Property Crowdfunding

takesyourchances

anandp wrote: »

My investments per property vary hugely. I reinvest all the rental income received each month, and put a regular amount in too. Yield average is probably about 4% (lowest is 2.09%, highest s 7%+), though this is taking into account void provisions and does not include valuation gains so is on the conservative side.

Thanks for the update on your holdings, I have just the 2 property invested in so far at £250 each and was interested to hear your experiences.

There is a bit of a mess going on with Collateral P2P so I have money in this, who knows of the outcome at the moment and going to think out some investment direction and if I cash out of some other loan P2P I might put some more into PP for the equity property shares. Will think out a direction with all of this. Thanks for your input will follow any updates with interest.

roy73

Hi guys,

An update on my investment progress so far.

I had invested in 3 property crowdfunding platforms, and I have to say that with varying levels of success I have come to a conclusion on which platform I will be investing more into in the future- UOWN.

Its been interesting and I have to say from the outset they all perform in a similar manner for the most part you can invest easily and watch your savings grow better than if you put them in most other places. I am sure that there are other places you can put your money, cryptos or the p2p loans come to mind, that might get you a better return, but for me I prefer investing in something more tangible and importantly understandable. Property is easy.

Anyway onto the results, my list of 3 platforms in ranking order.

1st UOWN
2nd Property Partner
3rd Property Moose

UOWN

This platform has provided me with the best return so far and is the simplest and easiest to use. I like their streamlined approach and the manner in which they keep me up to date. Furthermore they have a sound investment strategy investing in HMO student property. I like their easy exit property as well where they guarantee your exit from the property within 3 days addressing liquidity concerns.

Fees are low, and money is paid out monthly. I got in touch with the team there and I was impressed with their customer service. Good service and good returns.

Property Partner

A close second, has a bigger selection of properties and they are more established. However the returns for me haven't been as good as UOWN, but they are not far off.

A really easy to use site that works well and gets the job done. I had a few issues getting money in initially but managed to sort it out eventually.

I think that the investment strategy is by and large on the money (pun intended) but there are some properties that I personally had some questions over. It seemed to me on some properties they were pushing inflated prices and guaranteeing a rental return of 5% for 2 years, however as an investor I wonder what happens after 2 years will the property be able to generate a 5% return? based on my research its unlikely in some cases.

In many ways despite Property Partner being better than most other platforms I feel that their size has meant the quality of investments has diluted and their customer service is clearly aimed at only BIG investors.

Property moose

This platform is third and really some way off the other 2. I won't go into a lot of detail here but there a lot of concerns that people have voiced regarding it on other forums. Their property selection is dire, their platform doesn't work how I want most of the time and their fees for providing this poor service are some of the highest in the industry.

Hope you guys find this useful. I am looking to carry on with investing in UOWN and will update this thread with any progress I have.

Best,

Roy

takesyourchances

Hi Roy,



Just saw your post there, interesting your experiences using the 3 property crowdfunding platforms. I have around £3500 so far in property partner from I started it earlier this year and think the site works well and the rental dividends all paid on time etc. I don't really check my account much and let it do it's thing. I might add a few hundred to the new student property at the moment.



Propertymoose I did not really fancy, the properties a lot of them don't look great and PP seems much better all round to me over pm.



I looked at Uown at the time you said, I don't have an account etc, is it still only Leeds and are there many properties to invest across or how regular do they come up?



Also if any knows:

I was reading a blog https://www.marcoschwartz.com I see he invests in property partner etc and I see a European platform Housers, I looked at their site https://www.housers.com/en/ they seem to be Spainish / Portugal based. I know there is currency flux with Euro etc, it seems UK residents can register for an account.



Would anyone know anything more about Housers? With property partner the dividends can be used within your £2000 allowance, how would it work with a European property platform like Housers when the rental income / dividend is paid?


It would be interesting to know.



Also various American based blogs I have read property crowdfunding seems popular with these investors it would be good in time if we were able to reach other markets out of the UK, but I don't think it is possible for a UK resident to register with an American one, but seems possible with Housers Spain / Portugal and interested how that would work with payments. Property PartnerI think said before maybe in the future explanding beyond.



My property partner account I am just putting in £250 - £300 per property here and there not going in very heavy, it adds to my property interest and another investment which is hands off. .

justme111

a question to people using these sites/ investments:
do you actually have legal documents proving your ownership? are you sufficiently legally savvy to assess the paperwork yu have if you do ? What re course would you have if one of the sites stood paying/ goes into administration/ disappears?
I am asking as per Collateral saga it is questionable how could one proove there was a contract in place at all?

takesyourchances

justme111 wrote: »

a question to people using these sites/ investments:
do you actually have legal documents proving your ownership? are you sufficiently legally savvy to assess the paperwork yu have if you do ? What re course would you have if one of the sites stood paying/ goes into administration/ disappears?
I am asking as per Collateral saga it is questionable how could one proove there was a contract in place at all?

I am only with Property Partner, the last thing I need is another Collateral for sure and winding down my P2P loans on repayments etc.



With property partner All properties are owned by an SPV which can be viewed on Companies House. This blog link will explain how property partner works http://www.financialthing.com/property-partner-review/


I have £3500 in property partner, I will just add here and there, I have REIT's as well in my S&S ISA.



Hope that helps.

stressheadno2

Morning People,
1.Does anyone know of a property crowdfunding sites that deals in holiday rental properties at home or abroad ?
2. Do people think there would be a market for this as a better form of timeshare but with ownership of the properties ?
Thanks in advance Paul.

djpix99

I know Property Partner have one block of serviced accomodation, however there aren't any dedicated sites I'm aware of.

Fatbritabroad

Sorry for hijacking this slightly but have you considered crowdproperty? I'm looking at this

I'm considering this side of p2p from the pov of building up a passive income stream to feed my standard equity investments

I like the idea of buy to let from the pov of passive income but not so much the large lump sum in a single undiversified asset plus having to deal with issues so proeprty crowd funding seems a more diversified way of picking this up

FatherAbraham

msallen wrote: »

I have a small amount in UOWN. Its still a very young site and the secondary market isn't up and running yet so I'm not investing more with them (apart from reinvesting the income) until that is established.

Having said that I like them best of the various property p2p/crowdfunding sites (all the rest of my non standard S&S investment is in more traditional p2p). They are the newest part of an established family owned group of Leeds based property businesses, which include the ownership of a number of properties let out by their own student letting agency. This is where the initial properties for UOWN are sourced/bought from and explains why they are able to "buy them slowly" as they need to do until the rate of investment via UOWN grows.

The owners of the real estate get to cherry-pick which of their assets are bought by the investors?

That's insane scheme to invest in. The real estate owners would get to offload all the garbage in their portfolio onto naive investors who'd be left with rotten returns.

msallen

FatherAbraham wrote: »

The owners of the real estate get to cherry-pick which of their assets are bought by the investors?

That's insane scheme to invest in. The real estate owners would get to offload all the garbage in their portfolio onto naive investors who'd be left with rotten returns.

No. The owners get to choose which property to offer. I am free to accept/decline individual properties. I am perfectly happy with my XIRR of 9.6% over the last 14 months or so (excluding the sign up bonus I got, which would increase my XIRR to over 20% if included)

However I think that may be academic now, as it looks as though the model will change soon. They appear to be holding off from offering any more properties until all the current ones (except the very niche easy access one) are filled, and hints have been made that change is afoot. I suspect that dad/uncle (who own the established student property portfolio) have told their sons/nephews (who set up UOWN) that they don't want to offer any more properties via this "slow purchase" method. I may join you in being critical of them depending on what happens next.