What Is Virtual Wholesaling?
by Victoria Walden
Every industry must adapt and evolve with technological advancements and real estate is not immune to this.
Much like virtual jobs and virtual assistants, Virtual Wholesaling is wholesale real estate done mainly through electronic means. The process can be amazingly simple, between smartphones and email, electronic document signing, and the new age of odd job contractors a deal can run from start to finish without any of the parties being in the same zip code.
Being familiar with how the real estate wholesale strategy works on a closer to home-level first, could be helpful, but is not necessary. If you are someone who is extraordinarily organized, then wholesaling (both virtually and in real life) will be a breeze.
With the increase of people who are creating careers from working at home it is easier than ever than make a place for yourself in the virtual wholesaling world. While it is a good idea to at least make a preliminary visit to the area you want to expand into, much of the work can be handled straight from your laptop and smartphone.
While virtual wholesaling is not yet a completely solitary endeavor (holograms will probably be here soon enough) investors do need to have a joint venture partner in place to help them with the different tasks that happen during a real estate transaction.
Like any avenue of real estate, virtual wholesaling is a business that will flourish when the right people are brought together to make it happen. Real estate is a people-oriented business and just because it is happening hundreds or thousands of miles away does not change that fact.
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