Rick Otton is a larger than life property guru specialising in helping investors create positive cash flow from residential real estate. Ricks other claim to fame is his ‘no money’ down property strategies.
Rick’s Background
Rick Otton had his first exposure to creative deal making in the US in the eighties. He happened to be living there at the time.
Bolstered by this exposure, he decided to return to his home country – Australia – and try them out there.
Overview of the Rick Otton Strategies
Rick Otton promotes 2 main strategies:
1. Positive Cash Flow Strategies
Rick’s positive cash flow strategies include:
Wraps. A wrap is a long term contract designed to produce superb positive cash flow for the investor, and a secure pathway to home ownership for the buyer. Also known as vendor finance, a properly structured wrap program can produce positive cash flow of $800 per month and more.
Rent to Own. A rent to own program is a short term arrangement which gives the tenant buyer a way to finance out of the arrangement within a finite time frame, which is usually 2 – 3 years. The investor’s cash flow is usually not as attractive as a wrap. The upside is that the contract is short term, thereby enabling the investor to potentially complete the purchase and extract his contract profit in the near term.
2. No Money Down Strategies
Rick employs many ways to buy or control property, using little or no money down. One of his favourite strategies is what he calls the Sandwich Lease. Basically the sandwich lease works on the basis that the deal maker (ie YOU) negotiates an arrangement with the seller to delay settlement and sign over control of the property to the deal maker in the interim.
In return the seller receives a guaranteed income and a better price than is currently on offer. A lease option contract is used to control the property. The other side of the arrangement is when the deal maker markets the property as a rent to own arrangement, to a budding buyer.
The effect of all of this is that the seller of the property will usually get a better price compared to selling it on the open market, plus a reliable attractive cash flow for the next 24 – 36 months (before the deal settles).
The tenant buyer gains access to a property with a fixed price, and a way to create equity in the property, whilst they organise their affairs, and prepare for bank finance.
The advantage to the deal maker is an attractive potential trading profit (in 2 – 3 years), of maybe $50,000, with zero cash outlay.
Do Rick Otton’s Strategies Work?
Rick’s strategies do indeed work. I began using them in 2001. Since then I’ve put together more than 100 wraps and rent to own arrangements, and created millions of dollars of positive cash flow.
As always, the real issue is not whether the strategies work, but whether the student will work the strategies.
The Downside of Doing It Rick’s Way
Rick is such a good salesman that he can have almost anyone believing that THEY can do it – and live happily ever after. The reality is somewhat different. The reality is that unless you see yourself as an entrepreneur and a deal maker, then your chances of success are probably low.
These are entrepreneurial strategies. I love ‘em, but not everyone is cut from the same cloth as Rick – or me.
The Best Way to Access Rick’s Strategies
Here is the best way to plug into Rick Ottons’s Strategies:
Ultimate Cash Flow Accelerator. This is a great program for people who love the idea of creating positive cash flow from residential real estate.
Massive Passive. If you want to learn how to take control of properties, with little or no cash, then this program is the one for you.
Please note that the above programs are not ‘cheap’. But they are valuable. Apart from a dazzling array of CD’s, DVD’s, manuals and templates, a support system is also included.
My Bonus Offer To You
As a special thank you for ordering one of the above products, I will also include the following:
• Two Phone Consultations. I’ll help you make sense of the information. I’ll draw on my 9 years of experience in the creative deal making arena, and use this accumulated wisdom to help you do your first deal. Value: $600
• Hot Property Manual. This is my own property manual, which covers the basics of real estate investment. Great topics covered including Buying Right, Negotiation Skills, Addng Value, and Creative Deal Making. Value: $150.
Here are the links again: