Tag Archives: invest

5 essential steps to invest buying a property

Real estate invest

The first steps as an investor in the real estate world can be risky and complicated. Like any new approach, there is a learning process and by allocating time and studying the problem, the results will be positive. Before you buy a property, here are some steps to keep in mind.

Prepare the advance and set the rates for the loan

Financing through a loan an investment in a property is not the same as the financing of your own home. If you decide to invest and buy a property, expect a fairly important advance. Get ready the advance and study bank lending offers. Funding conditions are very important.

Decide if you want to rent or sell the property

Renting or selling an investment involves different strategies, so it is important to know what method you intend to apply. If you bought a property and you want to sell it after you arrange it, it is a quick way to earn capital. Renting requires shorter repairs and smaller investments, but it has a much lower return. The gains accumulate over time and the investment is amortized over a long period of time. Rental properties involve long-term commitments to keep tenants, but provide a long-term secure income.

Understand the local economy

Studying the current situation may be helpful. If you intend to rent, it is important to think long-term. Is the city potentially economical, or is the local economy declining? You need an economy that attracts potential tenants who will pay for long-term rent or you can always find quality buyers. Researching this economic situation will take time. Nobody knows the situation better than a local. Create relationships to understand if it is advisable to rent or sell a property. You can start investing in real estate in an area that will be familiar, close to your resentment.

Study the market

If you like a building, look for similar properties on the market. It is helpful to orient yourself according to the market price. Make a comparative study to see at what price you could rent your property, compared to other similar properties. Do not focus only on pricing. Verify if certain properties are for long available for sale on the market, then there are reasons why they are not leased. If real estate agents offer discounts, this indicates a market with few buyers. If the prices are high and few properties are available then the market is weak in quality offers and there are many buyers, that is, you have to compete.

Find out the costs for repair and maintenance

When buying a property, you also have to estimate the costs for repairs and improvements so that it is suitable for rent or later sale. Call a specialist who can find hidden building defects. If you intend to resell, evaluate correctly what costs are involved in the arrangement of the building. External repairs, painting, overhauling are much cheaper as structural defects or electrical network reconfiguration. Take into account not only repairs but also maintenance costs. If you want to resell, then you have to include these expenses in your plans, so you will not to lose. If you want to rent, avoid major repairs and renovations. Renting will bring long-term income, and the investment should not involve large expense.

Metroktredit loan originator from Russia just joined Mintos peer-to-peer lending marketplace

Mintos logo

There are now even more opportunities for investment on Mintos as Metrokredit has just launched on the marketplace and offers its short-term loans for investment in Euro (EUR).

Metrokredit was established in 2017 in St Petersburg, Russia and it is regulated by the Central Bank of Russia. The company offers short-term loans in RUB of up to RUB 30 000 to citizens of Russia. Metrokredit offers its borrowers a fast and convenient service. All loans are issued solely online via their website and for first-time borrowers, they can receive a loan in just five minutes once approved. For repeated borrowers the time is even shorter – they can have funds in their account in only one minute. The approval process is also very fast as the company uses an advanced self-developed scoring model. This allows the company to evaluate the creditworthiness of a borrower within 10 minutes. It is because of this fast and friendly service that the company has already attracted more than 14 000 customers.

The average Russia-issued short-term loan the company has placed on Mintos is around EUR 112. The repayment period is 30 days and borrowers repay their loan in a single instalment. You can expect net annual returns of up to 13% for its loans listed in EUR.

All loans placed on Mintos by Metrokredit have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 15% of each loan it places on the marketplace to maintain its skin in the game.

As of May 30, 2018, Metrokredit had a net loan portfolio of EUR 725 000. Since its establishment, it has originated 21 000 loans worth more than EUR 2.2 million. The company has a steadily growing revenue increasing monthly by 25 to 50%.

This is a great opportunity to diversify your portfolio and invest in Metrokredit’s loans listed in EUR .

