Sell Your Home and Buy Bitcoin

Who Wants to be a Billionaire?

Selling homes, buying Bitcoin and owning more homes — Why would the trusted L.A. Loft Blog go off the deep end here and tell people to sell their property and buy cryptocurrency? That’s nuts!!! Or is it?  #bitcoin #realestate

Well, first of all, even though the real estate market is softening at the moment, that’s not exactly what this article is about. This is about owning more lofts, not fewer. This is to help more people benefit from being educated about the shape of money to come, and thus end up with MORE real estate as a result.  Because Bitcoin has proven to be the most promising investment of the past 8 years, more people need to know more about it. Bitcoin has already created more wealth faster than any technology ever — with market cap growing by more than $65 billion in the last 5 years.  First of all, we must clarify that not everyone should sell their home and buy Bitcoin. Some, however, have already done just that. The jury is still out on whether it was a mistake for the Yolo Bitcoin Family to sell everything they owned to buy Bitcoin. Was it an extremely smart move? Will the Bitcoin Family get rich or go broke?

This article will explain what makes the difference.  What will make it a mistake versus what will make it a super successful plan to liquidate a house or condo in order invest in a blockchain asset? Selling a home for the purpose of buying cryptocurrency is NOT recommended for most homeowners, so DON’T do it without first reading every word in this L.A. Loft Blog post!

Before we talk about how to turn one home into many homes, lets first review a cautionary tale about the Yolo family.  They were last spotted about a month ago, living in a treehouse.  The treehouse did have a swimming pool, and they appeared to be eating well.  The family did say that they are very much enjoying living a temporarily minimalist lifestyle (otherwise known as poor, and they are also asking for donations). They may really need a lot of help if the current Bitcoin price plunge lasts for much longer. Meanwhile, they are  peddling their Bitcoin knowledge to help make ends meet as Bitcoin is currently in its longest protracted plunge yet.

BITCOIN KNOWLEDGE IS POWER

Corey Chambers Your Home Sold GUARANTEED or I'll Buy It*
Corey Chambers

I like my own Bitcoin knowledge even better than Mr. Yolo’s because I’ve made substantial income from working with both real estate and Bitcoin.  But I’ve got an unusually extensive background in all facets of Bitcoin fundamentals:  economics, computer programming, information systems and investing. The only so-called “Bitcoin experts” whom I recommend listening to are Satoshi Nakamoto (mysterious creator of Bitcoin), Hal Finney (deceased co-creator), Gavin Andresen (trusted keyholder of the Bitcoin code), Craig Wright (a controversial founder) and those who have done significant original coding of Bitcoin.  Others deemed 100% worthy of my trust are esteemed Bitcoin guru author Andreas Antonopoulos, along with Blockchain.com founders Peter Smith and Nicolas Cary.  For me, it was an easy and wise decision to put lots of my money into Bitcoin AFTER I researched it thoroughly.

Now, lets compare and contrast the most successful bitcoin scenarios with the least successful.  Those who sold a $300,000 Downtown Los Angeles loft to buy Bitcoin at 97 cents in 2011, would today have about $1.18 Billion. That’s Billion with a “B”. Yes, mind-boggling, so let’s that reiterate that.  It’s a simple, yet astonishing fact that $300k of Bitcoin purchased in 2011 is today worth more than $1 Billion. In other words, the seller of a typical loft in 2011 could today buy more than 1,427 lofts today had they placed their money in Bitcoin over that 8 years. Of course that number is likely a bit high after considering taxes and other costs, but we can still get the picture. Owning a loft is a uniquely wonderful thing, but just think about what it might be like to own hundreds of them instead of just one.  |  INVESTMENTS

Sophisticated investors already know, and new investors must be aware, that past performance is no guarantee of future results. That being said, recent performance is one of the key indicators that investment professionals use to determine investment worthiness. For Bitcoin and other blockchain technologies, risk is a major factor. Cryptocurrencies have high volatility, are relatively new, intangible, subject to hacking and therefore more risky than real estate. Other factors of investment decisions are interest rates (the cost of borrowing); economic growth (changes in demand), confidence/expectations, technological developments (productivity of capital), availability of finance depreciation, wage costs, inflation, taxes and government policy, opportunity cost and competing opportunities etc.

