Robert Allen

Robert Allen is a good writer who discusses a topic that is very difficult to make any money in these days. He gained his fame giving lectures on buying real estate with no money down.

There is some question as to how valuable his material is even in good times. His information is dated and there are many inaccuracies. Today however, expect to sit on any properties for some time.

If the local economy is going through a recession with lots of layoffs, you can pick up property at nice prices, but if you don't have buyers because no one has a job, or no one is moving into the area because there is no work, you'll be stuck with property you can't sell.

The interesting thing about these real estate investment schemes is that they seem to pop up just when the real estate market is at its worst. I would suppose that all the real estate "experts" need another source of income in hard times.

The teachings of Robert Allen don't appear to have any real money making value once you remove them from the seminars. There is a money-back guarantee offered by the Robert Allen Seminars, but everyone I've talked to about this, says it's nearly impossible to collect on the guarantee.

,Allen himself says you can't get a refund until you have made a real effort in a specified amount of time. And it has to be fully documented. He says you have to apply the course methods with unsuccessful results before he can grant a refund. I've read messages on the news groups from several students that claim they were still not given a refund even after making a documented effort to show that the course did not work for them.

When people buy the courses and then find out the amount of work required, they're usually turned off to the whole thing. They don't get the required documentation to allow them to get a refund, because they just don't want to hassle with the thing anymore, so they just don't apply for a refund at all.

In my opinion, to make sure they never had to make good on any of these refund requests that were piling up, Mr. Allen and/or his seminar company filed for bankruptcy several years ago.

Allen got into financial trouble with the IRS as early in 1984. In 1986, the IRS filed a $346,395.79 lien against him. He has an interesting story, but I doubt it's about making money.

The word is that Allen is now sending out bulk email soliciting customers for multi-level marketing of vitamins.

My advice is to stay away.

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