Due to the weakened economy, people have been forced to cut down their expenses just to make ends meet.

This is according to Shelter, an online advisor that calls on those who are dealing with housing costs to find early advice so they can avoid putting their homes at risk.  According to the organization, 22% have cut down their gas and electricity expenses just to pay their rent or mortgage. And over 34% spent less on food just to cover other housing costs. Campbell Robb, Chief Executive of Shelter said that with these findings, more people are in danger of losing their homes.

However, property investment expert Rick Otton believes that home ownership should not be a burden to the people. “Owning a home should be a rewarding experience, not a problem. It is disturbing how people are reducing their budget for basic necessities just to cover their monthly mortgage or rent, ” he said.

“The banks have made home purchasing complicated, with the strict requirements and mortgage payment process. That is why I formulated my property investment strategies to enable ordinary people to buy house without bank, and no mortgage hassles,” he continued.

Rick Otton is well known for introducing revolutionary property investment techniques that do not rely on bank loans or huge deposits.  His strategies have been widely embraced by several countries because of its practicality and adaptability.  For more than thirty years now, Mr. Otton has been teaching his students how to create a property portfolio through positive gearing through his seminars and bootcamps. He also provides tips and real estate advice through his websites and podcasts.

“With the current economic situation, it will be harder for home buyers to buy property through bank loans. The banks are now reluctant to lend unless the applicant is stable financially. So creative real estate is now gaining more popularity as more and more home buyers and investors are turning to alternative property  options,” said Mr. Otton.

With Mr.Otton’s strategies, home buyers are no longer restricted by monthly mortgage payments and are able to accomplish financial freedom. Read here to know more about his property options: http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

The World Bank has recently warned the public to prepare for the worst, as the financial situation drastically backslides and the economic growth slows down.  World Bank’s Chief Economist Justin Yifu Lin specifically warned developing countries to get ready and prepare for contingency plans to counter the effects of the crisis.

Rick Otton, a well-known property investment specialist, cautioned property investors to be watchful  of the economic atmosphere because it will have a huge impact on  real estate investing.

“The global economic weakening is a huge blow to the property market. Investment will surely drop and the market will be stagnant.  As the economic condition gets worse,  it will be harder for investors and home buyers to purchase property, Mr. Otton explained.

However, the crisis will spare no one and even developed countries like the UK will also be greatly disturbed by the drop in the economy.   That is why Mr. Otton stressed out the importance of precautionary measures to buffer the effect of the economic meltdown.

“The property market should be prepared, remember that awareness is the greatest weapon. Investors and home buyers should be armed with strategies and techniques that would help them weather out this financial catastrophe,” he said.

Mr. Otton is famous  for introducing revolutionary property investment strategies and he believes that difficult times require innovative and creative solutions for the real estate market.  He is known for his non-conventional methods of purchasing properties  without bank loans or huge money deposit,

“Let’s face it. The world is changing, the economic system is unstable. So what we should do is find a technique that would work even with our dilapidated system. Even before this economic crisis, I have been teaching my students how to benefit from the real estate market without spending much, and I have the results to prove their success” he said.

With the onset of the global crisis, Mr. Otton emphasized the importance of wise investment during these challenging times. “You should know that not all strategies will work in this kind of environment. Buying and keeping properties would be difficult without an effective property strategy,”  Mr. Otton said.

For more information on his strategies, you can visit http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

HSBC recently released a study which shows a generational divide which will result in a sluggish property market. The 2012 Moving Home Survey shows that the inactivity will be triggered by the inability of the younger generation to purchase properties and the reluctance of older homeowners to sell.

Aside from older homeowners not willing to move or change residences, the report also cited financial obstacles as the main reason for young Britons not entering the housing market.  But this should not be the case, according to real estate investment specialist Rick Otton.

“Prospective home buyers, especially the young ones, are usually discouraged by financial concerns like huge deposit and the fear of rejection from the banks.  They are afraid to enter a long term financial commitment because they believe that they are not yet stable or mature enough to handle such a commitment to see it through the end,” Mr. Otton said.