What NOT to do:

Bitcoin growth leaps beyond astounding, but the extreme downturns have been equally dramatic.  Bitcoin easily drops by 20% very rapidly, and has occasionally dropped by about 80%. Because of the inherent risk of Bitcoin and other cryptocurrencies, I recommend that nobody sell any of their primary assets to buy substantial Bitcoin.  Do not sell your primary residence to buy Bitcoin unless you don’t mind losing your home. Do not sell your retirement funds to buy Bitcoin unless you don’t mind losing your retirement. One sad scenario might be that the Yolo family sold their home along with many of their belongings, put it all in Bitcoin, then say that Bitcoin permanently drops to zero or near zero because a new technology instantly replaces it. The Yolo family said that is a risk they are willing to take.  They said they will successfully start over.  |  COMMENT

So we need to use our imagination to conceive the worse possibility.  Let’s imaging a retired couple hears good things about Bitcoin in ten years, sells their only home, along with al of their retirement funds, and they buy Bitcoin in the year 2029 at $300,000 per Bitcoin (after hearing that it was a sure thing because half the people they know seem to be getting rich trading Bitcoin), and they have no backup plan.  To make matters worse, let’s say they borrowed money that they don’t have from a loan shark so that all of their social security must go to pay the loan shark. Then Bitcoin has its big crash. Multiply that by millions and we get a doomsday scenario that very well might occur in the future, mega-depression, maybe World War 3.  Let’s avoid that.

How to Own Lots of Homes

We want you have more money to own more real estate. Now we kind of know what makes the difference between financial heaven and total crypto meltdown hell when it comes to Bitcoin and real estate. If you’ve weighed the risks and rewards for yourself according to your own needs, and you’re ready to take the plunge, here are some helpful Bitcoin Do’s and Don’ts:

DO:

  • Buy as much Bitcoin as you can afford to lose (Know the basics: Bitcoin.org).
  • Buy Bitcoin during a flat, low cycle (LIKE TODAY).
  • Sell a property to buy Bitcoin if you really don’t need that property.
  • Buy one Bitcoin or more if you have lots of money.
  • Buy less than a full Bitcoin if you can’t afford much (GET FREE BITCOIN).
  • Print and keep your Bitcoin addresses offline on a paper wallet, with one copy in a bank safe deposit box. Protect from hackers, scammers and thieves.
  • Cash out when the time is right (fill out the form below and you will get free updates that you need).
  • Use the gains to buy much more real estate.

DON’T:

  • Buy more Bitcoin than you can afford to lose.
  • Buy Bitcoin during an extremely exciting, frothy, high peak (LIKE 12/15/2017).
  • Sell your only home to buy Bitcoin if you may have nowhere else to live.
  • Fail to buy at least one Bitcoin even though you have lots of money (Get some FREE).
  • Buy too much Bitcoin when you can’t afford much.
  • Keep all of your Bitcoin in online account controlled one company.
  • Be careless with Bitcoin addresses, passwords and logins
  • Sell more than once from the same Bitcoin wallet address.
  • Hold on to Bitcoin permanently (it will eventually have a DISASTROUS CRASH, so fill out the form below and you will get critical updates at no cost).

Here’s hoping that this post helps to create lots of new awareness and wealth by revealing the risks, rewards and appropriate actions so you may take full advantage of today’s surprising and rewarding duo of Bitcoin and real estate.

Get a free list of Downtown Top 10 Best Investment Property Listings and you will automatically free updates about when to buy and sell Bitcoin.  Fill out the online form.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. This is not an offer to buy or sell securities.  Check with a certified financial advisor before investing in Bitcoin or other cryptocurrency. Selling a home for the purpose of buying cryptocurrency is NOT recommended for most homeowners. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.  |  COMMENT

Corey Chambers SoCal Home Newsletter February 2019

LOVE REMEDIES A MULTITUDE OF WRONGS 

Corey Chambers SoCal Home Newsletter Feb
Corey Chambers SoCal Home Newsletter February 2019 – Impactful Real Estate News

February brings in Valentine’s Day, where many of us scramble to make sure those close to us KNOW we love them! After all – Love is a many splendored thing. While love for our family and friends is the most important, I think it’s also important to express my love for helping people find a home where their heart is.  #valentine #coreychambers #news

Valentine’s Day is the unofficial (yet very popular) holiday that reminds us to give cards, candy and gifts to those who are important to us. It stems from thousands of years of fond history around the courtly love tradition associated with Saint Valentine of Rome.  #chla #realestate

My favorite love description is: Love is patient, Love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil, but rejoices with the truth. It always protects, always trusts, always hopes and always perseveres.  |  PDF

corey-chambers-socal-home-real-estate-newsletter-2019-c

 

I could go on with all kinds of examples like – Love Your Neighbor as Yourself, even go all business on you with accolades about how much we love doing business with you, or how much we love your referrals and more – but, the point is we do love helping people sell and buy real estate. And those people say we are good at it!

Please know that my team and I are eager to help anyone you know wanting to make a move so much so that we are willing to make an offer that they will LOVE – AND – the Kids at Children’s Hospital Los Angeles will love too.

For the month of February, anyone considering making a move that you refer to me, we will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them. We just need to agree on the price and possession date with the seller.

