Product Details
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.
- 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.
Biographical Note
Larry Goins is one of the real estate industry's most popular speakers. A licensed mortgage lender and real estate
broker, he buys and sells between five and fifteen homes online each month with his team of real estate day traders.
Table of Contents
- Downloadable Forms.
- Foreword by Michael E. Gerber.
- Acknowledgments.
- Introduction.
- Section I Real Estate Day Trading: A New Way to Make Big Money Buying and Selling Houses the Same Day.
- Chapter 1 Click a Mouse, Sell a House: Real Estate Day Trading Is the Easiest and Fastest Way to Make $90,000 a Year (or More) while Keeping Your Job . . . If You Want To.
- Real Estate Day Trading Makes Failure a Thing of the Past.
- Small Problems Appear Large through Novice Eyes.
- Real Estate Day Trading Is a Confidence Builder.
- Make $90,000 a Year (or More) while Keeping Your Present Job.
- Chapter 2 Real Estate Day Trading: A Business Done Entirely by Phone, Fax, E-Mail, and Internet.
- Time Line for a Typical Deal.
- The 10-Step Day Trading Process.
- Step 1. Define Your Target Properties.
- Step 2. Separate Good Deals from Bad Deals.
- Step 3. Build a Database of Motivated Buyers.
- Step 4. Create an Influx of Motivated Sellers.
- Step 5. Put a Reliable Source of Funding in Place.
- Step 6. Build Your Dream Team of Trained Professionals.
- Step 7. Prepare Your Buying and Selling Contracts.
- Step 8. Start Day Trading.
- Step 9. Use Advanced Techniques to Create a Buying Frenzy.
- Step 10. Take Yourself Out of the Loop.
- What You Need to Get Started.
- Section II Set Up Your Own Day Trading Money System and Start Making $5,000 to $10,000 Cash Paydays in 30 Days.
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