Subscribe
Share
Share
Embed
🎧 Real deals, real strategies, real results. Learn how to find, fund, and operate profitable property plays from someone who’s actually done it.
Hosted by Andrew Wright, principal of Professionals Southport and a commercial investor who rebuilt after losing a ~$15M portfolio during the GFC, this podcast gives you a straight-talking look at what it really takes to build wealth through property.
Each episode delivers practical frameworks, real deal breakdowns, and honest conversations with high-performing investors and operators across residential and commercial.
But it’s bigger than the episodes. The goal is to build a community of like-minded investors who share stories, swap insights, help each other grow and maybe even do deals together.
🔗 Join the community & learn more - leave your email at: www.andrewwrightproperty.com.au
📍 Connect with Andrew: hello@andrewwrightproperty.com.au
In the GFC, I'd lost a portfolio of about $15 million of assets. It was my mindset of tough times don't last but tough people do. That got me through and I looked at my 2-year-old daughter, my 3-year-old son, and I just wanted to make sure that when they grew up they were proud of their dad.
Hi, I'm Andrew Wright, principal of Professional Southport, and this is the Andrew Wright Property Podcast. I've built a multi-million dollar property portfolio delivering a seven figure annual rental income. And led my real estate team through thousands of sale and lease transactions. In each episode, I share real deals and strategies that will help you find, fund and operate profitable property deals.
The aim of this show is to provide education and build a community of like-minded investors who can collaborate, share insights, and help each other in each other's journeys. You can make excuses or you can make money, but you can't do both. So come and join us.
Hello, and welcome to the very first episode of the Andrew Wright Property podcast. My name's Adam Bell, and this is a series that's built to get you thinking like an operator, where you'll discover practical frameworks. Decisions checklists, straight talk lessons and property investment tips and tricks so you can make smarter property moves.
This first episode is all about the person behind the playbook, Andrew Wright, his story, the crash, the rebuild, and the principles Driving a Cash Flow First Portfolio. No deal deep dives today. Just the mindset and values behind the man behind the podcast series. Andrew, welcome to your own podcast. Thank you, Adam.
It's a pleasure and I look forward to building it with you. Fantastic. Look, I've, we've been talking about this for a while now, and I'm really excited about what this series is going to bring over time and talking through your stories and deals that you've done. But today I wanna, I wanna dive into who you are, where you've come from.
Sure. But first, let's, I wanna start with. The story that got me the most when we started first chatting, and this is, all about, I think, where your property journey took a real turn, didn't it? So it was all round the GFC, wasn't it? Can you can you start by telling us, tell us that story?
Yeah. Initially it was not property. It was a different industry that I was in and over more than a decade. My wife and I worked over a hundred hours a week building a financial services business. It was a financial planning firm specializing in self-managed superannuation advice. I employed 35 staff at its peak. We had a finance brokerage business with a few full-time brokers, a life insurance business with some full-time life insurance brokers. Some accountants. We set up a self-managed Superfund accounting business that was a fairly big sort of operation. And when the GFC hit in 2008, unfortunately for those that can remember those times almost everything suffered massive losses.
And at that time, the no win, no fee, lawyers came out and most people get a feeling of how stressful it could be to get sued by someone. I had over a hundred people making claims against me. And over the following during the couple of years there, at least a couple of years, I was spending six hours a day just defending myself with
claims. So this is, I do remember the GFC because as a person, I guess roundabout that we are roughly the same age, same generation. I had a business at the same time, and I didn't know that bad economies existed. Yeah. I'd never seen one.
I didn't realize economies could turn the way that did.
And I Yeah. I'm guessing you're probably had a similar why were these people wanting to sue you? Explain what your product and services were to them and what actually then drove them to be then litigating against you.
We could probably do a one hour podcast just on that, but it's probably not o overly positive.
But at the end of the day we in the financial planning community employ research companies to do researchers on various investments and Sure. We certainly only recommended products that were recommended by research companies. And our head office dealer group had a, what we called an approved product list, and that's all we recommended.
