I love the idea that the internet is more democratic than any other media. Hence I have configured my comment section to grant automatic approval and it works well so far. This blog is not moderated and so far I am very pleased with the contributions. Being a blog owner carries the risk of getting compelled to censor comments. I am glad that the contributions received so far where fair minded and that the contributors did exercise sufficient restraint. For another website of mine I had to take down my own content contributions to circumnavigate legal action. We are equally indebted to the gurus and their critics. So far my favorite Gurus are Dymphna Boholt and Bob Anderson. They do mainstream stuff that 80 % of us can and should do. Doing vendor finance or options is a micro niche and probably will not work for 80% of the population. It also requires a lot of persuasion and the ability to take big cuts when opportunity arises to make up for all the time spent capturing one.
Stuart Zadel of TGR (think and grow rich) is a mesmerizing, engaging and likeable presenter. As a captivating speaker and connects with his audience and puzzles them, there is a bit of magic that reminds me of Derren Brown. Except that Brown lets the audience in on the tricks of the trade. So Zadel has the edge over his competitor Knowledgesource. And that has a downside. You may buy and regret. Hence Knowledge Source's is the better alternative. John Giann is actually not appearing on stage at all, but he offers a 30 day money back guarantee and Zadel does not. Its nice to get free books, but I have paid big time. Not everybody Zadel has on stage delivers good value for money. I got stuck with Matt and Amanda Clarksons ebay magic course which in my opinion is not good value for money. I found out too late that they have attracted very severe and widespread criticism online. And we are not even allowed to resell on ebay and those who try do not seem to get very far. Having said this there is great info available in all the seminars, but you will need to keep your emotions in check. My advise is don't buy on the spot. Do your due diligence and then buy in your own sweet time over the phone or at the next seminar. I have noticed one more thing and that is that some wealth gurus have a following and their disciples have a certain glow on them. So did I answer the question ? They all are valuable if you can check in your emotions and keep your natural disposition for greed under control. You will need to learn to dream slow and steady and train very persistently to make it to the top of any mountain. As Einstein said Genius is 1% talent and 99% percent hard work.. Or in Edisons words Genius is 1 % inspiration and 99% perspiration. Keep that in mind, because for the vast majority of people this is like natural law. Exceptions confirm the rule.
We have taken up Matt and Amanda Clarksons ebay magic course, but where disappointed with its content and noticed there are people who struggle to re-sell the course at rock bottom pricing. We don't think its a scam or that they do anything illegal. It's interesting that there are a lot of biddingbuzz scam articles on the internet, some even written by Matt and Amanda Clarkson. So if you drill down a bit on Google you will get all the info. If you go to wealth seminars then there is a good chance that you feel very inclined to buy. They claim that they turn over 50 000 per month and that they will teach us to to become time rich and cash rich, but I have not seen proof yet. All the ebay shops that I was able to trace back to Matt and Amanda Clarkson did not match their claims. They say that they run two undisclosed ebay shops that bring in the money as claimed, but I can't be given proof. Some openly doubt their claims. Can anybody help me substantiating them ?
If you are like me you will like to go to a free wealth seminar. I learned a lot there for free and the seminars make your head buzz, but then I would google for scam and look for ways to save money or sign up in a group. I did check on ebay if the manuals and DVD's can be obtained much cheaper and the answer is yes. Some gurus prohibit online resale however. People are willing to part with wealth course material in the $50 to $600 price bracket. On Google its smart to scroll down a few pages. I am aware that contributions to scam websites have been written either by proponents or critics.
Introduction to Search examples / Disclaimer
Before I show an example, let me state that I have not signed up for a paid Seminar with Mark Rolton or Massland and I don't suggest that he runs a scam. As a matter of fact it is perfectly legal what he does and he is one of the most googled presenters in Australia. I could just as well have googled for Dymphna Boholt who I esteem to be very competent and high up in the value chain of on stage presenters (marketeers), but I did ultimately not buy her seminar and opted for the refund (PS: just added in 2016 - she has copped a lot of flack, but I still regard her free seminars as competent and very inspiring).
