Peter Vekselman and Joe McCall

Justin Morgan · 2014-08-18T16:39:05-07:00

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.comI 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 Investments3. 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!

Loretta Owens

Riverdale, GA · Member since 2016 · 9 posts · 5 votes

9y

@Tim Herndon

I think the Clarity.fm will work great for me. I have checked it out and what's great, is that I can invite partners that I have teamed up with to dial in as well! What a concept, I think you are right Tim, this will be the wave of the future, get your questions answered and, only pay for what you need. Thank you so much for introducing me to Clarity.fm I will be passing the word on to my fellow Wholesalers as well.

1 Reply

Tim Herndon

Investor · Jacksonville, FL · Member since 2013 · 205 posts · 161 votes

9y

@Loretta Owens

Thanks for the feedback!

0 Reply

Tom Ziebro

Investor · Eldersburg, MD · Member since 2014 · 28 posts · 22 votes

9y

People are funny...Peter Vekselman is running one of the largest if not THE largest wholesaling operation in the Southeast U.S. (and growing) and is an extremely successful businessman, and people don't want to pay to learn from him and possibly be able to partner with him? I personally know him and several people who have partnered with him and they are crushing it with his system. It is funny reading these comments because if people knew how much he knows and how strategic he is in how he runs his companies and training, there would be a 10 year wait list to work with him.

By all means, keep reading books and going to free REIA meetings where 90% of the people have never done a deal...jut don't complain if you get "free" results.

I lurk on BP a lot and people act like every guru is the boogeyman. Certainly there are some bad eggs out there but not everyone who actually charges for their time and wisdom is shady. You will get the results from a system based upon your level of motivation and willingness to listen.

If anyone is genuinely interested in his coaching, listen to a podcast that he was a guest on or call him. Let's not make BP like the Crossfit cult where everyone else is wrong except for us...that leads to greater ignorance.

For the record, I do know Peter and several of his employees, students, partners, etc. but I have no business relationship with him or receive any compensation from him in any way. The only reason I commented here is because I couldn't believe how people could be passing over opportunities to work with/learn from someone who I see absolutely mastering this business. Google him in 5 more years...time will prove me right.

0 Reply

Michael Williams

Investor · Palmetto, GA · Member since 2014 · 190 posts · 77 votes

9y

@Scott Burke @Michael G. @Paul Holt -

Hey gentlemen I ran across this thread that started two years ago I was intrigued because I just signed up for the Peter Vekselman program and I can help everyone out. I am going through it now and I can pick up where Scott left off so if you all are still interested I will give monthly reports because I believe in paying for coaching. I can't speak for everyone but I don't agree with people that tell others NOT to pay for coaching. I truly believe that it depends on the person seeking the information. Scott admitted that he did not dedicate the time to the program that he knew he needed to dedicate. I don't think the decision of how you will decide to invest in your real estate education and your future should be predicated on if someone else succeeded or not. To me that's like not buying the car of your dream because a stranger told you that he had a bad experience with that same model. Make up your own mind, and if you fail pick up, regroup and try again. Don't let someone else failure or lack of dedication to a particular program dictate your decision. YOU decide what's best for you and implement according to the program. Sorry Scott that was not directed at you.

I have had several mentors, some free but most paid for. My wisest mentor always told me that if you can help someone solve a problem that's stressing them they will pay. Because in order to coach someone it requires Time, which is the most important thing in any humans life. You can't get time back. So in order to get rid of time wasters and lazy people charge them, because most people value money over time. Since my mentor value time more than money they require you to sacrifice some of that thing that you treasure most, which is money. So make them give up that one thing they place so much value on, Money (which isn't real). This is why it is so easy for me to pay for coaching because I value creating wealth so that I can buy back my time. A dating coach helped me get the love of my life, my wife. Best money I ever spent. I would not have been able to get a woman that is accustom to the finer things in life to stay married to me while I was homeless for 7 months trying to build a business without the proper coaching.

