Michael Xia - Man On A Mission

Discussion in 'Property Experts' started by Befuddled, 8th Sep, 2015.

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  1. David Shih

    David Shih Mortgage Broker Business Member

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    Truly inspirational story indeed! :)
    Shows us sky is the only limit.
     
    David Shih, 9th Sep, 2015
    #21
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  2. Justin_Z

    Justin_Z Mortgage Broker Business Member

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    Well done mate!!
     
    Justin_Z, 9th Sep, 2015
    #22
  3. Totally_Smeng

    Totally_Smeng Member

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    Well done Michael, great achievement and this is just the beginning of your journey like you said "the sky's the limit＂
     
    Totally_Smeng, 10th Sep, 2015
    #23
  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Great story!

    Terrible website to navigate I couldn't read all the pages unfortunately.

    But I am assuming you are going for cashflow and plan to live off/retire from passive income?
     
    Johnny Cashflow, 10th Sep, 2015
    #24
  5. Phantom

    Phantom Well-Known Member

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    Good on you @Michael_X. Truly an inspiration. Keep pushing the limits!!
     
    Phantom, 10th Sep, 2015
    #25
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  6. CraigD

    CraigD Member

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    Well done, @
    Good on you Michael. I was inspired by your story that was posted on SS and bought my 3rd IP at Kingston QLD early this year. Been a fan of API for years but didn't know they have a Chinese version, too. lol...
     
    CraigD, 10th Sep, 2015
    #26
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  7. Eric Wu

    Eric Wu Well-Known Member

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    well done, Michael. will speak in Mandarin next time, :)
     
    Eric Wu, 10th Sep, 2015
    #27
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  8. ross100

    ross100 Well-Known Member

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    Well done Michael great article as always
     
    ross100, 11th Sep, 2015
    #28
  9. Lenny

    Lenny Well-Known Member

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    We had a great day today. My wife and I spent it with @Michael_X attending open homes. We met up with @Lu Bracher at a few of the opens for the first time too, who really impressed us with her knowledge of renovating and property management. We met Linda from this forum too (sorry Linda I don't know your forum name).
    Michael's been so forthcoming with his knowledge and his time for us. He's worked to our pace and we feel very fortunate to have met him. Thanks to @MsAli for the referral :)
     
    Lenny, 12th Sep, 2015
    #29
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  10. Gockie

    Gockie Life is good ☺️ Premium Member

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    Hi Len!
    Nice to meet you today. Good luck on your journey. Was great to see the homes together with everybody today :)
     
    Gockie, 12th Sep, 2015
    #30
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  11. Lenny

    Lenny Well-Known Member

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    Oh now I can put a name to the face.

    Thanks! You too.
     
    Lenny, 12th Sep, 2015
    #31
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  12. Rich2011

    Rich2011 Well-Known Member

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    Were you at the 5 bedder in Woodridge? I should have said hello, I recognised Lu :D
     
    Rich2011, 12th Sep, 2015
    #32
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  13. Michael_X

    Michael_X Mortgage Broker Business Member

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    Haha, we were.

    We should orgainse a PC shirt and wear it around Logan :)
     
    Michael_X, 12th Sep, 2015
    #33
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  14. Simon L

    Simon L Well-Known Member

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    Amazing stuff! Michael's put together a few of my loans already and I am yet to experience a broker with the same level of empathy and communication as he provides - particularly when timeframes come down to the wire!
     
    Simon L, 13th Sep, 2015
    #34
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  15. Rich2011

    Rich2011 Well-Known Member

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    Good idea :D
     
    Rich2011, 13th Sep, 2015
    #35
  16. TFBoy

    TFBoy Well-Known Member

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    Well done @Michael_X, from a cashflow perspective it is a very well built portfolio. However I did notice that the equity was only approx. 20% for the whole portfolio.

    Just wondering whether you have any strategies/protections against potential market correction of 10-20%, which could wipe out your equities. (on a worse case scenario)
     
    TFBoy, 14th Nov, 2015
    #36
  17. Michael_X

    Michael_X Mortgage Broker Business Member

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    The equity is higher now with the growth over the past year.

    If equity drops 20%, I would just wait for the next cycle to pick up. In the mean time the cashflow allows me to hold the portfolio.

    It's like shares, if the shares drop - would someone sell those for a loss? Probably not, they would wait until they go back up. Same as properties, as long as the cashflow is there, it buys you time to sell when you want to.

    Cheers,
    Michael
     
    Last edited: 15th Nov, 2015
    Michael_X, 14th Nov, 2015
    #37
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  18. quop

    quop Well-Known Member

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    @rico2011 random late to the party question but did that 5 bedder in Woodridge happen to be 15 Talganda St by any chance?
     
    quop, 16th Dec, 2015
    #38
  19. Rich2011

    Rich2011 Well-Known Member

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    Sure was :)
     
    Rich2011, 16th Dec, 2015
    #39
  20. quop

    quop Well-Known Member

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    Haha I was there too! Went to take some photos for another PC member from interstate. Wouldn't have recognised you, Lu or Michael as I hadn't met any of you yet at that point in time, but I do remember hearing (and briefly seeing) a group of people going through the property and a female voice (presumably Lu's) pointing out some things about the place to the rest of the group.
     
    quop, 18th Dec, 2015
    #40
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