Great Ep! Shortlisting suburbs through X amount metrics; price, yield, DOM, SOM, vacancy rates, price change ect - still left with 100+ suburbs after all metrics applied. Love to see an ep follow up on the other metrics used like job opportunities, population and infrastructure
The asking price of 10 Jecks is 470k, sold for 531k, and the estimated price from RP data is 560k now in Sep 24, and the last sold on 2021, which is 260k, Which means Perth has already doubled the price in 3 years!
Thanks for that was very informative and very useful going through real life examples. Might have been good to introduce him though in the beginning who he is and how many properties he has etc
Thanks mate! glad you enjoyed it, yeah fair point, we tend to jump straight into the episodes core, but I hear you, having a bit of a "why you should listen to this guy" intro would make sense. cheers for the feedback bro 🙂
@@pizzaandproperty1246 Yes as I had no idea who he was. Apart from reading the title which might have been clickbait! Haha. But if he was a guy that bought 1 property only I would have turned off. But only 5-10 mins into the video I worked out he was a serious investor with many properties. I was getting ready to switch off if I found out he didn’t have much experience in the first few minutes
Hey mate good spotting! I believe the water usage has been left out as it gets passed on to the tenant in almost all cases, some states requiring a certificate from a plumber to do so. Personally I've never seen land tax or MRIT in a cashflow calculator. It's not to say you couldn't put it in there however, it adds another layer of complexity in terms of assessing your entire portfolio to calculate the correct amount, not to mention corporate trust entity verations. These kinds of cashflow tools are used to give a quick snapshot of the property and how it performs individually, not so much over an investors personal portfolio. BTW your dog looks so cool 🙂 like a massive teddy bear! Let me know if you've got any other questions bro ❓😀
I love Simon Loo. Looking forward to what he can find us.
The guys securing some pretty solid deals atm!
My favourite part of this was Simon’s laugh 😂 Great tips, thanks guys!
hahah it is infectious 😆
him and Michael Xia together are a crap up.
Very useful information, thank you very much
Thanks mate, glad you enjoyed it 👍🏼
How important are power lines? I rarely considered that when researching a property
Really depends on how big and how close, if you’ve got a full “Eiffel Tower” power line towering over the house it can completely kill re sale
Simon is the man. Best story teller.
Great ep. Thanks!
Thanks dude!
Great Ep! Shortlisting suburbs through X amount metrics; price, yield, DOM, SOM, vacancy rates, price change ect - still left with 100+ suburbs after all metrics applied. Love to see an ep follow up on the other metrics used like job opportunities, population and infrastructure
Thanks dude! really glad you enjoyed it 🙂
It's good to see investors pull apart live deals.
Thanks mate! We’ll be making more of this kind of content moving forward 😊
I have a property manager thats charging 6%
He will also give management as a referral bonus.
6% is pretty good! As long as you're getting the full service
@@pizzaandproperty1246 yep full service. They also only take 1% for selling cost aswell
Interesting… that’s a great price if you’re getting an investor savvy PM, most cheep PM I’ve meet are terrible
Great episode! I learned a lot for the process, which is similar to what I currently have but more systematic!
Amazing that’s great to hear Ellie! 🙌🏼
Can we have that spreadsheet?
I’ll have to check if simon shares this, will link if it’s a yes 🙌🏼
@@pizzaandproperty1246hoping for it too. Or something similar
@@pizzaandproperty1246was it a yes or no?
Did he end up sharing the spread sheet? :)
Yes would like to know and save myself a couple of hours.
The asking price of 10 Jecks is 470k, sold for 531k, and the estimated price from RP data is 560k now in Sep 24, and the last sold on 2021, which is 260k, Which means Perth has already doubled the price in 3 years!
Great watching how its all pulled apart in real time, really cool insight!
Thanks, glad you enjoyed it 😊 We’ll be making more content like this with a bigger how to focus
Thanks for that was very informative and very useful going through real life examples. Might have been good to introduce him though in the beginning who he is and how many properties he has etc
Thanks mate! glad you enjoyed it, yeah fair point, we tend to jump straight into the episodes core, but I hear you, having a bit of a "why you should listen to this guy" intro would make sense. cheers for the feedback bro 🙂
@@pizzaandproperty1246 Yes as I had no idea who he was. Apart from reading the title which might have been clickbait! Haha. But if he was a guy that bought 1 property only I would have turned off. But only 5-10 mins into the video I worked out he was a serious investor with many properties. I was getting ready to switch off if I found out he didn’t have much experience in the first few minutes
@@fredsalfaSimon loo is an awesome BA. And one of the best at explaining deals. 😊
Always great listening to you two talk it out and break things down in an easy to follow way, keep it up :)
Thanks mate glad you're enjoying the breakdowns :)
Simon is sharing gold here
Glad you’re enjoying the episode mate! Anything else like this you’d like to see?
No mention of water rates, land tax or MRIT in his cashflow calculations 🤔
Hey mate good spotting!
I believe the water usage has been left out as it gets passed on to the tenant in almost all cases, some states requiring a certificate from a plumber to do so. Personally I've never seen land tax or MRIT in a cashflow calculator. It's not to say you couldn't put it in there however, it adds another layer of complexity in terms of assessing your entire portfolio to calculate the correct amount, not to mention corporate trust entity verations. These kinds of cashflow tools are used to give a quick snapshot of the property and how it performs individually, not so much over an investors personal portfolio.
BTW your dog looks so cool 🙂 like a massive teddy bear!
Let me know if you've got any other questions bro ❓😀