Simon Loo - feedback please

Anyone used the services of Simon Loo? See below link. Appreciate honest feedback Both as a strategy and investing in Logan.

Buyers Agents - House Finder | Investment Buyers Agent | Logan/Southeast QLD Specialist

 

He's got some street cred - he's even a business member here

 

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

 

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

Cheers,
Michael

 

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

 

He's looked after some of my clients. They've been happy

 

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

 

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

 

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.

 

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

 

Opposed to what other strategy?

 

How many eggs do you have?

Just let the numbers tell you what to do

 

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?

 

none for now

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

 

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.

 

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

 

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 your budget, cash flow pos or neg

It's more scientific that but I'm a cowboy

 

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

 

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.