I have tried several programs from so called gurus and I learned a lot from all of them. Now I can take the knowledge I’ve learned from all of them and create my own coaching program in a few years once I make a little money in real estate. Then I will go make the real money and buy properties all over the world from people here on BP with the money I will be making from my high end coaching program. I already paid my coaching program coach or motivational speaker so the plan is in motion. It’s all about having a work ethic and long term plan.

But to make this long story short, let me know if this issue is still relevant and I will issue monthly updates, I’m always on BP.

2 Reply

Michael Williams

Investor · Palmetto, GA · Member since 2014 · 190 posts · 77 votes

9y

Originally posted by @Tom Ziebro:

People are funny...Peter Vekselman is running one of the largest if not THE largest wholesaling operation in the Southeast U.S. (and growing) and is an extremely successful businessman, and people don't want to pay to learn from him and possibly be able to partner with him? I personally know him and several people who have partnered with him and they are crushing it with his system. It is funny reading these comments because if people knew how much he knows and how strategic he is in how he runs his companies and training, there would be a 10 year wait list to work with him.

By all means, keep reading books and going to free REIA meetings where 90% of the people have never done a deal...jut don't complain if you get "free" results.

I lurk on BP a lot and people act like every guru is the boogeyman. Certainly there are some bad eggs out there but not everyone who actually charges for their time and wisdom is shady. You will get the results from a system based upon your level of motivation and willingness to listen.

If anyone is genuinely interested in his coaching, listen to a podcast that he was a guest on or call him. Let's not make BP like the Crossfit cult where everyone else is wrong except for us...that leads to greater ignorance.

For the record, I do know Peter and several of his employees, students, partners, etc. but I have no business relationship with him or receive any compensation from him in any way. The only reason I commented here is because I couldn't believe how people could be passing over opportunities to work with/learn from someone who I see absolutely mastering this business. Google him in 5 more years...time will prove me right.

Hi Tom,
Well said. I am having a great experience with him in the first 5 weeks. I have a solid buyers list, a house under contract, confidently making offers on properties and just got his list of inventory properties to sell to them for a 50/50 split. If i don't succeed with Peter, it's ALL my fault......PERIOD!

0 Reply

Scott Burke

Scottsdale, AZ · Member since 2014 · 2 posts · 10 votes

9y

Michael, I suggest you read my post again.

Never did I admit or even suggest that I did not dedicate the time to the program that I knew I needed to dedicate.

Here is the paste of the exact post I put up...and I stand by every word of it.

I contracted with Joe & Peter back in late 2014. Same deal paid them $15000.00 up front and $1000.00 per month plus the cost of mail. I had been flipping homes for many years and asked Joe and Peter to send 5000 cards every week but they said it was not necessary to send that kind of volume and I could expect a 7% response. From the start it was a bad relationship. The "systems" that were to be set up in two weeks actually took several months and even then were never done correctly. Peter and Joe were supposed to send 5000 post cards out for me every other week. Not one mailing ever went out on time every week it was a different excuse. Joe is impossible to reach by phone and in 3 months time I spoke to him once for about 1 minute which was a complete blow off. Once you wire the money to their company CH Holdings Peter stops answering calls - he does call back most every time but never offered any help and we never did any deals together. The weekly coaching calls do not offer any value. All calls I listened to all started with 10 minutes of Peter talking about how great he is and how his direct mail was getting a 10% response meanwhile the mail they were sending for me was getting less than 2%. Joe doesn't practice what he preaches on his podcasts he says answer your phones but the mail they did for me went straight to a voice mail number with a 4 minute recorded message. At one point Peter asked me my goals and I told him I wanted to do enough mail to consistently make $30,000.00 per month from wholesale sales and purchase 2-3 homes a month to fix and flip. Peter response was and I quote "your an idiot" you have no experience and do not have the staff to handle it. After that comment I never spoke to Joe or Peter again I cancelled my monthly subscription and started doing mail on our own. For $15,000 we did receive the following: list of cash buyers and real estate agents, zero value, Podio with full app suite value $50.00, 2 InvestorCarrot landing pages with spelling errors and incorrect phone numbers value Zero, 2 postcard designs value $50.00. Weekly group coaching calls qty 12 value Zero. You can save $15000 by subscribing to Joe podcast where he gives you all this "info" for free just shut off the last 10 minutes to avoid the "pitch" that comes at the end.

