62 Rental Portfolio, $42,000 Weekly Rent, How Michael Xia built a Cashflow Machine!!!

62 Rental Portfolio, $42,000 Weekly Rent, How Michael Xia built a Cashflow Machine!!!



No, that's not a typo and you didn't misread the title...

Our guest today has reached a portfolio value that only a few people in Pizza and Property history have achieved.

Michael Xia has an unbelievable story, immigrating to Australia from Shanghai as a young boy and growing up in a very modest household before working his backside off to build a property empire.

But that's the thing, he didn't start early, buying his first house at 18 and just growing from there...

Michael only entered the property investing space at the age of 28 and has built all of this in just 11 years.

In today's episode, he's going to break down how he managed to scale as aggressively as he did.

How starting his own business allowed him to keep growing and not tap out his serviceability.

What's his end goal and what's his plan to achieve it?

And if you have similar ambitions, what steps can you take today to get yourself on the right track?

There are so few people in this space with such a massive portfolio who are actually willing to sit down and explain just how they did it.

So when they do, this is when you want to get your notepad out and pay close attention because this episode is one you're going to want to listen to closely!



CHAPTERS:
00:00 - Introduction to Michael Xia's Rapid Growth in Property Investment
03:30 - Discovering Property Investing
08:53 - First Property Michael Xia Purchase
10:23 - Importance of Research and Due Diligence in Property Investing
12:40 - Renovations and Equity Growth
17:01 - Michael Xia views on mindset and Belief in Property Investing
21:35 - Focus on Specific Areas
45:55 - Importance of High Income and Financing Strategies
50:49 - Mindset, Knowledge, and Action



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If you'd like to be flown into the Pizza & Property Studio, put up for a night's accommodation, have dinner with Todd Sloan, and have a team of carefully chosen property investing experts help you get unstuck, click the link below and tell us why you're stuck, and you could be our next UN-Stuck Yourself winner!
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Get in touch with our amazing episode contributors & sponsors:

Property Developr Network:
Register NOW and take advantage of the once-in-a-decade ‘perfect conditions’ for starting a property development business in 2024:
https://propdev.info/launchpad

James Nelis:
https://www.jamesnelis.com.au/

Trove Property Management:
https://trovepm.com.au/

Chat with Michael Xia:
https://www.mortgagechannel.com.au/about




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