Sell Property to Investor

sherlock228

https://forums.moneysavingexpert.com/discussion/comment/82041810#Comment_82041810

so what? If there is only one shareholder there only needs to be a single share. £1 share capital is a reasonable (nominal) way to do that (even then there might be 100 shareholders of 1 penny each or 10 of 10 pence or husband and wife at 50p)

the properties owned by the company will be financed by off balance sheet debt, not capital

missile

https://forums.moneysavingexpert.com/discussion/comment/82041814#Comment_82041814

user1977 claimed the majority of small businesses do not have a website. Clearly this is not true.

Scammed maybe not. Mislead certainly.

mills112

https://forums.moneysavingexpert.com/discussion/comment/82041623#Comment_82041623

you would be better off with auction than to sell to an investor directly.

i have sold to investors before but they buy it through estate agents.

Isthisforreal99

https://forums.moneysavingexpert.com/discussion/comment/82041806#Comment_82041806

You clearly have no idea what £1 share capital actually means

artyboy

https://forums.moneysavingexpert.com/discussion/comment/82041806#Comment_82041806

very odd fixation you appear to have with websites. My local chippy doesn't have one, but I've never once thought they were trying to scam me because of it.

That said, the price of their cod is insane. Maybe you're on to something 🤣

Gonk1967

https://forums.moneysavingexpert.com/discussion/comment/82041856#Comment_82041856

I've run a reputable small business for the past 30 years, never had a website, don't need one.

born_again

https://forums.moneysavingexpert.com/discussion/comment/82041856#Comment_82041856

So how many small businesses have a Forbes Advisor?

Op said they Contacted a few investors and accepted what they thought was a reasonable offer.

, yet only found out their details from their solicitor.

You have to wonder on OP's due diligence, on the ones they contacted. 🤷‍♀️

SiliconChip

https://forums.moneysavingexpert.com/discussion/comment/82041814#Comment_82041814

What sort of maths calculates 22% as 1 in 10? It's closer to 1 in 5, and even closer to 2 in 9. 😉

Dodgy arithmetic aside I agree with your point, I have friends who run a letting business, they have no website and don't need one, tenants to let to and properties to buy (and sell) are both found through estate agents so a website would serve no purpose.

ExEstateAgent

I think people assume 'investors' have a big pile of cash they're itching to spend, when in reality they are maybe remortgaging existing properties, waiting on a sale to go through etc etc.

You haven't been scammed, it's just business. You can seek another 'investor' or put the property on the open market. Your decision entirely.

missile

https://forums.moneysavingexpert.com/discussion/comment/82041867#Comment_82041867

Don't be a troll. What does this mean to you?