1 Reply

Gena Kirkwood

Wholesaler/ Investor · Springfield, MO · Member since 2016 · 55 posts · 20 votes

9y

BEWARE OF PETER VEKSELMAN COACHING: I got involved with just coaching from Peter Vekselman 9/22/16. I was contacted by someone in his office who turned me over to Frederick Weiner who is the supposed credit coach. He proceeded to help me get a credit cards requiring him to be on the account also. At that point he ran the cards up and over the limit (2 cards with a $5k credit limit). One card was ran up to $12k the other around $8k. Both cards allowed me around $1k each plus coaching fees. My fees were supposed to be $6,300 and I was charged around $9k. My coaching calls with Peter last 5-10 minutes and they are far and few in between. I need coaching that is consistent and doesn't have scammers on the team.

I have asked for a refund which was denied. I'm not sure how I can continue coaching with someone who is allowing part of his staff to scam people. Fred was supposed to pay off his part of both credit cards on 2/1/17. He is supposed to pay them this Friday and hopefully that will happen. I am in contact with another student who had even more credit ran up than me and still hasn't received any monthly payments. The payments that he did make have been late and many of them bounced and were reversed.

How did I allow Fred to be an authorized user on my credit cards that he helped me get? Because he said he was doing it for Peter's students. Lots of promises and "trust me" lines going on here.

If there are 2 of us trying to get our credit paid due to this coaching, I can assure you that there are many others!!! Please beware!!!

Peter is not concerned with this practice or he would be appalled and understand that you can't continue coaching with him after everything that has happened and should refund the $6,300 that put me further in deabt.

4 Reply

Will Beatty

Wholesaler · Lawrenceville, GA · Member since 2016 · 7 posts · 6 votes

9y

Hey, guys...

I just want to add a little something to the discussion here. I learned to find and make real estate deals from Pete Vekselman and Jeff Warneke (his then partner) back in the early 2000's. I don't know any of the other guys that have been mentioned in this thread. I'm not involved in his partnering program right now. In fact, I haven't done a deal with Pete in more than 12 years. I can say, however, that this guy knows real estate. I knew nothing when I found him except what I had read in a couple of books (It was all B.S. by the way). I was trying to build a buyer back-end by calling AJC classified real estate investor ads. I happened to call Pete. I told him I was trying to establish relationships with buyers and he asked me how many deals I had done. My answer was none... then he said "What if I show you how to find deals and then buy everything you find?". I said "I'm in!" I went to his office in East Atlanta the next day (which happened to be a house they had rehabbed). I met Jeff and they showed me around. They had about 4 or 5 computers with Win2Data subscriptions on them, phones, an office, and a conference room. Jeff and one of the other locators took me out; showed me how to identify potential off market deals and how to do ride-by estimates. I took right to it and got a lot of support from Pete, Jeff and a couple of the other locators. I closed my first deal within 30 days. Jeff lead us in the field, Pete handled the buyers and the admin stuff. They paid for the infrastructure, spent time training us, handled closings, put up the earnest money, and even provided proof of funds when it was needed. Some days Pete would go out into the field with a few of us. He would support us in convincing a seller if we needed him to. They would wholesale the deal and pay the locators 1/3 of the margin. There were about 10 of us locator guys but about 3 or 4 of us did most of the producing. I got to the point I was doing about a deal per week just off telephone prospecting. I eventually grew in my ambitions and left Pete and Jeff to start my own operation with my brother. Probably should have stayed a while longer with those guys because the back end was a whole different monster. We took some bumps before we got the hang of it.

