We often think of stone as the last option when we think about investing. Also, those around you will tell you that real estate alone will increase in value over the long term and, if you need it, you can compensate for that with short term rentals as well. Wincity precisely covers the blockchain and real estate sectors and if you want to know more, here are the details.
Let the diversification of real estate investments begin
Often, when you decide to invest in real estate on a personal basis, you are faced with many obstacles. In truth, to do things right, you need to know the market you are investing in, have a substantial capital, have time to search for properties, and ultimately buy and rent the rare pearl. To break down these boundaries and give everyone the opportunity to make investments, wincity has discovered an authorized approach and that is to distribute financing in the form of NFTs.
The money raised from the sale of each development allows Wincity to raise funds for the purchase of the property. Hence, NFT holders linked to the asset obtain a monthly passive annuity (in Ether) according to the following provisions:
- Monthly rental income: WinCash
- Capital gain on the property, estimated annually: the added value of the Win Capital gain
- Capitalization due to the leverage effect of the financial institution inherent in the remuneration of the real estate loan. You do not pay, but it is added every month to the value of the box: the WinCapital.
With reference to the sale to the public presented by Wincity on its website, you can buy these NFTs in Ethereum, but also in Euros with a credit card. Once you have the non-fungible token, you will automatically start receiving your monthly rewards in your pocket. In short, this offer is enough to intimidate Dad’s agencies.
Masterful management in Lille
After its first profitable operation in Paris, Wincity has launched another collection of NFTs that promises to be interesting on its platform. The goal, this time, is to acquire commercial premises in Lille. The fundraising, through the sale of NFT, went well. After the success of the first operation, investors had honorable expectations.
However, it is unfortunate that the owner of the building that Wincity allegedly acquired decided to exercise his right of first refusal. In French law, the tenant has priority if the property he occupies is placed on the market. Therefore, if its owner makes an offer at the requested value, he cannot refuse it. There was nothing Wincity could do, no matter how much fundraising.
Very practical if this is not the desired state of affairs and therefore, Wincity has reacted completely by offering three choices to its buyers:
- Get a full return on financing;
- Wait for the 4-month interval of the right of first refusal in the hope that the tenant does not promote it;
- Use the funds for a future purchase.
They made an alternative full refund and it was subsequently made in euros. A serious commitment that contrasts with some initiatives.
–
Passionate about cryptocurrencies, NFT and more generally about everything related to Blockain, I share with you all my tips on my blog! Attention, I am not an expert and what I say is absolutely not to be taken as an absolute truth. I am not an investment advisor 🙂
Also find my articles on my account LinkedIn !
—-
–
/cloudfront-eu-central-1.images.arcpublishing.com/ipmgroup/BS4763V6ZNDX5KJYBSMFRXHFC4.jpg?resize=150%2C150&ssl=1)