Category Archive for Gurus

Just this last week I was lucky enough to be sent one of the new Massive Property Packs from Rick Otton. Rick wanted someone in the field doing the sorts of creative finance transactions he puts together that could comment and review his new property course.

I was so excited that when the courier left a sorry we missed you card i felt like i had let him down by not being home to get the pack. Sorry mate I was trying to tie up a townhouse complex with a buck and the conversation went way too long,but we can talk later! So I did not receive the pack until the following Tuesday.

Just to let you know the first property pack I bought from Rick was the Wrap pack in 2001 and for memory it came as a tape, folder, legal docs and calculator set. Not much bigger than most over night postage packs. The Massive Property Pack came in a box that the courier said was 7kgs! so this added to the anticipation!

You can see in the picture that its a very professional looking set of items that will help create a basic business if you simply follow the system step by step. And don’t change anything in the system besides your telephone numbers on the offers and forms he lets you use! Otherwise people will call him rather than you!

In the 2nd page of the folder manual states ‘How to Buy A House on One Days Pay‘ is really the basis of the pack. We all know that less money in any transaction reduces the risk of the transaction, but what if you could control, manage and on-sell a property you have no more exposure than a day’s pay?A true No Money Down strategy to buy property.

The general concept is not new and most property ‘educators’ are talking about options now the property boom is in a downturn and they cannot rely on capital growth to secure more seats to seminars and conferences. Rick has been doing Lease options and other no money down transactions for years. 15 or more years to be precise. His experience comes from the savings and loans crisis in the United States when banks were not lending on any property and guys like him had to buy houses and transact property without any banking system.

I am not saying he made the whole system up, that would be untrue, but I do not know of anyone who is so upfront and honest in the way he educates his students. I used to be able to call Rick on his mobile just because I bought his Wrap Pack years ago! Who else lets you do that? I think this shows he actually cares about what his students are doing with his material out in the marketplace.

My feeling is that Rick is trying to help people setup a business similar to his company We Buy Houses. The fact that the examples and checklists we received in the pack are branded We Buy Houses is a testament that nothing is off limits in his eyes to help his students build their own property business.

So what is the Massive Passive Property Pack like?

Well here are my initial findings!

1. There is literally so much audio content that you will have to drive to Perth and back to get through it! Seriously, you will have to spend some serious time getting through these, but the content is fantastic, you just fly through them. You may think this is a drawback, but I think that as a hands on sort of guy I need to hear someone talking about the concepts and ideas for the lessons to kick in.

There are private phone calls, conferences and meetings, one on one conversations and private mentoring sessions that are covered and heaps of professional people who have supported Rick are involved. Guys like Tony Cordato, the vendor financing lawyer everyone uses in Sydney. There is Lewis O’Brien who is the Lawyer for the Victorian Guys using Rick’s techniques. Most of the audio is transcripted in a seperate folder and for those of us who appreciate being able to re-read something is a handy resourse.

2. There is a couple of hundred pages of how to, what to and when to articles aswell as a full guide as to how each transaction should be set up. There is a step by step guide to speaking with agents and vendors and a full script for the telephone conversations that need to be made with confidence and also extract the information to make this business a success.

3. There are a couple of Dvds which help the students experience the ideas and concepts from a difference stimulus, which is great as it gives a whole new understanding as some of the content on video is a workshop and it discusses basic terminology of the no money down strategies.

4. The successful sandwich lease options guide is a handy 40 something page booklet which I found to a be a go to guide today actually whilst trying to get an agent to sell my concept to his client.

5. There are two audio cds from two of guys living and breathing the business just like Rick. One of them is Martin from Cairns who makes a Million Dollars per year from This business and the other is Chris who is a Dancer in Tasmania. Chris is a normal family guy who has to buy properties cheap or for no money in it to get his business going. These are eye and ear opening as getting started is hard with a few blunt NO’s from agents etc.

6. There is every state in Australia and New Zealand’s paperwork and all the legal requirements have been listed by Lawyers in those areas. This is great if like me you live on the border of two states and do business in both!

The Massive property Pack will no doubt create so much attention in the real estate industry, that rick will be busy aging making more and more copies to make sure there is enough to ensure our business keeps growing and growing. As the Martin the Cairns Guy says. ‘Just back yourself and go for it‘ and ‘We offer a superb, superb alternative to the banking system this is going to be more and more common’.

Get a copy of the system from this link. Massive Property Pack Rick even offers a 5 times the price guarantee, so if you follow his system for a year and do not make more than 5 times the cost of his program, he will refund the cost of the Massive property Pack.

Don Christie

My Good Friend and Buddy, Rick, has given me a great free audio file from one of his closed door sessions.
He has been kind enough for me to make it available to you guys in order for me to get my website up and running.
Its all about the standard and doing things differently!
Who said the Guru’s don’t help?!?!

http://www.propertyinvestoradvice.com.au/

Its on the right hand side together with a lease option report for all to enjoy.
Rick is sending me a few more in the coming weeks.
Also i will be doing a day by day of buying a house and sandwich lease optioning it. With pictures, emails and solicitor’s commentary too. Video of the house and the conversations with agents for those of you who are having trouble.
Don

I bought Rick’s Wrap Pack a number of years ago and have been in the fortunate position to have used it and benefited the lives of not only myself, but the people we vendor financed into homes. Homes they now call their own, their choice to repaint and refurbish.

No more dead rent money! Read the Rest.

I have been the fortunate student of a few mentors and find them the best source of both experience and motivation. Each of them has what I would call a substantial portfolio of properties covering residential, commercial and industrial.

You need to get one to help you grow as a business person and as an investor. Nothing is new in the real estate world, just different techniques for different markets. Find people who are prepared to teach and mould you into a better business person and investor, and you are halfway to success already.

My first mentor was a carpet sales man who found a way out of working by buying properties in two’s and three’s. He would go in with investors and buy two houses at a discount for buying the two. He would get the return on one fof the houses and the investor would get the return on the other. After two years he would either sell the house and keep the capital growth or refinance it and buy it in his name. He did this for a while as this was the only way he could get going without having much money.

He then went into more deals and went in with other investments, where his contribution was the leg work and the investors were just the money people.

His portfolio is now close to $10 million and keeps growing substantially I find, each time I ring him for advice or just a chat. He did come from nothing and now enjoys traveling around the world on his cashflow from the investments he made.

Th other is a distant mentor, in so much as he and I have never met. We do business on the internet and emails together, sometimes on the phone, but we have never physically met. He is a broker with vast experience in all real estate issues. He has brought me deals that have out shot anything I managed to find.

So where do you find these guys? I found mine just by seeing who was doing what and buying where, etc. I had to prove that I was keen enough to work at what he asked me and try to complete things for him.

Find people who have been successful and copy what they have done. Get in contact with agents who may have buyers who could be a potential mentor. Ask for appointments and get asking questions.

Find out who is doing what at the big end of town and ring their secretaries!

Have a clear plan of what you want out of it as you may get a lot of closed doors, but ask for an interview to discuss investments and property and see where it leads you.

Getting a mentor to run you through your plan, is like doing it for free. Both risk free and capital free.

Don Christie