Margaret Lomas’ Destiny Group

Hi Marq001,

I'd start by dropping a couple bucks on her books. Better to see what she says in print first, sort of try before you buy. ML is also a host of Your money your call on Foxtel and talks about property and property investing.

I would investigate all options of 'groups' you can join before putting your money in. There are plenty out there. Metropole, Destiny, Results, Carly Crutchfield.

Just be sure that the course or buyers agent as some of these groups are suits you and your investing.

Good luck, let us know how you get on.

D

Hi marq001

Yeah Margaret walks the walk and talks the talk. Her book – "20 must ask questions" is the bible when it comes to finding the right place to invest.
One thing to mention is that if you dont have foxtel you can purchase episodes of her show "Property Success" from her website for a small fee. In each episode she does a town spotlight on areas she believes are going to see good growth. some great info in there.

One other group that may be worth looking into is the Active Property Network. This group can be found in most states and it is generally more a group of people who are interested in getting together with like minded people rather than people looking for mentoring. At each meeting there will be a few quest speakers of property experts from around the country.There is normally a small fee of $20-30 per meeting to cover the cost of the hall and refreshments. Well worth a look.

I frequently go to the Perth APN meetings and I look forward to them every month. What state are you in?

Corie

Having read many of her books and as a regular watcher of her shows I can honestly say Margaret Lomas is an absolute legend and in my opinion by far the best and most credible property commentator out there. The only slightly negative thing I would say is that her philosophy on property investing is such that she doesn’t really write or comment enough on properties/areas within 10-15km of the major CBD’s often enough. Which is a shame although understandable when you read her books etc.

Completely agree. Margaret absolutely walks the talk and is a bonafide guru.

Have read almost all her books and found them to be the most down-to-earth, comprehensive and balanced of the many others I have read.

After reading everything I could get my hands-on, I became a Destiny customer 3 years ago. Cost us a few thousand for a lifetime platinum membership and has given us the fantastic start we were looking for. We went from zero properties to currently holding 5 (4xIP + 1xPPOR). Currently ramping up to buy 1 more again before the end of the year. The plan has us buying 3 more next year and 2 in 2013.

If you are looking for a tried and true method for financial freedom with property investing, the Destiny strategy will deliver. It isn't the most exciting, high- risk or dynamic road to untold riches. It is just a boring method that works. So if you are a conservative or risk-averse investor that still wants financial freedom, I reckon you are a good fit. If you are high-risk, super-dynamic and want to do development or rennovations, Destiny is NOT for you. It is definately straight buy and hold. That said, I have found myself wanting to do developments recently. I think this comes from becoming comfortable with all the basics of property investing. So naturally I am curious about the fun I can have in adjacent investment spaces.

Could you do it without paying Destiny money for mentoring etc? Yes, absolutely. It just depends on how much time you have to piece together the knowledge from other information sources. If you have access to a great mentor that walks the talk or a good independent investors group, this could put you in a great starting position.

Completely agree, I find her books the most easy to follow and realistic. No out-there tricks, just a basic strategy which I feel continue to apply regardless of market conditions.