Debt Reversal by Robert Allen

[Ali Samana]

Hi,

I have only read one book for Robert Allen (the one minute millionaire) and was searching for something else from him when I ran into an infomercial about "Debt Reversals" by Robert Allen. Its only 20 bucks, but the fact that he had to get an infomercial for it kind of made me uncomfortable.

Has anyone read his book, did you learn anything from it?

Please share!

[Rich Weese]

I'm the old guy on here and have some more info.
1. I think Nickersons' 1st book was "How I made ONE million" then the later book.

2. Robert Allen- now this is an amazing one!! Over 25 years ago, My wife and I retired and moved to Oregon. Almost drowned and moved to Provo, Utah. We bought a home high on the hill, one street from Osmond Lane.(yes, those Osmonds!) Robert lived on the same street. We attended the same religious affiliation and had LOTS of discussions on religion and soon, real estate. This is where it got fun!!
Robert had written the No Money Down and had been challenges by a television program. I think ABC, They picked a city out of the blue, and sent Robert there to use his no money down. Robert said he would buy 3 properties over the weekend. I think he bought 4. They were all overpriced, high value condos... There was no secret there. The problem would come a month later with the first mortgage pmt!! (and little or no rent!)
I had come from a more conservative background and had done seminars years before Robert ever started. He also bragged about a free and clear home, and foreign sports cars in his garage. I went to the recorders office and found home was NOT free and clear, but actually had 2 mortgages..
My concern was that he would get a lot of people in over their heads with his misrepresentations and faulty program. He went on to do exactly this. Remember, most times the first people into some program(MLMs for example) are neighbors , friends and relatives. I heard from many of them and results were crushing them.
Things went bad and Robert moved out of the area, I think CA and public records show he filed for a bankruptcy soon thereafter.
He re-surfaced with new programs, stocks, multiple income streams etc.
He has found a method with seminars, books, and internet to continue to change gears and sell new programs to new generations.
I liked Robert and we had some fun discussions. I haven't chatted with him for nearly 30 years and only have the experiences I shared with him to base opinions. Rich