BTC-Joe (OP)
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May 13, 2016, 08:44:19 PM |
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Buy into my hard money lending pool with bitcoins and get paid 0.50% per month of the USD value of your principle for as long as you want.
Cash out some or all of your principle any time by requesting a withdrawal and your principle will be returned within 10 business days of your request.
(Please note that there is an initial 30 day period after you deposit where an early withdrawal will result in a 5% penalty. Any time after this 30 day period there is no penalty for withdrawing your principle.)
This is a long term opportunity for people who are interested in having a steady monthly income rather than big one-time gains. If you are looking for big gains in a shorter time, please check out the link in my sig.
What is a hard money loan?
A hard money loan is typically obtained by real estate developers to fund the construction and short-term costs of a new project. The funds you contribute are secured by commercial real estate. I make loans for 6 to 12 months depending on the project, and the loan rates are usually high and include fees.
Is there a minimum deposit?
Yes, the minimum is currently 10 BTC. There is no maximum deposit amount.
How are monthly payments calculated?
If you decide to deposit into my lending pool, once the bitcoin transaction is confirmed I will convert them to USD and inform you of the exchange rate. It's around $460 now, so if you did 10 bitcoins at $460 that means $4,600 is your principle, and you will be paid (4600 * 0.5%) = $23 per month for as long as you keep your principle in the lending pool.
How are monthly payments made?
Payments will be made via bitcoin at whatever the current BTC-USD exchange rate happens to be every last Friday in the month.
Payment Schedule:
05/27/2016 06/24/2016 07/29/2016 etc...
Your initial payment after you first deposit will be made on the following payment cycle. Current month deposits would receive first payment on next month's pay date, but that first payment will include a pro-rated amount for the previous month.
For example if you deposited on 05/13/2016 you have 14 days to the payment date, so your initial payment would include an extra 0.23% along with the 0.50% for the 06/24/2016 payment, a total of 0.73% for the initial payment.
How risky is this?
This is a low-risk way earn a steady monthly income from extra bitcoins you have laying around because the loans are secured by real estate and default is highly unlikely. Your money is at greater risk sitting in a bank because inflation erodes your buying power by about 3-5% per year (in USA).
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BTC-Joe (OP)
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May 13, 2016, 08:44:36 PM |
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**** Reserved Space ****
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Quickseller
Copper Member
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May 13, 2016, 10:27:09 PM |
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Besides the fact that you do not currently have any reputation to give confidence that any lenders' money will actually be returned to them, it is fairly easy to earn ~3x what you are offering with a ~2 day (max) waiting period to get your money out and no minimum investment time, and the entities that you would need to trust is very trustworthy (is currently being trusted with 10s of thousands of btc of thousands of people's money --- or possibly more).
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The Sceptical Chymist
Legendary
Online
Activity: 3444
Merit: 6947
Top Crypto Casino
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May 13, 2016, 10:37:08 PM |
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Yah, you're essentially a newbie here. Do you have a history of any of this sort of thing you're offering? You have to understand there are many scams going on on this forum, so trust is hard-earned.
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BTC-Joe (OP)
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May 13, 2016, 10:40:28 PM |
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Besides the fact that you do not currently have any reputation to give confidence that any lenders' money will actually be returned to them, it is fairly easy to earn ~3x what you are offering with a ~2 day (max) waiting period to get your money out and no minimum investment time, and the entities that you would need to trust is very trustworthy (is currently being trusted with 10s of thousands of btc of thousands of people's money --- or possibly more).
My reputation is fine; I've been around here long before you were and I'll be here long after you get tired of bitcoins. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I am not running a run-of-the-mill bitcoin scam which is what you seem to be describing. There is no legit investment that will repay 1.5% in 2 days. That's either gambling or a ponzi scam...either way, not applicable here. Interest rates are not set by BTC or arbitrarily by members of this board, they are set by the market and any substantial deviation from these rates strongly indicates something fishy. 1.5% per 2 days works out to 22.5% per month or 270% per year...which has ponzi written all over it. Feel free to do your own independent research on what the typical interest rates are for a hard money loan. Lastly, this forum is for LONG TERM opportunities.
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Quickseller
Copper Member
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May 13, 2016, 10:48:25 PM |
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I might have been unclear as to the interest rate the alternate ways to invest money. The amount of interest that you can earn is ~1.5% per month, you can get the entire amount that you have lent out in no more then two days. You would be earning roughly 0.05% per day, which is 0.1% every two days. I thought that I would give an apples-to-apples comparison by providing the monthly amount of interest one could potentially earn as that is what you were advertising.
