Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • roy73
    • By roy73 13th Feb 18, 11:45 AM
    • 6Posts
    • 4Thanks
    roy73
    Property Crowdfunding
    • #1
    • 13th Feb 18, 11:45 AM
    Property Crowdfunding 13th Feb 18 at 11:45 AM
    Hi Guys,

    I'm new here. I wanted to ask if anyone had used any property crowdfunding sites. There's a few out there.

    Have you had any good or bad experiences with any of the companies out there.

    Currently my shortlist of companies I'm looking at:

    - Property Partner
    - UOWN
    - Property Moose
    - House crowd

    Best,

    Roy
Page 1
    • msallen
    • By msallen 13th Feb 18, 12:35 PM
    • 840 Posts
    • 922 Thanks
    msallen
    • #2
    • 13th Feb 18, 12:35 PM
    • #2
    • 13th Feb 18, 12:35 PM
    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.
    • msallen
    • By msallen 13th Feb 18, 12:38 PM
    • 840 Posts
    • 922 Thanks
    msallen
    • #3
    • 13th Feb 18, 12:38 PM
    • #3
    • 13th Feb 18, 12:38 PM
    I should have said ... you'll probably find more info at p2pindependentforum.com/
    • ChesterDog
    • By ChesterDog 13th Feb 18, 4:09 PM
    • 879 Posts
    • 1,650 Thanks
    ChesterDog
    • #4
    • 13th Feb 18, 4:09 PM
    • #4
    • 13th Feb 18, 4:09 PM
    I have used The House Crowd for a few years - I forget when they first got going, but I have had investments with them ever since.

    I concentrate very much on the buy-to-let side of it, but do have a bit in the peer-to-peer offerings they do, and their development (ground up) loans.

    They have expanded very rapidly but seem to have managed it all very well.

    I have some gripes with them, which they are aware of and - apparently - working to rectify.

    These relate primarily to the functionality of the website and its inability to acknowledge the total amount you have invested with them at any given moment. That's a pretty basic failing, isn't it? It seems chiefly to relate to not anticipating at the outset that simply totting up how much money a client had invested over time would not take account of subsequent withdrawals.

    A problem also arose when they branched out into p2p and development loans. At that point the invested totals became split over three website tabs, with no overall summary (which - see above - might well be wrong anyway).

    I have had more than 60k with them at any one time, but have allowed this to dwindle (mid forties k now) because of the above issues. I don't believe they would have gained FCA approval/recognition/accreditation or whatever if the FCA had been aware that an investor csnnot easily reconcile his or her own records with the company's valuation of their investments.

    Those things aside, I have found them efficient, honest, friendly, very quick to respond to queries and so on.

    In fact, I have no complaints at all other than the above.

    They have told me their website is being brought in-house this month and that the issues will be attended to soon after.

    From an investment point of view, it's all gone smoothly for me (I have 1-2k per investment with them, so a good number of individual investments). Dividends and so on are paid in a timely manner, as are returns of capital and any profit.

    Over the years, it must have become a very complex operation to run, but (based on my own limited interactions with the people there), they have remained very customer-focussed and attentive, and the whole operation appears - from the outside at least - to function efficiently, professionally and well.
    I am one of the Dogs of the Index.
    • roy73
    • By roy73 14th Feb 18, 11:42 AM
    • 6 Posts
    • 4 Thanks
    roy73
    • #5
    • 14th Feb 18, 11:42 AM
    • #5
    • 14th Feb 18, 11:42 AM
    Thanks for that guys.

    Msallen thats a really useful thread there. I had a read through and they (UOWN) seem like a good outfit. I like the look of their site the most, but I was a little concerned that there were only three properties up, I didn't realise that they have a strong outfit behind them. Thats always promising.

    I was leaning toward property moose, but after seeing some of the threads on here I have been completely put off.

    Housecrowd seem good, I found their site a little hard to use, but the properties seemed like the type I wanted.

    It comes down to returns and consistency, I might invest a small amount with a couple of different sites and then see who delivers the best real service and returns
    • firestone
    • By firestone 14th Feb 18, 12:01 PM
    • 246 Posts
    • 106 Thanks
    firestone
    • #6
    • 14th Feb 18, 12:01 PM
    • #6
    • 14th Feb 18, 12:01 PM
    Hi Guys,

    I'm new here. I wanted to ask if anyone had used any property crowdfunding sites. There's a few out there.

    Have you had any good or bad experiences with any of the companies out there.

    Currently my shortlist of companies I'm looking at:

    - Property Partner
    - UOWN
    - Property Moose
    - House crowd

    Best,

    Roy
    Originally posted by roy73
    not in any - but for size Property Partner are by far the biggest i would guess.There is also Bricklane who "partner" with Zoopla which you may want to look at
    • djpix99
    • By djpix99 14th Feb 18, 12:45 PM
    • 14 Posts
    • 6 Thanks
    djpix99
    • #7
    • 14th Feb 18, 12:45 PM
    • #7
    • 14th Feb 18, 12:45 PM
    I have personally had experiences with Uown and property Moose.

