Is Web 2.0 truly the wave of the future for Real Estate Investing?

[Lamar]

I'm just wondering what everyone's take on Web 2.0 is when it comes to Real Estate Investing. This question is geared more towards the online marketing element of Real Estate.

I'm putting together a Newsletter and I wanted to discuss Web 2.0 and Real Estate Investing, however, I just wanted to get the opinion of some fellow Real Estate Investors who are active in Today's Market.

Please vote and then leave a comment on why you voted the way you did. As I'm sure other's will be curious about your insight...

[Tony Sena]

Using the internet for Real Estate Investing might be good to get up to date information on a project, recent sales information, but I don't see how Web 2.0 can be the wave of the future for Real Estate Investing?

The web is definitely a great resource!

[Bigtoe]

I wish I knew the future of anything.

[Mark Madsen]

I think that web 2.0 is the future of all Internet marketing.

To take a quote from David Meerman Scott "People don't look at web sites to see slogans or logos, they want interaction, information, and choice."

If you refer to the Wikipedia definition of Web 2.0, wich uses terms like collaboration among users, information sharing, and creativity, I don't see why real estate investors wouldn't prefer a more interactive and transparent form of online real estate marketing.

[Propertyshowrooms]

Without doubt from the marketing aspect on a global scale. What we have seen in Europe is that both public and privately organized exhibitions are getting very old hat now, the public in general have grwon wise but tired to the high pressure time share style attitude of the corporate monster who sells anything to anyone by simply "booking an inspection trip" to the country in question.

What is happening now, especially with the "credit cruch" as billed over here, is that buyers are shopping and comparing more online, making it a requirement that quality sites with as much interaction as possible.

People are using the web more and more now as a source of information, not just for education into a town or region, but also from the angle of taxation, banking, legal, lending, and so on and so on. The quicker and more effectively your site can do that, the more business you are going to get, then, once you have captured that enquiry, you know what they are looking for!

Peter Mindenhall
Business and Media Manager
Propertyshowrooms.com

[GetSmart]

If you have the time, i mean hours on top of hours to put into web 2.0 it would probably payoff. I see that it would take at least 30 minutes to visit each of the networks to get your name and trust out there. So if you want to target 4 main sites you would have to put at least 2 hours each day.

This can really cut into properly building your website, calling prospects, meeting prospects and liquidating assets. Now if you have a team of people working with you, then web 2.0 is the route to go.

You just want to make sure you are targeting the right groups.

[Lamar]

I guess it all comes down to Time Management really.... While outsourcing is great, doing a little on your own each day won't hurt. You have to make the time. I can't imagine spending 2 hours as the norm, but it all depends on the individual. You don't need to be active with it every single day. A couple times out the week is sufficient, i think...

[Mark Madsen]

Originally Posted by Lamar

A couple times out the week is sufficient, i think...

I agree, just a little time should be fine. As long as you have the right goals.

[Mark Madsen]

I thought this article from BloodHoundBlog was fitting.

http://www.bloodhoundrealty.com/BloodhoundBlog/?p=3328

enjoy

mm

[Lamar]

I completed my web 2.0 study and I appreciate everyone's input.

To check it out go to: http://lamartheinvestor.blogspot.com...b-20-real.html

I thought this article from BloodHoundBlog was fitting.

http://www.bloodhoundrealty.com/BloodhoundBlog/?p=3328

enjoy

mm

Also Mark, you're link keeps asking me for a username and password to view the article. Not sure if it's just my computer...