Seller Finance Reduces Investor Risk When Entering a Rising Market, Says Rick Otton
(PRWEB) May 31, 2014 -- The Real Estate Institute of Queensland found that real estate found in the southern part of Brisbane’s CBD are among the fastest selling in Queensland, couriermail.com.au reported on 27 May 2014.
Here is a round-up of how long a property for sale stays in the market in the following suburbs:
• Cranley - 14 days
• Glenlee - 26 days
• Mansfield - 29 days
• Carina Heights - 31 days
• Annerly - 31 days
• Holland Park - 33 days
• Keperra - 34 days
• Chermside - 35 days
“Based on what’s happening there’s a strong demand for properties located in Brisbane, and when demand is strong, prices will climb. Unfortunately, when house prices are on the rise regular folks find it hard to enter the property market, because they don’t have enough money to pay for a large deposit or they have a bad credit record which makes them ineligible to receive new bank loans,” commented Rick Otton, the host of the highly anticipated seminar tour Ready, Set, Boom.
“Not to mention, those that do qualify for bank finance will need to invest a lot of money upfront, especially now that house prices are creeping up in high-demand areas. This makes it easy for an investor to overcommit to an expensive mortgage, which puts the investor at risk should the market turn unexpectedly,” he added.
Mr. Otton then said in a new interview for the second round of Ready, Set, Boom seminar tours that buying houses for sale during a property boom is not impossible if they entered the market with the help of creative strategies.
“I recommend everyone to be more creative in coming up with solutions for your property problems. Seller finance strategies offer a solution to the problems introduced by the traditional process through flexible payment terms, which won’t require a buyer to take out a new bank loan or pay for a large deposit to get started,” Mr. Otton also shared.
You can listen to Rick Otton talk about his creative strategies live in Brisbane on 15 June 2014, Sunday, and 16 June 2014, Monday. Log on to readysetboom.com.au to register for a free seat to the event.
For over 23 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – strategies in which transactions are made without the need for traditional bank-type loans.
He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular workshops across Australia, which build on the the concepts he shares in his 2012 book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
To register for one of Mr Otton’s free upcoming Australian seminars, visit ReadySetBoom.com.au or phone, in Australia, 1300 888 450.
Jose Climaco, rickotton.com, http://www.rickotton.com, +61 497081882, [email protected]
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