The traditional lenders have made it very difficult for first home buyers and the self-employed particularly, to secure a mortgage
(PRWEB) September 28, 2011
Despite continuing gloom and doom in the global economy, the property market in Sydney, Australia, according to a report in the Sydney Morning Herald of September 26, remains firm. Australia has weathered the global downturn well, at least so far, which has created unique opportunities for those looking for property options that allow them to enter the market in erstwhile challenging times.
Creative property options specialist, Rick Otton, from WeBuyHouses.com, has for decades provided unique solutions for those wanting to enter the property market, but who do not meet the stringent criteria of traditional lenders.
Especially in times such as these, he believes, where the banks have tightened their lending guidelines, many potential Australian property investors are unable to seize the opportunity to pick up reasonably priced properties.
“The traditional lenders have made it very difficult for first home buyers and the self-employed particularly, to secure a mortgage. However, the truth is that it is possible to become a property owner or investor without having to negotiate all of the obstacles that the banks put in the way,” said Mr Otton.
“My students have learned the strategies that allow them to invest in positive cash-flow properties, without a hefty deposit, and without having to meet the too-stringent criteria of the banks,” he continued. “And for Sydney-siders, my next ‘No Money Down Bootcamp’ is coming at an ideal time - when the market is firm, and with prices yet to recover from the impact of the global economic downturn.”
Focus on Positive Gearing
Just about everyone, Mr Otton believes, has heard of negatively-geared real estate, where you hope for tax benefits along the way while you wait, sometimes decades, to profit from your investment.
In teaching his ‘No Money Down’ strategies, Otton reveals how to find and fund ‘buy and hold’ properties, and to add tools to accelerate the process, like his rent to by strategy.
“I show investors how to control the property without getting finance from a bank, and using very little of their own money. It is an ideal strategy in today’s marketplace.
Sydney No Money Down Bootcamp
Rick Otton’s Sydney ‘No Money Down Bootcamp’ is being held 14-16 October 2011, and more details are available right now at http://www.rickotton.com/bootcamp.htm
About Rick Otton
Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.
In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.
Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.
In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.
He has appeared in the following Australian TV programs: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.
Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secret.
Find out more about the Sydney No Money Down Bootcamp at http://bit.ly/qROejn
# # #