When I was just starting out, one of the maxims I've encountered was to never invest in real estate that's more than 20 miles away. The reason was that it would be difficult to manage, specially if you have rented out the place instead of selling it.
On the other hand, we have the concept of cash flow properties. Instead of selling a house and pay a hefty sales tax on it, you just keep it, rent it out, and enjoy passive income for a period of time.
In comes the World Wide Web. In its only more than a decade of existence, the Web has changed the way things are being done in real estate. For one, it has made listings and advertisements easier for us. It's made communication between agents and homebuyers easier and more inexpensive. It's made showing a house or touring would-be buyers a little less taxing and time consuming.
For me, however, the beauty of the Internet lies in its power to change one of real estate's most prevalent maxim. Now real estate agents and investors are not limited by distance: they can even invest in a property located in another state.
This is part of what we do. We offer real estate that may or may not be near the investor. We take care of the headaches by having the properties professionally managed, allowing our investors to get passive (in every sense of the word) income.
That way, our investors get the most profitable transactions ever.
Truth be told, I am still learning the rope. After this blog, I'd be checking my facebook and myspace accounts while an associate will be posting our properties on loopnet, listingsmagic, craigslist and kijiji. WHEW! In this day when gasoline prices are more expensive, the Internet sure does help!
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