Robert Allen Critique: What does 9,999 have to do with Your Success?
Before you declare your love for Robert Allen, read this review….
What’s up guys? Today I want to talk about Robert Allen and his complete offering, and the bigger question: can you have success by following his system?
Yesterday I sat with a friend, Scott, who was visiting from Minneapolis, Minnesota. The subject of business came up, and we began talking about what it really takes to get a business off the ground.
He told me that:
- His first year in business, he lost money.
- The second year he made a little bit of money (but not enough to live off of).
- After finishing his taxes after the third year he called out to his wife and said… honey we made enough to live off of this year.
We both laughed and compared his story with Grant Cardone who said that he originally started his business and expected to replace his income in three months but it ended up taking three years. Out of that experience came his book the 10 X rule.
Have you heard of the concept that it takes around 10,000 hours to become an expert at something? Most have. Scott and I speculated that this would take about three years. We figured that on average when you start a new business you spend 10 hours a day somehow involved with that business (even if it is just thinking about it).
If you do the math, you’d discover that at the end of three years the average business owner has most likely spent 10,950 hours in their new business.
I believe so. But it’s going to take quite a bit of time. Unless you have a mentor guiding you step-by-step and showing you how to do real estate play-by-play as problems, situations and issues arise, I think that it’s a bit of a far reach.
It’s a race!
The next big question is whether or not you can become successful in your new business before you run out of money. The problem with expensive coaching programs is that you may spend all of your money that you had set aside (to survive) on the courses you’ll need in order to shorten the learning curve.
Trust me I know. I went broke exploring and chasing the real estate dream.
After my foreclosures and bankruptcy, I was fortunate enough to meet James.
He showed me how to be successful and build a business that was way less leveraged.
This video explains everything.
(Mute all distractions for the next three minutes.)
Here is the Review I promised. Enjoy
Before You Decide to Try a Real Estate Program, Check Out Reviews: Good Move btw :-)
A Look at Robert Allen
Many people dream of making it big in the real estate market. With buying and selling homes and other buildings, the potential is there to make money. However, it’s not easy to make money this way, especially if a person isn’t sure where to start. This is where experts like Robert Allen come in and claim to be able to show anyone how to get started in the real estate market and start making millions. Before spending money on one of these experts, however, a person should learn more about them and what they offer.
Background of Robert Allen’s Program
Robert Allen has been writing books and running seminars since the 1980’s to promote his program of how to buy and sell real estate to make a profit. He talks about how to buy properties without a down payment and how to find the right properties to purchase. He states that identifying distressed properties and buying from a person who is desperate to sell can help the person get the real estate for a low amount. The purchase should be made using something as collateral instead of a down payment, borrowing money for the down payment, or by obtaining seller financing to avoid a down payment. Once the property has been purchased, he talks about selling it quickly to make as much money as possible from it. Those who are interested in learning his methods can do so by purchasing his books or attending his seminars.
Products Sold by Robert Allen
Robert Allen has books available anyone can purchase. In the 1980’s he released “Nothing Down” which was updated and rereleased in the 1990’s as “Nothing Down for the 90’s.” He also provides seminars to help explain his theories and the way he buys and sells properties to make as much money as possible. He’s also helped co-author other books like “One Minute Millionaire” and people can sign up for his email campaigns to get more information. His websites offer more information on the products he has available right now and more information on how to get started if a person wants to start following his real estate program.
Pros of the Real Estate Program
The main pro of the Robert Allen Real Estate Program is that it’s targeted to people new to the real estate market and explains everything clearly and simply. He goes over the first two parts of his plan in depth to make sure a person can easily understand how he finds and buys properties without a down payment. He explains to those who read his books or attend his seminars exactly how to find the right properties to make as much money as possible. His basic premise is sound in that a person can make money off buying and selling properties if they find a great deal when purchasing a property. This is what attracts many people to the program in the first place and a little bit of success can make them stick around to learn more.
Cons of the Real Estate Program
Cons of going to a Robert Allen Real Estate Seminar or purchasing the books seems to include the cost and the trustworthiness of the author. Although it’s not too expensive to purchase Robert Allen Books, the seminars can be expensive, especially if a person needs to travel to attend one.
Robert Allen also filed for bankruptcy in 1996, which many critics feel is a sign that his program doesn’t actually work. They contend that if he was actually making enough money and that if the Robert Allen Net Worth was in the millions, a simple landslide damaging his home wouldn’t have meant he needed to file for bankruptcy, especially if he had homeowner’s insurance to cover the majority of the claim.
He also had issues with back taxes owed to the IRS, something that should have been easily covered with his profits if he was making as much money as he claimed from buying and selling homes.
Overall, the Robert Allen Reviews seem to be fairly negative. Most people feel that it’s not a good idea to entrust someone with your financial future when they do not have a hold on their own finances and when they aren’t actually on a list of wealthiest investors in America even though they claim to make millions buying and selling properties.
They believe that the fact that he filed for bankruptcy and appeared to lie about the reasoning is proof that the program doesn’t really work and that there isn’t the money to be made easily like he claims.
The reviews also talk about his methods and feel they are outdated and cannot be used in the current real estate market as he claims since there simply isn’t enough properties that are truly desperate to sell yet can bring in a high amount of cash in return.
If you’re ready to get started buying and selling real estate, remember that it’s not as easy as it might seem when reading books like these and attending seminars.
Don’t spend all of your money on learning when you could be using it to get started.
Make sure you’re following information from an expert who has been successful and will be able to help you get results.
This way, you can have a higher chance of being able to make it in the real estate field and able to make money. Although there is good information available from this program that can help a person get started, following these books and seminars doesn’t mean a person’s going to get rich quick and be able to make millions in a short amount of time simply by buying and selling homes.