Book 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.
-
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.
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.
