Property partner...

lizard

Well-hung member

Jul 14, 2005

3,332

• Apr 3, 2016

• #1

I've been asked by a family member for my thoughts on propertypartner.co https://propertypartner.co as an investment option.
Aside from seeing adverts on the tele I am clueless. (As are they.)
So I thought maybe the infinite brain of NSC could cast judgement in usual binfestery carnage.
Many thanks in advance if I get any sensible replies.

 

Triggaaar

Well-known member

Oct 24, 2005

50,168

Goldstone

• Apr 3, 2016

• #2

http://moneyweek.com/property-crowdfunding-may-look-tempting-but-its-very-risky/

 

lizard

Well-hung member

Jul 14, 2005

3,332

• Apr 3, 2016

• Thread starter
• #3

Triggaaar said:

http://moneyweek.com/property-crowdfunding-may-look-tempting-but-its-very-risky/

Click to expand...

Thanks, good read.

Has anyone on here ever invested in this manner?

 

South Stand Bonfire

Who lit that match then?

NSC Patron

Jan 24, 2009

2,195

Shoreham-a-la-mer

• Apr 3, 2016

• #4

Haven't invested in this but having been au fait in property financing for a good number of years I would not recommend this, It seems heavily weighted against the investor for the risk you would be putting your capital at and I suspect you will be an unsecured creditor if anything went wrong with the company. Also the dividends quoted on the amount invested to date seems very low; less than 1% and not sure if this is even per annum. Stay clear is my advice.

As a comparison, any company that provides unsecured property finance in the commercial world would normally require 20% pa + return to cover its risk.

 

sparkie

Well-known member

Jul 17, 2003

12,504

Hove

• Apr 3, 2016

• #5

My guess is that there will be a news story in a couple of years time about lots of people losing their money in this.

 

Triggaaar

Well-known member

Oct 24, 2005

50,168

Goldstone

• Apr 3, 2016

• #6

South Stand Bonfire said:

Haven't invested in this but having been au fait in property financing for a good number of years I would not recommend this, It seems heavily weighted against the investor for the risk you would be putting your capital at and I suspect you will be an unsecured creditor if anything went wrong with the company. Also the dividends quoted on the amount invested to date seems very low; less than 1% and not sure if this is even per annum. Stay clear is my advice.

As a comparison, any company that provides unsecured property finance in the commercial world would normally require 20% pa + return to cover its risk.

Click to expand...

Sounds about right.