Do people even do the math before creating these terrible IPO's?
You say 425 per month income, ~100k per property. Gross yield BEFORE COSTS is 5.1%. I am heavily invested in property, and from my experience, costs = at least half the income. You have insurance, periods of vacancies, damage, bad tennants, water rates, local government costs. This doesn't even include the interest repayments you will have to make if you choose to use some credit, which will completely wipe out every cent of profit.
You are basically offering a -100% and a best case of +5% ROI if everything turns out perfectly. And you are taking a short position on Bitcoin with unlimited risk. Why on earth would anyone do this? Give your money to Tradefortress and you get +25% ROI, far less risk income.
The 100k I mentioned would be the average market value of a 2 bedroom property. We are however looking to purchase property that is below market value and in need of development. Therefore adding value to the shareholder.
Insurance - Is a cost that will be taken into consideration as previously mentioned
Periods of Vacancy - Unlikely due to the large demand for student accommodation year round.
Damage - Unlikely to be a big issue.
Bad tennants - Again unlikely.
Water rates - In Scotland water rates are paid through council tax which students do not pay.
Local Government costs - Liable to the occupants - who will be students and therefore do not pay.
Renovation? Awesome, even more risk.
My point is even if everything you say happens, you perform perfectly, have the best luck possible and nothing goes wrong, it is still an aweful BTC investment. Risky with very low roi. There are bonds and reputable fixed interest providers giving much better ROI at MUCH lower risk. And any average joe can do that trouble free, and not have to give their money to a strangers with no proven experience or qualifications, who can bail at any time with their money.
This is the third property investment idea that has come on these forums in the last few weeks, and they all have virtually no chance of succeeding and authors who think they have the skills and experience to pull it off. Unfortunately most have never even bought an investment property and it shows when they answer questions about it (see above for a fresh example). Yet for some reason they are overconfident and arrogant enough to think they can take other people's money and invest it.(lose it)
LOL 