Virtual Wholesaling?

Have you heard about virtual wholesaling? In a nutshell here is how it works...

First of all, wholesaling is wholesaling, nothing changes here. You negotiate a great deal on a property and pass it along to another investor buyer. You know the steps in between (have a buyer lined up, get a deposit, sign papers, blah, blah, blah).

Here is where it is different...you do everything online. That's right, you find a property, research the property and do pretty much as many steps as you can online or use your phone to call someone to do some of the legwork for you.

Here is an example. You, the wholesaler, live in PA. You have gotten a lead on a property in GA. You have investor buyers who you know like the area where the property is located (he either lives there or lives elsewhere, doesn't matter to you). You want to get some pictures of the property, but you are not going to travel to do it.

What can you do?

Contact a contractor in the area to go over for you, take pictures while also checking on possible repair needs and then send you the pics and rehab estimate. Boom!

To get an idea of the property's value and/or rent potential, contact local real estate agents to get their opinion. Another good step is to try to locate a local investor or two who would be willing to offer his opinion.

Happy with what you have learned, you negotiate with the seller and get your offer accepted. You now have a deal to sell!

Thanks to your contractor, agent and investor contact, you have the info your potential buyers will want (and you didn't even leave your house). Heck, you may not have even brushed your hair.

You have a deal, you shoot it out to your buyers and you get one who wants it. Now you are in business (and everything else works the same as any other deal).

Not too bad, right. In case you do not live where the hot deals are, you do not have to miss out on the chance to take part in the deals available there. An internet connection and some time making contacts will get you in the game.

To learn more about this and other topics, please visit FlippingWholesaler.com