You can only appreciate or understand something if you know how it works.
(PRWEB) April 10, 2012
The property market is going through a challenging time right now; that’s why property investment specialist Rick Otton believes that it is important for property investors to be wise in making decisions in regards to real estate investing.
With this in mind, Mr. Otton has recently released a free creative real estate podcast discussing the advantages and disadvantages of turnkey versus do-it-yourself investment, together with one of his most successful students Ben Chistlett.
“I always remind my students that once they decide to join the property market, they should analyze first what type of real estate investment would be suitable for them. It is by making a thorough study of the current property atmosphere that an investor can realize which strategies will make them successful and help them make money in real estate,” Mr. Otton explained.
The 35-minute video examined the effects and surrounding circumstance of turnkey investment and reveals details that most investors fail to recognize when buying properties.
“When buying turnkey stuff, we don’t really know the stuff’s market price until someone tries to sell it to what we call the secondhand market. That’s the only time when you really find the true value of what it is you just paid for,” Mr. Otton said.
“Investors always assume that the property will increase in value and that people will see more value in it than what he’s seen. What they don’t realize is that turnkey properties are damaging to the value of nearby properties,” Mr. Chislett seconded.
Compared to turnkey investment, Mr. Otton believes that do-it-yourself investment is much more practical because you will learn the skills needed in real estate investing, therefore you can use the strategies over and over again. It is offers the investors the greatest chance of becoming financially independent.
“You can appreciate or understand something if you know how it works. And when you understand it, you can make a good judgment of it. This is how I formulated my property investment strategies, by understanding first how things work,” he said.
Known for his innovative property investment strategies, Rick Otton has taught thousands of students—from ordinary people to professional investors, how to spend no money while creating positive cash flow through real estate investment.
The video can be accessed at http://bit.ly/GUFngp
Read up on Rick Otton’s strategies here: http://www.creativerealestate.com.au/
About Rick Otton
Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.
In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.
Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.
In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.
He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.
Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.
Rick Otton can be contacted via his website http://www.creativerealestate.com.au/