On this page you will find some of our extensive client client success stories. Please visit our client testimonials page to read our client testimonials.
Keep an eye on this page as we add additional client success stories from time-to-time!
Please feel free to read some (or all) of them, and if you have any questions please contact one of our Property Investment Advisers to be put in contact with any of these clients.
Peter and Therese Ryan were first introduced to Destiny in 2007 after hearing so many good reports. Peter works as a contractor with the advertising group Local Directories and Therese is a part-time licensed conveyancer at Fishburn Watson O'Brien in Coffs Harbour.
We moved to Coffs Harbour for a more relaxed life style after a major health concern for Peter. Consequently our employment incomes dropped significantly and we needed to rekindle our interest in property to secure our future and improve our short and medium term circumstances. We decided to contact Destiny's Virtual Branch to get started on the road to financial freedom. This was made possible by the new communications technology the Virtual branch offered to support us at a distance.
At first we were very frustrated as it seemed almost impossible to find a positive cash flow property except in areas that did not come close to meeting the 20 Questions. When we finally found a good property- we hesitated when it came to making a decision. Buying the first property a few months later was probably the hardest but best learning experience we had. Thankfully with Mark's continued encouragement and assistance, we learnt to refine our research strategies and became more confident in making the next move. Destiny has always been completely professional, impartial and ethical in all their dealings with us. Today we own our own home as well as 6 investment properties and they are all neutral or positive cash flow with good capital growth.
We are amazed at how quickly we have built up our property portfolio and look forward to acquiring our 7th property in the not too distant future. We would recommend that anybody considering property investing take on board the following tips/advice:
1. Always read and research as much as you can - ensure you cover the "20 Must Ask Questions".
2. Surround yourself with likeminded people.
3. Have a team of professional people you have full confidence in i.e. solicitor/conveyancer, accountant and financial broker - they will be there to support and guide you through the process.
4. Start investing sooner rather than later -the more time you have in the market the more "time" can weave its magic -we wish now we had started years ago.
My name is Julie Hope and with my husband Martin Bigmore, we were first introduced to the Destiny 'concept' in mid-2007. A good friend handed me one of Margaret's books - How to make your money last as long as you do and I read it from cover to cover in one sitting. Immediately I knew that Margaret's common sense and safe approach to investing in the property market was for me. At that stage we already had two investment properties in our hometown, but this was more through dumb luck than good management, and we had no future plan or exit strategy. With only Martin working, money was tight and we felt like our investment dream was quickly spiralling out of control. Our debt and the repayments were keeping me awake at night and the concept of positive cash flow was unheard of.
Upon meeting Tim and Ellie at Destiny Mawson we soon realised - you don't know what you don't know - and although it was a struggle financially, we signed up to have a financial report done. The report and the possibilities contained within it changed our life and financial future.
Challenges: Although Martin attended the focus groups and 'got educated', we sat on our hands for 18 months with the excuse that life was too busy...that was until we attended one of Margaret's seminars. Someone in the audience made a comment about not having enough time to work, raise a family and do investment property research. Martin and I felt the same way, but it was Margaret's response about how she always made time to search the internet despite raising five kids and running Destiny that motivated us into action. If she could do it, then we had no excuse. We were in our 40s, had two teenage boys and financial freedom was our goal.
It was mid-2009 and it was an invitation to participate in a Property Action Team (PAT) group that helped us take a leap of faith...buying remotely. It scared me to death, but we were able to make informed purchasing decisions by discussing the process with my fellow PAT members, crunching the numbers and setting goals. Within months we had purchased our 'first' Destiny property (Sept 2009) followed by a second two months later. In less than two years, and due to Tim and Ellie's encouragement, we are about to settle on property number seven (July 2011).
In addition to our own home we currently have two onebedroom apartments in Canberra, one two bedroom unit in Albury, NSW, one two bedroom unit in Branxton, NSW, one three bedroom house in Bridgewater, TAS, one four bedroom townhouse in Bathurst, NSW and one three bedroom house in Churchill, VIC.
