Dave Dinkel

25 Replies

I'm looking into Dave Dinkel's mentorship program. Does anybody have any experience and or feedback on working with Dave. He is in the south Florida market.

@Adrian Samborowski save your money,you are on the only mentorship program you will need

Get out learn your market,read,ask lots of questions,listen to the podcasts

Good luck

Originally posted by @Mark Brogan :

@Adrian Samborowski save your money,you are on the only mentorship program you will need

Get out learn your market,read,ask lots of questions,listen to the podcasts

Good luck

 Thanks for your reply Mark but i'm looking for real feedback from investors who know or worked with Dave be it positive or negative.

@Adrian Samborowski I'm in the South Florida market, attend 10/12 real estate networking  events down here a month and have never seen Dave at any of them. His office is supposively two miles away from my Miami office and I've never met him. I'm not saying he's good or not but just saying my perspective. Go to your local meetings, learn your markets and achieve success.

Originally posted by @Nick Britton :

@Adrian Samborowski I'm in the South Florida market, attend 10/12 real estate networking  events down here a month and have never seen Dave at any of them. His office is supposively two miles away from my Miami office and I've never met him. I'm not saying he's good or not but just saying my perspective. Go to your local meetings, learn your markets and achieve success.

 Thanks for the info Nick.

Dave's mentor program works on one basic format as far as I know...I've been to a few of his presentations. It essentially boils down to putting out 30-50 blind offers on MLS lists properties/day, using an MLS type feed, which auto generates the offers, and a program he had developed which simply picks out a somewhat random low ball offer number, assuming certain rehab costs, etc. .......then, if you get one under contract, blasting out to their buyer's list trying to flip/assign it, with him getting a 50% cut of the net. This may be over simplified, but that's the basics. He is knowledgable in what he does, but the program never interested me. Most REIA's here area run by someone who's "program" runs all the deals through them either as an agent/broker or as a partner, so they make a cut of the deals.

Glad im not a RE guru the students don't seem happy. Sounds like a tough profession to be in.

@Adrian Samborowski Go to the monthly DREIA meeting and you'll most likely meet Dave.

@Nick Britton I'd appreciate you sharing the 12 networking events as I have trouble finding ones that are worthwhile (at least in Dade).

Originally posted by @Wayne Brooks :

Dave's mentor program works on one basic format as far as I know...I've been to a few of his presentations. It essentially boils down to putting out 30-50 blind offers on MLS lists properties/day, using an MLS type feed, which auto generates the offers, and a program he had developed which simply picks out a somewhat random low ball offer number, assuming certain rehab costs, etc. .......then, if you get one under contract, blasting out to their buyer's list trying to flip/assign it, with him getting a 50% cut of the net. This may be over simplified, but that's the basics. He is knowledgable in what he does, but the program never interested me. Most REIA's here area run by someone who's "program" runs all the deals through them either as an agent/broker or as a partner, so they make a cut of the deals.

Thanks Wayne that is the type of feedback I'm looking for.

@Carlos Rovira I'm not in the position to go to a DREIA meeting as I'm in NJ. I'm looking to relocate to Florida next year therefore I'm looking for the most efficient way to get started investing down there. I'm not familiar with the south Florida market so I'm looking for partnerships or a solution like Dave's mentoring program provides.

@Adrian Samborowski

I just listened to a podcast this morning and he was the guest speaker. Maybe you already listened? If not, it's called the Best Real Estate Investing Advice Ever - episode JF511. Joe Fairless runs the podcast.

I didn't listen to the whole episode - but he kept mentioning wholesaling to other wholesalers. In fact, that's the name of the show "wholesale to other wholesalers and how to do it".

He also mentioned that he doesn't use REIA meetings to find buyers because they are not real buyers. Maybe that's why other locals don't see him there.

Good luck!

Dave runs his Own REIA, DadeREIA (DREIA). I have to agree with his assessment of more than 90% of REIA attendees though.

Originally posted by @Merry Briotta :

Adrian Samborowski

I just listened to a podcast this morning and he was the guest speaker. Maybe you already listened? If not, it's called the Best Real Estate Investing Advice Ever - episode JF511. Joe Fairless runs the podcast.

I didn't listen to the whole episode - but he kept mentioning wholesaling to other wholesalers. In fact, that's the name of the show "wholesale to other wholesalers and how to do it".

He also mentioned that he doesn't use REIA meetings to find buyers because they are not real buyers. Maybe that's why other locals don't see him there.

Good luck!

 Yes that's where I got his information from. 

Originally posted by @Wayne Brooks :

Dave runs his Own REIA, DadeREIA (DREIA). I have to agree with his assessment of more than 90% of REIA attendees though.

Thanks Wayne.

I think in Florida, you need to be licensed in order to do any business in real estate, especially wholesaling. Just ask someone more familiar w/ Florida Laws in state of Florida.

Disclosure: I am the mentor of the program under discussion.

@Adrian Samborowski  I am glad you joined the program and I am looking forward to working with you. As with anything in life, you get back what you put into it.  And you are doing something your future self will thank you for.  And if you or @Jerry Rein would like to speak with some of my students, I would be happy to get you connected with them.

@James Enright In Florida having been an investor there for 40+ years, the only license you need to be an investor or for wholesaling is a driver's license.  Thanks for the input.

@Wayne Brooks  I appreciate your insight into my program, but one thing that is extremely important is that we don't put out 30-40 blind offers a day.  If you read my materials, simply making offers is not where the money is.  I appreciate your insight about mentioning my knowledgeable background.

