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I went to her “sales” session in Melbourne this morning, and yes she is an excellent and convincing speaker. I had been following up Mark Bolton’s Massland offering recently, and decided not to go with them as I considered them too risky. The full price of Dominique’s new program, sold as the “Property Uplift Program” is $9,000, and it was discounted to $6,500 if you paid in full today. Considering all the tools you get access to as well as her knowledge, it does seem reasonable. I also bought her “package” for $17 and will read that over the next couple of days. I took detailed notes during the session so can give more info if anyone asks.
Now I’m reasonably new to this area of property investing, but what is referred to and what she is pushing in the new PUP program, seems exactly like a typical Contract for sale with an option attached, where you don’t own the property or have an obligation to buy, but have the option to purchase it for a higher amount, within a certain extended amount of time e.g. 12 months, which could give you time to get the appropriate development approval or whatever you’re after. AFAIK this type of contract is pretty rock solid and has been used by property developers for decades.
Can someone who has experience with DGI explain what the purpose of the POA is in the transaction that Andrew was referring to? Is this something other than a option contract? I’ve had a POA over my father’s financial affairs many years ago, and if it is simply an issue with the POA which DGI provides, can you not use someone elses? Or is theirs tied explicitly into the “take over” process?
FYI this new program was introduced about 18 months ago by DGI, and I wonder if it’s in response to this issue with the POA which was not mentioned in the session today.
