Damus
Joe Nakamoto · 4w
Some of my more successful friends and peers who don’t have btc (to my knowledge) are in the process of buying second homes as an SoV, sure but also to rent out I’m pretty excited about bitcoin ...
Black Sheep Rehab profile picture
Real estate is, in many ways a messy business, but for the past many years it has been my business. I left engineering to work construction, remodeling distressed properties for resale or to rent. It has allowed me to directly use my labor to grow my wealth significantly. It also means it’s me or my employees handling ongoing maintenance.

With the right use of leverage it also allows one to tap into the fiat money printer. While the money printer destroys lives and value, it exists, so I use it to my advantage. But I am constantly reevaluating each property and estimating where I think the real estate and BTC valuations are going, to see when it makes sense to exit a property and move that equity into BTC.

I do throw all rental profits into BTC. And so selling a property takes into account decreased ongoing savings opportunities vs a one time equity injection into my cold storage from the sale.

In many ways I’m with you, I’d love to see the monetization of a deteriorating asset end. But with the way money is created today, it still makes sense for me to tap into that printer as close to the source as possible.