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Post by highlandtiger on Feb 9, 2016 7:49:03 GMT
The same offer is on the London flats as well. We'll see later today if this was filled from prefunding.
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ben
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Post by ben on Feb 9, 2016 10:37:32 GMT
The same offer is on the London flats as well. We'll see later today if this was filled from prefunding. I will be surprised if this one filled with pre order if they are doing this offer
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ben
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Post by ben on Feb 9, 2016 13:45:36 GMT
This one was even worse 30%, although like the email made it sound like that they are doing that offer for our benefit not there own
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Post by highlandtiger on Feb 9, 2016 21:44:04 GMT
I just think we have had too much of a good thing recently with lots of properties coming in with massive discounts. These two are just not in those leagues, but they are still strong investments in my opinion.
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Post by highlandtiger on Feb 9, 2016 21:49:57 GMT
I'm currently selling a small piece of Murray Court at the moment. Only a £100 or so. Just a an experiment to see how long it takes to sell at a fraction under value. So far since last night I've sold 25 shares out of my 168 I put up for sale. If I sell them before the Hastings property sells out, I'll reinvest in that.
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ben
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Post by ben on Feb 9, 2016 23:13:09 GMT
I'm currently selling a small piece of Murray Court at the moment. Only a £100 or so. Just a an experiment to see how long it takes to sell at a fraction under value. So far since last night I've sold 25 shares out of my 168 I put up for sale. If I sell them before the Hastings property sells out, I'll reinvest in that. The offer has helped a bit as both moved on a little bit
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ben
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Post by ben on Feb 10, 2016 19:25:33 GMT
Shows you how much they must be making though if they can offer double rental yield for a year on both these properties, although no comment on what happens if empty for part of year
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j
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Penguins are very misunderstood!
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Post by j on Feb 11, 2016 23:56:10 GMT
The offer has made some dent on the Hastings prop but not so much the Greenford one so far
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Post by highlandtiger on Feb 12, 2016 9:00:03 GMT
Shows you how much they must be making though if they can offer double rental yield for a year on both these properties, although no comment on what happens if empty for part of year It'll cost them £69,641 to run this promotion, They charge 2% fees for each property, which is a total of £53,202 They charge 10% or so on rent for fees, which will be £6,964. So by waiving their normal fees the promo will cost just under £10k. £10k to get what will be their two biggest ever purchases to date, of £2.7m, over the line, is a drop in the ocean.
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shimself
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Post by shimself on Feb 12, 2016 10:58:33 GMT
Shows you how much they must be making though if they can offer double rental yield for a year on both these properties, although no comment on what happens if empty for part of year It'll cost them £69,641 to run this promotion, They charge 2% fees for each property, which is a total of £53,202 They charge 10% or so on rent for fees, which will be £6,964. So by waiving their normal fees the promo will cost just under £10k. £10k to get what will be their two biggest ever purchases to date, of £2.7m, over the line, is a drop in the ocean. Can you check your figures please, I don't understand
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Post by highlandtiger on Feb 12, 2016 19:52:21 GMT
It'll cost them £69,641 to run this promotion, They charge 2% fees for each property, which is a total of £53,202 They charge 10% or so on rent for fees, which will be £6,964. So by waiving their normal fees the promo will cost just under £10k. £10k to get what will be their two biggest ever purchases to date, of £2.7m, over the line, is a drop in the ocean. Can you check your figures please, I don't understand Not sure what you don't understand, but all the figures can be found on the PP website under the financial tabs for the two properties.
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ben
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Post by ben on Feb 13, 2016 8:21:42 GMT
Shows you how much they must be making though if they can offer double rental yield for a year on both these properties, although no comment on what happens if empty for part of year It'll cost them £69,641 to run this promotion, They charge 2% fees for each property, which is a total of £53,202 They charge 10% or so on rent for fees, which will be £6,964. So by waiving their normal fees the promo will cost just under £10k. £10k to get what will be their two biggest ever purchases to date, of £2.7m, over the line, is a drop in the ocean. I suppose is saves them funding it themselfs, gone for a bit of the Hasting one, although I doubt I be able to sell it on after a year as guess a lot of people will do that not bothered with the London one even double rent is not that attractive
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hazellend
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Post by hazellend on Feb 13, 2016 18:31:09 GMT
I haven't put money into the london one but don't see why it's not attractive. 5% discount and standard yield for london.
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ben
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Post by ben on Feb 13, 2016 20:14:20 GMT
I haven't put money into the london one but don't see why it's not attractive. 5% discount and standard yield for london. I am not a great fan of the London ones and have few few of them the only ones I have in the London are the ones I got at discount on secondary market, cost pretty much knocks out any rental yield on first year on those
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jimc99
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Post by jimc99 on Feb 14, 2016 3:37:56 GMT
Can anyone expand on what happens after 5 years and shareholders are required to vote to sell or not the property? Think this is how it reads?
What if 60% want sell and 40% not to sell? What if the property has fallen in value, etc,etc.
Thanks.
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