On today's episode of the InvestFourMore Real Estate Podcast I talk with Peter Vekselman. Peter was in the franchise business when he decided to sell out and get involved with real estate. Peter started investing in mobile homes, but eventually got into fix and flipping houses, and then wholesaling properties. Peter has built a business that does up to 10 wholesale deals a week in three different states. He has a unique approach to wholesaling that allows him to maximize the money he makes.
I have 19 flips in progress right now, which is the most I have ever had. There is no way I complete that many flips, write for the blog, do podcasts, and manage the other parts of my business without an awesome team. In fact I work less than 40 hours a week. I make sure the tasks I work on are things I enjoy doing and delegate everything else. Having a team has made me much more successful than I could ever be on my own. I am also much happier and less stressed out because of my team. I hear people say they don't want a team because of all the work it takes managing people and they can do the job better themselves anyway. Even if you like working non-stop by yourself, it is not smart and usually not maintainable. What happens if you get sick, get in an accident, or cannot work?
On today's episode of the InvestFourMore Real Estate Podcast I interview Courtney Newmans of Lima One Capital. Lima One Capital lends money to fix and flippers as well as rental property owners. They are currently lending in 44 states and working on getting approved in every state in the U.S. Courtney actually started working with Lima One because he applied for a loan with them as a house flipper. Courtney liked how they did business and ended up getting a job with Lima, but still invests himself. I discuss many topics with Courtney including how he got started in real estate, what loans Lima One offers, how the loans work, and much more.
Michael Burdett grew up around real estate since his mom was a real estate agent. He went to college for international business, but was drawn back into the real estate business after college. Michael hit the ground running as a real estate agent, and became very successful very early in his career. He worked with many investors and decided he needed to be a real estate investor as well. Michael started out by partnering with his father on a few flips, but has since flipped 25 homes on his own. Michael had also had great success investing in rental properties in the Maryland area. We talk about all of this on this episode of the InvestFourMore Real Estate Podcast.
Listing REO and HUD properties was a huge boost to my career as a real estate agent. It was also a huge boost to Rochelle Jones’ career who is my guest on this week’s episode of The InvestFourMore Real Estate Podcast. Not only has Rochelle become very successful selling REO and HUD properties, she has also built a fantastic business working with real estate investors including large hedge funds. Rochelle left her corporate career to become a real estate agent and loves every minute of the real estate business.