Tips and advice:
- Make realistic annual goals and write them down
- Achieve those goals through monthly action steps
- Treat each purchase as a business decision
- Negotiate on everything
- Stay motivated by networking
- Surround yourself with professionals - property managers, an accountant and financial adviser - and if you are lucky, you will have your own Tim and Ellie!
Date joined: June 2007
Why we joined: As John came to near the end of his 20+ year career in the military, we started researching and reading many property investment books and magazines. We came across Margaret Lomas' books and read them from cover to cover. We did Margaret's risk profile and determined that we were in the low risk/long term category and that property would be the best fit for our financial future. We were fortunate enough to have purchased our home before the boom in the late-90s. Together with John's military 'golden handshake' we were able to capitalise on the equity in our residential property to re-invest. We became a member of Destiny Virtual Branch in 2007. We currently have 6 properties, including our residential home.
- Two three-bedroom houses in Horsham, Vic
- One three-bedroom townhouse Newcombe/Geelong, Vic
- One two-bedroom unit in Mt Druitt, NSW
- One three-bedroom house Orange, NSW.
It took us nearly 18 months to purchase our first property as we kept over analysing our decision-making process - rather than just jump in with a 'leap of faith'.
What were the key motivators?
We are both in our mid-forties, with two teenage sons, and want to retire by the time we are 55 years of age. We are of the opinion that superannuation alone is not going to see us through our retirement years. In addition, we have been observing our 'baby boomer' family members nearing their retirement age and the strategies they have or have not put in place.
Difficulties with bank valuations: Recently we applied for a loan for an investment property and our own home needed to be re-valued. From the previous valuation we had gone down by $15,000? Even after disputing the valuation and providing examples of other similar properties, the bank still went with the valuation provided by the independent valuer. We ended up not going through with the loan. Four months on, we again applied for an investment loan. In the meantime, the bank had implemented a new computer system used to credit check current and future loans. The computer rejected our credit check, until human intervention came into play. The bank then happily used our original valuation of our own home at the higher value. We often get asked "aren't you worried about losing your home?" We happily reply that we are able to sleep easy at night. We are secure in the fact that we have followed the Destiny 20 Question process for investing and have conducted due diligence in selecting the right professionals (e.g. Destiny Adviser, Accountants, Property Managers, Solicitors etc.).
How we research:
We research our properties using the skills that we have learnt from the Destiny focus groups that we have attended.
Tips and advice for Destiny clients:
I heard Margaret Lomas once state "everything is negotiable." We now live by this rule. Do your homework on selecting the right property manager who is there to look after you best interest. We often get feedback from property managers stating that we are easy to deal with tenant requests. Each request is assessed as to whether it is a "want" or a "need". Attend every property workshop to keep motivated, network and exchange ideas. If we walk away with one or two ideas, then it was all worth it!
I first made contact with Destiny's Adelaide office in 2009 after reading one of Margaret Lomas's books that was lent to me through a friend who was a Destiny client. The book's content made so much sense in its reasoning behind finding positive cash flow properties that I wanted to learn more. I work as a Project Co-ordinator for Veolia Water in Victoria.
After reading the first book and contacting the Kent Town office, which at the time was undergoing new management, I attended my first seminar with Margaret Lomas in Adelaide. This again made perfect sense in the reasoning behind buying near or positive cash flow properties. I met Chris Sedgmen the new Adelaide Branch Manager, during the same evening. Soon after I met with Chris at the Adelaide office, where Chris explained how I could fund my property portfolio and complete a financial plan. I soon after became a Destiny Client eager to learn more and invest wisely in the property market.
