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You can’t win unless you play on both sides. This is what the Internet has taught us in the recent years. Those companies that have totally neglected the Web as a production and promotion tool have lost lot of ground or have disappeared completely. Many companies that were just active online have disappeared as well. Internet by itself is not enough, it has to be combined with some traditional (offline) product, place or channel, then it can become very powerful.
Today I have been full time listening to the various presentations at the bootcamp on bank owned properties organized in Atlanta by Sam Bell and Mark Jackson. Lot of very technical stuff, which is very relevant if you want to achieve a good level of promotion on Google, but that would be useless if one didn’t have knowledge about traditional real estate evaluation and contracts. So I appreciated the fact that the presentations of today followed a whole series of lessons that yesterday were delivered on property evaluation (Mark Jackson), on closing procedures (Michelle Spalding) and on creating the most advanced type of real estate contract (Lou Brown): the land trust (which is used both to hide the owners of a property and for transferring interest in a property without a formal deed).
Real estate is a field where you can observe the effective merge of the old culture of negotiation, evaluation and paperwork writing, with the newest Internet Marketing techniques that can bring you new buyers and sellers with less effort and more effectiveness. Yet you still see many investors fumbling with technology and shying away from it, or you see some young nerd who knows everything about setting up a blog and getting it ranked on Google, but knows nothing about buying and selling houses and yet wants to become a full time investor.