RBA Interest Rate Cut is Not Enough to Stimulate Real Estate Investment Says Rick Otton

RBA Interest Rate Cut is Not Enough to Stimulate Real Estate Investment Says Rick Otton Australia’s Reserve Bank surprised all pundits last week by cutting the country’s official cash rate by 25 basis points, a move which took the rate to 2.75 per cent – a record low. While property investment expert Rick Otton applauds the decision, he has revealed that lower interest rates alone are not enough to get many people into their own homes.

“The decision by the Reserve Bank will certainly help those who already have bank home loans, and by continuing to make repayments at their current level, they may be able to pay off their loans faster, or have something in reserve for leaner times” said Mr Otton. Continue reading

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Australian Property Investment Bootcamp Declared ‘A Great Success’ By Rick Otton

Australian Property Investment Bootcamp Declared ‘A Great Success’ By Rick Otton Well-known for his creative approach to buying and selling houses, Rick Otton has now shared his strategies with thousands of people through the years. In his most recent three day bootcamp in Sydney, Australia, Mr. Otton has described the event as ‘a great success’, with more and more Australians now with the knowledge to buy and sell real estate without involving traditional lenders.

Many of those present had learned about Mr. Otton either through his appearances on television, through his successful property business We Buy Houses, or, most recently after reading his real estate book ‘How To Buy A House For A Dollar’.

A Motivated Group

“The men and women who attended the ‘No Money Down Bootcamp’ were motivated to make a difference to their lives through the financial freedom that property investing my way can give them” explained Mr Otton.

“That type of motivation feeds on itself, and it is contagious. Being in a room with so many people who have decided to open their minds to a new way of buying and selling property – well, there’s nothing quite like it,” Mr. Otton continued.

Mr Otton took attendees step-by-step through the different transaction techniques, and discussed how and when each one should be used.

“Each day delivered new concepts, and different business models. I explained in what circumstances each would work for both buyers and sellers; and, importantly, I went through the legal paperwork that needs to be completed for each transaction,” he said.

Creative Marketing Strategies

Innovative marketing goes hand in hand with Mr Otton’s strategies for investing in real estate, and is integral to his own We Buy Houses business.

“No business succeeds these days without marketing, and, in many ways it is vital to the success of my property investing techniques. At the Bootcamp we did discuss advertising opportunities, I also covered face-to-face engagement, and the best type of language to be used when approaching potential buyers and sellers,” said Mr Otton

“I have no doubt that the delegates left my weekend property investing bootcamp with the inspiration and tools needed to begin buying and selling houses right away.”

Plans are on the drawing board for another Australian bootcamp in 2013, along with a series of free-to-attend one day property investment seminars in each Australian capital city.

In the meantime Mr Otton is offering a Power Property Profits Pack as a no-charge download at HowToBuyAHouseForA Dollar.com.

About Rick Otton

Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.

He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.

Mr Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.

As well Mr Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.

In 2013 Rick is celebrating the 10 year anniversary of introducing his property option strategies to real estate investors in the United Kingdom – the first person to reveal these ground-breaking strategies. In 2008 he created the first of his ‘Houses for a Pound’ strategies, upon which he grows as markets and laws evolve.

Mr Otton has been featured in a variety of television programs and magazines and in 2013 he published ‘How To Buy A House For A Dollar’ for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. A UK version is on the drawing board.

Details of Mr Otton’s next open-to-the-public one day seminars can be found at HowToBuyAHouseForADollar.com or phone, in Australia 1300 888 450.

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Rick Otton Reveals How ‘We Buy Houses’ Strategies Help First Home Buyers With Affordability

Rick Otton Reveals How ‘We Buy Houses’ Strategies Help First Home Buyers With Affordability A report just published by JP Morgan has revealed that when it comes to the world’s highest house prices, Australia now ranks second behind Hong Kong. Australian property investment specialist, Rick Otton, has now revealed some of the strategies that can be used by those looking to become home owners when housing affordability is an issue.

“There are several factors that are contributing to first home buyers being priced out of the property market, particularly in the major Australian cities” said Mr Otton. “The first one is that despite the Reserve Bank cutting the cash rate quite significantly over the last year, the banks have not passed on the full rate cuts.” Continue reading

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Rick Otton to Share Property Investment Strategies for Australians at Sydney Bootcamp

Rick Otton to Share Property Investment Strategies for Australians at Sydney Bootcamp Rick Otton is well known for his innovative approach to building property portfolios, which is why his bootcamp, to begin in Sydney, Australia, on Friday, sold out well in advance of the close-off date.

The three day intensive training ‘No Money Down Bootcamp’ will explore the various non-traditional property investing strategies that Mr Otton has used to create a multi-million dollar ‘We Buy Houses’ business. Continue reading

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Rick Otton Predicts Australian Property Investment Bootcamp Will Deliver More Active Investors

Rick Otton Predicts Australian Property Investment Bootcamp Will Deliver More Active Investors With his 3 Day ‘No Money Down Bootcamp’ set to take place in Sydney from 3-5 May 2013, property investment millionaire, Rick Otton, is looking forward to sharing his creative real estate strategies with delegates whom he will teach to ‘think outside the box’.

