I will be doing a series of articles on purchasing various forms of real estate that are fixer uppers in our terminology. So stay tuned I think it will prove to be an interesting series since we are dealing with so many of these properties these days. I hope you enjoy the tips and information and let me know what you think! Thanks Peter - Your Real Estate Investment Coach www.coachingbypeter.com
Buying Fixer-Up Homes
If you have decided you want to own your own home, you might consider obtaining the services of a professional real estate coach or mentor in helping you make a decision over which properties would be suitable for you. For instance, you may want to consider purchasing a house that you could fix up and make into a beautiful dream home. However, not all investments are a wise decision, and having a coach or mentor will help you protect your money and the time, especially if you do not have a lot of time to spend in building a location up.
In addition, a mentor or coach will help you broker your agreement by commenting on whether the deal is fair or you should renegotiate the contract. Many people may read through a contract but if you do not have an actual knowledge about what it is that you are reading means then you could be getting yourself into a very large amount of trouble and even debt. With the help of a mentor or coach you will get to have a second opinion from someone who knows what they are talking about so that you do not have to worry about the risks as your sign the contract that could mean your success.
Investing your money into the real estate business currently can be a decision that is very intelligent due to the amazingly low prices that there are currently and the fact that a few years from now those prices will be returning to the higher prices people had become to accustom to seeing. With the low prices that are being seen there are many people who wish that they could invest in homes, apartments and more to be able to fix and resell when the economy rises again but they do not have the money because of previous investments. This means that someone who buys currently while the prices are low and waits to sell until the prices are much higher is sure to get the returns that they hope for and come out ahead with the help of a mentor or coach.
A coach or mentor is able to help you know what you need to in addition to being able to make sure that there is nothing that you forget because of lack of knowledge or because of forgetfulness. This means that while you make your check list of what it is that you would like to be done or while you make y our plans you have someone there to reinforce you so that if anything happens you are not the only person that there is to call. This can be helpful because if you have work during the day then you will not have to deal with constant calls from construction workers or other workers that may be taking care of your house, apartment or other piece of pad that you may be building or fixing to sell or rent out in the future.
When is The Right Time to Invest in Real Estate?
Real estate investing is one of the hottest trends today. People from all across the nation are willing to put large sums of money into the market in hopes of reaping large benefits. While this has worked in an incredible way for some individuals, it has gone horribly wrong for others. One of the major issues that people run into will revolve around the timing of their investments. There are multiple factors that control when it is best for you to continue with your real estate venture.
Personal Economic Prosperity
If you are in a state of personal economic prosperity, you may want to look to invest in real estate. This means that you have enough money to purchase another home (through mortgage), and have the money to support the entire situation. This may be difficult for some to do (which is why many look for an investing partner). If you are economically prosperous, however, and want to find money to invest, it may be the right time for you.
As far as economic prosperity, you may want to wait until the area is also feeling economic growth. This is important, simply because you are going to want someone who is going to be able to purchase the investment in the long run. If there are a lot of economic problems, you may be walking into a market that will take longer for a investment turn around. You can still make money in times of high general economic prosperity, simply because prices will rise (and you can be there during it).
Downturn in Market
If there is a down turn in the housing market, you may want to consider investing in real estate. This may be a little harder, but it is something that should be considered by serious investors. This forces you to gamble with both time and money, but can be beneficial in the long run. The trick is to figure out the best time to purchase the property; do it too soon, and you risk being stuck with the investment for a longer period of time. Do it too late, and you may miss the upswing, missing some of the profits that you could have made. This is where a coach may come in handy; they can help you to understand the perfect time to invest.
Some people will be able to figure all of this information out on there own. Others will struggle to find the perfect timing. If you do not know how to figure out the perfect time for you to venture into real estate investing, simply talk to a professional. This is not a simple job; talking to a seasoned professional is crucial for those who want to make sure that they do not lose money, and are as successful as possible. Timing is everything, and that has never been more true than it is with real estate investing.
Peter Vekselman-Your Investment Coach
Real Estate Investment Mistakes
Real estate investment is a serious business and market that requires both research and knowledge. While many people get in into the market with all of this, there are others who have decided to simply jump into the process. This is where a multitude of mistakes can be made. Those who think that they do not need a coach, partner, or professional to help them will run into multiple situations that could easily have been avoided. Knowing these mistakes may help make it more important to find one of these professionals for your own real estate investments.
Budgeting Too Much
There are some people who will budget too much money for their real estate investment. They will budget for more money than they have, or they will budget for things that simply will not add value to the home. These different budgeting issues can do two things. They can waste money that will simply break even, or it will cause you to lose money that you do not have. If you cannot afford to pay the mortgage on the home, you will be unable to finish the project; budgeting for more than you have may cause you to dip into your rent, or vice versa.
