|
|
Post by propertycalf on Nov 19, 2018 19:04:17 GMT
When do people think we will see our money again, if at all?
|
|
hazellend
Member of DD Central
Posts: 2,363 
Likes: 2,180
|
Post by hazellend on Nov 19, 2018 19:23:34 GMT
When do people think we will see our money again, if at all? Not possible to say. Hopefully before Christmas
|
|
m203
Member of DD Central
Posts: 54
Likes: 6
|
Post by m203 on Nov 26, 2018 13:08:54 GMT
So, valuations will soon be done? I am guessing they will be a kick in the balls, but I really want out.
|
|
|
|
Post by queenvictoria on Nov 27, 2018 7:34:31 GMT
So, valuations will soon be done? I am guessing they will be a kick in the balls, but I really want out. Updates seem to be monthly (28 Sept, 30 Oct) so I guess we will hear more in the next couple of days. I'm keen to exit too but will depend on valuations of course.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 27, 2018 11:16:27 GMT
So, valuations will soon be done? I am guessing they will be a kick in the balls, but I really want out. Updates seem to be monthly (28 Sept, 30 Oct) so I guess we will hear more in the next couple of days. I'm keen to exit too but will depend on valuations of course. I’m guessing you won’t be exiting in that case. Valuations likely to be very low
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Nov 27, 2018 20:07:28 GMT
Updates seem to be monthly (28 Sept, 30 Oct) so I guess we will hear more in the next couple of days. I'm keen to exit too but will depend on valuations of course. I’m guessing you won’t be exiting in that case. Valuations likely to be very low Indeed. A 4 week valuation is a complete nonsense. It typically takes more than 4 weeks after a sale has been agreed to complete. Specifying such a short time can only be designed to force the valuer to come up with a very low figure.
|
|
|
|
Post by queenvictoria on Nov 29, 2018 12:50:35 GMT
I’m guessing you won’t be exiting in that case. Valuations likely to be very low Indeed. A 4 week valuation is a complete nonsense. It typically takes more than 4 weeks after a sale has been agreed to complete. Specifying such a short time can only be designed to force the valuer to come up with a very low figure. Is that what 4 week means ie 4 weeks to completion? I'd assumed it would be 4 weeks to exchange.
|
|
benaj
Member of DD Central
N/A
Posts: 5,591
Likes: 1,735
|
Post by benaj on Nov 29, 2018 15:19:28 GMT
There was an update released on 4th Nov, titled "Frequently Asked Questions
(Last Update: 4 November 2018)"
UKDPP aims to rebalance the portfolio with the partnership of another management Bl***** T*** Group before listing as a REIT in the future. REIT, aims to deliver rental returns of 5 – 6% p.a. and total returns of 8 – 10% p.a. once fully deployed and tenanted.
"Our current portfolio is heavily focused on social housing style assets which have the potential to deliver rental yields that outperform the market. However, it is the intention to re-balance the portfolio between Q4 2018 and Q4 2019 through the acquisition of additional properties, focusing on key city centre locations where professionals will be our core target tenant."
The FAQ states email support@ukdiversifiedproperty.com if anyone have any questions.
There is a lot of unknown for the future, and I never expected most of the PM parts to become REIT.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 30, 2018 16:47:01 GMT
Today’s newsletter -The new team sound competent so presumably all the clueless lot from PM are not involved.
Warning shot at the end of letter, valuations likely to be tear inducingly low
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 30, 2018 16:47:42 GMT
Today’s newsletter -The new team sound competent so presumably all the clueless lot from PM are not involved. Warning shot at the end of letter, valuations likely to be tear inducingly low[ thanks to PMs abysmal purchase prices /quote]
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Nov 30, 2018 17:05:43 GMT
On the other hand they may have boxed themselves into a bit of a corner with their bragging about rental levels. A valuation of a tenanted property should be the NAV of the ongoing rent, with reasonable adjustments for voids and maintenance.  But maybe I am being over-optimistic.  |
|
|
|
Post by queenvictoria on Nov 30, 2018 17:08:35 GMT
One good sign is that the newsletter itself was delivered on time for the 3rd month on the run ! The tone was positive and upbeat. The news was good but yes, there does seem to be a sting in the tail for those of us keen to cash out.
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Nov 30, 2018 17:30:50 GMT
One good sign is that the newsletter itself was delivered on time for the 3rd month on the run ! The tone was positive and upbeat. The news was good but yes, there does seem to be a sting in the tail for those of us keen to cash out. Well I'm sure if anyone wants to change their minds about cashing out they'll be happy to accommodate. Personally I was always rather sceptical about how successful short term property investments might be anyway (interestingly my first House Crowd property is also just reaching maturity, and I'm really not confident on that one...) and would in fact have preferred longer terms from the get go (part of the reason I went into p2p etc in the first place was because I couldn't face the "hassle" of having to buy multiple BTLs at once and manage them - ah poor me trying to deal with a windfall #firstworldproblems I know). So I'm very happy with the way things are developing....and every time they offer the option to transfer more into UKDP I'm going for it. Sure I expect to end up crystallising losses against some (a lot of?) properties but my S&S guys will be happy to use them, and once the portfolio is working well things can only get better.....it may take a while but I'm quite sure I'll end up recovering from any "adjustment" in the longer term. Which maybe won't be a popular view here (note to self don't post when starting to drink early), but if you aren't utilising your CGT allowances then you really really should be, but hey, I used to be scared of capital gains too until I realised how they really worked, and how biased the system is towards them. Course I'm only investing cash I really don't need in the short or medium term, and maybe not even long, and quite possibly wouldn't have invested in any of the companies discussed on this forum otherwise so it's easy for me to be blunt.
|
|
jnm21
Posts: 441
Likes: 167
|
Post by jnm21 on Nov 30, 2018 19:26:24 GMT
Thanks to all who have participated in this thread - I just read over it to bring myself up to speed, after having, emm, stuck my head in the sand because the whole thing is too depressing!
I especially agreed with the PM are magicians at stepping away unscathed sentiment someone expressed - I realised a long time ago that the deck was always stacked in PM favour - win, lose or draw, they win (at least don't lose) - the PMF investors take the risk on the initial outlay, the BTL investors take over the risk & hey if they dare to see a return PM take their 'in it together 15%' - I never did get an answer if 'in it together' stretched to them taking a 15% share of any losses (that was always going to be a no).
Does anyone know when the make a life affecting financial decision with limited information in just 5 short days window is likely to be? I'm going to guess over Christmas to give maximum distress to folk agonising over it.
God I love PM!
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Dec 6, 2018 10:19:55 GMT
The first batch of valuations is in. As expected there is a large discount for the 4 week valuation - about 25% for my properties. I will take the hit and escape.
|
|
