Imothep
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Post by Imothep on Aug 6, 2018 17:50:08 GMT
Exactly - and we don't know what's what with the tenants. They could be fine or they could be smashing up the place and not paying the rent. Or they could get funny and report the owner to the council for letting an alleged sub-standard house (it has happened to me). As I have said before I am in this game and there is no way my profit margin would cover 20% p.a. interest. OK I may be rubbish but I don't need to borrow from FS although to be honest I have been tempted considering how many free loans they give out! I normally buy my properties at least 30% below guide and often 50%...very cheap plot of land in Whitehaven if anybody is interested along with powerboats,yachts, park homes etc. Rumours that JC plans to tax kosher BLT sandwiches are totally untrue but I hate to think what he would do the the BLT housing market... yes , you buy properties at 30% often 50% below guide , in london , i doubt it ? brexit , cooling , in the news , nationwide says , with respect that’s your opinion and what’s in the news. i work the london market , that’s my gig , i’m good at it , i make plenty of money doing it , i use main stream lenders/ development banks , bridge loans and yes p2p, in a quick moving market you need to have access to ALL streams of debt , from base plus 2 with 1 on the in and 1 on the out , and 1 a month as well if you need it , if you buy it right , it doesn’t matter if you pay 3% or 12% , if it doesn’t work because of the difference you ain’t bought right . and i can tell you , that the 1-3M is moving in west london / north / hamstead etc , there is a lack of stock , not opinion , that is fact , you can’t buy at a discount , you need to pay the going rate , again fact , from a local , that knows the market...
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number5
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Post by number5 on Aug 6, 2018 17:55:52 GMT
I moved from FC to FS about 10 months ago, now the talk of everyone withdrawing from FS...where are you all moving to? In current situation "withdrawing" doesn't mean much. I have a lot of parts for sale at maximum discount, but nothing sells. If by some magic I could sell them, I would distribute funds across GS, LC and Welendus. I have a lot for sale at generous discounts as well...but also hardly anything is really selling! Can't say I know much about any of those 3...anything in particular that is drawing you to them?
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adrian77
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Post by adrian77 on Aug 6, 2018 20:17:40 GMT
Congratulations at being very good at developing and making lots of money . I tend to be more self-deprecating which came about after I lost a massive amount of money when playing Russian Roulette with far too much borrowed money and was caught out by a market crash. Do I invest in London - do I hell! Here is the article about London falling prices and the Nationwide research which I was referring to and hence not my opinion www.ft.com/content/a9e89eb4-79cf-11e8-bc55-50daf11b720d This is an interesting one but for me too much of a risk I may well be wrong but time will tell. And there is still the Brexit effect which may or may not be detrimental... |
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Imothep
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Post by Imothep on Aug 6, 2018 20:40:59 GMT
Congratulations at being very good at developing and making lots of money . I tend to be more self-deprecating which came about after I lost a massive amount of money when playing Russian Roulette with far too much borrowed money and was caught out by a market crash. Do I invest in London - do I hell! Here is the article about London falling prices and the Nationwide research which I was referring to and hence not my opinion www.ft.com/content/a9e89eb4-79cf-11e8-bc55-50daf11b720d This is an interesting one but for me too much of a risk I may well be wrong but time will tell. And there is still the Brexit effect which may or may not be detrimental... self deprecating , with respect you have an opinion on every single loan on here , every one especially FS stuff who you really seem to be gunning for along with a few others ... “ i’m not in this one but ....” ... most including myself got burned in 07, however , that’s irrelevant , W8 , W11 , NW3 flying , lack of stock, deals closing and completing , the 4M + is struggling ... london is and always will be the safest market to develop in , limited supply , buy it right, it’s not difficult. and the ft , credible ....😂 post note - and i like many others have invested in some bad loans , as well as soon great ones on the FS platform, but at 12% i invest what i can afford to lose , it’s high risk high reward asset or no asset
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Post by df on Aug 6, 2018 21:16:20 GMT
In current situation "withdrawing" doesn't mean much. I have a lot of parts for sale at maximum discount, but nothing sells. If by some magic I could sell them, I would distribute funds across GS, LC and Welendus. I have a lot for sale at generous discounts as well...but also hardly anything is really selling! Can't say I know much about any of those 3...anything in particular that is drawing you to them? GS - 5.3%, very little cash drag, provision fund, easy exit (you can't sell loans, but they all are 1 month in length), very little maintenance needed. I've been investing on GS for about15 months and never lost any money. Reinvestments take 1 or sometimes two day, so with this cash drag I'm probably getting around 5.1-5.2% return, which I consider decent for virtually no work involved. Welendus - it is new, lending started January this year and took off slowly, I was also drip feeding as oppose to invest all in one go, so it is difficult to estimate what the annual return will be, but at the moment mine stands as 5.8% and I expect it to be higher this time next year. Provision fund covers the capital, if the loan wasn't repaid 7,14,30 (you can chose one of these three for each investment) days after deadline, PF buys the loan - so the worse scenario (providing the platform itself doesn't collapse) is you don't earn any interest on that particular loan part. Similarly to GS, I consider investing on Welendus on a lower side of risk scale and it doesn't require much maintenance. LC - I see it as a better version of FC. I think their DD is much better, my actual returns have always been above 9% so far. I don't use any black box options, only manual, so it requires some attention, but it worth the return. I like amortising loans and LC has a good loan flow, not as plentiful as FC, but enough to get my returns reinvested and I keep adding more cash to fund new loans. It's more risky than the other two, but not as risky as FS. I don't regret investing on FS, but regret investing too much. 11% of my p2p pot is in FS, which is too high for such high risk platform.