Not Budgeting Enough
There are others who will run into the issue of not budgeting enough. They will not make a concrete, solid budget, or they will fail to budget for the right things. When they run into issues, they will realize that they have not budgeted for any unexpected monetary issues. If you fail to budget correctly, and budget enough, you can wind up in a rough spot with your real estate investment. Taking the time to create the perfect budget, through the help of a coach, is the only way to go.
Taking Too Much Time
Some people will simply not budget their time wisely. In the real estate investment business, time is money. The more you work on a home that you are intending to sell, the more money you pay through the mortgage. This can cut into profits. By budgeting the time in a specific way for all of the work that needs to be done, you can figure out exactly how much money you waste while paying for the investment. Sticking to this time budget is incredibly important.
Nearly all of these mistakes could have been avoided by working with a professional. By working with someone who knows what they are doing, you can walk into the entire situation with the knowledge needed. Some things are unavoidable; those unavoidable issues become mistakes when there is a lack of knowledge. When you are dealing with as much money and effort as you are dealing with when in real estate investment, seeking the advice of a professional is crucial. By doing so, you can help yourself to not only be successful, but avoid major issues during the entire process.
Peter Vekselman-Real Estate Trainer
The Benefits of Real Estate Investing
Real estate investing is something that can be incredibly beneficial to those who can afford to invest. Real estate investing requires skill and effort to become as successful as physically possible. Some will make a lot of money, while others will fail to break even on their homes. Even though this is a risky business venture to get into, it does have a large amount of benefits and rewards. Knowing the multiple benefits may help you to lean toward starting real estate investing.
Profit
The obvious benefit that comes from real estate investing comes from the money that can be made. Those who have managed to buy a home for a small amount, and sell it for a large amount see the largest profit. People will fix houses, and add to houses simply to get as much profit as possible out of the market. This benefit is generally unmatched by many other investments; you can make a lot of money by simply investing in a home. While it is hard work, it can reap large monetary benefits.
Experience
One major benefit of real estate investing revolves around experience. It is possible for you to work with someone who works with real estate investing before you jump into the market yourself. By gaining this experience, you can be as successful as possible when working on your own investment. People fail to think about experience as an important part of investing. The benefit of being able to gain valuable experience before jumping into your own real estate investment helps you to guarantee that you can be as successful as possible.
Work
To put it simply, those who like to work with real estate will love real estate investment. If you love the hunt, you will love looking for the perfect home. If you enjoy the work that comes with fixing a home, you will love the project. If you enjoy designing a room or house, or like adding onto and upgrading a home, you will enjoy the work. Real estate investing is a lot of work, but can be great for those who actually like the work that is involved. While some do it for the money, others do it for more reasons, such as this.
While it is a great investment to start investing in real estate, it can also be a risky and dangerous one. The only way to make sure that you can reap all of the benefits listed above is to make sure that you consult a professional. Talking to someone who has gone through real estate investing, and been successful at it, is the only real person who can help you to match that success. By talking to a coach who knows what they are doing, you can be sure that you are going about the entire process with the right steps in mind.
Peter Vekselman-Real Estate Investment Coach
Understanding Real Estate Investment Tactics
Real estate investment is an incredibly complicated process. Many people think that the only major part of the entire process is the money. While this leads to many of the complexities, it is not the only important aspect of the investment itself. Understanding all of the real estate investment tactics can help you to fully understand all of the different things that need to happen with one simple investment. Knowing these tactics front and back, and matching them with experience, is the only way that you can be sure to be as successful as you dream of being.
One of the major tactics of real estate investment is the tactic of value added. Anyone who is investing in real estate will want to add value to the home. This value is something done to the home that adds to the overall value of the house. The trick of the trade is to figure out how much value can be added to a home, and how much must be spent to get that value. The best types of value added cost the least amount, but add the highest amount of value. This is a major tactic of real estate investment, as it is a way to add to the profits that you are trying to make.
Fixing up the house that you have just invested in is easily one of the best tactics for those who are trying to make money through flipping homes. By fixing up the house that you have invested in, you will be able to sell it for a higher amount. This is crucial to those who are looking to make big profits; without adding to and fixing the house, you will not be able to gain on the house, unless you have purchased in a down market and are waiting for an upswing to sell the home.
One of the tactics in real estate investment involves working with an investment partner who has gone through the process before. By working with this investment partner, you can have the experience of someone who has gone through the ordeal. While you may bring your new ideas to the table, they can help you to understand exactly what is going to be successful and worth is, and what is not going to be able to help the profitability.
While these are some of the major tactics, they are not the only tactics. These tactics are also not listed in depth. The only actually way to make sure that you are getting all of the tactics down to a science is to work with someone who has managed to be successful before. By working with a coach or professional, you can be sure that you are working toward the end result in a way that has lead to a successful investment before. Without this coach or pro, you may wind up with lost money through a poor investment.
