02-14-18 Real Bit(ter)?
The hype around Bitcoin seems to have simmered down a bit. Not sure if you know anyone who's bitter over making a swag investment in something they don't understand? I know a few personally.
Anyway...the underlying technology of crypto which is blockchain does seem to have tremendous potential once you peel back the layer of hype. I took a look around and found a few areas in real estate where promising ideas are percolating:
These four are all focused on allowing smaller investors to participate in fractions of very large projects:
Even governments at the local level are getting into the act. Cook County, Illinois (in and around Chicago) is already looking at how deed transfers and land records could move to blockchain technology. At the state level Illinois is starting to examine what statutory changes need to be made to accomodate the new technology specifically for real estate transactions.
Interesting stuff once you get below the layers of hype!
While watching the new technology is interesting and fun to see what's coming...I recommend investing the Buffet way...invest in what you understand. Who do you know that wants to get started investing in real estate but lack of money is holding them back? Have them give me a call at 833-FUNDYES and let's see if that's really the case?