Real Estate Investor Training in Florida – Hear about Students’ Experiences
Dave Dinkel: Real estate investing has made more millionaires than any other business or profession. All of these individuals started with no knowledge of what to do and many started with no money and no credit.
I’m Dave Dinkel and I’ve been a real estate investor since 1975 – that’s 39 years but my personal greatest achievement is having been married to my wife, Nancy, for 50 years. First of all, I am passionate about real estate investing because of how it dramatically changes people’s lives. I have been asked to talk about what has been called “America’s Most Successful Real Estate Mentoring Program.”
We have been told this by national speakers who visit REIAs all around the country and see other programs. Much more importantly, our own students have told us this because of their personal experiences. Many of these students have paid as much as $70,000 for a single real estate course and never completed a deal before coming into out Mentoring Program. If you truly want the freedom and the lifestyle changes that you have only dreamed about, real estate investing can change your life.
Imagine how $5,000, $10,000 or $50,000 of instant income could affect your life. What about these amounts every month? In a few moments you’ll see real people just like you who have done exactly this and who all started with no previous experience, no money, no credit and were afraid of taking any risk!
I have to forewarn you – this is not a “get rich quick scheme” despite some students succeeding very quickly. This is not a program where you work 15 minutes a day and make millions of dollars. Successful real estate investors must work hard, either part time or full time to achieve their financial independence. Part timers should put in one to two hours a day and full timers at least four to six hours a day. How many hours a day are you working now to make your boss rich? But why not you instead of him?
As you become more successful you will work less and less and earn more and more but you have to start at the beginning. Real estate investing is not rocket science as some gurus would have you believe. My most successful students started with no knowledge and learned very quickly because our accountability team has over 120 years of personal real estate investing experience. We are still investors doing deals on a daily basis and this experience can become a “safety net” for you. We even help your build your personal buyers list so you can wholesale your deals quickly during the inspection period.
The Federal Trade Commission (FTC) requires that if I state an average income, I have to prove it with actual results. This is literally impossible in our industry simply because as students graduate and start doing deals; I speak with them less and less frequently. I do not intend to ask them for their tax returns to see how they are doing each year. But here are some facts as I know them.
Some students have never done a deal and we have coached them for years. Some students have done deals in a couple of weeks. One student, who I believe is our most successful student, has net profits of over $200,000 a month in Single Family Homes with no money, no credit and no risk on his part and he doesn’t do rehabs. A good number of our students have attained our super star status which is earning $50,000 a month or more.
None of the above students use their own money or credit for the vast majority of their deals. So, what is an average student earning? Frankly, I have no idea whatsoever, so I will say nothing for the sake of complying with the FTC regulations. Ask yourself, do you want to be just average? Or do you want to attain super star status? The choice is yours. You’ll have to work hard but making money is seldom easy when you first start out.
I want to take a second and mention that Nancy and I were awarded the first ever “Lifetime Achievement Award for Real Estate Investing” in December of 2013. What an amazing experience to be recognized not for selling tons of tapes and CDs and books, but for helping investors and students fulfill what I call their personal magnificence. Your personal change can start right now by simply making the choice to take action and get involved in our mentoring program.
What does it cost you to wait until everything is just perfect? Well, if your goal is to make $100,000 for the year, by waiting, it costs you $400 a day; can you really afford $400 a day? But what if your dream is like some of my students who have actually achieved their goal of earning $1 million a year? That’s $4,000 a day. Frankly, the longer you wait, the less your chance of success. So don’t wait until it’s too late. Make your life-changing decision now.
By the way, how much does your boss pay you for your life? What is your life really worth? $10,000 a month? $10,000 a week? Or $10,000 a day? The choice is yours. You are where you are because of choices, good, bad or ugly. As I say to my students at the end of our quick start class, “Let’s make history together!” The best part of that is that many of them make breathtaking lifestyle changes starting from where you are right now. Why not you?
Ray: Hi, I’m Ray Carabotta.
