Low Median Prices Do Not Guarantee Easy Property Investment, Warns Rick Otton

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Rick Otton, the author of the best-selling finance book How To Buy A House For A Dollar, shows in his Power Property Profits Pack why housing affordability is rarely affected by the drop in sale price; in light of the recent report of low median prices in SA.

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Rick Otton

Creative financing is a great way to take advantage of investment opportunities, like the ones in South Australia, because it doesn’t depend solely on large cash deposits unlike with the traditional process.

“The biggest problem that comes between an investor and a good investment opportunity are not other buyers or competitors, but the large amount of cash needed to buy an investment property,” according to Rick Otton, a renowned speaker about creative real estate strategies.

Blog.realestateview.com.au published an article on 18 November 2013 identifying South Australia as the next hot spot for property investment, because of low median house prices and high volume of constructions projects.

The report said that, with an average price of $250,000, houses in SA are cheaper than NT and WA property, but it still yields 5 percent returns which is the same average for investments in the 2 other states. SA’s Treasury and Finance department also confirmed that construction projects in the state are at a 6 year high, with the help of its home buyer grants.

“There is a big opportunity for many property investors in South Australia, but if they don’t have the cash to get in they’ll miss out on this,” Mr. Otton said in an interview for his Power Property Profits Pack.

“Investors and home buyers must realize that getting property for sale at a low price doesn’t mean buying a house will become easier, since they still need to save up or pay out a large amount of cash just to get in a property. This is where creative strategies come in and help people hard up on cash buy a house or an investment property,” he added.

“Creative financing is a great way to take advantage of investment opportunities, like the ones in South Australia, because it doesn’t depend solely on large cash deposits unlike with the traditional process. Rather than making big payments, it allows the parties to agree until when the buyer will have to make the payments and how much profit the seller could get in exchange for more time in finishing the deal,” Mr. Otton explained.

Learn more about Rick Otton’s creative real estate strategies and how you can use them in your next property investment venture through his limited-edition Power Property Profits Pack. Just visit http://www.howtobuyahouseforadollar.com/ to sign up for a free copy of the compilation.

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 or phone, in Australia, 1300 888 450.

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Jose Climaco
Rick Otton
since: 05/2010
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