International Property Expert to Lift the Lid on Buy to Let in Whirlwind UK Tour
London, UK (PRWEB) July 25, 2007 -- For years now, there has been unrest in the UK about investment education service providers that steer novice investors into purchasing investment properties without having enough working knowledge to adequately assess the pros and cons of what they are embarking upon.
Recognising the need to empower beginner property investors to take better control of their own destiny, international real estate expert Rick Otton is returning to the UK with planned visits to Birmingham and Manchester on August 8 and 9 respectively. With over 20 years of property experience to go by, Rick says his presentations are designed to, "help awaken the eyes and minds of people from an establishment so steeped in tradition that it leaves the investor constantly fighting an uphill battle."
As the director of the We Buy Houses Group that encompasses Australia, USA, New Zealand, and the United Kingdom, Rick has this to say about the UK Buy to Let market, "I've been visiting the UK regularly now and it astounds me that the property market is still so highly regulated and closeted from what's going on in the outside world."
With the pensions crisis not going away, it's becoming obvious that for many people don't have time on their side waiting for the next property boom. And with nearly all of the major western countries experiencing chronic national debt, any glitches in these world economies would surely have an adverse impact on the capital growth expectations sought after by most investors.
"With interest rates going up," Rick says, "and the number of ordinary households living just weeks away from financial turmoil should someone lose their job, the role of landlord is not all a bed of roses like it was in recent years gone by."
With his scheduled presentation the first he has done outside of London Rick says he will reveal the truths and myths about the buy to let investing not often told in public. "What I tell is a complete reality check for your typical investor. I believe that the survival of any business, including a landlord's property portfolio, should firstly be to have a high enough cash flow yield in order to survive the whims of the marketplace."
He makes the point, "Too many investors today are asset-rich and cash-poor, so it's problematical as to whether many of them will even survive with their asset base intact through to retirement age."
Due to Rick's immense popularity in his native Australia and in other parts of the world where he speaks, his presentations are in high demand and sell out quickly. "I deliberately don't follow the pattern of pulling in the masses to something for free in order to then apply hard sell tactics once people are in the room," said Rick.
According to Rick, "It's not that hard to be a property millionaire these days, but it's another story to acquire the skills to profit from property in terms of real cash in your pocket today." Rick is quick to point out the would-be investors need to be developing themselves into building their own property business, rather than just a property portfolio. For Rick, "The training that I offer gives my students the ability to take control of their financial future by replicating the exact same procedures that I also use in my business."
To find out more where you can catch Rick Otton during his brief UK stopover, you need only consult his Rick Otton website (http://www.rickotton.co.uk/AnEveningWithRickOtton.html) to secure the last of the remaining seats now available.
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