The Real Estate Arena? 13 posts by 7 users

Posted: 12/27/2006 at 12:05AM

Does anyone have any experience with Peter Vekselman and the Real Estate Arena? It seems that you can bird dog, or wholesale properties for them for pay. I wanted to ask if anyone has been or still is a PROPERTY LOCATOR for them and what their experience has been.

I am interested in wholesaling and rehabing, and am still wanting to learn all I can before I start. I am up to my eyeballs in debt so I don't have any capitol to start, and I want to learn to wholsale so I can pay down a bit of my debt, and get a little extra to start rehabing my own properties. Anyone in the Columbus, OH area who can offer any help or advice would be most welcome.

Thanks in advance for your responses.
-Jetmek02

Posted: 02/27/2007 at 11:34AM

We have 2 great REIA's in Columbus. I would strongly urge you to join at least one of them and attend every meeting. Learn all you can.

I've never heard of the real estate arena. You shouldn't have to pay anyone to be a birddog for them. Check it out carefully if you consider it. There are 1,000,001 scams out there.

Good Luck,

Posted: 02/27/2007 at 01:48PM

Thanks guys, for the quick reply! I guess I would have to agree about paying a company to birddog. I think they do provide you with some " training" and resources, but all that is right here for free! They are a member of the BBB online, so I checked em out and they have had about 3 complaints since they started a year ago...Just a fyi...
Check ya later; I'm off to the mentor thread!
Thanks again; and keep up the good work, biggerpo-Excellent forum!

Posted: 02/02/2008 at 10:01PM

I appreciate all the advice. I decided not to pursue involvement with THE REAL ESTATE ARENA. I am planning on paying off all my consumer debt first, then getting involved in real estate investing. While I am doing this I plan on attending one of the REIA groups here in Columbus and learn as much as possible.

Thanks again for all the great responses.

Posted: 02/03/2008 at 07:11PM

I have gone through a change in my employment since I first joined bp.com. A good one, but I have had to take a temporary pay cut. I am working a second job to make up the difference. I was ready to start investing and was actively looking at properties to flip when I got the opportunity to make this change in my full time career. During this process I learned that the way I viewed money and how to manage it was skewed and I needed more education and change in that area. I am in way too much debt for my salary and want to have some room if I end up having to carry a property for a bit before it sells.

There is way too much hype in this business. Hard to tell the sheep from the goats, if you know what I mean. I realize there is no perfect time, but at this point in my life it would not be a smart move. I know that if I would have bought a property in the beginning, I probably would not have done well. So I have been reading books, finding mentors, and taking this opportunity to learn more while I pay down my financial indiscretions.

In my industry, you don't fix airplanes by not reading and fully understanding the manual first. People can die. I don't want to kill myself financially because I blindly went into this over-hyped business. I don't have a problem going into debt for real estate, but I just don't want all this credit card debt eating up any more of my income. I know that investing involves risk, but I will not risk everything in hopes to pay it off quick. The tortoise beats the hare EVERYtime.

But thank you for the pep-talk! It does seem that I have been lurking on here for too long!!!

Posted: 03/04/2008 at 08:55AM

Hello,

This is my first time here, seems like a great site! I was also looking at " The Real Estate Arena" but after reading this post and being scammed out of too much money in the past, I don't think I'm going to try it.

I am, however, interested in being a property locator and would like more info on how to get started with no prior real estate experience.
Can you give me the exact thread you're speaking of in the above quote?
I can't seem to find it and there's a lot of info to sort through to find it.

Thanks!
Jeff

Posted: 03/09/2008 at 12:43PM

I get e-mails from Real Estate Arena on a regular basis, they send me properties that their members post up and are for sale, you can actually go on their website, and view properties that are for sale that members post up. A lot of people have joined, and even though this company have 3 complaints over a year's period that isn't a bad thing, most banks get more complaints than that on a daily basis. You have to keep in mind it's not the complaints but how the company responded to the complaint is what you want to look at. If you see they have tried to fix their customer's problem and did everything in their power to do so then you should be pretty happy with that, there are other companies out there that don't bother trying to solve their customer's problem, and some companies' higher ups can't be reached you always have to talk to a " representative" (a really crappy one at that), but with Real Estate Arena you can actually speak to the founding father, which is Peter. He'll give you his e-mail address, and his cellphone # if you want to talk to him about an issue you have. I know it may seem like I'm promoting Real Estate Arena, but I'm not a member and I can't promote something I'm not apart of. I'm a Bird Dog, I go on Real Estate Arena to find some pretty good deals members post up, and send the information to my Investors. I don't pay for it, and I don't have to be a member to do this, it's quick easy access, plus I find other Investors I can bird dog for. Real Estate Arena has it's pros and cons like all things in life my thing is it's fairly cheap, you can cancel and receive a refund at anytime last time I checked it's $19 for the first month, and $39.95 monthly afterwards, but it always changes so I don't know. You can always try it out and see for yourself if their training is worth the price, if not just cancel and get your money back plain and simple!