Yeah but you still yield about 4% on your money after tax so not badMy main concern with crowfunding in this country is tax really.
How do you come up with that 4% please? Given that any gain is subject to PRSI, USC and income tax?Yeah but you still yield about 4% on your money after tax so not bad
Builders with proven track records, low default rates, and equity in deals construct properties in prime locations, ensuring quick sales. Conservative loan-to-value ratios, collateral like company shares, and first legal charges provide added security. Of course always risks involvedAs an investor, what happens if a development:
- doesn't complete (part built, then there's cost problems, lack of labour, builder goes bust etc).?
- doesn't generate sufficient sales revenue to clear all debt?
- falls significantly behind schedule, and you need your money back?
Builders with proven track records, low default rates, and equity in deals construct properties in prime locations, ensuring quick sales. Conservative loan-to-value ratios, collateral like company shares, and first legal charges provide added security. Of course always risks involved
75% isn't a conservative LTV.Conservative loan-to-value ratios
I think it's because they were badly burnt in 2008 and still haven't gotten over itThat's all the criteria for a Bank to lend, so why would they need to go to Property Bridges, where I'd expect that they have to pay a higher price for their funding?
yes but they do vary75% isn't a conservative LTV.
The developers?I think it's because they were badly burnt in 2008 and still haven't gotten over it