Simbo.dk joins Mintos and offers for investment short-term loans from Denmark

Mintos logo

There are now even more investment opportunities from Denmark on Mintos, as Simbo.dk has just launched on the marketplace. Simbo.dk is one of the leading consumer loan providers in Denmark and now offers for investment its short-term consumer loans listed in euro (EUR) and Danish krone (DKK).

Launched in April 2017, Simbo.dk operates completely online and offers its customers a simple and fast way to receive a loan. The company prides itself on its high-quality customer service, which is reflected in its strong rating of 9.3 out of 10 on Trustpilot. Above all else, Simbo.dk ensures complete transparency with its loans – there are no hidden fees or interest. The efficient application process takes just one minute, and customers can have the funds in their account in 10 minutes.

“We are excited to begin this collaboration with Mintos and share our strong performing portfolio with investors on the marketplace. We believe Mintos will allow Simbo.dk to grow at an even faster rate and allow us to reach a larger customer base in Denmark, which is our goal,” says Toms Jurjevs, CEO of Simbo.dk.

Denmark-issued loans from Simbo.dk are listed on Mintos in both EUR and DKK. The average loan from the company on the marketplace is around EUR 500 and DKK 4 300. The repayment term on average is 30 days, and borrowers make their repayments in a single instalment. You can expect a yearly return of up to 13%.

Simbo.dk guarantees the buyback of all loans that are delinquent for more than 60 days. To maintain its skin in the game, the company will keep 10% of each loan placed on Mintos on its balance sheet.

Since its inception, Simbo.dk has experienced strong growth. As of the end of April 2018 the company had a net loan portfolio of EUR 4.1 million.

The rapid growth of Simbo.dk can be attributed to the extensive experience of the management teams within the fintech industry. The founder and CEO of Simbo.dk, Toms Jurjevs, has 8 years experience in top executive positions with online short-term consumer lending market leaders. He has overseen businesses in Latvia, Lithuania, Estonia, Armenia and Romania. In addition, the local Managing Director for the Danish market, Stefan Agergaard Hansen, has executive experience from multiple short-term lending providers including in the peer-to-peer industry. He has overseen operations and business development in Denmark, Norway, Sweden, Spain, Poland and Finland.

Investments made through Mintos into ID Finance’s Kazakhstan-issued loans gain 10 % yield in one and a half months

Mintos logo

Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.

ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by 7.2%. This means that investors at Mintos gained almost a 10% holding period yield.

“The high yield of this instrument is explained by fundamental factors: the main force behind the growth of the KZT is oil prices, which have been increasing throughout the whole year, and this is a long-term trend,” explains Alexander Pak, CFO of ID Finance in Kazakhstan.

He adds that the advantage of investing in KZT is that alongside a high nominal yield investors may gain optional profits due to currency appreciation.

Alexander Pak says that by using Mintos, ID Finance is planning to fund loans worth EUR 6 million on an outstanding basis before the end of the year, with 40% of that sum in the national currency of the Republic of Kazakhstan.

The historical performance of KZT does not predict its movements in the future and the FX gain is not in any way predictable or even more so guaranteed.

New investment opportunity on Mintos p2p lending marketplace: Mogo’s Moldova-issued car loans

Mintos logo

Mogo, the largest non-bank car loan financer in the Baltics, has yet again increased its offering to investors on Mintos! The company has added its car loans from Moldova for investment with expected net annual returns of up to 14% – so don’t miss out!

In terms of loans funded, Mogo is one of the largest loan originators on Mintos. The company was established in 2012 in Latvia and joined Mintos in March 2015 and it currently offers investment opportunities in Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania and now Moldova. The company began issuing loans in Moldova from September 2017. To date, Mogo Moldova has issued 903 loans worth EUR 3.8 million loans in the country. Mogo prides itself on its fast service and open communication, which fosters long-term relationships with its customers, and as a result, it has attracted 821 active clients in Moldova already.

“We have had a very long-standing and fruitful cooperation with Mintos at the Mogo Group level so having also Mogo Moldova on the marketplace is a logical step. We believe this will allow us to increase our operations in Moldova and better serve our clients, whilst also give investors on Mintos more investment opportunities,” says Maris Kreics, Chief Financial Officer.

