I'd heard about crypto for many years but had never had the balls to jump in and start investing - not until I saw this guy speak and realised the infinite possibilities of crypto and decentralised finance! Meet Richard De Sousa from South Africa. He bought a house using DeFi and scored a fantastic deal, but only after making a major mistake the first time he tried to buy property using his crypto: he actually sold it to pay for the property! But not the second time round... 

Richard was an early adopter of crypto and even started one of the few exchanges in South Africa called AltCoinTrader back in 2015. He's mined an eth or thousand in his lifetime and one day he found the house of his dreams, and sold approximately $267k of his holdings to buy it - a massive mistake because that bag would have been worth $8.5 million today! He says he has no regrets about this because it put him in a stable place in his life, after some capital gains tax - so besides paying the house, he also had to pay the taxman!  

Some years later and he finds an investment property and goes to the bank - and gets declined! The bank didn't decline because of affordability - but rather because most of his holdings were in crypto - and they do not recognise crypto as an asset class. To them, he's as good as unemployed, but with a house title in his name.  To hear the story from the man himself, take a listen to the Blockchain Africa 2020 conference video below: 

In a nutshell: 

• Take a collateralised loan from Oasis.app at 8% APY. No paperwork. No waiting. Deal done. 
• Convert the DAI and buy the property for cash.
• Terms and conditions:
  • Collateral at 160% of loan value.
  • Loan liquidates at 113% of the loan value - crypto gets sold and everyone walks away. No more loan, but house still in Richard's name. 
  • No capital gains tax unless loan is liquidated or closed successfully i.e. paid off.
• After less than a year Richard can close the loan because of the price increase in his collateralised crypto. 
• Did I mention that his capital gains tax bill was minimal? 
• Instead of the investment property costing $43k - it eventually only cost him $13k! 
• And he got to keep the majority of his bag! 

If you're early into crypto then you too can take advantage of your holdings to create opportunities like this. 

Start early. Stack sats. Make money magic!