This is how to buy a house in San diego with Crypto?

• Mortgage lenders don't accept Bitcoin. 
• Crypto Should be Converted to US Dollars to buy most homes in San Diego. You will need to go through the Mortgage processes. 
• They need to know where the money originated from to buy a home. (Crypto is legal so it should NOT be a big deal)
•  You may be able to make a down payment or purchase a house outright with Bitcoin if the Seller wants Bitcoins, but you can't use it to pay the mortgage. U.S. mortgage lenders and servicers accept payment only in dollars. 
• Sometimes a Seller will want the Crypto, but you may need to pay a little more than the list price, just because.
• You will need to Find a Seller who is willing to accept Crypto. Otherwise, they want Real “US Currency.”

• The most low-tech way to buy a home with cryptocurrency is to convert just enough to dollars to pay for the house. However, you’ll want to take tax implications into consideration.
• Depending on how long you owned the crypto, you may pay capital gains taxes, just as you would if you sold stock. If you cash out and make a profit on your crypto, you’ll owe taxes on the profit that are calculated based on your income bracket. Check with your CPA.
• How much is your Crypto worth today?  Check it out.

This is a crypto transaction at its purest. The buyer of the house transfers cryptocurrency directly from their digital wallet to the seller’s digital wallet. But it might not be as easy as it sounds, because most traditional real estate agents aren’t set up to get their commission in crypto. 

• You’ll need to find a lawyer and a real estate agent who are familiar with crypto and can help you work out the escrow. 
• Then the escrow will need to go through an accredited bank and a title company. You’ll also need to find a home seller who’s willing to accept crypto as currency.

Startup crypto-backed lenders allow you to leverage your bitcoin or another cryptocurrency without selling it and facing a capital gains tax by letting you use it as collateral. These loans can be risky. If the value of crypto falls, the borrower may have to put up more crypto or other collateral. This is an expensive situation known as a margin call.

Crypto-collateral loans aren’t simple because they are not available in all states, and crypto’s volatility can make it hard to determine the loan-to-value (LTV) ratio. Some lenders allow borrowers to take out loans of up to 100% of a home’s purchase price, while others have crypto down payment requirements.

• Every step of the way, everybody will be charging extra fees for Crypto’s risk (Volatility). 
• Nobody will take a risk without getting paid. Didn’t you take a risk buying Crypto? 
• Don’t expect others to accept Crypto as normal everyday exchangeable currency when purchasing Real Estate without compensation for there risk.  

Sell the Crypto, pay your capital gains, and purchase the house outright. And go out and earn more crypto money.  It’s not like your “swinging a hammer” to make the money, just use your brain again.  You can do it.

As an Ex-Professional Stockbroker, Trader, and Investor, you live by the simple rule:

 First Rule:   Buy and Sell, (in any order) capturing the difference as profit. Pretty simple. (But hard to do)

• When people tell me they want to buy a house with Crypto, it tells me that they don’t know how or when to sell the Crypto. (Timing of the investment) 
• Crypto may become “mainstream” something in the future. (I hope it does) But the fact is, it’s not today. And I sell houses in the moment.    
•  You cannot avoid taxes and buy a house in San Diego. If you figure out how to do it, my guess is illegal, and I want nothing to do with it.  

Two Escrow Firms that work with Crypto Transactions.

Southern California Escrow

Prosper Escrow