The Order to Create Wealth! When to buy property - With Simon Loo

The Order to Create Wealth! When to buy property
Something many property investors don't seem to talk about is the order in which to build wealth.
Imagine this - you're cooking dinner and decide to put the pizza in the oven before you've added the toppings, would you be shocked when the pizza came out of the oven and didn't turn out the way you wanted it to?
Of course you wouldn't!
But millions of people do the financial equivalent of this every day with THEIR ENTIRE LIFE.
This episode we talk with property investor Simon Loo, who has built a massive $20,000,000 property portfolio after working in a call centre in his early 20's.
Simon shares one of the keys that no one seems to talk about, as to how he has built such a large portfolio. If you're serious about building wealth with property this is an episode you're going to want to listen to twice.
"It's not always about what you do that determines your success, it's the order you do them in"
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[@pizzaandproperty1246]

Did you buy your family home before an investment property?

[@dericofdorking]

I bought a 2br townhouse because that's what I could afford but listening to this and interest rates being so high I 100% should've gone down the rentvesting path.

[@josesworld419]

I learnt what rentvesting was in 2019, up until then I never heard of such a thing. OCT 2020 we settled our first. Now its JAN 2024 we are negotiating our 4th and already planning how we will access a deposit so we can get a 5th by the end of 2024. Cant wait until our 6 figure passive income 🎉

[@akid6222]

I sort of rentvested, sort of PPOR'd. Data made sense to invest in Launceston so I actually just moved there and bought a house. Lived for 2 years there and rented a spare room. Now im living interstate and that house (along with 2 other IPs now so 3 total) are rented out with reasonable yields (avg 6.5% or so). Trying to buy no.4 noe.

[@Northstar2000]

Yes

[@theraylopezexperience7605]

The number of things I've learnt from this channel is mint 👌

[@pizzaandproperty1246]

Thanks mate! That’s awesome to hear 😊

[@behindthebuild8016]

Loved this and loving the series. Wouldn’t mind hearing more about his air bnb investments if he comes back on!

[@pizzaandproperty1246]

Thanks mate! Great idea I’ll ask the question 👍🏼

[@samchapman973]

great podcast! simons a great guest. so glad to have found this podcast, everyday listening everyday learning :)

[@pizzaandproperty1246]

Thanks mate! glad you're enjoying it 🙂

[@akid6222]

Love this podcast guys. Very interested to hear from guests of how to build large portfolio and go beyond with borrowing capacity.

[@pizzaandproperty1246]

Hey thanks mate, love hearing you’re enjoying it! If you haven’t already listened to the ep with Micheal Xia this is a great story, I’ll link below:
62 Rental Portfolio, $42,000 Weekly Rent, How Michael Xia built a Cashflow Machine!!!
ua-cam.com/video/Oi7qGNPos5o/v-deo.html

[@whbudd]

Good insights thank you

[@asianboywhat]

Such a valuable video.

[@pizzaandproperty1246]

Thanks mate! glad you got a lot out of it 🙌🏼