Bitcoin Forum
November 18, 2017, 08:06:52 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: So you want to buy a house. Now what?  (Read 1048 times)
nak
Member
**
Offline Offline

Activity: 74

☛ DarkKnightsCoin ☚


View Profile
November 21, 2013, 10:53:27 PM
 #1

 I'm sure this has been asked a lot already, but if you've got a big stash of bitcoins, say enough to buy a house - how do you get such vast amounts of BTC into fiat?

I read about the guy in Norway,  it how did he manage to actually convert the BTC into a deposit for a house.

☛ DarkKnightsCoin ☚
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
1511035612
Hero Member
*
Offline Offline

Posts: 1511035612

View Profile Personal Message (Offline)

Ignore
1511035612
Reply with quote  #2

1511035612
Report to moderator
mb300sd
Legendary
*
Offline Offline

Activity: 1260

Drunk Posts


View Profile WWW
November 21, 2013, 10:55:37 PM
 #2

Sell slowly on exchange, transfer as needed, make wire transfer to seller when ready.

Thats basically what I did... Taxes are gonna be a bitch this year tho.

The buying process is a lot easier when theres no bank involved. My real estate agent did most of the work.

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
BadBitcoin (James Sutton)
Donator
Sr. Member
*
Offline Offline

Activity: 452



View Profile
November 21, 2013, 11:34:56 PM
 #3

I'm sure this has been asked a lot already, but if you've got a big stash of bitcoins, say enough to buy a house - how do you get such vast amounts of BTC into fiat?

I read about the guy in Norway,  it how did he manage to actually convert the BTC into a deposit for a house.

there should be someone local who might be interested in trading for cash directly, www.localbitcoins.com, however that's quite a bit of money.

it might be possible to find someone who'd be interested in selling their house for bitcoins, I definitely would, if your in a deeply bitcoin penetrated area that could be alot cheaper.
corebob
Full Member
***
Offline Offline

Activity: 224


View Profile
November 21, 2013, 11:52:50 PM
 #4

I think he got it exchanged to fiat using a German exchange. Because of some controversy he was only able to exchange about 25% of he's coins. The rest is on hold, probably because of legal issues.

After that he payed something like 28% tax
Firedrake
Newbie
*
Offline Offline

Activity: 28


View Profile
November 22, 2013, 01:34:30 AM
 #5

Does anybody know what happened here? I can't find any info afterwards...
http://business.financialpost.com/2013/03/21/canadian-bitcoin-house-for-sale/?__lsa=aa7f-c1c9

BitcoinSports.eu ✔ Bitcoin Sports Betting ✔ No Account Needed ✔ Play or Invest (http://www.bitcoinsports.eu)
forevernoob
Hero Member
*****
Online Online

Activity: 676



View Profile
November 23, 2013, 03:08:56 AM
 #6

Say you wanna buy a house for 250k.

Hire 10 runners and pay them a fee of 10%.
Every "runner" will trade your bitcoins on localbitcoins and get cash for it.

This way you won't attract too much attention, especially if you ask the runners to do multiple trades. (maybe 5K each trade?)

Only problem remaining is getting the people selling the house to accept cash.


pr9me
Sr. Member
****
Offline Offline

Activity: 370


Cryptsy.com • Got Shitcoins?


View Profile
November 23, 2013, 04:46:28 PM
 #7

Say you wanna buy a house for 250k.

Hire 10 runners and pay them a fee of 10%.
Every "runner" will trade your bitcoins on localbitcoins and get cash for it.

This way you won't attract too much attention, especially if you ask the runners to do multiple trades. (maybe 5K each trade?)

Only problem remaining is getting the people selling the house to accept cash.



All of this requires a lot of people that you can trust...
forevernoob
Hero Member
*****
Online Online

Activity: 676



View Profile
November 23, 2013, 05:39:48 PM
 #8

Well it's possible to do with 3 people trading 5k intervals.
But then it would take around 16 trades per guy.

Amph
Legendary
*
Offline Offline

Activity: 1694



View Profile
November 23, 2013, 07:58:23 PM
 #9

pay it in bitcoin

problem solved
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!