International real estate adviser, Savills has forecasted that rents will rise considerably more than house prices in the UK over the next five years. However real estate guru Rick Otton believes that applying property investment strategies could prevent this dilemma in the property market.
“We all want to have our own homes, but with the current financial downturn, most people are left with the choice of renting out houses because they can’t afford to buy one,” Mr.Otton said.
He explained that due to the rise of the number of people who are unable to buy their own house, the property supply will not be able to keep up with the demand. With the scarcity in supply, competition among renters will drive the rent prices skyrocketing.
“With the significant increase in rent, it’s more practical to buy a house with property investment strategies. For so many years, I’ve taught thousands of students how to buy a house with no money and without applying for a bank loan,” said Mr. Otton.
“Prospective homeowners and aspiring investors are usually intimidated by the huge deposit they will have to pay for the property. Some of them are disheartened by the possibility of being rejected by the banks. That’s where my rent to buy strategies comes in,” said Mr. Otton.
Rick Otton is widely known for his innovative property options and has made home ownership possible even for ordinary people. “ My strategies have proven that you don’t need to have an impeccable credit history, stable 9-5 job, or huge money to be able to buy a house” he said.
“All you need is the courage to embrace creative thinking and a lot of opportunities will open up to you even in real estate. Those who think out of the box are the ones who see that there is more than one way to accomplish things,” he continued.
Rick Otton has travelled to different countries sharing his property investment strategies through real estate seminars and trainings. His techniques have been widely embraced in the US, and Australia among others.
For more information on Rick Otton’s strategies , please visithttp://www.rickotton.co.uk/sales-page