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Nothing Down for the 2000s: Dynamic New Wealth Strategies in Real Estate
With more than a million copies in print, Robert Allen's Nothing Down for the '90s has probably helped more people achieve success in real estate than any book in history. Countless numbers of his readers are now financially independent and many actual millionaires attribute their wealth to his techniques. Why has this blockbuster bestseller been so successful? The answer is it works! Now, in one of the most practical books you'll ever read, Robert Allen has created effective new wealth strategies for investing in real estate. Real estate remains the one reliable investment in which profits can be made consistently, no matter where you live. Whether employment figures and stock prices are high or low, the real estate market never dries up -- it is one of the most dynamic income-producing vehicles ever created. The demand for housing will continue to be strong in most areas of the country for the foreseeable future. There will, of course, always be plenty of foreclosures, which are great opportunities to purchase properties cheaply. And, finally, mortgage qualification today is simpler than ever, with new mortgage packages that did not even exist twenty years ago. Nothing Down for the 2000s shows you how to locate the best buys, deal with real estate agents, and manage properties, all with little -- or no -- money down. Discover step-by-step techniques and dynamic strategies ? Use real estate to build monthly income ? Finance bargain properties for equity or cash flow ? Guarantee and secure your retirement ? Find and profit from foreclosures before they are publicly listed ? Sell and trade for maximum gain ? Increase property value ? Use owner financing to create opportunities ? Obtain direct, legal tax cuts ? Profit from conversions ? Develop effective negotiation techniques, and much more Excellent for beginners or experienced investors, Nothing Down for the 2000s is the key to generating low-risk, high-profit wealth and to a potential future of security and financial independence.
320 pages, Hardcover
First published January 1, 2004
39 people are currently reading
354 people want to read
About the author
Robert G. Allen
100 books133 followersRobert G. Allen's first book, the colossal #1 New York Times bestseller, Nothing Down: How to Buy Real Estate with Little or No Money Down, is the largest selling real estate investment book in history, and established "Bob" as one of the most influential investment advisors of all time.
In his following bestsellers, Creating Wealth, The Challenge, and Multiple Streams of Income, he expanded on his highly profitable techniques and philosophy. Today there are thousands of millionaires who attribute their success to their contact with Bob.
He is a popular television and radio guest, appearing on hundreds of radio and television programs and podcasts. His books have over four million copies in print.
It is his purpose in life to help you achieve your dreams.
In his following bestsellers, Creating Wealth, The Challenge, and Multiple Streams of Income, he expanded on his highly profitable techniques and philosophy. Today there are thousands of millionaires who attribute their success to their contact with Bob.
He is a popular television and radio guest, appearing on hundreds of radio and television programs and podcasts. His books have over four million copies in print.
It is his purpose in life to help you achieve your dreams.
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Displaying 1 - 7 of 7 reviews
July 1, 2011
Pretty good as an introduction to properties.. but it still doesn't deal with the quintessential problem of how to get a good amount of downpayment to keep buying more properties as time goes on.
September 29, 2019
Updated version of the original classic.
Fantastic book for anyone interested in learning how to make money with real estate.
Robert covers all the bases. This book is a complete kit, with valuable information for both the novice and the seasoned investor. His negotiation tips are effective and ethical. He breaks down "creative real estate" in a way that allows anyone to grasp it.
This book will provide you with the knowledge to do things with real estate that, most people, even today, didn't know were possible.
I would credit the lessons learned from this book for at least 90% of the success I have had in real estate.
Thank you Robert!
Fantastic book for anyone interested in learning how to make money with real estate.
Robert covers all the bases. This book is a complete kit, with valuable information for both the novice and the seasoned investor. His negotiation tips are effective and ethical. He breaks down "creative real estate" in a way that allows anyone to grasp it.
This book will provide you with the knowledge to do things with real estate that, most people, even today, didn't know were possible.
I would credit the lessons learned from this book for at least 90% of the success I have had in real estate.
Thank you Robert!
October 11, 2016
I really like the opening of the book. Allen mentions that most people have the American dream backwards and think that money is the first step to them following their passions. He proclaims that pursuing passions comes first and money comes as a later result. This is a good note to start out on for this book, as most who will read it will do so with intentions to make lots of money. Allen reminds readers that if you don't truly love something, it's unlikely to result in lots of money, but if you do love something, the journey that you take in doing that thing is it's own reward.
Compared to Karen Nelson Bells book that I read previously, Nothing Down for Women, which was a spinoff of this book, Nothing Down for the 2000's is definitely the better and more thorough book. They are both pretty good, but if you only had an option to get one, this is the one to get. It has much more detailed info that I think is better explained. I came across some things I didn't know in this book, that I didn't get from the ND4W. Allen discusses how return on investments in real-estate are not just cash flow, but equity, appreciation, and tax savings too. I also was introduced to the concept of amortization of a loan. Good stuff!
