Crowdfund Beat News Wire,
Bitcoin digital currency users now have a new option to invest in real estate by using the funds they’ve stockpiled on Bitcoin and make up to 24% return. True to its cutting edge, alternative investment approach, real estate crowdfunding website Brelion is venturing into Bitcoin with a pilot property, making it the only company offering a Bitcoin real estate investment option.
The property – a suburban, four bedroom, 1.5 bath residence – was purchased for approximately 30.83 XBT (click here for Bitcoin exchange rate), renovations are expected to cost an estimated 65.49 XBT. 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 about breaking down barriers to real estate investment by taking it out of the hands of big funds, giant corporations and banks and making it accessible. By utilizing the crowdfunding concept made popular by sites like Kickstarter and Indiegogo, Brelion effectively provides individual accredited investors access to alternative investment options and the ability to hand-select projects, while enabling small and mid-sized renovation companies to access capital without being beholden