Crypto as Related to Real Estate:

Like it or not, these two sectors are rapidly converging. We are living in scary, uncertain times. People are thriving, but at the same time people are being scammed. There are few benefits to being afraid of the emerging technology however. We are all better off having at least a tacit familiarity with the latest developments. All risk considered: there are several ways crypto can help… if we proceed carefully.

Even without crypto, home owners are falling victim to something called “title fraud”. A thief can use stolen mail to obtain your information and impersonate you. They can actually transfer your title to themselves. A deed of sale, registered on the blockchain is far less likely to be stolen. Investors are also working together to crowdfund rehab projects and buy investment properties. Additionally smart contracts are being used to streamline the sales process.

If everything sounds perfect though, the chances of being scammed are very high. NOTHING worthwhile comes without challenges. Balanced against the nagging feeling that something isn’t right, you’ll also have to deal with self doubt. Maybe you’re being paranoid. Maybe you’re overreacting. Carefully weigh the options, but always choose peace of mind first. There will always be new opportunities. It takes a balanced perspective to recognize them.

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