Author : Robert G Allen
Publish : 2003
Language : English
File Type : PDF
Review : This book contains the true stories of a group of people selected from the unemployment lines of St. Louis, Missouri. They were selected to help me prove that ANYONE, regardless of their current financial circumstances, can start on the Road to Wealth and achieve financial success in a short period of time.
You might be wondering how this story came about. As you might know, I’m famous for my many media challenges. My first and most famous challenge took place with the Los Angeles Times. To help promote my New York Times bestseller, Nothing Down, I had said : “Send me to any city in the United States. Take away my wallet. Give me $100 for living expenses. And in 72 hours I’ll buy an excellent piece of real estate using none of my own money.”
Well, little could I have imagined that the Los Angeles Times would take me up on my challenge and drop me in San Francisco with an LA Times reporter. On the front page of the LA Times business section a few weeks later the headline exclaimed: Buy Home Without Cash: Boastful Investor Accepts Times Challenge and Wins. The article describes how I bought not just one property, but 6 properties, all in 57 hours and gave the reporter $20 back in change.
But as I shared this success story with other members of the media, they were still skeptical. They assumed that I could do this, but that no “ordinary” person could do it. So I made the following statement: “Send me to any unemployment line. Let me select someone who is broke, out of work and discouraged. In two days time, I’ll teach them the secrets to wealth. And in 90 days they’ll be back on their feet with $5,000 cash in the bank, never to set foot in an unemployment line again.”
The book you are now reading is the result of that challenge. You’ll walk through the process of how I selected the 3 candidates and what they were able to accomplish in a very short period of time. As you read these pages, you’ll recognize immediately that the prices of real estate have dramatically changed over the 25 years since this story took place. However, the principles in this book are still true and timeless. Real estate is still the fastest way to wealth for the average person (despite what the media says.) There are more bargains today that there have ever been and all you need to do is to find 10 to 20 great real estate deals to retire comfortably. This book will teach you how to do just that.
You’ll also learn how valuable it is to have a mentor to watch over you during the beginning stages of your investing career. Some of our “unemployed” students passed over deal after deal because they were still learning how to recognize a good deal when it was right in front of their eyes. With time and coaching they were able to spot these “diamonds in the rough.” And so will you.
Enjoy the story. I wish you well on your journey to wealth.
By Robert G Allen
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