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Rick Otton Responds to 'Fear of Missing Out' Investor Trend(April 09, 2014)
(PRWEB) April 09, 2014
Professional property investor, Rick Otton, has revealed there is new evidence that investors are leading the charge in property purchases. However, he says this trend is being driven by FOMO, or fear of missing out, rather than a savvy long-term approach.
A recent report showed that real estate demand driven by property investors in Sydney and Melbourne was running hot as a result of record low interest rates and robust apartment price rises recorded last year.
They have elbowed aside first home buyers, who compete in the same part of the property market as investors, the report said.
However, Mr Otton said despite getting into the market, investors were not always generating positive cash flow or high rental yields.
They need to exercise caution and have strategies that will allow them to deal with scenarios such as rising vacancy rates and the possibility of falling rents, he said.
Real Estate Australia
Mr Otton said that while building a property portfolio for long-term wealth involved dedication and flexibility, people who used his low-risk, high-reward strategies would be able to earn money from day one.
My mantra is about generating growth and cash flow in any location and any part of the market cycle. Using my creative real estate techniques, students will be able to accumulate cash-flow positive investments without needing new bank financing or using their own money, Mr Otton said.
As part of his mission to empower Australians to learn non-traditional real estate investing strategies, the property millionaire regular seminars and educational intensives across the nation, including the Ready Set BOOM tour of events being held later this year.
Why learn things the hard way when you can tap into the knowledge Ive gleaned from more than two decades in the field? Mr Otton said.
My events are an opportunity to discover fast, simple and powerful strategies to get into the market and live your life the way you want to! Ive successfully taught more than 35,000 people my innovative systems on how to buy, sell and trade property in Australia, New Zealand and the UK.
In the lead-up to his next Ready Set BOOM no-charge one-day real estate investment seminars, Mr Otton has created a free Power Property Profits Pack, a detailed three-step downloadable pack of information, which highlights some of his biggest secrets. To access the pack, visit readysetboom.com.au/download
To register for one of Mr Ottons free Australian one day training events visit http://www.readysetboom.com.au or phone, in Australia, 1300 888 450.
About Rick Otton
For over 20 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed strategies in which transactions are made without the need for traditional bank-type loans. He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book How To Buy A House For A Dollar, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, A Current Affair and Australian Property Investor.
To register for one of Mr Ottons free Australian one day seminars visit http://www.readysetboom.com.au or phone, in Australia, 1300 888 450.