Out of the 20 platforms that I'm trialling PP is the only one with a negative XIRR (currently -1.40%). I'm only a little over 6 months into my PP journey, so the loss is mainly due to upfront fees. I was also unlucky to have suffered from investing in a project that was later cancelled, causing a big cash drag.
I need 3 more months of expected dividends to turn the XIRR positive.
I'm not too disheartened as I'm happy with my investment choices and am happy to hang on for the long term. Also, my investments are currently trading at a significant premium, so, if I wanted out I would be able to exit with a reasonable profit of around 5% (so roughly a 10% XIRR).
I'm a minor equity investor in AxiaFunder, Welendus(FO), Brickowner, Crowdstacker, Proplend, Orca, ABLrate and CrowdProperty. This time next year I'll be a miwionaire Rodders!
I thought rents in good properties should go up in line with wage inflation or CPI. I will be angry if PP have been propping up the yields with their own funds
I am a bit disappointed and it isn't going to change my current policy of no new investments and income being withdrawn. Have you looked at the details? Have rents actually gone down, or have valuations on some gone up by more than the rent has gone up - which is what happened on the three they decided to sell.
I have interests in only 11 properties so not really diverse enough yet. My plan for this year is to increase that to 20 by adding more funds and also selling part of my larger holdings and splitting the money across two or three different properties.