People don’t realise that they can get into the property market with a one-pound transaction, even without a city council program. It always surprises me that the concept makes such big news – as if it is really something new.
(PRWEB) November 13, 2013
UK Property authority Rick Otton today commented on the rise of schemes that allow people to buy a house for a pound. There have been a number of these ventures recently in the UK, driven by city councils or housing charities, that sell derelict properties for £1 to people on lower incomes, who then commit to renovating and living in the properties.
“I think it’s great that organisations are taking the initiative to help people who are struggling to get into home ownership, and at the same time rehabilitating neighbourhoods,” said Mr Otton. “But at the same time it's a shame that so many more people don’t realise that they can get into the property market with a one-pound transaction, even without a city council program. It always surprises me that the concept makes such big news – as if it is really something new.”
Unmet Demand for Information on Bargain Properties
Mr Otton has been teaching ordinary people in the UK and overseas how to buy a house for a pound for the past decade using non-traditional property investment strategies. As a professional property investor, he focusses on ways to set up property deals that solve people’s property problems, creating a win-win situation for the seller and the buyer.
“There is obviously a huge unmet demand out there for this sort of information. The Liverpool City Council scheme had over 1,000 applicants for 20 houses, and another in Stoke-on-Trent had some 600 expressions of interest for 35 houses. People are fed up with the high prices and the difficulty of buying property the traditional way, and are looking for innovative approaches,” Mr Otton said.
Sharing His Innovative Strategies
As well as managing his property portfolio, the property authority travels the world spreading his message about the new paradigm of real estate investment, one that doesn’t involve crushing bank loans or unattainable deposits. As part of his mission to help ordinary people buy homes, he will hold a three-day property investment conference in March 2014. Earlybird tickets are available until 6 January at rickotton.co.uk.
“I invite anyone interested in buying a house for a pound to come along to my UK property seminar to find out how to do it with any property, not just one that’s derelict and needs to be fixed up,” declared Mr Otton.
“In the meantime I encourage all aspiring property investors in the UK to download the free resources on my website.”
About Rick Otton
Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australia and the United States. His creative ‘low-risk, high-reward’ approach to buying and selling houses is exemplified in his own business, We Buy Houses.
This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative ‘Buy A House For A Pound’ process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.
In 2012 Rick Otton published his Australian book ‘How To Buy A House For A Dollar’ which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.
Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
Access his free downloadable Power Property Profits Pack at RickOtton.co.uk, as are the details of early bird pricing for his next UK 3-day real estate training conference in March 2014. Phone enquiries in the UK are welcome on 0207 000 1027.