Crypto to real estate investment (not retail buy) jurisdictions? Bypassing banks

[OKboomer]

Hi all,

I am interested in investing in real estate. Note that investing in real estate does not mean buying some shiny low quality apartment that will be unattractive in 3-5 years. Nearly every real estate deal I have seen touting that they accept crypto is either low quality that nobody wants to buy or a regular deal but marked up a few per cent for crypto payment, and also it's mostly targeting retail (whether regular or rich retail). What about the situations where I might want to actually invest into real estate, either special situations, or upcoming construction,etc. Any jurisdictions where on can just use crypto to invest and bypass banks altogether? I obviously don't want to be limited to the poor options where crypto is openly accepted.

I need not only acceptance of the seller here, but also acceptance of notaries in case of a deed transfer, as in most countries they strictly require a proof of bank transfer under your / your company name.

Any ideas?
Thanks

 

[Wellington]

Basically you want to join︅ a development?

Problem is you have competition as most of that money is Chinese or︆ Russian being washed through the development side in tourist areas

 

[OKboomer]

That's the crazy thing, so I have to compete with⁠ people washing their money (who are therefore happy to lose some percentage of it due⁤ to them trying to hide the potentially criminal origin of the money), so of course⁣ developers will prefer buyers who don't care if they enter a bad deal, because they⁢ have a different goal from capital gain...

So does this mean that the popularity of︀ development being used for money laundering makes it by default an unattractive Option for you,︁ if you actually are NOT laundering money, but just want to invest ?

 

[Wellington]

It's not︀ so much criminal origin but capital control violations, i.e Chinese getting funds out of China︁ into Western Markets, i know in-depth how it occurs and via which routes, usually its︂ a underground MBS process, i.e shadow banking.

So from Western perspective it isn't illicit but︃ follows illicit processes.

 

[Wellington]

Same applies with Russian's its generic Russian's getting their wealth out of Russia into various‌ markets overseas etc.

 

[OKboomer]

Fair enough, but then the logic still‍ applies. Those people are probably ready to pay a few percent to get the money⁠ out of those countries. So they will be less demanding towards the said developers.

If I only stand to make a few percent of profits from capital gains anyway, then⁤ those few percent kinda matter to me. Otherwise I may / should give up on⁣ the idea of diversifying into real estate

 

[JohnnyDoe]

I have done crypto real estate deals in the U.S., Caribbean, Portugal, Italy and I'm negotiating one in Russia. Normal properties, no markup from the sellers, while I offered a discount as a seller.

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[OKboomer]

Interesting. At least in the two⁠ EU countries you mentioned, no notary was willing to use a crypto transaction as proof⁤ of payment and thus they refused to process the real estate transfer with crypto as⁣ payment.

 

[OKboomer]

Thank you. Offered︁ that to many notaries , all refused. Also lawyers told me it's illegal. I guess︂ need to use the law of big numbers... Crazy. Thanks for the tip

 

[donna4]

You can take a look at Immobilium

 

[proxmox16]

Hi, can u pls write PM⁠

 

[koohl]

And how does one find such⁠ investment opportunities? They are not exactly hanging on trees; you need connections to find them.⁤

Chinese and Russians are involved in a large part of the world's construction projects, whether⁣ it's illegally constructed hotels in Bulgaria, money laundering in developing countries, or (in the case⁢ of the Chinese) getting money out of the country and investing it outside their crazy︀ dictatorship.

 

[sebastian]

What country are these notaries if you don't mind⁠ to share?

 

[JozefMrkvicka]

Good real estate for crypto could be done in Dubai as well. DM if interested‌

 

[asaud]

Out of Dubai you have︅ options like Serbia, Turkey, Montenegro.

As said before you will be in competition with Russians︆ and Chinese. But out of these Turkey has much more ROI if you know where︇ to look at

About notary; you will make agreement like "property price (will be) paid︈ in cash"

 

[JimBeam]

Construction quality in⁤ Dubai is s**t but at least it won't fall down on the earthquake like it⁣ happened in Turkey couple years ago.
I would not buy anything in Turkey for that⁢ reason alone.

Anyone knows can it be done in Georgia?

 

[asaud]

Well, you need to do your own research ofcourse. There is plenty⁤ of properties in Dubai that the wall would be broken by just a smash, there⁣ is plenty of properties in Turkey thats low quality crap which wont follow regulations.

And yes it can also be done in Georgia

 

[diro]

Crypto to buy real estate is interesting for me. Good advice in the thread for‌ me, thank you.

 

[offshoremaster17]

Unless you are willing to︅ pay up to 5% fees. You won't get anything like that.

I personally buy real︆ estate this way and often pay 4% fees

 

[JosephLL]

In what jurisdictions?