But at the end of the day, the way the system works is that the, the lawyers find it a lot easier, rather than taking on a massive global fund manager who actually you lost the money will take on the little financial planners because they have professional indemnity insurers, and they hope to come to some sort of settlement with that.
So I see. It's, it was it was really tough times. Yeah, I can imagine. With that many people chasing you. So what happened from there? It really, from a mental point of view, I think I'll respond. First of all, it got to a point where I didn't want to get up the next day. I was having a drink at night uncontrollably crying many nights.
Just scared to open my emails, scared to go to the letterbox to see what was coming the next day. And, it was rock bottom. I can imagine. Yeah. Eventually I was forced outta that business for all the legal reasons that that, that came from that. And I just had to have a mindset that as a I had two kids at the time.
My son was three my daughter was two. They were just so important to me and I just had to try and emotionalize my future goals. I'd lost everything. How much had you lost? I had about $15 million of assets in including business value. Sure. And and other assets that had been wiped, almost wiped out at that time.
I I ended up wiping it all out over the next 12 months when I. I started basically gambling, trying to when I had to get rid of my business I'll tell you the story, like I picked up, I was so down in the dumps, so I picked up this magazine and Business Review weekly, and they had a a rich list for under forties.
And I was looking at the, this list and I saw the bottom benchmark. And I was thinking why aren't I in this list? And through all the depression, I said I'm gonna, I'm gonna show these guys I'm gonna. I'm outta, I'm gonna get outta this financial planning business. I'm gonna get in the BRW rich list and sort of an ego came over me that I wanted something to look forward to.
And I just started taking massive risks with in the share market with options, accounts, and a thing called contracts for Difference, where you can really leverage up and very un prudent gambles with very little risk management. And I just lost a lot. So these
were almost Hail Marys to try to recoup what you'd lost?
Yeah.
Look I lost a million dollars in a day with one company that went broke and multiple other days I'd lose half a million dollars on, wow. I'd have $10 million going long or short on BHP and Rio, and they'd drop 5% or go the wrong way. And margin calls would come in I'd get cashed out and, I made a million dollars a month twice just in my accounts thinking I was God's gift to trading. When stuff comes easy, it goes easy and eventually I lost a lot. Wow. So you were actually, you were bankrupt? I didn't go bankrupt. I fortunately I had an American Express card with a hundred grand on it.
I had a Citibank Visa with a hundred grand. I had some A NZ credit cards. On paper when I did me maths of what I have and what I owe I was in the negative. I didn't go through bankruptcy and I managed to hang onto the house and somehow kept on making, but your net worth was negative.
Oh, my net worth was negative even though I didn't declare bankruptcy. One of the things apart from the emotional goals I had about what are my kids gonna think about me? And, I thought imagine how proud I'm going to be if I fight through this and get back and yeah.
So tough times don't last but tough people do. And I kept on thinking about that and advice my father had always given me in the past that there's no such thing as bad luck. Luck will average out over a lifetime. So I just kept on thinking things, there's gotta be some good things happening down the track.
Which, which,
which happened, didn't it? Eventually, yeah. So what did you do from there? What you've rock bottom, you've got nothing to your name, what you've dug deep mentally and said I'm gonna get outta this. Yeah. What did you do?
I wasn't able to go back into the financial services and I had to find something else to do.
I didn't have any other real skill sets or abilities. I had been a real estate agent straight outta university in 1991, and that was the only other thing I'd really done. I used the one credit card that I had 20 grand left on, and I bought the professionals at Southport on my credit card.
You bought an bought it on my credit card. I had no money. The guy was really upset selling it. He said, oh, Andrew, it's gotta be worth more than that. I said, mate, I don't have any money. This is all I've got. And he wanted to move on. There, I bought his the phone number they'd been using for professional Southport and and the name and then I just, I started a business from there.
Wow. Okay. So you've borrowed all the last
money on your credit card. What did you get for the, for just a phone number and the name? Professional Southport. He'd already sold the recurring income from the property management rent role. So there was nothing there. There was one. Sales person that was on commission only.
He came across and I didn't know how to own a real estate business or even be a successful salesman, so I just offered him a really high commission rate. I think it was 80% at the time. I said, look. I'm your boss, but you need to teach me how to do real estate, how to do it. Okay. And I just learned from him how to sell.
