Anybody heard of DG Institute?

@steven what was presented was an introduction to real estate rescue where you buy properties below market price, renovate and rent out or sell. Properties that are below market value is due to reasons of the seller such as marriage break-up, banks looking for new buyers to service the mortgage etc…for whatever reason, the properties are good, below market and as the buyer you have the opportunity to make money through reno, whatever your imagination capacity takes you in your wealth journey.

Just like what Benny said, simply search her but its better if you attend the presentation, so you can ask her more direct questions that your unsure of. Shes a great presenter and the ideas are simply one strategy and if it meets your interests then invest in her program in your own time, when you ready and done your thorough research in detail like an obsessed lawyer.

Those resources you bought for $17 will be of great learning value, if your new to property investment like me than you will find hidden gems in the chapters.

To get the specific details your after in the workshop, rather then the topping/enticing stuff, unfortunately, you will need to pay the membership amount of $6k. As the saying goes, you need to spend money to make money!

Keep us in the loop and happy investing :)

zen

• This reply was modified 7 years, 3 months ago by  zen.

Hi Steven,

I’ve been doing some research myself to see if anyone else is talking about the DG Institute (formerly Real Estate Rescue) and came across your post. I thought it relevant to share my own comments about DGI as they are current and relevant to anyone looking at being a part of the DGI community.

My comments though are in the form of a consumer warning to the thousands of DGI graduates who remain blissfully ignorant that there is a major flaw with the product, which could cost you everything you’ve invested in your takeover project. This is very real and current. This is not a joke. I’m writing this because I don’t want anyone else to suffer as we are.

We bought the Real Estate Rescue (now the DG Institute- DGI) product in Feb 2015. We became elite mentoring graduates in 2016. The product uses 3 methods to do business with distressed property. The first two are easy to understand. They are the ‘wholesale’ method and the ‘short sale’ method. The wholesale method works on the principle of finding and buying a property ‘off market’ for 10%-40% cheaper than retail. The title changes hands – all good. The short sale is similar in that the house is bought by the graduate off market. The sale is termed ‘short’ because there’s no equity in the property. To build equity the DG Institute graduate has to convince the bank that it’s worth their while to sell to the graduate at a loss. The graduate is trained to make a deal with the vendor that might include a cash incentive, that the lender can’t know about.

The takeover method is the most attractive for graduates because there’s no need to get a bank loan and profits go up because there’s no need to pay stamp duty. The property stays in the name of the vendor while the deal runs its course. Now this might seem pretty scary to the average punter as you don’t actually ‘own’ the property – you’ve merely ‘taken it over’ and are standing in the legal shoes of the vendor. The graduate is supposed to be protected through the DG institute’s legal tools, the most important of which is the ‘irrevocable power of attorney’ (POA). This is supposed to protect the graduate from the vendor changing their mind and seeking to take back the property after you’ve spent a lot of time, effort and money fixing it up for sale.

How do I know this?

I am currently living a nightmare caused by the failure of the supposedly irrevocable power of attorney (POA), which CAN easily be revoked. Our takeover project was going well until the vendor decided to take back the property. She simply broke into the house (2 weeks out from the auction to sell it), and changed the locks. She then visited the DNRM (land titles office) and filled out the form to revoke the POA. It was that easy. She’s still there today. The vendor has no legal training and didn’t have the help of a solicitor. She simply revoked the POA and we lost our right to sell the property and recover our investment.

This all happened back in October 2016. On the 27th February 2017 the QLD State Minister for the DNRM, Dr Anthony Lynham, weighed in and supported the revocation of the POA. He made a written decree that the DGI POA is not valid at law. Any vendor that knows this can undo your takeover project with ease. You have NO PROTECTION at law. I wish this was a joke, but it’s not. We’ve lost $1m because of the failure of the product.

Our principle investor is also a DGI graduate. She’s 80 years old and has lost the majority of her life savings after being assured that her investment was safe.

How could this happen? It’s very simple. DGI haven’t actually tested their POA prior to selling it. What’s worse, DGI have continued to sell the product (with sales topping $25m in the last year alone) ‘SINCE’ they found out the product is flawed and should be withdrawn. NO DISCLOSURE has been made to the thousands of DGI graduates relying on the product to work. Subsequently the ACCC have now been contacted.

We have pleaded with DGI to be compensated but have been met with threats if we disclose this information. Please share this information. If you don’t believe me then visit the facebook page DG Institute Graduates Independent. All of the evidence is there.

Hi Andrew,

Thank you for sharing. Hopefully your situation improves.

Could you please direct me/us to the above mentioned decree by the QLD State Minister for the DNRM, Dr Anthony Lynham?

I don’t think any state govt department would be endorsing any sort of legal documents. An irrevocable poa might be solid, but it could still be revoked on equitable grounds – such as undue influence, duress, fraud etc

There was a recent case involving a binding financial agreement (prenup) which failed because the husband basically applied undue pressure to the wife by pulling out the doc a few days before the wedding and saying sign this or the wedding was off. This sort of pressure was unreasonable so even though the document was legally valid, it could not be enforced.

Something similar could happen with a POA.

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.

Hi Stan80,

I can’t tell you what you should do but I can suggest you have a look at all of the facts that have been uncovered, not just by me but by others. The facebook page ‘DG Institute Graduates Independent’ has all of the evidence now being used to lift the veil on the PUP (property uplift program), the Master Wealth asset protection product, and the Real Estate Rescue product. If you’re actually interested in ‘knowing’ exactly what has gone on behind the scenes then do yourself a favour and investigate the evidence ‘before’ you spend a lot of money you’ll find very hard to recover if you’re not happy with what you discover. All the best.

Hi @andrew1966,

In relation to your experience, I was wondering if you had also taken out a caveat over the property in question? I’ve also attended the initial seminar and I’m sure that was a critical step in that strategy.

• This reply was modified 5 years ago by  says.

ntrap2000 wrote:

Everyone who commented here are amateurs and not even completed RER course. The workshop covers strategies but I would like to know if anyone implemented these strategies easily and got benefited. Moreover, $6500 for an online course is extremely high. It looks like DGI is making more money through education sales pitch rather than through their strategies. I could clearly see once you join RER they will upsell other courses to you. We need to hear from someone who did the course and implemented the strategies easily and got benefited.

@andrew1966 did the course.