Now... I can't say what's good for anyone else. But in evaluating Pete, you should consider what I'm sharing. I saw a lot of people come and go during my time working with Pete and Jeff. They didn't charge us any money to train us. They didn't withhold admin charges from what we earned with them. They didn't charge us for supporting on deal negotiations. They didn't charge us for providing proof of funds. They put up ALL of the earnest money on every contract. I saw a lot of people squander the investment that Pete and Jeff made in them. $15k is a lot of money, no doubt. I'm not saying its right or wrong. I'm saying if Pete is providing all of this support to his students, there is definitely value there. I am someone who made really good money and learned valuable skills with Pete Vekselman. I hope this is helpful.

Will Beatty

1 Reply

Kirk Brown

Real Estate Agent · Lafayette, LA · Member since 2017 · 3 posts · 2 votes

9y

Peter was an out and out jerk, I just spoke to him. 6500 now and 1,000 s a month. After 5 mins of his spill he wanted me to drop the cash.

Too many promises, best in the country at marketing, yada yada yada.

Stay away.

2 Reply

Gena Kirkwood

Wholesaler/ Investor · Springfield, MO · Member since 2016 · 55 posts · 20 votes

9y

@Kirk Brown - I made the mistake of joining and he doesn't give refunds either. See my previous post.

2 Reply

Loammi Cruz

Orlando, FL · Member since 2017 · 1 post · 0 votes

8y

Biased Opinion: By Loammi Cruz

I was just looking into joining the program, but before scheduling a call I wanted to see if I could get a cost for the program before hand so I was prepared. ( My eyes widened at $15k) .. I like what @Michael Williams said about making up your own mind, coming to your own conclusions and if you fail it's really your own fault. Programs and systems are nothing without exceution and keeping a certain state of mind. With that being said.

( Im biased and I'm literally always playing devils advocate )

Based off of reading this entire thread back to 3 years ago and still moving I think the program offered by Peter and Joe works. At least a good 60/40 ratio of people that swore the program worked and the other 60% that swore it didn't. I always base quality from the balance in good reviews and bad reviews. In this case the bad outweighed the good by 20%. I personally wouldn't buy into the program. Because I think the price tag is a bit much but I do believe in buying into a quality mentorship program. Of course! However, the 40% of people who said it was good I defend them because again the program could be good but the execution of how things are done are not well put together such as the misdemeanor, or lack thereof in character, qualify of execution in marketing, delivering timely postcards etc. Those types of things also play a role in the fullness of what is the program itself which is where majority of the 60% of people who disliked the program did not receive.

Sincere Biased conclusion: In the end, If you want a pricey mentoring program that may or may not be great. You have the money to spend it all the while keeping in mind that you may or may not be treated wrongfully and the execution process of the program may lack but if you are okay with that to be taught by very knowledgeable real estate individuals than this program is definitely for you!

0 Reply

Lynn Kupfer

Investor · Laguna Niguel, CA · Member since 2015 · 1 post · 0 votes

8y

Thanks for all the input. I, like many have paid for pricy mentoring programs and got 0 for it. I have no problem paying for education and/or mentoring to a reasonable extent. Most of the time I go all the way through the program before I realize it is not as simple as they say it is and I have wasted valuable time. I listened to his webinar as it came from a program I am doing with Airbnb formula(yes this is going well for me" "How to find more places than you will ever need to acquire properties" So I purchased the $497.00 program with a 30 money back guarantee. He has a fast start, which I am grateful for to get the big picture and all the parts that go into it. I kept hearing "we can do it for you" etc on many of the steps....then I heard if you are part of our coaching program. Red Flag!!!!! Upsell, buy more. I sent an inquiry as to what they are trying to sell...and got back "schedule an appointment" So I googled before I wasted any more valuable time and found this thread....thank you. I can see how this could assist in finding more properties for the other re I am doing....however the leads for that are easy enough without all the marketing they promote. However, like anything there are nuggets to take away and I will take those. Also, I will go through the bonuses to see if "what they promised" is there, as some of it could be useful. I will take them up on the 30 day offer and request a refund. Thanks for the heads up on the 15k. I spent that on 1 and learned almost little that I did not know and it was a "partnering" I will do the heavy lifting. I realize now, essentially it was a "bird dog" program....I see similarities here, you find it, we will partner. I would love to post the name here(of the person I paid the 15k to, however I think I will look for a thread on the "Guru" and post there.

