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The Commissioner for Consumer Protection (WA) has requested that the following clarifications be conveyed to our Western Australian customers:

A) In order to become the owner of real estate, the purchase price for the property ultimately must be paid;

B) This system does not enable you to become the owner of a house for $1 - you can only purchase an option for $1. This system may provide you with an initial step towards owning real estate.

C) The making of instalment payments can be seen by banks as a sign of credit worthiness for future lending, but it is not the only factor considered. You may not necessarily satisfy a bank's lending requirements just by pointing to payments of instalments over time as proof of creditworthiness.

D) It may be unlawful in Western Australia to effect transactions of real estate between other people without holding a real estate agent's licence under the Real Estate and Business Agents Act 1978 (WA). You should obtain legal advice relevant to your circumstances before operating a rent-to-buy business in Western Australia.










 

How To Buy A House For A Dollar Concept To Be Launched In Print Through Rick Otton Book

Posted on May 4th, 2012 by


In the over 30 years that Australian Rick Otton has been buying and selling houses, he has devised strategies that have set him apart from traditional property investing specialists. He is now sharing these techniques in his about to be …

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Rick Otton’s Successful Students Share Real Estate Investing Secrets on Free Podcast

Posted on March 13th, 2012 by

Rick Otton’s property investment strategies have rocked the real estate market due to their flexibility and efficiency. Hear what his students have to say about how they achieved financial freedom through Mr. Otton’s groundbreaking techniques in this recent podcast Experience …

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Negotiation Experts Predict Prime Minister Julia Gillard to Pull Out All Stops in Carbon Tax Announcement

Posted on July 19th, 2011 by

Australian Prime Minister Julia Gillard is going to face nation this week. She will address the nation about the proposed carbon tax and she will have to please industry, environmentalists, and most importantly voters. Negotiation expert, Rick Otton, believes that …

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Rick Otton’s Creative Real Estate Podcast Tops The Chart On ITunes Australia in 2 Days!

Posted on July 11th, 2011 by

Rick Otton’s recent podcast “Creative Real Estate” on iTunes became the most popular real estate podcast on iTunes Australia. Rick launched the podcast on 5thJuly, 2011. The podcast explains how he became a millionaire by transacting real estate even without …

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How To Get What You Want In Any Negotiation!

Posted on July 5th, 2011 by

Amazing report reveals secrets to achieving your million-dollar property goals - Learn how you can get ANYTHING you want! No details required. It’s all YOURS FREE! Download Your Copy Here If you like It? Then why not share It? If you think I made the …

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The Three Golden Questions Of Negotiation

Posted on June 29th, 2011 by

The first question you might ask the seller is why they would want to do anything. That is, why would they want to move out of the house, why did they call you today, why do they want to move …

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Is Home Ownership An Elusive Dream For Generation Rent?

Posted on June 17th, 2011 by

Generation Rent – A new word is being used across various media for those Australians who will prefer to rent over owning a home. Research shows that first time Australian home buyers are delaying their decision to buy a property …

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Rising Interest Rates in Australian Market May Create More Defaulters

Posted on June 8th, 2011 by

According to a global rating agency, the number of Australians who are not capable of paying their mortgage repayment on time hits a record high. Fitch Ratings, a global rating agency says the number of Australian borrowers falling behind on …

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