Peter Vekselman Review (2023): Is Default Deals Training a Scam?

When it comes to the world of real estate investing, finding a reliable and successful mentor can make all the difference. Peter Vekselman, a Russian-born real estate expert based in Cumming, Georgia, is a prominent figure in the industry. With an impressive net worth and an extensive portfolio, he has earned a reputation as a real estate investing guru. One of his notable ventures is the “Default Deals” real estate training program, which focuses on wholesale real estate. 

In this review, we will delve into Peter Vekselman’s background, examine the Default Deals program, explore its pros and cons, and ultimately help you determine if it’s the right fit for your real estate journey.

Who is Peter Vekselman?

Peter Vekselman’s life journey is an inspiring tale of resilience and entrepreneurial spirit. Born in Russia, he and his family immigrated to Akron, Ohio, when he was just eight years old. Struggling with English and facing academic challenges, Peter found solace in entrepreneurship at a young age. He engaged in various ventures, from shoveling snow to selling t-shirts and hats.

Despite his early entrepreneurial flair, Peter’s true breakthrough in real estate investing came later in life. After earning a degree in finance from Miami University, he faced difficulties securing a job and found himself selling radio equipment and insurance. In the year 2000, he ventured into real estate investing, but initial partnerships with unreliable realtors and contractors led to significant financial losses.

However, Peter didn’t give up. He recognized the need for a strong team and shifted his focus to building one around him. This change proved transformative, and he went on to sell over 3,000 real estate properties, establish three successful real estate businesses, and accumulate an impressive portfolio worth over $10 million. Today, Peter Vekselman is not only a sought-after real estate investor but also a renowned public speaker and an expert quoted in various real estate industry articles.

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What is Peter Vekselman’s Default Deals?

At the core of Peter Vekselman’s real estate training offerings lies the “Default Deals” program. This program revolves around wholesale real estate, a practice that involves dealing with distressed properties and aiming for quick sales to earn a “finder’s fee.”

The essence of wholesale real estate is identifying motivated sellers who urgently need to sell their properties and finding buyers interested in purchasing these distressed properties at a low cost. As a wholesaler, your role is that of a middleman, helping sellers secure a quick sale and making a profit through the difference in price between the purchase and sale.

Peter Vekselman’s Default Deals

How Does Peter Vekselman Help You Make Money?

The Default Deals program is designed to provide students with a comprehensive understanding of wholesale real estate and equip them with the necessary tools and strategies to succeed in the industry. Through a structured curriculum, Peter Vekselman shares his expertise and experiences, guiding aspiring investors on their real estate journey.

The program covers various aspects of wholesale real estate, including identifying distressed properties, negotiating contracts, finding suitable buyers, and closing deals. It also offers valuable resources such as scripts, templates, and contracts to streamline the learning process and help students navigate the complexities of real estate transactions.

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Who is Peter Vekselman’s Default Deals For?

The Default Deals program caters to both new and experienced real estate investors. For beginners, it provides a simple and structured entry into the world of real estate investing. Through step-by-step guidance and comprehensive resources, individuals with little to no experience can gain a strong foundation in wholesale real estate.

Experienced investors can also benefit from the program’s valuable templates and scripts, which can enhance their existing real estate strategies and streamline their operations. The program serves as a valuable resource for those seeking to refine their techniques and improve their profitability in the market.

How Much Does Peter Vekselman’s Default Deals Cost?

One of the appealing aspects of Peter Vekselman’s Default Deals program is its affordability. The program is available at a cost of $97, making it accessible to a broad range of individuals interested in real estate investing.

The modest price point allows prospective students to explore the program without a significant financial commitment, making it an attractive option for those looking to test the waters of real estate wholesaling.

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Are Students of Peter Vekselman Getting Results?

The true measure of any real estate training program lies in the results achieved by its students. Peter Vekselman’s Default Deals program has seen success stories from numerous individuals who have implemented the strategies taught in the program.

Many students have reported making significant profits through wholesale real estate deals, with some earning between $5,000 to $10,000 per month on average. The testimonials from successful students add credibility to the program and highlight its potential for those willing to put in the effort and dedication required.

Is Peter Vekselman a Scam Artist?

The term “scam” is a serious allegation that should not be used lightly. While there have been some criticisms and complaints about Peter Vekselman’s business practices, there is insufficient evidence to label him as a scam artist.

As with any program or investment opportunity, it is essential for individuals to conduct thorough research and due diligence before making any financial commitments. Some criticisms have centered around issues with customer service and deposit practices, but they do not conclusively point to fraudulent activities.

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Praises About Peter Vekselman’s Default Deals

  • Successful Mentor: Peter Vekselman is a prominent figure in real estate with an impressive net worth and extensive portfolio, making him a reliable and successful mentor.
  • Affordable Program: The Default Deals program is affordable at $97, allowing individuals to access valuable training without significant financial commitment.
  • Comprehensive Training: The program offers a structured curriculum covering various aspects of wholesale real estate, providing students with a strong foundation and valuable resources like scripts and templates.
  • Success Stories: Many students have reported making significant profits through wholesale real estate deals, highlighting the program’s potential for those committed to the industry.

Criticisms About Peter Vekselman’s Default Deals

  • Customer Service Issues: Some customers have expressed dissatisfaction with the level of customer service and responsiveness from the program.
  • Deposit Practices: There have been complaints about questionable deposit practices and misrepresentation of program costs, leading to dissatisfaction among some students.
  • Learning Curve: Wholesale real estate can involve a learning curve for beginners, and the unstable income in the industry may not suit everyone.

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Should You Join Peter Vekselman’s Default Deals?

Deciding whether to join Peter Vekselman’s Default Deals program ultimately depends on your individual goals, financial situation, and level of interest in real estate wholesaling.

Prospective students should carefully consider the program’s cost and weigh it against the potential benefits and profits they could achieve through wholesale real estate. It is crucial to be aware of the risks involved, including unstable income and the learning curve for beginners.

Individuals who are passionate about real estate investing, willing to put in the effort and dedication, and prepared to navigate the challenges of wholesale real estate may find value in the Default Deals program. However, it is equally important to approach any investment opportunity with caution and conduct thorough research before making a decision.

In conclusion, Peter Vekselman’s Default Deals program offers a viable entry into the world of wholesale real estate, providing valuable resources and guidance to aspiring investors. While there have been criticisms and complaints, the program’s success stories and practical approach indicate its potential for those committed to making their mark in the real estate market. As with any investment opportunity, it is essential to approach with careful consideration and due diligence to determine if it aligns with your financial goals and aspirations.

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