Dave Dinkel: Ray, you’re a student and you’ve had an exceptional deal that was just completed. As a matter of fact, the profit was over a $104,000. Now, tell us where you got the deal and just a little bit about it.
Ray: I got the deal from somebody I met through the DREIA organization. He had a package of some probate deals and I just started talking to him. He brought a package to me. I went to Dave and you know brought the deal to them and without them I definitely would not have been able to get this done.
I have invested in the past and I’ve always used traditional financing. I waited for the market to go up and then I would sell it. I actually got caught in 2008, 2009, I was very fearful of even, you know, getting back into the business but when I went to this, you know, to DREIA, I learned of how they operate and sure enough you know, 30 to 45 days later we closed that first deal.
Dave Dinkel: Let’s talk about the amount of money that’s involved. This was $850,000 purchase and what it was it’s sold for?
Ray: It was sold for 975.
Dave Dinkel: OK, so we’re talking almost a million dollars. How much money did you involved in that transaction?
Ray: I didn’t put any money into it. I don’t think I’ve ever given my social security. They’ve never seen my credit. And which is just smooth as it can be. I mean everything you guys talked about which I was a little bit doubtful at first but now, I’m a firm believer. Without this class, without going to this program, there’s no shot this would have happened.
Dave Dinkel: If you were going to tell somebody else that is coming about the program what would you say to him about it?
Ray: Don’t hesitate. Be fearless.
Dave Dinkel: Thanks very much, Ray.
Ray: You got it.
Dave Dinkel: Our program offers unprecedented access to your accountability partner and mentor. All of the contracting is done for you. You can be making offers, real offers, within a couple days after the quick start class. We give you all the “how’s and the why’s” of doing deals and focus on you getting started quickly. We provide proof of funds (POF) and may be able to fund your deals but we decide if a deal is a deal for funding purposes. We have a complete network of seasoned pros for the team you need to get started doing deals – closing agents, attorneys, contractors, appraisers, home inspectors, insurance agents, Realtors®, everyone you need locally for your support system. All of whom are ready, willing and able to help you succeed.
Our student selection process is by application only and not every applicant will be accepted. We are not doing this to become rich on student tuitions. We do it because we love helping people. However, our class sizes are extremely limited – usually eight or less individuals. Frankly, we choose to keep the classes small so we can spend quality, one-on-one time with each student as it is needed.
On this page you’ll see a tab that will take you to the Mentoring application (http://www.davedinkel.com/real-estate-mentor-program-application/). Please fill it out and return it by fax or email. We’re all what we are by choices we have made in the past. Now is the time to make the choice that can change your life forever. Return the application so you aren’t shut out for our next quick start two-day event. At this time, the mentoring tuition is $10,000 but it is subject to change without notice. What this tuition amount typically equals is the profit on just one deal. All you need is a single deal to get your tuition investment back. Our average deal’s profit locally is nearly $20,000, no money, no credit, no risk.
I developed what I call a “Trilogy of Truths” that students use throughout their daily lives. “It doesn’t matter.” “No more Excuses” and “I am Fearless.” Fearless does not mean reckless. As promised, next you’ll see a few of our exceptional students who mastered their personal destinies. But answer this question for yourself – “Why not me?” There is no reason why not you.
Hi, I’m Dave Dinkel and today we’re interviewing John Aaron. John happens to be one of our Mentor students who has been in the business for a while now. His goal when he came to me originally was to do a deal a week and I said to him that’s an aggressive goal but it can be done. And then in about six months now that he has been on the system, he’s gotten to a point where he is doing a deal a week. Now, tell us about your background in real estate investing before you came in.
John: Well, I was always very interested in investing in real estate. When I came here I was looking everywhere for it online, looking at different gurus, getting information from almost anybody who would give it to me. And then I find out about Dave Dinkel and his educational hours and I started getting into that and I found out about the Mentoring Program and I joined that in November and it has been great since then with Dave.
