The Reason Why The Real Estate Market Is Prime For A Crypto Disruption

Real Estate Market and Crypto Disruption

The debate about which can be the best of investment can be as old as investing itself. While no marketplace is crash proof, real estate is traditionally seen as one of the best and safest (or even the best) investment choices available, for all reasons.

First, purchasing real-estate also means investing in land, which by its nature is restricted in supply, can’t be made more of as well as is consequently an intrinsically high-value asset. Second, real estate offers numerous ways for generating good comes back. If you lose a renter, you can sell the property, and on occasion even allow it to be your own personal home versus in the event that you spend money on a stock that loses money, you’re left with nothing. Furthermore, compared to shares, the estate that is real though likely to have fluctuations is relatively stable, and tends to appreciate over time. So why don’t more folks invest in real estate? The challenge is that real estate investing has traditionally been confined to high web worth individuals with enough cash on hand to acquire properties. as well as regardless if you are wealthy enough to purchase a rental property, property transaction costs are generally extremely high as well as need a significant timeframe as well as power to close.

The introduction of blockchain and cryptocurrencies has the power to change this paradigm. Many financial insiders continue to see blockchain and cryptocurrencies by way of a skeptical lens, and it is true that the forex market continues to be nascent and evolving. However, blockchain and cryptocurrencies have the opportunity to fundamentally alter traditional real estate investing in a number of good methods, and likewise, property can bring greater stability to cryptocurrencies, making these a safer, more secure investment. Consider this:

Removing or decreasing High Transaction Costs

In accordance with Zillow, home buyers usually pay between two and five % of the purchased home’s value to summarize costs. Closing costs contain a litany of costs, including apps, appraisals, attorney payments, home inspection the list goes on. In addition, there’s cost in terms of sometime energy needed seriously to finish a close; closing time frames has steadily increased in recent years with the estimated time now around fifty days.

Real estate has shown to be a meaty, money generator for different kinds of professional’s agents and brokers, to lawyers, to appraisers and the like also it’s unsurprising that all this work and fees may decrease possible investors. Real estate backed cryptocurrencies, but, would have the ability to change all this. By their nature, Cryptocurrency deals are highly safe, entirely clear and immediate, even across international borders. If an investor had the ability to purchase, hold and trade genuine estate equity in the shape of Cryptocurrency, they might understand the benefits of real estate investments minus the heavy deal fees and legwork that’s often involved.

In summary, Blockchain and cryptocurrencies are still a market that is relatively nascent although they have strong prospective to bring dramatic change to long-established financial markets and operations for example real estate investing. Taking the worlds of Blockchain and estate that is real can open new opportunities for various types of shareholders, streamline cumbersome fees and enable more investors to just take much better advantage of real estate investment opportunities. Real estate asset-backed cryptocoins also give shareholders seeking to dabble in cryptocurrencies the excitability hedge needed to quickly attain an even more risk reward that is equitable for this new kind of currency. In many ways, genuine estate and Blockchain together are a good example of just how to marry 2 investment types within the best possible way.

Learn More How BlockChain Will Change the Real Estate Market

 

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Dr. Joe Johnson of Welfont – Serial Entrepreneur And Venture Capitalist Gets Another Homerun!

 

Fastest Growing Real Estate Brokerage in America

Winning the prestigious INC 5000 award for the Fastest Growing Real Estate Brokerage in America over a three year period is no small accomplishment, but for Dr. Joe Johnson, growing up a missionary kid in Brazil, it’s truly a dream come true.

Johnson, a competitive swimmer in college and captain of his swim team seems to run his business with a heads down and swim for the finish line manner. So, when Johnson saw in year three, that his startup venture, (Welfont) stood a very real chance of placing high in the INC 5000 standings, he and his team put their heads down and in 2017 went all out to finish strong and by year end amassed an astonishing 11,359 percent three-year growth rate. To understand how Welfont got to where they are today, it helps to better understand the journey of Johnson’s life. He started his first business, a landscaping company, while still in high school. He had a truck and earth moving equipment but wasn’t old enough to get a driver’s license. But obstacles like these were just minor inconveniences to him. The solution was simple. Improvise. He just hired kids a little older than him who had their drivers license and he was in business.

Early Bankruptcy

Armed with more enthusiasm than business sense, by age 21 his vision and sales far outpaced his financial and staff resources as well as his operational processes. As he is quick to admit, “Out of pure incompetence, by the time I turned 21 years old, I went bankrupt.”

After Johnson went bankrupt at age 21 (on his lawyers’ recommendation), he worked other jobs and eventually earned enough money to pay off the creditors that he was no longer obligated by law, to pay. Somewhere along the way, Johnson had come to learn that a good name is more important than wealth.

 

First Turnaround

Upon graduating from college, Johnson mailed out 2000 resumes applying for the position of CFO. He received four requests for an interview and exactly one job offer from a failing $12 million tech company which he quickly turned around and was sold for a handsome profit. Doing things on a big scale became the hallmark of his storied career, including earning his doctorate at age 41, in Entrepreneurial Leadership from Regent University.

More Turnarounds

Johnson took over the reins and re-launched the struggling SUCCESS Magazine with a new team, which won “Best Design Launch of the Year Award” and gained over 500,000 in print circulation and was subsequently sold for millions of dollars. It was this type of success that fueled his desire to become a venture capitalist and enjoy more of the fruits of his labor.

That opportunity came in 2011 when he bought an insolvent real estate training company, making it wildly successful, earning a seven figure profit in just the first quarter.

Get Motivated Seminars

But fast forward to 2012, when the opportunity came to buy his former employers flagship company, Get Motivated Seminars, Johnson leveraged his previous success and went “all in”. Unfortunately, the previous owners were in a bitter divorce, greatly complicating the transfer of ownership. By year end, it was over, and the doors closed for good.

Down, But Not Out

Johnson’s love of real estate had become deeply ingrained into his psyche. In 2014, he began a consultancy helping nonprofits utilize the tax laws in Section 170 of the IRS code to acquire underutilized commercial real estate assets. It was the beginning of what became known as the Welfont Group of Companies. It soon became apparent that he could help a lot more folks and build a solid business by adding commercial real estate brokerage to the services his company could provide. Within 36 months, transaction volume grew to hundreds of millions of dollars, becoming the fastest growing real estate brokerage in the history of the Inc 5000.

Success is a Journey

Over the years Johnson, now 43, has created hundreds of jobs through various start-ups and turnarounds while earning his MBA and PhD, personally funded over 15,000 microloans in over 80 countries for underprivileged entrepreneurs, saved one of America’s oldest and best loved business magazines from bankruptcy, acquired over 10 million square feet of real estate nationwide and most recently not only ranked in the INC 5000 as the Fastest Growing Real Estate Brokerage in the country, but also ranked #16 in the top 20 fastest growing companies of all types.

 

 

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