ben
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SPV38
Feb 8, 2016 12:31:58 GMT
Post by ben on Feb 8, 2016 12:31:58 GMT
10% nearly gone of this one all ready which is not bad
Underwritten rent again, have emailed asking for documents so will see what they are like
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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SPV38
Feb 8, 2016 14:17:21 GMT
Post by j on Feb 8, 2016 14:17:21 GMT
It will get much easier to evaluate once PM start posting the valuation reports on the website
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ben
Posts: 2,020
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SPV38
Feb 8, 2016 15:27:43 GMT
Post by ben on Feb 8, 2016 15:27:43 GMT
It will get much easier to evaluate once PM start posting the valuation reports on the website True although now that I know I can ask for it makes it a bit easier
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SPV38
Feb 10, 2016 14:06:12 GMT
Post by Financial Thing on Feb 10, 2016 14:06:12 GMT
FYI my chartered surveyor recommended SPV38 is worth about £95k retail.
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SPV38
Feb 10, 2016 14:28:53 GMT
via mobile
Post by highlandtiger on Feb 10, 2016 14:28:53 GMT
FYI my chartered surveyor recommended SPV38 is worth about £95k retail. FYI I find that I rarely base my financial decisions on information from an unknown person on a public forum claiming that another unknown person who has never visited a the property in question, somehow knows better than anyone else. But then what do I know ...... apart from the fact that the majority of your posts that I have read on this forum are usually of a negative nature.
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SPV38
Feb 10, 2016 15:16:55 GMT
j and ben like this
Post by Financial Thing on Feb 10, 2016 15:16:55 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest.
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 10, 2016 16:09:04 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest. Have to agree to the post, the problem with valuation is not really how much it is worth is how much is someone willing to pay for it. You ask 5 people will get 5 different answers. Also as PM are paying £90,000 for it then so even with your friends figures they are still not paying over the odds on this one
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SPV38
Feb 10, 2016 16:20:35 GMT
via mobile
Post by highlandtiger on Feb 10, 2016 16:20:35 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest. Have to agree to the post, the problem with valuation is not really how much it is worth is how much is someone willing to pay for it. You ask 5 people will get 5 different answers. Also as PM are paying £90,000 for it then so even with your friends figures they are still not paying over the odds on this one Whilst PM may not be paying over the odds at £90k , they are claiming that they are getting a £15k discount on their valuation of £105K. Which is quite a different figure to option traders mate. As we would all like some capital gains at the end of the investment these differences could be vital. Only time will tell who is right. 
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Post by Financial Thing on Feb 10, 2016 16:24:48 GMT
highlandtiger It certainly wasn't my intention to cause you any malice by my post and let me commend you on your good judgment by not making any financial decisions based on a strangers information. Really sorry it offended you so much. I only post this info to be helpful to anyone who wants to do further research for themselves (as I have done). The great thing about information is you can take what you like and leave the rest. Have to agree to the post, the problem with valuation is not really how much it is worth is how much is someone willing to pay for it. You ask 5 people will get 5 different answers. Also as PM are paying £90,000 for it then so even with your friends figures they are still not paying over the odds on this one Actually if you have good valuation pro's, their prices will be very similar because the way you calculate property values is by what's sold that is comparable. The value on SPV38 was fair but the price after all is said and done is £98201 which is paying over the odds. I've been investing in property for the 20 years and the way we evaluate a property as an investment is it must be minimum 15-20% below retail. So at this price, SPV38 isn't an investment, it's a standard run of the mill retail buy and certainly not 14% below market as PM writes. I've said it before, it makes no difference to me whether people invest or not, but don't be surprised if in 2 years, the property is far below the targeted price. I feel that the estimations aren't realistic and maybe for someone who isn't experienced in the property business, this posting info might be helpful. Or maybe I'm just completely wrong; which has happened many times.
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ben
Posts: 2,020
Likes: 589
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SPV38
Feb 10, 2016 19:24:13 GMT
Post by ben on Feb 10, 2016 19:24:13 GMT
I have gone for this one, am quite happy with the rental yield and if the property prices do go down then they do not need to sell them can carry on renting them
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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SPV38
Jan 30, 2018 9:48:40 GMT
Post by Steerpike on Jan 30, 2018 9:48:40 GMT
It appears that there is a vote to renew the contract, not sure if there is any real choice?
edit: The message and vote have now disappeared
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benaj
Member of DD Central
N/A
Posts: 5,597
Likes: 1,736
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SPV38
Jan 30, 2018 11:46:21 GMT
Post by benaj on Jan 30, 2018 11:46:21 GMT
2 choices:
accept and get paid on time,
Reject and reduce return and increase delay.
Exit options are also coming up as the it's reaching the end of term. ..... It's a BTL, so I guess it won't be marketed for sales soon.
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