right now, many people are already struggling to save money for a deposit because house prices increase faster than their capacity to save. These kinds of problems push a lot of people to postpone or give up their dream of home ownership.
(PRWEB) September 30, 2013
Rick Otton, the innovative mind behind creative real estate strategies, is concerned with the impact of rapid and continuous Sydney property price increases on its residents, which is why his first stop, during the last stretch of his 2013 Book Tour, is in Sydney this 12 October 2013.
SQM Research revealed in their newest “Housing Boom and Bust Report” that they’re expecting Sydney real estate prices to soar between 15 to 20 percent in 2014. This was published in a report News.com.au, which was released last 17 September 2013.
Mr. Otton reminded people, in a recent interview, that the average Sydney property price is currently at $690,064, and that he is concerned that a 20 percent price hike would “further discourage many Syndeysiders from getting their own Sydney real estate.”
Mr. Otton explained further that, “right now, many people are already struggling to save money for a deposit because house prices increase faster than their capacity to save. These kinds of problems push a lot of people to postpone or give up their dream of home ownership.”
“There is still an easy and affordable solution to these property problems, despite the extreme prices of Sydney property,” he reassured struggling home buyers in the area.
“The creative strategies I have taught my students, and which I will share in upcoming Sydney property event, offers an alternative way to home ownership, which does not require buyers to save large amounts of money or even pass a loan application to the bank,” Mr. Otton pointed out.
He explained that this is possible because his strategies depend on alternative and flexible payment terms, instead of just following the traditional process.
“The sandwich lease option, for example, lets sellers, who are having a hard time paying their existing home loans, partner up with buyers, who are willing to take over the monthly payments on a loan. Letting other people ‘babysit ’ old loans not only cuts the need to get new ones, but it also lessens the up-front payment for a Sydney property,” Mr. Otton shared.
Meet Rick Otton, in the flesh, and learn more about his creative property solutions by joining him in his one-day Sydney real estate event on 12 October 2013. More information about his 2013 How to Buy a House for a Dollar book tour may be found in http://www.howtobuyahouseforadollar.com.
About Rick Otton
Rick Otton is the Australian property coach responsible for creating the creative real estate strategies used in buying and selling houses which are in negative equity. He has been investing in property for 22 years, and he has helped around 30,000 people reach their property goals in the span of his career.
He developed creative real estate strategies in 1991 during the “Savings and Loan Crisis” in the United States of America. With the help of the strategy’s prototype and his wife- Jane Otton, he was able to accumulate 76 properties in just 1 year. Mr. Otton constantly updates and improves these strategies as changes are introduced to related legislations and housing regulations.
The immediate success of the strategies prompted him to start the real estate company We Buy Houses Pty Ltd. Mr. Otton is currently the company’s Chief Executive Officer and they now operate business in Australia, New Zealand, U.K., and U.S.A .
Recently, Mr. Otton achieved his life-long dream of publishing his own book- How To Buy A House For A Dollar. It is a compendium of all the strategies a property investor needs to buy and sell houses easily without the need for traditional bank financing.
How To Buy A House For A Dollar received critical acclaim in Australia; making it to the list of Top 10 Most Popular Finance Title for 2013 as voted by Money Magazine and Dymocks Book stores.
Mr. Otton also regularly conducts one-day seminars, free of charge around Australia about his book. The How To Buy A House For A Dollar One Day Live Event brings together seasoned experts of creative strategies with new students for an interactive discussion of the book’s contents.
More information about Rick Otton’s book tour can be found in http://www.howtobuyahouseforadollar.com/ or call 1300 888 450 if you’re in Australia.