Now investors who have funds stockpiled in Bitcoin digital currency will be able to invest in real estate and could make up to 24% return. Real estate crowdfunding website Brelion is launching a pilot property, making it the only company offering a Bitcoin digital currency real estate investment option.
The property is a suburban, four-bedroom 1.5 bath residence and was bought for approximately 30.83 XBT. The renovations are expected to cost an estimated 65.49 XBT after which the project manager expects the property to appraise for approximately 120.21 XBT at the project’s close and be refinanced to return the equity invested in the home.
Brelion is interested in breaking down the barriers to real estate investment by taking it out of the hands of big funds and banks and giant corporations, making it more accessible. By utilizing the crowdfunding concept made popular by sites such as Indiegogo and Kickstarter, Brelion can provide individual accredited investors’ access to alternative investment options, giving them the ability to hand select projects while enabling small and mid-size renovation companies to access capital without being beholden to traditional financing.
Bitcoin is outside the control of any government, bank or individual, preventing such entities from being able to manipulate its value. It is a true global currency that has the potential to become a standard international currency, simplifying the way we buy and sell. It’s still very much in the early stages of consumer adoption and options for investors using Bitcoin are limited but growing. Brelion is joining the group of companies internationally that accept this currency.
Brelion founder, Vadim Kleyner was an early adopter of Bitcoin currency and believes that opening Brelion to investments in the form of Bitcoin supports his mission to make investing more accessible through the use of technology. He said “At Brelion, we believe investing should be simple and profitable for everyone involved. I believe this currency has major potential and there are not yet enough options for people that use it to be able to invest it and gain returns rather than having their money sit in a virtual wallet. So I decided to open our projects to Bitcoin investment, starting with our pilot property.”
Kleyner is certainly not a newcomer to alternative investing, real estate or IT and has more than 20 years of IT experience with a decade of real estate experience. As CTO of Costupdate, he spearheaded the deployment of a “just-in-time” B2C logistics platform, synthesising the most efficient delivery paths for 1 million products from a multitude of sources around the world. In 2015, he sold his $100 million asset under management (AUM) real estate company to a partner of Keller Williams Realty.