Investing in Virtual Real Estate…and Virtual Real Estate Foreclosures

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I started learning about investing in real estate. I purchased my first property with a VA- No-Money Down Loan.

It was a pre-construction in an appreciating market, and then I decided to pull equity out of the property and purchase another and another and another.

This went on until I realized that soon the bank would discover my plan and deny me based on debt-to-income ratios.

Then, I heard about Ron Legrand and how he was teaching students all over the country how to buy houses without banks, credits or any of your own money.

I was hooked.

It wasn't till long that I used the same strategies to buy domain names and websites or virtual real estate.

I soon discovered that just like Real Estate is bloated with foreclosures, the virtual real estate world has foreclosures of their own.

Many folks pick up domain names and do nothing with them. They fail to renew them and they, ultimately go to auction as a "Virtual Real Estate foreclosure."

To view some of these domain names that you can pick up for pennies on the dollar, check out this site.

www.namespy.com