Day Trading the Real Estate Techniques for Buying and Selling Houses The Same Day
Getting Started in Real Estate Day Trading
Proven Techniques for Buying and Selling Houses The Same Day Using The Internet
+ Start Full-Time, Part-Time or Free-Time!
+ Works In Any Market, Anywhere, Without Cash, Credit or Experience!
+ Buy and Sell 1, 3 or 10 house a month and never leave home all with Limited Risk!
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 online system for how to buy and sell 5-10 houses a month, how to to analyze, research, and find the properties, buyers, and others needed for the transaction.
The author has 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: Tiktok, Facebook, 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.
Content
Section I
Real Estate Day Trading: A New Way to Make Big Money Buying and Selling Houses the Same Day 1
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.
Chapter 2
Real Estate Day Trading: A Business Done Entirely by Phone, Fax, E-Mail, and Internet 9
Time Line for a Typical Deal 9
The 10-Step Day Trading Process 9
Step 1. Define Your Target Properties 10
Step 2. Separate Good Deals from Bad Deals 10
Step 3. Build a Database of Motivated Buyers 11
Step 4. Create an Influx of Motivated Sellers 11
Step 5. Put a Reliable Source of Funding in Place 11
Step 6. Build Your Dream Team of Trained Professionals 12
Step 7. Prepare Your Buying and Selling Contracts 12
Step 8. Start Day Trading 12
Step 9. Use Advanced Techniques to Create a Buying Frenzy 12
Step 10. Take Yourself Out of the Loop 13
What You Need to Get Started 13
Section II
Set Up Your Own Day Trading Money System and Start Making
$5,000 to $10,000 Cash Paydays in 30 Days 15
Chapter 3
It’s Easier to Find a House for a Buyer than a Buyer for a House: Get
Investors Lined Up to Buy (Wholesale) from You 17
It’s All about Finding Houses for Buyers 18
Real Estate Day Trading versus Real Estate Investment 18
Think Like a Supplier 19
What Kinds of Houses Do They Buy? 19
Low Income Doesn’t Mean No Income 21
Most Houses Are Not for You 21
Goldilocks Houses—Not Too Big, Not Too Small, Just Right 21
Avoid Townhouses and Condos, Multifamily Houses, and
VA/FHA-Owned Houses 22
Chapter 4
Instant Property Analysis to Identify Profitable Deals 25
More Offers Mean More Money 25
Two Simple Questions 27
What Will It Sell for after It’s Repaired? 28
How Much Will It Cost to Repair? 29
A Third Question You Need to Ask 32
Short Selling Is Not the Best Way to Day Trade Houses 32
Run the Numbers 36
Do an Instant Property Analysis 36
Buy Houses Sight Unseen 38
An Exception to Fixer-Upper Properties—Instant Landlord
Properties 38
Day Trading Luxury Homes 39
Three Types of Deals 40
Day Trading Not Investing 41
Make Your Deals Irresistible to Buyers 41
Chapter 5
Use the Internet and Web 2.0 to Build a Database of
Motivated Buyers 45
Why You Need a Database of Buyers before You Ever Talk to
Sellers or Realtors 45
What Is a Database? 46
Types of Database Software You Can Use 47
Automate or Die 47
Use Autoresponders to Stay in Constant Contact 48
The Fortune Is in the Follow-Up 49
Branding with Name, Logo, and Business Cards 49
Ways to Build Your Buyers Database 51
Marketing 51
Networking 55
Prospecting 58
Tabbed Browsing to Speed Up Your Searching 60
Answering Services and Call Capture Services to Handle Your
Incoming Phone Calls 61
Answering Service 63
Call Capture Service 64
Vanity Numbers 66
Chapter 6
Find Motivated Sellers—Cherry-Pick the Hottest Bargains at below
Wholesale Prices 67
Marketing 69
Co-Op Advertising 69
Bandit Signs 70
Business Cards 72
Flyers 74
Postcards 74
Classified Newspaper Ads and Free Online Classifieds 76
Vehicle Signs 79
Billboards 79
Take One Box 79
Door Hangers 79
Promotional Items 80
Ads on Buses and Bus Benches 80
Direct Mail 80
Google 82
Networking 85
Estate Investors Associations 85
Word-of-Mouth Advertising 85
Bird Dogs 86
Prospecting 86
Look for the Gap 86
Houses Already on the Market 87
Houses about to Hit the Market 93
Vacant Houses 95
Owners by Default 99