@Nick Britton Glad to see you are attending so many networking events in South Florida.  I'd love to know where those 10-12 events are if any of those are for real estate investors.  I speak at several REIAs in the area including DREIA.  Sorry I have never met you either.  Love to see you at a DREIA event (www.dreia.org).  We typically have 200+ people in attendance monthly and our next meeting is this Wednesday (the 3rd Wednesday of every month).  Take a look at our wholesale list as we are selling 30-40 properties every month.

Appreciate all the comments and questions.

@Dave Dinkel Yeah, I know...."the money is in the follow up".

@Dave Dinkel Welcome to BiggerPockets! Congrats on your first post, I'm sure this great site will help your real estate reach its full potential!  I have been to DREIA. First and foremost I see you are new to this and networking!  Tomorrow morning is a fantastic breakfast meeting in Broward. Wednesday there are three amazing networking events (all for real estate,) and Thursday is my favorite the Real Estate & Business Network which has been meeting at the same Dennys in Ft Lauderdale for over 25 years. Please let me know if you need directions to any and I'll be excited to.see you there.

Disclosure: Mentor student

I'm in the South Florida market and I'm one of Dave's mentors and I absolutely vouch for the program. Information is accurate but more importantly in my opinion is Implementation. That's where the real value lies. On my first deal, Dave offered to conference in on the phone with me and the seller. I can go by the office any time and the program has helped to sell each one of my 6 deals. It's an excellent program.

@Adrian Samborowski

Disclosure: Another mentor student

@Dave Dinkel and the team at DREIA are bonafide. I was a complete newbie two years ago. My first year was miserable. I had come close, but hadn't done a single deal. Working with Dave has made a huge difference. I mean a 0 to almost 30 deals last year kind of difference. Most were wholesale, a couple were rehabs, they were sourced both on and off market. Dave, Jim, and Viju are still always a phone call away when I need something. 

Now we're scaling up the wholesale business and looking for commercial opportunities. We're on track to do much more business than this year. Could I have done it alone? Sure I could have. But working with a mentor minimized my learning curve and got me into the money much more quickly than If I had went at it alone.

Disclosure: Former mentor student.

@Adrian Samborowski - You asked for feedback from investors who know or have experience working with Dave. Working with Dave and the DREIA team was a great experience. Love that crew. If you attend one of their events, you'll see that a lot of people feel the same way. I am proud and honored to call the DREIA team my friends and colleagues. Dave and I still partner on deals and refer deals to one another. He's a class act, as you can see by his tactful response in this thread. I owe a lot of my success to the DREIA team, their mentoring program, and their events. 

With regards to their program, I think making a lot of blind offers and using an algorithm to pick the offer price is just barely scratching the surface. I think every investor would agree that it takes a lot more than that to get and close a deal. For a lot of newbies, fear and lack of knowledge prevents them from really jumping in head first. In this business, experience is the best teacher, and Dave's program, at first, is all about simplifying, letting go of your fears, and just DOING. Just being comfortable making offers and following up on them is the first step...The algorithm just prevents newbies from getting bogged down in trying to find the "perfect" offer price. The blind offers just allows them to get more "follow up" experience faster than they would if they were driving to each and every property before making an offer. Over time, students gain more experience and develop their own style, and they refine the process into one that works best for them with the help of Dave & the DREIA team. My process, while using the same core principles taught by Dave, looks drastically different than it did when I started the program. I no longer use an algorithm to pick my offer prices - that's just one example.

And making offers and following up on them isn't even half the battle...You also have to hone your negotiating skills....Understand the details of contracting...Learn how to build a buyer's list and market your property....And know how to deal with the myriad of issues and challenges that arise during the process of closing on a distressed property...In my opinion, this is where Dave & team's mentoring really shines. All of these skills are best learned through experience, and not only does Dave & his team have that in spades, but they continue to pile on that experience through the high volume of deals they are involved in day in and day out. Can you learn all of this on your own? Sure! But you will learn it so much faster working with people who already have that experience.

Mentoring programs don't work for everyone - ultimately, you have to really want it and be willing to put in the work - no mentoring program can give you that. If you have no idea how to get started, and want someone to tell you what to do, a mentor program can help. If you know what you need to do, but you're kind of paralyzed by fear because you aren't sure whether you are doing it exactly right, a mentor can be the safety blanket you might need to take the leap. Once you get over that and start getting deals, being able to pick up the phone and call a team of investors each with dozens of years of experience can be invaluable when issues arise that might kill your deal. Dave alone has been investing in real estate in South Florida longer than many people on this thread have been alive. 

Hope this longwinded response was helpful to you and others who might consider DREIA's program, and mentor programs in general. 

Best of luck in your journey!

I am also looking into Dave Dinkel's Mentorship. I was wondering what the cost of this would be? Do I need to put down a certain amount and then pay a monthly fee? Also can I drop out of this program if I can no longer afford it?

@Tyler Novak you should just ask Dave directly. These things are likely to change over time.

Disclosure: Mentor

@Tyler Novak I will send you a message with my contact info.  Just to summarize though, anyone that wants to apply for mentorship can do so here http://www.davedinkel.com/real-estate-mentor-program-application/.  I then set up a time for us to talk.  It's a time where you can interview me so to speak and ask any questions you may have and I can get to know what you are looking for ultimately.  I go over the specifics of the program then.  There is no obligation whatsoever and applying doesn't mean acceptance into the program.  Hope that helps. 

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