“I will be showing those who have secured tickets to the Bootcamp exactly how to quickly and easily create their own property portfolios, even if they have no credit, equity and very little in the way of a deposit” said Mr Otton, whose own transactions are conducted through his We Buy Houses business. Continue reading

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Rick Otton Reveals Dangers of Buying Off the Plan as New Data Reveals Prices May Artificially Inflate Sydney Market

Rick Otton Reveals Dangers of Buying Off the Plan as New Data Reveals Prices May Artificially Inflate Sydney Market  In an interview today, real estate educator, Rick Otton, commented on a Herald-Sun newspaper report that revealed how offshore investors and families are flooding the Sydney real estate market and artificially inflating the price of off-the-plan apartments by up to 12 per cent.

The article revealed that as many as one in six off-the-plan apartments in Sydney are being snapped up overseas investors. Continue reading

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Rick Otton to Reveal Wealth Creation Strategies in Property as Melbourne Investors and Renters Scramble to Get a Foothold in Real Estate

Rick Otton To Share Tips To Melbourne Property InvestorsReal estate investment expert and strategist, Rick Otton, has announced seats are quickly selling out for the free-to-the-public ‘How to Buy a House for $1’ seminar he is hosting in Melbourne on April 6.

“During my one-day intensive ultimate real estate seminar, I’ll be teaching participants my easy-to-learn unconventional strategies on growth and cash flow, asset protection and how to purchase property without a deposit or bank finance,” Mr Otton said.

The event will also coach Victorian investors and renters on ways to successfully navigate the current rental crisis. Statistics recently released by researcher RP Data show that the number of suburbs where it’s cheaper to buy a home on a variable rate mortgage than to rent rose to 494 in December from 388 two months earlier.

Flurry of investment activity

Property investment analysts say investors are scrambling to snap up properties to capitalise on the lowest mortgage rates since 2009.

According to the Reserve Bank of Australia, Australian banks lowered discounted variable rates by 105 basis points in the past year to 5.65 per cent, the lowest since November 2009. Three-year fixed mortgage rates plunged 85 basis points to an average 5.45 per cent in the 12 months ended February 28, the lowest level since the central bank began collecting data in 1990.

Renters, on the other hand, are battling to pull together a deposit in the face of elevated house prices and watered down government incentives. This trend is reflected in the declining number of first-home buyers across Australia.

A win-win for all

Mr Otton said while it was certainly a prime time for investors to leap into action to make the most of rising rents and low vacancy rates, renters did not have to stay on the sidelines.

“Australians have fallen victim to a very traditional way of buying and selling property,” Mr Otton said.

“Contrary to public belief, there are proven ways to invest in property without with no deposit, banking finance or any real estate experience.

“When it comes to the rental situation in Melbourne, I will reveal to participants in my ‘How to Buy a House for $1’ seminar proven ways to get into the market with radical alternatives such as rent-to-buy options.”

To register for Mr Otton’s free Melbourne, Sydney, Brisbane and Perth property investment seminars visit HowToBuyAHouseForADollar.com.au

About Rick Otton

Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.

He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.

Mr Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.

As well Mr Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.

In 2013 Rick is celebrating the 10 year anniversary of introducing his property option strategies to real estate investors in the United Kingdom – the first person to reveal these ground-breaking strategies. In 2008 he created the first of his ‘Houses for a Pound’ strategies, upon which he grows as markets and laws evolve.

Mr Otton has been featured in a variety of television programs and magazines and in 2013 he published ‘How To Buy A House For A Dollar’ for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. A UK version is on the drawing board.

For full details of Mr Otton’s free open-to-the-public one day seminars visit HowToBuyAHouseForADollar.com.au

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Rick Otton Melbourne Property Seminar To Show Why Owners Don’t Need To Slash Prices To Sell

Melbourne Property Seminar To Show Why Owners Don't Need Price SlashesThe Herald Sun has this month reported a slowing of the Melbourne property market for the start of 2013. At a time when real estate agents are suggesting that sellers lower price expectations in order to ‘meet the market’, real estate expert Rick Otton is holding a free one day seminar to show them smarter alternatives.

“There is no doubt that the Melbourne real estate market, like the rest of Australia, is facing challenges, but I don’t believe that sellers need to drop their prices in order to achieve a positive outcome” said Mr Otton. “In fact I know they don’t.” Continue reading

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Sydney Property Investment Seminar Date Announced by Rick Otton

Sydney Property Investment Seminar Date Announced by Rick OttonFollowing the success of his 2012 real estate book ‘How To Buy A House For A Dollar’, Sydney-based property investment expert, Rick Otton, has agreed to hold a real estate seminar, which the public are invited to attend at no cost.

The free seminar has been timed to give as many aspiring property investors as possible the opportunity to attend. The Easter break will be over, and the Autumn school holidays won’t yet have commenced. Continue reading

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Rick Otton Urges NSW Residents to Consider Alternative Property Investment Strategies as First-Home Owner Levels Decline to Historic Low

Investment Properties Sydney | NSW Real EstateAustralian real estate millionaire and author, Rick Otton, will reveal many of his ‘radical’ property investment strategies at an ultimate real estate bootcamp introductory seminar in NSW next month. Mr Otton said he believed the March 16 seminar would offer much-needed alternative techniques to disillusioned home buyers and investors in the state.

Figures released by Australian Property Monitors this month have revealed the number of people in NSW looking to buy their first house fell to a 21-year low despite government incentives for first-timers.
Continue reading

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