The Real Estate Arena
The Real Estate
Arena is an online membership website
founded by Peter Vekselman, a successful
entrepreneur and investor. His website
advertises a unique career opportunity as a
real estate Property Locator.
As a Property Locator you don't need to
have a real estate license or the money to
fund your own deals. The Real Estate
Arena will provide you training in how to
scout profitable real estate deals that
investors from around the country will
finance.
This arrangement allows you to work
closely with professionals in the real
estate industry and profit if one of your
deals goes through. According to the
Real Estate Arena your commissions can range
between $2,000 - $25,000.
However, the real value is supposed to be
in the experience you get from working
closely with pro investors. You'll get
a first hand look at their systems for
choosing and declining properties, and
eventually use that info to find your own
deals.
The Real Estate Arena program is
offered in two different price options
either $19 to start with a reoccurring $19
monthly fee or a one time payment of $76.
At these relatively low prices a lot of
aspiring RE investors have signed up.
There is mixed feedback about the quality
of the program provided by
therealestatearena.com. Some people
find it frustrating that after they put in
months of legwork none of their deals get
picked up by investors.
Moreover, it's difficult to act quickly
on a hot deal when you're not the primary
decision maker. Usually the truly
profitable deals get picked up long before
you have time to contact your investor and
wait for them to conduct their own research
on the property.
In the end, I would approach The Real
Estate Arena as a long term resource,
it's fairly cheap and you do have the
potential to learn a lot. However, the
prospects of making 100 grand a year like
they advertise are pretty slim. If you're at Reviewopedia.com because you're looking for a way to make money online then check out our article "7 Ways to Make Money Online" - methods that anyone can use to earn an income from home.
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