Nothing Down for the 90s: Amazon.ca: Robert G. Allen: Books

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First Sentence
November 9, 1989. Will you ever forget that day? Read the first page

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Concordance

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35 Reviews

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4.2 out of 5 stars (35 customer reviews)

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1.0 out of 5 stars Not practical, Aug 5 2003

By

Gadgester "No Time, No Money" (Mother Earth) - See all my reviews

This review is from: Nothing Down for the 90s (Hardcover)

First, you should know that this book was published in 1990. In fact, the bulk of the material was written almost twenty years ago. The concept of nothing down real estate investing is surely an alluring one, and I readily admit that the title is what drew my attention to the book. However, you should know if something sounds too good to be true, it is. Nothing down does not work in most metro areas, plus tax laws have changed so it's now harder to get tax breaks. Also because the housing market is hot in good areas -- and as the cliche goes, the three most important factors in buying real estate are location, location and location, and good locations don't come cheap -- the so-called negotiationg tricks in this book will NOT work. I've tried them here in the New York metro area and the lawyers, apparently familiar with the concept, laughed their heads off at my naivete. So take it from me, nothing in this book will really help you. Sure, if you put in 15 hours a day and slave away calling every seller, you might come across some old lady who bought her house 50 years ago for five grand and will now sell it to you for half a million with no money down, and her lawyer doesn't care, etc., but you might as well play the lottery each week and probably have a better chance of hitting the jackpot.

Of course, reading this book does show you how much of the real estate market is dominated by greed and debt. But you already knew that, didn't you?

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5.0 out of 5 stars The Original Nothing Down book, July 8 2004

By

The Cash Flow Master - See all my reviews

This review is from: Nothing Down for the 90s (Hardcover)

Back in the late 70's and early 80's there were only a handful of books on real estate investing. The most famous was Nickerson's "How I turned $1,000 into $1 Million." A good book that was aimed at the "buy and hold" real estate investor. Of course, in todays dollars, that $1,000 would be more like $10,000 - $20,000 initial investment and you would have to wait and wait and wait and deal with the three t's of tenants, toilets and turnover.

Enter Robert Allen. Allen offers a revolutionary (at the time) set of techniques to buy real estate with little or none of your own money. The system works. It worked 24 years ago and it's still working today. I would also recommend Creating Wealth and Multiple Streams of Income by Allen and Real Estate Money Machine by Wade Cook.

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5.0 out of 5 stars The original worked for my Dad, and now it's my turn..., July 2 2004

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"stoneappassionata" (Albany, NY, USA) - See all my reviews

This review is from: Nothing Down for the 90s (Hardcover)

I was always suspicious of "get rich quick" books, and all books on making lots of money in general...how does one tell BS from truth?...aren't they all BS?

I asked my dad, A financially independent, self-made man who lives on the other side of the country from me, and whom I respect a great deal, how I could get started down the same path he did.

"Nothing Down," he told me. "By Robert Allen."
And he told me the story of how he used a trick called "the double mortgage crank" to buy a building nothing down and walk away from the closing table with the deed to the building and cash in his pocket.

So I went and I bought a copy...
and what do you know...I think he was right.

This book has been a tremendous inspiration to me, and can be to anyone aspiring to make themselves a place in the world.

Robert Allen not only teaches techniques that can be used in the real-estate market, but through these techniques, you learn how to become a creative investor, and THATS where the incredible value lies.

While I'm still a bit sketchy on some of the finer points of the real-estate market (I'm roughly 2/3s through the book), it's things that can be quickly learned from experience, or through more traditional real-estate books (though I've heard that allens other books are quite good at teaching these...)..and this is the only negative thing that I can say about "nothing down for the 90s"

Even for the skeptics...at the very least, this is an informative and entertaining read...but there IS a reason why Robert Allen is #1, and this is it.

And for those who think this book is all about taking advantadge of other people...think again...this book deals with finding people who are motivated to sell their properties, and then solving their problems while solving your own. It's called "win/win business", and that seems like some very fine business to me.

I couldn't reccomend this book more...I think it will change your outlook.

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Most recent customer reviews

5.0 out of 5 stars Creative financing strategies that still work!
They say imitation is the sincerest form of flattery in which case Robert Allen should be sincerely flattered! Before Nothing Down, who else offered this advice? Read more

Published on Jun 30 2004

5.0 out of 5 stars The best--looking forward to Nothing Down 2000!
I read this book back in the 80's and it was great. I bought several income producing rnetal properties. Read more