Has anybody done Dymphna's course and if so how do you rate it.
Go to http://www.jenman.com.au and search the site for Dymphna Boholt. I always check Neil's site first before buying any courses or books etc. He is usually 'outing' the spruikers before they hit the headlines.
CheersGood call donnac.
Maybe after you check with olde Neil you might like to check the Qld Office of Fair Trading website. DB and the OFT have had more than words over the last few years.
Wonder if she is still promoting Buffalo as the next big investment area !!!!!
Richard Taylor | Australia's leading private lender
Richard,
there's probably a better market for the steaks than the real estate market in that beast.
Michael
You are so right there my friend.
i think you get better value in the meat for your dollar at the mo.
Richard Taylor | Australia's leading private lender
I can't believe what you are writing here. I think you need to back off and get the facts before you slander someone. Don't get me started with Niel Jenman and his so called real estate system.
As for the office of fair trading – how about backing that up with a link to the appropriate articles re Dymphna.
I have done several of Dymphna's courses and can only say that she is inspirational and a huge source of knowledge. I have a good sized healthy portfolio because of her teachings.
How incredibly negative to shoot down the tall poppy.
No cheers to you lot.
Wow a follower or maybe a plant.
Before you start on your high horse I have been asked to finance many of the deals that were being promoted by DB & WWW.
Unfortunately as is often the case when selling overpriced properties these clients were told to pay cash for the property as it they were great value deals and then try and refinance later to release equity. Unfortunately the clients involved didnt undertake an independant valuation on these properties and when the US lender i dealt with did found in most cases they were so overpriced it wasnt funny and often were in areas that the locals treated as slums.
Many of us have decent sized property portfolios and didnt require the overpriced Accountancy or Property Marketing services of AFA to do so.
Maybe you would like to do a ASIC search on the Company and see what the powers that be have to say.
Here is a extract:
On 26 September 2005 the ACCC instituted legal proceedings in the Federal Court, Sydney, against Seven Network Limited, a number of related companies and the principals of the Wildly Wealthy Women Millionaire Mentoring Program.
The ACCC alleges that the respondents engaged in misleading and deceptive conduct in items aired on the Channel Seven television program Today Tonight on 31 October 2003 and 30 January 2004. It further alleges that the non-Seven Network respondents engaged in misleading and deceptive conduct on a website associated with the principals of the WWW mentoring program.
The WWW mentoring program is run from the Sunshine Coast by its founders Ms Dymphna Boholt and Ms Sandy Forster.
The ACCC alleges that both the principals of the mentoring program and Seven Network Limited (or wholly owned subsidiaries thereof) made misleading representations as to the results that could be expected by participants in the WWW mentoring program; and that one of the principals of the WWW mentoring program was a millionaire and the other principal owned in excess of 60 properties.
The ACCC further alleges that the company Universal Prosperity Pty Ltd made representations on the website http://www.wildlywealthywomen.com as to the results that could be expected by participants of the WWW mentoring program. The ACCC alleges that these representations were false and misleading in contravention of s. 52 of the Trade Practices Act. The ACCC is seeking:
- declarations that the respondents have breached the Act
- injunctions restraining the respondents from making the representations or any representations to substantially the same effect as any of them
- corrective notices and costs.
The matter is listed for a directions hearing on 8 November 2005. Needless to say the Court upheld the matter and the 2 individuals were prosecuted accordingly.
There are many other links but havent got the time to attach them all.
All i would say is if there services are so valuatble why do they need to charge so much for them.
A local Financial Planner, Accountant, Mortgage Broker, Solicitor or Real Estate agent would provide the same advice at half the price and without all of the sales hype.
Christopher Skase and Robert Maxwell were two recent examples of tall popies – dont tell me they were honest as the day is long also.
Richard Taylor | Australia's leading private lender
Relax Lynvr,
there was no slander anywhere in this thread. A question was asked and those with some information effectively gave their view and further leads for walp to do due diligence. As with any courses, seminars, investments and advice…..Caveat Emptor!
And…..walp, you posted this question four days ago as a first post on the very same day you joined. Please confirm that you are here to learn and not merely lead to a feel good reply in the guise of a marketing ploy to drum up business. If it's the latter, unfortunately it hasn't flourished in a positive light so far.
Not judging, however there has been enough spam and spruiking here of late, so walp, if you're in the community for the right reasons, please post back and if you did investigate the links alluded to above by Richard and donnac…..what did you discover?
Thank you everyone for your comments. There is a lot of information, courses seminars etc on property investment and I am skeptical but I do want to learn and become a property investor. This site looks like a great place to start.