    Uown - Good yields but no secondary market. I got the opportunity to meet one of the Uown staff for an interview for their online marketing and came away with a positive outlook of the company and choose to invest more with them.

    Property Moose - Low/no yields on some properties and hard to sell on the secondary market, this is why I choose to sell all my investments.

    In the future I plan to invest with Property Partner, I am waiting until I have a lump sum to invest in their auto investment product.
    • roy73
    • By roy73 19th Feb 18, 5:49 PM
    • 6 Posts
    • 4 Thanks
    roy73
    • #8
    • 19th Feb 18, 5:49 PM
    • #8
    • 19th Feb 18, 5:49 PM
    Hi Guys,

    Just thought I would give you a quick update on this. Really appreciate the help.

    I decided to invest in three platforms after hearing about your experiences, I'll trial them out over the next month or so and then invest a larger amount into the one I feel is the best.

    Property moose

    Property Partner

    UOWN

    Would have liked to do housecrowd but their minimum investment seemed to be 1000 and because this is a bit of a test it seemed a bit too much of a push.

    So first things first, the sign up.

    Property moose 6/10

    I thought I liked this sign up the best until I made a mistake somewhere. The sign process completely broke down. I had to exit and start again. Not to worry though I managed to get through it, eventually. Looks nice clean and pretty straight forward could work better.

    Property Partner 8/10

    It was really light touch to get in. I had to give all my details when I went ahead an invested in one of the properties including answering some fit and proper type questions.
    Worked well.

    UOWN 9/10

    I liked this one the best. It worked fine for me and I was through it very quickly. Two stand out things for me was the little bit of text here and there explaining what it was I was doing or why I was doing it and the email follow up. There's four or five emails that come through I haven't got them all yet, but they explain who they are and a good overview of their strategy.
    Their personality came through which for me was a cherry on top.

    I'll update you guys on the investment process later,
    • takesyourchances
    • By takesyourchances 19th Feb 18, 8:00 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    • #9
    • 19th Feb 18, 8:00 PM
    • #9
    • 19th Feb 18, 8:00 PM
    Does the dividend payment from rentals in crowd funding come under the annual dividend allowance?

    Thanks
    • roy73
    • By roy73 20th Feb 18, 10:28 AM
    • 6 Posts
    • 4 Thanks
    roy73
    Yes they do count towards your dividends allowance.

    I believe that the capital gains also count towards your CGT allowance which is 11300 for 17/18
    • msallen
    • By msallen 20th Feb 18, 10:32 AM
    • 840 Posts
    • 922 Thanks
    msallen
    I believe that the capital gains also count towards your CGT allowance which is 11300 for 17/18
    Originally posted by roy73
    Yes, but only when you sell.
    • takesyourchances
    • By takesyourchances 20th Feb 18, 1:07 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    Yes they do count towards your dividends allowance.

    I believe that the capital gains also count towards your CGT allowance which is 11300 for 17/18
    Originally posted by roy73
    Thanks for the info. How much you planning to invest per property and overall etc?

    I looked at property partner, looks interesting and may consider it as part of an overall portfolio. Will read with interest.

    Thanks
    • roy73
    • By roy73 20th Feb 18, 3:29 PM
    • 6 Posts
    • 4 Thanks
    roy73
    How much you planning to invest per property and overall etc?
    Initially I will be putting 100 into each platform, once I have found which platform works best for me I will be increasing my investment to 7.5 k with a one off investment initially.

    If all goes well and the numbers that these platforms say come through I should start seeing a 500 ish return by the end of the year. After that who knows, I may transfer more savings across, but its a bit too early to commit to more right now.
    Last edited by roy73; 20-02-2018 at 3:30 PM. Reason: Typo
    • firestone
    • By firestone 20th Feb 18, 5:08 PM
    • 246 Posts
    • 106 Thanks
    firestone
    Initially I will be putting 100 into each platform, once I have found which platform works best for me I will be increasing my investment to 7.5 k with a one off investment initially.

    If all goes well and the numbers that these platforms say come through I should start seeing a 500 ish return by the end of the year. After that who knows, I may transfer more savings across, but its a bit too early to commit to more right now.
    Originally posted by roy73
    i like the look of Property Partner but assume you know the property goes to a vote every 5 years so me be sold or held even if you wish different at that time.There is a secondary market where you can try and sell outside of this time ( also as i read on the P2P indie forum Property Moose are i believe closing their SM in the next week or so)
    • takesyourchances
    • By takesyourchances 20th Feb 18, 10:28 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    Initially I will be putting 100 into each platform, once I have found which platform works best for me I will be increasing my investment to 7.5 k with a one off investment initially.

    If all goes well and the numbers that these platforms say come through I should start seeing a 500 ish return by the end of the year. After that who knows, I may transfer more savings across, but its a bit too early to commit to more right now.
    Originally posted by roy73
    Sounds good your testing plan before a lump sum and you could spread that around. It is quite good it is an option for the dividend allowance separate from the interest allowance which my P2P is taking up.

