Virtual Real Estate Investing System: The Newest Virtual Process to Finding Sellers’ Leads
Remote working and social distancing have been influencing the way we do business in general over this last year. Real estate investing has also been taking notice of this new way of doing business. Investors, who understand that the future for real estate is going to look much different than what we are accustomed to, are positioning themselves to take advantage of this trend and exponentially grow their business and their potential reach into new markets.
Virtual real estate investing does not have to be long distance investing. It can be at a local level as well. The concept is more about not having to be physically present to inspect or view a property, and being able to conduct real estate transactions from a phone or a computer, without human interaction or being on location.
Therefore developing a “virtual real estate investing system” is crucial to remote investing. Besides tools and applications to run the business itself, the question remains on the best way to find sellers’ leads remotely.
Virtual Real Estate Investing System
The system is based on 3 crucial components:
- Choosing the right area depending on your primary real estate strategy of choice (wholesaling, fix and flip or buy and hold;)
- Finding the sellers’ leads virtually;
- Connecting with the right tools and “boots on the ground” to inspect and market the properties.
In this article we are going to focus on #2 – Finding the sellers’ leads virtually
There are 3 main ways to locate sellers’ leads virtually:
- Online platforms – platforms like Propstream are the easy way to create lists by target markets and criteria. We use Propstream to look for absentee owners, high equity and vacant homes.
- Public databases – preforeclosures, probates, tax delinquent properties and more can be accessed online. The best data is the one you get directly from the appropriate government’s office that publishes the data.
- Online ads – Google and Facebook ads have surprisingly and increasingly become good sources of sellers’ leads. The copy of the ad and a fast follow up system are crucial to the success of using this strategy for leads.
A successful virtual real estate investing system is able to automate the lead generation phase (sellers and buyers,) the marketing that goes into the lead generation, the follow up process and the transaction management process.
To learn more about the 10 steps to virtual real estate investing, download the FREE chart “Discover The 10 Steps Virtual Wholesaling Blueprint To Pull $10,000 Or More In The Next 30 Days Without Leaving Your Home”