(PRWEB) September 18, 2013
Real estate strategist, Rick Otton, has revealed that adult children still living with their parents have the opportunity to leave home and be financially independent if they are willing to learn creative ways of property investing. Mr Otton made these comments in response to a report by the National Housing Federation (NHF) that the lack of affordable housing in the UK is weighing financially and emotionally on parents.
The NHF said that the south west area was particularly affected with about one quarter of parents in that region still hosting an adult child. In Cornwall, houses are about 10 times the cost of the average wage, which, according to the Office for National Statistics, was just under £21,000 last year.
“While the statistics are alarming, they are not particularly surprising,” Mr Otton said. “The average cost of home is about £215,000 in Cornwall and about £225,000 in Devon. The trend is only set to get worse with house prices spiralling out of control.”
How to invest in property with no deposit
Mr Otton, a popular author and real estate educator, said that while the empty-nest syndrome seemed to be a thing of the past it is still very much a factor in this day and age. The good news is that there are alternatives which can help restore the balance to overburdened parents.
He urged twenty and thirty-something-year-olds still living at home to embrace his unique property strategies which allowed property investors to achieve long term wealth without any cash, credit or experience in the field.
“Anyone can access, for free, my radical property millionaire secrets via my Power Property Profits Pack, which is available on my website,” he said. “You may access this pack from the comforts of your own home and learn just how easy it can be to create a passive income stream through property in your own city.”
The pack includes four components: a DVD on how to buy a house without a bank, student tips on getting started in the property game, a cheat sheet on ways to buy property at a discount, and a report set on bargains, cash flow versus capital and student renovation secrets.
“While my strategies are certainly cutting edge, they are so easy to learn that even a 12-year-old can do them,” Mr Otton said.
“The most liberating thing about my real estate investing strategies is that once mastering them, you no longer have to rely on a bank loan, mortgage or invest any of your own money.”
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.