Author Archives: carolynbond

Dominique Grubisa, Master Wealth Control & Vestey Trust

Dominique Grubisa and her companies offer a range of courses and products, including a course on finding ‘below market value’ properties and negotiating deals with distressed sellers (which I write about here), a renovations course, debt management, legal services, loans, … Continue reading

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Dominique Grubisa and DG Institute – Part 2

Read an overview of my concerns about Grubisa’s Real Estate Rescue technique here. This post considers some issues in more detail. These are my views on some content of Grubisa’s seminars and videos. Grubisa is a lawyer – I’m not … Continue reading

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Rick Otton – What harm did he do?

The Federal Court has imposed record fines on Otton and his company for misleading his students and the public – but what harm was caused? Some of Otton’s students lost money, or were prosecuted by regulators, for using his strategies, … Continue reading

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Record Penalty for Rick Otton

On 15 November 2018, Rick Otton and We Buy Houses received the highest penalties ever imposed in Australia for breach of Australian Consumer Law. The Federal Court imposed penalties totalling $18 million against We Buy Houses Pty Ltd (We Buy … Continue reading

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“Real Estate Rescue”, Dominique Grubisa and DG Institute

Also see more recent posts re Real Estate Rescue and Dominique’s ‘Master Wealth Control’. I have not attended a DG Institute (DG) seminar, however I have concerns that her students (“investors”) may be entering into complex financial arrangements with distressed … Continue reading

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Hiring a car?   You’re driving uninsured!

‘Damage waiver” in car hire contracts isn’t insurance, doesn’t cover some types of accidents and can leave drivers exposed to huge bills Excess insurance may be of little, or no benefit, if the ‘damage waiver” doesn’t cover you While many … Continue reading

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Rick Otton – Federal Court Decides

On 11 August 2017, the Federal Court found that Rick Otton, and We Buy Houses (WBH) (referred to as “the respondents” below) engaged in conduct which was misleading or deceptive or was likely to mislead or deceive in contravention of the … Continue reading

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Lease Options in Court

A former Rick Otton student, and witness in his Federal Court case, lost a lease-option case in Supreme Court of NSW (Australia) in December 2016.  The case shows, once again, the risks faced by owners, buyers – and even ‘creative … Continue reading

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Lease Options

In this post I consider some examples of rent-to-buy houses (lease options) which were provided by the people who promote them.  Even these positive examples offer very little benefit to an unsophisticated ‘buyer’ in exchange for significant financial risk. It … Continue reading

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One more ‘rent-to-buy’ risk – property values

In addition to all the other risks associated with rent-to-buy/vendor finance deals, the ‘buyer’ must gamble on a minimum increase in property value over a short-term.  An examination of some historic property price fluctuations shows how high this risk this … Continue reading

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