Posted by Peter Vekselman Wednesday, 13 November 2013 05:44 No Comments
There are two ways to make money. Earned income and passive income.
So in a sense we all work to make earned income with the expectation that one day we can move into the passive income stage. The passive income stage is many times known as the “lifestyle” stage.
Unfortunately, the passive income stage is where so many people lose all their wealth. Because what they do is they make it in an industry they excel in, and then move that money into an industry they know nothing about and try the passive route.
You see this often with those that try to invest all their wealth into stocks or other various passive investments.
That’s what makes real estate so magical. It offers both earned income stage and passive income stage. For instance you can wholesale for earned and then do rentals for passive.
You thus stay in the same industry and remain the subject matter expert. The more you understand this industry the more magical it becomes.
When I work with my coaching clients I always help them set up both the earned income stream and a passive income stream.
If you are ready to hit the ground running and become my coaching client please contact me in one of the following ways:
To Your Success,
Posted by Peter Vekselman Monday, 4 November 2013 06:30 No Comments
I have always had an acquisition manager. Someone who is 100% focused on finding deals.
They work with realtors, locators, FSBOs, direct mail and all the other strategies we implement to find deals.
Their only goal in life is to find good deals for me.
Here’s my point. What if you could have someone do the same thing for you.
I know what you maybe thinking. You don’t have the money to pay them, or you are not in position to possibly buy everything they find you.
Well, I pay my guy commission only. So that’s not an issue. And since they work for you then you tell them what you are looking for. For instance, if you can only do deals that don’t require you put money into them, then that’s what you have them focus on.
Bottom line, you control what they do, and they bring you exactly what you are looking for.
This one person is a critical component to any beginning or savvy investor.
This along with other infrastructural aspects is what I help my private coaching clients set up. To learn more about what I can do to help you succeed in real estate contact me in one of the following ways.
To Your Success,
Posted by Peter Vekselman Monday, 28 October 2013 06:07 No Comments
What exactly is diversification? Some people contend it is having multiple income streams coming in at the same time. I contend it is the ABILITY to have multiple streams of income coming in.
I say you do not necessarily need each one of the income streams running on all cylinders 100% of the time. That is very difficult to do, and many times it is that fact that ultimately discourages many from staying diversified.
But, if you just have multiple things set up and simply focus your time on the one that is running on all cylinders at that particular time then you really benefit from true diversification.
So in real estate it may be: having the ability to lend doing deals doing some rehabs for others starting a small management company etc….etc….
Not all of these income streams will be profitable each month. But, which ever one is doing well at the time that’s the one you focus on.
These are just some of the concepts I teach my coaching clients and also help them to implement them. If you are interested in learning more about my coaching program please contact me directly in one of 3 ways:
To Your Success,
Posted by Peter Vekselman Tuesday, 22 October 2013 05:21 No Comments
Whether you have 10k to invest or 1m to invest you have to be creative in terms of finding deals.
I always consistent flow of deals coming to me through this one strategy. Lending money.
I know, you don’t like to be a lender. Too much risk and too long to get your money back. I feel the exact same way.
So what I do when someone comes for a loan I tell them the title has to be in my company name. That I way it’s basically my deal. They do all the work, and we split the profits. But the key is Iam totally protected.
So in affect they are not the borrowers but instead they become the birddogs.
Not sure if you know, but I am expanding my investment company into a few new markets. My partner Joe and I have done over 2000 deals collectively, still closing 5-10 per week, and done this in multiple locations.
We are looking for a few partners across the US who we can expand with.
To learn more please visit: https://joemccall.leadpages.net/apprentice-application-peter/
To your success,
Posted by Peter Vekselman Saturday, 19 October 2013 18:32 No Comments
Do you need short term money?
Nationally I lend 24 Hour Transactional Funding Only
If you have a AB BC transaction that needs money I can make that happen. BC Must be in place already. I charge 2k for every 50k I lend.
(fyi, if you do not know what transactional funding is, you don’t need it)
In Atlanta GA market:
I lend Transactional Funding like described above.
I will also lend up to 30 days on a deal per deal bases.
If you have a specific deal please email me the details. I need: how much you need full address of deal details of the transaction
I hope we can do some business together,
404 915 9685
Posted by Peter Vekselman Tuesday, 15 October 2013 03:57 No Comments
So sometimes even I get deals that are just hard to figure if they are good ones not. Sometimes the mixture of location, type of deal, rehab needed, etc make it hard to decide what to do with the deal.
So I let the market reveal the answer to me.
I just got these 2 commercial buildings that I’m trying to figure out if they make financial sense. Weird location, weird set up, weird configuration, just very weird deals all the way around. But I also can see the upside.
I got plenty of due diligence time on the deal. So I got my top sales guys getting this deal into the market place during my due diligence period.
The market will reveal to me everything I need to know. We will get feedback on the configuration, set up, location, pricing.
And when due diligence is about ready to expire that’s when I will make my decision about whether or not to proceed with the deal.
Just closed 2 deals yesterday! If you are interested in knowing how I can coach you to success please contact me directly and lets talk.
call me directly at 404 915 9685….I pick up my own phone or email me with your phone number and reason why you need a coach at firstname.lastname@example.org or learn more by going to www.CoachingByPeter.com/mki
To Your Success,
Posted by Peter Vekselman Friday, 11 October 2013 04:16 No Comments
Is it ever too late to walk away. No, never.
So I was just about to close on Browning St. Rougher property in rougher neighborhood. Many times it really doesn’t matter to me what kind of shape the deal is in when I close on it. But the key is to know your margins.
This deal only had about 5-8k of profit built into it. So any change in the numbers could greatly affect the deal.
On these deals my inspector always makes one more inspection before I close.
Yep, you guessed it. Break in, vandalism, just added another 10k onto the deal in rehab numbers. Deal dead…..
Sometimes it’s the very little stuff in this business that will eat you up. Make sure you got the systems in place to catch the little stuff.
I have now have done closer to 1500 deals in last 15 years. If you are ready and serious about your future and want to work with me one on one then it’s time we connect:
To Your Success,
Posted by Peter Vekselman Friday, 4 October 2013 03:57 No Comments
So I’m selling a rental property. The tenant inside has made it nearly impossible to get any new buyers inside to inspect. She literally on multiple occasions would not even open the door.
She has not paid rent for 4 months based upon unreasonable demands. I have literally spent thousands of dollars making her happy.
In the end, she now basically has a brand new house, she’s as happy as can be, oh and the real kicker is yesterday is she a NO pay on the rent roll.
Absolutely enough to drive someone to get out of this business.
The answer….you have to have multi dimensional business model set up. You don’t want to just have one thing going on in real estate. Because then you live and die with it.
That is why I always work with dynamic models that have multiple income streams, multiple strategies, and multiple deals always going on.
These types of models allow for the ups and downs of this business and the inevitable changes that always occur.
So this week I closed on 5 more deals. Now have done closer to 1500 deals in last 15 years in business. If you are ready and serious about your future and want to work with me one on one then it’s time we connect:
To Your Success,