All Forum Posts by: Adrian Samborowski
Adrian Samborowski has started 6 posts and replied 36 times.
Post: Looking to house hack a 4 unit with fha loan need help in nj
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
@Mario Gonzalez i did the same thing you want to do last year. Use the FHA or the 5% down loans to buy your first property. In NJ don't go lower then 4 units. Look for properties in the 400K price range that rent for $1200 and don't need any rehabs. Talk to @Joseph Scorese about financing options, he is really good at what he does. After that you can keep adding one four family building every year using the low down payment strategy or move up to apartment buildings. PM me if you need anymore info.
Joseph Scorese
Joseph Scorese
Post: Section 8 rental properties
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
Contact your local office, list of all the NJ section 8 offices are in the pdf link below. Also ask them if they can provide you with a good local assistance organization that assists section 8 tenants in obtaining section 8 apartments.
This is the agency that I use. http://www.alternativesinc.org/default.aspx
Post: Investor Couple from New Jersey
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
Welcome to the forum, this place is great. Good luck in your new venture.
Post: New Jersey Wholesalers - Union County & Middlesex County
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
Hey Bill,
I'm in central Jersey also. I'm looking for rehabs and buy and holds. Also open to JV. We should get together one of the days.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
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.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
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.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
@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.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
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.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
Originally posted by @Account Closed:
@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.
Post: Dave Dinkel
- Investor
- Spotswood, NJ
- Posts 39
- Votes 3
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.