How Can Real Estate Be Tokenized Using NFTs?
NFTs are more than just ape jpegs. They can be used to represent anything that is perfectly unique... like real estate.
Here's a thought experiment on how real estate can be tokenized using NFTs.
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Пікірлер: 17
Here's how you do it: Set up an LLC. Have the LLC claim ownership of the property. Tokenize the LLC. Exchange the LLC token. Boom. You just saved potentially tens of thousands in brokerage fees, months of unrealized cash flow, and you'll probably avoid thousands in sales tax because you'll pay based on the rate for a "cash" business sales rather that direct sale of real property. You may even avoid certain income taxes because it's the _business_ that has to claim the "capital gain" (Ha. Ha.) rather than the individual.
amazing content and explanation. keep going, you are adding value !
Great video. As a Realtor, and real estate investor I would love to hear more or even participate in a room discussion.
@LeapfrogCrypto
2 жыл бұрын
Thanks Andrea! That's a great idea for a future podcast!
@mrsebastianhendricks
9 ай бұрын
Hi @@LeapfrogCrypto has this podcast materialised?
Good video and need to explore further on use of NFTs in RE, especially since they're not regulated yet
Brett
How can extremely centralized be decentralized?
Good video bro, keep it up
@LeapfrogCrypto
2 жыл бұрын
Thanks!
Good video, but I have a question. For example, someones house is worth 100k. Why he/she could sell lets say 1% of their property (1k)? Thanks in advance.
@giannispanos1
Жыл бұрын
The only reason I could think of is that in case the property is rented out, the onwer of 1% of the flat will receive on a monthly basis a 1% of the rent. Otherwise, I cannot imagine anything else. Unless he plans to re-sells in the future his 1% for a higher price
What app do you use for editing bro
@LeapfrogCrypto
2 жыл бұрын
Animaker
Propy (PRO) is already doing this and has been doing this for a while. They are the first mover in the space. You can buy real estate right now with crypto.
I have a channel about crypto and real estate. Would you be open to doing an interview?
2 minutes in and no explanation yet.