The average Moldova-issued car loan from Mogo is EUR 4 300, with an average repayment period of 53 months. You can expect net annual returns of up to 14%.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Moldova-issued car  loans from the company are secured with a buyback guarantee meaning all loans that are delinquent for 60 days or more will be bought back by Mogo. Some of the equity investors in Mogo and Mintos overlap.

As of December 31, 2017, Mogo Group’s net loan portfolio was more than EUR 100 million, a more than 50% increase compared to December 31, 2016. In 2017, turnover for the company amounted to EUR 40 million. Since its inception, Mogo Group has originated more than 91 thousand loans worth EUR 250 million.

Lenndy peer-to-peer lending marketplace overview

Lenndy logo

Lenndy is a peer-to-peer lending marketplace, where investors can invest in loans by buying out prior issued loan rights. Using the platform operators’ technological solutions, non-banking loan administrators have the option to transfer rights of claim arising from any credit agreement. This model allows investors to redeem already committed loans and get 12-15% interest.
Loans at Lenndy are sold by loan originators, that are issuing loans for businesses only. Loan originators transfers their issued loan documentation and Lenndy operator presents them in loan list, after successful valuation results. Only 95 % of loans can be sold at Lenndy, to ensure that Loan Originator also keeps part of the loans with all investors, who made the investment. Lending Marketplace is named as a P2P 2.0 version, because users are investing in already issued loans, and borrowers doesn’t have to wait until all the amount will be collected from many investors.

If you invest for the first time at Lenndy don’t forget that you can get € 10 bonus if you invest minimum 100 EURO in one or more loans, more details HERE.

What type of investments can be made?

Investors can select among many loans issued by loan originators. Currently, our loan originators issue secured car loans, mortgage loans, invoice factoring or other business loans. Most of the loans have pledged collateral and buyback guarantee provided by respective loan originators.
There are two types of loans – 1) secured loans with collateral and 2) unsecured loans without any collateral. For secured loans collateral may be real estate in the case of a mortgage loan, a vehicle in the case of a car loan or equipment in the case of a business loan as well as many other types of collateral as indicated at the description of each loan.

Who is eligible to invest?

Both individuals and entities can invest through Lenndy. Individual investors must be at least 18 years old and have an active Paysera account with III or IV identification Level. Businesses can invest at Lenndy after the owner or the authorized person reaches Level III or Level IV at Paysera bank.

In what currencies can investments be made?

All investments are made in EURO.

Investing

Before the investment it is important to know:
1. the platform operators rules and loan and privacy policy;
2. the information about loan in which you want to invest:
– repayment conditions;
– obligations of all parties;
– pledged assets and other guarantors (e.g. personal guarantee);
– cases and sanctions of delays in the payment of contributions;

How the free registration works?

1. The investor registers to the platform.
2. Verifies the e-mail address.
3. Registers with the online bank „PAYSERA“ system and carry out the transfer to the platform account, this way confirming his identity.
4. The investor gets acquainted with submitted business loans on the platform.
5. Invests in selected business loan;
6. The investor can see all the information about the loans and contributions that are displayed in his account.

Loan originator‘s buyback guarantee is one of the key advantages for Lenndy investors, which means that loan originator buys back outstanding loan amount with interest from investors when borrower fails to pay for 60 days. Buyback guarantee is valid for loans with buyback icon.
When investing funds, you should be prepared to hold the investment through to its maturity date. However, Lenndy offers a secondary market that may provide liquidity in certain circumstances. Lenndy, as a market maker, may also buy back an investment by entering into a mutual agreement with you.
Also, keep in mind that sometimes you might receive monthly principal and interest payments, which will reduce your investment in a respective loan over time.

Bondora today launched its “Go & Grow” program for all users

Bondora logo

Bondora today launched its “Go & Grow” program for all users on the platform and for new users, offering a return of over 6% per year and the ability to liquidate the investment instantly, thus providing a new tool that has never been met at any  peer-to-peer platform, to have almost instant access to the investments made and a much higher return than the bank deposits (similar to the liquidity of this investment facility).

