Rick Otton

Strategies: Property investing, rent to buy, wraps

Cons: Dymphna Boholt gives undertakings after caught in examinations by regulator into property promotion investment schemes Property Observer 2015; Rick Otton – Federal Court Decides Naysayer;  Landlords in Distress Rick Otton found guilty of deceptive conduct  Property Tribes (PT); “We buy Houses” – but why? 7.30 Report on the strategy and Rick Otton WA Lead Charge on Property Spruikers; RICK OTTON BANNED Consumers protected in WA Neil Jenman
Due to the risks, complexities and fact that this strategy is not allowed in parts of Australia, we have allocated a ‘Red’ rating – be cautious.
Comment received by BiG “I bought an ‘investment education’ package from ‘Rick Otton’. I could not get hold of anyone for assistance. They did not run the seminars they were meant to. Apparently a turn over of staff. No support, no follow up. A Joke and a scam in my eyes.”
Couldn’t even request a full refund although what was offered was not delivered.
He claims: “is a self-made millionaire, property investor and coach, based in Sydney, Australia. He authored of one of the top 10 most popular finance books in 2013, voted by Money Magazine and Dymocks Bookstores. Now an internationally recognised authority on vendor finance and as director of We Buy Houses Pty Ltd, his mission is to transform the way people buy and sell property to empower them with the knowledge that there is another way. “