Speaker: Jaye & Adrian P., Corporate Professionals & Parents, New South Wales — 🏡 2 properties secured
Please tell us who you are and what you do.
Jaye & Adrian P.: My husband and I live in Sydney and we have two young kids, and for many years we've been thinking about doing some property investments. We were time poor and never got a chance to look into it ourselves, and we felt that we didn't have the expertise to do it on our own. We recently engaged Access Wealth and we were quite lucky that they were able to guide us through a very seamless process to get to what we wanted. They provided market insight, listened to our concerns. They ask a lot of questions to make sure that the properties that they put in front of you for some decision making is the right property for you, and the team seems to be quite friendly. They always do a follow up to make sure if you have any concerns they can address it on the next day. We have had quite a positive experience with them, and if you are looking into property investments, and need some guidance to get to the next step. I highly recommend these guys, they are definitely trusted advisors, they know what they're doing, and they will set you up for success.
Before working with Access Wealth, how would you describe your overall financial situation at the time?
Jaye & Adrian P.: Financially we've been in a comfortable position. However, we wanted to set something up for our retirement, as well as be able to help our kids when they're older and they want to get into the property market. The other driving factor for us was also to be able to lower our taxes.
At that stage, what challenges were getting in the way of you actually making financial progress?
Jaye & Adrian P.: Some of the challenges we've had to date, other than the fact that we've been quite time poor, is not having that market insights to know exactly where to buy properties. And we've previously purchased an investment home. And over a few years we decided to sell that property because we felt that it wasn't the right property for us. It wasn't performing as well as we wanted it to, and the suburb that we purchased it in was fantastic for a property if we wanted to move into it ourselves, but in hindsight we realised that it wasn't the right investment property for us. So having that experience once, we didn't want to make another wrong decision. So it was really a matter of finding the right people who understand the market and do this day in and day out to be able to provide some guidance to us, to be able to make the right decisions, as well as helping us have that long term plan and the goals to get us to the financial stability that we wanted to get to by the time we retire.
Before speaking with Access Wealth, what concerns or doubts did you have about property investing?
Jaye & Adrian P.: I think if I have to summarise my concerns would be going back to what I said before, it would be lack of sufficient time, lack of sufficient property knowledge in terms of what suburbs to invest in, where it will provide us with a good rental yield as well as good capital gain long term. And also, the fact that we had to source individuals to get us through that legal phase of property acquisition, it would have taken a lot of our time, and we just genuinely don't have the time for it, so Access Wealth provides a seamless end to end process, which makes it quite easy for us, so it has definitely been a benefit for us.
Did you have any hesitations or concerns about working with Access Wealth before starting?
Jaye & Adrian P.: We looked into Access Wealth and read a lot of the positive reviews online, and so that put us at comfort that they were the right business for us. I think the other major one for us was the fact that they only invest in properties. There are a lot of financial planners, wealth planners out there that do a combination of properties, shares, or other various investments, and our preference has always been to invest in properties, so finding a business where they purely just do investments in properties was actually quite comforting for us, and we did not have any concerns reaching out to them and discussing what we wanted to achieve. Obviously they took us through a process that provided a lot of information. There were a lot of facts and stats that were provided to verify what they were saying to us, and I guess based on all our discussions and the facts presented, we were quite comfortable to go ahead with our investments.
If anything was holding you back at first, what made you decide to move forward with Access Wealth?
Jaye & Adrian P.: We didn't really have any hesitations as such but it was a process of fact finding. A lot of the facts were supported with the data that was presented to us, which put us at ease to make our decisions.
What was your experience like working with your strategist and the team throughout the property journey?
Jaye & Adrian P.: We dealt with John and he's been fantastic. He listened to our concerns, thoroughly listened to our questions before he actually provided any answers. In terms of a long-term plan, he made sure that it was exactly what we wanted to achieve. And also he set us up with the right people to talk to in terms of even looking into investing from a super fund as well as having an accountant on the side to look at some of the other activities that we wanted to look into. He's arranged a solicitor for us, so he's basically been a one man shop. He's organised multiple things for us and he's done a fantastic job, so we've been thoroughly happy with him.
Since working with Access Wealth, what progress have you seen?
Jaye & Adrian P.: Since working with Access Wealth, what we have been able to achieve, other than the fact that we're already purchasing a few properties with them, is that we now have a clear plan. We know what our long-term plan looks like. We even can see how much cash flow we're going to have in 20 years from now and what our assets will be looking like in 20 years from now, so it is fantastic to be able to see that far ahead. And also we've managed to invest a portion of our super fund, which is something that we've always wanted to do, so it is fantastic to be able to invest in some properties and funded through our super fund. Because it is practically not costing us anything through a super fund, and we're not even out of pocket for those investments, so it has been fantastic to be able to achieve all of this, the long term plan, as well as the properties that we are investing in.
How would you describe your confidence now compared to before you started working with Access Wealth?
Jaye & Adrian P.: In terms of the confidence that we have is basically we know that we've made the right decision and we can already see what our long term plan looks like and what the numbers are going to look like, so the clarity is definitely there in comparison to prior to starting with Access Wealth, where we wanted to do something but we didn't really know what to do and we didn't know what our future looked like. All we knew was we're in a comfortable position financially right now and we will continue to work and when we do retire, hopefully we'll continue to build on our assets. And if a day comes that we need to downsize, then we just have to downsize and that will be the life that we have to choose for ourselves, whereas now we can see that it's not a matter of, guessing what the future will look like, we actually have a clear vision and we know what exactly we're going to be achieving.
What would you say to someone sitting on the fence about property investing with Access Wealth?
Jaye & Adrian P.: What I would say is if you're serious about investing in properties, these guys are genuinely very good in what they do. These guys provide a lifetime membership where you can have access to a variety of information as well as advisors, so I would suggest that maybe consider joining them, at least for the time being, to be able to get the information, the right level of information that you need. And when you're ready, you know they're just one phone call away and you can have the discussions that you need to be able to progress to the next steps.