I have come across a site called Cashflow Capital where they state that they assist in finding postive cashflow properties. Has anybody heard or used them?
Regards
Hi Walp,
If you really ned guidance, i sugest you have a lok at Steve McKnights RESULTS program, which should be advertised on here somewhere. They won't try to sell you property, which pretty much every other program has been set up to do.
Regards
AlistairGood advice Alistair. The RESULTS program is all about education so a person can go out and do their own deals anywhere and have someone you can bounce these deals off before committing. It's a great program that I'd recommend to anyone!
walp, just becareful using Cashflow Capital service. They have basically inflated the rent so that it looks attractive in first 1-2 years. Majority of their properties are in the mining town or small rural town(recommended only for speculative investor).
You can easily find an apartment or unit around sydney area with almost neutral gear i.e. 6-7% gross return.
BTW, they charge you a certain % of the property price as a service fee…
donnac wrote:Go to http://www.jenman.com.au and search the site for Dymphna Boholt. I always check Neil's site first before buying any courses or books etc. He is usually 'outing' the spruikers before they hit the headlines.
CheersI just read three postings on Jenma's site and they were merely rants. Virtually no fact at all. He names virtually every person in the wealth education industry and virtually labels them a fraud.
Any factual posts on jenman's site or do I have to waste time trawling through more rants to find some?
PS I've just looked through posts relating to Dyphmna and the original question has gone unaswered save one. Is anyone using her material and enjoying success, and could we perhaps get some details especially if in Victoria? I attended her Melbourne seminar yesterday and having done Steve's RESULTS program, thought she came across quite well. A buddy signed up based on her 90-day and 12-month moneyback guarantee, and I'm keen to see him use them if he's not making pgoress with her.
Hi to all…
I am also a buyers advocate and hope to give you some unbiased information. Cashflow Capital are a reputable company that locate positive cashflow property across Australia. They charge a fee of 2.2% of the purchase price negotiated.
Our company also does similar and charges a flat fee which is quite competitive. The difference you will find is that smaller companies such as ours locate properties specifically tailored to the client's profile whereas Cashflow Capital do not tailor their selections to specific clients.
If you are interested in locating a cashflow property buyers advocates can save you time by locating properties, providing important information including industry, rentability etc. and often also save you money due to relationships with agents across Australia.
I would be more than interested in chatting more and seeing if we can help you. Feel free to email me on [email protected] or call on 0423 052 513 and we can discuss.
Thanks
Simon
Hello,<font color=”#cc0000″>
Is anyone using her (Dymphna Boholt) material and enjoying success, and could we perhaps get some details especially if in Victoria?</font><font color=”#000000″>
Yes I am one of DB "students" and I joined for a very specific reason – asset protection and structuring. I had been on a quest for a couple of years of:
1. To understand completely asset protection and structuring for MY "end result"
Her material is very easy to understand, has good examples and there is logic in what is said. She does not sell property or products, and the best you will get as a recommendation is she will tell you who she uses for legals etc. Just like this forum, I am wanting to find a good insurance broker, and I gues I may get a couple of tips, but I will not run off and use the first one suggested. I have spoken to some of the businesses that Dymphna uses, but I have not used their services.
I do not have rose coloured glasses on and believe everything that I am told, I question, and verify information. If I respect the persons knowledge and there is a personable connection there, I would be more keen to use that professional. I was impressed with her Asset Protection and Structuring, I did my research on her, and I knew that she was not going to be right for everybody, but as long as you are aware.
I am also the keeper of my families destiny, so if I don't do due diligence on information I am told, and it goes pear-shaped, then that is MY FAULT, and I am accountable. So when Neil Jenman gave the example of the lady (who had cancer) who bought 3 properties in the USA at inflated prices, why did she do that, what due diligience did she do and why is she not OWNING her decision to purchase those properties. Yes Jenman is a good alert, but follow through with due diligence.
So yes, I am a student, yes I am greatful for the information in her course material for the areas I wanted, is she going to get the accolades when I give up my day-job to be a full time property investor – NO, because she is one of many where I take bits and pieces from – and I use professionals (that I have chosen) that I am comfortable with, who are like minded (ie property investors) and are smarter than me in their field.
BTW, there is no reason why you cannot use your buddy's material, because that is what is promoted, and if you get through it all, you can go along to her 3 day boot camp as your buddy's partner at a fraction of the cost – if her material is RIGHT FOR YOU. I have a few friends that I have lent the material to and they have benefitted no end, especially setting up a new business for one couple, they took the material to their own solicitor and accountant and used Dymphna's suggested structure because it was logical.
