littleoldlady
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Post by littleoldlady on Feb 2, 2017 21:25:28 GMT
Yes, investors might be wise to invest for the rental yield and treat any capital gain as a bonus. Unfortunately the headline yield is greatly depressed by PM's costs and void periods etc. Depressed mainly by the very, very long void periods. I can't even understand how properties can remain unrented for so long. Maybe the lack of demand for rental of a property is why PM are able to pick it up at a discount to OMV.
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kaya
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Post by kaya on Feb 3, 2017 10:22:55 GMT
Exactly. Which is why these deals are good business for PM, but perhaps not so good for us. For an advertised (to us) 'buy to let' investment, some of the occupancy rates are pretty apalling, and I think a new approach might be needed to either get properties let out more effectively, or else sold off early.
Looking on the bright side however, the secondary market is remarkably robust, despite all this and the fees too. In fact, some of the sales I've made appear financially suicidal to me. But this is the draw: click on buy, and hey, you are a property-owning landlord!
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littleoldlady
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Post by littleoldlady on Feb 16, 2017 17:14:47 GMT
Looks like a bargain then? I am tempted. Later: I have bought it. Wow you're brave...! So now that you can presumably see the offer, was it a bargain Finally paid out today 16.2.17! I paid £525.30 inc fee and received a total of £534.30 so a profit of £9.00. So, no it was not a bargain but I am glad I bought it as it did not cost me anything (well apart from about £10 in lost interest) and it gave me a valuable insight into the business. I shall try and dispose of my holdings on the SM.
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ben
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Post by ben on Feb 16, 2017 17:29:13 GMT
Did you get any rental income in that time? or is the final figure including that.
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littleoldlady
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Post by littleoldlady on Feb 16, 2017 17:56:05 GMT
Did you get any rental income in that time? or is the final figure including that. Yes that includes the rental, but remember I only bought it last October.
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Post by propertymoose on Feb 17, 2017 13:57:06 GMT
Hi all, Thank you for the feedback! We genuinely value what you have to say about the service we offer, which is why we've decided to host a focus group to address these concerns. To ensure the discussion is useful and stays on track, we would like you to submit specific queries and questions. You can do this by completing the form linked below: h.propertymoose.co.uk/ask-us-anything-event For those of you who might not be able to attend, we encourage you to submit your questions too! We hope to film the focus group and upload it to our blog so that you can catch up in your own time. We hope you choose to make the most of this opportunity so that we can provide the best possible service. We look forward to hearing from you soon! |
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adrianc
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Post by adrianc on Feb 17, 2017 14:03:08 GMT
Hi all, Thank you for the feedback! We genuinely value what you have to say about the service we offer, which is why we've decided to host a focus group to address these concerns. To ensure the discussion is useful and stays on track, we would like you to submit specific queries and questions. You can do this by completing the form linked below: h.propertymoose.co.uk/ask-us-anything-event For those of you who might not be able to attend, we encourage you to submit your questions too! We hope to film the focus group and upload it to our blog so that you can catch up in your own time. We hope you choose to make the most of this opportunity so that we can provide the best possible service. We look forward to hearing from you soon! Any indication of where it might be held...?
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Post by propertymoose on Feb 17, 2017 14:10:46 GMT
We've left the option open for now, but if you click "Yes" on the "Would you attend this event?" question, you'll notice a drop-down box which offers the option of London or Liverpool  |
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hazellend
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Post by hazellend on Feb 24, 2017 19:55:57 GMT
Must be capital gains. Major downside of owning property through ltd company is no CGT allowance before paid out, but at least no further tax to pay for most people withing CGT allowance in personal tax return,
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littleoldlady
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Post by littleoldlady on Feb 24, 2017 21:04:23 GMT
Capital gain? You should be so lucky. See SPV2
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Post by sayyestocress on Feb 25, 2017 14:22:55 GMT
So is SPV2 a capital loss for those selling out to the crowd in SPV2.1? Looks like it from the numbers that can be gleaned from the website. The SPV2.1 property "purchase" price is listed as £65k (£68.5k after fees/expenses). The original deal size for SPV2 was £69.5k after fees/expenses. The selling to the crowd looks like an awkward balancing act option for PM; they need to try and please their customers selling out without overcharging the customers who want to buy in, whilst keeping those keeping their share of the property happy that the new entrants aren't getting a sweeter deal than them. It looks like only SPV1 has been sold to a party outside of PM with the SPV 3 and 4 listings implying they're about to handled as SPV2 has just been with some shares to be re-listed. I wonder if these will show some capital gain....? Personally I'm in PM for the dividend and took the opportunity to buy into SPV2.1 for it's ~6% yield with a longstanding tenant.
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