All Forum Posts by: Peter Vekselman

There seems to be much blame to go around on the low success of our industry.  Many seem to point fingers at gurus, changing land scape of the industry, institutional investors, short sightedness of investors, lack of this and that and etc and etc.

In the end my personal conclusion is that a tiny percentage of people getting into this industry have really any idea what it really takes to become successful.  No one understands the price that needs to be paid.  The amount of time that needs to be put in.  The challenges and total dead ends they will encounter.

There is no one central playbook to success in this industry.  If there was, we would all know about it by now.

This industry is really no different then trying to be a professional athlete, an astronaut, top level executive, great entertainer, world famous scientist or surgeon.  Well, there is one big difference between investing and so many other things.  In our world, there is zero barriers to entry.

I see exactly what you are saying, but not sure I understand the point.  Bottom line, during the same time from pretty much everything has gone up in prices.  Food, cars, etc...   Don't think just because there are more people getting educated in real estate, that in itself has anything to do with prices going up.  

 Im confused.  Are you saying that a reason real estate has gone up in value is investors know too much.  and we need to dumb this industry down?  i dont understand...

 @Shawn Krieger

those that try to achieve success.  not just think about it, but actually put time and effort into it.

Realtors, doctors, athletes, teachers, limo drivers, governments, lawyers, pharmacists, police, actors, etc.  What do all these and many more professions and industries have in common?  They all have central authorities and boards to monitor, oversee and regulate the people that take part in these industries.  

Real estate investors do not have anything like this.  And Im not taking about the ultimate board, which is the law and government.  Im talking about specific board for the industry.

What do you think?  Is this good or bad for us real estate invetsors?

 @Mark Williams brilliantly said.  no question about it.  biggest killer of dreams in real estate is peoples inability to move forward...its crazy to think about how many dreams and goals lay on the road to success of real estate investing.  for those that have stood the test of time see many people simply give up and quit...

 @Jim K.  lol....so I have been in the same shoes as your friend....and i think maybe i did mortgage everything I had:)

@David Dey

this business needs more of people willing to do deals with their so called students.  that in my opinion is the ultimate way to learn and grow.  

@Andrew Syrios

i cant believe in todays day and age people look at real estate as an overnight success.  but you are right, many do.  overnight in this business literally equals luck.  and we all know that will run out sooner or latter.

 @Steven Foster Wilson your story sounds just like mine.  it took me three years to get to zero.  thats because I went backwards to a tune of almost $750k in the first several years.  i think to do this business in a vacuum and all alone is nearly impossible and in the end may not be worth it.  i dont think most people would put up with the hell I went through trying to build this myself...