WhiteRabbit on Nostr: gm - finance friday time. I need help. I feel like this type of talk goes largely ...
gm - finance friday time.
I need help. I feel like this type of talk goes largely undiscussed due to the taboo of potentially selling bitcoin but maybe this helps someone else out in a similar situation too so why not make it public.
I'm buying some land to develop and now in a 30 day due-dilligence period. I have 30 days to figure out the best way to finance the deal without selling corn and incurring a big cap gains bill at the end of the year.
The down payment needed represents a single digit percentage of corn holdings. My first purchase in 11 years of holding and the property is where my daughter will be going to school for the next 13 years.
I own another home which i am not selling (yet) and i have no mortgage either - this house is worth slightly more then the down payment i need to come up with.
So my problem right now is plenty of assets and a lack of lenders to borrow from. My primary bank won't even do HELOC's (Chase). Lenders like Ledn.io charge about 13.4% to get just a 12 month loan. There are a couple other "crypto" mortgage lenders out there but seem too unproven to trust.
Any other creative ideas i'm missing to use OPM (other peoples money) to finance the deal to avoid the cap gains?
Published at
2024-10-25 11:51:01Event JSON
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"content": "gm - finance friday time.\n\nI need help. I feel like this type of talk goes largely undiscussed due to the taboo of potentially selling bitcoin but maybe this helps someone else out in a similar situation too so why not make it public.\n\nI'm buying some land to develop and now in a 30 day due-dilligence period. I have 30 days to figure out the best way to finance the deal without selling corn and incurring a big cap gains bill at the end of the year. \n\nThe down payment needed represents a single digit percentage of corn holdings. My first purchase in 11 years of holding and the property is where my daughter will be going to school for the next 13 years. \n\nI own another home which i am not selling (yet) and i have no mortgage either - this house is worth slightly more then the down payment i need to come up with.\n\nSo my problem right now is plenty of assets and a lack of lenders to borrow from. My primary bank won't even do HELOC's (Chase). Lenders like Ledn.io charge about 13.4% to get just a 12 month loan. There are a couple other \"crypto\" mortgage lenders out there but seem too unproven to trust. \n\nAny other creative ideas i'm missing to use OPM (other peoples money) to finance the deal to avoid the cap gains?",
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