1000Houses.com Podcast

Peter Vekselmann is one of those people to whom doing the usual and customary thing runs contrary to the way he’s wired. Instead of going the traditional and culturally accepted route of getting a job after college and working his way up the corporate ladder, Peter chose the uncertainty of the entrepreneurial lifestyle, founding multiple successful businesses before ultimately settling on real estate investing. After building one of the largest and most successful real estate investing companies in the southeastern United States, he continued adding affiliated businesses to his arsenal and realized one day that he was pioneering an entirely new and successful business model: providing clients with one source for all their needs.

Peter began getting franchise requests from people who wanted to learn how to achieve the results he had without the trial and error of developing and implementing an untested business plan and making mistakes along the way. When one of his staffers suggested he make himself available to a student to teach his system in a one-on-one learning environment, Peter accepted and did that very successfully for a period of time. In the beginning, it was a markedly unstructured learning environment. Numerous students took advantage of his unorthodox coaching clinics. As he continued teaching students, Peter’s teaching methods got increasingly better and the number of requests for personal coaching grew. His real estate company and his holdings continued to grow.

Torn between a desire to continue investing in real estate and to coach investing students’ eager to tap into his knowledge so they could build businesses of their own, Peter once again found himself at a crossroads. It became clear that while he loved real estate investing, his true calling was in teaching others how to succeed in the rough and tumble world of real estate investing. Peter developed a unique curriculum that takes the needs of his students into consideration. Years later, he’s convinced that it’s working. Instead of a three day interaction with a student that barely scratches the surface of what he wants and needs to teach, Peter now gives his students a one year immersion into real estate investing – 12 months of practical hands-on learning. He’s able to teach everything he has learned about real estate investing and how to make money.

Whether the market is up, down, or somewhere in between, Peter loves teaching his students how to become self-assured, confident, and successful investors able to achieve their goals and surpass the expectations of what they hope to accomplish by investing in real estate. This is what he will do for you, using a Develop, Teach, and Do proven method. He looks forward to playing a part in your success.

What you’ll learn about in this episode:

Since 1980, Eddie Speed has dedicated his professional life to the Note buying industry, seller financing, and non-performing notes. He’s introduced innovative ideas and strategies that have positively impacted the way the industry operates today. Fifteen years ago, Eddie founded NoteSchool, which is a highly recognized training company, specialized in the teaching of buying performing and nonperforming discounted mortgage notes. He is also a principal of Colonial Capital Management LLC, which is a private equity fund that acquires discounted real estate secured notes.

In 2016, Eddie received the special recognition of being honored as the first inductee into the SBRE Hall of Fame along with the Think Realty Award of Distinction for Alternative – Asset Investor of the Year. Thus far, in 2017, Eddie has been awarded Mentor of the Year from the Note Investor Summit.

What you’ll learn about in this episode:

Since 1980, Eddie Speed has dedicated his professional life to the Note buying industry, seller financing, and non-performing notes. He’s introduced innovative ideas and strategies that have positively impacted the way the industry operates today. Fifteen years ago, Eddie founded NoteSchool, which is a highly recognized training company, specialized in the teaching of buying performing and nonperforming discounted mortgage notes. He is also a principal of Colonial Capital Management LLC, which is a private equity fund that acquires discounted real estate secured notes.

In 2016, Eddie received the special recognition of being honored as the first inductee into the SBRE Hall of Fame along with the Think Realty Award of Distinction for Alternative – Asset Investor of the Year. Thus far, in 2017, Eddie has been awarded Mentor of the Year from the Note Investor Summit.

What you’ll learn about in this episode:

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Rescuing small businesses is all the rage on television, whether it’s Jon Taffer with Bar Rescue or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers.

Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years, he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer.

And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.”

At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.

Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro­Private Equity Market.

Ace began working with first-time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.”

What you’ll learn about in this episode:

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Rescuing small businesses is all the rage on television, whether it’s Jon Taffer with Bar Rescue or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers.

Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years, he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer.

And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.”

At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.

Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro­Private Equity Market.

Ace began working with first-time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.”

What you’ll learn about in this episode:

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Rescuing small businesses is all the rage on television, whether it’s Jon Taffer with Bar Rescue or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers.

Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years, he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer.

And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.”

At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.

Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro­Private Equity Market.

Ace began working with first-time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.”

What you’ll learn about in this episode:

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Rescuing small businesses is all the rage on television, whether it’s Jon Taffer with Bar Rescue or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers.

Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years, he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer.

And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.”

At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.

Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro­Private Equity Market.

Ace began working with first-time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.”

• Ace’s background
• The story behind the 1st business that Ace bought – an internet-based business, called CoolWallStreet
• Why Ace targets deals under two million dollars
• Seeking out businesses that are already producing income
• What Ace looks for in businesses that he is considering buying
• Ace talks about his worst and best deals
• Finding a good business & partnering on a deal
• Why some of the best people to work with have a background in real estate
• Why you need to stay true to yourself

• REInvestorSummit.com/ace
• REInvestorSummit.com/capital
• REInvestorSummit.com/noteservicing
• REInvestorSummit.com/coaching
• REInvestorSummit.com/aof
• REInvestorSummit.com/101

Joshua Paschall is a 27-year-old entrepreneur who is originally from Bronx, NY and is currently residing in Atlanta, Ga. He flipped his first property for a $3,000 assignment fee in September of 2013 while living in an extended stay motel (practically homeless) and going through the roughest time of his life to date. Since then he’s gone on to doing over 100 deals, purchased a home for himself and his family cash (no more homeless) and has become financially FREE. Now he’s all about growing as a person mentally, spiritually, and financially. Also, he feels it’s his mission to help others who are going through what he went through just like his mentors have helped him.

What you’ll learn about in this episode: