webwiz
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Post by webwiz on Aug 16, 2015 16:58:10 GMT
I currently invest with PM and am very happy with their offering but the deal flow is a bit slow and I would like to diversify. How does THC compare with PM? I have not registered on the site yet so know nothing about them. One important point is that I must be able to access my capital after two years, one way or another.
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pom
Member of DD Central
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Post by pom on Aug 16, 2015 17:28:34 GMT
Most THC properties are for 5 years... and I think you might miss some of the other good PM stuff eg the 3% cashback (I'm particularly disappointed about this in relation to a property I invested in 2 months ago on THC still hasn't completed because of conveyancing issues, think it was my first to fill too!), being paid monthly etc (THC only pay annually)...also THC charge 25% of the gain compared to PM's 15.
I initially invested more with THC because they had more available than PM when I looked into them both, but have stopped because of all of the above and because I find PM far more transparent. So I would have to say if you're happy with PM, stick with them.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Aug 16, 2015 17:54:05 GMT
Hi webwizI'm the oppositte of pom in that I have a moderate investment with thc but none with pm. That takes nothing away from pm. I just feel overinvested with thc & do not want to put more money into property-related, mid to long-term commiting investments atm. thc are ok in that their comms are decent when you have a query but their loans now take much longer to fill, though I know pom has had many issues with one particular loan. Their advertised rates seem higher (on a yearly basis) than pm but, remember these are estimated rates that include estimated capital growth not just rental yield factored in. The most important question is if you feel you need a quick exit strategy, either of these two won't offer it & you might be better off investing in normal p2p property-related loans if you want to stick with that type of investment as you might be able to have access to your capital a lot quicker (provided you ahve a liquid AM on whiever platform you use). Even with a possibly marginally return rate, you might be bbetr off. Only you can obviously answer that question.
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webwiz
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Post by webwiz on Aug 17, 2015 12:24:13 GMT
Thanks both. I don't actually need a quick exit strategy (I would not expect to get that from property) but I do have a potential large call on my capital in 2 years time.
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Post by propertyparrot15 on Sept 15, 2015 12:40:51 GMT
I currently invest with PM and am very happy with their offering but the deal flow is a bit slow and I would like to diversify. How does THC compare with PM? I have not registered on the site yet so know nothing about them. One important point is that I must be able to access my capital after two years, one way or another. They offer some interesting properties but I feel that not having a secondary market will mean that 2 years looks difficult. still the idea and concept is brilliant. I have been using THC PM and PP each offers a different profile for so that diversification is natural.
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ben
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Post by ben on Oct 14, 2015 14:49:42 GMT
Not used thc myself but with pm if you need the capital in 2 years it might not be possible as a) the building might not sell at the time or take time to sell b) the other share holders might vote to keep the property for another year. So if you definitely need it then I am not sure it is worth the risk of being unable to access it
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