Cogress Investments
Discussion
After everything that has been happening recently I am just cautious.
Whilst Cogress is FCA authorised, its underlying business activities are not.
Then there is this "interview" available on You Tube (with all comments disabled):
https://www.youtube.com/watch?v=3I3LR5i32U4
12% to 20% annual returns with no proven track record and no explanation of the charges also gives great cause for concern.
I am not suggesting this is a con (in any way), just putting forward my opinion regarding this type of investment - particularly as you said you are being repeatedly cold called (something a legitimate investment manager would never, in a million years, do).
Sorry if that is not what you want to hear, I'm just trying to be open and honest.
If you believe 12% to 20% annual returns (from a company who relentlessly calls you for investment) is a good idea then go for it. It is your money!
I would reflect though.
Cheers!
Usual typo edits!
Whilst Cogress is FCA authorised, its underlying business activities are not.
Then there is this "interview" available on You Tube (with all comments disabled):
https://www.youtube.com/watch?v=3I3LR5i32U4
12% to 20% annual returns with no proven track record and no explanation of the charges also gives great cause for concern.
I am not suggesting this is a con (in any way), just putting forward my opinion regarding this type of investment - particularly as you said you are being repeatedly cold called (something a legitimate investment manager would never, in a million years, do).
Sorry if that is not what you want to hear, I'm just trying to be open and honest.
If you believe 12% to 20% annual returns (from a company who relentlessly calls you for investment) is a good idea then go for it. It is your money!
I would reflect though.
Cheers!
Usual typo edits!
Edited by JulianPH on Monday 24th June 16:25
Thanks Julian, your advice is most certainly always welcome!
Sorry, I should have been a bit clearer. They email me when they have a new development coming online, haven't ever received a phone call. I think they have about 50 projects or so on the go at once.
Like you, I'm entirely sceptical about the whole thing. They've been going since 2014 and with the majority of the projects taking around 3 years to exit, a large proportion of them won't have actually come to fruition as yet so I am hoping there may be people that have invested with them that can give an independent review.
A quick scan on Google reports very little independent info other than a number of advertorials. If the company is sound, then I'd be happy to look closer at their projects and investments. Whilst the 12-20% return is high, so is the risk at the moment with property developing so I would expect suitable returns inline with that level of risk. What I wouldn't be happy about though is taking a punt on the fundamental company managing the whole thing if they're not up to scratch, whereas I am happy to take into account the risk against the wider market forces that determine property values.
Sorry, I should have been a bit clearer. They email me when they have a new development coming online, haven't ever received a phone call. I think they have about 50 projects or so on the go at once.
Like you, I'm entirely sceptical about the whole thing. They've been going since 2014 and with the majority of the projects taking around 3 years to exit, a large proportion of them won't have actually come to fruition as yet so I am hoping there may be people that have invested with them that can give an independent review.
A quick scan on Google reports very little independent info other than a number of advertorials. If the company is sound, then I'd be happy to look closer at their projects and investments. Whilst the 12-20% return is high, so is the risk at the moment with property developing so I would expect suitable returns inline with that level of risk. What I wouldn't be happy about though is taking a punt on the fundamental company managing the whole thing if they're not up to scratch, whereas I am happy to take into account the risk against the wider market forces that determine property values.
Bear in mind that any property investment without a solid first charge is high risk. These dudes can't offer a first charge as the primary commercial funder will hold that. Second charges (if offered) can easily become meaningless if a project fails. I haven't looked at Cogress's material but suggest you look for the statement of risks and quiz them on that.
Is this their crap?
I'm getting s
t loads - all from throwaway domains and I'm not going to click on the links to give them confirmation of the address - but if it is then thanks - complaint will go in tomorrow to the ico
I'm getting s
t loads - all from throwaway domains and I'm not going to click on the links to give them confirmation of the address - but if it is then thanks - complaint will go in tomorrow to the icospammy gits said:
Hull's
New Exciting Address
City Centre Hull
Please enable images for a better reading experience.
Prices from £77,000
8.5% returns for 10 years
Substantial 30% ROI
Completed July 2019
Award-Winning Developer
Download Brochure
This modern development comprising of 58 spacious apartments set over 4 storeys. Situated in the heart of Hull city centre, highlights include guaranteed returns of 8.5% for 10 years with a substantial ROI.
