Considering Purchasing Real Estate with Crypto? My page will help, but it is not a replacement for CPA.
Mike Frey (Realtor) Berkshire Hathaway HomeServices California Properties and California Title are not a replacement for your CPA. You should consult your CPA to ensure you don’t have to withhold capital gains/losses from your Crypto position.
How A Realtor Can Help you Buy a Home with Crypto.
Mike Frey, a Realtor, finding your dream home or selling your property is fraught with complexities. Mike Frey offers expertise, ensuring that your path is as smooth as possible. With a commitment to personalized service, Mike doesn’t just facilitate transactions; he crafts experiences. The modern real estate landscape demands more than just a mediator; it requires a visionary who understands the intricate dance between market trends and personal aspirations. Mike Frey embodies this role, leveraging his deep knowledge to serve your best interests.
Berkshire Hathaway HomeServices California Properties, (The Broker) Mike Frey (The Agent working at the Brokerage) brings the weight of a respected brand to your real estate endeavors. This partnership promises not just excellence but a legacy of trust and unparalleled service.
California Title is a Title Company. (Also Affiliated with Berkshire Hathaway HomeServices) Here is a link A title company.
Convert to US Dollars?
Cryptos need to be sold and converted into US Dollars first. You cannot pay with Crypto directly; it needs to be converted to US dollars. Why? All the vendors associated with buying and selling houses do not take Crypto as payment. I prefer US Dollars for my commissions; if I feel like buying crypto, it’s my personal choice. (Not part of any contract)
Quick Questions Answered
FAQs
- Question: Can I buy any property in San Diego with cryptocurrency through VersPay?
Answer: Yes, with California Title and VersPay, you can purchase any property listed in San Diego. Mike Frey Realtor can help find your home as soon as I receive your pre-approval from you bank. - Question: How do you convert cryptocurrency to USD for transactions?
Answer: VersPay uses a straightforward and secure conversion process, offering competitive exchange rates. They ensure the conversion reflects the real-time value of your cryptocurrency, making the transaction transparent and fair. - Question: Are there any additional fees for buying a home with cryptocurrency?
Answer: Typical Closing Fees, First Down Payment (3%) along with all cash offer or mortgage paperwork. We aim to minimize additional costs, ensuring you get the best deal for your real estate investment. - Question: How long does the buying process take when using cryptocurrency?
Answer: The timeline can vary based on several factors, including the speed of the conversion process and the details of the real estate transaction. However, we strive to make the process as fast and efficient as possible. We recommend talking to your CPA first. There may be withholdings necessary before you purchase you new home, or capital gains/losses that you and your CPA will need to think about. - Question: Can I consult with Mike Frey before deciding on a property?
Answer: Absolutely! Mike Frey is here to offer personalized real estate advice. His expertise in the San Diego market is invaluable for making informed decisions about your future home. I will also need a signed Buyer Agreement signed before we look for homes. I will send you this document so you can read it first before you sign. (New Realtor Laws in California)
Call or Contact Mike Frey, Realtor, for more information if you’re considering taking money off the “Cryptocurrency Table” and Investing in Real Estate. I can definitely help you with this task. Mike Frey 858-330-1242
Here is my WhatsApp link for Mike Frey Realtor
Thoughts from Mike Frey
Deciding what to buy, when to sell, and how long to hold—it’s always shifting. No one has a crystal ball. Some bets skyrocket while others just don’t pan out. So, the big question often is, when do you decide to take your profits off the table? When is it time to close your position? It’s a crucial choice. Often, there’s a little voice pushing us to aim for more, driven by greed, right?
I can’t make that call for you, but there’s one thing I can tell you: you won’t secure any profits if they’re constantly exposed to risk. Eventually, that risk is going to catch up, and you could lose everything. My advice? If you’re up on your crypto investments and considering cashing out, think about putting some of that money into real estate. It’s a solid way to reduce your risk and still keep your capital working for you. What do you think? Ready to explore some options in real estate?
Michael Frey Realtor DRE#02069869 ©2024 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information. La Jolla Office DRE#01317331 Equal Housing Opportunity