past 15 years in Atlanta because he believes in the market, particularly as an employment center with a lot of industry moving in. “The market is getting tighter. On the retail side it is getting tougher and on the investor side too because there are so many investors coming in,” said Vekselman. “We deal directly with owners only. I spend a lot of money on marketing. I have my own call center which is where I get my deals.” In fact Vekselman employs 14 negotiators at his sales center who identify potential For Sale By Owner properties (FSBOs) within a 100- mile radius of downtown Atlanta and negotiate the sales for him. He also has a couple of real estate teams that work for him that handle roughly 180 listings.
“I buy about 10 a week here in Georgia and we wholesale eight or nine and pick the best for myself and then fix them up and sell them,” he said. “The ones we sell ourselves we sell to the retail community. The ones we wholesale we turn around and sell to investors.”
merchant services industry. After that, he owned as many as 400 rental properties but now he prefers working as a short- term investor.
Foreclosure Falloff Working with FSBOs is a marked
difference from the way many investors were working around the country when
Prior to working in real estate, Vekselman owned a number of franchises in the
The market is getting tighter. On the retail side it is getting tougher and on the investor side too because there are so many investors coming in. We deal directly with owners only. … I have my own call center which is where I get my deals.”
PETER VEKSELMAN ATLANTA REAL ESTATE INVESTOR
RECORD SHARE OF ATLANTA FORECLOSURE AUCTONS SOLD TO INVESTORS MED IAN SALE PRICE PCT OF FORECLOSURE AUCT IONS SOLD TO THIRD PARTY INVESTORS
JULY 2017 | ATTOM DATA SOLUTIONS
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