Bitcoin Forum

History:

Few years ago, I've worked with an individual from US who had, at that time, an idea new and interesting to me. This idea was to buy some property, divide it into shares, and sell shares to anyone willing to invest.
The premise was, that property value was equal to sum of all shares. So each share had a value directly proportional to the value of the property.

Meaning, if property X was valued at $100k at time of purchase, and we decided to split it in 100 shares, each share would be valued at $1k.
If the property market was good, and value of the property was now assessed at $120k, this means each share would now be valued at $1.2k.

In addition to that, the property, would be rented out. The rent would be collected by the company, management fee's subtracted, and what's left would be divided into Y parts, where Y was the number of shares for this property. Then, depending how many shares of the property you own, you would get as big of a slice of the rent money.


Present time:

Few days ago, I came across an article that mentioned the idea above, but tokenized and on blockchain. Which means, shares could be purchased with crypto, as well as fiat.
This article was talking about https://realt.co/
I've spent days looking at the website, trying to figure out if it's a scam or legit.
So far, all of the facts point that it's legit.

Few days have passed, and i decided to give it try. I purchased several shares of this estate: https://realt.co/product/20200-lesure-st-detroit-mi-48235/
Payment was done via coinbase widget, i chose payment in ETH. I bought total od 3 shares for i think $208, aka 1.09 ETH at that time.
The website is promising $7.11 per token per year. So tehnically this will be 0.058 cents per day. Lets see...

The idea of this thread will be to give you guys review of the process, and if in fact the whole idea is legit or not. I'll try to give as much info as possible, and try as many options as possible.
If everything checks out, this could prove to be a really nice long term passive income stream, so I'm giving it a go and hopefully will be able to provide insight. Worst case, i lose some money.
I'll be posting updates every so often, but my main goal here is to see:
- if i really do get the tokens
- if i really do get daily interest
- if i can in fact sell the shares i bought, and hopefully make some profit on it

---

Update#1:
After completing my purchase, the website requested i do KYC. No problem, KYC info submitted, waiting for further details...
Update#2:
Their support claims that they have an issue with KYC, and should be resolved by the end of the day. Lets see... (screenshot (https://bitcointalk.org/index.php?topic=5231853.msg54003733#msg54003733))
Update#3:
KYC system still broken, KYC still not done. Hopefully today is the day
Update#4:
KYC has been approved, and legal document has been issued for digital signature between me and the realt.co. My side is signed, waiting for them to sign.
Update#5:
Documents have been signed by both sides, and tokens have been sent to my ERC-20 wallet.  (screenshots (https://bitcointalk.org/index.php?topic=5231853.msg54017006#msg54017006))
Update#6:
My daily DAI interest has arrived at my ETH wallet. (screenshot (https://bitcointalk.org/index.php?topic=5231853.msg54024499#msg54024499))
Update#7:
DAI is coming every day.  Granted, it's only been 3 days, but still, shows promise (screenshot (https://bitcointalk.org/index.php?topic=5231853.msg54035045#msg54035045))
Update#8:
The payout was switched to USDC while DAI peg to USD is unstable
Update#9:
Bought additional tokens which should increase my daily revenue to 13 cents
Update#10:
Bought additional tokens which increased my daily revenue to just under 20 cents (screenshot (https://bitcointalk.org/index.php?topic=5231853.msg54281942#msg54281942))

Reserved

Adding screenshot of their live support chat, where they inform me that kyc processing might take longer than expected due to kyc system error.
As can be seen here:

https://i.imgur.com/hwsZ8km.png

I hope the whole thing works out. This is an amazing innovation towards bringing cryptocurrency and blockchain to mainstream adoption. With tokenization of asset, it will provide everyone with the oppotunity to own fractional properties irrespective of location. This will also serve as a sure means for cryptocurrency investors and whales to diversify thier portfolio and investment without leaving the crypto universe.

KYC is still not verified. Last message i got is that it will be done ASAP, but probably tomorrow. Still keeping my hopes up high

It's same idea with chellecoin, the rewards is very reasonable, nothing too good to be real there and team are very serious as well, informations about bought properties are damn real that's why chellecoin is still the most serious real estate project on blockchain so far, maybe I will look into realt.co too

Isn't this a DeFi thing? Or is it on coinbase? I think I saw a promotion on real estate company on defi twitter some weeks ago. I wasn't too sure though, probably due to legal challenges, the way the house was built, and location matter too.
I think I would prefer crypto properties to be far away from developed places. Maybe just build few mobile homes on rich lands in isolated areas, and rent them out or sell to people who understand the value of decentralized mobile homes and sustainable living. One of the most important thing is to get the areas connected to the internet, and provide some other basic infrastructures.

