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Simon Loo - feedback please

Discussion in 'Property Experts' started by ms420, 3rd Aug, 2016.

  1. ms420

    ms420 Active Member

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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    He's got some street cred - he's even a business member here ;)
     
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  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I have chatted with Simon at a number of meetups and he knows his stuff
     
  4. Michael_X

    Michael_X Mortgage Broker Business Member

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    He is an investor himself and has done well from investing in Logan.

    Cheers,
    Michael
     
  5. RetireRich101

    RetireRich101 Well-Known Member

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    Suddenly I am seeing multiple BA's popping up in the Logan area....
     
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  6. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    He's looked after some of my clients. They've been happy :)
     
  7. bob shovel

    bob shovel Well-Known Member

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    I have used his services. Highly recommend him :)

    He knows his stuff and was great to work with. Always contactable and offered lots of advice and suggestions.

    One thing if you're looking for South east brissy you need to be quick! All the good deals get snapped up quick so have a clear plan of what you're after and be prepared to jump in! The one i got i saw late thurs afternoon, then the auction on sat morning
     
  8. RPI

    RPI Property Lawyer, Town Planner Business Member

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    Multiple clients of ours have worked with him. Never heard a bad word.
     
  9. York

    York Finance Broker Business Member

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    Simon knows Logan and surrounds better than most. I have spoken to him in person various times about that part of Brisbane. I think his portfolio speaks for itself with what he is capable of in that area.
     
  10. ms420

    ms420 Active Member

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    Thanks all for your feedback.

    Anybody has doubts or thoughts over the strategy of putting all the eggs in the Logan basket or the financial structure of the deal or the quality of the property/ neighbourhood etc.? - @York , @Steven Ryan , @bob shovel , @Michael_X , @DaveM
     
  11. Greyghost

    Greyghost Well-Known Member

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    Opposed to what other strategy?
     
  12. bob shovel

    bob shovel Well-Known Member

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    How many eggs do you have?

    Just let the numbers tell you what to do
     
  13. ms420

    ms420 Active Member

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    You put me on the spot . Well, I am new to investing so I don't a strategy but isn't it a little suspicious that all the wealth is made in a single city/ location?

    Why would somebody keep buying in the same location? Wouldn't it be affected by the economic changes simultaneously?
     
  14. ms420

    ms420 Active Member

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    none for now

    - this is a oft repeated statement but what does it really mean? What are the REAL numbers that matters?
     
  15. Tony Fleming

    Tony Fleming Well-Known Member Business Member

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    I can't comment on his services as I've never used them but there are benefits to having a bulk amount of properties in one region or even town. I have 6 in one suburb the same repair guy does repairs. I've had 3 kitchens installed by the same guy, air cons installed dealt with all the real estate agents etc you can build strong relationships and contacts and get dirt cheap prices when they pop up. I know the area like the back of my hand for example coming into winter it s hard to get tenants so try and get them on long leases etc. I would be more concerned about a whole market collapse compared to one town.
     
  16. ms420

    ms420 Active Member

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    Makes sense from the angle that you can pay closer attention to one city/ suburb as against 10 cities. Also your tradie relationships angle makes sense. Thanks
     
  17. bob shovel

    bob shovel Well-Known Member

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    you want to know the sold prices and the rent prices for the area you're looking at. Then you want to get a property for a good price ie cheaper than comparables and not going crazy and sticking to budget. also need to know what the rent is like for the area so you know what you'll likely get. Plus have an idea of your costs eg rates, pm, water etc

    Mix them all together and they'll paint a picture :)

    You just need to work out what you want your picture to look like :D your budget, cash flow pos or neg

    It's more scientific that but I'm a cowboy :cool:
     
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  18. Azazel

    Azazel Well-Known Member

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    I hadn't heard of him until I just - like a couple of days ago - saw him post on here.
     
  19. Simon Hampel

    Simon Hampel Founder Staff Member

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    So you actually don't have anything useful to add to the thread, but you thought you would post anyway?
     
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  20. MTR

    MTR Well-Known Member Premium Member

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    unless it's a rising market I see this as poor strategy, even if cash flowing, you always need to grow capital first. If this market is not rising find one that is, easiest way to grow wealth.