An investment in property and unlisted shares contains risks. You may not get the returns expected and your capital is at risk.

1. Capital Loss

   The property market has historically proven that it can go down as well as up. Therefore you should consider this factor before investing. A fall in your investment may be due to several reasons, such as a decline in the rental market or a down value in property prices as a result of market valuation. Past performance is not a reliable indicator of future results.

2. Income

   If a property receives rent, this will be paid to the investors as a dividend net of any fees, costs and expenses. However, should a property not produce rent, the tenant not pay the rent, or the rent be insufficient to cover the costs and expenses of operating the property; no dividends will be paid, and you will be unlikely to see any return on your investment until the property is sold. Income may also be reduced if lower rents are secured or properties remain untenanted for periods.

3. Liquidity

   The shares are unquoted, and there is no trading platform or quotation for them. Whilst you can sell your shares should you find a willing buyer, there may not be anyone willing to buy your investment at a price that you deem reasonable (or buy it at all).

4. Exit Strategy

   Subject to market conditions, Byoot intends to exit investment around the fifth anniversary after purchase or a 25% capital gain trigger. At this point, timing and ability to exit will depend on completion of a transaction to sell the underlying asset at the end of the investment term.

5. Tax

   You will be responsible for the payment of your own tax, including any capital gains or income tax. We do not provide tax advice and you should seek independent tax advice before investing if you are unsure of your position.

6. Diversification

   Your investment in property and unlisted shares should only be considered as part of a diverse portfolio which contains investments of different kinds and where you do not put too great a proportion of your capital into property. We also encourage you to diversify your investments across multiple properties to safeguard against excessive exposure to any one property.