Peter Vekselman
-
Why You Want Bird Dogs Finding You Deals
Whether you’re a novice real estate investor or you’ve been at it for years, real estate investing is an endless series of challenges. First, you have to locate motivated sellers. Then you have to buy it right, manage it even better, and still find a way to turn a profit. To top it off, you have to try to do all these things while simultaneously juggling the myriad other details of your life while laying the groundwork to become a full-time investor.There just isn’t enough time in the day, is there?Wouldn’t it be nice if profitable deals would almost magically…
-
The Value of Long-Term Rentals
Regardless of what specific real estate investing strategy you employ in your business, real estate represents the single best method of creating long-term, sustainable wealth available today.While the stock market can be extremely explosive and subject to radical day to day shifts in value based upon economic news, oil prices, and political instability around the world, real estate is remarkably stable and has consistently trended upwards in value for the last 100 years. While it is true that real estate values have taken a severe kick in the teeth as of late, investors utilizing a buy and hold strategy are…
-
The Importance of Knowing Your Local Real Estate Investing Market
How well do you know your local real estate market? The answer to that question will have a lot to do with whether real estate investing provides a lucrative future for you and your family or rueful memories of what might have been.By knowing your local real estate investing market, you’re able to keep your finger on the pulse of your local community and to stay abreast of changes in trends, sales prices and rental rates. Knowing immediately about these changes is critical to your investing future. Here’s how each of these three areas will affect your future:Trends – National…
-
Teachable Moments: Getting the Most Out of Mentoring
Real estate investing is one of the best career choices you can make because you can essentially determine your own income and success level based upon how well you apply the education you’ve received. If like most successful investors, you’ve decided to put yourself on the fast track to investing success by enlisting the help of a good mentor, I’d caution you not to do anything that could jeopardize your success or hinder your progress while working with your mentor. Here’s how to get the most out of the experience.Listen – Your mentor has a wealth of experience that you…
-
Let’s Talk Due Diligence….It Is Vital for Real Estate Success….Right?
Wikipedia: “Due Diligence” is a term used for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.”Can you say with confidence in your business that you practice Due Diligence in all phases of your business? How do YOU define…
-
Investment Math: Investor + Realtor Loyalty = Success!
You may be reading in the real estate blogosphere and hearing from the experts out there, that now is a great time for real estate investing, due to the incredible amount of deals and foreclosures that exist across the country. Banks are giving homes away.I do agree as I work with these deals all the time. However real estate investing can be a risky business and a very slippery slope. One thing that is indisputable, investing in Real Estate involves MATH.Yes our favorite subject. But it is really quite easy and Here it is:INVESTOR + REALTOR LOYALTY= SUCCESSFirst, you must,…
-
How to Work with Realtors
Working with real estate agents can be a challenge if the agent you’ve selected isn’t aware of your needs in acquiring property. They’re accustomed to selling at retail and any deviation from what they consider normal can jeopardize what could otherwise be a great working relationship. The good news is that you have the power to provide the education – if you’re willing to take the time. Here’s how you can do your part.If you’re trying to work with a real estate agent that has never seen – much less worked with – a real estate investor, the first thing…
-
Establishing the Value of Real Estate for Explosive Profits
You’ve located the property that you are potentially interested in purchasing, have looked at it, and determined that it meets your basic investing goals. Before you pat yourself on the back for a job well done, you need to establish its value to avoid potential financial disaster. If you take the word of the seller or the county tax rolls to establish its value, you could lose your shirt, especially in a real estate market that has seen values drop by tens of thousands of dollars within a matter of months.Depending upon the kind of investor you are you’ll utilize…
-
A Good Mentor Can Hold the Keys to Your Real Estate Investing Success
Whether you’re just getting started down the road towards fulfilling your real estate investing dreams or you’re a little more experienced, a good mentor can get you closer to the realization of your goals by showing you some of the tips, tricks, and other shortcuts that have fueled their success.The problem many fledgling real estate investors face – and some with a little more experience – is self doubt about their ability to put together profitable deals, as well as having numerous questions about when certain techniques would be most appropriate.These doubts and questions can easily be alleviated by knowledge,…
-
A Coach For All Seasons
If you interview just about any successful real estate investor you’ll typically find they have drive, determination, and stamina, but every good investor also has a strong advocate in their corner, watching and encouraging them every step of the way. The most prolific investors have a coach – or mentor – giving them solid advice and helping them to avoid some of the roadblocks, detours, and traffic jams that can delay or prevent their coronation as successful investors.There are four stages of investing where coaching makes sense:1. Before You Get Started – At this stage of your career you have…
