What is Virtual Wholesaling?

Copyright (c) 2009 Duncan Wierman

With the rapid growth of the internet and access to information systems, a new breed of investor is appearing, named the "virtual investor" Investors are able to locate bargain deals all across the USA using internet marketing.

Virtual real estate wholesaling is all about buying and selling property. It revolves around searching the Internet for properties that you can buy up at a bargain and then sell on to another investor. Investors still have the opportunity to use multiple exit strategies when doing business virtually. So why is this such a good idea? Many real estate markets are in decline, however many markets are holding steady and growing; virtual real estate wholesaling may be the only good thing to come out of this. "Flipping" or "Quick turning" real estate using the internet is a great way to fast profits. In many cases, by using the Internet as a way of wholesaling, you could be able to make substantial amounts of cash in as little as seven days.

Everyone loves a bargain and in all honesty, if you are looking to make a move onto the property ladder now is a better time than ever as property prices have been slashed; this is why virtual real estate wholesaling is great to get into at the moment. You can get involved in it regardless of whether you are buying and selling single family homes, land, lots, apartments, condos, new homes or commercial building; Many wholesalers are climbing on board with new marketing methods to find deals in any market and quick turn them for profit. The key is not the property type but rather finding a bargain that you can easily pass onto a bargain hunter.

The way in which you should approach the concept of virtual real estate wholesaling is to start looking for a deal; by this I mean start looking at property you can buy in order to sell on. You are able to find deals in many locations. The information placed within these deals should include pictures, prices and contact information. You can then contact the seller directly via phone calls or emails. It is important however before you make any final decisions that you make sure that the numbers add up. To do this you should compare recent sales in the area with your deal. If everything is ok then you are able to proceed.

Selling the property is almost 100% automated. Every aspect of selling can now be done not only with technology but a virtual team can be used to follow up and close deals; you should also include any features that stand out about the property. You are now ready to communicate with buyers so make sure you respond to any emails, questions and phone calls.

Once you have found a buyer that will pay your asking price it is advised that you put the property under contract and then email a copy of the contract to your buyer so they can sign it and fax it back.

As you can see from the above, virtual real estate wholesaling is all done online making the transaction quick and simple and ensuring that you are making money in a timely manner. The flexibility that you are given is great as you can buy and sell property at anytime and from anywhere.

Virtual real estate wholesaling is what the future has in store for people who are involved in the industry so just make sure you don't get left behind.