0 Reply

Davean Williams

Member since 2018 · 1 post · 0 votes

8y

Hi Justin - 4 years later, this post has been extremely helpful in my research of Peter Vekselman. You nearly expressed verbatim my experience today... I'm hardly a novice, but it was clear that he wasn't interested in a true "partnership", only telling me how well off they are and getting my $2500 down payment.

This may be a good idea for someone total green to real estate investment, maybe.

0 Reply

Joe Yobaccio

Real Estate Agent · Pasadena, CA · Member since 2015 · 93 posts · 12 votes

8y

@Justin Morgan, I'm just now reading this thread, which has aged a but, but I am wondering if you ended up using your own lead system to wholesale lease options? That particular niche is one I am not familiar with....the assgingment of a lease option. I'm not even sure in this good market, if a lot of landlors would agree to a lease option, but I am looking forward to seeing if this is something you are currently doing and making a spread on the rent.

0 Reply

Joe Yobaccio

Real Estate Agent · Pasadena, CA · Member since 2015 · 93 posts · 12 votes

8y

@Justin Morgan @Joe McCall, I have been on the most recent wholesaling lease option webinars and am not sure I agree that there are motivated sellers and landlords in SoCal that would agree to lease optioning their home. I want any opinions, by my opinion, is that the market within a 2 hour radius of Los Angeles, to include Riverside and San Diego Counties, is still so good in the price ranges up to $500,000, that a house would sell quickly. For landlords, the rentals move just as quickly and I keep hearing there are not enough homes to rent. So, why would a property owner agree to lease option in this market vs. a market crash when things are taking month's to sell? @Joe McCall, you say you recently did some of these in Los Angeles?

0 Reply

Devin Martin

Real Estate Broker · Atlanta, GA · Member since 2018 · 7 posts · 1 vote

7y

All of these comments have been extremely helpful, but they are missing one thing? If not Joe and Peter then who? Who's program does work for flipping, mentorship, coaching, and process application? Any insight and help is appreciated.

0 Reply

Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

7y

Originally posted by @Joe Yobaccio:

@Justin Morgan @Joe McCall, I have been on the most recent wholesaling lease option webinars and am not sure I agree that there are motivated sellers and landlords in SoCal that would agree to lease optioning their home. I want any opinions, by my opinion, is that the market within a 2 hour radius of Los Angeles, to include Riverside and San Diego Counties, is still so good in the price ranges up to $500,000, that a house would sell quickly. For landlords, the rentals move just as quickly and I keep hearing there are not enough homes to rent. So, why would a property owner agree to lease option in this market vs. a market crash when things are taking month's to sell? @Joe McCall, you say you recently did some of these in Los Angeles?

that model is dead and gone on the west coast.. no question.. works in the hood though or burnt out landlords.. not nice retail ready real estate no reason for those folks to do this they can list and sell and be done in 120 days max.

