OG’s Michael Tozoni has this to say about taking out a cryptocurrency mortgage to spend money on actual property:
After turning into rich investing in Bitcoin, Tozoni correctly determined to diversify.I are not looking for dump his cryptocurrencyHe had large plans to borrow cash to purchase an funding property and use the rental revenue to repay the mortgage.
The one downside was that the banks had no real interest in rich Bitcoiners, preferring poor wage slaves as an alternative.
In case you’re bankrupt and haven’t any cash, however you have got a job and a gradual revenue, the financial institution shall be very happy to lend you cash,” he says. “If in case you have some huge cash and a whole lot of investments however no revenue, the banks do not wish to lend you cash.
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