Tag Archives: Rick Otton

Rick Otton – the aftermath

Posted on September 17, 2022 by carolynbond

Rick Otton has had a lasting impact on some of his students, and similar risks are there for students of other wealth mentors, including Dominique Grubisa. Also see ‘Rick Otton what harm did he do?’ Property guru Rick Otton didn’t … Continue reading →

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“Heaps of houses and heaps of money!”

Posted on September 16, 2022 by carolynbond

Sheree Becker, one of Otton’s “advanced mentoring students” has been found guilty of seven charges of obtaining financial advantage by deception.  (Update – Sentenced 29/11 to 3.5 years jail, minimum 15 months).   Feted by Otton (he referred to her as “advanced mentoring … Continue reading →

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Record Penalty for Rick Otton

Posted on November 15, 2018 by carolynbond

On 15 November 2018, Rick Otton and We Buy Houses received the highest penalties ever imposed in Australia for breach of Australian Consumer Law. The Federal Court imposed penalties totalling $18 million against We Buy Houses Pty Ltd (We Buy … Continue reading →

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Rick Otton – Federal Court Decides

Posted on August 11, 2017 by carolynbond

On 11 August 2017, the Federal Court found that Rick Otton, and We Buy Houses (WBH) (referred to as “the respondents” below) engaged in conduct which was misleading or deceptive or was likely to mislead or deceive in contravention of the … Continue reading →

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Lease Options in Court

Posted on January 22, 2017 by carolynbond

A former Rick Otton student, and witness in his Federal Court case, lost a lease-option case in Supreme Court of NSW (Australia) in December 2016.  The case shows, once again, the risks faced by owners, buyers – and even ‘creative … Continue reading →

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Lease Options

Posted on April 16, 2016 by carolynbond

In this post I consider some examples of rent-to-buy houses (lease options) which were provided by the people who promote them.  Even these positive examples offer very little benefit to an unsophisticated ‘buyer’ in exchange for significant financial risk. It … Continue reading →

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Has the Government put Rick Otton’s book in all the libraries?

Posted on August 15, 2015 by carolynbond

Rick Otton and his students go to great lengths to show how “rent to buy” strategies are accepted – even supported – by Government, the Courts and the banks. Most of these claims are probably inconsequential in their own right, but it … Continue reading →

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When the going gets tough, the tough get …evasive?

Posted on August 27, 2014 by carolynbond

How have prominent rent-to-buy figures responded to challenges?   The rent-to-buy industry has faced some challenges over the past few years, including negative media coverage, attention from regulators and a series of prosecutions.

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Rent-to-buy selling techniques

Posted on July 5, 2014 by carolynbond

This post is about selling techniques taught by Rick Otton.  While not all rent-to-buy operators would use these techniques, it is likely that they are used widely in the industry. Many – perhaps most – of the people in this … Continue reading →

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Rent-to-buy houses – is it legal?

Posted on March 28, 2014 by carolynbond

Update:  Most rent-to-buy property agreements are prohibited by law in South Australia and Victoria.  Check state legislation. While a number of rent-to-buy websites respond “yes”, this question could refer to any one of many different transactions. The term “rent to … Continue reading →

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