/biz/ - Business & Finance

>>23300499

>have money
>waste it for something retarded like a house

ngmi

>>23300499
>Have over 500k in crypto
No you don’t

>>23300499
Pay cash, you faggot.

You should cash out the down-payment, tax, and about $10k cash to float around. You will report this amount as your income and it will be the income level that is used for your credit, taxes, and that sort of thing.

>>23300499
yay karen, I love karen!

>>23300499
take out a crypto loan with blockfi and secure my interest of 8.6%

>>23300510
I mean, LINK was $0.14 three years ago. Literally every not retarded person who has been lurking since 2017-2018 has at least 100-200k USD in their wallet

>>23300499
UwU Karen is so cut i can't

>>23300499
Just have your staking gains pay for your rent for now, you will want to wait for a housing crash, and then buy a couple houses for cash

>>23300534
Thank you Anon, I may do just that. Going to look at how much would be needed for the down payment.

>>23300581
>>23300626
Fellow Patricians of great taste

>>23300666
WASTED

You're not going to get a loan without income because on paper technically you couldn't even afford a 1 dollar payment on the loan.

You need to get a job and some income on paper, you could possibly pay full cash outright for the house on an offset account mortage then redraw back on the loan.

>>23300499
Realtor here
I talk with mortage lenders
lmao if you think you're getting a mortgage without income
and by income I mean 2 years of tax returns
>>23300534
has no idea what they're talking about

Either you're going to need to cash out everything and pay cash for a home, or have 2 years of self employed tax returns/W2s
Just because you have the cash to put as a downpayment doesn't mean shit.

>>23300615
Anything over 10k is a larp here in nu/biz/, might be anything over 5k now. It's become a meme to tell people they don't have as much as they have. I think they are trying to confuse the 'whales' with a networth greater than one months salary and make them think that they don't have as much as they have. Kind of weird because it's all available on the blockchain and additionally most of us use blockfolio or similar to track how much is in our portfolios. Maybe it's envy.

>>23300534
That might work for some things but for a mortgage they will want to see actual paystubs or some other real proof of employment

>>23300534
>getting a mortgage without a job
kek

>>23300669
That shit isn’t going to work retard

I would buy a $200,000 condo/house that you can rent out just so you have diversification. Youre not getting a mortgage without a job

>>23300499
Then cash out like 200k and pay for it straight up? I dont see the issue here. If you don't want to convert it to fiat then don't but youre also not getting a house with no job.

>>23300785
>>23300838
>>23300781
>get out extra $1200
>incorporate
>I haz business see it pay me my salary just enough for down-payment thankies

>>23300725
>>23300781
>>23300785
Even if I had a job, have the issue that I don't qualify for any that'd pay enough to get the mortgage. If I need that level of income on paper I'd have to create a shell company and pay myself.

Guess if it comes to it, with further growth I could give myself the loan on Aave.

>>23301036
If you wait 2 years the landscape will very likely be different enough that you can just use your stack as collateral without selling it.

>>23301007
>>23301137
I'll probably wind up going with either of these plans. Thank you for your help Anon.