And then when I started making a few sales, I used that money to employ my wife worked for free at the time as the receptionist. As she always had supported me in the previous businesses. The first few commissions went to employing a senior property manager who could help us build a property management business.
'cause I had no idea. She taught me how to how to grow the property management business. So straight in no. Go and work for someone else for a while and learn the ropes. I was just straight in there.
So you've all, it sounds like you've always been entrepreneurial then. And and so from that point how quickly did you grow?
The first five years I made nothing. Yep. Everyth cent I made went back into the business. And, that was a massive sort of a learning curve. Again I forgot how hard it was to build a business. And the previous businesses that I'd scaled around financial services were a lot easier because I already had the clients.
And when we offered them a different service like life insurance or self-managed, I had the client base, but. In real estate. I started from scratch and it was five years I made nothing really. Everything went back into the business in wages and Yep. And infrastructure for that business. Yeah.
Right.
But it's coming outta the ashes. You put in the five years. Yep. Then you're starting to make money again.
Then I'm starting to make money and unfortunately again all the stresses that I cause my family at that point in time, resulted in a separation with my wife.
And the story goes on that, the financial separation happened and again, that sort of delayed me going out building a property portfolio because of the commitments to my partner in that binding financial agreement from our separation. So that sort of slowed me down again.
But eventually perhaps five years ago now, I started to scale a property portfolio and, it's so exciting. I'm only really just getting started scaling it, but it's it's. It's, I love it. I'm passionate about it, and that's why we're here starting the podcast.
Fantastic. And I do want to hear more about that, but I wanna wind back a bit now and just know a bit more about, and who Andrew Wright is.
Not the real estate agent, not the the property investor. Tell me about your background, Andrew. Where did you grow up and what was your childhood like and what have you been on the Gold Coast your whole life?
Yeah. Okay. I'm born in Harvey Bay 1970 a fair while ago.
Primary school in Brisbane, and then secondary school at Lips Grammar School as a boarder. They were the best years of my life. We just played sport every day and. Developed lifelong friends at Ipso Grammar School. Okay. So you liked boarding? Absolutely. Absolute. Loved it. Became a boarding master straight after school when I went to Gatton University.
I loved it so much. I went lived at the Ipswich Grammar School. Wow. And became a boarding master. Yep. Did a university degree in business and and then moved on and moved into the financial planning industry and that's that's the story we got up to before. Yeah, sure.
And so sport was something you were always yeah.
Always into sports. On what
What sort of sports?
I wanted to be a professional tennis player till I was 13 or 14, but clearly wasn't good enough. Middle distance running rugby league and after I grew up got into martial arts and, help my two kids become black belts in karate as well.
Okay. Any, now it's really any fighting sport and rugby league is my passion. Sure.
And what do you think, what, obviously, even in what we've talked about, even just to now obviously you've got an incredible work ethic. What do you think, drove where,
where did you get that from?
Yeah, that's the easy one. So my dad, he was a an ex wallaby rugby union player, a fantastic sportsman all round first tennis, first cricket, best rifle shot in the school, all these types of things. And right from an early age, dad, dad was always in the goal setting and business, him and mum.
They literally worked a hundred hours a week in different businesses. Dad had day and night pharmacies, which was his main profession. And he got into property development as he got a bit older to get out of the a hundred hour a week pharmacy business. Sure. So that look right, as a young kid, we were slaves to mum and dad helping them in various businesses and, we were never given anything. It was, you get two bucks if you mow the lawn, you get two bucks if you wash a car. And right from an early age I was out knocking on doors when I was in primary school. Can I mow your lawn? Can I wash your car? There's some 20 cent recyclable Coke bottles there.
Can I pinch them and take 'em away from you so you don't have to worry about it? We'd go down the shops and cash 'em in, and then that was our pinball money or space invaders or whatever we did at the time. So yeah, I, I was right into it as a young fella watching mom and dad and and. Doing those things on the side.
Fantastic. So
was it you said that you went into a, you became a real estate or got your real estate license pretty much straight out of outta school. Was it your father that doing his property development that sort of gave you your first. Interest into property. Yeah.
