5 years of investment, over 80% profit!
I have honestly never had this sort of returns in my entire life (other than BTC, but then there was another sideline stupid story to it, which I will not talk about)
However, this is REAL....
Ever since I heard about this pair of brothers who wanted to start an idea of "share holding tokenisation" of properties so that people can afford holding a property of their own, which was a little over 5 years ago with their advertisement "as little as $50 USD, you could own a property share" struck my interest and put my trust in almost $58 USD (that was about MYR238 at the time, how inflation has cost everything...), today, I had my very first experience of a proper profit in this tokenised property investment model.
My very first token purchased of a Florida property share in 2020, getting my first first 4 cents week rent has really come a LOOOOOOONG WAY. I kept all the rents until the introduction of xDAI Gnosis chain and I started withdrawing my rentals to pay off bills, and some I reinvested to get another token of another property.
This property actually went through a lot of horror the last 5 years, particularly when the hurricane and flood damaged the house. Often weeks there were no rent, but I just kept it aside.
Until I suddenly noticed that the price of the token.... went over 80% of its value!
I could have just kept it since the value of the property there is so good, but also I got to learn how to "detach my feelings" with the things I have that is generating income, especially when its weekly "dividend" (% share rent from the tenant) has been decreasing.
Besides, I have never sold off a token from this company before, which would not complete my testing of buying of selling experiment
And I have to do it, even if it takes 5 years later.
The company and its interface has evolved a lot throughout the years, and I am glad that it is not overly hard to navigate to get the token found and to sell off.
However, it is important that this is a service platform where the company has graciously given people outside USA to have a chance to be "part of the shareholder group" and that obviously will come with service fee.
The good thing is that this company's service fee isn't a lot, and I am forever grateful to that.
Especially when the yearly "dividend" (of rent) has dropped 5 cents a year. I think it is best to move on.
And it requires 10 working days to validate and process
But if you are a verified shareholder, there should not be any problem.
With the income that I have in hand, I have decided to split to half as re-investment, hopefully (fingers crossed) that after 5 years it will have better value (and yes, Mexico is an unusual place to invest real estate upon). This is not a financial advice, but after looking through all the properties (in and limited outside US), this was one that I felt more "at peace", compared to my other share token located in Michigan that now yields ZERO rent returns because of corruption (of the building manager) and a lawsuit is ongoing to resolve this chaotic confusion with the local authorities the company is dealing with.
Other than that, rent are still coming. I still get around $1 a week because of other tokens and I am grateful for it.
Yes, the rents go straight to your wallet, so you literally don't have to worry unless your wallet is hacked
Did I make the right choice?
Well this is not financial advice, but I have been snowballing all the fractions of rents I received to re-invest, and to get my first investment all back in cash to settle bills with first successful ROI (Return of Investment) I think I am just grateful and happy.
@khimgoh asked me early did I ever get back my returns; now I can safely say, "yes! I do" now.
Until Then
Stay healthy, stay curious and learn new things, and stay happy!
If you would like to give some encouragement outside HIVE with some fiat backing, please feel free to visit: https://www.buymeacoffee.com/littlenewthings
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5 years of patience really paid off! 👏 It’s inspiring to see how you stuck through the ups and downs even with hurricanes, rent drops, and all the setbacks and still came out with over 80% profit. That’s huge, especially since you also gained the experience.
I really like how you mentioned “detaching feelings” from the investment when it was time to sell. That’s such an important mindset for long-term investors. Reinvesting part of the profits into Mexico sounds like an exciting next step too.
Congrats on your first full ROI 🚀 😁
Yeah, even for those who do trading, it is even more important to have this "detachment" mindset.
I actually was hoping to sell it when I get my ROI through rent; but since this property is obviously on a higher risk side though the location value has increased I think partly also because of the election, I better take the 80% profit and then repeat the cycle on new uncharted waters. 😁
Malaysians are eligible to invest once KYC is done properly, though on the down side, but the up side is that because the amount is so small can barely tax also.
That is perfect the most important thing is profit hehe
no tax is a bonus.
If in US, little bit also tax 😅
That is true the tax doesn't make sense 😂
Some more if it is services, need to tip also
that's wild 5 years for 80%. i do crazy stuff that 80% can come in few minutes haha but even can go -50% jsut as fast
Yeah, but then you got to see, this is real life property we are talking about. It is not volatile. Haha
i know o.o but for 5 years I feel macam not that good. crypto cycle itself 4 years. bottom of the 4 year cycel u run up alr 5-10x maybe even 100 depending on what you buy o.o
But this is not Crypto. Real Estate in blockchain techonoly on the chains that has been around since 2015.
All these are settled in stable coins, from a real property agency for more than 2 decade experience
is it not crypto. You paid with it in crypto no and you sell it for crypto no? stable coin is crypto? I don't know I still consider it part of crypto
Crypto is the type, which is on the blockchain.
The property is real, the deed / "S&P" agreement is real (by reputable legal service) but signed with the property agency that holds the property, but everything else transact into crypto stablecoins (USDC / USDT / xDAI) in its chain.
As long as the chain is up and it is still active, yes, it has value because the technology still has the value.
ya I get that but I feel it's crypto if you using stable coins to transact. if they didn't use stable coins and took bank transfer then i wouldn't consider it crypto
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Wow! 5 years ago when you told me I didn't believe you, and now you finally have some good harvest!
So far has all your property investments all increased this much??
Yeah! I am glad that after 5 years I saw the property value went up, so is the token! Now I can split both investment and pay bills! That's God's blessing!
Impressive! I want to learn from you.
By the grace of God I was very fortunate to have taken the step of faith.
It does have to do with location
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Congratulations to your impressive achievement! Patience have paid offAN, KL, KT, MK