Liverpool City Council To Auction Derelict Properties For £1

BONDI JUNCTION, Australia - April 23, 2013 - PRLog -- LIVERPOOL, ENGLAND (APRIL 16, 2013)-  Pioneering real estate strategist Rick Otton has been teaching citizens of U.K. the strategies of “How To Buy A House For A Pound” for over 10 years; his students has discovered and applied alternative property investment techniques, such as buying houses without large deposits and acquiring property for, literally, £1.  

These strategies are now being used by the Liverpool council in their quest to dispose houses in Granby “Four Street” and Arnside Road in Kensington, according to a report from The Telegraph.

The houses were part of the £25 million redevelopment plan with contractor, Leader1, but negotiations on the contract failed on November 2012, and the lots were boarded up since then.  

The said properties would be auctioned for £1 to locals on the grounds that they will be developed and refurbished into a decent state.

Council Finance Chief Cllr Paul Brant explained that "It's been proven to work in other parts of the region. We've seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people."  

Mr. Otton said, “Liverpool’s city council made a good decision in auctioning the properties because it will restart the area’s redevelopment and provide affordable housing for people and families that cannot afford to buy houses at regular prices.”

He also explained that, under his strategies, what the council did is called the ‘Handyman Special.’ “The ‘Handyman Special’ is the act of selling a property for £1 in exchange of sweat equity. This is gaining popularity as more people lack the cash to buy a house, but they have skills required to revive a property they wish to acquire,” he said.  
More of Rick Otton’s “How To Buy A House For A Pound” strategies will be revealed in his 3-day Zero-Debt Property Cash Flow Conference 2013 on April 19-21, 2013 at Holiday Inn Maidenhead/Windsor, United Kingdom.

Mr. Otton would also reveal secrets on how buyers, sellers, and investors can apply these techniques in reallife scenarios, using accurate case studies from his former students.

“More people and public offices should follow the lead of Liverpool’s City Council of applying alternative solutions for buying and selling houses, and registering in the 3-day conference is a positive step in arriving at unorthodox solutions for problems encountered in property investment,” said Mr. Otton.  

Rick Otton is also offering his “Power Property Profits Pack” free of charge as a special offer for his 3-day conference. Additional information on the conference and “Power Property Profits Pack” the can be can be downloaded from http://www.rickotton.co.uk (http://www.rickotton.co.uk/?inf_custom_adsource=pressrelease).

About Rick Otton

Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth.

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

Now, Otton shares the wealth by sharing the wisdom, teaching others how to buy and sell real estate without cutting banks and other middlemen in on the deal.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’. Otton has been featured in a variety of television programs and magazines.

Details of Mr Otton’s UK Zero-Debt Property Cashflow Conference are at http://www.RickOtton.co.uk (http://www.rickotton.co.uk/freecoaching/?inf_custom_adsou...)