I have told you about a couple of the virtual real estate deals that I have done over the years, but this is one of the best ones.
This deal I did was a 28,000SF 3 story stone and brick school building with 3.5 acres in Bushnell, NE. I saw the auction on eBay and I was the high bidder and won the auction for $27,877, even though I actually bid $32,000, thanks to auctionsniper.com The ad on eBay had about 8 pictures of the building and property and he ran the auction for 10 days and did not pay for any extra listing features, when he listed it on eBay. I sent him a $1000 deposit and we were doing the title work with some title company local in NE. I found out that the owner of the building, only lived about 12 miles away from the building. I asked him if he could go take about 200 pictures of the property for me. I wanted to see everything, good bad and ugly. He emailed me the pictures and I told him that I was going to go ahead and list it back on eBay for sale, so not to be surprised when he saw it. It was less than a week from the time I won the auction, to the time I listed it back on eBay for sale. I rewrote the description, and included all the pictures of the property, and then listed it for a beginning bid of $1 with no reserve, but I ran the auction for 30 days and paid for all the extra listing features and it sold for $45,100 and it was about 45 days from closing to closing.
I cleared over $17,000
Not bad for never living my house. I never even saw that property.
IT IS WHAT SOME WOULD CALL VIRTUAL REAL ESTATE INVESTING AT IT'S BEST!
This was a good deal, because of the actual time and effort I had invested. It took a lot of guts, but it paid off in the end! The guy who bought it moved into it and started a company and made it his residence. HOW AWESOME!!!
This was a good deal, because of the actual time and effort I had invested. It took a lot of guts, but it paid off in the end! The guy who bought it moved into it and started a company and made it his residence. HOW AWESOME!!!
I have done many real estate deals like this one!
If you would like to become a successful real estate investor, then
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