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BTC-Joe (OP)
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May 13, 2016, 10:51:25 PM |
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Yah, you're essentially a newbie here. Do you have a history of any of this sort of thing you're offering? You have to understand there are many scams going on on this forum, so trust is hard-earned. You raise a legitimate concern, but that's the problem with getting involved with these "too good to be true" scams. It's like I told the other guy, with a safe "secured" loan like this you're not going to get much more than 15% per year as a lender...and that's with a risky borrower, which I do not deal with. I have been involved in finance for years and I'd like to expand my business. I gain nothing by scamming people. In fact, I am quite disgusted by all the fraud that occurs behind the scenes with well-known banks. In this instance, I am paying all related fees, commissions and taxes. Additionally, I'm arranging the loans with the developers. These are all things that take time and cost money...so considering that you have none of that to worry about and merely get to collect an interest payment each month, it's a pretty good deal. This is not something that you do to get rich, it's something you do to earn the money you use to pay your bills and stuff without giving up your principle.
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BTC-Joe (OP)
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May 13, 2016, 10:58:53 PM |
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I might have been unclear as to the interest rate the alternate ways to invest money. The amount of interest that you can earn is ~1.5% per month, you can get the entire amount that you have lent out in no more then two days. You would be earning roughly 0.05% per day, which is 0.1% every two days. I thought that I would give an apples-to-apples comparison by providing the monthly amount of interest one could potentially earn as that is what you were advertising. 1.5% per month is still 18% per year, which is certainly doable but not without exposure to a lot more risk. You're not going to be charging 18% APR for a real-estate secured loan from a well-qualified borrower and closing any loans. 18% is for unsecured loans for low to mid qualified borrowers. You're not comparing apples to apples here. I think you also failed to notice this paragraph in my original post: This is a long term opportunity for people who are interested in having a steady monthly income rather than big one-time gains. If you are looking for big gains in a shorter time, please check out the link in my sig.
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BitBerau
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May 13, 2016, 11:40:03 PM |
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As soon as I saw 10 BTC I got uninterested. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Is there a lower amount that can be "gambled" with for this venture capitalist scheme? That is too much to risk all at once I would have to say. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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BTC-Joe (OP)
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May 14, 2016, 12:38:20 AM |
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As soon as I saw 10 BTC I got uninterested. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Is there a lower amount that can be "gambled" with for this venture capitalist scheme? That is too much to risk all at once I would have to say. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) It's not gambling and that's the minimum I'd accept for this opportunity.
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AcoinL.L.C
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May 14, 2016, 04:32:16 PM |
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This guy is unbelievable. Here is another post where he is offering 47% yearly interest ( ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ): https://bitcointalk.org/index.php?topic=1445230.0He also likes to pretend like he knows what he is talking about... US inflation is not 3-5% buddy. In the past year, it was a whopping total of 0.9%. The year before that... 0.7%. I have already marked this user with negative, I would suggest others do so as well to prevent anyone from falling for this.
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BTC-Joe (OP)
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May 14, 2016, 07:20:19 PM Last edit: May 18, 2016, 03:08:41 AM by BTC-Joe |
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I'm glad you feel like a hero for pointing out the obvious, but that is an entirely different type of investment with a different level of risk. He also likes to pretend like he knows what he is talking about... US inflation is not 3-5% buddy. In the past year, it was a whopping total of 0.9%. The year before that... 0.7%. No, inflation was not 0.9% for the past year, just like the real unemployment figure is closer to 15% than it is to whatever the obama admin is claiming...5% or whatever. Actual dollar inflation is substantially more than the propaganda figure put out based on CPI. We just got done 3 rounds of QE along with zero-interest rate; the dollar has been substantially devalued and it's most evident within the stock market, where share prices have skyrocketed while value and company fundamentals remain flat. You're pretending to be "helpful" but you're little more than a troll. I have already marked this user with negative, I would suggest others do so as well to prevent anyone from falling for this.
I've marked this liar with a negative feedback, as have many others, so anyone "falling" for asscoin's trolling is more likely to be roped into one of his scams. Most of his positive feedback is bought. LOL what a worthless tool.
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BTC-Joe (OP)
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May 14, 2016, 07:25:55 PM |
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Meanwhile, while AsscoinLLC is accusing people scamming, he's trolling the board with "moneypot.com" in his sig, complete with hidden whois to ensure his scamming can continue. Pathetic that the mods allow trash like him to exist on this board, or that anyone would believe a thing he says.
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Boelens
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May 15, 2016, 06:19:55 AM |
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you're a moron Yes dipshit, fucktard sack of shit
This is not exactly the kind of person that I would consider doing business with. If I had to guess I would say this guy is butthurt that his obvious scam is not working ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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BTC-Joe (OP)
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May 15, 2016, 09:49:59 PM Last edit: May 19, 2016, 08:43:55 PM by BTC-Joe |
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This is not exactly the kind of person that I would consider doing business with. If I had to guess I would say this guy is butthurt that his obvious scam is not working ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Boelens was probably hacked by asscoin LLC.