    I understand property as well, looks very interesting for part of a portfolio. I signed up to property partner, nothing invested yet to look how it all works on their site. 5 years is fine with me too, I prefer longer investments and have no problem buying and holding. I will look into things more myself, something like 250 per property and build a portfolio up may interest me.
    • takesyourchances
    • By takesyourchances 20th Feb 18, 10:35 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    i like the look of Property Partner but assume you know the property goes to a vote every 5 years so me be sold or held even if you wish different at that time.There is a secondary market where you can try and sell outside of this time ( also as i read on the P2P indie forum Property Moose are i believe closing their SM in the next week or so)
    Originally posted by firestone
    Property partner stood out to me as well. A 5 year hold would be fine with me, as I said in my above post I prefer holding longer term on investments and the vote idea sounds good at the end of the property term what happens. May not go your way, but if it's an investment route you want to stay in you can always buy into another property.

    I read this guys blog which I like regular and here is his review on property partner updated this month which gives some good information. http://www.financialthing.com/property-partner-review/

    I signed up to property partner to look at how it all works and the web site etc and looks well laid out. Will look into it more, something like 250 per property here and there may suit me and see how it all works. My idea would be another part of a wider portfolio and I don't want to buy another full property myself at present, I have enough
    Last edited by takesyourchances; 20-02-2018 at 10:38 PM.
    • takesyourchances
    • By takesyourchances 24th Feb 18, 2:13 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    Anyone any more thoughts on property partner? I was thinking to buy a few at 250 to try it out with the view to adding in chunks like this. Have read several reviews and signed up so can see how the site works, any more hands on thoughts be interested to hear.

    Thanks
    • anandp
    • By anandp 24th Feb 18, 2:54 PM
    • 270 Posts
    • 30 Thanks
    anandp
    Anyone any more thoughts on property partner? I was thinking to buy a few at 250 to try it out with the view to adding in chunks like this. Have read several reviews and signed up so can see how the site works, any more hands on thoughts be interested to hear.

    Thanks
    Originally posted by takesyourchances
    I've been using Property Partner for a little over 2 years now (they had 2 or 3 properties when I originally joined them) and its been great seeing the platform grow to strength.

    I've come across most of the others mentioned on here but didn't want to sign up with multiple sites for the same 'product' and plus the others didn't instil confidence. Having said that, UOWN is a new one on me so I'll be looking into how they work and might give them a try.

    The team at PP are quite responsive and the secondary market shows a great deal of data when you're looking to reinvest dividends you receive. Often you can find property shares at a 10-15% discount to their current valuation which has an impact on the yield and attractiveness vs others. i think I saw an email the other day about PP about to introduce commercial property into their mix so its all getting more interesting as time goes on...
    Interested in property investment, web tech, social media, forex, equities. Also a proud father & entrepreneur of sorts.
    • takesyourchances
    • By takesyourchances 24th Feb 18, 3:23 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    I've been using Property Partner for a little over 2 years now (they had 2 or 3 properties when I originally joined them) and its been great seeing the platform grow to strength.

    I've come across most of the others mentioned on here but didn't want to sign up with multiple sites for the same 'product' and plus the others didn't instil confidence. Having said that, UOWN is a new one on me so I'll be looking into how they work and might give them a try.

    The team at PP are quite responsive and the secondary market shows a great deal of data when you're looking to reinvest dividends you receive. Often you can find property shares at a 10-15% discount to their current valuation which has an impact on the yield and attractiveness vs others. i think I saw an email the other day about PP about to introduce commercial property into their mix so its all getting more interesting as time goes on...
    Originally posted by anandp
    Thanks for your reply and you seem to be pleased with your experience using PP which is good to see. Out of the ones I looked into and read about, PP seemed to stand out more. Their site looks well detailed.

    How much would you generally invest per property and generally what sort of yield are you getting?

    I would plan to hold to term as such until it went to the vote on the property so it is not someting I would look to flip in and out of. The discounts for dividend re-investing sounds good too if they can be picked up.

    I seen they have a unit with a smaller Sainsbury's in it as their first commercial property so looks like they will branch into this sector more as well.

    I have some money back from cashing out of Asset Captial P2P which I was thinking to use a bit for PP to try. I was thinking 250 per property would give me 4 per thousand type idea if building a portfolio within this.

    Much appreciated. thanks!
    • takesyourchances
    • By takesyourchances 24th Feb 18, 8:00 PM
    • 649 Posts
    • 414 Thanks
    takesyourchances
    Added my first purchase on property partner, 250 plus the fees into the block of 13 flats in Sheffield. It's let me see how the account and process works. The site runs well and the information is good.

    When adding to the account I will add in blocks of 250 as above idea be 4 properties per thousand and will leave these for the long term and see how this goes. Quite interested in this as I have 4 properties myself which includes 3 overseas and I don't want to buy any more full properties as such at the moment, so this way lets me get involved in another way.

    Will just add to the account as I feel and build it up this way.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

33Posts Today

3,760Users online

Martin's Twitter