Simon Loo on Paying $380,000 for a $470,000 Property

Simon Loo is the founder and director of buyers agency House Finder, and is a buyer’s agent himself. His property portfolio is now worth over $11 million, with $6 million in equity, affording him the ultimate goal of financial freedom. He has a wealth of knowledge to share about property investment in general, with a current focus on southeast Queensland and southwest Western Australia.In this episode of 'Invest Like A Pro' we’re in Kelmscott, south east of Perth, where he found a bargain deal for his client. Seemingly the last property in the area for under $400,000, they snatched it up— after doing the necessary due diligence, which is different on the west coast than the east. He explains how it differs, what a reticulation system is, and the non-monetary difference between a $150 repair and a $30,000 one. Hosted on Acast. See acast.com/privacy for more information.