TLDR – What’s The Verdict On Peter Vekselman?
Alright, for all you skimmers out there just looking for the bottom line on whether to pull the trigger on Peter Vekselman – let’s get into it.
No, I don’t recommend his programs or coaching.
Sure, he might have great intentions when he created Default Deals (and I’m not saying he’s out there to scam you).
While his system is legit, I don’t like the idea of hunting for people with financial problems.
Some people even said that wholesale real estate is “predatory” because it involves focusing on distressed properties that people desperately need to sell.
If you want to know about a program that helps me achieve my goals, without going to traditional real estate, check this out.
Who Benefits From Peter Vekselman And Who Should Stay Away?
If you are any of the following, you can go on and try Peter Vekselman:
- You are already a real estate investor and just want to have a general idea of wholesale real estate investing.
- You want ready-made templates and scripts that can help you streamline your operations.
With that said, Peter Vekselman might not be your guy if:
- You want a guru with a good reputation. His past programs have several fraud complaints from actual students.
- You don’t like surprises. On BiggerPockets, one student said that the $99 membership fee will quickly go to $9,500 if you continue the program.
- You expect real support and coaching. As this former student said, “I’ve reached out twice for help and got no help, I’m $3,000.00 in, and I would have learned more watching that money spin as I flushed it down the toilet.”
Peter Vekselman Coaching: 1,000 FT View Of This Business Opportunity
Business Model
Peter Vekselman teaches the real estate business model, specifically wholesaling.
Wholesaling in real estate is like finding a cool toy on sale at the store, telling a friend about it, and letting them buy it with a small fee so they can enjoy the toy without you actually owning it.
Easy, right? But real estate is a lot more complex than that toy. The hunt alone for distressed properties can take time and finding buyers is another story.
Wholesale real estate is not for the faint of heart.
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About The Guru – Peter Vekselman
Peter Vekselman moved to the U.S. at a young age. He is originally from Russia.
Despite facing challenges with language and schooling, he started his entrepreneurial journey early. He did odd jobs as a child.
It wasn’t until his 30s that he discovered his knack for sales and entrepreneurship. He had struggles in his career after graduating with a finance degree. Peter then found success in real estate investing. He faced setbacks early on due to misplaced trust in realtors and contractors. He suffered significant financial losses.
He rebounded by building a strong team, and turning his business around. He now teaches people how to become a real estate investor through an affordable program, Default Deals.
Peter Vekselman Net Worth
Peter Vekselman’s net worth is estimated at $5+ Million.
| Name | Peter Vekselman |
|---|---|
| Net Worth | around $5M |
| Education | Miami University for BS Finance & Real Estate Investing |
| Website | https://thevekselmanmethod.com/ |
Is Peter Vekselman Legit?
Peter Vekselman doesn’t seem to be a scam. He is legit.
While there have been some concerns about questionable deposit practices and customer service, they fall short of categorizing him as a scammer.
Peter offers genuine training, boasts a solid track record in real estate, and demonstrates realistic results with his latest program, Default Deals.
Personal Opinion On Peter Vekselman
If you’ve been hanging out here at ScamRisk, you know I’ve got a ton of experience dealing with money-making programs and gurus like Peter Vekselman. My insights come from hands-on experience with these programs.
Sorting through countless reviews with varying opinions can be a maze, but here’s my guide to evaluating a real estate guru like Peter Vekselman:
- Real-world Experience: Do they have the chops in the real estate business? Real-world experience speaks volumes.
- Community Support: Is there a private Facebook group or online community? You will need a support group when things get tough.
- Program Value: What are you getting? The value of the program should match its price tag.
- Transparency and Honesty: Are they laying it all out on the table? Transparency about costs, upsells, refunds, and the works is key.
- Public Feedback: What’s the word on the street? Check out what others are saying on Trustpilot, Reddit, or BBB for some real-talk reviews.
My Recommendation On Peter Vekselman
Let’s put the evaluation criteria to the test for Peter Vekselman.