Seminar costs above $ 5000 are quite commonly charged by popular stage presenters. Money back guarantees are not uncommon, but depend on the promotional company as well. The onus to judge what is value for money and suitable to the investors aptitude and personality traits depends on the investor himself. Also the research for cheaper alternatives rests with the investor as well. I have spend a considerable amount of time to search for both positives and negatives and succeeded in both areas. So here are my search results in order, showing the top positions. Search pos #5 is interesting in that it is quite common for companies to create high ranking websites containing the word scam in context with their own brand to combat well ranking negative sites. Bloggers should not do that to stay clear of defamation issues.
Top 5 Google search results for Mark Rolton Scam (2011)
Update 21 Nov 2016 - Dymphna Boholt added
Search ResultsDYMPHNA BOHOLT FINED FOR BOGUS CLAIMS - Real Estate Newshttps://jenman.com.au/dymphna-boholt-fined-for-bogus-claims/
Sunshine Coast-based property spruiker Dymphna Boholt has been handed a $15,000 penalty and an enforceable undertaking “not to engage in conduct that is liable to mislead the public or any individual within Australian in contravention of Australian Consumer Law (Queensland)”.Dymphna Boholt Review - Legitimate Investor Or Scam? - On Propertyonproperty.com.au/dymhna-boholt-review/
Mar 14, 2014 - In this Dymphna Boholt review I will cover who she is, how she became successful and whether she has the goods to teach you how replicate ...Dymphna Boholt Scam? - YouTube▶ 6:06
May 24, 2010 - Uploaded by knowledgesource
Dymphna Boholt's students speak out on what they really think of her education.Knowledge Source - Scammers; Jon Giann and Dymphna Boholt ...www.complaintsboard.com/complaints/knowledge-source-victoria-c383233.html
Consumer complaints and reviews about Knowledge Source in Victoria. Scammers; Jon Giann and Dymphna Boholt. Online Scams.Dymphna Boholt gives undertakings after caught in examinations by ...www.propertyobserver.com.au/.../44531-dymphna-boholt-gives-undertakings-in-reg...
Jul 29, 2015 - NSW Fair Trading Commissioner Rod Stowe is warning promoters of property investment schemes to operate legally or face sanctions.Property Seminars - Finance - Whirlpoolforums.whirlpool.net.au › Finance
Oct 25, 2013 - 37 posts - 28 authors
Not sure if Dymphna Boholt, Rowan Burn, Mark Rolton, Steve McKnight ..... Lol sounds like spruikers making money from people they scam into ...Dymphna Boholt | PropertyChathttps://www.propertychat.com.au › ... › General Property Chat
Jan 28, 2016 - 16 posts - 14 authors
I went to a 1 day seminar today to see Dymphna in Sydney. I have been receiving emails from her "I Love Real estate "and "Knowledge Source" ...Is Dymphna Boholt a scam? - No! - Real Estate Investorwww.reinvestor.com.au/dymphna/is-dymphna-boholt-a-scam-no/
Jul 30, 2014 - When typing in Dymphna's name I was surprised and concerned to see 'Dymphna Boholt Scam' in the Google auto type ahead. I did a bit of ...Dymphna Boholt | Somersofthttps://www.somersoft.com › ... › Property Investment - Other
Sep 2, 2012 - 20 posts - 16 authors
I attended one of her seminars today, and although it didnt really offer me anything I didn't already know (or at least know what I need to do in ...
Is Bob Andersen's Property Mastermind course for the first time ...
14 Mar 2013
US foreclosures - Boholt Seminars - NO
28 Oct 2010
Bob Anderson, Billion Dollar Developers Coaching Program ...
20 Oct 2010
Free Dymphna Boholt:: anyone going?
25 Mar 2009
More results from www.somersoft.comSpruiker Warning: How to spot a property scam… - I Love Real Estateiloverealestate.tv/spruiker-warning-how-to-spot-a-property-scam/
May 25, 2016 - May 25, 2016 by Dymphna. scam- ... Combined, these two make up nothing less than a scam. ... What I offer is the Dymphna Boholt framework.Dymphna Boholt - Australian Property Investor Blog - Real Estate ...www.realestate-investment-australia.com/investortalk/category/dymphna%20boholt
Oct 2, 2013 - See https://www.facebook.com/dymphna.boholt?fref=ts .... Searching for Dymphna Boholt Scam yielded a recent article from Crikey but it is a bit ...Reputation of Realestate Guru and property Millionaire Dymphna Boholtwww.realestate-investment-australia.com/.../reputation-of-realestate-guru-and-propert...
