Anyone been to Dominique Grubisa's seminars?

Discussion in 'Investment Strategy' started by WiseOwl, 22nd Jul, 2017.

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  1. WiseOwl

    WiseOwl Member

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    I went to Dominique Grubisa's seminar today. Anyone been to her seminars before & what is your opinion of her strategies, courses & legal advice about setting up a Vestey Trust to protect your equity? Sorry, realised there are several questions here! Feel free to answer any or all of them. :)

    The title is not what I had, but can't seem to be able to edit the title now!!
     
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  2. Blacky

    Blacky Well-Known Member

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  3. Sackie

    Sackie Well-Known Member

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    Waste of money, unnecessary imo.

    3-5 good books plus the forum is enough .

    Personally I'm only interested in seminars if they are specialising in something very niche or a specific strategy where in depth knowledge can help. Most seminars out there are just taking the IP books and repackaging the info to the masses who dont know any better, charging exorbitant fees.
     
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  4. datto

    datto Well-Known Member

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    Rather go to my seminar and end up in datto's den of delinquent destitutes'.
     
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  5. bob shovel

    bob shovel Well-Known Member

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    Cherie barber is spruiking her as a side kick to her reno classes
     
  6. MTR

    MTR Well-Known Member

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    Could not agree more.

    Though in 2010 went to Steve McKnight's seminar on US property market, best thing I ever did. What he preached turned out to be fact.

    His seminars all about educating, provide tools, I think I paid around $1000 for US package/tools which was excellent. His probably one of the only gurus that I would pay to see.

    MTR:)
     
  7. beachgurl

    beachgurl Well-Known Member

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    I think she recently dropped her
     
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  8. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I won't give an opinion, but I can answer any technical questions you have on asset protection.
     
  9. bob shovel

    bob shovel Well-Known Member

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    Screenshot_2017-07-22-23-24-10.png
    Might need a debt expert to help the punters sign up to her courses! lolmpo
     
  10. WiseOwl

    WiseOwl Member

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    Hi Terry

    Thanks for your reply. I tried to call you on the number provided on your web page, but no answer. Can you PM me to let me know what is the best number to call you on please?

    Many Thanks
    Yawen
     
  11. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    hi Yawen

    Sorry I don't take calls anymore. If you want a consultation please email me or ask questions here.
     
  12. FXD

    FXD Well-Known Member

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    Hi Terry,
    If servicing permits, taking out 100% lending (with LMI) should be able to fend off most parties
    (excluding the lender as the plaintiff of a litigation) who sue for financial compensation that may
    involve equity in the properties, right?


    BTW, any lenders lend 100% on PPOR?

    Thanks,
    FXD
     
  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    depends?
     
  14. FXD

    FXD Well-Known Member

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    Sorry is that a question or a comment ? :)
     
  15. qak

    qak Well-Known Member

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  16. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Both

    It would be naive to imply that simply mortgaging a property provides asset protection. This is because when you mortgage it is usually in relation to borrowing money. the mortgage secures the loan. So if you borrow money you have converted equity into cash. Where does that cash go? If it is wasted on alcohol it might not be recoverable, but if you use it to buy something that is an asset of yours available to creditors.

    There are also several provisions in the bankruptcy act relating to mortgages.

    will write a more detailed legal tip on this.
     
  17. FXD

    FXD Well-Known Member

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    Agree totally with the concerns you raise and absolutely not suggesting the money to be
    splashed on life style :) I am thinking more about responsible use of the borrowed funds for
    responsible investment and at the same time achieving asset protection ... by borrowing to
    the max :)

    Looking forward to your new tip soon :)

    Cheers,
    FXD
     
  18. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Assuming you are not talking about having equity in other properties then a 100% pure lend is possible only for self employed Medicos.

    It would be a blended loan of 10% business loan (on a 15 year loan term and rates of circa 6%) and 90% Resi loan (normal lending rates).
     
  19. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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