So Dad in the late 1970s, built a couple of blocks of units on Bribe Island, did very well.
And then most developers do wanted to take on bigger projects as his education grew. And unfortunately he went for one that was a bit too big. And then around 1980 interest rates hit 18%. Cost blew out. And dad got into default with the lenders and there was 5% penalty interest. I think add that on to 18, he was paying 23% interest.
Wow. And Dad did the same thing that I was later to do and he lost everything at that time. Again, didn't declare bankruptcy, but had to cash in his whole of life insurance policies and just living day to day trying to survive. That was my introduction to real estate, but I knew there was some silver lining there from dad's first couple of property developments, and that's certainly where I developed an interest in real estate.
So you saw both sides pretty early on then? Yeah. Yeah. Is, was. Has that shaped your mindset now? 'cause that's one thing that you know, really impresses me about you as a person. And you, you've said it early on with what happened with the financial services business. It was this mental toughness, this this belief in yourself.
Was that shaped by anyone in particular? Was it your father?
No doubt it was the old man. He's he's passed away now, but yeah, no, he was, he was, yeah he taught me all about goal setting and yeah, just doing the best you can. And without doubt the mindset came from him. But having said that as a, I can't overstate the importance of having a couple of kids there.
You have a responsibility as a father and when you've got a couple of young kids there, it's you can't quit, can you? Yeah. No. You've gotta keep going.
Yeah. That's it. You've gotta keep going no matter what. Yep. Alright. So you've you've gone and you've bought your your real estate agency.
It's starting to, to after a lot of hard work. You're obviously learning a lot Yeah. About property. You're you're selling a lot of, homes and things. Was it all residential or was there commercial involved in those early days of the real estate agency,
The agency is predominantly it's 85% residential.
So it's it's only in recent years started to diversify out into some commercial transactions and commercial property management. So it started with residential and remains mainly residential.
Sure, okay. And it was obviously, I would assume that the buying of the real estate agency that's starting to be a real estate agent that led you to believe, led to you saying, right property is where I'm gonna build my wealth.
Yeah, a
hundred percent. Look when mom and dad were going through a tough time straight when I got out of university around 1991, they left our Gold Coast residence. We moved to the Gold Coast around 1990. Yep. And, they moved to the Northern Territory to run a pharmacy and they left us with this big six bedroom house that they owned at that time in 1991.
And I said, look dad I, what are we gonna do here? And they actually said you don't need to pay us board anymore. We are leaving you. We feel a bit guilty about that. We'll be gone for a few years. As long as you pay for the rates and the insurance, you can do whatever with your house.
So that was my first little entrepreneurial idea back then, as I rented out four of the other bedrooms for 50 bucks a week. Perfect. Brother and I were in two rooms. Yep. And the other four rooms we rented out for 50 bucks a week. And that sort of cash flow we, we call it house hacking now, but, that, it's funny now, 30 years later, the rooming accommodation industry is such a big thing these days. But I was doing that with my mom and dad's house straight outta uni just to survive. There's 200
bucks a week straight outta week uni. Fantastic. I want you to like cashflow first is one of your main principles.
Absolutely. So can you define cash flow first in your words? What does that mean in practice?
I think it's important from an individual property perspective. And secondly I'll answer that question from a perspective of scaling a portfolio. Not my opinion, but statistical facts from the tax office, which most of the listeners are probably familiar with, is 99% of investors in Australia own less than five properties.
Why is that? The bottom line is most residential investments are negatively geared. So in really simple terms, like you have to really ask yourself a question. If a property investment is running at a loss of 20 grand a year, how many of those investment properties can I afford to own?
And again, not my opinion, but fact, 99% of Australians don't own more than five for that reason. Most of my portfolio is focused on commercial property, which can typically have three times the net rental income or cash flow. And you've gotta ask yourself the same question. If I have an investment property that makes me 20 grand a year, how many of those can I afford to own?
It's a lot more, isn't it? As many as you can get your hands on and Absolutely. Where I love the discussion around cash flow is. When you talk about capital growth, because at the end of the day, if we look back the last hundred years in this country and others, land values have doubled every 10 years or so.
