Robert Allen

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Hey again. Iwanted to find out about the real estate guru Robert Allen. I haven't read One Minute Millionaire because I'm just starting out. I just know about Allen because I've heard his name mentioned on TV and online.

Does he have a good course worth buying? Can anyone tell me more about him?

Thank you.

[Tom Bukacek]

In my experience, I've known many people who join seminars and read books about RE investing. The main reason for failure is lack of action. They take the courses or read the books but never do anything with the knowledge. Then they blame the seminar company and the books they read. There's no cure for lack of action in real estate.

Ask yourself a simple question before investing in education: If you receive information on a subject, will you act upon it?

I have an MBA from U of Phoenix. UOP coursework requires a ton of teamwork, and you may be with the same group of 4 or 5 people throughout the entire program. Of the 5 people in my group, 2 aren't having any real success. Is this the fault of the individuals or the fault of UOP?

I network on a consistent basis with about 40 active investors in the Austin area. The majority of them were educated through an education / seminar company and had success. Very few people that I know just learned through books only. And, in my opinion, you should invest, whether it's a seminar company or a mentorship program. You make a mistake, it can wipe your life savings away.

Also, you'll be amazed at how many opportunities you are missing if you do not understand and recognize multiple strategies. Knowledge pays. Ignorance doesn't.

For me, getting involved in an education company made sense. I've gone to high school, gone to college, received an MBA. I'm used to taking classes to learn. But not everyone has to learn this way. I know this style works for me so I did it. But it may not work for everyone. Others prefer having a mentor tell them what to do every step and giving a high percentage of their deals to the person. Analyze how you learn, and educate yourself in that manner.

Most education companies should take a sale or two to pay back. Therefore, if you plan on a long term investing career, it may be a good investments. For me, it was a smart decision. The big question is which one to use?

I don't sell educational seminars and am not going to be a commercial for one. Not the point of the post. The point of the post is this:

YOU are responsible for your success. Your success will not come from a book or a seminar company, but what you do with the information. Understand how your learn, put yourself in that environment, and take action. The success or failure is 100% on you!