B
itcoin's popularity as an investment option has grown significantly, with its price recently surpassing $100,000. Since programmer Laszlo Hanyecz used 10,000 BTC to buy two pizzas in 2010, investors have experimented with various ways to use the cryptocurrency. One investor, Grant Cardone, is using Bitcoin to purchase real estate and then taking it public.
Cardone's strategy involves buying a property worth $88 million for $72 million, adding $15 million worth of Bitcoin to the transaction, and creating a separate fund combining both values. He then allows his audience to invest in this Bitcoin-real estate fund, which generates a monthly cash flow of around $350,000, used to purchase more Bitcoin. This approach allows Cardone to increase his investment value over time.
Industry experts suggest that using Bitcoin to invest in real estate depends on one's risk tolerance and time horizon. Long-term holders may consider converting a portion of their Bitcoin to real estate for diversification, as it offers passive income opportunities and can hedge against crypto volatility. However, if the Bitcoin price rises shortly after purchase, investors may experience buyer's remorse.
realestate
Grant Cardone Invests in Bitcoin-Backed Real Estate
Cryptocurrency investing gains popularity, driven by Bitcoin's continued success.
Read More - realestate

realestate
Seneca County Real Estate Transactions: May 24-30 Sales
Here are the 5 home transfers in Seneca County from May 24 to May 30.
Read More - realestate

realestate
Cortland County Real Estate Transactions: Homes Sold May 24-30
Cortland County Home Transfers: 13 Transactions, Median Sale $2.22M for 2,222-Square-Foot Pearne Avenue Home
Read More

realestate
Key Real Estate Legislation in the 89th Texas Legislative Session
This column provides general information on the law, not legal advice. Consult a lawyer for specific guidance.