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  • 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 2
    • anandp
    • By anandp 28th Feb 18, 1:44 PM
    • 270 Posts
    • 30 Thanks
    anandp

    How much would you generally invest per property and generally what sort of yield are you getting?
    Originally posted by takesyourchances
    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.
    Interested in property investment, web tech, social media, forex, equities. Also a proud father & entrepreneur of sorts.
    • takesyourchances
    • By takesyourchances 28th Feb 18, 5:41 PM
    • 654 Posts
    • 420 Thanks
    takesyourchances
    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.
    Originally posted by anandp
    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
    • By roy73 15th May 18, 11:32 AM
    • 6 Posts
    • 4 Thanks
    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
    • By takesyourchances 15th Jun 18, 6:26 PM
    • 654 Posts
    • 420 Thanks
    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 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
    • By justme111 15th Jun 18, 7:39 PM
    • 3,018 Posts
    • 2,914 Thanks
    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
    • By takesyourchances 15th Jun 18, 9:16 PM
    • 654 Posts
    • 420 Thanks
    takesyourchances
    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?
    Originally posted by justme111

    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.
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