In another informative Creative Real Estate Podcast, Rick Otton, leading commercial property investment strategist, was joined by his student- Jovan Sari, an immigrant from Europe, who successfully transitioned from being an IT specialist into a Property Investing Expert and Solicitor in Australia through using Rick Otton’s world renowned investment strategies.
Mr. Otton said, “I’ve always believed that anyone- regardless of their age, sex, or nationality- can be successful in property investment, and Jovan’s story is an excellent example how alternative property investment strategies can bring one wealth and cash flow especially with new immigrant thinking’.
Negative geared properties, a thing of the past
In the podcast episode, Jovan recalled that before attending Rick Otton’s boot camp in 2006 he had already purchased 2 investment properties in the Gold Coast in 2003, but these were negatively geared for tax purposes.
“We bought two properties and we were told that as long as we kept them we were gonna be millionaires,” Jovan said. Unfortunately, “At one stage, we were about $3,000 a month negative and we had to pay that from our regular income,” he added.
After Mr. Otton’s boot camp, Jovan tells that he and his wife were able to buy 6 houses
in 6 months and this earned them close to $4,000 monthly cash flow.
“It took us a bit of work to actually get back where we started only if we hadn’t made bad
decisions at the beginning, which was negatively geared property,” according to Jovan.
“At my property events and in my book, I explained the difference in traditional strategies and alternative investment strategies’ said Mr. Otton.
“These strategies teach people how they can turn negative gearing around to positive cash flow, buy properties without a bank loan, and sell even when the mortgage is higher than the property’s value,” Mr. Otton explained.
Like Jovan Sari, you can also find out how to turn around negative geared investment properties using Rick Otton’s strategies in the latest episode of Creative Real Estate’s iTunes podcast. Download it now at CreativeRealEstate.com.au.
About Rick Otton
Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.
He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.
Mr. Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.
As well Mr. Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.
For more information visit CreativeRealEstate.com.au or phone, in Australia, 1300 888 450.