Anderson Business Advisors Podcast

Buying Real Estate with Crypto Currency

May 18, 2019

Cryptocurrency? Sounds almost top secret or like something you've heard about on the dark web. Actually, cryptocurrency is a fascinating form of digital currency that seems to be sweeping the nation. Today, Clint Coons of Anderson Business Advisors talks to Steve Streetman, an avid cryptocurrency investor and real estate speaker, teacher, coach, and agent. Also, Steve is the president of Streetsmart Investments LLC, where he leads acquisition, property management, and business development. Steve has worked in cryptography and high-end computer modeling for more than 30 years. He has successfully acquired multiple commercial properties and is currently active in self-storage, student housing, and assisted living projects. Despite its negative stigma, Steve believes that cryptocurrency is here to stay - at least for a few more years. He shares how real estate and cryptocurrency can work together to make a positive impact.   

Highlights/Topics:

  • What is cryptocurrency? Online digital token; every transaction goes on a Blockchain (series of blocks of data chained together to view future and past transactions)
  • Actual vs. Cryptocurrency: Buying power of dollar gets less every year, but cryptocurrency isn’t intentionally devalued
  • Types of cryptocurrency, and where they get their value:
    • Currency Token:
      • Bitcoin: Gets value from supply and demand
      • Trade Options (Troptions): Coins designed to be barter currency
    • Security Token: Representation of value and ownership via:
      • Initial Coin Offering (ICO), or
      • Initial Public Offering (IPO)
  • Ways to invest in cryptocurrency:
    • Mining: Requires advanced computers to perform “hash” function faster; winner-takes-all approach to get your block done first to get cryptocurrency
    • Buy land/property; cryptocurrency appreciation is taxable
    • Get loan secured by your cryptocurrency to buy real estate
    • Use cryptocurrency as collateral to avoid tax event; escrow companies hold it
  • Companies may accept cryptocurrencies to make rental properties appear cool, updated, and modern to appeal to millennials
  • Collect Rent: Give your digital wallet address to tenant; they send you the cryptocurrency
  • Exchange Currency: Just like you trade dollars for euros, trade crypto for crypto or Fiat
  • Real estate is low-hanging fruit for cryptocurrency to make substantial improvements

Contact Steve for more information, as well as to enter to win a free copy of his soon-to-be available book, Cryptocurrency and Real Estate.  

Resources

Streetsmart Investments LLC

Steve Streetman’s Email

RealInvestors Real Estate Services

Laws that Govern the Securities Industry

International Trade Exchange (ITEX)

Prime Trust

Propy

ShelterZoom

Clint Coons

Anderson Advisors

Tax and Asset Protection Event