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New Rick Otton Podcast Focuses On Not Losing Money On Investment Property(June 25, 2014)
(PRWEB) June 25, 2014
Rick Otton, who has made his name by formulating and implementing successful property investment strategies that work in all markets, has just released a new Creative Real Estate podcast titled How to Stop Losing Money Through Your Investment Property.
In the podcast, Mr. Otton highlights how investors often end up working for their property investments rather than having their property investments work for them. This often results, he reveals, in many investors losing money each month on their investments, rather than enjoying an income stream.
One of the most common goals for home buyers in Australia who are buying property as an investment is to gain a rental stream that they can use to fund their lifestyle, said Mr. Otton. Thats a great goal, because as the conventional thinking goes, if each property ends up with an after tax income stream of $200 a week, then building toward half a dozen properties will allow most people to work much less and enjoy life much more, Mr. Otton said.
The unfortunate truth is that these goals are rarely met. What ends up happening is that properties become negatively geared, meaning that the cash returning to the investor is less than all the bills, costs and rates associated with the house, Mr. Otton went on to explain.
Thats what my chat with Shane in this weeks podcast showed. Like many investors, Shane worked hard, had a job which he enjoyed, but got into property investing as a way to wind back his work hours and spend more time with his family, Mr. Otton said after the interview. Shane bought a couple of properties, but after a few years found that his wages could not keep up with the outgoings from the properties, so he actually ended up having to get a second job to fund the investments! Mr. Otton went on to say.
The shame of that was that it was the complete opposite result to what hed envisioned at the outset. Shanes experience is fairly typical of many investors, who find the demands on their time and budget makes property investment not worth their while, said Mr. Otton.
Thats why I encourage all aspiring investors to explore all the strategies available to them. Negative gearing may have worked once upon a time, but now investors have many more tools in their kit, modern strategies that they can use to make money in the property market, Mr. Otton went on to explain.
These innovative strategies are required today more than ever, with massive changes taking place with Generation Y buyers entering the market, as well as technology and foreign investment remaking the property landscape, said Mr. Otton. I cover these trends in some detail in the podcast because I believe its important that investors understand all aspects of the environment where they are going to spend their hard-earned investment funds.
I strongly encourage both experienced and aspiring property investors to hear Shanes story in the podcast. Investors may be able to learn from the mistakes of this hard-working guy and save themselves time and money in the future by doing so, said Mr. Otton.
This, and all of Mr. Ottons Creative Real Estate podcasts can be accessed at no charge at http://www.CreativeRealEstate.com.au.
Australian property investment specialist, Rick Otton, has been developing, sharing and teaching his innovative real estate strategies for over 20 years. As the founder and CEO of We Buy Houses Pty Ltd, which operates in the US, UK, Australia and New Zealand he is known for introducing cutting-edge techniques that have enabled previously disenfranchised people to get out of the rental cycle and into their own homes.
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. His real estate book, published in 2012, 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.
As well as conducting free seminars, workshops and conferences in the UK and Australia, Mr. Otton regularly loads free podcasts to his iTunes channel, Creative Real Estate. In these he shares examples of real transactions, and often has his students as guests who discuss the different ways they apply his teachings to their own clients.
These podcasts can be accessed, at no charge, at CreativeRealEstate.com.au. Australian phone enquiries are welcome on 1300 888 450.
Read the full story at http://www.prweb.com/releases/rick-otton-podcast/we-buy-houses-radio/prweb11973029.htm.