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Dymphna Bolt Seminar
I recently attended a seminar (read: one day "teaser" event to get you to buy into a mentoring programme for property investors) by this Qld accountant who's managed to replace her accounting income with passive income from her investment properties over the course of a few short years. This has included buying in both Oz and the US, involving creative financing (ie vendor finance) for most deals and renovation programmes for others.
I must admit I don't usually attend these seminars as they become a bit repetitive (rah rah music, look how rich we can make you, join our programme for an amazing discount today was $12000 now $3995 etc etc) but as it was FREE and I was curious about her methods (especially given her accounting background) what did I have to lose, except my time?  I've always been of the opinion that we never stop learning either, and each investor usually has something new and interesting to bring to the table.
For those interested please find attached a summary of the talk- I did end up picking up a few nuggets of information that I wasn't aware of or intend to follow up on, mainly regarding insurance and trust structures. Overall, however, it was pretty light on facts and numbers (with some glossed over or wildly inaccurate) and, hey, we can all dig out statistics to back up our beliefs at any point in the market. It was a sell job after all.
However, I found her to be a polished and dynamic speaker (a master at creating urgency and call to action) and I quite enjoyed the seminar, except for the half hr or so of hard sell time and the fact that we had to fork out for coffee in the breaks (what did I expect for $0?!)
With her new book soon to hit the shelves it was good publicity for her, and no doubt for those investors who need a guiding hand it may be worthwhile to have a mentor on the side when they come to finding and structuring those deals.
Her upcoming book is titled "Confessions of a real estate millionaire".
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Jacque
www.housesearchaustralia.com.au
Award winning Buyers' Agents- Sydney
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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