Buy Foreclosure and Short Sale Homes

It was over twenty years ago that I attended a seminar presented by noted speaker Robert Allen. He had written a book called, "Nothing Down," that explained how you could amass a fortune in real estate with virtually no money. I joined about fifty other wannabe millionaires in a motel meeting room as he described the mystical world of real estate investing. The syllabus outlined the basic steps of finding properties that were at, or below, value, making low-ball offers and obtaining 100% mortgages. Then one would simply rent the property for a sum large enough to cover the payment and move on to the next property to repeat the process, Eventually, you might have millions of dollars worth of real estate increasing in value every year and costing you nothing. You even got to write off the maintenance fees and other property improvements, along with the mortgage interest, he stated gleefully. Somewhere along the line, I didn't realize I would be paying taxes on the rent as income, but that's a minor point. In addition, unless you had great credit and a steady job, you might have a problem finding a lender. And you most likely needed a real estate agent to help you find the qualifying property at the right price and in the right location. You also had to have enough extra savings to cover the closing costs, but I'm sure all this was spelled out in the seminar. It just wasn't the primary focus, I surmise. Instead, we were treated to a wonderful pep rally full of cheers and applause as Mr. Allen rolled out the program and told us we could, should, and probably would, all be living the good life in a few, short years. I left feeling happy, optimistic, and ready to seize that first piece of real estate. We had very little savings and therefore, had to be realistic in our beginning purchase. After excluding all the available houses that would have cost too much to close, we found a small condo in a decent area with a reasonable asking price. It was in fair shape and needed the basic repainting and window treatments. We got it a tad below the asking price and did the math. We could just about break even on the rent versus the mortgage payment. After the closing, we discovered our math was faulty. We had forgotten the pesky taxes and insurance, but, what the heck? We were on our way to riches beyond our imagination. The weekend after the deal was consummated, we got busy repainting and putting up some cheap mini-blinds. After cleaning the place and trimming the minimal landscaping around the front patio, we were ready. We placed an ad in the paper and waited for the crowds to rush over to rent the condo. And waited and waited. We had a few couples through and, after, four weeks and a few hundred dollars worth of ads later, we found a renter. We used the basic agreement recommended in the seminar and secured a deposit. They lasted one year and we had to repaint once again because of the mess they left behind. The next renter was there four months before we discovered they had large dogs, which was a direct violation of the contract. It took two months to get them out and, by then, the dogs had destroyed the carpet. The whole unit had to be recarpeted at a considerable cost. The next couple left after six months and stiffed us for the final payment, leaving in the dark one night. Another renter stole our toilet. That's right, for some unknown reason, they actually stole the downstairs toilet! Vandalism, lost rent and other absurd behavior continued for five years. During that period, we had to raise the rent to cover the escalating insurance and tax rates. We could never recoup the cost of repainting, carpeting, and replacing various appliances and fixtures. We didn't have the money or inclination to obtain any other rental properties as this loser property sapped most of our time and energy. We watched the comps in the area and the price of the condos hadn't increased in value a single dime over the course of five years. Mercifully, we got a letter from the city one day, explaining they were taking the entire complex by eminent domain to construct a freeway. We happily got back our original investment (without any profit, mind you) and left the world of investing behind us forever. My advice to would-be investors is to have realistic expectations. Not everyone makes money in real estate. Do your homework, make sure you have deep pockets, and consider how much time, effort, and savings you'll be using up. And, Mr. Allen, if you're reading this article, you are a terrific salesman and you taught me a valuable lesson. Albeit not the one you probably described in your book.

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Letters: Hunting ban
Your editorial (29 March) wants hunt supporters to let sleeping dogs lie, because their cause annoys people. ("The more they complain about their lost rights, the more opposition to their cause hardens"). This, you maintain, is on a par with the cause of smokers. But there is a huge difference.

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Bethel Glass 87, Bethel Food 55: Pete Everret was high scorer with 30 points while Tom Price added 22 and Greg Brouneisen chipped in 12 for Bethel Glass . Bethel Food was led in scoring by Kerry Clarke with 19 points and Jim Gay added 10.

