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New Rick Otton Podcast Reveals Strategies To Change Property Investors Thinking

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New Rick Otton Podcast Reveals Strategies To Change Property Investors Thinking

In a recent Creative Real Estate podcast, property mastermind, Rick Otton and one of his successful UK students, Ian, discussed how important it is for a property investor to use the right property investment strategy in solving people’s property problems.

Mr Otton’s student Ian, living in Scarborough, England, has been managing his thriving business since 2009 and is currently averaging £25,000 to £40,000 per transaction, in a town of 50,000 people, where the average house price is at £130,000. He started using progressive property strategies when the 2008 market downturn left him holding a renovated house that had a purchase price, which was far more than he could sell it for.

“I think I would have lost about £10,000. I thought I’d get about £140,000, but would have sold it only around £130,000,” said Ian.

Everything changed for Ian in 2009, when he discovered Rick Otton’s strategies for buying and selling real estate.

“I managed to get hold of Ben Rogers, one of the people in the UK who studied under you, Rick, and I said, ‘I need this rent-to-buy pack’. I read through the information over two days, and I thought it was a fantastic way of doing what I was already doing, but instead of selling in the normal way, I just put a sign up and managed it as a rent-to-buy transaction. I did it on a three year rent-to-buy with a purchase price of £146,000,” said Ian.

From those beginnings, Ian revealed in the Podcast that he went on to apply a variety of Mr Otton’s innovative strategies in order to build up a property portfolio. In what is a common theme with Mr Otton’s students, he focused on solving people’s property problems, rather than simply doing property deals – even if it takes a little longer.

“My feeling has always been, and from listening to what [Rick] said as well, that even if I’ve got to have a bit of a long hold or more holding cost, I’d rather make sure I’m getting the right people into the properties,” said Ian.

Ian and his wife returned to Mr Otton’s ultimate real estate bootcamp in 2011 and 2013. Along the way, he’s learned a range of different strategies, which apply to a variety of situations, and has completely changed his mindset towards property investment.

“I can’t go back, even for our next property, I just keep thinking I’ll find something that’s empty and see if they’ll take payments on it!” said Ian.

“I’ve always taught that the key is not the strategies themselves. It’s getting people to understand them and then employ them. That’s what’s different about the way I do things, and that’s why it works for so many people.” Mr. Otton shared.

Listen to the full podcast for free on iTunes or at CreativeRealEstate.com.au.


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