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for guiding them in the right direction on getting their home sold!!!

Also included with this month’s newsletter is a story about a very special brother and sister.

Please know that my team and I are eager to help anyone you know wanting to make a move, so much so, that we are willing to make an offer that they will LOVE AND the Kids at Children’s Hospital Los Angeles will love too.

Children's Hospital Los Angele Fundraising

For the month of February, for anyone considering making a move that you refer to me, we will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them. We just need to agree on the price and possession date with the seller.

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for pointing them in the right direction to getting their home sold fast! 

And remember, YOUR REFERRALS really do help Children’s Hospital of Los Angeles… 

Children's Hospital Los Angeles

We are still on a mission to raise $25,000 for Children’s Hospital of Los Angeles. We do this by donating to them a portion of our income from homes we sell. As you may know, Children’s Hospital of LA does miraculous work in helping kids fight through and survive some of the worst life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and more.

Make Children's Hospital your special valentineBUT- they rely on Sponsorships and Donations to continue providing a uniquely supportive and healing environment. Donations also benefit families by helping to keep overall expenses as low as possible.

So, YOUR REFERRALS REALLY DO HELP THESE KIDS! 


Your Referrals Help the Kids!

CHLA BabyWe are on a mission to raise $25,000 for Children’s Hospital Los Angeles (we have already raised over $2,500). Kids under the care of Children’s Hospital are more likely to survive serious diseases and cancer. BUT, Children’s survives because of our sponsorships and donations. So, the Corey Chamber’s Team makes it a point to donate a portion of our income from selling homes to help support the great work that they do. Your referrals REALLY DO help the kids!

Corey Chambers -- Your Home Sold GUARANTEED or I'll Buy It*
Corey Chambers

With that in mind — who do you know that’s considering buying or selling a home? When you refer them to my real estate sales team, not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every home sale to Children’s Hospital Los Angeles. It’s easy to refer your friends, neighbors, associates or family members considering making a move. Go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to those whom you know are considering a move OR you can always call me direct at 213-880-9910.

I want to make it easy for you to refer your friends, neighbors, business associates, or family members considering making a move, so here are some convenient options for you:

1. You can go online to www.ReferralsHelpKids.com and enter their contact info and we’ll take care of contacting them

2. Just pass along the internet address, www.ReferralsHelpKids.com, to anyone you know who might be considering a move

3. Contact us directly at 213-880-9910

I want you to know that you and your referrals mean more than ever to my team and me. As we continue to move forward in 2019, please know we are extremely thankful for you being a special part of our business.

Children's Hospital Los AngelesWith all my appreciation,


Why I Support Children’s Hospital of Los Angeles

I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles, California native, I take pride in supporting in any way that I can the good work these people do at Children’s. My team rally’s around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to their patients. And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.

And remember, I want to make it easy for you to refer your friends, neighbors, business associates, or family members considering making a move, so here are some convenient options for you:

You can go online to www.ReferralsHelpKids.com and enter their contact info and we’ll take care of contacting them, or pass along the internet address directly to them

Contact us directly at 213-880-9910 

 

 

A Brother-Sister Cancer-Fighting Superhero Duo

Here’s a true story about Kalea and Noah—two siblings who are also best friends. Best, best friends. “Oh my gosh, they are completely best friends,” says their mom, Nohea. “From the beginning, their personalities complemented each other perfectly.” Kalea, 6, is the big sister—the sassy, funny, outgoing one who loves skateboarding, riding her bike and playing soccer. Noah, 4, is the mellow, happy, easygoing younger brother —a little more cautious, but always game for whatever adventure his sister is plotting. They’ve spent their young lives doing most everything together. But lately, they’ve been doing something together that no one in a bazillion years could have predicted: battling cancer. And not just any cancer, either. It’s the same cancer. In the same location. At the same exact time. “It’s extremely unusual,” says their doctor, Girish Dhall, MD, Director of Neuro-Oncology at Children’s Hospital Los Angeles. “I’ve been doing this 19 years, and this is the first time I’ve seen a case like this.”

