Thank you Family Man for coming out and sharing your experience. I’d also like to add my experience as well with Daimien Patterson and Integrity Property Investment Mentor (http://www.propertyinvestmentmentor.com.au/).

I wish I never met the man. It’s been a financial disaster. I’m not going to speak to Daimien Patterson’s ‘integrity’ as I don’t want to get sued so I’m going to stick to facts. This should be enough for readers to make an informed decision on if they want to deal with him. Upon meetings with Daimien Patterson, I was talked out of purchasing a property in a major capital city because they produce a negative cash flow and would impact my standard of living. Mining towns are great, according to Daimien Patterson, because they have positive cash flow.

So in 2011, I purchased a 3BR strata titled house and land in a mining town with Integrity Property Investment for $390,000. There were build issues and construction did not complete until 2014. Owners heard a bit from Daimien Patterson in 2012 assuring that:

“Fortunately we did get the location right and you have made significant capital growth which more than compensates for any holding costs on the land. The rent return is also expected to be far higher than initial expectations.” (Email dated 3-Sep-2012).

Soon the communication dwindled and the emails and communication stopped coming.

Today’s value on realestate.com.au is $149,000 for a similar property.

Today’s property rents are $200-$300 per week for a similar property.

It has been, and continues to be, a very costly lesson that I should have never accepted financial ‘advice’ from this sales person.

• This reply was modified 9 years, 2 months ago by  Kensington T. Reason: Edited URL for image to display correctly
• This reply was modified 9 years, 2 months ago by  Kensington T.