International property management and investment firm Mayfair & Morgan has launched a new internet-based crowdfunding platform that will allow its members to invest in residential property from £1,000 and gain long-term returns without the need for house hunting, mortgage acquisition, tenant recruitment and property management.
Investors are able to put their money into portfolios made up of five properties. Unlike other crowdfunding, Mayfair & Morgan has already bought the properties, found tenants and is managing and maintaining the properties. As soon as each portfolio is fully funded, investors effectively own a share of all the properties in a portfolio, which spreads any risk.
Mayfair & Morgan’s experienced property agents manage the tenants and maintenance contracts and return excess rent to investors in the form of annual dividend payments. Most portfolios are designed to run for five years, at the end of which properties are sold and investors receive their initial investment, plus their share of the capital growth. The company says it expects annual returns of 12% to 16%.
Mayfair & Morgan is a members’ only platform and only members can request access to the investment opportunities. Individuals interested in property crowdfunding with Mayfair & Morgan’s property portfolios must register at https://www.mayfairandmorgan.com before they are able to access information about the portfolios available. Registration is free and does not place any obligation to invest.
Paul Skillen, founder of Mayfair & Morgan, said: “The concept of crowdfunding is not new; J Pulitzer used his newspapers in the 1880’s to crowdfund the building of the Statue of Liberty. The internet has allowed local groups to crow fund the purchase of local property. At Mayfair and Morgan, we are allowing people to invest in an extensive portfolio of residential properties that we have already bought and, in most cases, already have tenants installed. People can invest in our properties no matter where they live and we pay our returns pre-tax because our investors will be based in lots of different countries and have different tax regimes. We think that this is Europe’s first international property crowdfunding platform and we expect significant interest.”
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