Mar 4, 2012 - Searching for Dymphna Boholt Scam yielded a recent article from Crikey but it is a bit thin on facts. Youtubes Dymphna Boholt Scam is not ...the-spruikers-are-at-it-again-warn-your-friends-and-family - BFCSA Blogwww.bfcsa.com.au/index.../the-spruikers-are-at-it-again-warn-your-friends-and-famil...
Rating: 3 - 4 reviews
Dec 19, 2013 - Ms Boholt has compiled a lengthy email with lots of graphs and some filmed ... Denise have you heard of this Dymphna Boholt before?Dymphna Boholt: Homewww.dymphnaboholt.com/
Welcome to DymphnaBoholt.com Author and real estate and wealth creation mentor, and asset protection specialist.
In Vendor finance its hard to sort the players with extravagant claims from the fair value guys. Neil Jenman calls some of the seminar gurus spruikers.
Some VF gurus show testimonies of excessive results. If the profits on a deal are 4 times more than a real estate agent would get then I am concerned about 2 things:
(1) Do they use atypical figures and hype to sell seminars
(2) Do they groom students to be greedy and rip others off
I am a blogger and have done a few reviews on wealth seminars and their gurus. I am not a player in creative strategies or a seller, except for promoting investar memberships. I am concerned about hype in seminars and what I would call hypnotic sales tactics. I feel we have made a mistake by buying the ebay magic course sold by Matt and Amanda Clarkson on Stuart Zadel's free wealth promotion seminars. Talk about emotional buying. Go home and do your research first. They say you will miss out on the deal, but I recon that's just another trick. Zadel is a very captivating speaker and performs some sort of magic stage show. We all like success stories and feel that we can make it as well. But it all has a price and not everybody can be on top of the ladder. His guests include hot selling property gurus as well. Stay rational analyse the figures and watch out for figments of the imagination. The dream is the real product that is sold. Confidence is good when it is paired with skills that bring results.
Dymphna is doing the rounds again in Australia's Capital Cities. I would have loved to go back again, but am a bit time poor right now Thank you to all the people that have engaged in discussions. Let me assure you that Dymphna offers real value for money and that is not the case for all of the circuit riders that Jenman rightly classifies as spruikers. There is nothing to loose. Take the course 30 days and judge if the material is right for you. If you can't afford to pay split the costs with somebody and learn together. You have then learned if it is worth it for you to take the program and get access to the forum or run it alone. My reason for quitting is given below. Furthermore I am 63 now which means it is a bit late to expand and it also means that preferably I need short term cash flow strategies without bank loans. Mu advise: Go for it while you are younger and do it one way or the other.
The guarantee is genuine. I have tested it and the only reason for me to take the refund is that I did not want to go it alone and could not persuade a partner to join because the partner preferred to sign up for Renovations with Cherie Barber. There is one thing I must say. I am extremely impressed with the quality of Dymphna's online material and life support in regular webinars. And I realized that her following is substantial and many do work the course and make it work. RECOMMENDED. If money is an issue find somebody and do it together.
I have had the privilege to attend Dymphna's Free Seminars and do highly recommend them. Check out this excerpt from her latest newsletters below or register at http://iloverealestate.tv/training or CLICK MORE BELOW ! ! !
I met an investor on the weekend who is cashflow positive and gets his Tenants from Community Housing orgs, such as Housing-Choices-Australia and the DHS . I don't know what he charges, but I presume undesirable tenants means premium pricing at above market rates. More ethical would be compassionate rates ? But not to rent to the less fortunate is certainly not more ethical than to rent to them at premium rates. You may have additional complexities, such as legal issues, evictions, maybe you won't find a real estate agent to be your rental manager. And if you register as a boarding house you may have to fulfill heaps of requirements, such as fire, handicapped etc. In short - its not my cup of tea.
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.
In August / September there will be a lot of seminars in Melbourne. Dymphna is back in town, Dr House a student of Rick Otton, A Property Forum and more.
The easiest way to stay up to date with our posts is to like Melbourne Property Investors on facebook.
SMSF Property Investment in Australia
Was it right for me ?
Update 24 June 2017 that is 5 years laters
Looking back 5 years later after many lessons learned in the school of hard knocks, the answer would have been a firm yes if I had been more wise and courageous and stayed away from syndicated property development. In hindsight this has proofed far to risky. As I understand it SMSF's do not allow direct entrepreneural activity or limit it severely and syndicated property development can be more risky than investments in shares due to a lack of stop loss safety provisions.
