Housers

Housers is a 2015 founded Spanish crowdfunding platform that enables individuals to invest in real estate projects in Spain, Portugal, and Italy from as little as 50 €. The platform specializes mainly in collateral backed investments in Buy-to-Let, Buy-to-Sell and Development loans. Read more here.

Housers Promotional Code

Housers promotional code: HERE (Get 25 EUR cashback for a 50 EUR minimum investment if using my link).

Portfolio Evolution

• Last update: 01/01/2020
• Inception date: 26/03/2018
• Total Deposits: 6,736 EUR
• Total Withdrawals: -287 EUR
• Total Income: 359.6 EUR
• Expected annual returns: 5%
• XIRR: 3.42 %

Main Events

December 2018: Delayed rental income from Estadio Nacional and monthly rent agreement lower than expected.

January 2019: First Buy-to-Sell investment exited three months earlier with a 7.95% AER, which is better than the expected 7.1% AER.

February 2019: Second Buy-to-Sell investment exited with 6.1% AER, which is lower than the expected 7.2% AER. Three BTL investments didn´t payout.

March 2019: Issues with the principal repayment of Albufera development loan due to the delay on the building permit from the Alfafar town hall. Lesson learned: Do not invest in development loans without granted building permissions.

April 2019: Several of my BTL investments don´t payout. The platform seems to be experiencing serious internal issues and struggles to manage investments efficiently.

May 2019: Income seems to pick up.

June 2019: A development loan exits successfully.

July 2019: Albufera loan extension is granted following the results of investors’ online vote. Housers continues to disappoint in regards to rental income.

August 2019: Albufera loan starts paying monthly interest including a 2% monthly penalty fee. Income recovers.

September 2019: Hold on a sec! Nearly all my investments paid out this month?!

October 2019: Well… That didn´t last too long!

November 2019: First Buy-to-Let investment sold after the 20th month with an IRR of 4.15% against and the estimated 6.29% 🙁

December 2019: Monec Barcelona doesn’t pay because of door maintenance issues (are tenants animals or what?). Payments delays on Tirso de Molina BTL.

My Current Mood With Housers