Real Estate Investing - Robert Allen
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalThis Article was brought to you by:
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Investing 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 you may find this is where your passion lies… Now we will bring you Mr Robert Allen who has an amazing system of real estate investing with nothing down!
For more information, please copy and paste this link http://www.roadtoff.com
By Daniel Tang
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Entries (RSS)
March 21st, 2008 at 11:23 pm
Hello Eric,
I was reading your article re Robert Allen’s Real Estate Investing with $0…in today’s market you can do the same thing…even without a Reporter in tow!! (Read author of Chicken Soup for the soul - Jan Canfled - Success Principles. With credit as tight as it is today you may as well have $0!! BUT this too will pass and we will be out and about looking for great deals in real estate. Why is it that when the deals are incredibly good - the money to buy the deals disappear? Hummmm….
April 2nd, 2008 at 8:55 am
I am personally I protege of Robert Allen and he is an amazing man.
He definately knows what he is talking about. I am learning so much from him (it is why I got the courage to start my website).
Starting with $0 cash can be hard but I know it is doable. Personally I want to get some cash FLOW before I start investing in property. But I am really keen to.
Thanks for the article…and thanks for visiting my blog and leaving a comment