Comments on: Virtual Real Estate Investing - What Is It?

By: Russell Stevens

Russell Stevens — Fri, 19 Sep 2008 05:37:26 +0000

As a side note to my statement above, one of the attractions of buying a domain name from someone else is the possibility of picking up on the subscribers from that listed domain name which could be in the thousands. Maybe not your targeted list but being a free list could possibly 1 in a 1000 be interested in your product? Maybe even more than 1 huh.

By: Russell Stevens

Russell Stevens — Fri, 19 Sep 2008 05:29:19 +0000

Bryan, Like Richard Boeck stated above, I have seen and known about this term for about 2 years. Buying & selling domain names is how I have always perceived it.

By: Jessica

Jessica — Thu, 18 Sep 2008 13:52:13 +0000

My understanding of virtual real estate investing is the same as what has been mentioned above. Never considered buying and selling website but to find, flip and sell R.E investments with
out ever seeing them.

By: Bob

Bob — Thu, 18 Sep 2008 11:30:55 +0000

Like many of the people above, I also thought VREI means using the internet to buy and sell houses, and find private lenders. And I also thought it dealt with virtual assistants…

By: Barry Hart

Barry Hart — Wed, 17 Sep 2008 23:43:01 +0000

My perception is exactly what Tim has referred to. What no one has mentioned is the role that Web 2.0 (Facebook, Blogs etc) plays into this process, I believe in a very significant way as does direct mail marketing to lists that are created printed and mailed online I would very much like to read your thoughts on this topic.

By: Tim Cronin

Tim Cronin — Wed, 17 Sep 2008 22:28:26 +0000

I think what you mentioned sums it up. But because alot of you trainers buy other products to look at, here are my suggestions:
Charles Petty,Mark Sumpter,Cris Chico,Lou Castillo,Charissa Cawley.
Tell me what you think of these programs, because that’s where I got my ideas as to what “virtual investing” is.

By: Richard Boeck

Richard Boeck — Wed, 17 Sep 2008 19:45:20 +0000

I understand “Virtual Real Estate Investing” to be the acquiring of top level domains and holding them for resale; secondarily, I’ve always also understood it to mean buying already developed websites and/or building websites based on top level domains and offering them for sale.

By: Mike Marshall

Mike Marshall — Wed, 17 Sep 2008 19:37:47 +0000

Hi Bryan, To me the term is a catch all that implies that someone can use their web presence as an “office without walls”. No longer are we confined to our own local market as we, as modern real estate investors, search for deals with profit potential. Using the internet we can now find buyers and sellers and bring them together while earning a reasonable fee. It means we can do our due dilligence from the comfort of a home office and learn many things about markets that are far away. In many cases we can drive down the street and look at the neighborhood, check the recent sale history for a property and find comps in a mater of seconds.
It seems that some folks are trying to pass the idea that their products will do ALL of this and find a buyer without any work or input from the investor. All that is left is to cash the checks that the “automated system” will generate. Kind of a set it and forget it approach to RE investing. I would not like to believe that this is possible nor do I believe it is a good idea.

By: Mark

Mark — Wed, 17 Sep 2008 18:54:17 +0000

My first thought was that it was like a virtual stock market account, where you would try out different strategies with real properties but fake money, used as a learning tool. That is a really interesting idea! -- Bryan Ellis

By: Eric

Eric — Wed, 17 Sep 2008 18:52:10 +0000

As follow-up to my last comment, what I know about affiliate web-marketing also could make me think of Virtual Real Estate as web pages, but I guess I would think of the comparison on the commercial real estate level.
The value of the site is determined by its traffic/performance, like an apartment building by its income. They can be bought, sold, rehabbed, held for passive income…
I dunno, I guess maybe it means both.