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!

Jaksot(589)

EP463 Election Roundup – Is Rent Control Dead? with Erika Farley

EP463 Election Roundup – Is Rent Control Dead? with Erika Farley

No matter which party and candidates you voted for, one thing I'm certain that we all can agree on is that it's good to have election day behind us. But what does the outcome mean for real estate inve...

11 Marras 202427min

EP462 How You Can Benefit from an Executive Assistant or Fractional COO with Matt Viebrock

EP462 How You Can Benefit from an Executive Assistant or Fractional COO with Matt Viebrock

One of the common denominators between the successful guests we've had on this show is their ability to systematize, streamline, and scale their business to increase their revenue. But building a team...

4 Marras 202434min

How You Can Help the Hurricane Helene Recovery Efforts

How You Can Help the Hurricane Helene Recovery Efforts

Brian Hamrick here with a special episode for you today that hits very close to home. I'm joined by Alex Jarbo, who is my partner in a vacation rental resort property located in Asheville, NC. As many...

1 Marras 202423min

EP461 Her Incredible Real Estate Success Story will Inspire You, with Yamu Camara

EP461 Her Incredible Real Estate Success Story will Inspire You, with Yamu Camara

My guest today, Yamu Camara, was born and raised in a small village in West Africa where she faced profound loss and hardship from a young age. But her journey from humble beginnings to entrepreneuria...

28 Loka 202435min

EP460 Investing in Mobile Home Parks and Parking Lots with Kevin Bupp

EP460 Investing in Mobile Home Parks and Parking Lots with Kevin Bupp

Today we're going to be talking about investing in mobile home parks and parking lots with Kevin Bupp. Kevin is the owner of Sunrise Capital Investors and one of the premier mobile home park investors...

21 Loka 202436min

EP459 Building Your Wealth through Alternative Assets with Denis Shapiro

EP459 Building Your Wealth through Alternative Assets with Denis Shapiro

A lot of people consider real estate investing to be an alternative form of investment. To traditional stock/bond/mutual fund investors, real estate can seem quite risky and exotic. But once you enter...

14 Loka 202431min

EP458 Why High Interest Rates Are Good for Investors with Fred SaintAmour

EP458 Why High Interest Rates Are Good for Investors with Fred SaintAmour

As we are recording this, the Federal Reserve is scheduled to meet over next week and by all accounts, they are expected to lower interest rates for the first time in over four years. But are lower ra...

7 Loka 202429min

EP457 Homeless to 100 Doors with Ray Glymph

EP457 Homeless to 100 Doors with Ray Glymph

Ray Glymph is a successful real estate investor and business coach who knows a lot about triumph in the world of real estate and entrepreneurship, as well as achieving success through self-motivation ...

30 Syys 202427min

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