Market cycles do not determine if your investment will fail or not. You’ve got to understand that good investment opportunities can be created in any market condition.
(PRWEB) May 16, 2014
A new RP Data-Nine Rewards survey showed that there was a 12 percent drop in people who believed that now is a good time to buy property for sale, Heraldsun.com.au reported on 30 April 2014.
Last year, around 80 percent of respondents thought it was a good time to buy houses for sale, but now that level has dropped to 68 percent.
“One of the most popular principles in property investment is that timing is key when buying houses for sale. As the saying goes ‘strike while the iron is hot’. Therefore, people flock the market when prices are poised to climb continuously, but they tend to stay away from the market once house prices start to remain stagnant,” according to Rick Otton, the host of the highly anticipated Ready, Set, Boom tour.
Mr. Otton explains in a new interview for the second round of his Ready, Set, BOOM tour this year that there is no good or bad timing when buying property for sale.
“Market cycles do not determine if your investment will fail or not. You’ve got to understand that good investment opportunities can be created in any market condition. All that you need are proper tools to help you create profit making opportunities, even when the market starts to change,” commented Mr. Otton.
“Many of my students have moved on to become successful property investors because they have transacted property using flexible seller finance terms, which removes the common barriers to buying houses such as taking out new bank loans or paying large upfront fees. By applying flexible payment terms, investors can minimise the risk of overcommitting to expensive mortgages and, at the same time, lock in a passive income stream, regardless of what happens in the market,” he added.
Don’t miss out on your opprtunity to listen to Rick Otton talk about his creative real estate strategies LIVE in Melbourne on the 29th of June 2014, Sunday, and the 30th of June 2014, Monday. Visit readysetboom.com.au to register for your free seat at 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.