Since 2021's mega gains in cryptocurrencies, I've been encouraging clients to use their crypto to invest in real estate. Usually this entails converting crypto into FIAT and using it to buy real estate. This puts your assets into a less volatile market. However, if you have the HODL mentality (Hold On for Dear Life), you can now hold on to your Bitcoin or Ethereum and use it to back a home mortgage as low as 0%! Propy and Abra have teamed up to facilitate the process.
Propy, one of the pioneers in blockchain based real estate transaction, announced the partnership in a recent press release. Abra, a leading digital asset wealth management platform, has already processed over $1 billion in crypto-backed loans to date. With mortgage rates rising, this provides a tremendous opportunity for those with large amounts of digital assets to get US Dollars at low interest rates to purchase real estate.
Reach out to me if you want to learn more. I am always happy to talk and help you build wealth through real estate! You can contact me HERE.
Sources:
Business Wire - Propy and Abra Announce Partnership to Enable Crypto-Backed Real Estate Transactions
Propy - Propy partners with Abra to expand crypto-backed lending options to home buyers
