Idea for a property token exchange. Need some thoughts

[WalletPlus]

I am working on a project.

I am thinking to implement in the future a system (platform) that will allow people to buy property together (homes, apartments, etc.).

This is how would it work.

Let's say a person wants to buy a home and the home cost $100k, he could via our platform make a "token sale".  But he needs to fund 51% of the value with his own money, and the rest can be bought by the token sale. This way he still owns the property and he can still sell it because he is the majority owner of that property (but only the 51%). Now he can buy back the tokens he sold via the token sale, but with an interest rate (interest are pure evil ) or maybe leave to the open market, like via an exchange.

It would be nice if 100% of the token could be sold but that would bring more lawsuits, problems...

I am posting this here because I would love the hear your thoughts?

Cheers

[oneblagobl]

This idea is not very.
I believe that if you immediately sell 100 percent of your tokens, then problems with the court simply will not and should have been.
But still, about the very implementation of the papers and the purchase of their money, the idea is not bad.

[BADecker]

As long as you tell people in clear language what you are doing, without hiding anything from them, lawsuit problem disappears. You will win all the lawsuits if you follow through with your agreement.

In America (USA) if you start a private membership association (PMA), most of the laws can be bypassed by getting people to join your PMA before they can purchase tokens. Why? Because USA government exists to regulate the public, not the private.

There are at least 5 real estate altcoins out there already. Atlant (ATL) is one of them - https://blog.icoalert.com/top-5-real-estate-cryptocurrencies-by-market-cap-948db683bba0.

[SiverSurfer]

You need to expand it to become REIT like, so it't not to own a particular property but a group of property. I prefer to own 0.01% of 100 houses rather than 10% of one if I am just a small investor.

[WalletPlus]

This idea is not very.
I believe that if you immediately sell 100 percent of your tokens, then problems with the court simply will not and should have been.
But still, about the very implementation of the papers and the purchase of their money, the idea is not bad.

I talk with a friend of my and he tells me that is much more complicated and that you can not easily convert popery to tokens because there are no laws set for those type of agreements.

[WalletPlus]

As long as you tell people in clear language what you are doing, without hiding anything from them, lawsuit problem disappears. You will win all the lawsuits if you follow through with your agreement.

In America (USA) if you start a private membership association (PMA), most of the laws can be bypassed by getting people to join your PMA before they can purchase tokens. Why? Because USA government exists to regulate the public, not the private.

There are at least 5 real estate altcoins out there already. Atlant (ATL) is one of them - https://blog.icoalert.com/top-5-real-estate-cryptocurrencies-by-market-cap-948db683bba0.

Not American here

Interesting idea for the PMA didn't know that is possible, why is not everything a PMA

[WalletPlus]

You need to expand it to become REIT like, so it't not to own a particular property but a group of property. I prefer to own 0.01% of 100 houses rather than 10% of one if I am just a small investor.

That was my idea too, and if you can put it on an exchange and make it look like a normal stock exchange, where every single property token can be traded instantly. Allowing you to sell and buy to fits your needs.

[Vod]

(interest are pure evil )

Sweet.  Would you mind sending me a few thousand?  I won't do anything with it but put it in a safe.  I'll give it back to you in ten years.

Does that make financial sense to you?

[Woultries]

That's basically lending with a twist. There is a bit more complexity but it's still lending people money. Crypto-based lending platforms are working (e.g. Bitbond.com), so I think your idea can work.