All Topics / Help Needed! / Financial Planning

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jeremyjyskjeremyjysk
    Member
    @jeremyjysk
    Join Date: 2006
    Post Count: 15
    July 25, 2006 - 2:44 pm

    Hi everyone,

    How much value do you guys see in using a property-investing financial adviser/planner (eg Destiny Financials etc)?

    Any feedback would be appreciated.

    Jeremy

    Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    July 25, 2006 - 6:55 pm

    I went to the one in Clayfielf (Brisbane) a few years ago and was told that one IP per year is unrealistic.

    Have not been back.

    CATA
    Asset Protection Specialist
    [email protected]

    Profile photo of DDDD
    Member
    @dd
    Join Date: 2004
    Post Count: 508
    August 1, 2006 - 1:35 pm

    Cata, its a shame that o many so called professionals give biased (or who pays the paycheck) kind of advice to starters interested in investing. Sadly too many get discouraged from their first experience and their hopes dwindle as the mounting frowns from those they approach weigh them down.

    Nice to see you saw yourself past the guff and moved on to greener pastures.

    We once had a bank manager frown at us wanting to release $210k equity from several properties to buy more. He, needless to say, missed out on the reschuffle, as well as the 6 new IP’s we bought in that hit.

    We ended up in getting bank B to release the funds and lender R to take on the new 6.

    Keep smiling and happy hunting to all.

    DD

    Buyers Agent (Dip Financial Services(FP)
    Don’t sweat the small stuff,and it’s all small stuff!!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 6, 2006 - 2:06 am

    You have to be very careful with FPs, they can hinder your wealth creation.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    August 6, 2006 - 7:01 pm

    I can’t agree more Terry.
    The few times I have spoken to a FP, I have shown them a thing or two.

    CATA
    Asset Protection Specialist
    [email protected]

    Profile photo of tonyy21692tonyy21692
    Member
    @tonyy21692
    Join Date: 2003
    Post Count: 128
    August 7, 2006 - 12:29 am

    Hi Jeremey

    From memory the franchisor of Destiny is Margaret Lomas. And it is my understanding the franchise model is a that of a mentoring role wrapped around property as the vehicle to financal freedom.

    What I do know is some people can do it on their own to start with and some need a guiding hand to kick start things. Over time they either continue with the relationship or at some stage (once they feel confident enough) they let go and strike out on their own.

    Depending on where you are at (financial experience wise) it could be worth your time and then you can make an informed decision.

    Good luck

    Regards
    Tony

Viewing 6 posts - 1 through 6 (of 6 total)

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