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.
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