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Binding: Hardcover
Dewey Decimal Number: 332.632402854678
EAN: 9780470418628
Edition: First Edition
ISBN: 0470418621
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 240
Publication Date: February 03, 2009
Publisher: Wiley
Studio: Wiley
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Editorial Review:
Product Description:
Real estate day trading is using the Internet to buy and sell houses without leaving home. In many cases, the investor closes on a house and resells it the same day. Readers will learn the author's system for how to buy and sell 5-10 houses a month in today's market, using the Internet, phone, fax, and email to analyze, research, and find the properties, buyers, and others needed for the transaction. Author Larry Goins has personally done deals in nine different states and has students in the US, Canada, Australia, New Zealand, Japan, China, Israel, the Philippines, and Denmark. Day trading can be used for wholesaling properties to other investors, retailing, lease options, short sales, foreclosure investing, etc. The basic steps are: - Search online for potential properties to make offers on, using specific techniques for finding the right ones.
- Once an offer is accepted, usually within 1-2 weeks, put it on paper using clauses included in the book, and get the property inspected by a rehab contractor to get a free estimate of how much the repairs will cost. This is done by finding reputable contractors online and through referrals from realtors and through autoresponders.
- Order an appraisal.
- Sell it fast! Using the buyers list you have built on the internet through email marketing groups, social networking sites, blogs, free classified sites, bank-owned property sites, and more, send an email with the details of the property and instructions on how they can get the property under contract. Usually within two hours several potential buyers will reply.
- Set up a closing to buy it and to sell it on the same day; closings are about 30 minutes apart. By it at 10:00 and sell it at 10:30, for example.
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There are many ways to fund and close on the property. The book will contain step-by-step, easy processes for assignments, options, flex options, simultaneous closings, using hard money, private money, cash partners, and credit partners, none of which will require an investor's own cash or credit.
With praise from New York Times Bestselling Author Dr. Albert Lowery, Robert Shemin, Frank McKinney and foreword by Michael E. Gerber.
Larry Goins (Lake Wylie, SC; www.larrygoins.com) is one of the real estate industry's most popular speakers. He buys and sells 5-15 houses a month all over the US, in today's difficult market, from the comfort of his office. Larry speaks live an average of twice a week and holds two to three teleconferences a week. He is licensed as a mortgage lender, mortgage broker, real estate broker, and general contractor in North and South Carolina. Larry served as President (2003 & 2004) of the Metrolina Real Estate Investors Association in Charlotte, NC, a not-for-profit organization that has over 350 members (it is also the local chapter of the National Real Estate Investors Association). He has been investing in real estate for over 20 years.
Average Rating: 
Rating:  -
Larry's book is the best I have read on flipping properties, in a real no nonsense way that the layman could understand. I have been a Realtor for 8 years and still learned a lot from this book. Larry runs his business about 10 miles from where I live, so I know he is for real. He is one of the few 'gurus' that actually does what he sells! If you want to start investing in this market, get this book!
Thanks Larry!
Rating: -
So you've decided to step out into the world of real estate investing. You're full of drive and have the ambition to see things through, yet you don't have a clue where to begin. You're not alone. Most aspiring real estate investors become overwhelmed with questions like "where do I find the elusive motivated seller?""how do I know I have a good deal?""where do I find buyers for my deals?" and the ever nagging "can I REALLY do this with NO cash and NO credit?" Larry Goins' Getting Started in ... Read More
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The Real Estate Day Trading Book Is Great, But It Does Not Tell You Everything In Real Estate Investing. There Are Alot Of Information
That Larry Goins Does Not Tell You In The Book.
If Your Really Interested Taking Real Estate Investing To The Highest Level You Must Order Larry Goins Newest Updated Course 2009" The Ultimate Buying & Selling Machine"
The Course Costs $1,288.00 Plus The $29.95 Monthly Newsletter Subscription. The First Month Is FREE! You Can Cancel ... Read More
Rating:  -
While this book is well-written and easy to read, it falls short on a couple of important points. "Day Trading" real estate, as defined by Goins, is really nothing more than basic double-closing/simultaneous closing house flipping that has been around for years. Yes, you're in and out the same day because both your purchase closing and sale closing are scheduled back-to-back, but you contract weeks in advance. Nothing new at all. Certainly more than a day to turn it around.
Also, the ... Read More
Rating: -
What impresses me most about "Getting Started in Real Estate Day Trading" is the way Larry explains in detail how to do what he does. He explains what to do, what to say, how to say it, what to watch out for, and who to ask for help. His directions are so easy to follow that fear just goes away. This is one real estate investing system you can't do without.
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