Dymphna Boholt - Real Estate Program. Has anyone here done it?

Hi everyone

I've been looking into which property course/program to do to get some education and get started in the property market. Looking for anyone who is a member of Dymphna Boholt's real estate program or has done her bootcamps/seminars. Or any advice on other courses out there worth doing?

Thanks!
Jen

 

For a quick education just go to some spruiker seminars like Michael Yardney, etc. You will learn many of the concepts. Keep your wallet closed though when the hard sell comes.

Also get to some PC meetups. Nothing better than networking with regular investors.

 

Have you done a search of PC?

 

Spend some time going through the forums on here, read some books too. Plenty of suggestions in the forums here. I'm a new member and know bucketloads now compared to a month ago. I've still got a lot of empty buckets though.
I am a lot more confident about my strategy and making my first purchase. I just finished reading Michael Yardney's "How to grow a multi-million dollar property portfolio" Once you filter through all the fluff, and him repeating himself over and over you do get quite a lot of good information. Once you get to Part 3 things really pick up and the useful info starts flowing. He seems to spend the first two parts of the book trying to convince you property investing is the way to go.
Don't let anyone take part of your hard earned deposit for an education you can get on here and by reading a few books.

 

You could learn all that here....

I would start with this forum and the previous forum - Somersoft.

 

I did the $4k intro course + the $20k platinum, and some other ones as well.

Full disclaimer. It was all free as I was my business partners tag along.

Having now sat the courses which I never would have paid for previously, I'd recommend it. I will be doing the $20k course again.

Where the value is at isn't so much the content as it is the network you can tap into. Think going to university vs studying by correspondence.

So yes, the content is close to what you'll find here, it is however condensed for easy consumption. Similar to the 1% thread, there's the performers, and then everyone else who will never use the resources and then complain it was a waste of time and money.

In short. Yes worth it, depending on how you use it.

 

NHG - So you would recommend doing the course straight up or recommend learning off this forum first, then taking up the course?
Can you get the same "networks" by tapping into people here and other places online?
Not trying to roadblock your advice but as I mentioned earlier I am also new to this industry and want to learn as much as I can.
Would you recommend getting balls deep in courses or push for that first purchase?
I'm skeptical of giving away 20k when I could springboard into my first IP or PPoR in the next 3-6 months rather than doing a course and getting "contacts" I won't be able to use until I replace that money.
How does a newcomer to the industry identify a subject matter expert over a plant in a crowd at a spruikers seminar?

Free and no hard sell - better chance of keeping your deposit

 

20k for a network? No thanks, you can get that here for free

 

What came first, the chicken or the egg.

My business partner started with Dymphna, I started with somersoft. She will always say Dymphna, and I propertychat.

You can learn and network 100s of ways. Just depends on you and how you learn best. I find a lot of beginners stick with beginners instead of networking with heavy hitters, always make sure you're the dumbest person in the room.

My network and Dymphnas students networks actually have some overlap, Xenia from Adelaide having been recommended by both camps.

My b.partners specialised in NMD deals. First deal netted $300k, next will net about $500k. She has multiple JVs running also. She will always rave about Dymphna as that's how she got there.

I started with buy-reno-hold, then granny flats, now boarding houses. I replaced my income about 5 months ago and am confident I can replace it over again in 12 months. I will always praise somersoft / propertychat and the likes of Skater, DaveM, Ace-in-the-hole, TerryW, and others not on here that were my first mentors / friends.

 

This forum will give you a lot of information. And anything you don't understand you can ask. If still there are things you wanna know that are not here, try google and double check that info back here.
20K can be your deposit into your first property.
And you'll learn even more by doing it and going through the process.
Research an area -> start doing open homes -> estimate the market value -> finalise a property -> do your due diligence-> put an offer -> get finance pre approval -> sign the contract.

Once you start doing it you'll find it eeaassssyyyyyy

 

2 years ago I did the 4k course because my friend was keen! So I went along. But in reality, the best part of it is the regular networking and communication with like minded driven people that you network with. In Sydney we have monthly meetups where you learn more, share knowledge and every month you always have to state your goals and stay accountable. And there's a Facebook group too.

There's also great opportunities to learn from others in the meetups, the meetups have a focus. I'm not sure what happens in other states, but this works well for people who are in the program in Sydney.

Another great thing is I am now facebook friends with a lot of these people I met through the program, and I like seeing this positive mindset coming through in my Facebook. I have lots of positivity on my facebook to see and its how I want to live my life.

Of course, you are responsible for all decisions you make... nobody holds a gun to anybody's head and always you have to do your own due diligence.

 

I have her course that I'm happy to sell for $400

 

I think the network is more valuable than the course materials themselves. But you can get a network here too.

 

I tend to agree. I did a couple of courses in the past and the network/contacts made in each one was far more valuable then the materials itself. Really the materials should be all more or less the same. The fundamentals don't and wont change. The only course I did where the knowledge set out was a tremendous help was a development course. And even in that one, the contacts made were equally if not more valuable.

Btw hands down some of THE best contacts I ever made were on here, though mostly in private. Many of the best folks here really value their privacy.

 

Old news but just saw this on the Fair Trading website - and saw the name Dymphna Boholt in there

Spoiler: Property Spruikers put on notice

20150730_property_spruikers_put_on_notice

"legally-enforceable undertakings were given to regulators by seven traders (including Rick Otton and Dymphna Boholt) who promised they would modify their behaviour, including changing their advertising and to stop making misrepresentations"

 

The regulators (incl State Fair Trading, ACCC and ASIC) have for some time attended property related seminars and sought evidence from some when they make representations about past success and stories that describe their performance as indicators of expertise and success ina system or past efforts. Many have been unable to demonstrate about how the profits, their numbers of properties and other claims are factual.

Unfortunately the regulators dont always publish the extent of the misrepresentations so its difficult to determine how much of a misrepresentation occurred. Was it a little or a lot ?

 

I have all the CD s that hubby picked up for me in an op shop. Glad I didn't pay for the course. There were the odd quite useful bits, but nothing crucial that couldn't be picked up elsewhere. Her presentation style could be a bit irritating. Lots of naff jokes and fillers. I only saw the CD set though, so hopefully those paying got a lot more from it.

 

Do your research:
Dymphna Boholt gives undertakings after caught in examinations by regulator into property promotion investment schemes

and as wolves hunt in packs:
Knowledge Source - Scammers; Jon Giann and Dymphna Boholt

It's people like these spruikers that makes it so hard to find a good, honest, and reliable property partner.

I used to get her ads pop up on my Facebook (hey us oldies can use technology!)... until I posted the above on their comments section. I am now blocked from commenting on their page. Truth hurts I guess.

 

I have had the same experience on her Facebook.

It is pretty simple to do the research to confirm the problem with Dymphna. Just search using her name along with, fair trading, accc, and Channel 7. Channel 7 had to pay a fine just for not doing their homework on her false claims. They paid a fine of $250,000. I think at one stage, one of the State fair trading departments were handing out warnings outside her conference. If after you do reasearch you still want to pay her a cent? Well that would surprise me. Also, Dymphna made specific false claims about the success of her clients. If you read positive promotion on any public media site or someone dismissing her past fines it is possibly from one of her people. These were serious matters.

 

I don't like her free webinars, which has been my only exposure to her. Like other spruikers/'gurus' she talks non-stop. Sometimes I have needed to pause after every minute to soak in what she said. May be I am slow. I heard but nothing that I haven't read on this forum. Also, I don't understand what kind of a quality network one can tap in to from such events.