A tale of two MRIs

Kalea got sick first. It was Memorial Day weekend 2018, and Kalea woke up in the morning — and promptly threw up. The rest of the day, she was fine, but the next morning, it happened again. By Wednesday, she was complaining that her head was hurting. The family’s pediatrician sent them to a neurologist, who scheduled an MRI. But the night before that scheduled MRI, Kalea’s headache was so bad, she was in tears. Her mom took her to an emergency room near their Torrance home, and the ER doctor ordered an MRI right there. When he came back with the results, the look on his face told the story. “He looked at me and said, ‘I’m really sorry,’” Nohea says, fighting back tears at the memory. “You just know.” The MRI had revealed a mass in the back of Kalea’s brain. It turned out to be medulloblastoma, one of the most common malignant brain tumors in children. Kalea was admitted to a local pediatric hospital, and three days later underwent surgery to remove the 3.5-centimeter tumor. About a week later, while she was still in the hospital, Noah started complaining about headaches, too. Surely he was just mimicking his sister? But Noah’s gait was a little off, too; it looked like he was leaning a bit. Parents Nohea and Duncan soon found themselves back in the ER, once again receiving stunning news: There was a mass in Noah’s brain, too — in the same spot as his sister’s. Duncan started crying. Nohea felt her whole body, her whole being, go numb. Both their kids had brain tumors? It was too much. “I don’t think I spoke for the first five minutes,” she says. “I was in shock.” Noah had surgery on June 25, exactly two weeks after Kalea. The parents steeled themselves for the battle ahead. Still, one thought gave them comfort. “At least,” Nohea says, “they will be going through this together.” will be going through this together.”

Same cancer,
different treatments

The first thing Nohea and Duncan did after Noah recovered from surgery was to transfer both children to Children’s Hospital Los Angeles. “Our pediatrician recommended CHLA, and we talked to other people who really recommended it,” Nohea explains. “We met with the team and we just felt comfortable. We wanted our kids to be at the best facility possible.” Once at CHLA, the siblings immediately started treatment. Although both had medulloblastoma tumors—which had not spread—and both had their tumors completely removed, their treatment paths differed. Kalea’s protocol began with radiation therapy, followed by a year of lower-dose “maintenance” chemotherapy. But because Noah is only 4, radiation to his brain was too risky. “The younger you are, the more that radiation to the brain can cause significant long-term side effects and impact a child’s development,” Dr. Dhall explains. That’s why Noah entered the Head Start 4 clinical trial, a national trial led by Dr. Dhall at CHLA and Jonathan Finlay, MB, ChB, at Nationwide Children’s Hospital. Under Head Start, Noah would not receive radiation therapy. Instead, he would be treated with six months of intense, high-dose chemotherapy, followed by an autologous hematopoietic stem cell “rescue.”

Brother-sister superheroes

Because Noah was undergoing intense chemo, he had to be hospitalized much more often for his treatment. Kalea, “It was really hard for her because she went home every day after radiation, but Noah was in the hospital and I was in the hospital with him,” Nohea explains. “So her mom was gone, and her best friend was gone. She had a hard time with it.” With CHLA’s support, the family arranged for the kids to often be together when Noah was in the hospital, and the pair became a regular fixture in his room or in the playroom. It helped both of them cope, but particularly Kalea, who understood more about what was going on. “She never verbalized that she was scared for her brother, but you could tell,” her mom notes. “Once she would get to the hospital and start playing with him and see he was OK, her whole attitude changed. It really helped her emotionally.” Another event that lifted their spirits took place in the fall, when Marvel Studios outfitted the family and their CHLA doctors and nurses in superhero outfits for a TV special. Noah and Kalea are big-time superhero fans, and they were outfitted as Spider-Man and Captain Marvel — a brother-sister cancer-fighting superhero duo. Of course, behind every kid superhero is usually a pair of superhero parents, and Dr. Dhall says this is definitely the case with Noah and Kalea. “The parents have such a positive attitude. It’s inspiring,” he says. ‘They’ve really done a great job supporting both of their children.”

A medical mystery

So how is it possible for two siblings to get the same tumor at the same time? That’s a question that the team at CHLA’s Center for Personalized Medicine is trying to answer. Both siblings and their parents have undergone genetic testing through the Center. An earlier test ruled out involvement from the typical genes associated with cancers, but the CHLA team went further — conducting something called whole-exome sequencing, which looks for abnormalities in genes that make the key proteins in a cell. That, too, came up negative. The team is now conducting more extensive testing, called whole-genome sequencing, on a research basis. “We still don’t know why these tumors happened,” says Jaclyn Biegel, PhD, Chief of CHLA’s Division of Genomic Medicine and Director of the Center for Personalized Medicine. “But we don’t give up on these things! We’ll keep looking. Meanwhile, seven months into their dual cancer journey, Kalea and Noah are doing well. Noah completed treatment in early January, and Kalea is on track to finish this summer. “One down, one to go!” their mom says. Of course, no one is more eager for Kalea to finish than her best friend. When Noah received his end-of-treatment medal at CHLA, he proudly wore it all weekend. But he was already looking ahead to an even better moment. “I can’t wait,” he told his parents, “until Kalea has her medal, too.”

How you can help

Who do you know making a move? Refer them to my real estate sales team 213-880-9910 Corey


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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Photos courtesy Children’s Hospital Los Angeles. For real estate information, contact (213) 880-9910 or visit ReferralsHelpKids.com Licensed in California.