Go & Grow is an incredibly simple and automated service that allows you to earn 6.75%* p.a. on your investment and take your cash out at any time. This is for the people who want low risk and ‘no-hassle’ investing with a predictable net return.

The main benefits of Go & Grow is that you can withdraw your funds at any time. You can set up a new account and call it a unique name, whether you’re using Go & Grow for your new dream home, your emergency fund or enev for that trip to Asia you’ve always wanted to do.

You can share acces to your Go & Grow account with someone you trust. Once you have created your own account, simply select “Invite to Go & Grow” then add their name and email address. You also have the option to give this person the authority to withdraw from the account, but this is not mandatory.

What are the benefits?

  • 6.75%* yield
  • Instant liquidity
  • Low risk –  A diversified portfolio of investments supported by advanced and reliable technology
  • You only pay tax when you make a withdrawal over your capital amount invested

Additional benefits?

  • Transfer your existing Bondora investment portfolio to Go & Grow
  • You can set up an auto-transfer from your existing portfolio to Go & Grow
  • A flat €1 withdrawal fee, no matter the size of the account
  • Great for beginners
  • No annual management fees
  • Share access to your Go & Grow account with the people you trust

How to transfer the existing Bondora investment portfolio to Go & Grow?

All you need to do is create a new Go & Grow account, then click on the small settings icon an click on “Add existing investments”. Then you will receive an offer from Bondora to liquiidate your existing portfolio based on the current portfolio value, however, it may be at lower amount. If you accespt, Bodora will transfer your portfolio to Go & Grow.

Is the rate of 6.75% guaranteed?

The rate is not guaranteed, however, the average net return on the Bondora platform is much higher than this. With this and our 10-year track record in mind, we’re confident the rate of 6.75%* is achievable with the benefit of instant liquidity to investors.

The net return is capped at 6.75%* – all excess returns over this percentage are reinvested to ensure you can earn the rate of 6.75%* going forward, despite there being no guarantee in place.

How investors will be taxed for this?  

You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.

All payments made to your Go & Grow account are regarded as one investment, although the funds have been used to acquire individual claims. This is irrespective of when and in how many parts you paid cash into your Go & Grow account.

Bondora “Go & Grow”, announced a long time ago, was reserved for a number of existing investors. There’s been a huge amount of excitement around this product within the P2P community. As it stands, approximately 1,000 investors have deposited an average of € 1,000 each in their Go & Grow account.

The best part? You do not need any prior experience in investing or P2P to use Go & Grow, so whether you’re a retiree living in the Estonian countryside or an 18-year-old student in Berlin who’s new to the world of investing, Go & Grow is for you.

What’s more, you can invite someone you trust to join your Go & Grow account with you so you can invest for a shared goal, like a trip around the world, a wedding or even your child’s future.

 

Mogo has just launched its Georgia-issued secured car loans on Mintos p2p lending marketplace

Mintos logo

Mogo is now offering investors even more investment opportunities on the marketplace, as Mogo Georgia has just launched on Mintos. Mogo is the largest non-bank car loan provider in the Baltic region, and Mogo Georgia is a market leader for non-bank car loans in Georgia. Investors can now invest in its Georgia-issued secured car loans listed in Euro (EUR) and Georgian lari (GEL) on the marketplace.

Established in 2012, Mogo’s business model is based on its fast customer service and open communication. As a result, the company has more than 40 000 clients worldwide. Headquartered in Latvia, it also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania.

The average Georgia-issued car loan from Mogo is around EUR 1 500 and GEL 4 500, with a typical repayment period of 33 months. Investors can expect an annual net return of up to 14% for its loans listed in EUR loans and up to 18% for its GEL loans.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Georgia-issued loans from the company are secured with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more.

Mogo Georgia was founded in June 2014 and has since issued 35 781 loans worth more than EUR 55.7 million. The company offers residents of Georgia car loans with repayment periods up to 72 months and allows borrowers to receive their loan on the same day of their application.