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Lorenzo Harkins

Flipper/Rehabber · Las Vegas, NV · Member since 2014 · 27 posts · 8 votes

7y

@Justin Morgan so I just got off of the phone with this peter guy and writing this 5 YEARS later I can say I had the exact same experience. ( very rude ) Once I told Peter I already have deals coming in from wholesalers that I’m currently taking advantage of and closing on one within the week. All he said was wholesalers take advantage of you and I don’t think this is for you. I told him I would be interested in just the lending portion of the program and I would still be willing to pay. He simple he said I don’t think this is for you and hung up after again bashing wholesalers. Huge red flag for me. In my opinion if the money works I don’t care where the deal is coming from and why should he ?!? Very weird just surprised to see the same thing is still going on years later. My take away .... save your money people

3 Reply

Tony Blasioli

Rental Property Investor · Denton, TX · Member since 2018 · 37 posts · 44 votes

7y

Just got off the phone with Peter. The business model sounds awesome and I have to wonder why more investors with deep pockets aren't doing this for 50% of the profit. After allowing Peter to throw his best pitch, without me able to get a word in edgewise after letting him know that I am a career real estate investor/building contractor/developer, he got to the point where he said it is only $2,500 down and $1,000 a month and asked if was ready to be his partner.

Very directly, I told Peter that I had been listening to him carefully and was waiting for the catch, which I told him I found at "$2,500 down and $1,000 a month," which makes this a complete scam, in my opinion. If Peter had that much confidence in his ability to help me make millions and give him half of it, he wouldn't be begging me for crumbs.

All reading this should steer well clear of Peter Vekselman, or, for those convinced that he is legit, please send me $2,500 and I will send you my special elixir that I guarantee will have you sporting certain body parts that will embarrass livestock.

2 Reply

Aron Lerner

Member since 2018 · 2 posts · 1 vote

7y

Just put the phone with Peter. I had the same bad experience...
I offered him to pay him $2K a month instead of $1,500 a month but I need to see the results first...
When I told him how he can proof me it's not a scam. He told me goodbye and disconnected.

1 Reply

Joe McCall

Rental Property Investor · St Louis, MO · Member since 2009 · 83 posts · 234 votes

7y

For the record - and since this thread refuses to die on BP - I haven’t worked with Peter for a very long time... at least 3 years. We have very different coaching styles. I’ll leave it at that. ;)

2 Reply

Anne Jackson

Member since 2018 · 8 posts · 2 votes

7y

@Joe McCall I'll continue to keep this thread alive! Could you comment on @JayHinrichs comment "that model is dead and

gone on the west coast.. no question.. works in the hood though or burnt out landlords.. not nice retail ready real estate

no reason for those folks to do this they can list and sell and be done in 120 days max." Jay is saying that lease options are dead, yet I continually receive emails from you promoting this strategy. I would love your opinion!

0 Reply

Michael Anthony

Member since 2018 · 8 posts · 1 vote

7y

Looks fake to me . A complete scam

0 Reply

Catherine Coy

Lender · Huntington Beach, CA · Member since 2008 · 154 posts · 30 votes

7y

Whew! Glad I found this thread. My local REI is hosting Joe McCall tomorrow from 9:00-5:00 for $100. I thought, "Well, a hundred bucks isn't much," but it is when the guest speaker has such a dubious reputation. Thanks, Bigger Pockets members, for saving me time and money.

1 Reply

Dennis Michaels

Developer · TX · Member since 2019 · 2 posts · 0 votes

6y

wow what a great thread this is - tracking back 5 years now and still has life in it ..... grateful for all the posts as I most recently came in contact with PV and now what seems to be a "new" partner Julie......after spending some time on the phone with one of the "associates" and hearing what they offer....the investment into the "program" which includes them investing money into a given geographical area (of choice by me and their team) getting me leads to follow up on, all the paperwork/contracts needed to close the deal, then they would provide 100% of funds to complete project, they do the marketing and selling of project and then we split 50/50 - all this requires me to pay $1000 down and $1000 monthly for 9 months.....

i'm thinking not bad.....should b able to secure and close on at least 2 projects with 90 days of commencement....either wholesale deal or rehab deal.....combo or either......

if i am correct in my projection, i'm the winner in this relationship, as they/P and J are......

any thoughts or advise from the tribe is well received on my end....

thx yall

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Peter Vekselman and Joe McCall

Peter Vekselman and Joe McCall

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