(PRWEB) September 26, 2013
Real estate strategist, Rick Otton, has challenged warnings from The Institute of Directors, a leading economic think-tank, that a housing pricing cap could damage the property sector. Mr Otton has instead urged that UK property investors achieve long term wealth by ignoring trend-of-the-moment expert advice altogether.
The Institute of Directors says calls by industry bodies on the Bank of England to step in and limit house prices to avoid a boom-and-bust housing cycle would have a disastrous effect.
Graeme Leach, Chief Economist at the Institute of Directors, said: “The Government is already subsidising mortgages in an effort to stimulate demand, and if the Bank of England were to step in and limit house price increases then the state would be pressing the brake and the accelerator at the same time. The most effective intervention government can make in the housing market is to liberalise the planning system and make it far, far easier for homes to be built.”
Mr Otton, an Australian bestselling author and real estate educator who regularly hosts ultimate wealth summits in the UK at which he shares his property millionaire secrets, said the obsession over housing prices was reaching a tipping point.
“While it’s true that housing prices, particularly in London, are surging, it is often fear mongering on the part of industry experts who say that families could be priced out of the housing market,” Mr Otton said.
Unique property deals
Mr Otton said while only time would tell whether or not a housing bubble would develop, it was essential for all Britons to understand that there were proven ways to invest in property with no deposit whatsoever.
“Over the years, I’ve shown scores of students how to buy a house even with no cash, credit or real estate experience,” he said.
“Using my no-money-down and easy-to-copy unique property investing strategies, my students have learnt how to generate growth and cash flow while building up a multiple property portfolio.”
Mr Otton said anyone interested in his techniques could download his free Power Property Profits Pack on his website RickOtton.co.uk.
The pack includes four components: a DVD on how to buy a house without a bank, student tips to 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.
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.