Hi all,
I was just wondering if anybody has had any dealings with Destiny Financial Solutions? My wife and I are expanding our portfolio and feel that we now require a little outside help to keep on top of finances, structuring and so forth. Any comments on this company would be greatly appreciated.
Kind regards,
KPITheir name has cropped in a couple of previous posts across a variety of foumrs unfortunately mainly for the wrong reasons.
They appear to offer an overpriced finance service which is no different to any good MB.
Any broker that charges for his service on standard residential home loans needs questioning these days.
Very much Caveat Emptor.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
New Shared Equity scheme has arrived – Email us for details.Richard Taylor | Australia's leading private lender
I went to see thema few years ago now, and was told that 1 IP per year can not be done.
I proved them WAY wrong.
CATA
Asset Protection Specialist
[email protected]I am a Destiny client and have been for nearly 4 years (in Melb).
I have found Michael and Laurel Sloan (and the team) excellent. They are very obliging and always at the end of the phone; Michael has even driven to my house (over 1 hour) at times.
They charge for their services of course, but once you sign on as a client there is unlimited and expert advice forever – free of charge, and the software program for tracking your properties is the best I have seen. They have focus groups, info nights and an impressive range of property investing related associates you can use to assist your investing process. They do not charge for any of this.
They do M.B work as well, and because they specialise in property loans their advice and help is top rate.
For someone who is a beginner in the world of investing the money is well spent, as they are mentors and guides.
But as a more experienced investor I find it is great to have them as a second opinion and to organise the finance aspects of my investments. I don’t have to spend time negotiating with lenders and ignorant bank staff – they do all that and get me good rates and more importantly; the right product.
You could say they are a little more expensive than others, but you get what you pay for and then some.
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
Avoid
Hi Marc
May I ask on what basis they charge? ie is it a yearly fee, or a fee per loan or a fee for the fin plan etc?
Terryw
Discover Home Loans
[email protected]
Send an email to get my newsletter.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
There are, from memory, 3 ways they can charge you for services:-
1. One-off financial plan – approx $300.
Takes into account the current financial position of client, assets and liabilities, income etc. Very comprehensive. You get your plan and go and do your own thing from there.2. Sign on as life-time client – approx $2,000 (when I joined).
Includes financial plan as above, Destiny ‘Property Track’ Software (best on market I.M.H.O) and online tech support, focus groups, newsletters, unlimited lifetime service in financial, property investment, mentoring and advice, free offers.3. Mortgage Brokering – trailing commissions from lenders based on loan products and lenders. And I will say on this topic that they were never at any stage high-pressure to obtain this part of my business. I had loans in place when I joined them that were good and cheap but not the best for long-term investing, and changed loans after about 15 months with them.
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
Destiny Financial Services started around 20 years ago when property was cheaper and tax rates were higher for typical ozzy workers.
Their postive cash flow is so tiny these days that there’s little point in buying these zero growth properties.
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