In saying that, I have also lent friends Margaret Lomas, Jan Somers, Michael Yardney, Ed Chan, Steve McKnight, Reno Kings and a few others. </font>
i would like to agree with the posts of richard and micheal.
its great to use a lot of sources for information and guidance. i do not think it is necessary to spend a lot of money on seminars run by motivational speakers. some seem to make more money by running these things than actually being actively involved in investing in property and related matters.
if i attend any i always look very closely at the written material in the cool light of day, well after the hype. always seek independent professional advice before acting and never sign anything until you have. if there is pressure to do so run a mile.
do lots of research re the individuals before handing over your money. then you will have more for investing.
i think it is great for people to get ahead, and hate to see anyone being taken advantage of. it has happened to many ,even those who are experienced, so we must all take care.
just my opinion. also if it sounds too good to be true, it usually is just that.
I brought a seminar workbook and the a heap of DVDs of a Dymphna seminar off eBay. It's all pretty sound stuff and reasonably thorough, but it's nothing I haven't heard before.
However, for someone a bit newer and less well read it would be a good start.
Paying a couple of hundred on ebay is cool, but I wouldn't bother "investing" in a seminar. You could buy a hell of a lot more knowledge for the price.
Graeme
P.S. if anyone emails me I'll put the stuff back on ebay [email protected]
Hi all
I too am a student of Dymphna Boholt, and have been for over 1.5 years.
Like Sootyss, I too listen & learn from a number of more experienced investors than myself. I have read numerous books, attended countless seminars, watched lots of educations dvds, etc. from a wide variety of people. I listen to others who have done more than me, and try to learn from their mistakes. (No point repeating somebody else's mistake! Might as well learn the solution so you don't make the mistake as well!
) After I have listend to this information, I consider it, and then I do my own research. After all, as Sootyss says, everybody is responsible for their own life. Everybody must learn, consider, research, and make their own decisions based on their own thoughts & beliefs about what is best for them. Nobody else can tell you exactly what to do, when, and tell you how to run your own life. But if you want to want to make your life better, learning is usually a good way to go about it (as I'm sure everybody on ths forum agrees)!
I happen to find Dymphna very informative. I have attended quite a number of seminars with her, and I have always learnt something. (Usually a lot more than one something!) Dymphna tends to give information, rather than motivational speeches, although the examples she gives (usually hers or her students') often tend to motivate anyway.
I attended one of Steve McKenight's 3 day seminars (a year or so ago now), and I have to say, I was disappointed. His portion of speaking amounted to approximately 1 to 1.5 hours over the 3 days. The rest of the time, there were specialists in separate rooms. Which was quite interesting, as you did get to choose the topics & speakers you would hear, but it wasn't what I was expecting. And yes, I did indeed learn a fair amount from this 3 days as well.
Dymphna's 3 days events, on the other hand, are at least 95% Dymphna speaking. She does specialise in structuring and asset protection, which I found very helpful. (That was not mentioned at all in Steve McKnight's seminar that I did, although I've noticed that he's now adding this to his courses.)
As to why anybody would spend the money on Dymphna's courses:
1. I was impressed by her, and knew I could learn a lot from her, which would save me the cost of the course in reducing costly mistakes I'd otherwise make (through lack of knowledge).
2. There are monthly phone calls & cds (usually 2 hour-long phone calls & 2 cds a month), which I listen to in the car on the way to work, thereby increasing my education during a time that would be otherwise 'wasted'.
3. If you have any specific R.E. questions, you can email them to her, and she will answer them.
4. She will occasionally suggest professionals to use (sometimes after requests for recommendations).
5. You can meet other like-minded individuals.
As I said, I find her right for me, but that does not necessarily mean she is right for everybody. I related better to her, and learnt more from her, than I did from Steve McKnight. That's my experience, but not necessarily somebody else's.
In a few of the seminars I've attended with Dymphna, I've spoken privately to some of her more experienced students. All of the ones I spoke to were doing very well, and were very happy with Dymphna. (Obviously I haven't spoken to all of them, just the ones I happened to engage in conversation.)
Over the past 1.5 years, I have purchased my first PPR, am nearing the end of the renovation process, and plan to buy my first Investment Property within the next few months or so. For me, the course was worth the money. 1.5 years later, I am still receiving the monthly educational cds & phone calls, so I am still benefiting from her knowledge.
Thanks.
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