TLDR – What’s The Verdict On The Default Deals Training Program?
So, is the Default Deals program worth it?
It’s hard to say…On one hand Peter has decades of experience in the real estate industry so there are many nuggets of wisdom to be gained and on the other hand success isn’t guaranteed so there’s a chance what you learn may not reap any rewards.
It becomes a question at the end of the day of whether you can afford to spend your time and effort on a program where the business model is a hit and piece in terms of income?
Real estate is a complex business to get into, there are many things you have to learn in order to find success and that takes a lot of time. You’re not going to master it in a few weeks or a couple of months. We’re talking a year or two to understand it as a whole and a couple more years to actually be in a position to tell the difference between a good deal and a bad one at the smallest details.
It’s a learn-on-the-job type of venture where you’re going to have to go through several bad deals to get to a good one. So, imagine making consecutive bad deals in a row, and it’s been months. Do you have another source of income that’s keeping you afloat while this business gets up and running?
If the answer is no, then you’re taking a huge risk, especially if you have a family to take care of, then things get messy.
The stress of keeping food on the table and a roof over your family’s head can build up. This can make you sound desperate when negotiating deals, which can lead to you being undercut and settling for a small profit margin, just so you can manage the needs of your family.
I don’t want to be the person to get your hopes down but what you need is a stable source of income and wholesaling with Default Deals can’t get you it. Yes, you can get lucky and get up and running in a matter of a few weeks but personally I’m not going to rely on luck to take care of my family.
I have an alternative program I suggest where success is guaranteed and you earn an ongoing income each month unlike wholesaling where it’s sporadic.
With Digital Leasing, you can take a deep sigh of relief knowing money is going to come in consistently so you can actually live a stable life.
The best part about it is that you can literally start today and get a payment as soon as a fortnight!
Who Can Benefit From The Default Deals Program And Who Isn’t It For?
The Default Deals program could be for you if you:
- Are already a real estate investor who’s looking to explore the wholesaling strategy.
- Want to be taught by an experienced guru. Peter Vekselman has decades of experience in the real estate industry.
It may not be for you if you are:
- Looking for a guru with a clean reputation. There are many claims online about Peter Vekselman being a scam artist that has tarnished his image.
- Searching to enter a business model where success is guaranteed. Wholesaling doesn’t guarantee you success as it is subject to market fluctuations and intense competition.
| Area | Score | Description |
|---|---|---|
| Time Investment | 2.7 / 5 stars | The program can be completed fairly quickly as it only consists of 5 modules. However, trying to find and negotiate a deal on a property can take a significant amount of time. |
| Level Of Control | 2.9 / 5 stars | The only thing you can control is trying to find the perfect deal as the rest is dependent on the market, which is always fluctuating. |
| Ease Of Implementation | 2.8 / 5 stars | The program is well-structured and easy to follow since you’re taught by an experienced guru but implementing the strategies can be difficult due to the competitive nature of the market. |
| Profit Potential | 2.5 / 5 stars | How much profit you make depends on favorable market conditions. |
Peter Vekselman Net Worth At A 1,000 FT View
Peter Vekselman’s Default Deals program operates within the real estate business model, more specifically wholesaling.
Wholesaling in real estate involves a three-step process:
- Finding a property at a great price
- Entering into a contract to buy that property
- Selling the rights to that contract to another buyer
As a wholesaler you’re basically the middleman between the seller and buyer. You earn your money by assigning the contract to the end buyer at a higher price than you originally bought it for.
This strategy lets you make a profit without actually owning the property. It’s a method in real estate that has the lowest upfront investment but that also means more competition due to its low barrier to entry.
Peter Vekselman has made over an estimated $5 million dollars with this strategy.
About The Guru – Peter Vekselman
Peter Vekselman is a real estate investor who was born in Moscow, Russia and migrated to Ohio, USA when he was 8 years old. When he was in the states he was placed 2 grades below his age at school due to his limited knowledge of English.
Peter started working at an early age as he shovelled snow for $20 per house, he sold t-shirts and other apparel but didn’t realize he possessed entrepreneurial skills and that he should make a career out of it until after the age of 30.
He graduated with a degree in Finance from Miami University but failed to secure a job afterwards so he decided to sell radio equipment and insurance. Eventually he found his calling in real estate in the year 2000 but it wasn’t a great start as he lost $500,000 within 6 months due to trusting the wrong realtors and contractors.
