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Nothing Down for the 2000s: Dynamic New Wealth Strategies in Real Estate
vBulletin Book Store > vBulletin books beginning with N
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Nothing Down for the 2000s: Dynamic New Wealth Strategies in Real Estate |
Author: Robert G. Allen
Published: 2004-08-31 |
List price: $27.00
Our price: $19.17
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Usually ships in 24 hours
As of: December 04th, 2008 07:35:21 PM
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Customer comments on this selection.
 Great Concepts
I read this book a couple of times just to make sure I had the fundamentals right. While Robert Allen has many great ideas and ways to buy real estate with no money down, I did find it a little misleading. The bottom line is that there are many fine ways explained in this book about how to transact a purchase without initially taking any money out of your own pocket.
br /In theory, this is great. However, most of us just starting out do not have the necessary connections to do what Mr. Allen proposes in his book. Nothing Down is still well worth the reading if you are serious about expanding your portfolio. I do believe that if each step is done as Robert has explained, then you will reap the rewards.
br /Jim Fargiano, author of The Spoken Words of Spirit: Lessons From The Other Side
 Build Your Wealth With Real Estate
Robert Allen's book Nothing Down for the 2000's is a key tool for any investor to have in their personal 'toolbox'. It is full of useful information, strategies and techniques to successfully invest in real estate using little or none of your own money. I have personally purchased over $20 million worth of real estate using "No Money Down" strategies, solid proof that this works! Check it out at www.MillionaireRiches.com
Teaches a lot
I can see why people are successful reading this book. Interestingly, he begins with the real issue in one's life - what do they really want to do with their lives?
It's a start!
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 creative real estate does not equate to illegal if done the right way with the right team - and can keep you out of trouble with your accountant. This will mean knowing the true cost of money (time value, strategy for each property, situation of the Seller, your situation and access to resources, etc.)
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br /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.
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br /I never had a problem with Allen and as a matter of fact consider him important to the "master of your fate" outlook. He is now 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.
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br /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.
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br /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.
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 Getting Started in Real Estate
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.
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br /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!
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