Homebuyers who use creative strategies can also get a house using only their resources, since it allows flexible payment arrangements between the buyer and seller.
(PRWEB) November 03, 2013
Rick Otton, the author of the best-selling finance book How To Buy A House For A Dollar, shares tips for first home buyers on how they can take advantage of real estate affordably, quickly and without setting foot into a bank.
On the 31st page of the October 28 2013 issue of The Telegraph, it was reported that cash-rich property investors were driving property prices to go up forcing out first home buyers from their chance on becoming homeowners. The telegraph reported that lenders were becoming increasingly more difficult to find and that first-home buyers comprised just 13.7 per cent of new mortgages, a nine-year low.
“It’s true that competition for property for sale has become tighter with the increased presence of investors in the market, but first home buyers don’t need to follow the report’s recommendations because there is an easier way of buying houses for sale with the help of creative strategies,” Mr. Otton revealed in a recent interview.
“For many years, people have used creative strategies to buy and sell houses without paying a large amount of deposit or even using new home loans just to get into them, that’s why there’s no need ask the bank or government’s help for financial assistance whether it be before or during house hunting,” he explained.
“Homebuyers who use creative strategies can also get a house using only their resources, since it allows flexible payment arrangements between the buyer and seller. This kind of leverage eliminates the need to team up with other people to get a property,” he added.
Mr. Otton the discussed that after the global financial crisis more and more homebuyers have been attracted to the benefits of creative solutions for their real estate problems.
“People only want the benefits of owning a house and not the building itself. So it’s important to share with them some solutions on how they can easily get a house fast, using less cash, and without scrutinizing their credit score,” he shared.
Discover more investment property tips from Rick Otton with the help of the limited-edition Power Property Profits Pack.
Visit http://www.howtobuyahouseforadollar.com/ to get a copy of the compilation delivered to your home free of charge.
About Rick Otton
For over 23 years, property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – strategies in which transactions are made without the need for traditional bank-type loans.
He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
To register for one of Mr Otton’s free Australian one day seminars visit HowToBuyAHouseForADollar.com.au or phone, in Australia, 1300 888 450.