Expert: Dick Dennis - 4/25/2008

Question
Dick, Robert G Allen has a convincing story about teaching people to buy property with no money down and other creative real estate investing techniques. What is the down side of those type of programs.
Thank you,
Kenneth

Answer
There is no doubt that he did what he said he did, and I have done it a few times without taking him up on his offers. But in this kind of market it is a different story. Plus you need investors (friends, relatives) to trust you and your knowledge. Example: I used my brother's $183,000 to buy a house to fix up and resell in Dec. '06. He made a profit and I made a profit. But he knew my expertise, otherwise I don't know if that purchase and sale would have happened.

You are aware that Robert G Allen went Chapter 7, right? That happened about seven years. To be fair with him, I do not know what made him go beekay. But if you really want to try what he says he does, then you really ABSOLUTELY MUST absorb yourself into the real estate market so that you know the market and opportunities more than most real estate agents. By doing that, you cannot possibly NOT make good money.

But if you want to pay Allen and learn how to do it, then go right ahead. Just remember to totally immerse yourself in the business. I wish you well.

Dick Dennis           dixiedee13@aol.com