|
Hi all,
just thinking about setting up a fully FSA regulated proeprty fund trying to maximise returns for investors by using a venture capital company corperate finance structure - ie an ability to find extra money and gear on money in the fund - potentially higher than individually ie higher than standard 85%LTV - when useful to do so and margins allowed by internal accounts auditor.
Combining this extra buying facility with experts in the field of purchase and experts in the field of building / developing / planning / refurbing /selling / letting. Most of these service will be in house to reduce cost and reduce added risk of sub contracting.
This potentially means if managed properly by the directors , the fund could be safer(as it spreads risk across many propery projects) and potentially make higher returns than private deals due to finance position and experts in the fields.
Assuming the directors don't take too higher cut of the profits what do you all think?
if the fund was set up would anybody be interested investing?
(probably be classified as a high risk fund due to the potential gearing, but should make larger profits than acheivable individually).
Regards Andrew Peers
please email if generically interested/ could offer suggestions or ideas / would like to know more as and when info is available - andrewpfs@aol.com
|
|
andrew,
what kind of returns are you projecting?
are you returning profits to investors during the life of the fund?
what is the fund structure, company, unit trust etc?
what is the fee structure?
are you structring the fund to trade property or hold? what are you going to do to avoid tax`issues if trading?
most importantly, will the investor's liabilities be limited? i.e. are there residual liabilties for investors?
sounds interesting.
tom |
|
Thanks Tom,
I'll try and answer as many questions as possible - most will be defined more accurate later so estimates at this stage.
company structure - isle of man ltd company, annual admin fee around 40k or 2% of fund size give or take. mainly trade property , possibly hold if area/country is rising in value rapidly. Investors will be class b shareholders(ie entitled to profit made by the company but have no stake in the actually ltd off shore ltd company). Directors/a named bank will probably guarantee security of capital using escrow account) - there will be shareholder meetings but generally directors have the say in how the company is run and where to invest the money(maybe some or total purchase justification can be given to shareholders) the purchase process will have procedures acceptable by major lending arms. Original capital invested I'd imagine can be returned during the life of the fund maybe with a delay time factor. dividend/profit returns can be made during the life of the fund (which can be reinvested) predicted around 20%pa - done as a profit split arrangement with directors.
Please ask further questions , when available I'll give more info also
regards Andrew Peers - andrewpfs@aol.com
|
|
I would not be interested in investing in this fund due to my negative experience of entering into business with Andrew Peers. I am still awaiting the return of money that should have been repaid nearly a month ago.
While Andrew is a 'nice guy' he seems to be totally disorganised and unprofessional, not even having the courtesy to contact me and let me know how or when he intends to repay the loan.
Not only have I missed out on several lucrative deals while waiting but I have now had to put matters in the hands of my Solicitors' Debt Collection Department.
Sorry to be so negative with this posting but I would urge you to think twice before investing with Andrew.
|
|
Not to sound negative, and I certainly am not directing this at the original poster...but in *general* I would avoid "funds", syndicates, etc like the plague.
Maybe I've just been unlucky...but every "fund" deal I've ever put money into...or into which someone I knew has invested, the people running the fund always seemed to cream off all of the money in various fees...and the investors got 2/3 of F/A.
Have confidence in your own ability...buy your own stuff. If you don't know enough...learn, then invest. Believe me, there are a lot of not-all-that-bright people making a lot of money investing in property, so don't worry if you don't fancy yourself a rocket scientist. Learn the ropes, and move forward boldly.
Individuals make great choices when properly informed. Groups tend not to do so. |
|
Hi All,
Thanks Nadine,
her post is true, I've been away for three weeks - money was supposed to be transfered to her before I left. first day back today. Never that easy to release money from property exactly when needed especially when projects are mid flight as opposed to completed transactions. Nadine please take a chill pill I'll be in touch shortly. |
|
andrew,
not to be difficult but i never 'take chill pills' over finances.
i know you are one of the most helpful posters around but be careful as you only need to have these kind of instances happen a few times before you loose the reputation you have worked hard to build.
tom :)
|
|
Thanks for your comment Tom.
Unfortunately Andrew seems to work on a different timescale to the rest of us. 14 days from his last posting on this subject I still haven't heard from him or received the money. |
|
Andrew,
Lump up soon or you will soon be on more TV progammes!! This time Crimestoppers!!!
The Daddy |
|
There is also an interesting thread on Andrew over on SingingPig (www.singingpig.co.uk) on the New Investors forum.
It seems like Nadine isn't the only dissatisfied customer.
I'd very much like Andrew's input on this, as it seems to me as an outsider like the crows are now circling. |
|
also a very interesting post developing on
www.streetwisepublications.co.uk/forum
also about AP
The FSA will be interested as AP allegedly has a consumer
credit licence. They are contactable at www.fsa.gov.uk
|
|
We hardly know all the facts. I don't know Andrew, but he always seems friendly and helpful. I'm sure as an investor you've found how hard it can be to liquidate investments (particularly property) in a hurry. Maybe he's at fault, maybe he got caught out pushing the boundaries a bit too far and overstretrched himself, we don't know. It's not helpful for others to take sides in though (imo).
John |