Peter Vekselman-Investment Coach
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I am a private, National Real Estate Investment Coach, with over 12 years of Hands on Real Estate Investment Experience. I will personally walk you through each and every step to insure your success!
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Press Release on Peter Vekselman Training Program - Click here to read
Investing in real estate is a serious business. But don't let all the negative news turn you away from significant wealth that awaits you in this market. I will train you personally to be ready so that you do not lose out when the market starts its upward cycle and it will! Always has, always will.
Be 2 steps ahead of the other investors out there by investing in yourself first and get the real estate training and mentoring that you will need to succeed. Don't go it alone, especially now.
Give me a call and I will personally discuss a customized real estate investment training plan to fit YOUR needs.
See what people who know me have to say about my background and the way I do business:
Most of us are so afraid of venturing into uncharted territory that we never take a risk and as a result we fail to reap the financial rewards and personal satisfaction that comes from trying something new. However, for Peter Vekselman, going his own way and prudent risk-taking has been the secret to his success and has played an instrumental role in his development into a business leader.
Many people are misled by coaching programs full of promises only to find out they are delegated to junior assistant who is unable to teach you hands on profitable strategic aspects of Real Estate techniques. One of the hardest things about real estate is the implementation stage and It is then where costly mistakes occur.
There is money to be made in Real Estate. My experience and knowledge base will unlock YOUR SUCCESS.
For the first two months, Peter will coach you in person or by phone, teaching you the business his way-the way that works in any real estate market in any part of the country.
Be prepared to study hard, because you'll work your behind off!
From due diligence and market analysis, lead generation, advertising, using software and technology to estimating repair and rehab costs to cash flow analysis to business structure and making offers-Peter Vekselman will teach you his secrets. His secrets that have made him a millionaire!
Don't be misled by other coaching programs that promise you a "guru prince" and deliver you a junior assistant frog. Peter is going to teach you, personally.
For the following ten months - Peter will be at your side, either in person or by phone, when you go into the field to put into practice the techniques you've learned.
"One of the hardest things about real estate is the implementation stage. It's when you go out into the field that you make all the mistakes. I actually support my students while they are out in the field and thus prevent them from making those potentially terrible mistakes. My clients always have their answers just a phone call away."
Peter Vekselman
Peter Vekselman's Bio: Pioneer Real Estate Investor
After successful stints as an insurance agent, owning a vending machine distribution company, and even a mobile home dealership, Vekselman discovered that he had an interest in real estate. Deciding that his mobile home dealership was a natural first step into real estate, he attended a real estate investing seminar that provided the impetus for him to make the leap.
Unfortunately for Vekselman, while the seminar did a good job of selling him on the benefits of real estate, it failed to deliver on its promise of giving him the tools he needed to succeed. Determined to leave his mark on the real estate world, Peter Vekselman tried to hit the ground running -- and succeeded in running headlong into one of real estate's most enduring and closely held secrets: it's one thing to know something; it's another thing to do it.
During his first six months of active real estate investing, Vekselman made every mistake that an inexperienced investor to make, and in the process managed to lose more than $500,000. His lack of knowledge caused him to overlook the importance of understanding property values; consequently, he dramatically overpaid for property. In addition, he worked with realtor's that didn't truly understand his needs and he also made the mistake of working with contractors more skilled at separating him from his money than doing quality work.
Because of all the mistakes he made during that six-month period, he was able to obtain a doctorate level real estate investing education at lightning speed and was able to learn from his mistakes and turn his business around. Drawing on his business experience, and by making a series of shrewd real estate investments, Vekselman was able to develop one of the largest real estate investing companies in the southeastern United States.
While he worked hard, Peter Vekselman also believe in working smart. He only had a staff of three, but he was able to consistently close between 200 and 250 real estate deals every year. Purchasing property at a steep discount and immediately flipping it for a profit kept the company in cash, which allowed him the luxury of holding on to his other properties for long-term equity appreciation and monthly cash flow.
Because of his deepening passion for real estate, he found ways to close deals that other investors wouldn't touch. Primarily using institutional financing and cash, he invested in every conceivable form of real estate:
•· Houses
•· Apartments
•· Condo Conversions
•· Commercial Property
•· Land Deals
•· Small Developments
Because of his positioning in the marketplace, Vekselman was able to attract the very best deals. Furthermore, his keen understanding of current trends allowed him to quickly analyze and act upon new opportunities while others were still in analysis mode. He had one of the most profitable, self-sustaining real estate operations in the Southeast United States.
In order to keep growing, Vekselman did something that at the time is almost unheard of: he formed his own construction company in order to increase its profitability and get his properties rehabilitated and back on the market more quickly. Before long, the construction company expanded and began doing work for others.