The typical borrower from Mogo Georgia is a male who is 32 years of age. He has a regular income and is approaching Mogo because he wants a simple, fast and hassle-free service. Whilst a bank is the cheaper option to receive a loan in Georgia, they also require many documents and there can be a lengthy waiting time to receive the funds. Banks also try to avoid supplying financing for used cars and only disburse these loans for their long-term clients. Therefore, Mogo is the fastest way to buy a car with minimal down-payment, as well as receive a loan quickly by using your car as collateral.

Mogo launched on Mintos in 2015 and so far around EUR 132 million has been invested in its loans on the marketplace. In addition to the Georgia-issued loans, Mogo also offers you the opportunity to invest in its loans from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as unsecured personal loans from Latvia, on Mintos. These investment opportunities are now available in four currencies – EUR, British pound (GBP), GEL and Polish zloty (PLN).

Grupeer peer-to-peer lending marketplace overview

Grupeer logo

Grupeer platform is an electronic trading place that provides an opportunity to invest your free funds in secured loans. The services offered by the Platform are the servicing of claim right acquisition deals, i.e. the Platform brings together two independent participants of the deal – the  seller of the claim rights (credit company or investment company) and their buyer.

Grupeer Platform operates in the jurisdiction of the Republic of Latvia.

In Latvia, no unified normative regulation of mutual loans or financing with a pool is developed, therefore the services of the Platform are not subject to control of a single normative act, but are subject to a set of laws and regulations of the Republic of Latvia and directives of the European Union.

The Civil Law of the Republic of Latvia does not prohibit the holder of a debt claim from selling a part of it to another person. Moreover, the holder of the debt claim has the right not only to sell the entire debt claim in the whole, but also to assign/sell a part of it.

The Platform does not carry out activities falling under the definition of a credit institution or payment system in terms of Latvian and European legislation.

Who is eligible to invest?

Both private investors and legal entities that wish to receive passive income from their investments will be able to achieve annual profits of up to 15%.

In accordance with AML (Anti Money Laundering) legal requirements Grupeer accept money transfers from accounts opened with licensed credit institutions in the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. Accordingly, citizens / residents of these countries can register and make investments through the Grupeer Platform. In order to register and close deals, you need to be an adult capable person with a bank account.

The credit company, which issued a certain loan, remains interested in repayment and payment schedule compliance because this organization is the holder of the main debt claim.

Each registered Platform user can see all the information on a particular loan: the amount and purpose of the loan, the availability of collateral, the maturity date and the payment schedule. You independently analyze the information and decide how to direct your capital investment.

For example, you can repurchase the whole loan from the chosen creditor or only a certain part of it. All the time while payments on this loan are received the investor receives his profit, which is proportional to his investment share. At the same time, you can distribute your capital between several credit organizations – to invest in various types of loans, in different countries and for different borrowers.

In what currencies can investments be made?

The Platform makes settlements in euros (EUR). If the base currency of your current account is another currency, then before making a payment, you need to convert it into euro. In case of receiving funds in another currency, the Platform is entitled to return such a payment, retaining the commission in accordance with the bank’s tariffs, or convert them into euros at the current exchange rate of its bank.

How can funds be transfered?

The only possible means of payment at the moment is bank transfer. This is due to AML (Anti Money Laundering) legislation requirements. Grupeer accept money transfers from accounts opened with licensed credit institutions of the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. For security purposes, withdrawal of funds is possible only to a confirmed bank account, i.e. the account which you transferred funds from to Platform bank account and which your user identification number is associated with.

Investing

Grupeer Platform provides an opportunity to invest in loans issued by credit market professionals – credit institutions and investment funds. For all loans, the borrower’s solvency has been assessed, and appropriate scoring and compliance procedures have been carried out.

A Platform user acquires a claim right to the borrower, thereby becoming a joint claim right holder. The credit company by means of such deals refinances a part of its loan portfolio, getting resources for further development.

The credit institution continues to administrate the loan, including receiving borrower’s payments, while paying to the investors their joint share in accordance with the amount of their claim right the borrower they acquired.

