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Author Topic: Want to tokenize my house.  (Read 46 times)
Mr_Gold_Stack (OP)
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October 14, 2024, 09:31:45 AM
 #1

Heard about real estate tokenization. I want to token a house property I own. Can someone contact me to do this or introduce me to people who can?

The deed is in my name, the house is owned by me, no mortgage or loans on the property and the taxes are up to date and clear
metamorphosyys
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October 14, 2024, 09:46:14 AM
 #2

I don't know in which country is this possible?
Mr_Gold_Stack (OP)
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October 14, 2024, 09:47:30 AM
 #3

This property is in the US
odolvlobo
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October 14, 2024, 10:29:10 AM
 #4

Real estate ownership in the U.S. is heavily regulated. You cannot tokenize the property unless the laws in your county support it, and that is probably not the case at this time. However, maybe it will happen in the future. There are plenty of people working on it.

In the meantime, a clever solution might be to put the property in a trust or LLC, and tokenize ownership of the trust or LLC. IANAL

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October 14, 2024, 10:41:03 AM
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It seems like some kind of nonsense, why do you need this? What's the point?
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October 14, 2024, 04:16:08 PM
 #6

It seems like some kind of nonsense, why do you need this? What's the point?

OP may be in need of some cash, but does not want to lose his house.

OP - I don't see any way you can do it as a private owner.  But you could set up a LLC, gift the house to the LLC in exchange for free rent, and then tokenize the ownership of the house.  What state is it located in?

I see this as a potential trend, and a service offering this could succeed.  

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October 14, 2024, 08:52:42 PM
 #7

Start a new coin, a blockchain wherein every square inch of property is a coin. Put the whole property in trust. Then sell these coins for cash for sub-trusteeship of the corresponding square inch. Make the value great enough so that if some one person takes 51% trusteeship, you can transfer the whole trust land to him, and walk away with a good profit.

Cool

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