j
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Penguins are very misunderstood!
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Post by j on Nov 18, 2015 21:47:23 GMT
Just seen this on PM. Yield quite low @ 2.8% but I get that with some London properties. I think they're a little optimistic with the capital growth part though @ 12% pa even for London. If a property correction where to happen, London would probably be the first place to suffer the brunt of it due to already highly inflated prices. Any one care to share their views?
Having said that, I lack exposure to London in my small thc/pm portfolio & at £500 it's well worth a pop. I've just talked myself out of not investing!
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pom
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Post by pom on Nov 18, 2015 22:45:12 GMT
I'm pretty certain I'm not going to go for it - I'm pretty nervous of any of the growth figures anyway (and this one even more so with such a huge difference between price agreed and apparent current value) so the yields need to be higher for me. Having said that the house is clearly in much better condition than many of the others so there's perhaps a lower risk of it being vacant....so I may end up throwing £500 in out of curiosity.....if a property sale I'm waiting on completes in time.
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adrianc
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Post by adrianc on Nov 19, 2015 17:35:11 GMT
Somebody else's bargepole, for me.
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webwiz
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Post by webwiz on Nov 19, 2015 19:58:19 GMT
Agree with the above. If I want to invest in London (I don't) I would use Property Partner. I advise PM to stick to what they know, up North.
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ben
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Post by ben on Nov 20, 2015 22:32:03 GMT
Agree with the above. If I want to invest in London (I don't) I would use Property Partner. I advise PM to stick to what they know, up North. I think I will stay out of this one too and go for the Shropshire one instead
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Post by investor191 on Dec 16, 2015 18:04:59 GMT
The funding has dropped from 18% to 9% over the last few hours.
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Post by mirfield on Dec 16, 2015 19:04:37 GMT
The property has now disappeared .....
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adrianc
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Post by adrianc on Dec 16, 2015 19:52:05 GMT
The property has now disappeared ..... No great surprise, if it hadn't even got to 20% in a month. I guess the reduction in %age funded was people being wound out by PM. Wise move, I think. The email for Hartlepool suggested the wide geographical spread of recent offerings was "diversification" - I can't help wondering if THC's strategy of carpet-bombing a relatively small area is a wiser one, as it allows greater depth in the local knowledge.
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ben
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Post by ben on Dec 16, 2015 20:28:46 GMT
The property has now disappeared ..... No great surprise, if it hadn't even got to 20% in a month. I guess the reduction in %age funded was people being wound out by PM. Wise move, I think. The email for Hartlepool suggested the wide geographical spread of recent offerings was "diversification" - I can't help wondering if THC's strategy of carpet-bombing a relatively small area is a wiser one, as it allows greater depth in the local knowledge. got to agree with local area as a) greater knowledge and b) build up relatonships with other business, i.e discount using same estate agent, general workman etc
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ben
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Post by ben on Jan 8, 2016 20:28:39 GMT
SPV 32 has managed to morph itself into a nottingham hmo , with underwritten rent again seems the way PM are going
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jan 8, 2016 20:46:01 GMT
SPV 32 has managed to morph itself into a nottingham hmo , with underwritten rent again seems the way PM are going Slightly lower (predicted) returns than the other 1 or 2 recent HMOs that were in Nottingham alsobut the guarantees on rent, voids & maintenance seem to counterbalance that.
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ben
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Post by ben on Jan 8, 2016 20:50:41 GMT
SPV 32 has managed to morph itself into a nottingham hmo , with underwritten rent again seems the way PM are going Slightly lower (predicted) returns than the other 1 or 2 recent HMOs that were in Nottingham alsobut the guarantees on rent, voids & maintenance seem to counterbalance that. True though not to much lower might just get the one share in this one as recently started PP so will probably try to hold about same in both and see which works best over next 6 months or so
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j
Member of DD Central
Penguins are very misunderstood!
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Likes: 540
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Post by j on Jan 9, 2016 17:47:10 GMT
Progressing nicely. 15% raised in less than 24 hours.
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Post by highlandtiger on Feb 4, 2016 20:09:12 GMT
Only £5k to go and this one is done.  |
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