He ended up losing another $250,000 he borrowed 2 months later but an idea presented itself and it was that he should build a team instead of relying on external partners.
Fast forward to today and Peter has sold over 3,000 properties and managed a portfolio worth over $10 million dollars.
How Much Does The Default Deals Program Cost?
There are two prices available on the internet, one is $97 on this website (not sure if the price is updated) and the other is $997 on Awesomely and is taught by Peter Vekselman and Julie Muse.
Does The Default Deals Program Come With A Refund Policy?
There is a 30-day 100% money-back guarantee available.
How Is The Default Deals Real Estate Training Program Different From The Rest?
There are a few strategies you can use in real estate and one of them is wholesaling. Let’s take a look at programs out there that teach you different strategies and how they compare to the Default Deals program.
BnB Formula – This program teaches you the short-term rental strategy of real estate where you provide temporary guests who are either on vacation or on a business trip accommodation. The program is self-paced so you can work around your busy schedule to fit it in.
However, the problem is that short-term rental income fluctuates heavily due to its heavy reliance on seasonal changes. So you may experience variations in income based on the season, location, and local attractions.
Astroflipping – You are taught how to flip houses which is buying distressed properties, renovating them and selling them for a profit. The program is also self-paced which appeals to those who have other priorities in their day to day life so you are given the flexibility to learn whenever you want.
The course offers lifetime access to the material, allowing you to refresh your knowledge at any time but the downside to this strategy is that there are low profit margins associated with it. Starting with a large amount of capital is necessary so breaking even is a challenge of its own due to the competitive nature of the market.
Virtual Wholesaling – This also teaches you the principles of wholesaling but the difference is that you find and close deals remotely. It’s a modern take on this real estate strategy but the thing is that it’s made to look easier than what it really is which can lead to expectations not being met.
Chris misses out some of the more important details so you may feel like you’re out of place when you finish the program and experience real estate as a professional.
Default Deals by Peter Vekselman differs from the Bnb Formula in that it doesn’t focus on short-term rentals. However, it shares similarities with Astroflipping and Virtual Wholesaling due to the same principles taught: wholesaling and flipping.
Virtual Wholesaling is priced the same as Default Deals ($997, Awesomely.com price), but it comes with upsells, whereas Astroflipping and BnB Formula are much pricier, hitting the 4-figure mark.
What’s My Personal Opinion On The Default Deals Program?
There are a few things you should consider before purchasing any program online:
- How much experience does the guru have?
- Is the program well-reviewed?
- Does the program provide high-quality information?
- Is there enough coaching time available?
Would I Recommend The Default Deals Program?
Based on the above criteria here’s what I don’t like about the Default Deals Program:
- There aren’t any reviews on trusted sites like Trustpilot and BBB that give a clear indication if Default Deals provides value to its students. The reviews that you do find online are mostly negative which further discredit the credibility of this program.
- The Default Deals program doesn’t have a coaching option which means students can only rely on the provided resources for support. This is a significant downside to the program as real estate is a complex industry to navigate and requires additional guidance.
I would not recommend this program due to the absence of reviews on trusted sites, making it difficult to determine if the program contains high-quality information. Additionally, the lack of coaching means students will miss out on direct feedback and personalized guidance, which are extremely important for success in real estate.
Is The Default Deals Program Legit?
I don’t think Peter Vekselman is scamming you with his program but it depends on how you see it…
You can make some money by using the strategies taught by Default Deals but how well they do in a competitive market is highly influenced by your ability to identify undervalued properties and negotiate deals.
And, coming straight out of a program, you only have theoretical experience of these skills, not practical.
You’ll be competing with far more experienced real estate investors who have years of experience and understand the legal complexities that are involved within the industry. In other words, they have an edge over you as they have been down in the trenches that you’ve still to go through.
Not only that but they have already built strong relationships with key players in the industry, such as real estate agents, contractors, and other professionals, giving them a greater advantage in sourcing off-market deals.
Imagine being in a room full of seasoned race car drivers and you’re trying to get a seat having just passed your driving test. Everyone looks past you and doesn’t give you a second glance. It’s a scary thought, feeling like an outsider in an environment where a track record commands respect.
The only way you get your seat is to showcase your skills and demonstrate your potential on the track but it isn’t after many races that you earn the respect and recognition. This is similar to real estate where you’re going to have to put in the work first in an environment where there are veterans at play and it proves to be difficult since they are light years ahead of you and have a well-established reputation.