Our first investment property was purchased some six months after joining Destiny and attending Destiny's property education course and attending the property action team meetings on a monthly basis. I completed vast amounts of research in trying to find the "best" investment property for me and my family that would give us financial freedom in the future. Finding the areas and the properties was one thing, but actually making the next step was a massive hurdle for me, as I had always tried in my life to pay off my debts in particular my mortgage, so the thought of increasing my personal debt was alien to me. I overcame my fears in realising that my actual debt remained the same if you subtracted your assets from your debt. I now to date have three investment properties with a fourth going through.
My advice for Destiny clients is to always consider your investment properties as just that. You will never live in the property, or may indeed never visit them. Treat them as you would with say, stocks and shares - you would never visit the blue chip companies. Take all the emotion out of your investment research. When you are putting an offer forward put not one but multiple offers on many properties, that way your emotion is removed, you are not concentrating on one property. In that way, you will end up paying less and can decide which ones you wish to go through with.
I'm Graham Binder and my wife is Jan Henderson. We wanted to invest in real estate for many years, but felt we couldn't afford to as we were both raising children as single parents. When we were finally able to get together 8 years ago, we liked the idea of investing but didn't have the income as Jan was at Uni full time, working towards a doctorate in Psychology.
Once Jan was earning though, the opportunity presented itself; however we didn't have much of an idea how to go about it. One day, quite by accident, I was leafing through books at the local library when I stumbled across "The Truth about Positive Cash Flow Property." Scanning the introduction, Margaret explained how you can use debt to make money through property investing. That was the pivotal point! In those few paragraphs I understood the concept that debt wasn't something to be feared but used as a tool. I discussed it with Jan who thought investing was a great idea.
We had no plan on how to start with property investment so we paid Destiny Joondalup a visit. They drew up a detailed analysis report and we were delighted when we discovered we had enough equity in our home to start investing immediately. We were thinking of a single property but the financial report ambitiously recommended 6 in the first year! We must admit we were a bit sceptical. After attending the Destiny introductory sessions, we learnt the basics and started searching the internet for cash flow property. It was still a big step to make, but the Destiny team were there with advice and support when we needed it.
Getting our fist property was still a scary experience - a bit like stepping off a cliff. We found a little 2 bedroom home in Mildura that ticked all the boxes and in August 2009 we were on the first rung of the ladder. That was the hardest purchase.
In the next 12 months we purchased another unit in Sydney, a house in Kempsey and 2 townhouses in the Logan Shire, Brisbane.
Our latest project is building a home in Mandurah which will keep us busy for the next 6 months or so. Although we are confident this will be a valuable addition to our portfolio, it was a surprise how much effort and chasing about is required just to get the first brick laid. What we hadn't realised was that it has soaked up our equity, preventing us from getting any more property until it's completed. It's frustrating not being able to take advantage of the current buyers market.
We are delighted with the progress we've made in the past year and can't wait to get moving again. We have 3 pieces of advice:
1. Watch Margaret's TV property shows each Sunday on Sky Business Channel. They are excellent and a gold mine of current information.
2. Make sure you use her '20 Must Ask Questions' to sort the wheat from the chaff.
3. Don't get fixated on a property and always stick to your budget. Remember 'the deal of a lifetime comes around every week'.
My wife and I have been travelling around the world for some years, and as a result we did not have much in the way of pension funds. We needed to do something for our retirement and one of the things we thought of was property. After going to various dodgy investment seminars, with the odd property investment shark, my wife happened to read Margaret's Twenty Must-Ask Questions book and really liked it. We then visited a Melbourne Destiny branch where we met Louise and her team. From that first meeting we were both very impressed by the people we met and what they had to say about investing in property.
Through being Destiny clients, with all their mentoring, support and coaxing, we have been buying wisely in a fairly short space of time. We own five good investment properties and three months ago we paid off our home loan. If I was told we could achieve this two years ago I would not have believed it - but we did!
We would both highly recommend Louise Lucas and the team at Destiny to any one keen to succeed in life, love and property. Thanks Destiny, keep up the great work!