Dave Dinkel: We’ve given you all the support you need and more, haven’t we? And it has been working pretty well.
John: Way more. I used to email and call, thinking that he wouldn’t answer back and it was never a problem. It was always quick responses.
Dave Dinkel: One of the things that’s kind of the ultimate goal in our system, our mentoring system, is to do the $100,000 a month. We have a number of students who achieved that level. And once you achieve it, it’s pretty easy to maintain. Now, if you’re doing a deal a week, our average in commission or profits on these deals is around $15,000 to $18,000. So this month, you’re going to be closing four or five deals and you’ll be right at $60,000.
John: Yeah, around $60,000 yeah.
Dave Dinkel: So, he’s on his way and let’s just generally talk about what do you do? How do you do that?
John: It’s not easy. There’s a lot of work that goes into it, yeah.
Dave Dinkel: But again, if you’re earning $40,000, $50,000 a month…
John: Yes, it’s worth almost a little bit.
Dave Dinkel: A lot of people work 20 hours a day and they don’t earn that in a year.
Dave Dinkel: So the reality is it is hard work but it’s much rewarding.
Dave Dinkel: So, tell us some of the things you do. Some of the things…
John: The first thing I do is when I wake up in the morning is I make my offers, like you say. From that, I follow up by calling and emailing sellers and agents who I’ve made offers to. And that’s the most important part as you’ve taught us is the follow-up. You can make all the offers you want but if you don’t follow-up they’ll forget about you. So the follow-up is what I focus on the most.
Dave Dinkel: One of the things we like to talk about every once in a while is how long ago he started on a deal. And some of these are three or four or five months.
John: Yeah. Like the one in– so I did it was last year I think December or November and it just closed a couple of months ago.
Dave Dinkel: Yeah, it’s amazing.
Dave Dinkel: But that’s the key, that’s where the money is. So, we don’t have a specific deal in mind at the moment that we’re talking about because you’ve got a whole bunch of them going on but for aspiring potential students that might be coming onboard or people who want to get into real estate investing, do you have any comments for them?
John: Just stick with it. If you decide to do it, stick with it. If you have a month or a week that doesn’t look good, just stick with it. Listen to your mentor, Dave. They have done it before. They have been there before. If you stick with it, it will come out how you need it to come out. A lot of people quit like a lot of friends that I knew at the beginning. They are not doing anymore. They say it doesn’t work. This, this, that because they don’t listen. If you listen to what Dave says it will work 100%.
Dave Dinkel: How many deals do you think do you have in the pipeline right now?
John: Deals that I have in the pipeline now let’s say four to five.
Dave Dinkel: Now, did you know we’re closing?
Dave Dinkel: But in prospective deals, do you have any concept on that like 20 or 30? Do you keep– try to keep it in your pipeline?
John: Yeah, at least that, yeah.
Dave Dinkel: Yeah. There’s something else I want to ask you about. Oh, the other thing I want to mention was how many of the deals that you’re getting are listed deals?
John: I would say 60%, 50% that I…
Dave Dinkel: OK. That actually wind up being done.
John: Done. Yeah, yeah, yeah.
Dave Dinkel: OK, out of that 50% or 60% of the deals you’re doing, how many of those are you’re having to pay over list price because there’s so much competitive bidding from other investors?
John: Zero. [Laughter] I never paid over list price.
Dave Dinkel: That’s what we can’t get people to understand. The average concept is that it’s reinforced by the Realtors® is every deal that they have listed is going to sell higher than the listing price and you have to offer more. The reality is if you do, you can’t do anything with it. You can’t wholesale it.
John Aaron: Right.
Dave Dinkel: So, John thanks for being here. A couple of days ago, John picked up a check which he went over and cashed. I think he spread out all the money out on his bed. But thanks very much. Thanks for being part of the system.
To learn more about my real estate investor training in Florida and nationwide, click here http://www.davedinkel.com/mentoring-program/ or click below.