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number5
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Post by number5 on Aug 7, 2018 7:06:36 GMT
I have a lot for sale at generous discounts as well...but also hardly anything is really selling! Can't say I know much about any of those 3...anything in particular that is drawing you to them? GS - 5.3%, very little cash drag, provision fund, easy exit (you can't sell loans, but they all are 1 month in length), very little maintenance needed. I've been investing on GS for about15 months and never lost any money. Reinvestments take 1 or sometimes two day, so with this cash drag I'm probably getting around 5.1-5.2% return, which I consider decent for virtually no work involved. Welendus - it is new, lending started January this year and took off slowly, I was also drip feeding as oppose to invest all in one go, so it is difficult to estimate what the annual return will be, but at the moment mine stands as 5.8% and I expect it to be higher this time next year. Provision fund covers the capital, if the loan wasn't repaid 7,14,30 (you can chose one of these three for each investment) days after deadline, PF buys the loan - so the worse scenario (providing the platform itself doesn't collapse) is you don't earn any interest on that particular loan part. Similarly to GS, I consider investing on Welendus on a lower side of risk scale and it doesn't require much maintenance. LC - I see it as a better version of FC. I think their DD is much better, my actual returns have always been above 9% so far. I don't use any black box options, only manual, so it requires some attention, but it worth the return. I like amortising loans and LC has a good loan flow, not as plentiful as FC, but enough to get my returns reinvested and I keep adding more cash to fund new loans. It's more risky than the other two, but not as risky as FS. I don't regret investing on FS, but regret investing too much. 11% of my p2p pot is in FS, which is too high for such high risk platform. Cheers for the detailed summary of each of those. Really like the sound of GS and W, but the returns although really good compared to your standard savings account but for risk of p2p I do prefer more around the 9%+. LC sounds like one I would consider, I am likely to give FS a couple more months and if the liquidity does not revert back to how it was a few months ago I will look to move. I currently am over invested in FS!
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Post by boudicca on Aug 7, 2018 9:50:50 GMT
GS - 5.3%, very little cash drag, provision fund, easy exit (you can't sell loans, but they all are 1 month in length), very little maintenance needed. I've been investing on GS for about15 months and never lost any money. Reinvestments take 1 or sometimes two day, so with this cash drag I'm probably getting around 5.1-5.2% return, which I consider decent for virtually no work involved. Welendus - it is new, lending started January this year and took off slowly, I was also drip feeding as oppose to invest all in one go, so it is difficult to estimate what the annual return will be, but at the moment mine stands as 5.8% and I expect it to be higher this time next year. Provision fund covers the capital, if the loan wasn't repaid 7,14,30 (you can chose one of these three for each investment) days after deadline, PF buys the loan - so the worse scenario (providing the platform itself doesn't collapse) is you don't earn any interest on that particular loan part. Similarly to GS, I consider investing on Welendus on a lower side of risk scale and it doesn't require much maintenance. LC - I see it as a better version of FC. I think their DD is much better, my actual returns have always been above 9% so far. I don't use any black box options, only manual, so it requires some attention, but it worth the return. I like amortising loans and LC has a good loan flow, not as plentiful as FC, but enough to get my returns reinvested and I keep adding more cash to fund new loans. It's more risky than the other two, but not as risky as FS. I don't regret investing on FS, but regret investing too much. 11% of my p2p pot is in FS, which is too high for such high risk platform. Cheers for the detailed summary of each of those. Really like the sound of GS and W, but the returns although really good compared to your standard savings account but for risk of p2p I do prefer more around the 9%+. LC sounds like one I would consider, I am likely to give FS a couple more months and if the liquidity does not revert back to how it was a few months ago I will look to move. I currently am over invested in FS! 21 loans now available.
- is it likely that liquidity will return to normal soon ?
- are there many large loans nearing repayment ?
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number5
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Post by number5 on Aug 7, 2018 9:55:05 GMT
Cheers for the detailed summary of each of those. Really like the sound of GS and W, but the returns although really good compared to your standard savings account but for risk of p2p I do prefer more around the 9%+. LC sounds like one I would consider, I am likely to give FS a couple more months and if the liquidity does not revert back to how it was a few months ago I will look to move. I currently am over invested in FS! 21 loans now available.
