Dymphna Boholt was in Melbourne again. This time she did two dates. in the same town. We went to the second event at Crown Casiono, which attracted an estimated 300 to 400 attendees. Grand total close to 1000 in Mel alone. All the other cities yet to come. I find Dymphna very inspiring and she captivates her audience. Again there where about 30 to 40 visitors that paid for VIP tickets at a cost of about $200 a day and probably 2/3 of the crowd where repeat visitors. The message was very clear.
Find your WHY
We bring you the HOW - NO EXCUSES
The only problem is the upfront investment of 6x $995 or 1x 4995
Her own story was very moving and so where her client stories. Mainly because for me the WHY was really resonating. She had multiple stories of people that got rich enough to be empowered to bless the poor. On the other hand the HOW was very motivating as well. Dymphna is passionate about what she does, there is no doubt. She is a woman with a mission and high integrity. She does not sell anything but knowledge. No compromise on selling property and taking cuts. She is however a very skilled marketer and very clever negotiator. And she knows tax strategies and asset protection better than any other property guru I know. The hard part is actually to pick the right VALUE ADD strategy that suits me and to get the first deal right. If that goes wrong many give up or run out of steam to do the next deal.
We met at Crown Casino and Dymphna was passionate about being anti gambling wrt the real estate game. She even thought that passive investing (waiting for the market alone to bring gains) was a form of gambling and strongly emphasized manufactured growth and value add strategies.
What did I learn that was new ? She started without much money, except for an income, but one that the banks may not have honored. And she started with Vendor finance. Vendor finance does not have to have a bad feel about it, such as predatory investment where you target a distressed divorcee or bereaved, sick or unfortunate person and give them the worst offer to maximize your gain. Squeezing a developer for a good deal sits much better for me and that is how she started. Funny story. Dymphna said her son suffers from a desease called Excusis Maximus. That stuck to my brain as well. Sounds like me.
Another good thing of Dymphna's seminar was that she told us that in the first 6 months of her career as a rocket investor, she did actually nothing than gather knowledge and deal with he had space to dare to venture out (confidence) to excel in buying time at a great cost after a very messy divorce. A former corporate high flyer she was a single Mum with one child. and pregnant. So she started an accounting practice form home so be more with her kids and then build her portfolio. No magic wand, more like blood, sweat and tears. So what was the secret of success ? No excuses, passion and endurance. A pay the price and whatever it takes attitude.
Here is a funny quote: Dymphna says "I won't sell you property and if I did then trust me you would not want to buy it from me"
The take away for me was no excuses and start getting market ready on my own and to defer spending money until I find somebody to team up with.
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