Student accommodation/Care Homes

MoneySavingUser

I've seen various companies offering investments in student accommodation and care homes etc. lately. (Some through EIS funds).

Has anyone invested in anything like this?

george4064

I have seen them, but I always stay clear because I'd rather have my money in proper investments like trusts with a board, non-exec directors, annual reports, auditors, listing rules etc...

JohnRo

I wouldn't touch these either but diamonds, wine, parking lot and storage pod rental investments, now that's excitement, a golden opportunity not to be missed... guaranteed double digit returns, apparently, what could possibly ever go wrong.

jimjames

MoneySavingUser wrote: »

I've seen various companies offering investments in student accommodation and care homes etc. lately. (Some through EIS funds).

Has anyone invested in anything like this?

Have you checked if they are FCA regulated or FSCS protected? Almost certainly the answer is no and you could lose all your money as people have done so before buying similar investments.

dunstonh

Has anyone invested in anything like this?

No. However, I do see the frequently reported failures in these areas where people lose most or all of their money

MoneySavingUser

jimjames wrote: »

Have you checked if they are FCA regulated or FSCS protected? Almost certainly the answer is no and you could lose all your money as people have done so before buying similar investments.

I deleted the emails but you are right I doubt they are. The emails came from here: http://nethouseprices.com/ not sure exactly how they got my email address actually.

JohnRo wrote: »

I wouldn't touch these either but diamonds, wine, parking lot and storage pod rental investments, now that's excitement, a golden opportunity not to be missed... guaranteed double digit returns, apparently, what could possibly ever go wrong.

Funnily enough quite a few EIS funds seem to be offering storage investments lately - there is even a storage specific fund: http://www.enterprise-ip.com/investments/open/titan-storage-eis/

Pincher

It's my dream come true. Somebody else to deal with the pesky students, and I just get the rent?

It's just like signing up as a Name with Lloyds, what can go wrong? :eek:

KNJ_2

I lost 10k to Intl MUTU Mansion Student, suspended and regret it deeply - do not believe all you are told

bowlhead99

Like George in post #2 I would only invest in assets in a specialist sector through legitimate listed vehicles with proper regulated investment advisors. Target Healthcare REIT is one with a portfolio of care homes, though it has a short track record. But of course, because they're regulated they don't offer "too good to be true" returns.

The sort of junk mail advertising unregulated schemes which you get after registering for free online information services like ADVFN or house prices, should be avoided - no legitimate investment has to spam or cold call for business. The only way they get around the problem of not being allowed by their regulator to make these spam investment promotions, is that they don't have a regulator.

Pobby

http://lymeproperty.com/development/4961139/dubai-/