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Post by takesyourchances on Sept 20, 2018 16:41:43 GMT
Interested in others thoughts on PP and proeprty crowdfunding in general. I also have property investment trusts.
At present I have 4K invested with property parnter and interested what others have invested with PP, I have a view to increase my holding which I started this year.
I quite like the platform set up and dividends have been paid on time each month. While the investments are in SPV's and ring fenced, does anyone have any thoughts on the stability of property partner?
(It certainly is not a P2P Collateral gong show set up which I am in but thoughts more on the future of property partner more)
The new CEO and team seem to be working well at property partner and just read todays email too. Reading some financial blogs, the real estate crowd funding seems to be popular in the US on some of the US based bloggers sites more so than on these shores, also I see the yield is higher in the US. I like the concept of it and am thinking to increase my investment slowly towards 10K along side my other investments as a first target.
I see it as a way of getting BTL exposure, without the hassles of being a landlord with a single property, but will be adding to my other S&S investments and IT's etc this would be an addiional string.
I have found it interesting how some of the US FIRE bloggers are using property crowdfunding States side.
Interested in others thoughts on PP / property crowdfunding as part of a wider portfolio and pleased to find a forum on PP here.
Thanks.
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rick24
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Post by rick24 on Sept 22, 2018 17:18:10 GMT
I have about 5.6K on the platform. It seems well run. However, I am reluctant to commit more until PP makes a profit. From memory, they say that the portfolio could be taken over by another operator if they failed, but would it? And if not, how do we recover or manage our property. Another bugbear: resale prices for properties that I wanted to sell are equal to or less than what I originally paid, i.e. well below the theoretical valuation. That's not what I call liquidity. For the sake of balance: more recent, higher-yield properties do command a premium.
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Post by takesyourchances on Sept 22, 2018 17:47:47 GMT
I have about 5.6K on the platform. It seems well run. However, I am reluctant to commit more until PP makes a profit. From memory, they say that the portfolio could be taken over by another operator if they failed, but would it? And if not, how do we recover or manage our property. Another bugbear: resale prices for properties that I wanted to sell are equal to or less than what I originally paid, i.e. well below the theoretical valuation. That's not what I call liquidity. For the sake of balance: more recent, higher-yield properties do command a premium. Good points made, I feel it is well run, but part of me is reluctant as well so it is good to get thoughts of others investing in PP and property crowdfunding in general as there does not seem to be a lot of interaction on it in the UK.
That is the thing Platform failure which I know too well from Collateral and would another operator pick up the properties. I have not tried to sell anything but bought bits on the secondary market and liquidity is also in my mind if started to increase much higher than 4K, I have been buying at £250 per property.
I think this is were the REIT's have the edge it seems as they can be sold on the stock exchange (assuming no major problems at the time) and would have better liquidity and in ISA's etc.
I think the Crowdfunding concept is a great idea but things you pointed out too are in the back of my mind before I would go too heavy in and may just keep it not too high and add here and there along with other investments.
Thanks for the input, would love to see bit more interaction on property crowdfunding in general so appreciate it.
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rick24
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Post by rick24 on Sept 22, 2018 18:02:50 GMT
I agree about the REITs. You have instant liquidity (but not necessarily at a profit) and the benefits of untaxed dividends in an ISA. I hold some in my ISAs.
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Post by takesyourchances on Sept 22, 2018 20:36:58 GMT
I agree about the REITs. You have instant liquidity (but not necessarily at a profit) and the benefits of untaxed dividends in an ISA. I hold some in my ISAs.Yes although the price may not be what you want, there is way more liquidity which needs to be taken into consideration and the untaxed ISA. I hold Standard Life Investment Property Income, f&C commercial property trust and tritax big box in my ISA so far, I think I will carry on increasing these and just add to PP here and there, I may cap PP at 5K and see how the platform does and how things go as the 5 years comes up etc.
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beh
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Post by beh on Sept 23, 2018 15:05:18 GMT
I feel comfortable with PP, it does seem to be a professional set up run by serious people.
It needs more users and I feel they've perhaps struggled to attract enough of our size (4 figure sums, couple hundred per property) which is a shame. Or might have just exhausted the relatively small number of people that would potentially invest given it's still quite an exotic proposition. Although they've seemingly had some success going after ~HNW investors in the last year. Better for everyone involved if the properties remained on the platform at the 5 year exit but it won't work without significant liquidity.
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Post by takesyourchances on Sept 24, 2018 17:05:50 GMT
I feel comfortable with PP, it does seem to be a professional set up run by serious people. It needs more users and I feel they've perhaps struggled to attract enough of our size (4 figure sums, couple hundred per property) which is a shame. Or might have just exhausted the relatively small number of people that would potentially invest given it's still quite an exotic proposition. Although they've seemingly had some success going after ~HNW investors in the last year. Better for everyone involved if the properties remained on the platform at the 5 year exit but it won't work without significant liquidity.
It does seem to be professional with a good team of people with strong property backgrounds, there is a lot I like about it.
