(PRWEB) August 05, 2013
There a lot of ways to invest in property besides using cash you just need to use your creativity in coming up with these new processes, commented Rick Otton, author of How To Buy A House For A Dollar, in a recent article discouraging people to invest in property if theyre not cash rich.
The article explained that, on average, people have $ 250,000 in their superannuation which is invested on a variety of platforms such as cash bonds, shares, and others. Now, the ordinary Sydney property could cost the buyer around $ 500,000, and in order for regular people to buy property in Sydney they must take out big mortgages.
The author wrote that this kind of scenario leaves the investor with so much exposure for a single Sydney property investment.
Its normal to read about negative opinions on property investment especially when the traditional processes of taking out home loans to buy houses is not as stable as it used to be, according to Mr. Otton. Times like these prove that creating new processes is the only way to solve problems which cannot be remedied by old processes, he added.