So you ask yourself another question, if land is gonna double again in the next 10 years, how much land do you wanna own? As much as you can. As much as you can. So it's that cash flow that allows you to continue buying. So when I hear. Other property experts talk, oh, you've just gotta go for capital growth.
If you can only afford to hang on to one or two houses you might get some great capital growth. But at the end of the day, if you can own a hundred properties, commercial properties and not many people get to that level, but I'm, yeah, trying to demonstrate a point. You wanna own as many as you can so that if land values do double in the next 10, 20, 30 years.
You're gonna benefit from that and without the cash flow, you just don't have the service ability to do the borrowing. The second response to your question from a portfolio perspective, I think to me, in my opinion, is that when you develop a portfolio that has large cash flow, you earn the right to start buying other properties with no cash flow.
Such as at the moment I own several vacant blocks of land with no cash flow. But I'm able to tolerate no cash flow on those because the rest of the portfolio pays for it. And I'm not relying on my personal exertion in my business just to fund those payments.
Yep.
And I love being a hybrid investor off such, searching high cash flow, but doing some property development on the side, getting development approvals to build on land, which forces appreciation.
Forces equity a lot quicker than just passive investing. Yep. So cashflow's important at an individual asset, less level, but also when you're scaling a portfolio, you tend to have a different view of cashflow and its importance as well.
Now, if this isn't peaking your interest then nothing will. Talk to me about your portfolio. How did it start? And, let's talk numbers. Let's talk the five years. Sure. Talk me through it. Where did it start? How has it grown? What's it worth?
Okay. Let's just start with it from a mindset point of view, important to know that, i'm not lucky.
The first three properties I bought I sold and lost money on. Okay. So this, that's a really interesting part. Yeah. Yeah. So before I even started my real estate business in 1992 I bought my first house in Logan home for $88,000. I sold it seven years later for 90. But you take away the commissions and the stamp duty.
I held it for seven years and lost money. Wow. The next two commercial properties I bought. I lost 75% of my money on those deals. It was a different, a risky type of asset class, and they went bad. So my first three transactions were terrible. I'm surprised that wasn't it. I was surprised that wasn't the end of property for you.
Yeah. So look, you can lose money and just it's interesting because there's so many podcasts. I listen to three podcasts a day probably, and everyone is used to making money because in the last five to 10 years, property values have just gone up. But it's just important for listeners to understand that there's been many long periods of time where rents don't go up, rents can go down.
Property values can go sideways for long periods of time, and I've seen that and suffered that before. And it's gonna happen again for sure. It's an absolute mathematical certainty that. We will have a market correction at some time. So this is why cash flow and. These types of things are important,
and I can't wait to delve into that in so much more detail as we as we move along with this podcast series and look at, individual deals that you've done and put together and the theory and the reason behind it, which you're touching on now.
'cause another thing that you've mentioned to me on numerous occasion is highest and best use. What does explain that to me.
Look if you were to Google that had come up with something along the lines that the highest and best use of a property is whatever will produce the greatest economic benefit given the current zoning of the land.
So when I think of that I have different properties and different asset classes. You don't always need to use a property to its highest and best use straight away, but it's important to know what that, that is when it becomes vacant. So just off the top of my head, I, you gimme an example.
Yeah. I have a vacant block of land in Ipswich. In the CBD it's used as a car park. It's got a really good cash flow there. There's nothing there. It's just a car park. But if the the tenant there ever stops paying me rent. I know the highest and best use of that site is a high rise building, and it previously had development approval for 160 units over a 15 story development.
Now, I don't have the money to build that at the moment, but down the track, if that tenant ever starts renting it as a car park that I've got there, I will join venture with someone else or get a new development approval for a high rise. And clearly that's gonna produce a lot more revenue and also a lot more.
Benefit to the community Yeah. Than, than just the car park. Sure. That's the highest and best use. So realizing
what that is, even if it's not for right now.