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Allen in Toronto, March 9, 2002. "Very few people have influenced my life more than and one of the most In the early 1980's, Allen's "Nothing Down" was the first real estate investment seminar that I attended. As a beginning real estate investor, Alex joined the Robert Allen Institute in August 2002. Eric was promoted to Success Coach and worked in seminar development and production, Other bestselling graduates of John Kremer's Book Marketing Blast-Off Seminar include Allen, author of Multiple Streams of Income; Richard Nelson File Format: PDF/Adobe Acrobat - Quick ViewSeminar Room with coffee and dessert reception to follow at. | Beacon Hill showroom, suite 182. September 23. Boston Design Center, One Design Over the past 20 years tens of thousands of people have attended Allen's training seminars. Many of them are now financially free. http://www.linkedin.com/pub/robert-allen-lowder/1b/690/b5b (. I prefer to read about a new subject than to attend a seminar, but keep an open mind about Free E-zine & Real Estate Tele-Seminar. Sign up for Robert Allen's Real Estate E-zine and receive current reports, strategies and tips in your Email Inbox Robert Allen does these real estate seminars where they claim to show you how to do creative financing deals, flips, buy and sell notes, etc. and make lots robert has been on the tv air with infomercials. Jump to Robert G. Allen‎: One-time seminar guru and founder of many Robert Nothing Down clubs around the U.S. Allen's advice is generally Through his Enlightened Wealth Institute, Robert Allen conducts a popular series of investment and personal development seminars that continue to attract Allen, R.J., Guest Editor, Advances in Breast Reconstruction, Seminars in Plastic "Memorial Medical Center's Dr. Robert Allen, Offering Women New Mar 15, 2009 no money down robert robert book allen books robert com robert seminar robert seminars Maximizing Success offers wealth building seminars and wealth building His colossal bestseller Nothing Down established Robert as one of the most Allen does not know as much about real estate as he claims.<br /> <A rel="nofollow" . robert Seminar robert Allen Real Estate Seminar Robert is a "no fly zone". Consider him, his company, his seminars, his books, and anyone associated with promoting him as dangerous to your wallet Robert Allen Seminars – Scam? Insider Secrets Of Tags: robert allen seminar robert allen books robert allen seminars robert institute robert g Mar 13, 2009 G. is an author and popular seminar host that's most known for his work with real estate courses. Throughout the years As an alumna of Robert Allen's "Creating Wealth" seminar, I felt moved to write to thank you for taking the time to provide a much needed service to the Jan 21, 2005 PMG Mentors, EMI Mentoring Institute, Seminars, Bailey, Todd WOW I was invited to Allens Internet Success Team, a Mentor Oct 21, 2008 There's an ad for a free seminar. The crowd gets hyped with tales . in the Daily Post last weekend for more of Allen's seminars. (seminar conducted in German) June 21–July 23, 2010 (5 weeks) R. Shandley, Texas A & M University; Brent O. Peterson, Lawrence University File Format: PDF/Adobe Acrobat - Quick ViewMar 15, 2010 Dr. Robert Allen. Program Director and Professor of. Forensic Science, OSU Become a seminar sponsor! The support we receive from you and 6 posts - 3 authors - Last post: Aug 14, 2004My business partner went to a free seminar of Allen yesterday and then signed up for a 3000 dollar weekend with the guy. Not Really; One Year After Seminars, Some Gain Invest - A year ago, Marriott sponsored by the Institute, which sells real estate training 1) “As an alumna of Robert Allen's Creating Wealth seminar, I felt moved to write to thank you for taking the time to provide a much needed service to the Oct 23, 2008 The Consumerist highlights the persistent, shameless gaffes of modern consumerism - and the latest scams, rip-offs, hot deals and freebies. Robert G Allen is the famous author of books like “Multiple Streams Of Income” Features all Allen's books, courses, seminars, and other products. File Format: PDF/Adobe Acrobat - Quick ViewRobert Black. Harding University Graduate School of Religion. 1000 Cherry Road . University of Memphis Christian Student Center Seminar Robert G. Allen is an author and popular seminar host that's most known for his work with real estate courses. Throughout the years G. Allen has Over the years, Robert Allen has helped tens of thousands of people achieve wealth with his seminars and workshop's. Many were taught by Robert and Contact Us - Products and Materials - Free Webinarswww.robertgallen.com/ - Cached - SimilarRobert G. Allen - FREE Tele-seminar on Multiple Streams of IncomeRobert G. free tele-seminar on multiple streams of income. Keywords: robert allen seminar books robert seminars allen institute robert g multiple streams of income robert 10 posts - 6 authors - Last post: Mar 18Numerous "RAND" clubs were formed around the country (Robert Allen Nothing Down). After attending one of his introductory seminars,