Allen presents several ways to creatively finance deals. Some of them are simple to grasp. Others are a little above my comprehension as a novice. This allows for room to grow as an investor, and will certainly be a book that I refer back to in the future as I become more advanced. I suggest that one have a basic understanding of basic concepts in real-estate. For example, you should know what a mortgage is, you should understand the concept of appreciation and other basic things.
Allen begins and ends the book on broad general notes that are not necessarily about real-estate, but important to ones success in the industry. These are helpful reminders that although profit may be an intention, that's not what it's all about. It's about learning to make deals and having good relationships with people, it's about knowing how to market, and loving what you do among other things. The meat and potatoes of the book are the endless ways in which you can creatively fund and make money from your deals. I wouldn't say that Allen gives step by step instructions, but he does give some pretty solid examples of success stories. He does offer some great information on what to do in order to find a bargain property, how to analyze if something is a good bargain, tips on negotiating with buyers as well as brokers, and also what to do if you buy a bad property.
The main takeaways for me here is that there is ample opportunity to obtain an abundance of wealth. It is not unrealistic to have an annual income in the hundreds of thousands or millions. This book is also helpful in helping to overcome the road blocks that may be stopping one from investing in real-estate in the first place–the main road block being fear. Once you overcome the fear and analysis paralysis, the opportunities are literally endless. We make decisions to invest in things everyday, we just don't realize it. With most of those things we see little to no return. Compared to this, real-estate is a worthwhile risk. Most people are afraid of losing money, but think about the money that has already been lost by not taking any action at all. Losing money is inevitable because the things we want and need cost, but don't let your income be limited to what a traditional job pays because that is extremely limiting. I recommend this book if you are a novice, who only knows some basic things and also if you are more advanced and have a few deals under your belt. This would allow you to add to your knowledge base and increase what you already have.
Compared to Karen Nelson Bells book that I read previously, Nothing Down for Women, which was a spinoff of this book, Nothing Down for the 2000's is definitely the better and more thorough book. They are both pretty good, but if you only had an option to get one, this is the one to get. It has much more detailed info that I think is better explained. I came across some things I didn't know in this book, that I didn't get from the ND4W. Allen discusses how return on investments in real-estate are not just cash flow, but equity, appreciation, and tax savings too. I also was introduced to the concept of amortization of a loan. Good stuff!
Allen presents several ways to creatively finance deals. Some of them are simple to grasp. Others are a little above my comprehension as a novice. This allows for room to grow as an investor, and will certainly be a book that I refer back to in the future as I become more advanced. I suggest that one have a basic understanding of basic concepts in real-estate. For example, you should know what a mortgage is, you should understand the concept of appreciation and other basic things.
Allen begins and ends the book on broad general notes that are not necessarily about real-estate, but important to ones success in the industry. These are helpful reminders that although profit may be an intention, that's not what it's all about. It's about learning to make deals and having good relationships with people, it's about knowing how to market, and loving what you do among other things. The meat and potatoes of the book are the endless ways in which you can creatively fund and make money from your deals. I wouldn't say that Allen gives step by step instructions, but he does give some pretty solid examples of success stories. He does offer some great information on what to do in order to find a bargain property, how to analyze if something is a good bargain, tips on negotiating with buyers as well as brokers, and also what to do if you buy a bad property.
The main takeaways for me here is that there is ample opportunity to obtain an abundance of wealth. It is not unrealistic to have an annual income in the hundreds of thousands or millions. This book is also helpful in helping to overcome the road blocks that may be stopping one from investing in real-estate in the first place–the main road block being fear. Once you overcome the fear and analysis paralysis, the opportunities are literally endless. We make decisions to invest in things everyday, we just don't realize it. With most of those things we see little to no return. Compared to this, real-estate is a worthwhile risk. Most people are afraid of losing money, but think about the money that has already been lost by not taking any action at all. Losing money is inevitable because the things we want and need cost, but don't let your income be limited to what a traditional job pays because that is extremely limiting. I recommend this book if you are a novice, who only knows some basic things and also if you are more advanced and have a few deals under your belt. This would allow you to add to your knowledge base and increase what you already have.
October 21, 2007
This is a great book on real estate investing. Have you ever thought that would enjoy investing in real estate but thought you didn't have the time, money, our know-how? Robert Allen shows that anybody can invest in real estate with a little faith, creative thinking, & gumption. A great read, I would recommend it.
July 22, 2008
It takes some discipline to really follow along with the book but the content is phenomenal!
November 24, 2011
This has more specifics on alternative/creative financing approaches to real estate investment. Very informative.
October 25, 2012
One word = Shady
Displaying 1 - 7 of 7 reviews