spyrogyra
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Post by spyrogyra on Jul 12, 2014 16:22:33 GMT
Anyone tried Crowd2let?
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shimself
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Post by shimself on Jul 18, 2014 22:03:19 GMT
Yes
exemplary communications, really second to none
all seems to be in order, but it's only been a few months
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ejohn
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Post by ejohn on Jul 22, 2014 14:59:07 GMT
I looked at them several months ago as a diversifier to my holdings in the House crowd. They do something very similar. Housecrowd is based in Manchester, although now moving wider, whereas crowd2let are based in Newcastle. Some other differences are that you get 5% on deposited funds in crowd2let. Housecrowd gives a call when they are ready for funds and tends to act one property after the other. Expenses are also dealt in a different way and Housecrowd lets you choose between income only, and income and 50% capital gain.
Can't see much wrong with them. My only point in hesitation was house price increases in Newcastle seemed low at the time - maybe that is now changing.
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Mike
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Post by Mike on Sept 22, 2017 14:20:31 GMT
Anyone got any more up-to-date (or more detailed) experience of this platform?
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shimself
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Post by shimself on Sept 22, 2017 14:33:28 GMT
Anyone got any more up-to-date (or more detailed) experience of this platform? I'm a steady investor. The proof of the pudding is of course when a property sells (the idea is buy to let with a forecast sales date 5 years hence) and we haven't got there yet. All the properties so far are in the North East (NE, DH,SR postcodes). I think it's a sort of secondary activity done by an estate agent and property management company The quality of the communication (meaning I think the boss's writing) is an absolute pleasure to read. You now get "instant rent" from the moment you invest, which makes sense. Investments are from £500 up.
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fp
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Post by fp on Sept 22, 2017 15:24:25 GMT
Have you been with them since 2014 shimself? |
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Mike
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Post by Mike on Sept 22, 2017 16:19:29 GMT
Thanks. I see they don't have a problem with single entities owning more than 50% of an SPV -- wonder how much of an issue that could be when it comes to sale time. I haven't looked at the articles in any of the SPVs but my understanding is that someone with such a holding has the potential to try and have things done their way?
I can't seem to get details of any of the fully funded properties from the earlier days of the platform -- does anyone know when the first sale process meant to be starting?
I agree the 'instant rent' (incentive/cashback) is good. Slightly frustrating they require 2 forms of ID before you can invest anything beyond 2k.
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shimself
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Post by shimself on Sept 22, 2017 18:03:48 GMT
Have you been with them since 2014 shimself ? yes
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Mike
Member of DD Central
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Post by Mike on Feb 13, 2018 16:56:26 GMT
Bumping this since its the only thread here about this site...
Anyone have any experience lending to these guys? They are looking to borrow £50k for a dev project but the structure appears a bit vague to me. Not least which entity is spending the money
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Mike
Member of DD Central
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Post by Mike on Aug 5, 2024 9:21:03 GMT
There is unfortauntely (another) facebook group to join, administration seems all-but guaranteed www.facebook.com/groups/2143133666069539Many SPVs have been left directorless, some have active compulsory strike off notices (address-based issues). July payment not made |
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