| One of the biggest changes in the wholesaling of | | | | contract along with the assignment form. At this |
| real estate comes with the introduction of | | | | point the title company prepares all necessary |
| computers and the world wide web. Vast | | | | paperwork and then sends out all required |
| amounts of property are changing hands | | | | documents for approval and signatures to be |
| everyday due to the mass marketing of real | | | | returned to the title company as soon as possible |
| estate with advertisements, websites and social | | | | for closing and recording. Of course before |
| networks. | | | | proceeding you should be well versed with any |
| Consider the following. It is now possible for me | | | | state laws governing your transactions. Certain |
| to hire a virtual assistant to research properties | | | | states absolutely require the use of an attorney. |
| for me while I sleep. I give the virtual assistant | | | | Imagine, never leaving your home office. No direct |
| my criteria for finding leads and in the morning sift | | | | competition per se and no one looking at or even |
| through and continue with further due diligence on | | | | knowing your business! Currently fifty percent of |
| only the properties I find has adequate equity and | | | | my real estate business is done online. Within the |
| opportunity. I can then either contact the | | | | next several years I expect this number to jump |
| property owner directly and present an offer or | | | | to ninety percent. |
| have my virtual assistant negotiate and make the | | | | In the end all parties are no less satisfied then if |
| offer for me. I then take time to contact my | | | | the transaction were completed by local real |
| social network of potential buyers or to email my | | | | estate professionals . Yet this transaction would |
| list of online "buyers" and present the property of | | | | have not been possible without the exposure |
| interest to them. After finding an appropriate | | | | brought upon by the use of the internet. As more |
| suitor and faxing over an assignment contract (or | | | | and more real estate investors start using the |
| assignment of option depending upon which form | | | | internet, virtual wholesaling will become the |
| you use), the buyer then returns the completed | | | | dominant means by which real estate is |
| assignment form via fax or overnight carrier. | | | | conducted online. |
| I then fax over to the title company the returned | | | | |