{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Andrew Wright Property Podcast","title":"EP38: Four Reasons Why I Own Nothing","html":"","width":"100%","height":180,"duration":1544,"description":"How can you build a multimillion-dollar property portfolio and personally own almost nothing?\nAndrew Wright has spent decades building wealth through property, yet today he says the only things he personally holds are his credit card and the clothes on his back.\nThat’s deliberate.\nIn this episode of The Andrew Wright Property Podcast, Andrew and Adam unpack the four reasons Andrew uses companies, trusts and other structures rather than holding his investment properties personally: asset protection, estate planning, borrowing capacity and tax planning.\nAndrew also explains how being sued following the GFC fundamentally changed the way he thought about protecting assets, why he maintains loans across most of his properties, and how different structures have affected his ability to finance and grow his portfolio.\nIn this episode:\nWhy Andrew personally owns almost nothing \nThe experience of being sued after the GFC that changed his approach \nHow Andrew thinks about asset protection across his portfolio \nWhy estate planning becomes increasingly important as a portfolio grows \nHow different entities can affect borrowing capacity \nWhy Andrew uses separate structures when acquiring properties \nHow tax and land tax considerations influence his decisions \nWhy the rules can change significantly between Australian states \nWhy getting professional advice before buying matters \nThis isn't about copying Andrew's structure. It's about understanding that what you buy is only one part of property investing, how you own it can matter too.\n\nImportant: This episode discusses Andrew’s personal experience only and does not constitute legal, financial or taxation advice. Always seek professional advice based on your individual circumstances.\nLearn more about Andrew Wright:\nAndrew Wright Property","thumbnail_url":"https://img.transistorcdn.com/AWve3fdnlO5RFVojAFxQgn5FISMIjquKk-WfEFUMIg4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jNWEw/ZTA1YTI2ZjQ0OGQ1/NmE0OGU3MzA0NTc5/MTBkMS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}