I went along to the Sydney seminar today so I'll write a few words about it.
I found her presentation very interesting, it had a positive spin on property (I liked that
) and her mentorship program (costing $4K ouch, I didn't like that
) and IMO it would be beneficial to newbies and to those who are interested in investing interstate but don't have the knowledge of the local markets.
The package comes with a buyer's agent who finds them cash flow +ve properties and the idea is to assist members to build a portfolio consisting of cash flow positive, plus growth assets. The buyer's agent gets a 2% commision.
Dymphna says people who sign up will be assisted in understanding property investing, and then decide where they want to be in 5 years time and to go out and make it happen.
Members will be assisted by a number of professionals to buy the right properties and to structure their portfolio correctly
(at a cost).
From what I understood, they are pushing properties in QLD, VIC and NSW
and although Dymphna was repeating that Sydney prices are about to explode
their buyer's agent seemed biased towards QLD and Parts of Melbourne.
I found it interesting that she offered to include our spouce for an additional $1000 so for $5K in total, two people can join the program. (are any ladies out there willing to join in as my spouce and split the costs with me?
)
To property investors the cost of the mentorship program would be tax deductible and to those who are starting out now could be tax deductible through a trust structure carrying the cost forward and offseting it against future income.
It was an interesting day and although I don't believe it would help the very experienced investors, the involvement in this lady's program could provide the right environment for some people and help them take that extra step they are reluctant to take.
The whole program can be broken down to various CD's and people can buy these online but the online price is $12K for the lot.
