If you live in the United States or Canada, or have access to the Home and Garden TV networks that air in those countries, you've probably watched one of those house flipping shows before.
One of the most popular, Flip This House on the A&E channel, lets you watch as real estate investors buy, renovate, and flip homes for a profit.
The idea is simple...
1. Purchase a home in good area.
2. Renovate the home to increase its value.
3. Sell the home for a profit.
Over the years, real estate investors like the ones featured on these shows have made millions of dollars finding distressed properties, fixing them up, and selling them at a profit. ... and they aren't the only ones.
If you've been online for even a short time, you've likely heard the term "virtual real estate" before.
Just like a portfolio of real estate assets, your virtual real estate empire is a portfolio of virtual assets you own and manage to generate profits. Depending on your goals and business strategy, the Virtual Real Estate assets
you build can be setup to generate long-term income or fast profits.
Similar to the real estate strategy of "buying and holding" properties to generate rental income, you can setup some of your VRE websites to generate residual income streams month after month.
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