poppyland
Member of DD Central
Posts: 237
Likes: 243
|
Post by poppyland on Jan 30, 2018 16:57:49 GMT
What's with all the cheeky people snapping up loan pieces and then dumping them straight on the SM at a premium? I missed out on this when it went live, and had to pay 75p to buy a piece on the SM. Are people really that hard up that it's worth it?
|
|
markr
Member of DD Central
Posts: 766 
Likes: 426
|
Post by markr on Jan 30, 2018 17:01:04 GMT
There appears to be graffiti on a wall towering above and behind the security, Maybe we can persuade Banksy to pop round and increase its value overnight.
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Jan 30, 2018 21:48:16 GMT
What's with all the cheeky people snapping up loan pieces and then dumping them straight on the SM at a premium? I missed out on this when it went live, and had to pay 75p to buy a piece on the SM. Are people really that hard up that it's worth it?Who knows..maybe they were hoping someone would miss out when it went live and hope theyd pay over the top to get some..  ..not quite sure how much they made though..even utilising their ISA..im sure someone more numerate than me could work it out.
|
|
sarahcount
Member of DD Central
Posts: 359
Likes: 815
|
Post by sarahcount on Jan 30, 2018 22:29:12 GMT
Well I'd say that 1% premium on a same day flip ought to be an annualised rate of 365%.
Or to put it another way for all the trouble of arranging your life so that you can be available at go live, have the patience to cope with an overloaded website and the stress of a FFF race you can make a whole quid for every £100 you are allowed to invest. Or 25p if you've really clever and have picked up some bling.
You also have to consider that for that 1% you've probably offloaded one of the better loans on the FS platform and one that you could have kept hold of and used to build up your portfolio.
There's a place for selling on the SM but buying to flip does seem a lot of work for little gain given the restricted amounts that normally apply.
|
|
poppyland
Member of DD Central
Posts: 237
Likes: 243
|
Post by poppyland on Jan 30, 2018 23:19:38 GMT
Well, seeing people flipping loans on the very same day made me smile. I guess the maximum people made is £5 which would pay for a nice bottle of wine with dinner - not bad for a few clicks of a mouse. But I think you're right Sarahcount that holding onto the loan for a bit longer would be a better idea.
|
|
poppyland
Member of DD Central
Posts: 237
Likes: 243
|
Post by poppyland on Jan 31, 2018 20:16:45 GMT
After watching the success of the same day flippers, I'm actually quite impressed with this strategy that had never crossed my mind before. If one could manage a same day flip every day for a month, across various platforms, a £500 float would generate £150 a month, with virtually no risk. So good luck to you, whoever you are!
|
|
sarahcount
Member of DD Central
Posts: 359
Likes: 815
|
Post by sarahcount on Jan 31, 2018 22:07:39 GMT
After watching the success of the same day flippers, I'm actually quite impressed with this strategy that had never crossed my mind before. If one could manage a same day flip every day for a month, across various platforms, a £500 float would generate £150 a month, with virtually no risk. So good luck to you, whoever you are!
Of course flipping opportunities at a premium only come along occasionally and only on really on FS. There is also ABL although they have fewer new loans and most take a while to fill. FC was the main playground of the flippers until last summer when they changed their structure. I know that flippers are less than popular around these parts but I will actually buy from them if I feel the loan is good enough. I suppose that someone with limited funds and available time could get a reasonable return from this strategy though.
|
|
|
|
Post by mrclondon on Aug 30, 2019 23:01:13 GMT
A clockwise tour, starting at the front
Clearly still a building site, with even exterior works on the building still to be completed. (I thought that a recent update predicted July completion ??). The door was wide open at 11:30 this morning, and some timber stacked up near it. However, no vans were parked on the site itself, and only one on the car park for the tower block next door. IIRC the tall fence between the tower block car park and this property is a new addition since the original VR.
Part of the building juts out slightly into the adjacent car park, the upper windows look on to 2 rows of 20 green garage doors.
I think we have to be thankful that planning for conversion to a HMO was achieved, there feels little other practical use for this building.
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Aug 31, 2019 2:34:44 GMT
thanks for visiting this and other sites- much appreciated although I wonder why the hell we have to rely on people like you rather than FS!
|
|
morris
Member of DD Central
Posts: 272
Likes: 155
|
Post by morris on Aug 31, 2019 6:46:33 GMT
thanks for visiting this and other sites- much appreciated although I wonder why the hell we have to rely on people like you rather than FS! My thoughts as well. Why can't FS send someone round loan sites to take a view snaps for our and THEIR benefit.
|
|
rookey123
Member of DD Central
Posts: 75
Likes: 130
|
Post by rookey123 on Aug 31, 2019 8:10:54 GMT
Thanks for visiting, appreciate this. I agree that the HMO license with a low LTV gives me comfort. This one will be fine.
|
|
arby
Member of DD Central
Posts: 910
Likes: 959
|
Post by arby on Aug 31, 2019 8:25:04 GMT
Thanks for visiting, appreciate this. I agree that the HMO license with a low LTV gives me comfort. This one will be fine. This is one of my smaller holdings and I've never been too worried about it, but the lack of apparent urgency with so many of the loans always baffles me considering the interest being racked up.
|
|
arby
Member of DD Central
Posts: 910
Likes: 959
|
Post by arby on Nov 8, 2019 14:49:11 GMT
On the plus side, a repayment of £85k + full interest for 14 months is fantastic.
On the other hand, it just means I now have another £1k staring at me with no way of accessing it, just in a different pot to before!
😂
|
|
nyneil
Member of DD Central
Posts: 349
Likes: 438
|
Post by nyneil on Nov 8, 2019 15:27:14 GMT
On the plus side, a repayment of £85k + full interest for 14 months is fantastic. On the other hand, it just means I now have another £1k staring at me with no way of accessing it, just in a different pot to before! 😂 At least it's in cash, so it can't be sold off cheaply 
|
|
arby
Member of DD Central
Posts: 910
Likes: 959
|
Post by arby on Nov 8, 2019 15:29:38 GMT
On the plus side, a repayment of £85k + full interest for 14 months is fantastic. On the other hand, it just means I now have another £1k staring at me with no way of accessing it, just in a different pot to before! 😂 At least it's in cash, so it can't be sold off cheaply Correct, it can be paid fully to the people selling off the loan book cheaply.
|
|
..not quite sure how much they made though..even utilising their ISA..im sure someone more numerate than me could work it out.
