Property partner 'gearing,?

[Lea79]

Hi guys ????

I was hoping some1 could explain the benifits of property partners new theme gearing to me in plain English.  

I don't see the benefits of securing debt on a property they could probably sell out right on their platform.

thanks 

[HighlandTiger]

simply put.... I can't get my head round it either. Other than you could gain more or lose more with this type of investment. Basically I read it as a version of spread betting for property. And for that reason I'm out.

Although I'll still invest in PPs normal properties

[HighlandTiger]

Although it looks as other people were happy to invest in it. Sold £466k in minutes to 157 investors averaging at £3k per person. Someone likes the idea that's for sure

[Lea79]

By the time I'd opened the email, read all about gearing and clicked look at property it was already sold out.  Must b record sell out time.

 

I mite chuck in a fifty quid on the next gearing 1 just to see how it goes.  If I can get there in time. I don't gamble on anything else so bugger it lol.

 

Any1 manage to get any shares?

[Roy]

I sold some shares today from a property that I bought in June.

£101.90 worth of shares sold for £110.00.

Realised capital gains: £8.10 in 4 months!

From little acorns, giant oaks...... 

[HighlandTiger]

I sold some shares today from a property that I bought in June.

£101.90 worth of shares sold for £110.00.

Realised capital gains: £8.10 in 4 months!

From little acorns, giant oaks...... 

Tower Mint apartments ?

[Roy]

Yup. Flat 2.

I put a bit into each property (flat), and I've turned a shilling on all of them 

You too HT?

 

[HighlandTiger]

Got £50 each in all three of those flats. Think they've got a way to go before the price tops out.

I'm in 13 properties at the moment. all either £50 or £100. Dabbling at the moment, but could end up putting a decent whack of money into PP. 

Nice to see the secondary market is working. How long did it take to sell those shares?

 

[Roy]

I agree. I only sold some of my shares...as you say, still dabbling.

I put them up on Friday and they sold Sunday. I found out today.

I'm into 26 properties but I probably started earlier than you. I've a positive feeling about PP, but still cautious. £50 a throw seems safe.

[SilverPirate]

I see PP are really stepping up the advertising of there product ,in papers, on you tube adverts, and massive bill boards on the way into London on the train.

 

 

[HighlandTiger]

I see PP are really stepping up the advertising of there product ,in papers, on you tube adverts, and massive bill boards on the way into London on the train.

 

 

Don't want it to become too popular, I want to get my slice of the pie first.;) 

[Uwink]

Having a little dabble myself, only in one property at moment but about to add another 

[Roy]

Cointreau....are you having a dabble here too?

[Roy]

I've got my fingers in 74 pies properties now 

[Lea79]

74 wow that's loads!! is that all with property partner or another pie shop? 

[Roy]

All from PP. They floated 42 properties today. (42 flats in a grade II listed converted mill). 

[Lea79]

Was that the gearing property out yesterday? 

[Roy]

Yes, sorry it was yesterday.

It was funded in 10 minutes.

[Lea79]

I tried to get some shares but by the time I'd got there they'd gone. 10 mins is super fast.  I'll have to pre fund my account nxt time.

[SilverPirate]

I was looking at the mill to invest in came back here to do due diligence on the gearing to get my head round it and then realized its fully funded,That is a big investment for PP and to fund it in such s short space of time shows they have the power now to grow big time.

There is people taking this investment module very serious.

[Lea79]

There is a new gearing property going up 2day.  It's from the tower bridge block of flats.  Ive got my cash ready and I'm gonna b there at 1230 on the dot.  I just hope the divided is as high as the mill property.  

 

[HighlandTiger]

1 hour ago, Lea79 said:

There is a new gearing property going up 2day.  It's from the tower bridge block of flats.  Ive got my cash ready and I'm gonna b there at 1230 on the dot.  I just hope the divided is as high as the mill property.  

 

ssssssshhhhhhh. Don't tell everyone. Well not until I've got my few quid on it.

I'm gonna be there there 1229 on the dot. Fingers hovering over the key board ;)

[HighlandTiger]

and we have a new record,..........................

by my calculations, £1,150,000 raised in around 150 seconds

I got my little slice......did anyone else? 

 

I'm a bit wary about the "gearing" model, but as i had bits of the other flats in the block, I thought I'd might as well get the rest

[morezone]

I missed out.  Checking the forum on my phone and saw today's posts.  Just hit 12.31 so logged in on PC and the property was already 34% funded.  Loaded account and was able to click the invest button but on the final confirmation it was already fully funded. Never mind.

[Roy]

I did.....and then I took a risk.

I bought cheap shares in the other properties in the block, and the share price increased immediately.

As is often said here, a good day!