Virtual wholesaling is the practice of obtaining real estate contracts and utilizing technology to allocate them to purchasers. You do not need to ever step foot in the market or own the property in order to use this technique.
According to Reisift
"Virtual wholesaling is a real estate investing business model that’s identical to wholesaling, except it’s accomplished virtually — without seeing the property before putting it under contract.
If you do a wholesale deal where you walk the property yourself, then that’s just plain old wholesaling, but if you do a wholesale deal where you don’t walk the property (whether it’s in your city or somewhere else in the U.S.), then that is virtual wholesaling".
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