Dymphnas USA investing course-is it worth it?

Hi Marketmad,

Dymphna Boholt is genuine, I think she is great.
I'd certaintly buy her book, and I am going to her Perth Wednesday Nov 3 Seminar.
By the end of the seminar which goes from 9am-6pm, I hope to know enough by then to go
to the US and start investing.

Ricky

I went to the one day session in Adelaide on Monday and can recommend this "freebie".

It would be great to hear from someone who has attended her 3 day courses or better yet – a US student.

I am interested in the 3 day event but a challenge with travel to Brisbane and child care.

TassieJH

http://www.bizclaims.com/2010/10/knowledge-source-scammers-jon-giann-and-dymphna-boholt/

I hope you get some results for all your cash, thousands before you have not

I attended the Gold Coast day that was presented by Dymphna and found her tax structuring information useful and informative. I was disappointed that her examples were not qualified by naming the city they were in and her guide to where to invest was a general method of research rather than a guide to cities, markets and locations. It seems that information is only revealed to those who sign up for her 3 day boot camp and go on a bus trip to America shopping with her associates and the providers she recommends.

I am a bit over the bait and tease routine used by seminar presenters to get people to enlist. I do not believe that her methods are the only safe way to invest in the US, nor do people have to travel there to do it.

I just spent two and a half weeks in Orlando, Atlanta, Kansas City and Phonix working with my wholesalers and agents to provide quality supply and delivery of properties for our clients and refining our target strategies to allow buyers to get great cash flow, equity in the current market and great growth potential in highly discounted homes. As a result we now have great supply and consistent delivery for our Australian clients, who don't have to get on a plane to buy in the US.

Most of the investors i am speaking to do not have the time to do a three day seminar or a two week trip to the US. I am sure that works for some people, but there are other, easier, safe ways to invest in the US.

I also have a warning for buyers.

One of our contacts recently contracted a property from a well advertised USA property company operating in capital cities in eastern Australia. It was a home in Kansas City at 5631 Virginia Ave that was fully renovated with a tenant on board. Their price was $62,500. We were offerred the same property direct from my wholesaler in Kansas City and had also listed it for our buyers. Our fully delivered price including all disclosed fees was $43,100!

Needless to say this guy was really disappointed and went to get out of the contract, but alas had paid a non refundable deposit upfront. Even though he lost about $1500 he still tore up the contract rather than paying $20,000 too much for the property. I asked my wholesaler about this and he said that these guys buy the properties at the same price I pay and then mark them up when reselling them. Their marketing jacket uses unrealistic comparables to hoodwink buyers into believing they are getting a great property worth more than what they pay.

I get really disappointed when i see good people getting ripped off. I had another call from a property marketing company on the Gold Coast who want to offer US real estate to their database. They wanted to buy properties from us and mark them up by $10-15,000 and on sell them to unsuspecting buyers. A net yield of 18% goes down to 12% immediately when this happens and you cannot hope to resell the property for what you paid for it for years to come.

This has nothing to do with Dymphna, but I want to warn investors to do their due diligence properly to prevent them from getting burned. Ask the company you are buying from if they have an interest in the property directly or indirectly. Search through recent sales records on http://www.zillow.com. Check the comparable sales for the area. Do not believe anything you are told by the marketing company.

I am sure there are hundreds of buyers blissfully unaware of how badly they have done or of how much the buying agent made from them in the deal. We always disclose everything.

We have more than enough buyers using our service at the moment, so do not consider this to be a promotion for our services. Just be very careful when you are out there because the biggest risk is the moral risk posed by people who see their own need for cash more important than your right to fair treatment. We are happy to share information about our experience in the US, so please call or email.

Wishing you all well in your US buying adventure.

Vincent Selleck
[email protected] / 02 66857888
http://www.888usrealestate.com.au