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Property Solvers Podcast - discussions on property investment, auctions and the ”sell house fast” / ”we buy any house” industry.
Episode 26 - Property Crowdfunding with Atuksha Poonwassie
Property Solvers Podcast
42 minutes
11 months ago
Episode 26 - Property Crowdfunding with Atuksha Poonwassie
Ruban Selvanayagam from fast sale and auction specialists Property Solvers speaks with Atuksha Poonwassie, MD and co-founder of Simple Crowdfunding. As director of the UK Crowdfunding Association, Atuksha brings a wealth of expertise, blending technical know-how with a passion for property.
We explore how Simple Crowdfunding became one of the first platforms in the UK to empower property developers and investors alike. From demystifying the crowdfunding process – where small financial contributions can fund property projects of all sizes – to understanding its role in bridging gaps in traditional financing, this conversation sheds light on a sector transforming property investment.
We delve into equity versus peer-to-peer lending, what types of investors can get involved, and the regulatory landscape shaped by the FCA. Atuksha also shares insights into the due diligence processes that ensure project integrity and explains how crowdfunding offers opportunities for everyone, from seasoned investors to those just starting out.
Ruban and Atuksha also run through some of the projects on the Simple Crowdfunding platform, including modular builds and assisted living developments whilst discussing the future of property crowdfunding, with technologies like AI and blockchain set to make their mark.
#PropertyCrowdfunding #Crowdfunding #PropertyInvestment #PropertyInvesting #PropertyInvest
LINKS (RESOURCES) REFERRED TO IN THE PODCAST
Simple Crowdfunding
Follow Atuksha Poonwassie on LinkedIn
Follow Davin Poonwassie on LinkedIn
RELEVANT LINKS
Property Solvers Investor Profiling
Become an Auction Partner
Property Solvers (Sell House Fast)
Property Solvers (We Buy Any House)
Property Solvers Auctions
Property Auctions News
How to Value Your House
TIMESTAMPS
00:10 - Introduction of Atuksha Poonwassie and Simple Crowdfunding00:23 - Atuksha's background in CRM and property investment02:32 - Founding Simple Crowdfunding in 201303:03 - Overview of crowdfunding in the property sector04:58 - How crowdfunding works for property projects07:02 - Onboarding process for property crowdfunding investors07:38 - Definitions of sophisticated and high-net-worth investors09:06 - Accessibility of crowdfunding for all property investor types10:02 - Learning while investing in property projects11:45 - Opportunities for aspiring developers to learn12:41 - Challenges faced by early crowdfunding platforms14:38 - FCA regulation changes and platform closures16:13 - Evolving regulations in the crowdfunding space16:58 - Simple Crowdfunding’s dual approach: equity and peer-to-peer17:49 - Explanation of equity investments in property crowdfunding19:26 - Risks and returns associated with crowdfunded equity investments22:04 - Overview of peer-to-peer lending for property projects24:19 - Choosing between equity and peer-to-peer investments25:30 - Due diligence process for developers and projects28:02 - Challenges faced by property developers in recent years29:09 - Why developers choose crowdfunding over bridging finance31:33 - Handling project challenges and delays transparently34:14 - Typical timelines for crowdfunding property projects36:38 - Expected returns for equity and peer-to-peer investments37:39 - Examples of recent crowdfunding property projects39:37 - The future of property crowdfunding and emerging technologies41:15 - Benefits of crowdfunding for aspiring property investors42:08 - How to contact Atuksha and find out more about Simple Crowdfunding
Property Solvers Podcast
Property Solvers Podcast - discussions on property investment, auctions and the ”sell house fast” / ”we buy any house” industry.