While it’s understandable that aspiring home owners and property investors are feeling confident about the market’s buoyancy amid such positive media reports, they need to consider the serious consequences of plunging into massive mortgage debt.
(PRWEB) December 11, 2013
Prices of houses and flats in the UK are on the up with demand outweighing supply in some areas. Many first-time property investors are unsurprisingly uncertain how to navigate these waters, but real estate advocate, Rick Otton, has revealed that they can access timeless strategies that while non-conventional, work.
According to recently-released figures from Nationwide, the UK’s second largest mortgage lender, house prices are now rising at 6.5% a year, up from 5.8% a month ago. It said the average price of a house or flat is £174,566, the highest since April 2008.
Nationwide said the improvement was the result of the better outlook in the jobs market, and "a brighter economic outlook, which has helped to bolster sentiment.”
Mr Otton – an Australian self-made real estate millionaire renowned for his unorthodox strategies that promote access to property ownership without new bank loans, cash or experience – said mortgage approvals in the UK were also rising.
“While it’s understandable that aspiring home owners and property investors are feeling confident about the market’s buoyancy amid such positive media reports, they need to consider the serious consequences of plunging into massive mortgage debt,” Mr Otton said.
“I would ask them the questions, ‘How would it feel to instead achieve your dream of accumulating a resilient property portfolio without having to spend any of your own cash, and without leaning on traditional banking finance. What if you can learn property investing strategies that work in any location and market cycle’?”
For almost two decades, the real estate educator has mentored tens of thousands of students in different parts of the world to buy, sell and trade residential property without getting bank loans or acquiring debt, using little or none of their own cash.
While he regularly holds intensive and hands-on ultimate wealth summits, people can also access a complimentary, downloadable, Power Property Profits Pack on his website, RickOtton.co.uk.
The exclusive pack includes various tools such as a video and report on Mr Otton’s latest tips and strategies.
“My website is also full of information via blogs, latest news, student success testimonials and information on upcoming events,” he said.
Access Mr Otton’s free downloadable Power Property Profits Pack at http://www.RickOtton.co.uk, and learn 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.
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, Australian 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, and 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.