Using creative real estate processes to buy and sell properties for sale is a more effective way to solve these problems, because it can easily create cash flow and provide benefits to not only the investor - but all parties in a property deal.
(PRWEB) September 15, 2013
Rick Otton, the man responsible for introducing creative real estate strategies in the United Kingdom, shares some of strategies that would allow Britons to sell properties and help them solve common financial insecurities that come up during retirement.
A study conducted by Prudential Life revealed that 26 percent out of the 10.4 million retirees in the United Kingdom are planning to sell their houses to boost their retirement fund.
Some respondents also shared that they are selling their houses to downsize and use the profits to pay off their debts. A report published by The Telegraph last 21 August 2013, revealed that 1 out of 5 retirees are still paying an average of £254 every month on their mortgage.
In a recent interview, Mr. Otton stated that “selling a property in the UK, using the traditional process, is not the only way to strengthen retirement funds and pay off existing debts.”
“Using creative real estate processes to buy and sell properties for sale is a more effective way to solve these problems, because it can easily create cash flow and provide benefits to not only the investor – but all parties in a property deal.” He pointed out.
Mr. Otton then gave examples of how his strategies can create cash flow and benefits through flexible payment terms.
“An installment contract, like the 10:10, allows people to pay for a property for sale in 10 years, but the buyer must pay 10 percent higher than the seller’s original price. This way the buyer benefits from more time to complete his payments, while the sellers just sit back and enjoy higher profits,” he explained.
“The sandwich lease contract, on the other hand, brings together people who have old, unpaid debts and those willing to undertake their payments to get into a house of their own. The benefit for the seller comes from being free of debt, while receiving small monthly payments, and the buyers realize their dream of home ownership,” Mr. Otton discussed.
“Learning these creative strategies not only helps Britons get their own houses easily, but it also shows them a new business or profession they can enter after they retire,” according to Mr. Otton.
More information about creative real estate solutions is compiled in the “Power Property Profits Pack.” You can have a copy of this limited-edition pack absolutely free of charge if you sign up at http://www.rickotton.co.uk/.
About Rick Otton
Rick Otton, renowned property investment strategist, 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, a leading property enterprise in the international markets of Australia, United Kingdom, New Zealand and the USA.
Motivated by the “Savings and Loan Crisis”, Rick received his start in alternative real estate investment in 1991 in the USA. Within a year, he had acquired 76 properties and in subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so and shares this knowledge to those who are interested to learn.
Rick spends his time between Australia and the United Kingdom, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.
In April 2013, Mr. Otton celebrated the 10th year anniversary of introducing creative real estate strategies in the UK during the Zero-Debt Property Cashflow Conference, which is held annually for people who are interested in learning more about Rick’s strategies. The 3-day conference covers all the topics discussed in How To Buy A House For A Pound and how it can be applied successfully in real life scenarios.
Rich 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. He has also recently announced the upcoming release of his book “How to Buy a House for a Pound”, which is a compendium of all the strategies a property investor needs to buy and sell houses easily in the UK without the need for traditional bank financing.
Details of Mr Otton’s UK Zero-Debt Property Cashflow Conference can be found at RickOtton.co.uk or phone, in the UK, 0207 000 1027.