7$ on 200$+ investment? It seems staking coins have higher returns than this real estate project, I can make more from Tezos and few new proof of stake coins on binance, actually I haven't seen any real estate project that is not a scam, they always have good start and end up scamming people

Actually it's $7 per token. $200 is 3 tokens, so it's actually $21

It's 10% interest per anum.

Having property in remote locations would be bad IMHO.
Yes, i see the appeal of it, but you gotta remember that the main source of income for this kind of business is rent which the tenant is paying.
And more often than not, tenants want urban locations. Plus, rent is usually much higher in the city

10% interest per annual is something that POS coins offers but since the token can become more valuable because of its use case I will try to check the project out, I'm lost too many money investing in new projects since 2019, it's time I move entirely back to old altcoins

That's exactly why i made this post.
Wait couple of days till i can get a sense if this is legit or not before investing.

Also, if you plan to invest here, i'd appreciate you using my REF link :D (will be sent via PM if you want)

Finally the KYC has been approved and everything is fine.
The next step is to sign an actual contract with them.

You receive an invite in the email, asking you to use a digital signature service.
You're presented with a lenghty contract, and it's advised you read it.
Even better, if you have access to an attorney, have him read it and interpret, as it's filled with "legal language".

Signing of it is pretty simple, you click on 3 check-boxes and then provide a signature, which you can either draw, upload or write and choose a "handwriting like" font.

After you submit it, the other side (realt.co) needs to sign as well. ATM waiting for them to sign

The document has been signed, and the tokens have been issued.
I can confirm that I see both tokens in my ERC-20 wallet, and i see it shown on my portfolio on the realt.co webpage.
So far so good.

https://i.imgur.com/qZV7jyu.png

https://i.imgur.com/cnFI1hH.png

Also, since the website has an option to sell your tokens, i wanted to see what the price was, and believe it or not, they offered me the exact value i paid.

https://i.imgur.com/GmXSglB.png

Next thing would be to wait couple of days to see the interest coming in (apparently, it's paid daily) and to see after some time if the property price would change value and how it would affect the price of my tokens

I am very interested in the concepts offered by REALT, which are very easy to understand.

btw.. @OP thank you for sharing, if the investment that you show is proven to be paying, then I am interested in becoming one of the members  ;D

I just received my 1st payment. It's not much, but it's what i calculated it would be.
It would seem they are true to their word and they're paying daily interest in DAI

https://i.imgur.com/rxbQrhw.png

Now only thing left to do is wait to see if the payments will be constant, and in the end, if the property value will increase in time.

So far, everything checks out and is legit.

However, there is one possibility left, and that's that they're actually giving me back my money (what i invested, converted to DAI) and there's no property involved.
At some point, if the price of property goes up, i might decide to sell a share or two to see what will happen.

It's been 3 days now since i passed KYC and officialy got the tokens. And each day, DAI came

https://i.imgur.com/TiaKdOh.png

Have you analysed and checked their licensing from the relevant authorities, even though this project is based on blockchain tech and revilves around tokenization of real estate assets for fractional ownership but still this type of business model needs proper licensing and registrations from all related authorities from the local area from where they are operating, if you share there authentic licenses and approval from official regulatory bodies then it would be great.

I have not checked. But feel free to do so.
As stated in the beginning, i'm not promoting this project, just testing it to see if it's legit or not

I've put an auto generated image in the OP that will reflect in real time my DAI balance.
This balance represents gains from the property

They claim to have properties in the USA but if you are familiar with American policies regarding crypto, securities and tokenization you will know that they are far from being friendly rather they are very strict and as far as i know such a project can not run without approval from SEC so be careful if they are not approved, you will end up loosing money of that is the case.

Thanks for the warning and heads up. But this is exactly why i'm doing this, to test it out.
My $200 invested might save someone's $10k.

Today i noticed that my DAI amount hasn't changed, so i checked my wallet and i saw that the same amount expected from DAI, was sent with USDC.
I've asked the team, and they confirmed that they switched to USDC while the DAI peg to USD is unstable

Why so much superfluous unnecessary volkita? I think that each country has its own laws on real estate ownership and it is better to solve such issues with a notary public) And so you will need to open a joint-stock company and it costs certain funds and it takes time and the profits will need to be legalized somehow ... well, a lot noise and little profit

The money, even tho small amounts, keeps coming in constantly and daily.
So far so good. Even thinking about buying some more shares.
Any thoughts?

So far $2 in interest. Sounds good:D

Will be buying some more tokens this weekend

I've decided to push the test a bit further and bought 4 additional tokens, each at $50 apiece

Now my assets look like this:

https://i.imgur.com/4LfBI0a.png


By my calculation, I should be receiving $0.13 per day.
Not bad, considering I can always sell the tokens.