Here are the top three reasons why I wouldn’t recommend him:
- Limited Community Support: Peter Vekselman lacks a private Facebook group or online community. This could be a significant drawback for individuals seeking support and guidance.
- Questionable Transparency: Concerns have been raised about the transparency and honesty of Peter Vekselman. Particularly when it comes to costs, upsells, and refund policies. A lack of clarity on these aspects can erode trust among potential participants.
- Complex Business Model: The journey to wholesaling real estate investing demands some serious time, dedication, and patience. Yet, there’s still no guarantee after all that effort.
Still hellbent on pursuing real estate? Aside from wholesaling, there are many types of strategies you can explore. You can check Brian Page BNB Formula for Airbnb business.
There’s One Day Flip reviews for flipping properties. For securing transactional funding, see Pace Morby Gator Lending.
You can learn to navigate through property taxes with Bob Diamond Overages Blueprint.
What’s Inside Peter Vekselman Coaching?
| Program Name | Default Deals |
|---|---|
| Price | $97 |
| Refund Policy | 30-day money-back guarantee |
| Origin | July 2020 |
| Website | https://www.defaultdeals.com/ddp-sq-v1-1 |
Default Deals is the latest offering from Peter Vekselman. Default Deals Training is a real estate training program to navigate the real estate market successfully.
Here, you can join a partner driven initiative that connects you with experienced real estate investors and provides insights from the real estate industry articles. The partner program facilitates learning about default deals.
You can learn to identify motivated sellers and secure profitable real estate deals for your real estate journey.
Here’s a rundown of the 5 training modules inside Default Deals:
Kick Start (Module 1): An introduction to the Default Deals program, outlining what you’ll be learning.
Deal-Getting (Module 2): Understand the 3 types of default deals and learn how to identify and pursue them.
Deal Structuring (Module 3): Gain insights into structuring effective deals through 5 training videos. Whether you’re a beginner or seasoned pro,
Dealmaking (Module 4): Learn negotiation essentials. This puts emphasis on first impressions, clever tactics, and evaluating the pros and cons of any deal.
Finish Line (Module 5): A “best practices” summary, insights into common deal-killing mistakes, and key takeaways to master Default Deals.
As a bonus, the program includes scripts, templates, contracts, and more to simplify your real estate goals.
Conclusion – To Buy Or Not To Buy
No. I don’t recommend Peter Vekselman.
I also would not recommend wholesaling to anyone.
The hustle remains constant, as you always need to seek out the next promising deal to ensure a continuous income stream.
It’s like a never-ending game. It requires ongoing effort and dedication to sustain success.
What Is My Top Recommendation For Making Money Online In 2024?
After diving into various business models and programs, Digital Leasing stands out as my top recommendation. It is best for beginners venturing into the online business arena.
Here’s why:
- Flexibility First:
- Whether you have an hour or want to go all-in full time, Digital Leasing offers flexibility. It’s dubbed “passive income,” promising less grind and more gains.
- Ownership and Control:
- Unlike wholesaling where you’re just a salesperson, Digital Leasing puts you in control. You own the assets outright, enjoying 90-95% profit margins.
- Low Startup Costs:
- Dive in with minimal upfront costs. You might even earn before spending a dime, and your first digital property could be up for less than $100.
- Minimal Ongoing Expenses:
- Bid farewell to high monthly expenses in the hunt for deals and distressed properties. Digital Leasing keeps it straightforward with minimal maintenance and costs.
- Easy to Duplicate:
- Once one digital property is up and running, doubling your income is a breeze with a few clicks, keystrokes, and maybe a call.
- Helping Real People:
- Beyond the numbers, Digital Leasing allows you to assist small local businesses, making money while making a genuine impact in people’s lives.
The choice is yours. Keep exploring, keep researching, or join a community of over 2,000 successful students embracing life on their terms with Digital Leasing.
Enjoy a steady, semi-passive income stream that doesn’t demand your constant attention.
Your success isn’t just about numbers – it’s about genuinely helping real people who are grateful and happy to pay for your services.
If a consistent, reliable income, flexibility, and making a positive impact align with your goals, click here to dive deeper into Digital Leasing.
