{"id":8268,"date":"2022-09-14T15:46:47","date_gmt":"2022-09-14T13:46:47","guid":{"rendered":"https:\/\/blinkx.com\/?p=8268"},"modified":"2022-09-14T15:46:47","modified_gmt":"2022-09-14T13:46:47","slug":"virtual-real-estate-investing","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/money\/virtual-real-estate-investing\/","title":{"rendered":"virtual real estate investing"},"content":{"rendered":"
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The real estate market is still driven by property tours and open houses, emails and calls, and in-person back-and-forth negotiations. Nevertheless, slowly but surely, the old approach of investing in real estate is being revolutionized by technology. Enter virtual real estate investing.\u00a0<\/p>\n

For a rising number of real estate investors, virtual real estate investment is swiftly becoming the new normal. <\/p>\n

Through it, they buy and hold rental properties in some of the top real estate markets from coast to coast.<\/p>\n

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<\/span>Let\u2019s Define Virtual Real Estate Investing\u00a0<\/span><\/h2>\n

Virtual real estate investing is the practice of doing real estate deals exclusively online.<\/p>\n

Also known as remote real estate investment, virtual real estate investors identify and research the best markets for rental property. <\/p>\n

They go online to analyze the ROI of specific rental properties, complete due diligence, and close escrow remotely.<\/p>\n

Investing in real estate \u201cvirtually\u201d may also drastically cut the expenses and time required for individual real estate transactions. <\/p>\n

It could even enhance returns.<\/p>\n

It breaks down traditional barriers by allowing investors to pick and choose solutions and strategies for their goals.\u00a0<\/p>\n

Outside real estate markets may prove to be more successful over the long haul than somewhere an investor lives. <\/p>\n

It helps to raise potential returns and generate generational wealth.<\/p>\n

Plus, cutting-edge, state-of-the-art technology equips virtual real estate investors with the information and skills to purchase and hold investment properties.\u00a0<\/p>\n

Related Reading: The Hottest Digital Investing Trends Right Now \u2013 Click Here To Learn More.<\/em><\/p>\n

<\/span>How To Start Dabbling In Virtual Real Estate Investing<\/span><\/h2>\n

If you\u2019re already interested in real estate, the next natural step is to take it virtually. <\/p>\n

Here are some of its key advantages:\u00a0<\/p>\n

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  • It has the convenience of doing deals from home.<\/li>\n
  • It has the flexibility to diversify an investment portfolio with different rental properties across the United States.<\/li>\n
  • You save more money by not traveling to each prospective property to purchase.<\/li>\n<\/ul>\n

    Here are the actions to take today to start investing in virtual real estate and reap those potential returns:<\/p>\n

    1. Fill your virtual real estate investing toolbox with the proper tools.\u00a0<\/h3>\n

    Most folks now have the tools and software they need to start investing in real estate virtually in their own homes.<\/p>\n

    A virtual real estate investor only needs a reliable internet connection, a device to browse the internet, and a scanner or printer. <\/p>\n

    Investors will be ready to start once they have spreadsheet software and a word processing system.<\/p>\n

    Virtual real estate investing software and online resource resources include:<\/p>\n

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    • News from reputable sources like the National Association of Realtors (NAR) and HousingWire\u00a0<\/li>\n
    • Residential real estate market reports\u00a0<\/li>\n
    • Google Earth (to obtain satellite images of properties)\u00a0<\/li>\n
    • Online real estate investment groups on social media platforms\u00a0<\/li>\n
    • Platforms dedicated to real estate like Realtor.com, Roofstock, and Zillow\u00a0<\/li>\n
    • County assessor and recorder sites that keep track of owners, property taxes, and sellers\u00a0<\/li>\n<\/ul>\n