- is it likely that liquidity will return to normal soon ?
- are there many large loans nearing repayment ? I agree, I'm living of the hope of that we went through a similar phase when the financial year end was approaching and there were a lot of loans on for sale at -1%. Liquidity eventually stabalised and the SM looked good. However this time there are also an additional 20+ loans on the PM. Can't say I feel as hopeful this time around
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Post by df on Aug 7, 2018 10:38:17 GMT
21 loans now available.
- is it likely that liquidity will return to normal soon ?
- are there many large loans nearing repayment ? I agree, I'm living of the hope of that we went through a similar phase when the financial year end was approaching and there were a lot of loans on for sale at -1%. Liquidity eventually stabalised and the SM looked good. However this time there are also an additional 20+ loans on the PM. Can't say I feel as hopeful this time around I'm not too hopeful. I think FS got into a similar situation as Lendy. Too many loans in default results in investors don't have enough returns to reinvest and many are panicking and want to withdraw all their funds from platform. I'm not panicking yet because some of them are likely to renew and all my property loans are set on "orange", but for now I paused any further investments in property loans.
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Post by boudicca on Aug 7, 2018 10:49:02 GMT
Notice there are quite a few new loans in the list.
How long are new borrowers prepared to wait for their loan, perhaps some will get canceled if they have to wait too long.
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number5
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Post by number5 on Aug 7, 2018 10:59:26 GMT
I agree, I'm living of the hope of that we went through a similar phase when the financial year end was approaching and there were a lot of loans on for sale at -1%. Liquidity eventually stabalised and the SM looked good. However this time there are also an additional 20+ loans on the PM. Can't say I feel as hopeful this time around I'm not too hopeful. I think FS got into a similar situation as Lendy. Too many loans in default results in investors don't have enough returns to reinvest and many are panicking and want to withdraw all their funds from platform. I'm not panicking yet because some of them are likely to renew and all my property loans are set on "orange", but for now I paused any further investments in property loans. I have not started to panic to the extent of selling up everything at -1% and getting out either. However I am getting a little anxious. To date I have not had a loan to term, as I don't fell comfortable with the risk attached to it. I have always manged to sell the loan on the SM before the 30 day cut off. At the moment I am 69 days away from being stuck in one and if that doesn't sell, that will be the point for me where I move leave FS I think.
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number5
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Post by number5 on Aug 7, 2018 11:22:40 GMT
I have not started to panic to the extent of selling up everything at -1% and getting out either. However I am getting a little anxious. To date I have not had a loan to term, as I don't fell comfortable with the risk attached to it. I have always manged to sell the loan on the SM before the 30 day cut off. At the moment I am 69 days away from being stuck in one and if that doesn't sell, that will be the point for me where I move leave FS I think. Unfortunately that will simply be the point when you realise you are stuck with lots of money in the platform. Already now it is close to impossible to sell anything (very little to no buyers at all), and if the trend continues more and more lenders will add their parts on sale at -1% and the queue will only get longer and longer... That is a scary thought which I have tried not to think about yet, hoping that the SM recovers ASAP...If not I will have to pray and hope that those loans are renewed, giving me a larger return than I would have anticipated and also a chance to get out ASAP!! I am currently in a position where I am already at -1% discount on the older loans and can do very little to get out of it
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Post by boudicca on Aug 7, 2018 11:23:35 GMT
I have not started to panic to the extent of selling up everything at -1% and getting out either. However I am getting a little anxious. To date I have not had a loan to term, as I don't fell comfortable with the risk attached to it. I have always manged to sell the loan on the SM before the 30 day cut off. At the moment I am 69 days away from being stuck in one and if that doesn't sell, that will be the point for me where I move leave FS I think. Unfortunately that will simply be the point when you realise you are stuck with lots of money in the platform. Already now it is close to impossible to sell anything (very little to no buyers at all), and if the trend continues more and more lenders will add their parts on sale at -1% and the queue will only get longer and longer... I think a large repayment or two will make a big difference, question is, when will that happen, which large loans are currently close to repaying ?
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kielbasa
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Post by kielbasa on Aug 7, 2018 11:28:17 GMT
21 loans available, over £3.3 million waiting to be filled.
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number5
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Post by number5 on Aug 7, 2018 11:32:10 GMT
Unfortunately that will simply be the point when you realise you are stuck with lots of money in the platform. Already now it is close to impossible to sell anything (very little to no buyers at all), and if the trend continues more and more lenders will add their parts on sale at -1% and the queue will only get longer and longer... I think a large repayment or two will make a big difference, question is, when will that happen, which large loans are currently close to repaying ? I could really do with some big repayments...only fear is that these people will withdraw the money, rather than re-invest with FS
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