Pizza and Property

Ep 278: 34 Properties in 12 Months!!! Biggest Lessons and Insights - With Simon Loo

7 snips
Feb 8, 2025
Guest
Simon Loo
In this insightful discussion, guest Simon Loo, a seasoned property investor and founder of House Finder, shares his incredible journey of acquiring 34 rental properties in just 12 months. He reveals effective negotiation tactics and the importance of speed in securing deals. Simon emphasizes balancing quality with quantity, managing multiple properties, and navigating complex negotiations. Listeners will gain actionable advice and inspiring insights that can boost their own property investment strategies and confidence.
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ANECDOTE

9-Unit Block Acquisition

  • Simon Loo bought a 9-unit block in Sydney's inner west for about $5.5 million.
  • It was a messy divorce sale, and the husband was willing to sell for less than the wife.
ADVICE

Calculated Risks in Property Investment

  • When buying properties, take calculated risks based on experience.
  • Simon Loo didn't do a full building inspection on the 9-unit block due to time pressure, relying on an engineer's assessment and his own experience.
INSIGHT

Financing Multi-Unit Properties

  • Financing a multi-unit property is similar to financing a single property, but with higher costs.
  • Costs like valuations and insurance are higher but can be cheaper per unit in bulk.
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