Currently set to Index
Currently set to Follow
Home » Cryptocurrency Creeps Further Into Real Estate Deals
United States Real Estate Investor - Real estate investing media - Cryptocurrency Creeps Further Into Real Estate Deals

Cryptocurrency Creeps Further Into Real Estate Deals

In our modern time of intricate technological advances of digital currencies, real estate transactions are not immune to the utilization of cryptocurrency to close the deal.

United States Real Estate Investor - Mike Kitko makes millionaires happy millionaires. Live soul out!
United States Real Estate Investor Conference 2023
United States Real Estate Investor - Real estate investing media - Cryptocurrency Creeps Further Into Real Estate Deals
Play Video

United States Real Estate Investor News is sponsored by

Longhorn Investments. Real estate investing. Hard money simplified. Contact Lawrence Hopkins at 314-749-7616

Longhorn Investments. Real estate investing. Hard money simplified. Contact Lawrence Hopkins at 314-749-7616

Longhorn Investments

Need funding for your real estate investment deal? Longhorn Investments is professional, reliable, and fast!

Currently serving Texas, Tennessee, North Carolina, Missouri, Alabama, and Indiana, Longhorn Investments, LLC is a direct private lender offering short-term acquisition and renovation capital to real estate investors for both residential and commercial assets.

With Longhorn Investments, you can receive up to 75% of ARV, finance up to 100% of cost, close in 3 – 5 business days, no income requirements, a streamlined, simple approval process, and no prepayment penalty.

Formed in 2008, Longhorn Investments has funded over 4000 loans since its inception and includes complimentary businesses including a title company and real estate law practice.

Longhorn’s wealth of experience puts them in the unique position of being able to help investors throughout all aspects of each transaction.

To get started today and see why Longhorn Investments is the superior lending experience, call and speak to Lawrence Hopkins at 314-749-7616.

That’s 314-749-7616 or visit Longhorn Investments at LonghornInvestments.com.

Longhorn Investments
Hard Money Lending Simplified

United States Real Estate Investor - Real estate investing media - CCG Group, Tanen Andrews
United States Real Estate Investor - Real estate investing media - CCG Group, Tanen Andrews

Cryptocurrency Creeps Further Into Real Estate Deals

In our modern time of intricate technological advances of digital currencies, real estate transactions are not immune to the utilization of cryptocurrency to close the deal.

With crypto remaining as a highly volatile means of monetary moves, therefore making many people continually quite skeptical of its usage, the dark clouds of mistrust seem to be lifting in some markets.

Patrick Hayes reporting courtesy of ABC 15 Arizona.

It may sound unusual, but some believe cryptocurrency is the next big thing.

“I think we’re breaking new ground,” said Ben Hudye, chairman of the Hudye Group, a Scottsdale-based real estate company.

Hudye and local real estate agent Johnathon De Young of Russ Lyon Sotheby’s recently announced they were selling four luxury condos in Scottsdale and are willing to accept cryptocurrency as payment.

“(Hudye) realizes Bitcoin, Ethereum and digital assets, in general, are becoming a mainstream asset class,” said De Young.

There are currently four condominiums for sale. The prices range from $1.6 million to $2 million.

Meanwhile, the cryptocurrency bitcoin recently traded for more than $60,000.

According to Hudye, he still has a lot to learn about using Bitcoin and other crypto assets, but he believes they’ll see more of it in the future.

“On a scale of 1-10, I probably had a knowledge of about a two, 45 to 60 days ago,” he said.

“Today, I’d like to think I’m at a six so I’m still not an eight or a nine where I’m well-versed in it but it’s exciting,” Hudye said.

“It’s extremely exciting and I can understand why people have been involved in it for as many years as they have,” he added.

Meanwhile, Sedona resident Ryan Nichols recently used bitcoin to purchase a home in Arizona.

Nichols didn’t give too many specifics but said he bought into bitcoin a few years ago and felt it was time to reinvest.

“I think the timing was obviously right,” he said.

“It was sitting around $54,000 when I did the purchase and we were looking at having another value instead of having all cryptocurrency,” he said.

“it was a good time to jump into the market and diversify a little bit,” Nichols added.

Nichols admits part of buying his $2 million home with bitcoin was to prove that cryptocurrency is a viable option.

He said there’s a lot of skepticism but compares it to other, more common assets like gold.

“You know, bitcoin is like any other asset whether it’s stock, bonds, gold, or silver,” he said.

He recommends people start looking into it.

As for the luxury condos, officials told ABC15 they’ve been getting a lot of interest and inquiries.

Become an AirBNB host!
Mark Dolfini, The Landlord Coach - Own More! Work Less!

quick content suggestions

news notes

Close more real estate investing deals with Deal Machine!
United States Real Estate Investor CTFO Changing The Future Outcome CBD

Subscribe to our newsletter

Don't miss new updates in your email

Related Posts