metoo
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Post by metoo on Jul 28, 2021 1:00:57 GMT
The fact you did not bid in the previous loan previous should have increased your chances. I believe the loan token position just rotates through the lender ID numbers. If so, that means that if it was your turn and you did not bid, you just miss out on that round. I do not believe bidding or not bidding alters the chances that your account is in the right part of the cycle for the next loan. On the other hand, receiving an allocation does mean you would be less likely to get an allocation in the next loan, because it means your account was in line last time. Likewise, bidding and not receiving suggests your chances are higher next time, because it means your account was not in line last time.
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Post by uksoul on Jul 28, 2021 3:47:03 GMT
The fact you did not bid in the previous loan previous should have increased your chances. I believe the loan token position just rotates through the lender ID numbers. If so, that means that if it was your turn and you did not bid, you just miss out on that round. I do not believe bidding or not bidding alters the chances that your account is in the right part of the cycle for the next loan. On the other hand, receiving an allocation does mean you would be less likely to get an allocation in the next loan, because it means your account was in line last time. Likewise, bidding and not receiving suggests your chances are higher next time, because it means your account was not in line last time. `I do not believe bidding or not bidding alters the chances that your account is in the right part of the cycle for the next loan` Going by postings that looks accurate.
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eeyore
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Post by eeyore on Jul 28, 2021 9:34:43 GMT
uksoul I believe littloldlady has answered your query on the other recent thread. Except that littleoldlady 's post in Liverpool D* S* A* has disappeared!
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bababill
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Post by bababill on Jul 28, 2021 10:06:35 GMT
wow.. you are right.. littleoldlady said something like
"everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..."
--- I thought it was a very good post from littleoldlady.. I even gave her a like!
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Post by uksoul on Jul 28, 2021 10:08:38 GMT
uksoul I believe littloldlady has answered your query on the other recent thread. Except that littleoldlady 's post in Liverpool D* S* A* has disappeared! Yeah it has gone missing but I did see it beforehand..
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Post by overthehill on Jul 28, 2021 11:30:23 GMT
I believe the loan token position just rotates through the lender ID numbers. If so, that means that if it was your turn and you did not bid, you just miss out on that round. I do not believe bidding or not bidding alters the chances that your account is in the right part of the cycle for the next loan. On the other hand, receiving an allocation does mean you would be less likely to get an allocation in the next loan, because it means your account was in line last time. Likewise, bidding and not receiving suggests your chances are higher next time, because it means your account was not in line last time. `I do not believe bidding or not bidding alters the chances that your account is in the right part of the cycle for the next loan` Going by postings that looks accurate.
The token moves circularly around the lender queue, for a new loan it always starts at the final stop position of the previous loan. Just restating what is being said above, I think !
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Post by overthehill on Jul 28, 2021 11:34:36 GMT
wow.. you are right.. littleoldlady said something like "everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..." --- I thought it was a very good post from littleoldlady.. I even gave her a like!
Probably just needed a slight rewording of the sentence 'please buy this loan'
I've got full confidence in Proplend's DD but I'm not touching the Liver* loan. At the very least I could see it being pulled from the SM. Hope not.
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Post by uksoul on Jul 28, 2021 12:50:10 GMT
wow.. you are right.. littleoldlady said something like "everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..." --- I thought it was a very good post from littleoldlady.. I even gave her a like!
Probably just needed a slight rewording of the sentence 'please buy this loan'
I've got full confidence in Proplend's DD but I'm not touching the Liver* loan. At the very least I could see it being pulled from the SM. Hope not.
Why are u not touching it/think it will be pulled from the SM ?
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Post by gramsky on Jul 28, 2021 12:55:51 GMT
wow.. you are right.. littleoldlady said something like "everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..." --- I thought it was a very good post from littleoldlady.. I even gave her a like! I am also in this loan through RElendex and I will probably be allocated some through Auto-lend, but will sell them off in the future.
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Post by overthehill on Jul 28, 2021 15:26:03 GMT
Probably just needed a slight rewording of the sentence 'please buy this loan'
I've got full confidence in Proplend's DD but I'm not touching the Liver* loan. At the very least I could see it being pulled from the SM. Hope not.
Why are u not touching it/think it will be pulled from the SM ? Just my opinion, long list, I'll pick 3 not necessarily the top 3, too many TBD's and unknowns, location , history. It's got the feel of the Se* Si* loan which never made it back onto the SM after being removed (also late now!). The extra 2% is not worth it and normally loans at this rate have been far superior in the past at least.
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Post by uksoul on Jul 28, 2021 15:51:14 GMT
Why are u not touching it/think it will be pulled from the SM ? Just my opinion, long list, I'll pick 3 not necessarily the top 3, too many TBD's and unknowns, location , history. It's got the feel of the Se* Si* loan which never made it back onto the SM after being removed (also late now!). The extra 2% is not worth it and normally loans at this rate have been far superior in the past at least.
Agreed on the TBD`s and the history but seeing as it is a short term bridging loan with 12 months interest payments on tap and an exit in place it looks ok for a short term investment in my view. The valuation reports states it is in a prime location near malls, unis, train stations etc and in a regenerated area.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jul 28, 2021 15:51:22 GMT
wow.. you are right.. littleoldlady said something like "everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..." --- I thought it was a very good post from littleoldlady.. I even gave her a like! I deleted it because I think I may have been wrong about the fire. Was I mixing it up with Seven Sisters, or have there been two incidents? Also there may be no need to worry about the increase in the loan versus Relendex if the borrower has partially developed the property using his own funds. That information is not shown on Relendex AFAICS.
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Post by overthehill on Jul 29, 2021 8:05:30 GMT
wow.. you are right.. littleoldlady said something like "everyone please buy this loan as it is my last loan on Relendex..... then it said something but you might want to be aware the valuation has increased from XXXXX to YYYY.. then something about a fire in March 2021..." --- I thought it was a very good post from littleoldlady.. I even gave her a like! I deleted it because I think I may have been wrong about the fire. Was I mixing it up with Seven Sisters, or have there been two incidents? Also there may no need to worry about the increase in the loan versus Relendex if the borrower has partially developed the property using his own funds. That information is not shown on Relendex AFAICS. Se* Si* loan issues pre-dated the fire by a long way. I don't know the Relendex history of the Liver* loan and I didn't read the Proplend description as I wasn't interested but I would say that any Tranche A loan (and it must be Tranche A) is a good investment. Even if the loan tanked and returned 40% of its RICS valuation , you wouldn't lose money.
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eeyore
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Post by eeyore on Jul 29, 2021 9:50:05 GMT
I don't like the look of this Liverpool loan either (and haven't invested), but why are we discussing it here in the Brighton thread rather than the Liverpool D* S* A* thread?
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