Rick Otton Shows The Way Out For "Generation Rent"
Professional property investor Rick Otton has revealed his property magic strategies that the UK's “Generation Rent” can use to escape having to save for over a decade for a house deposit.
(PRWEB) July 02, 2013
A new report has revealed that it will take 6-11 years for the average couple to save a mortgage deposit for a property outside of London – and an average of 14 years for a single person. In response, property investment expert Rick Otton has revealed his strategies for using non-traditional property investment strategies that just about anyone can use to get into the UK market much sooner.
The analysis, commissioned by homeless charity Shelter, also found that a single person looking to buy in London would take on average 30 years to get a big enough deposit together to buy a house in the traditional way – with a bank mortgage. The news isn't much better for couples, with an 11 year wait to buy a house—and if you want to have kids, add another decade to that.
“I think it's a terrible shame that people's property goals are being pushed further and further away because they don't know how to invest in property with no deposit. This is exactly why I do what I do, so I can show people the path to financial freedom and long term wealth,” said Mr Otton.
Regional housing crisis
The Shelter report also shows that the while London is the worst, the story doesn't get much better in the rest of the country. In almost two-thirds of the country, a couple with a child would have to save for a deposit for more than ten years.
“I strongly believe it's time to change the way we view property investment in the UK. With low levels of housing stock and an increasingly expensive rental market, rent to buy property options offer a way to get ahead,” said Mr Otton.
The Shelter report highlights the potential for a significant impact on families across the UK due to the long wait to buy a house. It reveals that a lot of young people will face years on the rental merry-go-round, with rising rent prices and unstable housing. Equally unpalatable is the option of living well into their thirties with their parents.
Getting out of “Generation rent”
“My property millionaire secrets help the average person get in to real estate investment without saving for a third of your life just for the ‘privilege' of being able to have a giant bank loan,” said Mr Otton.
Mr Otton is a property investment mentor who has held a number of sold-out property seminars for Britons, showcasing his unique property investment strategies. Using his methods, people can get into the market without needing a deposit or access to a bank mortgage. Mr Otton focuses on building positive cashflow and passive income as a path to financial freedom.
To learn more about his techniques, Mr Otton is offering free download access to his Power Property Profits Pack via http://www.RickOtton.co.uk
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 options 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.
More information: http://www.RickOtton.co.uk or phone, in the UK, 0207 000 1027.
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