Forums / Property Investing / General Property / Anyone heard of this company called NexPlan

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  • Profile photo of Cherry ProCherry Pro
    Participant
    @cherry-pro
    Join Date: 2007
    Post Count: 22

    Hi – you guys on the Forum seem to know everything and everyone – financial that is.

    Has anyone heard of this company who operate out of North Sydney ? Doug Pestano is one of their senior advisers.

    [blink]Any good stories out there about them ?

    Thanks

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    What are they Financial planner / mortgage brokers want to tell us more ?

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    Looking for life cover – We Guarantee to beat any quote you have in writing.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Cherry ProCherry Pro
    Participant
    @cherry-pro
    Join Date: 2007
    Post Count: 22

    Yes Richard, they claim to be financial planners with a twist towards property investment.

    They are based in Sydney

    http://www.nexplan.com.au

    I was just wondering if they have any credentials out in the market.

    Thanks.

    Profile photo of monzomonzo
    Member
    @monzo
    Join Date: 2007
    Post Count: 1

    This is the same Doug Pestano that was running an unlicensed cold calling stock brokerage that was busted by ASIC in 2003. see following link.

    http://www.sec-com.govt.nz/new/releases/2003/250603_2.shtml

    Profile photo of Alex_LLAlex_LL
    Participant
    @alex_ll
    Join Date: 2008
    Post Count: 1

    Hi Cherry Pro. Yes I've heard of Nexplan.
    My wife and I have been most pleased with their services. I would definately recommend them to others. As for this Doug Pestano, as far as I know he no longer works for/with Nexplan.
    Hope that helps, Alex

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Just for the record.

    Someone phoned me this afternoon calling himself Doug Pestano.

    He threatened me that unless i write a complete retraction of his company he would look to commence legal action next week for defamation.

    After asking me how much money i had and was i prepared to loose it all in a Court case i hang up on this individual.

    Must admit if thats the way the conduct themselves i would be steering well clear.

    Interesting to note he obviously nows very little about me or has read any of my 3000+ posts or he would have some idea.  

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of bardonbardon
    Participant
    @bardon
    Join Date: 2004
    Post Count: 557
    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Exactly Bardon.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of gmh454gmh454
    Member
    @gmh454
    Join Date: 2003
    Post Count: 537

    Thanks for that Alex and welcome to the Board, ….do you have any idea who is holding Dougs benifcial interests….

    Profile photo of DanielrDanielr
    Participant
    @danielbrisbane
    Join Date: 2016
    Post Count: 1

    Douglas Pestano has now changed his name to Troy Douglas

    Profile photo of blarneyblarney
    Participant
    @blarney
    Join Date: 2018
    Post Count: 1

    Hi

    • This reply was modified 1 year, 3 months ago by Profile photo of blarney blarney.
    Profile photo of bali2000bali2000
    Participant
    @mali2000
    Join Date: 2019
    Post Count: 1

    I’ve heard this man has done the dodgy a few times and seeing that he has since changed his name to Troy, obviously to hide his past, I’m just wondering if anyone has since heard of him? Does anyone know what’s become of him? I have reason to believe he is still kicking around in the Sydney property development market and scamming people.

    Profile photo of Jacquie WJacquie W
    Participant
    @jacquiewong
    Join Date: 2018
    Post Count: 0

    Hi Fellow Investors,
    I am seeking some assistance to locate a Troy Douglas (nee Doug Pestano), for an investment I made of 2x $70k cash ($140k total) into 2x Projects – one was in Turramurra and the second was at 717-727 Canterbury Rd, Belmore. He has a brother in Perth, also in finance, called Jason Pestano. He too has not contacted me about how to get hold of his brother.

    I was offered two properties (one in Turrumarra and one in Belmore) at the valuation figure of the date I signed up with the intent that it would attain capital growth over the period it took for development approvals & construction to occur.

    In the Turrumarra development I was told that there were no properties available for me to purchase & yet the other people I referred to him all received theirs. All I got back was the amount I invested into it and a bit of interest over a 5 year period. At the time I was going through a separation & was emotionally unable to deal with this matter. So just took the money from that, at least I go this back

    However, I have been trying to track down Troy Douglas to find out what is happening about the development at 717-727 Canterbury Road, Belmore. I notice that there is a hole in the ground and what looks to be some semblance of construction. He had a business partner called Andrew Hrsto who was also involved in Turrumurra & by the looks of it Andrew is again involved in Belmore through Aland Development, but again can’t get hold of him either!

    Unfortunately Troy Douglas has cancelled his mobile phone number and I have tried to contact him on numerous occasions through his lawyer – Dennis Bluth from HWL Ebsworth but to date have not received any contact back from any of them.

    I know, I can hear you all saying I am all too gullible although I know I am not the only one he has conned. Again, I just don’t know how to contact these other people. However, I do notice him living it up on his Instagram profile- https://www.instagram.com/troydouglas86/

    I would appreciate any comments or Feedback from anyone who knows where I can contact Troy Douglas. Or even possibly get together for some sort of Class action against him. Any help with this would be greatly appreciated, no matter how small it may seem.

    Thanking you all in anticipation and for even bothering to read my Post :-)

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