Rick Otton Shares Essential Tool Kits For Successful Sydney Property Investment

(PRWEB) July 29, 2013

The world is full of unrealized dreams because a lot of people are not given the chance to find or learn the right tool kit to accomplish their goals, said Rick Otton, host of the Creative Real Estate iTunes podcast, in a recent episode.

Mr. Otton made this statement as a response to news reports that 29 percent of all real estate investments in the country are coming from foreign investors because he believes that more locals should play an active role in Australias real estate market most especially in Sydney – as the current vacancy rate in the city further dropped to 1.7 percent in April.

He said that more Sydneysiders would be interested to enter Sydney property investment if they were taught creative real estate processes, so he proceeded to share some of his experiences when he was starting out.

I always buddied-up with other people in order to buy houses. I would use their money to pay the sellers, while I would run around town arranging the paper works and the deals. This was a great way to start out because I got 100 per cent of the learning with minimal risks, he shared.

Mr. Otton also advised potential Sydney property investors to ask themselves the following questions: what is the game plan? and what do you plan to get out of the investment? Answering these questions will help an investor focus on the goals that he must accomplish with his investment, Mr. Otton said.

Mr. Otton, however, reminded potential investors that they should always think with the end in mind, which means preparing for an exit strategy if the original plans dont turn out as planned.

People must understand that the road to success is a step by step process and that road will, eventually, break down if all the steps are not followed. Treat your mistakes as a growth step, so you wouldnt be easily discouraged when facing difficult situations, he added.

Mr. Otton will be discussing more tips on how regular Aussies can achieve success with Sydney property investment in his upcoming one-day seminar on 7 August at Sydney. You can log on to http://www.howtobuyahouseforadollar.com/ now to register early.

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 upcoming How to Buy a House for a Dollar seminars in major cities across the nation, visit HowToBuyAHouseForADollar.com or phone, in Australia 1300 888 450.

For general information about Mr Otton, visit http://www.RickOtton.com

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