(PRWEB) July 18, 2013
Rick Otton, successful author and property millionaire, today asked why people were so fixated on the Reserve Bank of Australias monthly decisions on interest rates.
I was asked if I was relieved on 2 July when the cash rate was unchanged by the RBA. Sometimes, people assume that because I have a lot to do with property investing, interest rates are really important to me, said Mr Otton.
I dont understand it. People pay so much attention to a couple of percentage points, as if it were life and death but with the strategies I use for property investing interest rate fluctuations dont matter at all. Being at the mercy of banks is to me a very constrained way to build long term wealth.
Mr Otton has built a successful property portfolio using non-traditional property investment strategies. His focus, outlined in his book How To Buy A House For A Dollar, is on growth and cash flow. Notably, he says getting out of the traditional savings, deposit, mortgage mindset is the key to ignoring the Reserve Banks decisions.
Ive seen too many people banging their heads up against a brick wall, thinking that they cant get into property investment for reasons that no longer hold true: because they dont have real estate experience, or a huge deposit, or masses of equity, or cant get a home loan or the interest rates are too high, said Mr Otton.
During his ultimate real estate bootcamps and real estate investment courses, Mr Otton has taught thousands of people his unique, people-focussed methods.
I love real estate, and thats why it is my full time focus. In fact, my mission is to get ten thousand Australians to buy a house for a dollar! One of my favourite moments during my seminars and bootcamps is seeing the penny (or maybe its the dollar!) drop for people, and they realise that these strategies can actually work for them.
Using my techniques and tools, you dont need to worry about whether the interest rate is low, high or tied in a bow. Its not about waiting for a number to rise or fall. Its about identifying a problem and finding a solution that works for the seller, the buyer and for you. We can leave the banks, and their mortgages and interest rates, out of it entirely, Mr Otton said.
Mr Otton has a series of live events coming up in Australia in August. Go to http://www.howtobuyahouseforadollar.com/register/ to find out how you can learn how to be impervious to interest rate fluctuations.
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 Ottons open-to-the-public free one day seminars visit HowToBuyAHouseForADollar.com.au or phone, in Australia 1300 888 450.