Nothing Down for the 2000s: Dynamic New Wealth Strategies in Real Estate this question feed

asked by ozone on November 6, 2006 11:04 AM

With more than a million copies in print, Robert Allen's Nothing Down for the '90s has probably helped more people achieve success in real estate than any book in history. Countless numbers of his readers are now financially independent and many actual millionaires attribute their wealth to his techniques. Why has this blockbuster bestseller been so successful? The answer is simple: it works! Now, in one of the most practical books you'll ever read, Robert Allen has created effective new wealth strategies for investing in real estate.

Real estate remains the one reliable investment in which profits can be made consistently, no matter where you live. Whether employment figures and stock prices are high or low, the real estate market never dries up -- it is one of the most dynamic income-producing vehicles ever created. The demand for housing will continue to be strong in most areas of the country for the foreseeable future. There will, of course, always be plenty of foreclosures, which are great opportunities to purchase properties cheaply. And, finally, mortgage qualification today is simpler than ever, with new mortgage packages that did not even exist twenty years ago.

Nothing Down for the 2000s shows you how to locate the best buys, deal with real estate agents, and manage properties, all with little -- or no -- money down. Discover step-by-step techniques and dynamic strategies to:


• Use real estate to build monthly income

• Finance bargain properties for equity or cash flow

• Guarantee and secure your retirement

• Find and profit from foreclosures before they are publicly listed

• Sell and trade for maximum gain

• Increase property value

• Use owner financing to create opportunities

• Obtain direct, legal tax cuts

• Profit from conversions

• Develop effective negotiation techniques, and much more


Excellent for beginners or experienced investors, Nothing Down for the 2000s is the key to generating low-risk, high-profit wealth and to a potential future of security and financial independence.


Reviews

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There is really no middle-ground when it comes to Robert Allen. You either like his work or you think that his concepts are risky and/or far-feteched. I personally like Allen's approach to real estate from a novice standpoint. I have utilized many of his techniques to success. However, I do caution, once you get momentum, go to the next level and make money on the buy and continue to educate yourself on the right way to remain in real estate for the long-term. This will mean studying markets and having a long-term and short term strategy. This will mean that traditional closings have the place - and can keep you out of trouble with your accountant. This will mean knowing the true cost of money.

As time progresses, I suspect that many of these practices will be regulated and closely watched. However, don't blame Allen - there are many financing structures that get sellers into becoming motivated thus these techniques are executed. Play close attention to his guidance on commecial properties, cross-collaterization, dream-teaming, and subject-to/lease option structuring - these deals are made every day.

I never had a problem with Robert and as a matter of fact consider him important to the "master of your fate" outlook. He is know more or less an information guru because like so many before and after him - real estate is the impetus for improving your financial state to (a) start the million dollar business; (b) divesify and partner into different and larger properties, and (c) meet those who exercise advanced, long-term real estate strategies that lead to successful careers.

Oh -- let it be mentioned: Robert Allen is not "breeding competition." He is well-past these stages, but is willing to share on some of his novice techniques to get you started.

Good Read - Supplement it and Educate Yourself and you all will be well if the focus and desire is there. If not: Continue to blame Allen for trying to share pearls of wisdom at a modest cost.
reviewed by ragtop on November 20, 2006 10:34 PM

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This was an all around decent book for someone desiring to get started in the real estate business. It has 30 short chapters focusing on getting into the real estate business with no money. One of which is called tapping the equity in your home. Nothing really new there. The book contains some good concepts but a lot was just common sense. If you haven't bought real estate before and don't no much about financing then this will open up your eyes to some concepts that you may not have thought of before. There is a chapter on why you should own property. One on negotiations, one on using partners and another on overcoming roadblocks to your success. There is also a chapter on how to retire in 5 years. All in about 280 pages that will go by quick.

I think the most important thing that one could recieve from this book is that anyone can do it. It doesn't take a masters degree in economics to do this stuff. I think this book can give the reader a good basic understanding of how real estate and rental property works so they too can get involved. Just remember that positive cash flow is a must!
reviewed by perfectstorm on November 26, 2006 7:38 PM

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Some of it kinda sounds farfetched, but I guess if sellers are desperate enough it could work.
reviewed by megafan on November 27, 2006 7:30 AM

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Robert G. Allen is a notorious and relentless internet spammer. If you should happen to somehow end up on one of his email lists like I did, he will send you several junk emails a day. Unsubscribing doesn't work, and trying to block the sender's domain is useless because the emails are sent from a different domain every time. The funny part is that the emails aren't even coded properly. They always show up as just a bunch of html code. Would you really take internet money-making advice from a guy who can't even code html properly? Anyway, his spamming practices are completely illegal and it's only a matter of time before the law catches up with him. But that shouldn't come as any surprise considering that mister Allen has been in trouble with the law before. He's had several run-ins with the IRS, lawsuits against him, and a chapter 7 bankruptcy. I would also stay away from his Nothing Down real estate methods. Many of those practices are illegal, and the president of the Nothing Down club in Atlanta wound up in federal prison because of it. For more info on Allen, visit johntreed dottcomm, click on Real Estate Investing, then click Real Estate Guru Ratings. Bottom line, don't trust this guy and don't buy his books. And if you're reading this Mr. Allen, take me off your @%#&*$ mailing list!!!
reviewed by waltersmith on November 29, 2006 5:55 PM

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I was actually very impressed by the material in the book and would have undoubtly given it 5 stars. BUT something very fishy made me change my mind. I applied to enroll into the Robert Allen Instiitute mentorship program for real estate investment (details are online). I got a call from the Program and a sales person like sounding gentleman, who threw around his weight and suggested multiple times that it would be an honor for me to be chosen for the mentorship program spoke to me for an hour...And then he and his supervisor suggested that if I trusted Robert Allen, I should give him my credit card number for a charge of 6000-10000$!!!!. 'It takes money to make money' he said. When I told him that he will need to tell me how many perople are actually in the program and how many actually make money, he was caught offguard...at the end of the conversation he was frankly rude and said 'Well, think about it, all you have done in your life so far is made 80000$ a year'...I mean how unclassy can you get!!...well thank you Mr Allen and your sales-people...I sure can tell how you have made your money.
reviewed by motivations on November 29, 2006 6:19 PM

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