All Forum Posts by: Justin Morgan

Has anyone talked to these guys?  Peter Vekselman and Joe McCall?

I’m always interested in ways I can plug holes in my business and farm out the things that I am not best at.  So I looked into Peter Vekselman and Joe McCall at www.realestateinvestingmastery.com

I ran across Joe McCall on iTunes Podcast and I listened to a number of them. Joe is doing a great job networking and getting his name know in the “coaching” industry with his products.

What really interested me in Joe is his approach on “PARTNERING” with other successful investors and growing their business while splitting profits 50/50. He does marketing (that he is good at) in my market and we split the deals I close with him. This sounded interesting to me as "direct mail system" are not my strong suit.... so I submitted some information online.

This morning I got a call from Joe’s partner Peter Vekselman wanting to talk about how we can “work together”. I shared my real estate story/history and then he shared what they are good at and doing.

1. Marketing.

2. Long Term Investments

3. Wholesaling or Flips.

The conversation was all about their success and what they are "going to do for me". (half of which I don’t need and already have in place)... but he did not bother to ask!

About 10 minutes into the conversation he went into how this “partnering” is set up…

Pay them $15k upfront and $1000 a month.

After a little more talking he said “can you see yourself participating in this?” I simply replied… “No. If I had $15k to throw at marketing and another $1000 a month, I could hire a few people, saturate my market and keep 100% of the deals”. Peter quickly said… “well it’s not for you, have a good day.”

I was totally BLOWN-AWAY… end of conversation that quick!!

So the warring I share is biased on this… do these guys really want to partner or do they just want your $15k and $1000 month? Are they willing to talk with those that don’t just roll over and pay them?

I like partners that 1. communicate and 2. challenge my way of thinking to find a better result.

I would have been open to hearing more about the “partnering” but the very second I did not agree with Peter Vekselman the conversation ended.

This makes me sad and very frustrated at the same time for the new or vulnerable investor that "roll over"!

Doesn’t sound like anyone I would ever want to partner with.

Hope my experience might help someone else looking into these guys!

Thanks @Jim Johnson that adds some good clarity as to why!

Hey @Rich Weese 

Southern Utah is looking scary to me.  I've sat on two rehabs over the $300k price range for way to long this year.  Sold one and made a small profit.  The other is under contract for 10% less than my February Comps and I will be losing money on it. 

Under $200k is the place to be unless you can sell at a REALLY, REALLY good price!  The scary market is $300k-$400K right now in Southern Utah. 

Found a "Subject To" deal on a Mobile home with financing in place from Wells Fargo.  Financing is 3 years mature. 

Wells Fargo just recorded Affidavit of Affixation two years after the Trust Deed...  

Can anyone explain what this is?

From reading the recorded doc it is means "it's not moving"... correct?

Sounds like a very good thing to me, but maybe someone can expound a little? 

What instrument gives the HOA the "right" to foreclose? The CC&R?

The "seller" is $5k+ behind from year 1... it is now 4 years later. The HOA has owned the home for the last 3 years. No payments have been made on the home for the last 4 years. The lender has filed and canceled 4 NOD on "the seller"... but the HOA owns the property.

I do Short Sales and this is a junker house we want to negotiate and buy but the "owner" is the HOA not the "seller" who contacted us.

My bigger questions is: What instrument gives the HOA the "right" to foreclose?

Have you heard of an HOA foreclosing on a property? (the property has Bank Liens)

This is Utah... NON Judicial foreclosure. The "Notice of Sale" says the HOA is foreclosing based on the CC&R's... I have a hard time believing this is possible but some Trustee did it.

The craziness is this is 3 years ago and the HOA has not done anything with the property. None of my title guys will insure it because of the underlying liens.

Thoughts on this one? 

What systems are you using to keep track of your business.

Lets start with a couple simple ones...

1.  Tracking and following up with Leads?

2. Adding Cash Buyers to your data base?

3. How about what system you use to track multiple direct mail campaigns over multiple months?

If there is one thing I need to do A LOT better at it is the above three... I would love to hear what you use for you "Systems"???  (software, excel, sticky notes, yellow pad)

I thought this was worth sharing...

You have to do the hard things.

• You have to make the call you’re afraid to make.
• You have to get up earlier than you want to get up.
• You have to give more than you get in return right away.
• You have to care more about others than they care about you.
• You have to fight when you are already injured, bloody, and sore.
• You have to feel unsure and insecure when playing it safe seems smarter.
• You have to lead when no one else is following you yet.
• You have to invest in yourself even though no one else is.
• You have to look like a fool while you’re looking for answers you don’t have.
• You have to grind out the details when it’s easier to shrug them off.
• You have to deliver results when making excuses is an option.
• You have to search for your own explanations even when you’re told to accept the “facts.”
• You have to make mistakes and look like an idiot.
• You have to try and fail and try again.
• You have to run faster even though you’re out of breath.
• You have to be kind to people who have been cruel to you.
• You have to meet deadlines that are unreasonable and deliver results that are unparalleled.
• You have to be accountable for your actions even when things go wrong.
• You have to keep moving towards where you want to be no matter what’s in front of you.

Source: http://www.businessinsider.com/hard-things-you-need-to-do-to-be-successful-2014-1

Welcome @Cameron White

Great to have another Utah Investor!

What price are you being quoted from HD?

Are you talking custom slab or the "in the box granite"?

You should not pay more that $40 sq. ft. here in Utah... installed and cut. I pay $34-$37 sq. ft. in Southern Utah.

If you are doing less than a slab, go for remnant and you should save $10 a sq. ft.

Bottom line... get other bids!