Property118 needs your help please

by Mark Alexander

17:11 PM, 16th July 2015
About 3 years ago

Property118 needs your help please

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Property118 needs your help please

We would like to see Property118 advertised on National TV and we’re hoping you will want to help. Looking for more support

We have launched a crowd funding campaign, the minimum investment is just £10.

You will get a 50% tax credit/rebate on any amount you commit, plus CGT benefits under SEIS rules.

You will also get shares in our new property portal so it’s an investment opportunity too.

If you would like to see Property118 grow and be exposed to a lot more landlords via TV advertising please get involved. Sharing this article via Social Media will help too.

CLICK HERE for more details and to see how the fund raising is coming along.

Here’s a summary of our financial forecasts for the new property portal, which will be held in a new company.

Property118 Portal Ltd Projections Summary

To request a copy of our full business plan and projections please email mark@property118.com

More SEIS tax perks

For investors who realised capital gains during the 2013-14 tax year, SEIS reliefs allow you claim up to:

  • 78% of your investment back if the startup succeeds – and you pay no CGT when you sell your shares; or
  • 100.5% of your investment back if the startup fails – allowing you to invest in startups with the potential of full downside protection.

If you realised capital gains during the 2014-15 tax year, SEIS and related reliefs allow you claim up to:

  • 64% of your investment back if the startup succeeds – and you pay no CGT when you sell your shares; or
  • 86.5% of your investment back if the startup fails – significantly reducing any losses you incur when investing in startups.


Comments

Mark Alexander

22:54 PM, 17th July 2015
About 3 years ago

Just checked and we've raised £24,00 of our £150,000 target already and have 13 investors on board. The lowest amount invested is £10 and the highest so far is £10,000.

Thank you to all who have committed to our mission thus far and we look forward to watching the total rise.

Mervin SX

9:41 AM, 18th July 2015
About 3 years ago

Mark,

Sounds interesting - must be pretty exciting in the Alexander household to get this venture going. As I said on another post, I am interested but I'm sceptical too.

A glaringly obvious question is - how do you forecast a 6-fold increase in your turnover from year 1 to year 2? If these details are in your business plan - could you please email me a copy?

Thanks,
Mervin

Mark Alexander

10:40 AM, 18th July 2015
About 3 years ago

Reply to the comment left by "Mervin SX" at "18/07/2015 - 09:41":

Will do, and yes it's all covered in the business plan 🙂
.

Mark Alexander

10:43 AM, 18th July 2015
About 3 years ago

Reply to the comment left by "Mark Alexander" at "18/07/2015 - 10:40":

Done 😀

Please post any questions on our Seedrs pitch Q&A page, it saves me having to answer the same questions multiple times.

Link >>> https://www.seedrs.com/property118-portal-ltd?promo_code=KGQF4HD2
.

Anon

11:27 AM, 18th July 2015
About 3 years ago

What impact do you think the budget announcements regarding landlord tax will have on your plans?

Mark Alexander

11:52 AM, 18th July 2015
About 3 years ago

Reply to the comment left by "Anon " at "18/07/2015 - 11:27":

Good question!

As a highly geared landlord I am campaigning for that particular budget announcement to be altered or withdrawn The consequences could be devastating for the economy, not just landlords.

If the new taxation plans are implemented without amendment it will certainly disrupt the property market. From the perspective of a property portal, disruption of the property market is no bad thing because it results in a higher number of property transactions.

I suspect around 50% of landlords would need to sell and that a new breed of corporate landlords will buy. Also, I expect the new grey market (pensioners using saving or liberated pension funds) to buy for cash or with the benefit of 50% gearing through equity finance. The latter isn't treated as a finance cost (the shared appreciation is treated by HMRC as capital) and will suit the grey market requirements of cashflow due to there being no monthly payments of capital or interest associated with this type of funding. Both of these types of landlords are more likely to buy property with established tenants than to buy with vacant possession.
.

Gary Nock

18:16 PM, 18th July 2015
About 3 years ago

Hi Mark. As I voluntary subscribe each month does this count? I am sure there are others that do the same?

Mark Alexander

11:36 AM, 19th July 2015
About 3 years ago

Reply to the comment left by "Gary Nock" at "18/07/2015 - 18:16":

Hi Gary

The running costs of the forum and new feeds are totally reliant upon donations and sponsorships. Donations from members cover around 5% of these costs which include Amazon S3 servers, Content Delivery Networks, web-development, and email servers capable of sending literally millions of newsletters and comment notifications to members every month. For the first two years this was all funded by just four people, 70% of it by me personally. During that time we also had offices and a team of 12 employees. Property118 is now run by just 4 people working from our homes, everything else is outsourced.

The portal is a completely separate business venture but there is a synergy between the two. For example, the TV advertising should attract more members to our news articles and forum. This has spin off benefits to our sponsors and also a greater knowledge pool in terms of increased membership. Hopefully, some of these new members will also make voluntary donations and we will all be able to benefit in terms of strength in numbers, for example in terms of forming more buying groups and also in terms of lobbying.

I trust that answers your question and that we can count on your continued and generous support.
.

Mark Alexander

11:41 AM, 19th July 2015
About 3 years ago

I am delighted to report that we have now raised £39,880 of our £150,000 target and have 17 investors on board.

It is Seedrs standard practice to keep fund raises private for the first two weeks.

The second phase lasts for 6 weeks and Seedrs will open investment up to their entire membership.

We are hopeful that we will hit our target during the initial two week period on the basis that every investor will be an existing Property118 member. We have just over a week left of phase one.
.

Barry Fitzpatrick

12:58 PM, 19th July 2015
About 3 years ago

I am interested in investing but I would like to get more detials on the marketing and finance plans.

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