Virtual Real Estate Investing

Here is one of the deals I have completed using Virtual Real Estate Investing.

The first big virtual real estate deal I did was a 40 acre tract of land in Alaska, that I purchased on ebay with owner financing for $15,900

The auction was for the down payment and I was the high bidder

I put down $1525 and my payment was $179 a month for 15 years.

I used the same pictures that was on the auction I just purchased the land from and I rewrote the ad and ran an auction where the buyers were bidding on the down payment.

The purchase price was $38,900 and I started the bidding at $1

The auction ended in 7 days and the high bid was $1701

I just got all of my out of pocket expense back and was over $100 to the good.

The new buyers payment was $384 a month.

When I wrote up the contract, I gave the buyer an incentive to pay it off early. I told him that if he paid it off in the first 6 months, that I would knock an additional $5000 off of the purchase price. He made his payment for 6 months, giving me a positive cashflow of over $200 a month and then he paid the mortgage off completely.

I cleared over $20,000 on that deal!!!

If you would like a Free Report so you can learn how to do deals like this,

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