AWESOME VIRTUAL REAL ESTATE DEAL!

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!!!

CLICK HERE TO SEE PICTURES OF THE SCHOOL BUILDING!

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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Virtual Deal That Did Not Work Out As Planned

I recently told you about another virtual real estate deal that I did on a property in Alaska, that worked out great and I cleared over $20,000 on.

I purchased a 50 acre parcel in Canada at the same time I purchased that property and from the same person.

He was running a down payment auction and the purchase price was $17,900

I won the auction for $1000 and my monthly payment was right at $200 a month for 15 years

I then took the pictures from the auction and rewrote the ad and put the auction back on ebay with a purchase price of $39,900 and started the bidding at $1

The auction ended for $5000 and the new buyers payment was around $364 a month for 30 years.

The new buyer made the down payment of $5000 and I was $4000 to the good

The buyer made their payments for about 5 months and then disappeared on me.

Now since the buyer just walked away, I just listed the auction and sold it again.

I use an agreement for deed when I do an owner finance deal, that way I don't have to foreclose on the property when a buyer quits paying.

This is just one example of many virtual real estate transactions that I have completed.

If you would like to learn to do virtual real estate deals like this and never leave your house, then

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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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