New “WREIA Book Club” Book at Meeting Tonight

Never Eat Alone: And Other Secrets to Success, One Relationship at a TimeWe will be distributing our new WREIA Book Club book tonight at our April Meeting.

If you are a WREIA member, you can pick up your copy tonight.

Pure and simple – “Never Eat Alone” is a fantastic book.

In the first pages, there are countless examples of how the successful build the professional networks that help them reach their goals.

Just a few paragraphs into Chapter Two – one statement jumped out at me and vividly describes where we are in this economy.

“Today, we need each other more than ever.”

My business was built with the help of many people. Early on, Ernie Kessler was instrumental in building my business. Today, I still have mentors that give advise and help me sort through issues my company faces each day. Without these friends, my business would not have made it through the last few years.

Times are changing rapidly. This time of change requires you to reach out to other people, and not be afraid to seek advice and help when you need to. Once you start to do this the right way, you will agree – Today, we really do need each other more than ever.

Join us tonight at WREIA and pick up your copy of “Never Eat Alone”. Get there a few minutes early and spend some time saying hello to old friends and meeting new people. You may be able to help them, or they may be able to help you.

See you tonight!

John Peterson
Washington REIA Network, President
Profitable Property, Founder

P.S. Register online to avoid the line that sometimes builds at the door. You will find the registration link at .

Find video updates on the Profitable Property Channel at

Networking, MidAtlantic Recap, and April 16 WREIA

What a great spring Saturday!  We only get a few of these perfect days each year – and this is one of them.   I hope you are enjoying the day.

I made a short invitation to WREIA Monday night, it’s posted on our YouTube Channel, and you can find it right here.

To recap – Monday night we will be talking about how you can profit when working with the various types of bankruptcy. Get there early because we will be kicking off the night with networking over pizza and drinks.

If you missed it, you can still find our last video and article posted at

In the video I tell you about the two businesses I bought out of bankruptcy.

I hope you join us Monday night.  We will start off with pizza and drinks, a good time for networking, then announce a few “steals and deals” and finally get into some good content for the evening.

Will you join us Monday evening?  Be sure to register to avoid the line.

John Peterson
Washington REIA Network, President
Profitable Property, Founder

Find video updates on the Profitable Property Channel at

Entire Countries Going Bankrupt

I enjoy watching 60 Minutes, and a comment stood out during last nights piece about the various European recessions.

If you missed it last night you can watch the video below, or read the interview here.

There are very big concerns for the United States recovery, if Europe is unable to get their various economies moving again.

Getting various countries economies going again is a big undertaking. 10 European countries are in a recession, and some countries like Spain have 23 percent unemployment. This organized effort is even more challenging when – at one time or another – many of these countries have been at war with each over the last 1,000 years or more.

One comment by a London financial analyst kept my attention – “….if it’s uncharted waters, then that makes a lot of people very nervous. ”

Why did it keep my attention? Because when I hear statements like that, I know someone is making a profit. When people get confused, or scared, there is opportunity. Some people take advantage of the situation, and can harm companies or people even more, while others see an opportunity to help.

That is exactly the case with Bankruptcy here in Maryland, DC and Virginia. It’s fairly easy for you to find people or companies in various stages of bankruptcy, and from there, you have a choice.

Do you want to help a company or person, or will you look into the situation just for your own personal gain? Entire industries exist on both sides. Some “vulture funds” exist just to carve up companies and sell the pieces. Other companies exist that are “turnaround” specialists and they help companies become profitable again.

We are going to be talking about Bankruptcy at our Washington REIA meeting next Monday.

Think about the content in the video above. We will use some of the comments in the video as a backdrop for our conversation Monday night. The issues happening on a global scale are also taking place on a local level right in our backyard. When we finish Monday night, you will have the opportunity to be a “vulture” in some cases, or you can help people move on and get a fresh start.

The 60 Minutes segment makes the motto of the Maryland Districts Bankruptcy Court even more relevant to Monday night and our discussion at WREIA – “To promote social and economic order by reconciling the opportunity of debtors to a fresh start with the right of creditors to be paid.”