So i got a little carried away and bought some more shares in the last property listed. haha, i know i know, crazy, right.

Anyhow, this is the situation atm

https://i.imgur.com/6jLGljT.png

And daily i'm receiving 19.865 cents per day, or more friendly $0.19

The goal is $1 per day :D

Hello all, I have been investing with realt for some time now. I documented my research into this a while ago. I will check here to see if I can answer any of your questions.

https://medium.com/@tufcos1/realt-due-diligence-dd6c8d29b3d9

this is also my problem with atlant.io which works the same as this realt both have to consider american policies regarding crypto investments and as of the moment licenses are pending. but its always good to invest at early stages specially in real estate

They are very strict and do KYC in order to buy any asset. If you can't pass KYC you can't buy anything.
Here is an example document that you sign in order to buy a token. https://realt.co/wp-content/uploads/2019/09/REALTOKEN-LLC-SERIES-1-9943-MARLOWE-1.pdf (https://realt.co/wp-content/uploads/2019/09/REALTOKEN-LLC-SERIES-1-9943-MARLOWE-1.pdf)

https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx (https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx).
Search for Realtoken INC and Realtoken LLC

I tried to look into atlant.io and I can't see any listings on the website.

So after acquiring some decent amount of tokens, I've decided to move my tokens from a standard MEW wallet to ledger. ATM I'm in the process of doing it and will describe it once finished

It feels good to see a real estate crypto project that is functioning properly, I'm just hearing about realt today, after checking the project out it's near identical to CHL Coin from Chellecorps, Realt daily interest is not bad at all, pretty low means it's legit, all the best

Yeah except Chelle coin seems to be dead and/or scam, while RealT is fully functional.

So far from the beginning of your journey with this real estate project to date has been smooth and now looking very promising at least from the look of things (although we can't tell if they will keep it up for a longer time) because of your constant update of this thread, am beginning to find this project attractive, I will keep following to see your progress before I make any decision,
It will be nice to see legit and trusted real estate project in crypto space that is actually paying and doing well, good job with updating the forum.

Yes, so far so good.
I've actually moved all my property tokens from MEW wallet to Ledger X wallet, so they're as secure as they can be. If you're interested in the process, let me know.
Also, if you're thinking of investing, pm me so I can shamelessly give you my referral code :D

A very big update.
RealT introduced it's first property in Florida!

Just to post a quick update on the project;
They've introduced fiat payments as well, so now you can buy directly with fiat if you prefer

Hint hint: Crypto.com card has cashback ;)

Do I understand correctly that you first invested $ 208 to get $ 21 profit every year? It is probably safer to buy ETH, wait until it grows by 10-15% and sell :)
Can you sell Realtokens?

You can't really compare investing in real estate and in crypto. Investing in real estate is considered to be a safe investment and in crypto you never know. Imagine if you invest your life savings in ETH and Vitalik tweets that ETH 2.0 is canceled because they can't develop it? What would that tweet do to the ETH price and your investment?

Real estate investment is a very very risky business. Real estate requires repairs, insurance, taxes and its price depends on the economic situation in the country.

I wonder if the token holders will suffer losses?
Under the law, a property owner makes a profit depending on his share, but what about the losses?

As far as I know, token owners are not responsible for repairs and taxes. Properties are insured from fire, flooding and other natural disasters. The only risks are od the property loses it's tenants pr if the value od the property decreases.

I think that investing im crypto is even greater risk than investing im real estates. You can invest in some shitcoin which value can dump over night and you lose ali your investment.

What do you think landlords pay rent? Every day or once a month.
Why pay out coins to token holders daily?
Each transaction requires additional costs.

If we talk about investing in cryptocurrency, do you think that will happen sooner? The price of bitcoin or ether will rise 2-3 times in 8-10 years, or will you pay back your investment in real estate?

After about 4 months of actively investing and participating in this project, I've written some tips and tricks on how to squeeze every cent out of it.
You can find them here https://medium.com/@btcltcdigger/tips-tricks-when-investing-with-realt-8379962c1a4e

I like real estate big time and especially when it is coupled with blockchain and tokenization but to be honest there is also fear before investing in such projects due to so many scams in recent past everyone will have trust issues. I will keep following this project and decide how it comes out. One way to build confidence is that the team should do regular AMA type sessions with the investors and may be a monthly newsletter with all the details of events and happenings related to the project.

Every 2 weeks on Thursdays there is a community call on zoom where you can join and ask questions, directly to the team and founders.

Basically they moved it from Zoom directly to youtube.
You can follow their channel and see when it comes online  https://www.youtube.com/channel/UCIUnPBs55STUL16VDQOHBWg