The internet and other advancements in the technology has made real estate investing simpler. Virtual real estate investing (VREI) takes the traditional concept to another level. Today, I would like to talk to you about real estate investing utilizing technology to allow you to multiply yourself and reduce costs.
Virtual real estate investing is possible, if you know how to and take it seriously. It is not a game. VREI combines the power of the internet and technology with real estate investing. The traditional real estate investing method requires that you visit several properties, screen them, listen to sellers tell you about their wonderful properties and why you should pay more for theirs, then come the several documents needed to bring the transaction into closing. With Virtual Real Estate Investing you utilize the power of the internet and technology to reduce time and costs, and promptly implement marketing techniques to advertise the properties for sale until they can be sold for a profit. With the internet it is easier and faster for investors and buyers to find each other.
Another advantage is that the internet has connected the world, paperwork no longer has to be signed in person, and buyers are not normally dead set on seeing a property first hand before they purchase. Now real estate listings do not have to be handled by agents on a local level, but rather than be bought and sold over long distances by the investors websites. This is the way to implement your wholesale business. Even though virtual real estate investing, may not be able to be implement 100% virtual, it will expedite the process of the acquisition and sale of your properties. The faster your turnaround the faster you become liquid and reduce your costs of financing your transactions. Conclusion more profit.
I encourage you to implement technology into your real estate investing business. Now a days there are many options for all budget sizes. For example, contract negotiations can occur largely via e-mail and instant message and all of the marketing for the property can be carried out via social networking and social media channels rather than through traditional marketing techniques.
To be successful in today's market you have to be on the cutting edge. Virtual real estate investing and especially virtual wholesaling is the wave of the future. Here I share a couple of resources for you that could help your business.
CRM - http://www.zoho.com
Real estate social network - http://www.real-estate-investing.com
The best part is that they are free!
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