One of the biggest changes in wholesaling real estate comes with the introduction of computers and the World Wide Web. Enormous amounts of assets changing hands every day because of mass marketing with real estate advertisements, web sites and social networks.
Consider the following. It is now possible for me to hire a virtual assistant for researching the properties for me while I sleep. I give a virtual assistant to my criteria for finding water in the morning to sift through and continue with due diligence only to find the property has sufficient equity and opportunity. I can then contact the owner of the property and directly present the offer or have my virtual assistant to negotiate and make an offer for me. And then the time to contact my social network of potential customers, or e-mail my list of online "customer", and present the property of interest to them. After finding a suitable suitor and faxing over the contract award (or award of options depending on which form you use), the customer returns the completed task form by fax or overnight carrier.
and then fax over the title company returned to contract award form. At this point the title company prepares all the necessary paperwork and then sends all the necessary documents for approval and signature to be returned to the company name as soon as possible to close the record. Of course, before you continue you must be well versed with any state laws governing your transactions. Some states require you to use absolutely lawyer.
Imagine leaving your home office. There is no direct competition per se, and no one is watching, or even knowing their job! Currently fifty percent of its real estate business is done online. In the next few years I expect this number to jump to ninety percent.
In the end, all parties were less satisfied with the transaction if they completed a local real estate experts. However, this transaction would not have been possible without incurring laid on using the Internet. As more and more real estate investors to start using internet, virtual wholesaling will become the dominant way in which the property was conducted online.
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