I believe in showing people that anyone can get into real estate investing in Australia, and building a property portfolio with positive cashflow doesn’t mean massive amounts of debt or needing to have a huge income.
(PRWEB) August 22, 2013
In a recent interview, real estate strategist Rick Otton used the news of falling supply and growing confidence in residential real estate in Australia to illustrate how his way of property investing requires out-of-the-box thinking.
“I think people are still stuck in the old way of doing things. A lot of people in real estate investing in Australia still see property as property and people as people. They don’t realise that the new real estate paradigm is actually about solving people’s problems,” said Mr Otton.
The Property Council of Australia and ANZ recently released their property sector survey of confidence for the September quarter. The report found increasing optimism about residential growth across the country. At the same time, figures released by SQM Research show that for sale listings for residential properties have fallen in all capital cities compared to the same time last year, with an average rate of 5.4%.
“People look at these kinds of figures and think that real estate investment is really complex, that it’s all about percentages and values and crunching the numbers. I really can’t say this enough: it’s about people, pure and simple. The house is just the widget you use to help the people,” said Mr Otton.
Mr Otton’s non-traditional property investment strategies have created a way for many Australians to get into property without a big deposit, mortgage or real estate experience. Since the Global Financial Crisis, his focus on growth and cash flow has taken on a new resonance, with many people locked out of the “traditional” real estate market and looking for alternatives.
“I see so many people coming to my property seminars looking for a different way of doing things. All this hype about the market going up or down or sideways and values going up and down, it’s just more evidence of that old mindset. Some of the best strategies ignore the “market,” and instead ask people, ‘How can I help you with this problem?,’ Mr Otton said.
“I believe in showing people that anyone can get into real estate investing in Australia, and building a property portfolio with positive cashflow doesn’t mean massive amounts of debt or needing to have a huge income,” he added.
Dates for Mr Otton’s August seminar series across Australia have now been released, with the first one being held in Sydney on August 7. For full details of Mr Otton’s open-to-the-public free one day seminars, visit HowToBuyAHouseForADollar.com.au or phone, in Australia, 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.