ben
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SPV 29
Dec 15, 2015 18:57:21 GMT
Post by ben on Dec 15, 2015 18:57:21 GMT
So who else is invested in SPV 29?
Stupidly I never keep the original figures and now it is no longer showing , so if the offer of £520 pcm any good on the original figures? Although to me I am quite happy with 4.8% yield as the email states
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adrianc
Member of DD Central
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SPV 29
Dec 15, 2015 19:18:32 GMT
Post by adrianc on Dec 15, 2015 19:18:32 GMT
<waves> And I was wondering the exact same thing. Hey, propertymoose - can you help us out? It'd be nice to see the original figures stay available after the loan is funded.
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ben
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Post by ben on Dec 15, 2015 19:20:21 GMT
<waves> And I was wondering the exact same thing. Hey, propertymoose - can you help us out? It'd be nice to see the original figures stay available after the loan is funded. or even better show the calcuations with the new information in it
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SPV 29
Dec 15, 2015 20:02:11 GMT
Post by investor191 on Dec 15, 2015 20:02:11 GMT
I'm not invested in this one, but interested to know whats going on with PM, Please can someone update me with whats happend? Thanks
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ben
Posts: 2,020
Likes: 589
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SPV 29
Dec 15, 2015 20:20:21 GMT
Post by ben on Dec 15, 2015 20:20:21 GMT
I'm not invested in this one, but interested to know whats going on with PM, Please can someone update me with whats happend? Thanks As copied from email As a shareholder in the Haywood Avenue property (SPV 29), we want to give you the opportunity to be involved in the decision making process. As such, you are able to vote on whether the following proposal of underwritten rental of the property by a local specialist agent is acceptable. If the investors vote against this option, we will continue to advertise the property for rental by a private tenant. The rent will be as follows: Rent: £520 p.m Type: Rental Guarantee Background Check: Passed Deposit: N/A Move in Date: Immediate The annual income yield on this property would equate to 4.8% but this would be payable by the agent even if the property is empty. There is also no management charge under this arrangement. So basically seems to be an offer to run under similar system to the latest properties, which I think is probably better as appears to be slightly lower returns but more guaranteed. Although I would like to know how long this is for
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adrianc
Member of DD Central
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SPV 29
Dec 15, 2015 20:29:27 GMT
Post by adrianc on Dec 15, 2015 20:29:27 GMT
Although I would like to know how long this is for 29 is a 2-yr, until 4th Nov '17, then vote on whether to continue or sell. So I'd guess that the deal with the middleman will be until then, minimum. Bit pointless doing a "voids are covered" deal for a very short period, given that ASTs are 6mo minimum.
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SPV 29
Dec 22, 2015 9:37:46 GMT
Post by propertymoose on Dec 22, 2015 9:37:46 GMT
Hi all
I'm very sorry for not coming back to you sooner on this. With trying to close the final properties of 2015 and staff holidays, it has all got a bit hectic!
From the New Year, someone will be monitoring the forum regularly but, until then, please email support or use the chat function on the site if you have any immediate questions.
The underwritten rent on this property shows a net amount received from the agent of £520p.m
The original listing specified £650 gross which then would have £78 management fee deducted, tenants finder fees (£300 with that agent) and assumed deductions for voids (10%) and maintenance. With this option, we calculate that the overall consistent rent under this arrangement would give a higher and more consistent return for investors.
Of course, the flip side is that we could rent the property for full value, never have a void and have no issues with maintenance which would result in a slightly higher return.
Hope that helps
Andrew
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adrianc
Member of DD Central
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SPV 29
Dec 22, 2015 10:46:05 GMT
Post by adrianc on Dec 22, 2015 10:46:05 GMT
Thanks for the clarification. The voting's closed now, I think? I'm happy to go with the managed.
Oh, and cashback on this one's just been delivered - thank you!
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ben
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SPV 29
Dec 22, 2015 11:20:40 GMT
Post by ben on Dec 22, 2015 11:20:40 GMT
yeah i voted for the managed to , which one did it end ?
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SPV 29
Dec 22, 2015 13:04:35 GMT
Post by propertymoose on Dec 22, 2015 13:04:35 GMT
Thanks guys. The vote was in favour of the managed.
We are currently working on a better way of managing the voting system which will be deployed around March time and see it all within your accounts to make things easier.
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SPV 29
Dec 22, 2015 16:45:18 GMT
Post by Financial Thing on Dec 22, 2015 16:45:18 GMT
Thanks guys. The vote was in favour of the managed. We are currently working on a better way of managing the voting system which will be deployed around March time and see it all within your accounts to make things easier. Good stuff propertymooseI would also like the property calculations to be visible after the loan has closed
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Dec 22, 2015 16:59:30 GMT
Thanks guys. The vote was in favour of the managed. We are currently working on a better way of managing the voting system which will be deployed around March time and see it all within your accounts to make things easier. Good stuff propertymoose I would also like the property calculations to be visible after the loan has closed Seconded. It would be nice to access full property info, calcs & all for all registered users even after 100% full funding. Sometimes, we need to make comparisons between figures & geographical areas to make better informed investment decisions on newer SPVs.
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