Looking to connect with investors who have purchased student pods
10:09 AM, 5th April 2015, 11 years ago
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I’m a new member and I’m trying to connect with anyone who has (or is thinking of) investing in one of the many Student Pod accommodation and Care homes with a guaranteed net income.
At face value they seem like a great deal, but can anyone advise their own experiences?
Looking forward to using this site and meeting new people.
Michael
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Member Since May 2014 - Comments: 252
12:44 AM, 10th April 2015, About 11 years ago
Reply to the comment left by “Alex Jobling” at “09/04/2015 – 14:29“:
Hi Alex,
Its next to the Revolution bar in Westgate road just up the road from the St Nicholas Cathedral.
Member Since May 2014 - Comments: 252
1:28 AM, 10th April 2015, About 11 years ago
P.S. I wonder if they take mature students 🙂
Comments: 5
6:56 AM, 10th April 2015, About 11 years ago
Wouldn’t touch this with a barge pole.
You can’t get a mortgage for these so the only resale is to another investor. Why would they buy second hand with no rent guarantee?
Also After the guarantee period what true rental income will you left with? Most likely nothing to a lot less than the guarantee once you’ve paid the management fees and start getting true market value rents. This reminds me of the buy a hotel room scheme from a few years ago. Who made money out of that?
I’d guess the guaranteed rent is subsidised by the over priced value in the first place or new properties being sold to cover the guarantees on the old one.
There have been some companies doing this that have already been taken to court/gone bust.
Run while you can.
Comments: 9
2:38 AM, 11th April 2015, About 11 years ago
Hello Alex
Nice to receive your reply and had I known this earlier I would have probably gone forth with it. However I was at the initial stages learning about such projects.
Please feel free to let me know if you here of any other good sounding projects.
Best wishes
Michael
Comments: 9
2:42 AM, 11th April 2015, About 11 years ago
Great to hear your direct comments and very much appreciated!
The cost was 50K with a guarantee of 10% net per annum!
If it all fell through, you would be left with at least an empty apartment within a good location right? I’m prepared to take some risk just as long as I don’t lose the property I invested in.
Best wishes
Michael
Comments: 9
2:44 AM, 11th April 2015, About 11 years ago
Reply to the comment left by “Cave Man” at “10/04/2015 – 06:56“:
The guarantee rental period on the Sunderland project is for 10 years
Comments: 9
3:10 AM, 11th April 2015, About 11 years ago
Reply to the comment left by “Colin Dartnell” at “07/04/2015 – 00:39“:
Colin, may I ask which agent you purchased your properties through?
Regards
Michael
Comments: 9
3:10 AM, 11th April 2015, About 11 years ago
Reply to the comment left by “Alan Bromley” at “05/04/2015 – 16:42“:
Alan, may I ask which agent you purchased your properties through?
Regards
Michael
Comments: 9
1:20 AM, 10th May 2015, About 11 years ago
Reply to the comment left by “Colin Dartnell” at “10/04/2015 – 01:28“:
Hello Colin,
Sorry to push for this but would you mind to share which agent you purchased your student pod properties through?
Regards
Michael