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Barriet
New Member
See next post please
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Michelle Barringer
Member
Forum Partner
In summary it sounds really good - but i would suggest that you need to double check the figures independently and ensure you have a good contract and a 1st charge over the property. You also need to agree some sort of exit strategy if you needed the money before the end of the 10years.
Nicholas Wallwork
Editor-in-Chief
Staff member
Premium Member
I have offered similar returns to JV investors but give them the ability to give between 1-2 years notice if they need their money back. I have raised over £3.1m of investment in this way using JV investors just like yourself...
As Michelle says ensure you have a 1st charge security and any default of the loan gives you control to force a sale etc... A good lawyer will need to be used to cover yourself. I have a JV loan solicitor I can introduce if you message me.
If you have £100k or more to invest I'd also be interested to speak to you.
As always be careful and just because they are a friend you shouldn't cut corners with the legal checks and security.
As Michelle says ensure you have a 1st charge security and any default of the loan gives you control to force a sale etc... A good lawyer will need to be used to cover yourself. I have a JV loan solicitor I can introduce if you message me.
If you have £100k or more to invest I'd also be interested to speak to you.
As always be careful and just because they are a friend you shouldn't cut corners with the legal checks and security.
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Judith Beilby
Member
Premium Member
I am interested to know how he is going to pay you the 10%. I assume the plan is to rent out the property to pay the return?
Have you gone through the rents achievable in the area and are you confident that occupancy will be high?
Due diligence in any property investment is key, don't rely on anyone else's info. I would certainly want a clear exit strategy, you never know when you might need the money back.
Have you gone through the rents achievable in the area and are you confident that occupancy will be high?
Due diligence in any property investment is key, don't rely on anyone else's info. I would certainly want a clear exit strategy, you never know when you might need the money back.
Nicholas Wallwork
Editor-in-Chief
Staff member
Premium Member
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Barriet
New Member
Hi there these are all good questions
Firstly the covering of the 10 %yield monthly is done by the owners ( the current tenements ) still living there for a period of 5 years and paying the yield instead of rent. They have lived there for 25 year already
Secondly the exit strategy would be at the 5 year point ( due to the right to buy discount scheme) . The property would be sold with the current tenents having the first option to buy . Any appreciation would be granted however the Right to buy owner would take any depreciation out of there equity therefore guaranteeing the initial investment from the investee
Firstly the covering of the 10 %yield monthly is done by the owners ( the current tenements ) still living there for a period of 5 years and paying the yield instead of rent. They have lived there for 25 year already
Secondly the exit strategy would be at the 5 year point ( due to the right to buy discount scheme) . The property would be sold with the current tenents having the first option to buy . Any appreciation would be granted however the Right to buy owner would take any depreciation out of there equity therefore guaranteeing the initial investment from the investee
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sergerybrin
Member
In summer season it's sounds good to investment in real estate property. But it's also depend 's on market trends.. Real estate is one of the business where up down generally comes..If you think about investment in real estate property then you should get know about market prices ..