Hull is a northern powerhouse city that keeps going from strength to strength. The successful 2017 bid for UK City of Culture, aptly named 'A city coming out of the shadows', has seen a high level of investment injected into the city, creating lots of jobs across a number of sectors. Hull is thriving, making it an investment hotspot not to be missed.
8.5% Return for 10 years -|- Prime Investment Hotspot -|- Reserve today for under £ 4,000
8.5% Return assured for 10 years
This is an exciting new residence in Hull
offering the perfect opportunity for investment
City Centre Location | Exceptional Rental Demand | Quality Conversion Scheme
Development almost complete
Assured rentals for 10 years
Prices from £77,000
For More Information: Download the Brochure
Completion July 2019
If you'd prefer not to hear further please let us know here
New Exciting Address
City Centre Hull
Please enable images for a better reading experience.
Prices from £77,000
8.5% returns for 10 years
Substantial 30% ROI
Completed July 2019
Award-Winning Developer
Download Brochure
This modern development comprising of 58 spacious apartments set over 4 storeys. Situated in the heart of Hull city centre, highlights include guaranteed returns of 8.5% for 10 years with a substantial ROI.
Hull is a northern powerhouse city that keeps going from strength to strength. The successful 2017 bid for UK City of Culture, aptly named 'A city coming out of the shadows', has seen a high level of investment injected into the city, creating lots of jobs across a number of sectors. Hull is thriving, making it an investment hotspot not to be missed.
8.5% Return for 10 years -|- Prime Investment Hotspot -|- Reserve today for under £ 4,000
8.5% Return assured for 10 years
This is an exciting new residence in Hull
offering the perfect opportunity for investment
City Centre Location | Exceptional Rental Demand | Quality Conversion Scheme
Development almost complete
Assured rentals for 10 years
Prices from £77,000
For More Information: Download the Brochure
Completion July 2019
If you'd prefer not to hear further please let us know here
leemanning said:
Thanks Julian, your advice is most certainly always welcome!
Sorry, I should have been a bit clearer. They email me when they have a new development coming online, haven't ever received a phone call. I think they have about 50 projects or so on the go at once.
Like you, I'm entirely sceptical about the whole thing. They've been going since 2014 and with the majority of the projects taking around 3 years to exit, a large proportion of them won't have actually come to fruition as yet so I am hoping there may be people that have invested with them that can give an independent review.
A quick scan on Google reports very little independent info other than a number of advertorials. If the company is sound, then I'd be happy to look closer at their projects and investments. Whilst the 12-20% return is high, so is the risk at the moment with property developing so I would expect suitable returns inline with that level of risk. What I wouldn't be happy about though is taking a punt on the fundamental company managing the whole thing if they're not up to scratch, whereas I am happy to take into account the risk against the wider market forces that determine property values.
No problem! Sorry, I should have been a bit clearer. They email me when they have a new development coming online, haven't ever received a phone call. I think they have about 50 projects or so on the go at once.
Like you, I'm entirely sceptical about the whole thing. They've been going since 2014 and with the majority of the projects taking around 3 years to exit, a large proportion of them won't have actually come to fruition as yet so I am hoping there may be people that have invested with them that can give an independent review.
A quick scan on Google reports very little independent info other than a number of advertorials. If the company is sound, then I'd be happy to look closer at their projects and investments. Whilst the 12-20% return is high, so is the risk at the moment with property developing so I would expect suitable returns inline with that level of risk. What I wouldn't be happy about though is taking a punt on the fundamental company managing the whole thing if they're not up to scratch, whereas I am happy to take into account the risk against the wider market forces that determine property values.
I've had the chance to look into this a bit further and when you strip away the marketing spin and glossy website the proposition is basically as follows:
- I've found a property I want to buy-to-let and can get a 60% LTV mortgage on it.
- However, I only want to invest 10% equity into this, so am offering you (and others) the 'opportunity' to invest the balance of 30% equity.
- In order to make this sound attractive to you I am offering up to 20% annual returns, which are in no way guaranteed (if they were why wouldn't I want as much of this as I can for myself?).
- I also want to charge you 7% on your initial investment.
- Then I want 20% of your share of any rental income (whatever this actually ends up being) every single year.
- Then, if/when I decide to sell I want half of any profit (even though you took 75% of the capital risk).
- Also, your money is completely illiquid during all this time and, as mentioned, nothing is guaranteed.
Are you in?!!!
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