I would have been better off to buy an investment property outside of an SMSF and pay my taxes or buy it within, rent it out and then sell it (even if it is to myself).
The problem with SMSF property ownership is that we can't hold title and/or conduct development activities or renovations and that.
If you are looking for general info about administrative requirements, regulations and limitations for SMSF investments and whether or not a low fee SMSF is the right vehicle for you to hold a property, then esuperfund is good starting point. It provides plenty of free information. Self managed super funds or SMSF's are characterized by complex compliance requirements and much higher management costs than normal Super funds, but provide a means to hold title in a property. Owning property is a safe way to look after old age, as the money is visible in bricks and mortar right in front of your eyes. And that it makes it much safer.
PS This is just my opinion. it's for free cause it's not financial advise. I'm neither professionally qualified, nor licensed and I don't provide any financial services. I just gave it a crack. I've lost money, lodged with ASIC (failed), lodged with FOS (success) . If this sparks interest I'll post more later.
What could possibly go wrong ?
You may have seen the signs or ads "We buy houses" or "We buy houses fast".
You may have seen ads by Rick Otton or heard of Dr Gordun Ku, Dr House or the "Siacci System" and gone to a seminar. Now what ?
A good start is always at Wiki http://en.wikipedia.org/wiki/Vendor_finance
followed by a Google search
and then take a look at the Gurus and decide if it is for you and if you want to buy a Mercedes or a Getz. Picking a student of a Guru may be all you need ever or just initially. Maybe David Siacci of Melbourne, Victoria, Australia and his program is the right starting point for you. Learn from active investors, check out www.siaccimentoring.com or facebook 'Siacci Julie-David' and Vendor Finance Association, which meets quarterly, first meeting is free. www.vendorfinance.asn.au
When you go to a free property millionaires seminar you are sold a dream and a hope. The dream is to make heaps of money. More than now and in less time. And the hope is anybody can do it and that includes you. So sign up and off you go. There is no screening of whether you are suitable for what you are about to embark on or if the program offered is right for you and the time is right. The pressure is on "sign up now or miss out on the opportunity". Can you afford the missed opportunity costs ? That anybody hungry for success, of average intelligence, young enough and willing to give whatever it takes will succeed in the property millionaires club can be taken as proven by the many average people from all walks of life. And this criteria will probably filter out 95 % of the free seminar attendees (its the principle of normal distribution acc to Gauss) and that is exactly why not everybody will succeed and become a millionaire.
But if you are happy with your own definition of success and have a long enough investment period ahead of you and are part of the 95 % then you will succeed in your own right. You buy a cheaper course in the end, but even if you don't you will win and make good the $5000 expenses many fold.
Dymphna's active clients do recommend her programs, but I presume that your point is why can't I find them in the forums ?
Most meet face to face and don't join public forums, cause they network inside the group and in insider forums.
I met her students at third party events as well as her own events. She had about 75 students in the VIP lounge last time I attended, which was 6 weeks ago. Having said that normal distribution suggests that the majority of seminar attendees do actually very little with the content any seminar. You didn't say what sort of investment model you are after ? Maybe you prefer the Reno Queen Cherie Barber, she has signed about 1500 students(2010)and has a very high media profile.
She was just on public TV last week.
posted at http://www.yourinvestmentpropertymag.com.au/forum/community-postmessage.aspx?t=479&f=6
QUESTION: ANY MENTORING PROGRAMS WORTHWHILE ?
Not sure what type of property strategy you are after and which programs you already know about. I like Dymphna Boholt (broad spectrum) and you can check her out in a free one day seminar. So far I have taken two free seminars but I am still keeping my fists tight. You learn a lot, but if you want to get the study and mentoring program then you are looking at $5000.- This seems to be typical for many Guru programs. I know Dymphna has students all over Australia who are doing quite well. I believe most of the people who will commit to a steep learning curve and hard work will succeed in getting well ahead with her coaching.
Normal distribution(Gaussian)however teaches us that the majority of investors and seminar attendants will stay in a comfort zone.
I have some more info on Gurus on my site http://realestate-investment-australia.com
Dymphna's next tour is in August. Here is the link with a banner to sign up. I got it through Knowledge source, but the banner also shows up in targeted ads for example on Realestate.com.au
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