Aside from the many wealth building tools in Creating Wealth, what I found particularly interesting were the creative financing techniques on buying real estate.
In Creating Wealth Robert G. Allen explains in clear simple language, how anyone can locate the best buys, negotiate, deal with real estate agents and manage properties.
Allen shows you how to solve your immediate cash-flow problems and build equity for the future. Best of all, he shows you how to do it with the least amount of your own money---even with no money down.
Allen became a self made millionaire by using his own "Nothing Down" approach, demolishes the notion that "it takes money to make money," and offers imaginative and practical income producing formulas. Further, Allen shows you how to do this without large down payments.
Followers of Allen's methods have been overwhelmingly successful in building up sizable equity in several properties simultaneously.
Many people have found that buying real estate with Nothing Down is not all that difficult. The real problem is generating cash flow and staying out of trouble once you take over the property.
Allen devotes an entire chapter called Leverage: I love debt to show you how to buy right and an additional chapter called How to overcome the major obstacles that leverage creates to help keep out of trouble.
In Creating Wealth, Allen offers 8 Nothing Down techniques, a property analysis form, a grid chart and scripts to call on prospective sellers (don't wanters)
The book provides specific techniques for:
* Successful Negotiation
* Tax-free retirement in 5 years
* Direct, legal tax cuts
* Financing
* Locating bargain properties
* Selling and trading for maximum gain
* Increasing property value
* Overcoming the biggest roadblocks to success
In chapter 12, Allen discloses the enormous profits in discounted mortgages, offers sample ads to run, strategies and fundamentals on how to structure the deals.
Creating Wealth was a great book when it came out and it is still a great book. Disregard reviewers who say this book is too old or outdated (I guess they missed the fact that it was updated, revised and re-released in 2006). The techniques still work and there are many revisions. Ask anyone who has actually used the strategies. Ask anyone who has actually read the book, not just the free stuff on Amazon. And don't listen to those paper tigers who write nonsense and have no real world investing or business experience and probably never even read Creating Wealth.
Also recommend Mr. Allen's Multiple Streams of Income for those looking for ways to generate streams of residual income outside of real estate investing.
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