webwiz
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Post by webwiz on Aug 15, 2015 16:46:46 GMT
PM say say have almost 4000 users but only a tiny fraction seem to post here. This is in contrast to MT who I think gained all or nearly all their users from this forum. Some of the other platforms also have a substantial number of users using this forum. Why is this?
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Post by brokenbiscuits on Aug 16, 2015 10:10:21 GMT
Perhaps because of the nature of the investment.
you could talk about rental yields, the future of house prices and being a btl landlord on so many different sites on the Internet, those interested or even invested, don't have to come here.
I'd consider most of the members of this forum to be a little smarter than the average investor and so if people are staying away from investing and not just posting, then you have to wonder why?
Have we had any information on actual returns? Has any property gone full term and got to the sale process? All the information available is based on projected returns and market assumptions.
Numbers will increase when there is more certainty. But also the average p2p user will be someone who has disposable income looking to diversify into something with strong returns that doesn't follow the same trends of their other investments or even the trends of their own house value. for most, Residential housing is not as far a diversification as what the majority of the other p2p sites are offering away from holdings people are likely to already have.
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webwiz
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Post by webwiz on Aug 16, 2015 10:45:06 GMT
Good points. I tend to lump all innovative investments together, but I guess p2p, p2b, crowdfunding, and what this forum calls "equities" are all different, each with their own fan base. Must be a nightmare for the bureaucrats tasked with making an ISA for them.
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adrianc
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Post by adrianc on Aug 16, 2015 15:08:50 GMT
Not just the PM forum, though - THC is similarly quiet. They're just FAR more fit-and-forget than most of the P2P sites. Shove £500 or a grand in, sit back, wait a few years. No constant reinvestment of income or paying back of principal or defaults or flipping or...
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Post by brokenbiscuits on Aug 16, 2015 15:13:36 GMT
If property moose does what it says on the tin, then the returns could be better (with none of the hassle) than owning a btl.
I see it as very different to the likes of ratesetter, zopa etc that appear to have less correlation to the markets and operate more like a high interest savings account.
I see some like to invest with nearly all the p2p sites. For me I prefer to favour 3 or 4 at most with the ones I consider the safest getting a much larger share of the investments.
There was a property on here that was mixed use. Both commercial and residential that interested me, but Missed the chance to invest. I would be more inclined to invest if similar came up again.
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adrianc
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Post by adrianc on Aug 16, 2015 15:29:11 GMT
There was a property on here that was mixed use. Both commercial and residential that interested me, but Missed the chance to invest. I would be more inclined to invest if similar came up again. Have you looked at THC? Their project 146 is a launderette with a tenanted flat above it, in Manchester. 9% yield currently, 13% if/when they raise the rents to "market". Still open, another £30k to go.
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Post by brokenbiscuits on Aug 16, 2015 15:58:52 GMT
Thank you for the heads up.
Will check it out, although I would not invest just for the project. I would first have to spend some time looking into the team and values of the p2p company behind it.
When investing for 3 to perhaps as much as 20 years, there must be a fair few who just see a rate of return and so click and go.
Although the returns in the first few years are not fantastic, I really like the people they have put in place at abundance generation.. I like their values obviously but they have a really strong team that includes one of the founders of zopa. The pioneers of p2p.
As for property moose The name Cadbury is a strong one from what his forefathers did... That's what made me notice them to be honest. But I'm not sure what involvement he has now? Doesn't appear in press statements I've read. Being from the south west I like that the majority of properties are up north, which I guess is a little diversity to the property I own down here as trends may be slightly out of sync with each other.
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Vero
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Post by Vero on Aug 18, 2015 21:38:29 GMT
There was a property on here that was mixed use. Both commercial and residential that interested me, but Missed the chance to invest. I would be more inclined to invest if similar came up again. Have you looked at THC? Their project 146 is a launderette with a tenanted flat above it, in Manchester. 9% yield currently, 13% if/when they raise the rents to "market". Still open, another £30k to go.
146, the Wishy Washy laundrette on Moston Lane in Harpurhey (named most deprived area in the UK in 2004), was featured in the BBC3 reality TV show "People Like Us" (a little similar, perhaps, to Benefits Street).
If you are not familiar with the laundrette or the area, I'd suggest a little DD, like googling it.
I watched the show as DD for a house purchase a few streets away, just off Moston Lane - £12.5k purchase price, full refurb was £12.5k (included rewire, replumb, replaster, re-everything, attic conversion), so total cost was £25k, £650pcm rent...
The House Crowd figures for the Moston/Harpurhey area, generally, leave me a little puzzled...
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adrianc
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Post by adrianc on Aug 18, 2015 21:54:37 GMT
"Reality TV" - perhaps the 21st century's greatest oxymoron...
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