Exactly. Okay. And especially when it comes to exit strategies. Not just forcing value, but exit strategies. If you've ever gotta sell something, knowing that you can build a high rise on a block of land, a higher density zone site is obviously important to know that's the highest and best use.
I didn't finish off answering your question about the portfolio at the moment, Adam, but I've developed a, starting to scale a portfolio. Now. It's still minuscule compared to some of the gurus out there. But I have residential assets an eight bedroom, eight bathroom rooming accommodation property.
I have dozens of retail properties from, a couple of gymnasiums cafes, hairdressers, beauty salons, real estate agents, massage shops retail convenience stores a couple of office properties industrial assets. My, my favorite, a asset class at the moment. I've purchased about six truck depots and industrial outdoor storage.
Facilities. Wow. That's my fav favorite asset class. LA A couple of years ago I bought a church even. So a really diversified portfolio of assets. And different asset classes.
Wow. And what would you say, am I allowed to ask what That's, that the net worth of that is roughly on paper at the moment?
It's, it, the portfolio is more than $20 million at the moment. Wow. But as I said, it's I'm just starting to scale it now.
Sure. And so this is, to a lot of people, that's gonna seem like a huge amount to others. That's gonna seem like a little bit, it's we're all on a journey, aren't we?
That's exactly right. And part of this whole series is for you to share your journey and to share your knowledge and to create a community around something that you're absolutely passionate about that absolutely. You've, that I'm gonna say you're already very successful at. But as you said this, for you, feels almost like the start of the journey.
We are, it, you're right. It depends on your background and your level of thinking. Remembering in my mid thirties, I was on my tax return, I was earning more than a million dollars a year back then, so that's 20 years ago. So when you go from there to zero your mindset changes.
But yeah, but to me, to answer your question, I went walking on the beach last week with a mate of mine who's building 13. Thousand houses at the moment. I'm a small. Fish in the big pond.
It's all perspective, Andrew. It's all perspective and we'll, we will have a big range of people listening to this who will think you are the big fish in, in their small pond.
But I, I take your point. Alright, tell me. Who is this podcast is your idea. It's something you've wanted to do for a long time.
Yeah.
You're gonna get some amazing guests to tell their stories and share their principles. You are gonna do the same.
So who is this podcast for and who is it not for?
Look this podcast is for anyone who's wanting to make money in property and scale a portfolio for their families. What I'm wanting to do is. Not just talk theory, but bring real life deals on the properties that I've bought, and more importantly, bring in other guests that are far more successful than me that can teach all of us about the strategies they've used to accumulate wealth and property.
Who it's not for. Even though I have had a long history in financial services, we won't be discussing share markets cryptocurrencies foreign exchange, commodities, anything like that. It's really focused on residential and commercial property.
Sure. And probably just make the point. And there is a disclaimer at the end of this that none of this is financial advice.
None of this is to be construed as financial advice. Always get your own independent advice. This is just for people who wanna listen and learn principles
a hundred percent. And I've had enough time responding to legal claims in my lifetime. So it don't want anymore, honestly. Get lawyers involved.
Get accountants involved. Yeah. Whenever you do something. And the value that they can add, especially around structuring your investment property portfolio is, very important.
Sure. Alright. What promise are you gonna make to, to listeners about how this show's gonna run?
I promise to provide real life examples of how to make money.
Like I, I do have a small list of transactions in different asset classes that I've done that have really done very well in short periods of time. And I know some people that are far more successful than me. We'll really give examples of how you can make money. It's just not theory, it's real life stuff.
Examples. And what I think people will see after a few episodes when I cover the different asset classes is hopefully they'll be able to pick up a, an asset class that relates to them. And if they're a tradey, for example, that's always worked out of a shed they might, may find industrial.
Properties for them. If they're a a doctor working in a surgery, they might wanna buy medical assets and everyone will find a comfort zone. So hopefully someone will find an asset class that they can specialize in and make some money out of.
Excellent. What I'm really excited about is I think, there's a lot of people who out there when they think properly, all they think of is residential.
Yeah. And, but this is gonna be so much more, so more di diversified on and thinking, way outside the box on, why am I just buying a negatively geared home?
