I didn’t go on any property investment courses for the first 7 years of my property career. I refused to. Partly because I thought I could get all the info I needed on the internet and also because I knew there were a few charlatans out there ripping people off.
No, I was fine on my own.
But then the Credit Crunch happened. I hit a wall with my investing because nobody would lend me money to buy any more property. Crucially, the Mortgage Express product that allowed me and many other investors to buy “no money down” was pulled.
I was stumped -- I had to figure out what to do next.
Then I remembered a manual that someone had given me 7 years before. It was by this Aussie guy called Rick Otton who talked about buying houses for a pound. Most of it had gone over my head at the time but I found it on my bookshelf, dusted it off and read it again.
It turned out that this was exactly what I needed. Rick’s strategies -- the main ones of which are known as lease options and instalment contracts -- allow you to control property and to profit from it without actually owning it.
This was absolutely perfect for the market at the time. So I did a search and it turned out that Rick had just started doing something he called the Zero Debt Property Cash Flow Conference.
Needless to say, I wasted no time in snapping up a ticket.
Rick was essentially responsible for bringing these creative strategies to the UK and all the UK “gurus” learned directly from him.
Anyway, the course was great -- definitely worth the 7 year wait although I wish I'd done it much sooner! It gave a new lease of life to my property investing career.
The strategies are just as relevant today as they were back then and I’d definitely recommend his course to beginners and experienced property investors alike.
For a complete beginner, some of the strategies -- powerful as they are -- may take a bit of getting your head round but it’s explained well and there’s plenty of opportunity to ask Rick and his assistants to clarify things.