I agree on your thoughts and with struggling to attract users with our sizes of 4 figure type sums. Each time I invested has been £250 plus the fees per property. I think I read there was around 11,000 investors.
If they had a lot more investors like us it would be good for them as well as the HNW investors, at £250 per time the thousands would start to go up and it would not take long for the likes of myself or yourself to reach the 10K mark.
I want to hold to term of 5 years, I just hope the platform remains stable and sucessful and at the moment if it remained like that I would be happy to keep my funds invested amd add. I am conscious with the liquidity even though plan to remain invested and would only increase inline with other investments I have that would be more liquid if required.
Would be good to keep some discussions going on PP and property crowdfunding and up properties that come up etc.
I am not interested in the property development loans, but the actual properties, I have had my fill of being in development loans with Collateral and also defaults of development loans with Moneything and waiting on those resolving and also the very slow secondary market selling out of some of them on MT and understanding liquidity problems like this or waiting on them re-paying. So this is an area I am not interested investing in now but rather running down others I have.
Any thoughts on the Huddersfield Student property, it may not fill and the supported living houses? I am watching both and may add into the supported living, it looks like Huddersfield may be tight to fill now and yield is good.
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Post by sayyestocress on Sept 25, 2018 8:50:57 GMT
I'm in for low five figures with PP. I'm generally happy with the service they provide. My only real concern is profitability / longevity of the platform. Their accounts for up to Dec 2017 should be appearing on companies house in the near future, so I'm hoping they paint a prettier picture than the Dec 2016 ones. I'm no expert on growing young companies though, so my concerns may be unfounded.
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rick24
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Post by rick24 on Sept 25, 2018 13:55:46 GMT
My impression is that they are going for growth in the hope that revenue will catch up eventually when assets under management are large enough. Their longevity depends on the depth of their investors' pockets at the moment.
I'm putting a small amount into the supported living properties.
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Post by takesyourchances on Sept 25, 2018 16:47:05 GMT
The consensus seems to be good for property partners operation and their professional approach and hopefully their profits start to grow to keep them in operation and investors keep growing so it is good for all. The next accounts as pointed out will be interesting. I am happy to keep adding the way I am £250 per property that interests me at the moment plus fees and I will add into the supporting living this quota, it has broke 81% with 15 days to go, so looking good to fill.
I am a bit surprised the latest student one is not filling at the moment, some of the others have filled quickly and some trading at a premium, any thoughts on this one and why? I see the yield drops from 6.5% to 5.5% after a year. is it too many student properties or yield not high enough after the first year?
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Post by george on Sept 25, 2018 16:52:21 GMT
I am a bit surprised the latest student one is not filling at the moment, some of the others have filled quickly and some trading at a premium, any thoughts on this one and why? I see the yield drops from 6.5% to 5.5% after a year. is it too many student properties or yield not high enough after the first year? For me, it's the low yield compared to all the previous student ones that's put me off putting anything in this one.
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Post by takesyourchances on Sept 25, 2018 17:09:58 GMT
I am a bit surprised the latest student one is not filling at the moment, some of the others have filled quickly and some trading at a premium, any thoughts on this one and why? I see the yield drops from 6.5% to 5.5% after a year. is it too many student properties or yield not high enough after the first year? For me, it's the low yield compared to all the previous student ones that's put me off putting anything in this one.
I think you are right, it would be the lowest yielding student one so far after the first year, if the 6.5% stayed, I think it would of filled by now and the higher yields is a major attractive with the student buildings.
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Post by george on Sept 28, 2018 13:43:45 GMT
I think you are right, it would be the lowest yielding student one so far after the first year, if the 6.5% stayed, I think it would of filled by now and the higher yields is a major attractive with the student buildings.
Lowest yielding "so far" didn't last long.
Now there's yet another Newcastle PBSA with a record-low yield of 5.44%. I'm not liking the direction of this trend...
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Post by takesyourchances on Oct 1, 2018 20:16:52 GMT
I think you are right, it would be the lowest yielding student one so far after the first year, if the 6.5% stayed, I think it would of filled by now and the higher yields is a major attractive with the student buildings.
Lowest yielding "so far" didn't last long.
Now there's yet another Newcastle PBSA with a record-low yield of 5.44%. I'm not liking the direction of this trend...
Looks like I spoke too soon! That is a shame, I was hoping the student buildings be 6% plus, can invest in an IT for around 5% yield.
Also noticed the listings time limits are off, the other student one is still on until it fills so another change as well.
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Post by sayyestocress on Oct 4, 2018 10:23:52 GMT
Lowest yielding "so far" didn't last long.
Now there's yet another Newcastle PBSA with a record-low yield of 5.44%. I'm not liking the direction of this trend...
Looks like I spoke too soon! That is a shame, I was hoping the student buildings be 6% plus, can invest in an IT for around 5% yield.
Also noticed the listings time limits are off, the other student one is still on until it fills so another change as well.
Yeah a bit cheeky to have removed the time limits. Where they ever really time limits or just motivation for investors to get a move on? The time limit on Huddersfield got increased, then went past that point and now no limit is presented. They must really want to fill this one.
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