boundah
Member of DD Central
Posts: 367 
Likes: 430
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Post by boundah on May 4, 2022 15:15:06 GMT
I can't find a thread for Inveslar... anyone else an investor? I've been with them pretty much since the beginning (2017) and although the returns haven't been stellar at least it's still paying (& no capital losses so far touch wood).
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
Posts: 78
Likes: 42
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Post by zuluwarrior on May 6, 2022 16:51:21 GMT
I had a look a while back but not fully understanding the regulation and identity of P2P lending over there made me shy away. Its also much harder for me to carry out DD.
Are you Spanish? Wondering why you chose to use Inveslar rather than one of the UK platforms
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Post by wiseclerk on May 7, 2022 10:56:34 GMT
I asked in 2017 about foreigners investing and got this reply "People from outside Spain can invest if they have de NIE (number of identification provided by the Spanish Goverrment). You can ask for it on the Spanish ambassy in your country."
Did not investigate any further.
P.S.: Just checked. NIE number is still required
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a0010402
Member of DD Central
Posts: 110
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Post by a0010402 on May 8, 2022 16:26:58 GMT
I've been browsing the Inveslar web site and there is one thing I didn't like: Inveslar. Offer property.It doesn't fill me with confidence thinking a loan may granted without a thorough on-site inspection "because the tenant does not want you [the proprietor] to take visitors (potential buyers)". I'm not an expert in the P2P world, but I wouldn't have thought that'd be common practice. |
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
Posts: 78
Likes: 42
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Post by zuluwarrior on May 8, 2022 22:18:30 GMT
I've been browsing the Inveslar web site and there is one thing I didn't like: Inveslar. Offer property.It doesn't fill me with confidence thinking a loan may granted without a thorough on-site inspection "because the tenant does not want you [the proprietor] to take visitors (potential buyers)". I'm not an expert in the P2P world, but I wouldn't have thought that'd be common practice. Its quite difficult to understand due to the seemingly poor translation. It seems that this isn't so much P2P and is more crowdfunding property ownership, some cross overs of course
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boundah
Member of DD Central
Posts: 367
Likes: 430
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Post by boundah on May 26, 2022 16:42:38 GMT
I had a look a while back but not fully understanding the regulation and identity of P2P lending over there made me shy away. Its also much harder for me to carry out DD. Are you Spanish? Wondering why you chose to use Inveslar rather than one of the UK platforms I'm not Spanish but I'm reasonably fluent. I was/am in several UK P2P platforms and wanted to diversify. Inveslar have been very transparent about each project (detailed accounts, regular updates, copies of official documentation) - far more than the UK efforts. Investors also get to vote on big decisions, eg (this month) on whether to sell at a small loss or hold out for full price on a development. Also their projects are all quite small so easier to manage. So far this is the only P2P platform I haven't lost money on (touch wood...).
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boundah
Member of DD Central
Posts: 367
Likes: 430
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Post by boundah on May 26, 2022 16:43:58 GMT
I asked in 2017 about foreigners investing and got this reply "People from outside Spain can invest if they have de NIE (number of identification provided by the Spanish Goverrment). You can ask for it on the Spanish ambassy in your country."
Did not investigate any further.
P.S.: Just checked. NIE number is still required Fortunately I got a NIE a few years ago so not a problem, even though I'm UK resident.
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boundah
Member of DD Central
Posts: 367
Likes: 430
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Post by boundah on May 26, 2022 16:47:55 GMT
I've been browsing the Inveslar web site and there is one thing I didn't like: Inveslar. Offer property.It doesn't fill me with confidence thinking a loan may granted without a thorough on-site inspection "because the tenant does not want you [the proprietor] to take visitors (potential buyers)". I'm not an expert in the P2P world, but I wouldn't have thought that'd be common practice. Its quite difficult to understand due to the seemingly poor translation. It seems that this isn't so much P2P and is more crowdfunding property ownership, some cross overs of course TBH I see little difference between crowdfunded ownership and property-secured P2P lending, except that the former allows owners to benefit from any capital appreciation if they sell.
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Ace
Member of DD Central
Posts: 4,551
Likes: 5,040
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Post by Ace on May 26, 2022 16:58:10 GMT
I had a look a while back but not fully understanding the regulation and identity of P2P lending over there made me shy away. Its also much harder for me to carry out DD. Are you Spanish? Wondering why you chose to use Inveslar rather than one of the UK platforms I'm not Spanish but I'm reasonably fluent. I was/am in several UK P2P platforms and wanted to diversify. Inveslar have been very transparent about each project (detailed accounts, regular updates, copies of official documentation) - far more than the UK efforts. Investors also get to vote on big decisions, eg (this month) on whether to sell at a small loss or hold out for full price on a development. Also their projects are all quite small so easier to manage. So far this is the only P2P platform I haven't lost money on (touch wood...). Wow, that sounds like incredibly bad luck. I've invested in 36 platforms and only have a concrete loss in 1 (British Pearl). Lendy will almost certainly be another small loss, and MoneyThing will be a close call. I expect Grupeer will be a loss too, but don't really understand the situation there. 7 platforms have been fully exited with a profit so far. ABLrate could be a large swing either way, but no major concerns in the other 24.
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boundah
Member of DD Central
Posts: 367
Likes: 430
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Post by boundah on May 26, 2022 17:08:31 GMT
I'm not Spanish but I'm reasonably fluent. I was/am in several UK P2P platforms and wanted to diversify. Inveslar have been very transparent about each project (detailed accounts, regular updates, copies of official documentation) - far more than the UK efforts. Investors also get to vote on big decisions, eg (this month) on whether to sell at a small loss or hold out for full price on a development. Also their projects are all quite small so easier to manage. So far this is the only P2P platform I haven't lost money on (touch wood...). Wow, that sounds like incredibly bad luck. I've invested in 36 platforms and only have a concrete loss in 1 (British Pearl). Lendy will almost certainly be another small loss, and MoneyThing will be a close call. I expect Grupeer will be a loss too, but don't really understand the situation there. 7 platforms have been fully exited with a profit so far. ABLrate could be a large swing either way, but no major concerns in the other 24. Sorry - forgot my original 'proper' P2P platforms (Zopa & Ratesetter), both of which were fine. Unfortunately I then moved into the property train-crash and have phantom funds sitting in LY, ABL, MT & COL.
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