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A Doctorate in Business. Really? What is that? Does Jack Welch, or any of the MBA's that work at The Boston Consulting Group have one? But no-money down real estate investing teachers need one? HoustonRealNews is impressed at the lengths salespeople will go to convince their consumers that a product is legitimate. That begs the question - is Dr. Albert Lowry a legitimate "guru" from whom to learn? GURU ANALYSIS First, let's look at the positives. If you are a Realty Investment Club of Houston (RICH) member, then you owe a lot to Lowry. He spoke as recently as June of 2005 at an afternoon session. From the perspective of real estate investing, Dr. Lowry has "been there and done that" in about every way imaginable. Reports from his speaking engagements is that he probably knows as much or more than anyone in real estate. He, at one point, was a William Nickerson disciple, and made money teaching seminars and forming clubs nationwide (out of which RICH originated). As noted in the Nickerson Profile, buying, rehabbing and earning a long-term nest egg are primary. Downpayments were a part of the mix. LOWRY'S ROAD TO DAMASCUS Something changed with Albert Lowry. Nickerson spoke of saving for four years before investing. Lowry promotes how one weekend can make you a millionaire. Maybe some of the speaking competitors took clients by selling no-money down. In case you haven't guessed, more people have no money than some money. And more people prefer to save no money than live frugally, another Nickerson principle. In fact, the two go hand-in-hand, creating a whole new market for real estate investors. Imagine, Dr. Lowry teaching conscientious savers, looking to keep working a day job and work extra hours to identify real estate opportunities. Those types are generally pretty stingy with their money and discriminating in their tastes. HoustonRealNews surmises that sales grew considerably when Dr. Lowry began pitching to people who do not want to save, and get just as wealthy as those who do. BAD THINGS HAPPEN TO GOOD PEOPLE Being frugal is no fun. Unsubstantiated and unchallenged rumor on the web has it that Dr. Lowry landed himself in bankruptcy (Chapter 7) when the market went down in the mid-1980's on a Lake Tahoe Development. Dr. Lowry wasn't finished sharing his real estate wisdom with the world after the late 1980's. And plenty of people go bankrupt and survive with reputations intact, such as He goes on speaking tours and writes article. Our favorite article is a peach he was handing out to some of the Investment Associations in 2004. How can prices crash when housing is scarce???Our resident MBA has to be restrained from responding. HoustonRealNews would feel better about Al Lowry if his Doctorate in Business could answer that question without needing us. Unfortunately for Dr. Lowry, speaking and promoting real estate may pay better than thinking through an answer to his own question. But does it pay enough? Or do his real estate deals pay enough? More unsubstantiated internet rumors report that Dr. Lowry pushes PrePaid Legal signups at his events. If you have any comments, or would like another Guru reviewed, please email. Other Gurus Albert Lowry Darius Barazandeh Donald Trump Jeffrey Kaller - Mr. Pre-Foreclosure Mentoring Mr. Landlord - Jeffrey Taylor Overview Robert Allen Robert Cain Ron LeGrand William Nickerson Return to Real Estate Gurus |
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