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13579479 No.13579479 [Reply] [Original]

you can buy tokenized real estate (erc20) now. Rent is converted into dai and paid monthly to token holders.
This could be big for ethereum

>What legal rights do the RealTokens have over the properties they represent?
>Unlike REIT or other real estate funds, owning a RealToken is actually owning part of a home. Like typical real estate ownership, and RealToken owners get regular rent yields immediately, rights to voting regarding property management and sales, and even the ability to physically enter and visit the property with proper notice to tenants.

>How do I buy RealTokens?
>Each property is divided into a specific number of RealTokens. Investors have the opportunity to buy as many as they’d like, subject to availability, via our website. RealTokens are ERC-20 compliant tokens, with extended functions to make them suitable for real estate assets. RealTokens will represent fractionalized ownership in that home, as well as provide significant liquidity to investors.

https://realt.co/marketplace/

>> No.13579596

so If I buy 1000 tokens of that first house, do I get $860 every month? for how long?

>> No.13579658

>>13579596
If you buy 1000 tokens you own the house.
The renting is managed by a separate company that takes a 5% fee for that. If you own 100% you could fire them and do whatever you want with the house.

>> No.13579707
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13579707

>>13579596
more details here
https://medium.com/realtplatform/introducing-realt-tokenizing-real-estate-on-ethereum-9b8a995dc3fe

>> No.13579719

>>13579658
what is the price of the tokens tho?

>> No.13579767

>actually investing in Detroit real estate

If you guys want to piss your ETH away send it it to me, it'll see better use than this.

0xF841EaF1BA30c94a5f0209c5562cefD11e29d73e

>> No.13579815

>>13579479
what profit can i expect from... lets say... 100 tokens?
what in my overhead on there properties? since i """"""own the land"""""" do i need to fir the bill for facilities?

>> No.13579852

>>13579767
lmao, this. Who the fuck wants to buy a house in niggerville? That house probably doesn't even exist and has been abandoned and looted twenty years ago.

>> No.13579871

>>13579815
It's Detroit, the only profit you'll see is African tribes cutting your wiring for copper to sell

>> No.13579888

>>13579479
Nice OP. So this is an actual pajeet rip off of an actual US based company

>> No.13579894
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13579894

>>13579479
>tokenized real estate

They are trying so hard to get another bubble going.

>> No.13580060

>>13579871
Copper coin ngr currency

>> No.13581092

>>13579479
>Rent per token

Ponzi scheme. noone is paying to live in those shitholes. The whole thing is a sham that's going to fall apart after they discover they are paying out "rent" on properties they don't own and aren't generating any income

>> No.13581219

>>13581092
it's a VC funded startup
https://realt.co/team/
>noone is paying to live in those shitholes
Detroit has a population of 673104
it's a perfect pilot location to test the process, notice the first house is priced only at $63750.
If it was in SF it would be worth $2M and annual property tax alone would be ~$17k