Robert G. Allen is a known personality in the field of marketing distressed real estate property.
His "No Money Down Real Estate" techniques have been marketed for many years, and now he is trying to get his customers into marketing some sort of vitamins.
Robert G Allen is considered a guru when dealing with distressed properties. His programs target at buying distressed properties at low prices.
His version of distressed properties includes properties that are up for foreclosure, properties whose owners are getting a divorce, owners who are not able to manage their properties due to family problems or personal problems.
Though distressed properties are good deals it is very difficult to find the right ones in today's competitive world. He mentions nothing about this in any of his programs.
Real Estate Techniques that are taught by Robert G. Allen are through seminars and "Nothing Down Clubs" all over the country.
Most people believe that he always targets inexperienced people and lure them to invest in "distressed" properties to become rich quickly.
I feel that Robert G. Allen misleads people with his seminars and other books, which could lead his customers to go bankrupt and they may even end up in jail. Most of his techniques will put you in debt.
His infamous Nothing-Down technique actually requires customer to mislead the banker or seller. These things are very evident from the fact that President of his Atlanta Robert Allen Nothing Down club went to jail for practicing the Nothing-Down technique.
Though he offers money-back guarantees for his schemes and seminars, it is next to impossible to collect the guarantee.
When it comes to getting money back from him one has to resort to the legal system only. Still there are few legal suits filed against him by the IRS.
All these real estate schemes are just fine for those who have other strong source of income otherwise you will land up in a deep financial crisis.
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