Nothing Down for the 90s
In this book, last revised in 1984, Allen preaches the gospel of material success through real estate investment. His system involves identifying properties (primarily multi-unit dwellings) that can be had on excellent terms or below market value because the sellers ("don't wanters") are anxious to get rid of them, then devising creative ways to borrow money (from banks, partners, or even the seller) for the down payment. Allen's hucksterism may grate, but he delivers the goods: dozens of fully realized "nothing down" techniques with financial details. Since the savings and loan crisis will dump staggering amounts of foreclosed real estate on the market, with Uncle Sam as the ultimate "don't wanter," this may be big news for the '90s. Recommended.- Jack Ray, Loyola/Notre Dame Lib., BaltimoreCopyright 1990 Reed Business Information, Inc.