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>> No.28130548 [View]
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28130548

2 years ago my parents made a deal with a family member that they would buy an inherited piece of land for $30k. To this day my parents have failed to come up with the money and the property has at least doubled in value since. The family member is a saint and she is still willing to sale at that price because that was the deal made.
Heres where I come in. My parents want me to loan them the money. In order to do that I will have to cash out some of my cryptos. Mostly LINK. Theres a few reason I can see why this is a bad idea.
>1. Taxes
>2. I might lose money because we are in a bull run, so the $30k i cash out today might be worth 40k next week.
>My parents are shit with money so ill probably get burned.
Here's what I could do:
>buy the land in my name
>get a loan based on the equity of the land which should be 60-70k
>go all in on LINK with it
>Sell the land to my parents for $30k, whenever they get the money
My concern is I am debt free and my portfolio is 100% profit. So doing this will generate risk and that im not sure im willing to take. What would you do anons? My parents are good people and they've always helped me so I would kind of feel like an asshole if I didn't, but that the same time they had 2 fucking years.

pic related is my portfolio

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