Now, I’m not saying it’s impossible, it’s definitely doable but I prefer to look at it in a more realistic way. The only way to compete in a competitive market is to have an advantage over your opposition and with wholesaling you start at the bottom.
However, I’m not going to burst your bubble and leave you without an alternative. I suggest Digital Leasing for a less competitive entry to financial freedom.
With Digital Leasing, all you have to do is create a single digital asset, which can be done in as quickly as a couple of months and in return you could potentially receive $5k to $10k in ongoing monthly payments.
The best part of it is that you could double it or triple it as many times and scale your business to great heights with only a few clicks and keystrokes on your laptop.
You’re pretty much generating a safe and secure income stream with this program unlike what Default Deals gets you where you’re going to have to fight every day for a place in the real estate industry.
There are students of this program that are literally bouncing from one country to another, living their dream lives because the income they have generated with Digital Leasing is passive which means they have the freedom to travel anywhere in the world and stay as long as they like.
That’s the true meaning of freedom!
What’s Inside The Default Deals Program?
In the Default Deals program, you’ll be learning how to earn money by helping homeowners who have defaulted on their mortgage. Here’s what you get with the program:
- Marketing templates and scripts
- The Default Deal lead capture sheet
- The Default Deal contract and step-by-step video
- Converting Contracts to Cash training
- 5 Success Secrets video training
- Real World Default Deals decoded
- Copy of the Perfect Partner Playbook
Peter also has partner program called “Partner Driven” where you are taught how to close deals and make money in real estate. There isn’t a price mentioned on their website but according to sources online, it costs around the $10-$12k mark.
Conclusion: Peter Vekselman Coaching
Let’s recap:
- Success is not guaranteed with wholesaling real estate so the strategies you learn from the Default Deals programs may not reap any rewards.
- You earn an inconsistent income from wholesaling as it lacks stability due to the unpredictable nature of deal closures and market fluctuations.
- The business model is highly competitive and full of seasoned professionals having already established strong relationships with key players such as real estate investors and contractors.
- Real estate is known for its low profit margins, especially wholesaling where you’re cutting razor thin deals.
So, is the Default Deals program worth it? I don’t think so…
Everyone deserves to earn an income for the effort they put in, and the amount of work required in real estate certainly puts you at the top of the list for a deserving reward. Unfortunately, there are no guarantees, so uncertainty often looms over the potential returns for your hard work and dedication.
The highly competitive nature of the business model mixed with the inconsistent income if you do find success is a recipe for disaster and I personally believe your time and effort is better spent elsewhere where you can secure more predictable returns.
That’s why I prefer Digital Leasing over any other program. As we mentioned earlier, not only is it reliable, but you also don’t have to deal with market fluctuations that eat into your profit margins, as is the case with wholesaling where you’re constantly battling against the break-even line.
With Digital Leasing your profit margins are at a whopping 90-95% which is just astounding compared to how easy it is to achieve.
What Is The #1 Way For Making Money Online In 2024?
After exploring various business models, I recommend Digital Leasing for beginners entering the online business world.
- Flexibility: Finding properties, negotiating deals, building relationships with sellers, buyers and other industry professionals takes a huge chunk out of your time. Whether you have just an hour to spare or want to go full-time, Digital Leasing is tailored for “passive income” – more gains with less effort.
- Ownership and Control: Wholesalers operate by securing properties through contracts or purchase agreements but they don’t own the properties themselves, so they have limited control over the physical assets. This can lead to challenges in certain aspects of the transaction process. This lack of control is a key drawback. Digital Leasing grants you outright ownership of assets, ensuring control and impressive profit margins ranging from 90-95%.
- Low Startup Costs: Begin with minimal upfront expenses. You might even start earning before spending a dime, and your initial property can go live for less than $100.
- Minimal Ongoing Expenses: With Digital Leasing you can simplify things by minimizing maintenance and costs.
- Easy to Duplicate: As soon as you secured a deal, you’re on to the next one which means finding properties and negotiating deals has to be done over and over again to double your income. Once your first digital property is up and running, doubling your income becomes a breeze – just a few clicks, keystrokes, and maybe a call away.
- Helping Real People: Unlike the Default Deals program, Digital Leasing extends beyond numbers, allowing you to support local businesses and make money while genuinely impacting people’s lives.
The choice is yours. Keep exploring, keep researching, or join a community of over 2,000 successful students living life on their terms with Digital Leasing.
If consistent income, flexibility, and helping others align with your goals, click here to learn more about Digital Leasing.
