Own a stake in Property118 Portal Ltd

by Mark Alexander

17:59 PM, 13th July 2015
About 3 years ago

Own a stake in Property118 Portal Ltd

Make Text Bigger
Own a stake in Property118 Portal Ltd

The following snapshot of our projections should be read in line with our business plan and detailed projections (available on request) together with the crowd funding pitch linked below. Own Shares in the Property118 Rental Property for-sale Portal

Property118 Portal Ltd Projections Summary

We are raising funds to launch a national TV advertising campaign of our property portal by selling 10% of the shares in Property118 Portal Ltd via the Seedrs crowd funding platform.

The minimum amount of investment is £10 and we are only releasing £150,000 worth of shares.

The portal is fully operational and can be found on our home page.

To review our pitch please CLICK HERE

To incentivise investors to back small businesses and to compensate for the high risks associated with buying shares in start up companies the Government introduced the “Seed Enterprise Initiative Scheme” often abbreviated to SEIS. Investors receive a 50% tax credit/rebate on all shares purchased, plus additional CGT benefits, regardless of what rate of tax they pay! See this link for more details.

Property118 Portal Ltd should should drive more traffic (and hence sponsors and donations) to the other pages on Property118.com, which in turn should secure and enhance the viability of the Q&A forums, news, calculators and research tools provided for Property118 users, all are which are free to use and are funded by sponsorships and donations..

Before you are able to purchase shares you will need to self-certify that you are a sophisticated investor or complete a short test to comply with FCA regulations. This is because Crowd Funded investments into start-up businesses are notoriously risky (two out of three fail within two years) and you could lose every penny of your investment if things don’t go to plan. That’s why the SEIS scheme was created.

I also need to make it clear that investing into Property118 Portal Ltd will not make you an owner of Property118.com. The details of the relationship between the two are documented in this legal agreement. In layman’s terms (especially for property people) I hope the following explanation will help.

A business called Innovative Landlords Solutions began building Property118.com in 2011 with the intention of it eventually becoming an online shopping mall for landlords as well as a useful resource tool. Each of the businesses promoting their products and services in that mall would be tenants and pay rent (in the form of sponsorships). Alternatively, the founders of Property118.com would own shares in their businesses or have revenue sharing arrangements in place with them. The money raised (along with donations of course) is used to fund the running of the website, the news feeds, salaries, and specialist advice. It is vital to all members that we preserve the integrity of the website as a whole.

LettingSupermarket.com is one of the businesses we own shares in and as you may be aware they recently completed their own Crowd Funding and are doing very well. Property118 Portal Ltd is another separate business, the difference being that the founders of Property118 (myself, Neil Patterson etc.) are the shareholders, and you could be too.

The portal is the anchor tenant in our virtual shopping mall so naturally it gets the prime location, the home page of Property118.com, and it doesn’t have to pay any rent either. We think that’s only fair given the amount of personal time and money we’ve pumped into Property118.com – we hope you will agree. It is 10% of the shares in the business known as Property118 Portal Ltd that are available to invest into, NOT Property118.com or Innovative Landlord Solutions LLP.

To see our pitch on the crowd funding platform please CLICK HERE

If you would like to receive a copy of our full business plan and projections please email mark@property118.com

All the best

Mark Alexander – co-founder of Property118.com



Comments

Carol Thomas

18:42 PM, 13th July 2015
About 3 years ago

Hi Mark
I am your very first investor! Not the hugest amount you are likely to get but I guess it all helps. Hope all goes well with the rest of the funding.

Mark Alexander

18:44 PM, 13th July 2015
About 3 years ago

Reply to the comment left by "CaZ " at "13/07/2015 - 18:42":

Congratulation CaZ!

I see that you are anonymous on the crowd funding platform. No need to be shy, it can only be seen by invitation only for now, unlike this forum thread LOL.

Thank you so much for your faith in our project 😀
.

Carol Thomas

18:49 PM, 13th July 2015
About 3 years ago

Aw shucks, I'm just naturally shy,lol.....I wasn't sure at the time so when in doubt.....
I am really happy for you and I know it will happen. Having said that a lot may rest on "gorgeous George's" tax decision. I'm hoping it won't affect me too much, I'm quite a small investor.
Good luck, Bon chance etc

Mark Alexander

18:56 PM, 13th July 2015
About 3 years ago

Reply to the comment left by "CaZ " at "13/07/2015 - 18:49":

Thanks CaZ, regardless of the outcome of the budget, there will still be plenty of people buying and selling tenanted property for many years to come.

You could look upon this investment as hedging your bets 🙂
.

Carol Thomas

18:58 PM, 13th July 2015
About 3 years ago

I think you're right on the ball there Mark! My accountant has just sent me an email regarding his interpretation of the Budget. Too long to read now, I've got serious "118 eye strain"

Mark Alexander

20:16 PM, 15th July 2015
About 3 years ago

We have raised £17,250 and have 7 investors already - thank you to you all and welcome on board.

Please help us to spread the word 😀
.

Mark Alexander

21:06 PM, 15th July 2015
About 3 years ago

Make that 8 investors and £19,500

Welcome on board Mark Hartnell and thanks for the wonderful feedback you left on the Q&A section of our pitch on the Seedrs website
.

Luke Marchbanks

22:27 PM, 15th July 2015
About 3 years ago

Hi Mark

Firstly I just wanted to say that I think you have done a really great job with the forums which must have helped thousands of landlords - myself included most recently as I begin my BTL adventure!

In terms of the portal investment, the projections look very interesting but could you provide me with some actual performance to date? (Maybe in a private mail if you would prefer).

Many Thanks
Luke

Mark Alexander

22:32 PM, 15th July 2015
About 3 years ago

Reply to the comment left by "Luke Marchbanks" at "15/07/2015 - 22:27":

Hi Luke

It's a brand new venture, we've been holding back from the crowd funding launch until we were happy with the functionality of the portal. We launched v1 of the portal on 30th April but we were not happy with it, hence we gave those who listed free upgrades.

V4 which is the latest version only went live last week, we are now happy with it.

Since then we've had 96 properties listed and over 500 property alerts set up. This means that in a very short space of time we have over 500 people waiting for properties to be listed. We are confident there will be a lot of listing when our crowd funding is completed and we launch the TV advertising.

It is very early days but the initial signs are extremely promising.

Hope that helps 🙂
.

Mark Alexander

22:33 PM, 15th July 2015
About 3 years ago

Reply to the comment left by "Luke Marchbanks" at "15/07/2015 - 22:27":

PS - thanks for the compliments 🙂
.

1 2

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Want to avoid empty properties over Christmas?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More