Robert G Allen is a well-known
writer and a guru in the no money down real estate. Many people feel that he is
a pioneer in this field and seek his expert advice on setting up a business in this
field. He is also a gifted writer. He has authored several books and courses on
no money down real estate businesses. His most popular books are Nothing
Down, Creating Wealth, and The Challenge. All three books
were best-sellers. Robert Allen was also the founder of many Robert
Allen Nothing Down clubs across America. He has been marketing his
techniques for several years now and has been a success. Unfortunately, many of
his students do not share the same success.
Most people have
claimed that Robert G Allen’s advice is worthless. Allen conducts
seminars across the country that cost several thousand dollars to participate
in. The seminars are usually conducted in fancy hotels with a lot of pageantry
and fair. Neuro-Linguistic Programming experts add their techniques to the
seminars and make it a hypnotic experience. Most participants are uplifted and
they begin to connect emotionally with themselves. All this is only a façade to
the reality that meets them afterwards where the only way they can regain the
same state is by shelling out more money or buying tapes and books. Robert
Allen is a good speaker and attracts an audience at his seminars.
Unfortunately, his information is not always accurate. This is even worse when
several newcomers to real estate attend his seminars and take his misleading
advises as the word of God.
Robert G Allen’s own techniques
landed him in stiff stop with the IRS. Back in the 1980s he lied to the
creditor Bank of America about secondary financing on one of his early deals (one
that is particularly proud of). Later, he landed in a lot of trouble and by 1996,
he had to file for bankruptcy in San Diego. Though Allen kept telling everyone,
his bankruptcy was because of a loss he suffered on a house he was building,
the truth could hardly be hidden. Thanks to this, it seems hard to trust Robert
G Allen’s ways, especially when several people say that they are good for
nothing but at best create a negative cash flow in your bank account.
