Thepropertydevelopmentcourse.com

* This episode was archived June 2019 and is only available for subscribers Eddie Hobbs is well known in Ireland for working as a self promoted consumer advocate and customer champion. He works as a financial advisor and has wrote books and appeared as a television presenter. I am writing today about the property fund he set up and the lessons we can learn from it. It was a property fund which raised 13million euros from small investors. There were 700 investors, the three co-founders invested 600,000 each so that suggests an average investment of 16,000 each. The non-executive directors were Hobbs and senior counsel Dermot Flanagan, while its executive directors were former Deloitte corporate financier Hugh O’Neill and developer Vincent Regan, its managing director. It was called Brendan Investments Pan European Property (bipep) and managed by brendan investments plc who were the four investors who were getting a 1% fee. This fund was started to invest in european property but It failed badly. It invested