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Nothing Down: How to Buy Real Estate with Little or No Money DownSnagging.org In association with Amazon.co.ukOnline Shop | Property Guides | Kitchen & Home | Garden Tools | Power Tools | Consumer Electronics Get the Snagging Checklist Here!  List Price: £15.20 Price: £2.78 You Save: £12.42 (82%)Prices subject to change. Availability: Usually dispatched within 1-2 business days
Dewey Decimal Number: 332.6324 EAN: 9780671725587 Edition: Rev Ed ISBN: 0671725580 Label: Simon & Schuster Manufacturer: Simon & Schuster Number Of Items: 1 Number Of Pages: 362 Publication Date: October 01, 1990 Publisher: Simon & Schuster Studio: Simon & Schuster Related Items:
Average Rating:
 Rating: - Informative. Good ideas.It seems the readers of this book are very much against the techniques (because of possible bankruptcy) or very for it (because of the possibility of getting rich). I'm with the latter group; beware of naysayers. Yes, I, as much as anyone else in this world, run the possibility of going bankrupt by taking chances. But you come into this world without a shirt on your back, and after dieing your shirt will eventually disappear too. It's the interim that scares everyone--"What if I lose my shirt now?" Personally, I'd rather lose my shirt and be able to say, "Damn it, at least I tried!" And, as far as security goes, real estate is a much better investment than stocks, because at least you have more control over your building (though the neighbors might drag yours down a little). Now, I wouldn't quit my regular job (just yet), but I'd like to think that some day, using the techniques in Allen's book and that of other investment entrepreneurs, I will be able to some day. Allen's book is intellectually invigorating, and he offers concepts that can be really helpful. He doesn't suggest "cheating" anyone out of anything; rather, he promotes honesty and "I win; you win" situations. He doesn't promote ripping anyone off. I can find properties that are distressed at rock-bottom prices, fix them up, and re-sell them quickly at fair market value by offering creative terms. If the real estate market "bottoms out" and prices go down 20 percent, which contradicts trends over the past 30 years that have shown 4 to 7 percent increases per year in most major areas (except, perhaps, in areas of L.A. where there were major fires brewing several years back and many dangerous and angry people) I'm still going to make at least a 200 percent return on my investment and under-cut everyone else if I must. The beauty of real estate is that no matter the situation, everyone needs shelter. In summation of Allen's book, I'll say that I have a habit of bending the top of a page if I come across a good idea on it. After reading "Nothing Down for the 90s," half the book has bent pages. The only thing his book doesn't cover very well is the lease with option to purchase, and I think "Lease Purchase America" by John Ross covers that topic quite well (for small investments, i.e. 1-4 family buildings; it lacks for commercial investment ideas). Much like Ross's book, I'd give this one five stars, but nothing is perfect (though I think Allen's book is the best real estate investment book I've read out of over a dozen). Rating: - Full of information!Real estate investing is not for the faint of heart. But this book is well thought out and the numbers do definitely make sense. I am a real estate investor as well as a property manager and own a brokerage. The key is once you buy the property, is to make sure you have good tenants who won't trash the place and put you in a bind if they leave in the middle of the night and you have literally thousands of dollars of damage. You have to not only buy right, but have the stamina to do the management, or hire a management company who can do a good job and you still can cash flow. You make money in real estate going into the sale! You hold on to equity by finding and keeping quality tenants. Definitely not pie-in-the-sky, but rather "do-able". And you need to pick your properties carefully and remember that location is everything. Allen's book is good for those who understand the basics of real estate, but definitely not for the rookie. Rating:  - excellent bookGreat get started book in real estate. Must read for any real estate invester. This book is very encouraging and makes investing seem perhaps easier than it really is, but it is good and accurate as far as it goes. Rating:  - Bigger fool theory!Bigger fool theory is you pay any price to buy with nothing down and the next buyer will be the bigger fool, as you will ask for a higher price or more interest (terms financing) over longer time. To make a profit, you expect to sell to some other bigger fool who will pay more in financing terms of more interest or more price. What if the market prices go down, as in 90's in California real estate dropped 20% or more. Author never mentions anything of details of any profits made from selling the properties he supposedly bought nothing down... Buyer beware on this book is caveat emptor. Rating: - Creative and SpecificMy perception: if an author promises me I can build enormous wealth from nothing, the scheme is one of two things. Either I'll be learning to take advantage of someone else's ignorance, or the author is planning to do the same to me. Not so with Robert Allen's "Nothing Down for the 90s". There are ways to acquire real estate with little or no risk to the buyer and nothing up front invested. Allen is specific, detailing many creative deals he and others have made. His prose is readable and inspiring, making the book a fast and informative read. His credibility lies in this: to execute such deals requires research and cunning. "Sweat equity" in a sense, in negotiating a buy; replacing money with effort. Although these ideas are not for getting rich quick, they do enable one to buy with nothing down. Even better, the seller is happy too. Not for the faint at heart, but definitely do-able ideas.  Try searching the Internet for "Nothing Down: How to Buy Real Estate with Little or No Money Down" or Ebay for "Nothing Down: How to Buy Real Estate with Little or No Money Down". You might also be interested in the following great products:
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