Sensing a need in the marketplace, Peter Vekselman was able to raise about $9 million in private money and he began funding real estate loans for other investors. By giving his private investors a good return on their investments, he was able to further expand his real estate empire by lending money out and earning a good return on the spread.
Vekselman also saw opportunity in the Property Management niche. With his wealth of real estate experience he decided to parlay his knowledge of managing his own properties into opportunity by opening his doors and managing residential and commercial property for others.
Peter Vekselman's foresight in seizing opportunities as they came along allowed him to develop one of the first one stop shop real estate concepts in the U.S. What made this concept so unique was the fact that all of his real estate services were available under one roof. Instead of referring people to related businesses across town or even down the street, he was able to refer them down the hall.
After his impressive track record of consecutive business successes, Peter Vekselman made what seemed the most logical transition at the time: He decided to begin sharing his knowledge with students all over America, teaching others how to capitalize on their dreams of real estate investing riches.
Peter currently works with real estate investor clients all over the US www.CoachingByPeter.com .
Sometimes it's not what you know but who you know, Peter will share twelve years worth of business contacts with you. He'll introduce you to the movers & shakers, the top-flight contractors, leaders, realtors, brokers, appraisers, attorneys & investors.
Never again will you have to wonder where to turn--you'll know the best in the business. And they'll know you!
"After I was coached by Peter Vekselman, I made $450,000 on one deal"
Mickey Steward
"I have been working with Peter since September 2001 and have had nothing but success since that time. My income in investing started 2001 at 85k and went up to 150k the following and has not been lower than this amount since. My most successful year was in 2005 where I made 265k. Peter is an excellent mentor and coach to start your real estate investing career with."
Tim Mitchell
"Being taught by Peter Vekselman is awesome. On my third deal I made $2,000. And all I did was just find the deal. Thanks for everything!"
Abeeku Rebiero
"I made over $21,000 on a deal. Working with Peter is the way to go."
Derek Patterson
"Pete promised me ongoing support. He has delivered on that promise. Thank you for taking me by the hand and showing me the way."
David Kim
Hey Peter,
I used to see a DVD or attend a seminar and be chock full of good ideas, but having no clue on how to actually implement them. Now, I know how to make it work.
I do the market research, testing methods and-- more fundamentally--I get it. I know what real estate is really all about. Markets. How to identify them, understand them and reach them with the right message that attract both sellers and buyers.
I've just keep accelerating. I've had a few bumps and plenty of late nights putting it all together, but this has been one great ride so far and extremely rewarding to my bank account balance to boot!
Larry Johnson
Peter was a godsend to us. We've been looking for a real estate mentor to guide us in the real world. Peter is extremely knowledgeable in every aspect of real estate. He's legit and a solid mentor. Peter's insight goes way deeper than the stuff written in those real estate investing books. He's always only a phone call away when you need him. If you want to learn street moxy real estate, Peter is the man. We are very happy with our progress and with Peter's help we know we will succeed with his "no matter what" strategy.
Jesamine and Paul Montufars
YOU CAN MAKE MONEY OR EXCUSES, BUT YOU CAN'T MAKE BOTH!
"Peter, as a coach, takes the time to cultivate the relationship. Unlike numerous other Real Estate GURUs who make their money from seminars, manuals and CDs, he is out in the field making deals daily. He has discovered a system that works and that works consistently! If you really think about it, any real estate investment coach should focus on giving you repeatable results, not just something that may work for a few select people. There is no doubt, that the education and mentorship I'm receiving by working with Peter is exponentially more valuable than the payouts I'll receive from making a few deals. I am able to actually strive to learn and improve on an on-going basis over time. Failure is not an option!"
Marc Mitchell
We have been working together for about 3 months now and I have to say, I've learned more about Real Estate Investing in these last 3 months then I have in the last 3 years! If you are new to real investing, and you want to learn how to invest correctly, then look no further. I have been trying to do real estate investing for the last 3 years before I met Peter. I've bought so many books and CD's on the subject. I could never wrap my head around it complete. What really caught my attention were the words "fundamental of investing" I've been to seminars form California to Texas, and not one of these so call real estate investment seminars ever used the word fundamental. He has changed the way I look at real estate in a good way, they right way!
Kenny Malabag
Peter Vekselman has been an outstanding real estate coach and mentor/professional and knowledgeable about what he teaches and does. He's a man of honesty & integrity. We are truly excited to be working with Peter.
Jamal & Sara Joffrion
Your coaching program has helped me truly understand what it takes to succeed in real estate. Your one on one approach and keeping it real style is what I admire the most. Now that's something I truly appreciate. I look forward to continued success working with you.
Jomondre Frink
My goal working with Peter was not only to learn but to capitalize on the current market. 30 days into the process I have already bought two deals with tons of equity and great cash flow. Pete's techniques and strategies are second to none.
Ezhelan Ramarajan
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