The traditional lenders have really tightened the criteria for home loan approval
(PRWEB) August 02, 2012
For years Australian property investment strategist, Rick Otton, has been urging consumers to think outside the box when buying and selling real estate. Now, as Australian Bureau of Statistics (ABS) figures show a fall in home loan approvals, he is taking his message to live audiences in a free property investment seminar for Aussies.
To be held in Sydney, Parramatta, Melbourne, Preston and Brisbane, the live and free one day workshops have been created to expand on the strategies Mr Otton revealed in his How To Buy A House For A Dollar book, released earlier this year. His techniques include completing property transactions without the need to approach traditional lenders for home loans - and being refused for many reasons.
“The traditional lenders have really tightened the criteria for home loan approval. This impacts the ability of many people to enter the property investment arena, particularly those who are self-employed, who do not have a large deposit, or who have no credit history” said Mr Otton.
“The sad thing is that there are non-bank-loan options available, and during these real estate investing seminar series - which are absolutely free - I will explain those opportunities” he continued.
Mr Otton has been teaching these strategies for years, particularly in Australia and the UK, and his former students are testament to how workable they are.
One, W. Revell from Victoria said “The deal I did recently was done remotely in Queensland. I put a transaction together for a group of sellers who were a bit troubled by making their repayments. The house sold for $305,000 (the agents couldn’t sell it for $287,000). I got in buyers, a truck-driver husband and a nurse wife. They had had trouble with some credit reports in the past, and it was an opportunity for them to get in and own their own home now. I made $20,000.”
These deals, Mr Otton says, are not unusual.
“I’m putting on these free events, valued at $1,597, to educate the masses about creative ways to buy and sell houses without a bank, a deposit, stamp duty and with little or none of their own money” he said.
To register for a seminar in Melbourne, Preston, Sydney, Parramatta or Brisbane, or for more information visit HowToBuyAHouseForADollar.com/register
About Rick Otton
Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth. Now, he’s teaching other Aussies how to do the same.
Otton is the founder and CEO of We Buy Houses, which operates in the U.S., U.K., Australia and New Zealand putting his strategies to work every day.
Otton got his start in alternative real estate investment in 1991 and within a year acquired 76 properties. In years after, Otton made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate.
Now, Otton wants to share the wealth by sharing the wisdom, teaching Aussies how to buy and sell real estate without cutting banks and other middlemen in on the deal.
Otton has been featured in a variety of television programs and magazines, including Today Tonight, A Current Affair, Australian Property Investor and more.
You can learn more about Otton and how to invest in residential real estate without using banks at http://www.rickotton.com.
Details of Mr Otton’s free one day training events can be found at HowToBuyAHouseForADollar.com/register