How to buy a house for $1

[Tyler Durden]

If you've been searching for a proven way to build wealth in real estate, without risking your own money, even if you can't get bank finance, you've just found the book to show you how.

In 1991 Rick Otton uncovered an innovative strategy, and went on to amass a portfolio of 76 properties within 12 months. Since then, Rick has bought literally hundreds of properties and has proved that his strategies work - in any location and any market cycle.

Now for the first time outside of a private training, you can discover Rick Otton's powerful real estate investing formulas. Follow them and you too can buy your first home or build a property portfolio that isn't reliant on getting bank financing. And best of all, you can do it without risking any of your own money.

In this ground-breaking book you'll discover...

How you can buy property for just $1, with NO deposit and NO bank loan
The secret of turning negatively geared property into a positive cash flow
Why you never need to stress about interest rates or the economy again
How to find cash flow positive properties, even in capital cities
The #1 way to find 10 times for buyers if you ever need to sell your property
How to join the new breed of first home owners and real estate millionaires

http://www.businessmall.com.au/featured-items/how-to-buy-a-house-for-1.html

BS? Or would anyone actually consider buying this book?

 

[Tightwad]

I don't know how that works, but he gets a few mentions on: http://www.jenman.com.au

 

[moXJO]

http://www.businessmall.com.au/featured-items/how-to-buy-a-house-for-1.html

BS? Or would anyone actually consider buying this book?

I think he was a property flipper or house options. Works well in a boom market.

 

[im sparticus]

You basically take advantage of the fact most dont know the current value or developed value of there house, or the price of an option over said house. you then offer them a sale price above what they want in exchange for time with an option (hence the $1). During this time you put together an plan to subdivide and sell the two for more than the purchase price but you sell them the option that is now worth the difference between your sale and purchase price having never had to buy the place only spending the da costs. if you cant turn a profit the option expires worthless and ma and pa get to keep the da, sound fair?

Your basically putting together a out of the money option and forcing it in the money through da. very hard to find properties this works for and even harder to find owners who will agree to the terms.

 

[Starcraftmazter]

http://www.businessmall.com.au/featured-items/how-to-buy-a-house-for-1.html

BS? Or would anyone actually consider buying this book?

Nothing but stupid property spruiking. Only complete idiots buy these.

 

[zac]

I just came across this thread.
I see there is scepticism when it comes to this.

Its actually very legitimate and done by many. There are lots of property people in Australia that use this as a method for selling/buying houses. I beleive Steve McKnight is one of the most famous Aussie property gurus.

I was sceptical as well at 1st but given im apparently like an Engineer LOL (I need to find out how everything works)
I did lots of research on the topic.
Its just a modernised way of transferring ownership of property in certain circumstances.

In case anyone is wondering, I dont actually do anything with property and just invest in stock markets etc.

Id post a link but it would be spamming I guess, but if anyones interested for ****s and giggles, PM me and I'll send you to a site for more info and how you may be able to see him in your capital city where he does a free preview.

I personally prefer the comfort of trading/investing where I dont need to rely on customers, 3rd parties etc.