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How a poker night led to a terrible property investment

How a poker night led to a terrible property investment

Property investment story
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Not all property doubles in value every seven to 10 years. Just ask Michael Xia who bought a tiny off-the-plan studio apartment after hearing about it at a poker game. So how did he recover from this property lemon to build a $4 million portfolio?

Michael joins The Smart Property Investment Show to talk about how he recovered from his problematic property choices to build a 14-property portfolio.

He also reveals to host Phil Tarrant his plans to get his passive property income up from $40,000 per annum to over $1 million.

Michael and @philliptarrant also discuss how there are winners and losers in property investment and what you can do to make sure you come out on top.

All this and much much more on this episode of The Smart Property Investment Show. Tune in now!

The Smart Property Investment Show gives you insight, strategies and tactics that every property investor can use.

In each episode, the Smart Property Investment team and its special guests will break down what’s happening in the world of property investment, how it affects everyday property investors and how they can take advantage of it.

Make sure you never miss an episode by subscribing to us now on iTunes.

 

Listen to other instalments of The Smart Property Investment Show: 
Episode 27: Australian test cricketer reveals all about his property portfolio
Episode 26: 'How we bought 11 properties in less than 5 years': The SPI Show reveals all
Episode 25: 'How I bought six properties even though the banks don't want to lend to me and I'm self-employed'
Episode 24: 'How property helped me quit the rat race'
Episode 23: 'The worst property investment decision we made' 
Episode 22: 7 properties by 25. How this young investor did it 
Episode 21: The magic formula for negotiating on properties
Episode 20: 'How we recovered from our auction nightmare and bought a property goldmine'
Episode 19: ‘How I built a multimillion-dollar portfolio even though I bought the wrong properties’
Episode 18: ‘What’s the worst that can happen?’ The ups and downs of DIY property management
Episode 17: The secrets to my success – how I built a massive portfolio on a modest income
Episode 16: How I'll retire on $200,000 a year
Episode 15: 10 properties in 6 years – how this elite sportsman will create a passive income
Episode 14: How I turned $4,500 into a multimillion-dollar portfolio 
Episode 13: Are we about to see real estate Armageddon? 
Episode 12: My sink-or-swim investment strategy
Episode 11: How your living expenses will affect your borrowing ability and is it time to chat with your lender?
Episode 10: Is it boom or doom in 2016... and is ready access to finance assured in the year ahead?
Episode 9: How a tradie bought 12 properties in under 4 years 
Episode 8: 'How I bought 9 properties on a modest income - all before 30'   
Episode 7: How to pick a hotspot; Here comes the squeeze!
Episode 6: How to start investing without a plan
Episode 5: 'How I built a portfolio from scratch'
Episode 4: Christmas special! We look back on 2015 and forecast what's in store for investors in 2016
Episode 3: Are we in a property bubble? Does aircraft noise depress property prices? And where's the next boom?
Episode 2: Where are prices on the way back? What's the future for mining towns? Are we all in a ponzi scheme?
Episode 1: What do you do when rates rise? How APRA is affecting investors. And have we found new hotspots? 

How a poker night led to a terrible property investment
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