Bitcoin Forum

Hi,

anyone would be interested in crowdfunding Property? Build apartment complex and share profit according to investment?

Time to build Bitcoin Tower 1? :)

Sounds like an interesting idea/ Lets connect and talk further.

Right now i am investigating technical solution of minimum "crowdfunding" target .... meaning in case XYZ USD are not funded as minimum until certain time transactions would become invalid (funds reversed back to investors wallets). This should increase the trust.

Any experience with Simulfund in Armory?

Hi,
I dont understand what you mean by experience in SimulFund. I am working on a CF project for Bill discounting. So I can see your problem and I do have a couple of solutions that could work on that front, myself having come across the same issue on the CF project.

ken

Armory has an option to create SimulFunding wallet. Individual people send promissory transactions and later you either take them all or they are canceled.

ok I was not aware of the wallet but the concept I had in mind is the same, the issue however with this is that the funders money is stuck till the project gets funded and not all of them may get funded meaning the funder could lose out on another deal. I would try to do it differently.

K

Care to share your ideas?

Can you more specifically? It's crowdfund for build a propoerty or to collect a fund for improve property(already exist).
And where your plan to build it?

Personally it's fishy someone stranger ask about money without more explanation.

I can see where you're getting this idea from but I don't think it'll be feasible.
You may be able to raise the BTC but finding a contractor who'll accept BTC as payment for work will be problematic considering that the price of BTC may fall below the initial agreed cost of construction once construction has been completed.
You may end up over paying (in USD values) which wouldn't be such a problem, but you may also end up quite short and having to raise another round of funding in order to pay the difference in the unexpected price fluctuations.

Crowdfunded properties is what I really are going to start to develop, I mean. Together as a community everything is possible, as long as one share a common thought.

Hi underhood,

Have you thought about the idea, or is it just an idea? Only, the sale is not the best option. It is better to go to renting. I'm ready the two of us to move into action/project. Money (bitcoins) is not a problem. I know how to get it.

Regards,

The idea of Bitcoin Crowdfunded Property development is nice but have you first consider the regulations behind this also which countries do you want to choose, a lot of countries in Africa with huge deficit in their housing project, please provide more information on this