Real Estate Investing - Robert Allen
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalInvesting Using $0!!!
In the search for someone who could teach us churn out massive amount of income using real estate investments, we found Robert Allen. He found instant fame in real estate realms when The Los Angeles Times took him up on his challenge. He made this claimed,
“Send me to any city in America, take away my wallet, Give me $100 for living expenses and in 72 hours I will buy you an excellent property, all with none of my own money.”
They flew him to San Francisco with an L.A. times Reporter. In 57 hours I had purchased 7 properties worth $722,000. And those assets are worth almost triple that amount.
The Challenge Continues…
For his next #1 best seller, he did the St. Louis Challenge. He said:
“Send me to any unemployment line. Let me select someone who is broke, out of work, discouraged. Let me teach him in two day’s time the secrets of wealth. And in 90 days he’ll be back on his feet, with $5,000 cash in the bank, never to set foot in an unemployment line again…”
He selected a young couple from the unemployment lines of St. Louis, Missouri. Ninety days later they had earned $5,000 using one of his techniques.
In the next 12 months they had earned over $100,000.
The Steps To Real Estate Investment
Real estate investing is almost like any other forms of investments. There are basically these steps:
Step 1: Buy A Bargain Property At A Discount
(selling for much less than its worth)
Step 2: Sell It At A Much Higher Price Than You Bought
(not difficult since market value is higher than what you have bought at.)
Before your start firing off a series of burning questions of but how, how how? We want you to hold your horses and be educated in this wonderful world of real estate investing. Who knows yo (more…)



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