Getting Started in Real Estate Day Trading Proven Techniques for Buying and Selling Houses The Same Day Using The Internet
July 31, 2009 by Home Investing · Leave a Comment
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.
User Ratings and Reviews
5 Stars #1 Rated Best Real Estate Course By Larry Goins” 2009
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 At Anytime!
To Order Please Check Out:
http://www.ultimatebuyingmachine.com/
Check Out Larry Goins Official Website For More Information:
http://www.larrygoins.com/
3 Stars Not quite as promoted
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.
5 Stars Larry Goins’ new book a MUST read!
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.
Free and Clear Quick Start Video Real Estate System
July 31, 2009 by Home Investing · Leave a Comment
Free and Clear Quick Start Video Real Estate System
VHS- learn to get rich with real estate
Standard Deviants Finance Module 9 Corporate Finance
July 30, 2009 by Home Investing · Leave a Comment
Standard Deviants Finance Module 9 Corporate Finance
Find out what you and big-wig companies have in common. Here’s a quick peek. Both you and companies worry about budgets and projects. But do you worry about them the same way
Cost Of Developing In Costa Rica For A Holiday Home
July 29, 2009 by Home Investing · Leave a Comment
Asset Allocation 4th Ed
July 29, 2009 by Home Investing · Leave a Comment
The definitive guidebook for successful long-term investing
The third edition of Roger C. Gibson’s Asset Allocation: Balancing Financial Risk was released in 2000 on the heels of the biggest bull market in a century and amidst talk of a new economy. The bear market that followed was the worst since 1973-1974 and resulted in the destruction of roughly half of the stock market’s value. Through it all, Roger Gibson’s advice to investors remained the same.
Gibson once again offers techniques to design all-weather portfolios that improve long-term performance, while mitigating overall risks through widely varying market environments.
Grounded in the principles of modern portfolio theory, this fourth edition of his investing classic explains how and why asset allocation works. Gibson demonstrates how adding new asset classes to a portfolio improves its risk-adjusted returns and how strategic asset allocation uses, rather than fights, the forces of capital markets to achieve investment success.
Gibson also addresses the practical side of investing, advocating an approach based on a disciplined execution of the fundamentals–the most important things that investment professionals and lay investors need to focus on to achieve their financial goals. With more than two decades of experience managing clients’ portfolios and expectations, he underscores the importance of identifying and working through the emotional and psychological traps that can impede investment success. In this new edition, Gibson offers his proven guidance on multiple-asset-class investing with updated exhibits and research. New topics include:
- A review of the 2000-2002 stock bear market in the context of bull and bear markets over the last 100 years
- An expanded discussion of the dangers of market timing
- Non-traditional asset classes such as real estate securities, commodity-linked securities, and TIPS in a diversified portfolio
- The challenges of “frame-of-reference” risk–the most significant danger confronting the multiple-asset-class investor
- The role of Monte Carlo simulation in retirement planning
User Ratings and Reviews
4 Stars Informative Book
Asset Allocation is a well written informative book. It explains the theory behind allocation strategies and the math and examples are comprehensible for readers, such as myself, without a formal finance background. The book stops short of recommending specific allocation plans for the reader, but it certainly gives the raw tools for the reader to make more intelligent choices about proper diversification methods.
