cwah
Member of DD Central
Posts: 949 
Likes: 468
|
Post by cwah on Jun 4, 2018 12:23:28 GMT
Hello guys I'd like to get your view on how best to analyse how likely the loan is going to be repaid for properties. I start with the one I always do: - Check for comparable sold price within 0.5 miles radius on Rightmove: www.rightmove.co.uk/house-prices.htmlWhat else? |
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Oct 10, 2018 7:45:46 GMT
Hello guys I'd like to get your view on how best to analyse how likely the loan is going to be repaid for properties. I start with the one I always do: - Check for comparable sold price within 0.5 miles radius on Rightmove: www.rightmove.co.uk/house-prices.htmlWhat else? Mouseprice I think shows sales throughout past.
|
|
amwinv
Member of DD Central
Posts: 198
Likes: 282
|
Post by amwinv on Oct 18, 2018 20:10:24 GMT
It's 90% down to the quality of the borrower more than anything else. The other 10% is in the hands of the gods.
Do as much DD on the borrower, as the asset itself. On their track record and history. If you find anything you don't like, then don't take the risk if your risk tolerance is low. That's all you can do. Valuations aren't worth a thing really.
Also... Cross your fingers.
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Post by cwah on Oct 18, 2018 20:24:53 GMT
It's 90% down to the quality of the borrower more than anything else. The other 10% is in the hands of the gods. Do as much DD on the borrower, as the asset itself. On their track record and history. If you find anything you don't like, then don't take the risk if your risk tolerance is low. That's all you can do. Valuations aren't worth a thing really. Also... Cross your fingers. How do you check the borrower when the platform wants to keep anonymousity?
|
|
amwinv
Member of DD Central
Posts: 198
Likes: 282
|
Post by amwinv on Oct 18, 2018 21:41:37 GMT
It's 90% down to the quality of the borrower more than anything else. The other 10% is in the hands of the gods. Do as much DD on the borrower, as the asset itself. On their track record and history. If you find anything you don't like, then don't take the risk if your risk tolerance is low. That's all you can do. Valuations aren't worth a thing really. Also... Cross your fingers. How do you check the borrower when the platform wants to keep anonymousity? Buggered if I know. I guess.... The ones where they disclose the borrower (or enough info for you to google) have nothing to hide. So they are the only loans you should be investing in by the sounds of it? If they won't tell you who the borrower is, it's probably because they know you will find info you won't like and therefore won't invest. My risk tolerance is high in someways. I spread evenly over as many loans as possible, mostly regardless of DD, as I don't have the knowledge or time to get to involved. Diversify diversify diversify. Then any losses are small and easily covered by other loans.
|
|