Look. Yeah, look I listen to podcasts every day and I have to say probably 75% of them when they come up on my phone are residential in nature.
So I, I'm certainly not gonna duplicate all of the content that they produce because that wouldn't be adding value. Look the beautiful thing about property is there are so many ways to make money. Yeah. There, even myself I've gone from asset class to asset class. I'm now.
Attending to favor truck parking depots. That's my asset of passion at the moment, but there's so many different ways you can make money and hopefully this podcast can bring on experts in each of those asset classes so people can actually learn some different strategies that most of these other podcasts won't cover.
Sure. Can I challenge
you on something going forward? Can we do the odd episode on a deal that didn't work, that you lost money on so people can learn Absolutely. Where the mistakes are as well.
Absolutely. As I said, the first three properties I bought, I lost money on, and there are other ones that I've held for a long period of time that haven't been successful.
And we can probably even go through a few deals that I actually purchased, put under contract. And didn't proceed with, when I did my due diligence, I pulled the pin on the contracts and tell you why they weren't gonna stack up.
I love that because we have just spent five minutes talking about why this podcast is gonna teach people how to make money and go through deals that did.
But I don't think there's many people out there talking directly about deals that didn't and the learnings that come from that. Absolutely. Because they could be just as important as learning the ones that did. Absolutely love that. So rolling forward. We're, this is gonna be released weekly.
What do you want to get outta this podcast?
It's not what I want to get out of it. It's it's, I wanna share. So one of the philosophies that I read recently from a guy that I admire was, when you come to the end of your life, you'll be judged not by how much you accumulate, but by how much you give.
And I have been fairly selfish trying to recover. On my business journey for most of my life, and I want to give back a fair bit. I want to help other people. And this podcast really is about hopefully putting together an online community of like-minded people who want to help each other, who can collaborate, share ideas.
It could even be sharing town planners and engineers and architects, building designers talking about deals that didn't work, so we can all help each other. Improve our family situation with investment in property.
Sure. And probably a good point now to make that there will be in the show notes, a link there to be able to join your community.
It's starting from now. Yeah. There will be Facebook groups, there'll be, all sorts of ways to collaborate going forward. If you're listening to this now and want to be part of this journey. And part of this community, please do use that link and and give us your details and and of course, obviously give us a follow.
Give us a like, and make sure you never miss an episode going forward. But look, I want to just quickly finish off now, Andrew, with just a little bit of fun. You, quick fire round, give you five or six quick questions. First things that comes to mind. What's what Your favorite food.
Crab. Fresh crab sandwiches. Without a doubt. Crab sandwiches. Yeah. Wow. Okay.
First
job, actual job. An abattoir at Gatten while I was at university. Sweeping blood and guts off the floor. Wow.
Okay. A book you recommend.
Cash Flow Quadrant by Robert Kiyosaki.
A Habit you're
proud of. 5:30 AM every morning I exercise one.
You're trying to break. Scrolling on my mobile phone, like really late at night when I should be going to sleep.
Best advice you've received that actually aged well
with ordinary talent. Extraordinary, perseverance. All things are attainable.
Fantastic. Now, I know one of your things that we've talked about is that you're gonna sign off each and every episode with a with, let's call it a saying or a or a little piece of ad advice. What's your one that you wanna start off with?
A journey of a thousand miles begins with a single step.
Perfect. I love it. Andrew, thank you for opening this series with such honesty and clarity. Now, we'd love it, as I said, if you could like share rate and of course follow the show so you don't miss any future episodes.
Now in episode two, we are gonna be unpacking a deal the office to Residential Conversion Play, and how to identify underutilized space, navigate compliance and operations, and convert it into a durable cash flow while avoiding common pitfalls. So it's definitely not one to miss. That will be episode two.
My name is Adam Bell. The star of the show is Andrew Wright. Andrew, thanks so much for joining me. I can't wait for the next episode. Thanks, Adam. It's been a pleasure.
Thanks for listening to the Andrew Wright Property podcast. This is all about building a community of like-minded investors who can share real life stories, experiences, and collaborate with a view to helping each other.
Join us. Get in touch through the link in the show notes. I look forward to you joining me on the next episode.