Defaults and Foreclosures 100
Tired Landlords 101
Damaged Houses 102
Farming a Market 102
Chapter 7
Secrets of Day Funding: Get 24-Hour Fast Cash 103
Show Me the Money 104
Where You Don’t Get the Money 104
Borrow on Your Credit Cards 105
Borrow on Your Life Insurance 106
Borrow on Your Home 107
Open Reserve Checking Accounts 107
Borrow from Your Self-Directed IRA 107
Sell Nonessential, Personal Possessions on eBay 109
Use Unsecured Peer-to-Peer Lending Sites 109
Get Small Business Loans Online 110
Try Short-Term Business Loans 111
Use Microlenders 111
Find Day Funders 112
Get the Names and Addresses of Angel Investors in
Your Area 115
Consider Partners Carefully 115
Chapter 8
Assemble Your Virtual Online Dream Team 117
With Real Estate Contractors, Professionalism Is
Everything 117
Know What You Are Looking For 118
Find Good Rehab Contractors 119
Prescreen General Rehab Contractors 121
For Appraisers, Availability Is the Key 122
Find a Good Appraiser 123
Prescreen Appraisers 123
When Choosing a Title Company, Service Is King 124
Find Title Companies 125
Home Inspection Services 125
Find a Good Home Inspection Service 125
Prescreen Home Inspection Services 126
Real Estate Attorneys Protect Your Back 127
Find a Good Real Estate Attorney 127
Prescreen Real Estate Attorneys 128
Chapter 9
Risk-Free, Win-Win, Simple Contracts: Structure Buying and Selling
Contracts to Make Your Deals Risk Free 131
Contracts for Buying through Realtors 131
Contracts for Buying from Owners/Sellers 132
Clauses in Contracts to Buy Properties 133
Must-Have Clauses in Contracts with Sellers 134
One Clause That You Do Not Need 134
Contracts for Selling to Investors 135
Addendums to Contracts of Sale 137
Chapter 10
Negotiation Scripts and Tips for Getting Your Deals Accepted 149
What to Say on Your First Phone Call to Owners/Sellers 150
What to Say on Your First Phone Call to Realty
Listing Agents 152
Make Multiple Offers with One Deposit Check 155
Provide Proof of Funds 155
Negotiating One-Liners That Work Like a Charm 155
Secrets to Successful Negotiations 156
Adopt a Win-Win Attitude 156
Develop and Maintain Trust 157
Use Your Power of Leverage 157
Be Patient and Confident 157
Always Be Willing to Walk Away 158
Chapter 11
Due Diligence: Separating Fact from Opinion—Verify Everything
They Told You on the First Phone Call 159
Order the Title Search 160
Control Contractors to Get a Valid Repair Estimate 161
Treat Good Contractors Like Gold 164
Use Home Inspectors for Properties That Need a Lot of Work 165
Find Out the Real Deal on the Neighborhood 165
Cancel a Contract and/or Negotiate a Better Deal 166
Validate Appraisals to Find Out What the Property
Is Really Worth 168
Read/Evaluate an Appraisal Report in Three Seconds Flat 169
Chapter 12
Online Bidding Wars: Create an Insider List of Prequalified,
Supermotivated Buyers Who Can and Will Buy Your Houses in Two
Hours or Less 171
Turn Up the Heat and Create a Buying Frenzy 171
The Secret of the Whisper Campaign 172
Scarcity of Time 172
Scarcity of Access: Create a Two-Hour Head Start Short List 174
Make Sure They Are Qualified before You Click Send 174
Hard Money Lenders Prequalify Your Buyers for You 174
Secure Backup Contracts 175
Get Contract Extensions from Your Seller 177
Chapter 13
Let’s Get Paid: Bought at 10:00 am, Sold at 10:30 am 179
Creative Ways to Close Your Deals without Money 180
Assignment of Contract 181
Assignment of Beneficial Interest 181
Subject To 183
Options 185
Simultaneous Closing 189
Physical Closing 190
Chapter 14
Duplicate and Delegate: Put 92 Percent of the Work on Autopilot and
Streamline the Rest 191
Duplicate Yourself 192
Hire Virtual Assistants 192
Hire In-House Property Acquisition Managers 194
Property Acquisition Managers:
Commission-Based Employees 195
Hiring Property Acquisition Managers 195
Managing Property Acquisition Managers 196
Chapter 15
Quick Start Your $5,000 to $10,000 Day Trading Paydays 197
Now What Do You Do? 197
Four-Step Quick-Start Checklist 198
Advanced Day Trading Education—Yours Free 198