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AcoinL.L.C
Legendary
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May 19, 2016, 08:18:23 PM |
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I'm glad you feel like a hero for pointing out the obvious, but that is an entirely different type of investment with a different level of risk. He also likes to pretend like he knows what he is talking about... US inflation is not 3-5% buddy. In the past year, it was a whopping total of 0.9%. The year before that... 0.7%. No, inflation was not 0.9% for the past year, just like the real unemployment figure is closer to 15% than it is to whatever the obama admin is claiming...5% or whatever. Actual dollar inflation is substantially more than the propaganda figure put out based on CPI. We just got done 3 rounds of QE along with zero-interest rate; the dollar has been substantially devalued and it's most evident within the stock market, where share prices have skyrocketed while value and company fundamentals remain flat. You're pretending to be "helpful" but you're little more than a troll. I have already marked this user with negative, I would suggest others do so as well to prevent anyone from falling for this.
I've marked this liar with a negative feedback, as have many others, so anyone "falling" for asscoin's trolling is more likely to be roped into one of his scams. Most of his positive feedback is bought. LOL what a worthless tool. Keep the tinfoil hat on buddy. Meanwhile, while AsscoinLLC is accusing people scamming, he's trolling the board with "moneypot.com" in his sig, complete with hidden whois to ensure his scamming can continue. Pathetic that the mods allow trash like him to exist on this board, or that anyone would believe a thing he says.
I'm not paid for my signature unlike 99% of the people on this forum, try again. My "bought" feedback is from closing deals with other members on the forum. I was unaware that people such as Monbux, Cyclops, Doge Digital and other well repped members of this forum were willing to leave positive feedback in exchange for being paid a lil money.
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BTC-Joe (OP)
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May 19, 2016, 08:43:09 PM |
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Keep the tinfoil hat on buddy.
More weak attempts at deflecting the truth about yourself. That's so credible. I'm not paid for my signature unlike 99% of the people on this forum, try again. My "bought" feedback is from closing deals with other members on the forum. I was unaware that people such as Monbux, Cyclops, Doge Digital and other well repped members of this forum were willing to leave positive feedback in exchange for being paid a lil money.
Closing "deals" with your alts including attempting to act as the escrow on your own deals, but maybe one or two legit deals just for effect. It's no wonder you're so mad...nothing about you is trustworthy, and therefore your trolling of others' threads is irrelevant.
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TexasBitcoinKemah
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August 05, 2016, 11:10:05 PM |
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Joe The thing that I would like to know is who are you lending to? Plus if you are investing as an hard money lender what are your loans secured for? I mean that I am an investor that would be willing to give my Lenders liens on the property that I am buying or on the property that I already own. This way they get the security of knowing that if I screw up they can still foreclose on the property and sell it for the return of their investment. But, if the investment property makes money then they get a nice steady income. This makes it a Win-Win they know that the investment is secure and I get a lower then Hard money loan with out a lot of Red Tape. And Before you ask yes I may be new to bitcoin mining However, I have been an investor for over 15 years I have over $3,000,000 USD of property under my belt right now that I own. I have done over $11.5 Million of buying and selling from when I started. Trust me when it comes to Hard Money Lending and Private investors that is a field I know a very Lot about. I have been in my field from 1989 till now. Yes, I would like to talk to anyone that is looking to make the bitcoin they have make more money in any currency
Thomas
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BTC-Joe (OP)
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August 06, 2016, 12:33:36 AM |
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This is a high level opportunity; investors would not be involved with placing liens on property or doing any kind of credit assessment. It is a funding pool, and by participating you are effectively making your funds available to purchase secured notes. If you want to have fine-grained control over the investment then you can originate loans yourself or buy existing notes; this opportunity is for people that want a hands-off approach that provides a reliable monthly return.
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mammabitcoin2u
Sr. Member
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Don't follow the herd~make your own path
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August 11, 2016, 02:10:52 PM |
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This guy is unbelievable. Here is another post where he is offering 47% yearly interest ( ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ): https://bitcointalk.org/index.php?topic=1445230.0He also likes to pretend like he knows what he is talking about... US inflation is not 3-5% buddy. In the past year, it was a whopping total of 0.9%. The year before that... 0.7%. I have already marked this user with negative, I would suggest others do so as well to prevent anyone from falling for this. Ditto above! Tag and release so that account cannot be sold again. BTC-Joe, isn't just unbelievable................he's LAUGHABLE ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I laughed so hard reading through his posts. Get to stepping "BTC-Joe" and creating another name......to bump your post......I literally pissed myself from laughing at your Hard attempts to scam this form.
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