Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet! [Hardcover]

Larry Goins (Author)

Book Description

Series: Getting Started in | Publication Date: February 3, 2009

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.

Editorial Reviews

From the Inside Flap

What if there was a system that would allow you to purchase a house and resell it for a big profit without any experience, without cash or credit, and without even leaving your home? Would you think it was too good to be true? Would you think whoever told you about it was crazy?

Well, there is such a system, it isn't too good to be true, and Larry Goins definitely isn't crazy. He's a real estate day trader who earns big money every month buying and selling houses without even leaving his office. Using his own system, he buys and resells as many as ten to fifteen homes a month, earning as much as $50,000 per transaction.

In Getting Started in Real Estate Day Trading, Goins explains how you too can make great money, even in the toughest markets, buying and selling homes online. This rapidly expanding business is simple, profitable, and easy to get into. Plus, it's an ideal system for making money in a depressed real estate market, and all you need is the basic equipment in your home office—-not much more than a computer and an Internet connection.

This system really works, and thousands of people are making good money with it around the world, from Australia to the United States, from Europe to Asia, and everywhere in between. Even better, you'll not only learn how to use the system, you'll get all the tools you need to make it work, including free downloadable forms and documents. As an added bonus, buyers of this book receive free admission to one of the author's three-day boot camp training sessions, as well as a free strategy session with one of his personally trained coaches—-to help you put your real estate day trading business on the path to making big money right away.

Even when the market is down, you can still make good money in real estate—-as long as you have the right tools, the right guidance, and a proven system that really works. Getting Started in Real Estate Day Trading gives you the system you need to earn big money in today's market, without even leaving home. If you've been waiting for the perfect time to get started in real estate, today's your lucky day.

From the Back Cover

Praise for Getting Started in Real Estate DAY TRADING

"Innovation is what is rewarded in business today, and Larry Goins is a true maverick. I thought I knew all the ways to profit in real estate, yet Larry has just introduced a quite impressive method. Study this fantastic new book and apply Larry's ingenious approach."
— Frank McKinney, maverick daredevil real estate artist and international bestselling author of Burst This: Frank McKinney's Bubble-Proof Real Estate Strategies

"Unlike so many how-to books, this book literally takes you, the aspirer for more life, through a step-by-step process to transform the way you relate to the world of money and work. Larry's book will help you create new possibilities that before now never existed for you."
— Michael Gerber, author of the E-Myth books and Awakening the Entrepreneur Within

"The easiest, safest way to make big money I've ever seen. On a scale of one to ten, this book is a solid twelve!"
— Albert Lowry, New York Times bestselling author of How You Can Become Financially Independent by Investing in Real Estate

"Finally, a book that lays out exactly how to make big money fast with no risk using the latest technology! It's easy and anyone can do it...even this rich idiot!"
— Robert Shermin, New York Times bestselling author of How Come That Idiot's Rich and I'm Not?

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (February 3, 2009)
• Language: English
• ISBN-10: 0470418621
• ISBN-13: 978-0470418628
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #219,625 in Books (See Top 100 in Books)
  • #100 in Books > Business & Investing > Real Estate > Buying & Selling Homes

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Customer Reviews

Most Helpful Customer Reviews

26 of 27 people found the following review helpful:

3.0 out of 5 stars Not quite as promoted, March 13, 2009

By 

River Sister (Green Mountain, NC United States) - See all my reviews

Amazon Verified Purchase

This review is from: Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet! (Hardcover)

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 book claims that you can do this "without cash." However, in Chapter 7 Goins suggests that you borrow against your credit cards, life insurance, personal home or IRA. Or another suggestion - sell your stuff on Ebay. Sure are a lot of suggestions for getting that cash that the cover of the book declares you don't need to day trade real estate. Goins recommends a deposit of at least $500 for most contracts. That's required cash, pure and simple. It seems a bit deceptive to repeatedly say you don't need cash to do this when the reality of this method, or pretty much any real estate business method, is that at least some cash is required.

The print quality was lacking in the copy I received, with several of the front pages being illegible ink smears.

This book is well-organized and probably contains a nugget of good usable information here and there. If you've already read about flipping houses you will find little new material. If you haven't read about flipping then this book is as good as any to use for basic information.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Fire starter!, June 21, 2011

By 

Marvin Hernandez - See all my reviews

Amazon Verified Purchase

This review is from: Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet! (Hardcover)

Let me start of by saying that I am a real person and I truly read and bought this book by Larry Goins, my name is Marvin Hernandez and I live in the South Florida area of Hialeah Gardens, Florida. I have bought many books on real estate investing and have been trapped like many of us with "analysis paralysis". I have been studying Real Estate investing since September, 2007, and since then wanted to invest in Real Estate, but with no credit and no money, the traditional ways of investing were not feasible for me, therefore was stuck for 3 and a half years finding the best strategy for me to start. During these years I was able to learn a wealth of knowledge on Real Estate investing, but was stuck due to my analysis paralysis syndrome.

When looking on Amazon.com for yet another book to read on Real Estate investing, I fell upon onto Larry's book, and the truth is that the title of the book caught my attention. Well, after buying and reading the book I was hooked, the knowledge that is dispense on this book is great, it teaches about property wholesaling in a way so that you could do it most of it, if not all from behind your computer screen, with a phone, fax capabilities, and a website if you so desire.

But the most important part that I got from this book is that it gives you step by step of what you need to do in order to get going in your investing career, and it put the fire in me to get moving, after reading the book I have started to create an investing company, I am currently creating a website to attract property sellers, and I am building my buyers list. Now this book is not magical in the sense that it will NOT do the work for you and the most important part is to get moving and take action.

In content I give the book 4 stars, this is due to that even though it is very concise, it is not the end all, you must use the information it gives you and due some research on your own to learn more, for example, the contracts that Larry uses I will not use, but instead employ a Real Estate attorney to draft some for me within the laws of my state (Florida). If you do draft them yourself, make sure that they comply with your state Real Estate laws.

I give the book 5 stars, due to that it gives you a plan of action apart from the great information that is provided, and thus makes you take action which I believe is the most important factor in investing, do not get stuck for years like I did. I am a newbie my self and I learned a lot from the book, and now feel that I am on my way to doing my first deal.

Best regards,

Marvin Hernandez

Bright Future Investment Group, LLC.

P.S. Just get the ball rolling!

5 of 7 people found the following review helpful:

5.0 out of 5 stars Real Estate Day Trading - A Must Read!, August 9, 2009

By 

Bill Walston (Northeast TN) - See all my reviews

This review is from: Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet! (Hardcover)

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 Real Estate Day Trading systematically fills in the blanks while laying out an investing program in a language we all understand. This is THE book for the aspiring investor who wants to put his or her ideas into action.

Now, you seasoned investors shouldn't feel left out. There's more than enough here to meet your needs as well. From finding to funding, Larry pretty much covers it all. The clarity with which he writes and his concise, easy to understand explanations make Real Estate Day Trading a must read for investors in any stage of the game.