Dave, thats what Dympna said.
And you couldn't argue about it either because she doesn't take questions when she talks.
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Dave, thats what Dympna said.
Yes, I thought that odd - but its her style - fine, she's paying. At the end of the day this free seminar was a teaser for the $4K seminar, so I guess she has to get thru the material and Q's (she did offer to answer in the break) will only slow her down.And you couldn't argue about it either because she doesn't take questions when she talks.
And you couldn't argue about it either because she doesn't take questions when she talks.
And you couldn't argue about it either because she doesn't take questions when she talks.
Thanks for the write up Bill, Prop, and Rixter.. 9am-5pm is a bit long to sit through.
cf+ now, cg soonSo was she saying a better opportunity for CG or +CF????
CG about to be a tsunami - its buildingif CG, what did she say about
easy money. 20% vendor finance + 80% lender = no money down and still cf+- tighter credit (lvr's, genuine savings history, postcodes)
She disputed official figures as being wrong because they did not take into account expats returning in droves from recession hit o/seas locations, kiwis from NZ and cashed up foreign students. This makes 300,000.- net migration in year to sept 08 was 213k and forward projections are 180k, almost half Dymphna's figures. 180k comes from the most recent projections by the ABS, which were commissioned by the Dept of Health and Ageing. These 2007-2027 projections are extremely important to PI'ers as they are the first at the SLA level. Think I'll take Bernard Salt's view on net migration rather than Dymphna's.
This is a unique time in history. IRs at 40 year lows. Ability to buy cf+ in Sydney - not seen in many years. Won't last forever.- recently, no growth in sales volume/prices of mid and higher property...and the base level needed an artificial stimulus. so what is going to change over the next 6 mths to change the trend of the last 6-12 mths? it can't be interest rates because credit is being tightened in other ways to offset that.
That would be rental income.- what income explosion? employment is rising.... hands up anyone who has had a pay rise >cpi in the last 3 mths.
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.
I
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..
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.
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.
CUT SHORT
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.
I think I stumbled upon them by mistake. Like an idiot I clicked on a google ad offereing "FREE" details of cashflow positive property. So mugsy here signed up to get the info from the website and sure enough there were loads of cashflow positive properties for sale all over Australia. The trouble is they don't tell you where they are, all you get is a nice picture and the state. You need to become a gold member to get the full details and that costs $660 a year. If you thought that was the end of it, if you actually buy one they want another 2% commission from you as you have signed them up as your buyers agent.
Why would you want to argue - its counter productive. Why not ask her questions in the breaks?
Bill
Nice to finally meet you! Next time we'll have a coffee and a real chat
cf+ now, cg soon
CG about to be a tsunami - its building
Regardless of how much we know (or think we know) events like these can be worthwhile.
cf+ now, cg soon
CG about to be a tsunami - its building
easy money. 20% vendor finance + 80% lender = no money down and still cf+ This is beginning to sound like Henry Kayne, maybe for someone skilled enough it will be an opportunity, but i like the KISS rule (Keep It Simple Stupid). When you start having to engineer techniques, thats when you start getting into trouble. The whole GFP was originally built on techniques such as these. In their original forms, and at the start of a market growth phase they can work, but just like the GFC, they have to become more exotic to maintain the momentum. Investing doesnt have to be difficult, its only made difficult when people keep trying to persue opportunities in an area where the profit phase of the opportunity has already been exacerbated.
She disputed official figures as being wrong because they did not take into account expats returning in droves from recession hit o/seas locations, kiwis from NZ and cashed up foreign students. This makes 300,000.
This is a unique time in history. IRs at 40 year lows. Ability to buy cf+ in Sydney - not seen in many years. Won't last forever.It maybe a good time to invest in Sydney, but its not a unique time. What happens when interest rates go up???????????? And long term fixed rates are still quite high which means you cant take insurance out from a long term fixed rate (10yrs+). ie its probably a reasonable to good opportunity but its DEFINATELY not the best opportunity in 40years, that i can nearly guarantee you.
That would be rental income.
ANOTHER PROPERTY SPRUIKING/TUITION/COACHING SEMINAR in progress.
Look, I think that is pretty much true - but I think most of the old heads went in with eyes wide open and were there just to glean a couple of ideas that might be worth considering for them - I certainly did Would I pay $4K for something I can get out of a few books and a forum? - NO. Would others? - some would and that's fine for them. Some ppl need a mentor and a kick along and hand-holding. At the end of the day many of thse types, I suspect, will not end up doing anything anyway, but the presenter can always use the ones who do as broke-to-success stories in her next seminar. I have no problems with that - ppl are responsible for their own actions.ANOTHER PROPERTY SPRUIKING/TUITION/COACHING SEMINAR in progress.
easy money. 20% vendor finance + 80% lender = no money down and still cf+ This is beginning to sound like Henry Kayne, maybe for someone skilled enough it will be an opportunity, but i like the KISS rule (Keep It Simple Stupid). When you start having to engineer techniques, thats when you start getting into trouble. The whole GFP was originally built on techniques such as these. In their original forms, and at the start of a market growth phase they can work, but just like the GFC, they have to become more exotic to maintain the momentum. Investing doesnt have to be difficult, its only made difficult when people keep trying to persue opportunities in an area where the profit phase of the opportunity has already been exacerbated.