Liverpool City Bosses Adapt Otton’s Cutting-edge Strategy to Sell Derelict Houses for a Pound

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Liverpool Council is auctioning houses for a Pound in their attempt to sell derelict properties in a failed regeneration zone. Their plan closely resembles the investment strategy taught by renowned Real Estate Investor Rick Otton, who is scheduled to host his next property meet in the UK this April.

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Live Property Investing Training Event With Rick Otton

It’s a good opportunity to learn alternative ways to buy and sell houses. We need to start to look at the process of buying and selling property, see what needs to be changed to solve the current problems.

In an attempt to sell off hundreds of houses in the Granby Triangle, the Liverpool council has decided to auction the houses off for £1 after redevelopment plans with Leader1 have been shelved November last year, recent reports say.

The move to sell off the houses for a pound comes with the condition that the buyers should bring up the houses into decent standards. “This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities,” deputy mayor and council finance chief Cllr Paul Brant said.

Real estate expert and innovator Rick Otton believes that this move will not only kick start the redevelopment of the area, but will open opportunities for property investing in Liverpool and the UK as a whole.

“This is a good decision on the part of the Liverpool council because not only have they solved the stagnant redevelopment plans for Granby, this also made home ownership possible for people who cannot afford one,” Rick Otton said.

For more than 10 years, Rick Otton has been teaching his students creative ways to buy properties. In last year’s property meet, Mr. Otton has taught UK investors how to buy and sell houses for only a pound.

“There are several ways to buy houses for a pound, the council’s plan is just one of them. This is similar to one of my strategies which I call Handyman Special. It is easy to find someone who was short on a cash deposit, but had the skills and desire to renovate the property, which would be their sweat equity. The cash required to buy a house these days is one commodity a lot of people just don’t have – but a lot of people have the desire and the ability to do the work,” Mr. Otton explained.

This April, Rick Otton will be going back to the UK to share new developments in his strategies and how these can be applied by buyers, sellers and investors. In the 3-day event entitled Zero Debt Property Cash Flow, Mr. Otton will not only reveal strategies to buy a house for a pound, he will also solve actual real estate investing problems by the students.

“It’s a good opportunity to learn alternative ways to buy and sell houses, just like what the Liverpool council is doing. We need to start to look at the process of buying and selling property, see what needs to be changed to solve the current problems, and then do it differently. Because this isn’t really about property when you get down to it. It’s about process,” he continued.

Download Mr. Otton’s power property profits pack to get an outline of the strategies he will discuss during the Zero Debt Property Cash Flow 2013: http://www.rickotton.co.uk

About Rick Otton

Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth. He is the founder and CEO of We Buy Houses, which operates in the U.S., U.K., Australia and New Zealand putting his strategies to work every day. Otton received his start in alternative real estate investment in 1991 and within a year acquired 76 properties. In the following years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate.

These days Mr Otton shares his progressive property strategies as a real estate educator, teaching others how to buy and sell real estate without cutting banks and other middlemen in on the deal. In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’. Otton has been featured in a variety of television programs and magazines.
Details of Mr Otton’s UK Zero-Debt Property Cashflow Conference are at RickOtton.co.uk

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