The report suggests that the current economic situation also concerns the home buyers particularly the younger generation, and plays a key factor in their reluctance to get on the housing ladder. Recently,  the Council of Mortgage Lenders has also predicted that the lending will fall this year due to the weakening economy.

“Loans will be hard to secure this year, with our gloomy economic outlook.  In effect, real estate investing will decline as less and less people enter the property market. What if there’s a system that lets you buy houses with no cash involved and does not require you to beg for the bank to approve your loan? Now that’s something interesting,” Mr. Otton said.

For thirty years, Rick Otton has been teaching his students from various countries around the world how to buy a house without a bank or cash involved.  His property investment strategies which have been embraced in the US and Australia were formulated in Dallas, Texas during the Savings and Loans Crisis of the early 90’s, parallel to what the UK is going through right now.

“For many years, I have shown my students that financial difficulties should not stop them from achieving their dream of owning a home,” said Mr.Otton.

Mr. Otton believes that new opportunities will reveal themselves to those who think creatively. “Looking at the problem from a different perspective will show you other possibilities that you might have missed otherwise. My strategies are testament to what creative thinking can accomplish,” he said.

For more information on Rick Otton’s property techniques, you can visit:http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

The media has been recently invaded by news on the superannuation fund. And the articles are mostly on the negative.

In his most recent podcast, property guru  Rick Otton discussed  the importance of planning forward for retirement in the face of the superannuation fund controversy.  The 35-minute video talked about how people, especially retirees, can take control of their financial future and ensure financial stability after retirement.

“The problem with retirees is that they don’t really have forward planning on what they’re gonna do. They’re at a loss on what they’re gonna do next. They have nothing to work for, live for,” said Rick Otton.

In the new Creative Real Estate podcast, Mr. Otton  tackles street-smart secrets  to real estate investment together with one of his successful students,  Ben Chislett.  Mr. Otton emphasized the importance of securing financial solidity before and after retirement.

“We have to face the fact that pension funds are not gonna be there when you retire. The traditional ideas of retirement no longer work and the news articles are there to prove it. What is important is that we prepare for what’s coming and not rely too much on the super fund,” Mr. Otton said.

Mr. Otton discussed property investment as the key to achieving financial freedom. “It makes me money without burning money,” he said.  His talk focused on creating positive cash flow through positive geared properties.

“The question is, how are we going to invest in property without spending much money? The answer lies in the property strategies I have introduced some thirty years ago. These strategies are working on the basis that we can no longer rely on the banking system.  No cash, no loans,” he said.

Rick Otton is a well-known pioneer in the real estate investment market because of his innovative property techniques.  “I’ve been teaching people how to gain wealth in the property market using my strategies.  There are endless opportunities on how to make money in real estate, if you only know what methods to apply.”

“The times are changing, and to be able to succeed, we have to jump at the opportunity that comes to us and work around the fact that what might have worked before may not be feasible now, especially in real estate.  It’s what we know in the past, but we’re not living in the past, “he said.

You can listen to the podcast here: http://www.creativerealestate.com.au/creative-real-estate-podcasts/20-superannuation-how-much-is-enough-2/

To know more about Rick Otton’s strategies, you can visit : http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

Official figures have confirmed that the UK economy is going nowhere but down.

British economy is continually being threatened by the looming economic recession, mostly dragged down by the Eurozone crisis.   Growth has slowed down, credit conditions are deteriorating, household expenses are getting tight and overall financial atmosphere remains dim for the UK.  Businesses are also afraid to invest because of market instability. Property specialist Rick Otton warns that this current economic decline will put a lot of pressure unto the property market, which is “stagnant” right now.

With the economic meltdown approaching, people can expect harsher conditions. “It will be a tough year ahead of us, especially the first half of 2012. The UK economy is in a bind as the euro problem progresses for the worse and this puts a lot of pressure on businesses like the property market,” Mr.Otton said.

A recent article from Investor Today said that lending conditions for this year will be tight, making it difficult for property investors and home buyers to buy properties.

“Most people rely on the banks for property purchasing.  But with the banks imposing stricter lending regulations, it will be almost impossible for ordinary people to get a home loan with our current economic situation,” Mr. Otton said.

