EP107 Creative Financing: Nothing Down, Why Price is Irrelevant, and the Power of Zero with Chris McClatchey

EP107 Creative Financing: Nothing Down, Why Price is Irrelevant, and the Power of Zero with Chris McClatchey

Chris McClatchey initially built his Real Estate Portfolio the Traditional Way - by using Bank Financing. But then it struck him; the majority of his cash flow was going back to the bank to pay off his mortgage. Not only that, but the first seven to fifteen years of mortgage payments were primarily paying off the interest on his loan rather than paying down the principal.

Chris knew that there had to be a better way, and that's when he came up with "The Power of Zero". By using seller financing with zero percent interest, Chris was able to outbid other investors by overpaying for the property, but he was still paying much less in interest over the duration of the loan.

Today, Chris shares "The Power of Zero" with us, and explains why its so important to listen to the seller to figure out what they really want, why the terms of the loan are much more important than the price you're willing to pay, the three elements to a great deal, and how to present an offer and understand the psychology of the seller.

And you don't want to miss Chris when he appears as a featured speaker at the 2018 Annual Real Estate Investor & Landlord FREE Conference & Expo, here in Grand Rapids, Michigan from February 22 thru 24.

You can go to www.rpoaonline.org to register for FREE!

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EP471 The Ups & Downs of Investing in Notes, Short-Term Rentals and Self-Storage with Tom Dunkel

EP471 The Ups & Downs of Investing in Notes, Short-Term Rentals and Self-Storage with Tom Dunkel

Navigating the ups and downs of real estate investing requires skill, strategy, and the ability to adapt. But what if you could create a portfolio designed to thrive in any market cycle? My guest toda...

6 Tammi 202527min

EP470 From Setbacks to Success: The Journey to Multimillionaire Status with Jose Berlanga

EP470 From Setbacks to Success: The Journey to Multimillionaire Status with Jose Berlanga

My guest today is a successful inner-city builder, real estate investor, and developer with over 25 years of experience. Jose Berlanga's story is one of building, losing, and rebuilding from the groun...

30 Joulu 202434min

EP469 Buying and Selling Real Estate on Your Terms with Chris Prefontaine

EP469 Buying and Selling Real Estate on Your Terms with Chris Prefontaine

Chris Prefontaine has figured out a way to navigate all kinds of real estate investing challenges by 'buying on his terms'. He's engineered his entire business to weather all storms and economic cycle...

23 Joulu 202429min

EP468 Which Floor of the Wealth Elevator Are You On? With Lane Kawaoka

EP468 Which Floor of the Wealth Elevator Are You On? With Lane Kawaoka

When Lane Kawaoka was last on the show, it was shortly before he left his day job as a licensed professional civil/industrial engineer. Since then, Lane has gone on to found The Wealth Elevator and ow...

16 Joulu 202426min

EP467 Scale Your Business to $10 Million with Edwin Carrion

EP467 Scale Your Business to $10 Million with Edwin Carrion

My guest today is a highly sought-after business strategist who helps entrepreneurs build to 8-figures or more through optimized systems and processes they can scale fast. Edwin Carrion's faith in God...

9 Joulu 202430min

EP466 Creative Strategies for Mobile Home Park Investing with Derek Vickers

EP466 Creative Strategies for Mobile Home Park Investing with Derek Vickers

My guest today is a seasoned mobile home park investor. Not only does he own just over two thousand units, through his company Vicktory Capital he also controls 41 parks worth over $130 million dollar...

2 Joulu 202430min

EP465 How to Avoid Real Estate Scams with Ginger Crystal Faith

EP465 How to Avoid Real Estate Scams with Ginger Crystal Faith

My guest today is a truly impressive real estate investor. Ginger Faith has been in this business for over 30 years. She's a broker/builder/CEO who has flipped over 57 houses, several of which were f...

25 Marras 202435min

EP464 Are You Paying Too Much in Property Taxes? With Joseph Noor

EP464 Are You Paying Too Much in Property Taxes? With Joseph Noor

If you own rental property, then chances are you're paying property tax. In many areas around the country, property tax assessments can be confusing, unpredictable, and sometimes overly expensive. How...

18 Marras 202429min

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