Rick Otton Strategies to Help ‘Generation Rent’ Get Out of The Renting Cycle and On The Property Ladder

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Rick Otton, the mentor of many students and property experts in the United Kingdom, wrote in his recently updated Free Report how vendor finance strategies can help millions of renters in the United Kingdom use some of their monthly rent into as a deposit for a house for sale.

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With creative strategies, monthly rental payments are not just dead rent. These strategies help people rent for a certain period then have the opportunity to buy it at the end.

"Renters should be made aware they no longer have to pay dead, it is possible to become a home owner. If they’re willing to be creative in solving their property problems, rental payments can go towards the purchase of a house for sale," revealed Rick Otton, an authority in buying and selling houses with creative strategies.

New data from Savills revealed that United Kingdom’s "Generation Rent" is composed of around Britons aged between 25 to 44 years old, and those between 35 to 44 years old are the fastest growing demographic, (Property Wire reported on 9 December 2013).

The news study claims that many from "Generation Rent" will not be able to buy their own homes, because State subsidy in housing and welfare are more focused on low-income households rather than concentrating programs on a wider demographic.

"It’s not surprising that more and more people are turning to houses for rent now that house prices have gone so high up. Affordability is a big issue with a lot of middle class families and it’s impossible to find a property which is truly affordable with the current state of the market," according to Mr. Otton in a recent interview for his Free Report.

"However, those living in the United Kingdom shouldn’t accept property to rent is the standard, since there are other ways to buy houses without going through the traditional process such as saving up a large amount of cash for a deposit or even applying for a new loan with the bank," he said.

Mr. Otton then shared that renters could use their monthly rentals as a stepping stone into home ownership with the help of a creative strategies.

"With creative strategies, monthly rental payments are not just dead rent. These strategies help people rent for a certain period then have the opportunity to buy it at the end," he explained.

"Monthly payments in this kind of setup go towards a deposit you can use when you decide to purchase the houses for rent, rather than going straight to the pocket of your land lords so you don’t have to wait for years just to save up a deposit for a house," he added.

You can discover more creative strategies for buying and selling houses or sign up for a copy of Rick Otton’s Free Report at http://www.rickotton.co.uk./freereport.

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 Report at http://www.rickotton.co.uk/freereport, 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.

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Jose Climaco
Rick Otton
since: 05/2010
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