Robert Allen
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Robert Allen: We are torn, where Robert Allen is concerned. Author of the book "Nothing Down" in the '80's, which is an excellent primer for new investors, we are impressed with his creativeness, and his manner of getting a person "fired up". He is very good at that. Perhaps too good. He now uses that same type of "pep talk" to finesse people out of a lot of their hard-earned money. Not that his products are not worthwhile - perhaps that are. But certainly not at the ultimate price he charges! He has since written "Nothing Down for the '90's" - but it offers little that is new. Mr. Allen co-authored "One Minute Millionaire", and is now into "information marketing". It appears Robert Allen filed bankruptcy in July of 1996, as indicated in case number 96-09323-LA for the San Diego Bankruptcy court. We are not sure anyone should trust the health of their financial future to someone who declared bankruptcy. In all fairness, we should say that Robert Allen claims the bankruptcy was due to a landslide that destroyed his home. However, though that sounds good on the surface, our question would then be, "Was not the home insured?" If yes, why the bankruptcy? If no, is it not financially irresponsible not to insure such a home? And, if a person has accumulated the level of wealth that Robert Allen claims, why would just one loss force him into bankruptcy? So, we still do not understand why anyone should be expected to trust their financial future to someone so deficient in money matters. Since Mr. Allen was hit with an IRS lien of over a third of a million dollars in 1986, we suspect such financial difficulties had a lot to do with his filing for bankruptcy. There were also $76,000 in tax delinquencies to the state of Utah, and a second IRS tax lien for over $65,000, as well as lawsuits and judgements for about $100,000 in unpaid fees to speakers at his seminars. In short, it appears that Robert Allen has had significant financial troubles over the years. Perhaps Mr. Allen's "new methods" are very good - we cannot say. All we can say is that we would want more credibility from someone who wants people to pay big money to learn from him. Robert Allen was right, once - the secret to wealth is real estate. If you are truly interested in really learning how to make money in real estate, pay under $70 and receive the benefit of free, unlimited coaching, "The Simple Man's Guide to Real Estate"®, is worth considering. Written by Bill Vaughn, the man who developed most modern "flipping" strategies in the '70's, and who originated the "reverse mortgage" in 1988 (which has since been adopted by many banks), the program is comprehensive, simple and their personal coaches are actual, practicing investors who volunteer (it's free) on a not-for-profit basis to help others.It is the only low cost program found that provides free, unlimited coaching from actual investors. And their instant download (full version) allows you to start immediately. Of special note: IntelliBiz, publisher of "The Simple Man's Guide to Real Estate" has a good record at the BBB. This program is worth a look! Return to Guru Comparison Home Page IntelliBiz |
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