Otton’s Seminars Reveal Strategies Investors Can Implement Despite Declining Home Loan Approvals

Aug. 22, 2012 - PRLog -- Property Expert Rick Otton continues to provide property investment tips for beginners despite being rejected by the banks, and  his recently announced  series of free ‘How to Buy a House for a Dollar’ one-day seminars  is another step towards this goal.

Lately, Australian Bureau of Statistics (ABS) figures have shown a decline in home loan approvals, which leaves most home buyers discouraged. “That is why I always urge them to think creatively, in times like this. With the current system being too much dependent on the traditional lenders, what happens is that when they fall, we are also affected,” Mr. Otton said.

Scheduled this month in 4 different locations, the property investing boot camp series was designed to deliver a wider discussion of the investment strategies Mr. Otton revealed in his “How to Buy a House for $1” book launched last May.

Mr. Otton’s property book has revealed several property strategies that do not include approaching the banks for a home loan. His strategies focus more on flexible payment terms and are perfect for people who are otherwise refused by banks—no perfect credit history, no stable employment, self-employed, among others.

“Getting a bank loan approved these days is becoming next to impossible because of the tightened criteria that lenders impose. This makes it hard for potential investors to join the property business because getting home loans is the only way they know how to make it work,” Mr. Otton explained.

Mr. Otton added that most investors are discouraged to join the real estate wagon because they have been looking at standard processes only. “There are lots of non-traditional property options out there that most people don’t know about, and most of them don’t involve banks,” said he.

For years, Mr. Otton has been sharing these strategies with his students, and his students have proven how effective and flexible his strategies are.

One of his students, 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 property deals can be done by anyone, according to Rick Otton. “All it takes is the courage to break free from the standards and opening your mind to other possibilities. You’ll never guess how many other options there are once you think outside the box,” he said.

“I’m conducting these free one-day events because I believe that everyone should have an equal shot at successful real estate investing. You’ll discover the fundamentals on how to buy and sell houses without banks, stamp duty or cash deposit,” Mr. Otton added.

For more info on these events, please visit: http://www.howtobuyahouseforadollar.com/register/?inf_cus...