Rick Otton

I’m currently reading his book. Much happier paying $25, rather than $5k+ for his course.

Maybe just pick up Rick Otton's book to start with.

Course for $5,000 is too expensive, you can almost put it as a deposit for a house in country town !

start small read the book see if you like it and if his stragety is suitable for yourself .

FYI…..Rick's Bootcamp is not $5K…..it's actually $3K and covers numerous strategies relating to creative real estate deals. My hubby will be attending the course in August 2012 so I know the actual cost.

Courses will be expensive but you have to take action after the course and that's what counts!!!  If you can utilise the info given to you in such a way as to earn back what you paid plus a whole lot more $$$$, then that to me says the course was worth it.  Experts are not going to charge you peanuts for their time and effort in putting their course material together and coming along to speak for 3 days at a time, and quite honestly I don't blame them. BTW, reading his book will only give you a "taste" of his strategies….it won't highlight anything in detail like the Bootcamp will, nor will it offer any of the legal paperwork required for you to actually implement anything. His latest book is worth reading but just keep in mind the above.

All the best, Tamara

I'm a student of Ricks as you could probably guess from my avatar.

You can spend $25 on a book which shows you how to buy a house for a Buck or you can spend $3000 and 3 days in the company of Rick and his successfull students and learn <moderator: delete language>.

Saying you could spend the $3000 as a deposit on a house (instead of education) is short sighted. If you buy the house instead of the education you can sit around paying the mortgage for 10 years before you see any reasonable capital growth. Sure you might get extremely lucky and buy a CF+ house that makes you $20 a month. And you end up with only one house

The knowledge I have gained in doing Ricks course is staggering. If you want buy a house for a $1, is not just about the the strategies as explained in a $25 book. It is about negotiations with Buyers and Sellers, marketing, legals and paper work,

its even about the language patterns when you talk to vendors. This cannot be taught out of a book. Whether Its Rick Otton or one of the other gurus mentioned above, to have someone stand in front of you that has been doing it for 20 odd years and can tell you everything he has done right and everything he has done wrong really fast tracks your learning.

There's a saying, "You get what you pay for"   If you buy a book you will learn, but i believe it will be close to impossible to make a living from what is in explained in these books. Do the courses on offer by these Gurus and you still may not make a living from it, however you got a much better chance.

To be fair it can be harder and involve a lot more work and time to buy a house for $1 than is imagined. On the flip side some of these $1 houses are handed to you on a platter and involve almost no time. It s matter of sifting through the dirt to find the gold

I don't think that i'm saying anything most of you don't already know, however there is  a lot of material put out in the market place which really is just a teaser to encourage people to spend the money on the seminars.

I have held multiple IPs for more than 12 years now and I am now looking forward to adding many more without having to go to a bank or visit a Real estate agent

Not to spruik Rick Otton or anything like that. His strategies and methods definitely work as numerous people on this forum can attest to.
Just be aware though as with most seminars it seems 80% of people do nothing with the information. 3 days of bootcamp wont prepare you for everything, but then no boot camp does as all the boot camp does is give you the tools. The 80% I guess dont have the drive and confidence to go with it.
So I suggest if you have the drive and desire then definitely give it a shot or find what it is that will give you the required specialised knowledge.

Im getting back into property now but my specialty and passion are the global markets, ie trading and investing. In my experience it seems the 80/20 rule is a bit backwards here. Almost 100% start (due to the simplicity of starting to trade) but only 20% (if that) continue a few months in.

As someone mentioned, the bootcamp is only $3k but if you look on Ebay or Gumtree you might be able to find a promotional discount and get a few hundred off & at least that will help cover accomodation and air fares to the bootcamp.

Can anyone help with accommodation near where the Sydney boot camp is held please? either post here or better still email me at [email protected] thanks

I agree with you Nigel, i.e. most seminar providers do provide great information. However are lot of them are like driving instructors who forget to tell their students there are rules of the road and that they need a driving licence.

I can see why it's done, i.e. they don't want to scare off potential students with talk of rules and licences but, in my view, it's short sighted.

Cheers,  Paul

The issues surrounding Rick are more to do with the marketing side of things than the actual strategies themselves (which are not deceptive).  Rick has issued a statement and if you check out the Vendor Finance Institute website you'll see information regarding this situation. Interesting what happens when you start to become bigger and better than the traditional system – isn't it???

 Hello its Rick Otton here with more information re WA.

Western Australia passed legislation that people now need a real estate license to buy, sell or trade a property option. I had an informal chat with commissioner re this change, as I was concerned that every property developer and property speculator in WA would now need to be licensed.

The state passed the legislation, which surprised some in the legal fraternity as it was never debated or challenged and many wondered if it would be upheld by the Supreme Court. This is presently being argued in the courts as well as what constitutes ownership.

Meanwhile, lease options are legal in all states of Australia and you do not need a license to enter into one. This started 18 months ago and then the book “How to buy a house for a dollar” pointed out that you can simply build property portfolios by picking up existing property debt by a token dollar moving between solicitors to act as the glue to hold the transaction together.

I was contacted by DOCEP in WA who were concerned that if people didn’t understand the concepts, they may be misled into believing they could purchase entire houses for a dollar coin. The issue is now before the Supreme Court.

I suggested pulling all materials from WA to resolve the issue but as the strategies in the book were legal in WA DOCEP instead only requested that it be withdrawn from sale for a period of two years, that I refrain form teaching those strategies contained with in the book for the same two year period and that I provide more clarity which I agreed to do…

No other state or territory has questioned my book, it has been voted one of the best financial titles by both Money Magazine and the Dymock book shop chain.

Unfortunately I’m rarely on forums and apologize that my silence has no doubt created concerns but I have attempted to make amends here