On the Platform two types of loans are offered: loans issued by credit institutions to individuals, and loans issued to enterprises. The loans, related to development projects, issued to companies specializing in real estate development projects, stand as a separate category. In all cases, despite the sale of part of the claim right (the so-called “investment in a loan”), the credit company remains the holder of the main debt claim, thus it is interested in following the payment schedule and repaying the loan by the borrower.

For each loan offered on the Platform, specific information is provided, including the purpose and amount of the loan, maturity date, type of payment schedule and availability of collateral. The user independently evaluates and decides which loan to invest in.

Investments in development objects offered by Grupeer Platform are also executed through already issued loans, by means of acquiring a claim right, and from legal point of view they do not differ from investing in other loans. A classic example is the situation when a loan issued to developer for acquiring a land plot (bringing communications, developing a technical project, etc.) is refinanced in this manner. In practice, these loans have the nature of interim financing (so-called bridge loans), with a 1-2-year term – usually this period is required to complete the “zero cycle” of construction, after which the object, having at this stage a much higher market value, is refinanced by the bank and partly – by real estate buyers through pre-sales in case of a residential project. Such a model is typical for many EU countries, for example, Germany.

To begin work on the Platform, you need to transfer an amount which is not less than the minimum investment amount (10 euros).

At the moment, the limit of incoming payments from a registered Grupeer user to Platform bank account is 50,000 euros per month. If you wish to invest a larger amount, you will need to provide the bank with additional information.

 

 

The first loan originator from Mexico has launched on Mintos p2p lending marketplace

Mintos logo

The Mintos peer-to-peer lending marketplace is continuing to expand rapidly and they launch the first loan originator from Mexico offering loans for investment in Mexican peso (MXN). Credilikeme is one of the most innovative loan originators in Mexico, offering personal loans to Mexican citizens online and through its immersive mobile app which uses gamification features. The company offers investors the chance to invest in its personal loans from Mexico listed in MXN with expected net annual returns of 16%.

Credilikeme was established in 2012 and has issued more than 35 000 loans since then. The company is completely online and issues loans through its website and mobile app. Credilikeme prides itself on its unique business model and aims to provide a lifestyle-like experience with its mobile app.

“Partnerships between fintech companies is all about creating value for the industry. Mintos and Credilikeme are both important parts of the credit distribution value chain. Our partnership is all about liberating loan distribution and underwriting in Mexico, so we can give access to our borrowers and have a positive impact on their lives,” said Jorge Enriquez, Co-founder and CEO of Credilikeme.

Mexico-issued loans on Mintos from Credilikeme range from around MXN 3 700 to 19 000. The repayment period ranges from one to seven months and borrowers repay their loans in fortnightly instalments. You can expect a yearly net return of up to 16%.

The company will maintain 20% of each loan placed on Mintos on its balance sheet to keep its skin in the game, as well as only offer loans from repeat borrowers who have proven to be reliable in meeting their payment deadlines on the marketplace. All loans from Credilikeme come with a buyback guarantee, so loans that may become delinquent after 60 days or more will be bought back by the company.

The typical borrower of Credilikeme is a Mexican citizen aged between 21 and 45. They usually take out a loan for emergency expenses or working capital for a business.

As of February 2018, the company has distributed MXN 100 million (around EUR 4.5 million) worth of loans since its inception. In the past year, it had a revenue of MXN 11 million (around EUR 493 000). The company had an outstanding net loan portfolio of MXN 4.8 million (EUR 215 000) as of January 2018. Credilikeme is backed by well-known companies as investors, including Grupo Kaluz, a large banking and industrial group with operations in Mexico and Credito Real, one of Mexico’s largest offline payroll lenders.

According to the Americas Alternative Finance Industry Report, Mexico accounted for the highest total alternative finance market volume in Latin America and the Caribbean in 2016 (USD 114.2 million). Mexico was the third most active country in this region, following Chile and Brazil and has an annual growth rate of 730%. Marketplace and P2P Business Lending was the largest section of the alternative finance industry in Mexico.

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