16% Interest Anyone?
by Nicola Cairncross on November 27, 2008
in Money Gym | Property
My property investor friend and colleague, Peter Stanley, wants to pay you more for your money than the banks do. And that’s ironic because he used to BE a business bank manager!! I’ve known Peter for years – since 2000 odd, and he’s a top bloke and a VERY experienced property investor.
Read what Peter has to say:
“Some of you may know that I offer a private investors plan alongside the property coaching and sourcing arms of my business, Property Made Simple. This private investors plan evolved after conversations where people wanted the returns you can get by investing in property, but for a smaller stake, over a shorter time and without any of the hassle of owning property.
At first, I only offered it to close friends and family, but like the other parts of my business, it’s grown by word of mouth and is now something I offer, albeit quietly.
In fact, some people use it as an additional income stream or a way of increasing their nest egg.
So why would a successful property entrepreneur do this ?
I’ve been watching the Manchester property market for over 15 years and I strongly believe that now is the time to be buying property – despite what the media are telling you – so I’m raising money to buy more houses, whilst cutting the investor into my profit.
If any of you have read my blog or my monthly newsletter you’ll know how much I hate the media reports, written by people in ivory towers, whose only experience of the property market is from the safety of their desk.
So what do you get as an investor ?
We ask for a minimum amount of £5,000 and a minimum term of 6 months, which is documented by a formal loan agreement and signed by both of us.
Interest is paid monthly by bank transfer to an account of your choice at 16% per annum, which is around 4 times what you’d get if you left it in the Bank.
At the end of the term, we return the initial loan to you, unless you’d prefer to continue to the arrangement when we’d prepare and sign new papers.
This doesn’t suit everyone, so don’t worry if it’s not for you, but if you’d like to know more, drop me an email and we can schedule a time to talk or meet.”
Contact Peter directly at PropertyMadeSimple.com and tell him Nicola sent you.
