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.
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
You can also support me in HIVE
