Any clients of Destiny financial solutions or Margaret lomas? Need your feedback

I have not had much experience, but will say I saw her speak a few years ago and it stopped me from buying another bad investment property.

 

She's honest and intelligent and the info and approach given is helpful.

 

I agree there is a lot of infomation in her books that is worth reading and taking notes. I can't remember which book of hers it was that speaks alot about growth drivers which I found useful.

What suited me was employing part of her DD approach but slightly tweaking the areas she generally gravitates towards and choosing other areas that suited my strategy.

 

Her talks on the Sky News property show was pretty good too.

 

Her latest book is a combination of 3 of her earlier books put together and discusses growth drivers amongst other topics.

 

The truth about positive cashflow property, very simple explanations with real examples. Brilliant book.
The 20 must ask questions for every property investor, this is what your course will teach you. Brilliant book.
How to create an income for life.

My 3 favourites of her books.

 

I had a meeting with them in Melbourne many years ago. Everything seemed to be going well and then.... It was going to cost $3,000 to join. I thought, what the...I gotta pay YOU to give YOU my business?? Alarm bells rang and off I went.

 

Just went to buy this on Amazon... There's a few sellers that have it but all the hardbacks are $300+?!! Kindle version is $9...



Thankfully Booktopia have it for a more reasonable $40. Or hopefully Vinnies have it for $2 somewhere

 

Its a good book..but not that good.

$39.95 from QBD online
How to Achieve Property Success - QBD The Bookshop

 

I've picked a few of her books up cheaply on Ebay in the past.

 

What the hell? Are they hand numbered and signed limited 1st editions or something?

 

local library

 

That's a good option.
I've found quite a few RE books at the library, good for the ones you're probably not going to read again.

 

I am a former client of Destiny Financial Solutions and spent thousands of dollars doing the course and purchased property that fit the strategy and i can tell you this does not work. I joined them back in 2010 and purchased a property in Ipswich QLD, 6 years passed and i ended up selling the property for less than i paid for it. Don't get my wrong she's not a crook and she firmly believe in what she does, but it just dosen't work. There are far better mentors out there.

 

Lawrence why did you buy in ipswitch? Destiny doesn't tell you where to buy, but only mentions what areas other clients are buying in. In 2010 you could have bought in any capital city for probably the same price you paid in ipswitch.

 

What sort of advice are destiny licenced to give?

 

I purchased in Ipswich as it was one of the preferred options at the time and it made sense from the information learn't during the course. Others were investing in places like Orange or Elizabeth in SA. I could not have purchased in any capital city for $300,000 for a 4 bed house. I could have purchased a unit yes, but not a house at that price.

 

Do you mean you couldn't purchase a 4 bedroom "cashflow property" in any capital city?
There were many 4 bedrooms homes in Melbourne around 20-30km out from cbd for 300k and under in 2010. I'm sure Brisbane had them too.

 

Yes I agree once you purchase a quality asset you want to hold on to for as long as possible. But how long do you hold on for with a dud investment. This property cost me money in repairs and made no money in 6 years.