(PRWEB) August 21, 2013
Social acceptance of innovative property investing strategies is gradually growing in Australia, says real estate strategist and property master, Rick Otton. During a Creative Real Estate podcast, Mr Otton reveals times have changed, with investors lending more support to techniques such as positive cash flow and vendor finance in place of banking loans.
During the podcast, the property millionaire said even real estate agents were increasingly willing to try alternate strategies.
“I heard about a man who was trying to buy a property. The sellers had it on the market for around $640,000, but he offered $600,000,” Mr Otton said.
“The real estate agent said, ‘if you haven’t got all the money, the sellers will vendor finance you for the money you haven’t got’. This just goes to show the shift in the market place as these kinds of strategies that I’ve been promoting for years are now becoming much more mainstream.”
Changing with the times
For the past two decades, Mr Otton has coached more than 35,000 property investors around the world on his ‘no-money-down’ buying and selling strategies to financial freedom.
Unlike others in the field, Mr Otton’s investment strategies do not require people to have banking finance, a deposit, stamp duty or even any real estate experience.
Mr Otton said his strategies suited the times, as Generation Y’ers were more inclined to prioritise spending money on gadgets and entertainment, than on saving money for home mortgages.
“It’s interesting because what we’re seeing is the old standards changing very, very quickly,” he said.
“My strategies are easy to copy and they work. The great thing is my students can even do property transactions remotely. When you think about it, everything these days happens digitally or on the phone, opening the way for interstate deals.”
Adelaide-based property investor, Ann Jetson, who appeared as a special guest on the podcast, said thanks to Rick Otton’s strategies, she and her husband were able to achieve positive cash flow and growth on their property portfolio.
“There’s no limit to the number of transactions we do because the banks are never going to tell you that you can’t keep making money,” she said.
‘How to Buy a House For a Dollar’ has been voted by Dymocks as well as Money Magazine as one of the top financial books for the year 2013.
To hear this, and other free podcasts from Rick Otton visit CreativeRealEstate.com.au. Phone enquiries in Australia can be made on 1300 888 450.
About Rick Otton
Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.
He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.
Mr Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.
As well Mr Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.
In 2013 Rick is celebrating the 10 year anniversary of introducing his property option strategies to real estate investors in the United Kingdom – the first person to reveal these ground-breaking strategies. In 2008 he created the first of his ‘Houses for a Pound’ strategies, upon which he grows as markets and laws evolve.
Mr Otton has been featured in a variety of television programs and magazines and in 2013 he published ‘How To Buy A House For A Dollar’ for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. A UK version is on the drawing board.
For full details of upcoming Rick Otton events visit HowToBuyAHouseForADollar.com or phone (in Australia) 1300 888 450.