The solution, according to Mr. Otton, relies on property investment strategies  that do not depend on banks. For thirty years, he has introduced and promoted bank-free and money-free techniques in buying properties.

“I’ve been using these strategies and I’ve helped many students go up the property ladder by embracing creative real estate. With the recession causing uncertainty in the property market and the banks becoming helpless in the grip of the economic crisis, the best option would be to cultivate what resources we have now and come up with a different system that would work,” Mr. Otton explained.

Mr. Otton shares his property investment strategies through real estate seminars  and trainings. More information can also be accessed through his website: http:// www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

The Sydney Morning Herald reported Tuesday that banks have incurred  losses for the past quarter which will most probably cause them to pull back from lending to new home owners.  The report said that the Australian finance was made vulnerable by the Eurozone crisis. Property investment expert Rick Otton believes that this will make home ownership more impossible for Australians looking into buying properties.

“It will be tough for ordinary citizens to get a home loan, with the banks now unwilling to lend money to first home buyers.  The loan requirements have been stringent as they were, much more with this current loss,” Rick Otton explained.

Jonathan Mott, a banking analyst and author of the report,  was quoted saying “we estimate the banks are currently losing money on new mortgages written in the current funding environment. Unless the banks reprice mortgages or funding markets improve significantly, there is no direct economic incentive for the banks to continue to write new housing loans.”

However Mr. Rick Otton believes that it is possible to purchase property without getting loans from banks. Years ago, Mr. Otton has introduced bank-free strategies in real estate investing.  His techniques are widely accepted in several countries including the US and the UK.

“Despite the economic drop, there are still investment opportunities for people who want to enter the property market.  If the bank system fails, then we’ll just use strategies that do not rely on banks in order to buy properties,” he said.

Mr. Otton has broken free of the traditional system and has built himself a solid property portfolio through his techniques.  With  this, he teaches his student his property investment strategies in creating wealth in real estate through positive cash flow property investment.

“If I was able to do it, then everybody can. It doesn’t matter what the economic situation is, my strategies are flexible and can be adjusted to  work in the current financial setting.  You just have to learn how think outside the box,” Mr. Otton stated.

For more information on his strategies, you can visit his website at:http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

Overseas  property adviser Assetz stated that UK property prices have been falling for eight months now. With Britain on the brink of second recession, property investment specialist Rick Otton believes that the real estate market will suffer the most as banks will be less willing to approve loans.

“Recent news shows that the UK economy is almost failing, as evidenced by the current property market struggling to weather these challenging times. Real estate investment companies are going bankrupt if the property prices do not pick up soon,” Mr. Otton said.

Despite the price drop which has been running since the second quarter of 2011, first-time buyers are reported to have spent 0.7% more.  Mr. Otton said that this will be a difficult time for real estate investment.

“Loans will be almost impossible to get approved because the lenders are hesitant to lend money due to the weak economy.  The solution would be property investment strategies that do not rely on banks,” he said.

Rick Otton is known for his revolutionary strategies in real estate and has taught thousands of students how to create a solid property portfolio with no bank loans and no cash.

“My strategies themselves were born on a situation parallel to what the UK is going through right now. During the Savings and Loans crisis in Texas in 1980, I wanted to buy houses but the banks would not grant me any loan. They stopped lending so I formulated my own strategies,” Mr. Otton continued.

Rick Otton’s  property strategies have been proven successful in several countries including Australia and the US.  He travels regularly to teach his students how to create positive cash flow through real estate investment.

“I want to teach people strategies that will get them through this financial crisis, and other difficult times to come. I want to help them achieve their dreams, be it to buy their dream house or to jumpstart their career in the property market.  We should not be hindered by a failing economy, we should find a way to fulfill our goals despite the depressing situation,” said Mr. Otton.

Information on Rick Otton’s strategies can be found here: http://www.rickotton.co.uk/sales-page

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com

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

About Rick Otton

Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.

In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.

Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.

In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’.

He has appeared in the following Australian TV programmes: 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot Property.

Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.

Rick Otton can be contacted via his website http://www.rickotton.com