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)

EP456 The New Era in Multifamily Investing with Travis Watts

EP456 The New Era in Multifamily Investing with Travis Watts

My guest today has been involved with over 50 investments as a limited partner and he's going to share his perspective on the monumental changes occurring in multifamily and apartment investing. We'll...

23 Syys 202433min

EP455 Expert Insight into Commercial Real Estate Asset Classes with Bill Himmelstein

EP455 Expert Insight into Commercial Real Estate Asset Classes with Bill Himmelstein

My guest today has been a commercial broker for over 23 years, representing businesses as they lease, buy, and sell office, industrial, medical, cannabis and retail space. He's also part of a team de...

16 Syys 202432min

EP454 Don't Let Squatters Steal Your House with George McCleary

EP454 Don't Let Squatters Steal Your House with George McCleary

My guest today is an expert on squatters and how to prevent, detect, and eject them. You may have seen his viral video "I Stole a House" which details how squatters exploit the system for illicit fina...

9 Syys 202433min

EP453 How to Build a $300 Million Apartment Portfolio with the Kitti Sisters

EP453 How to Build a $300 Million Apartment Portfolio with the Kitti Sisters

My guests today started with $2,000 in their bank account and turned that into a $300 million multifamily apartment portfolio. Palmy and Nancy Kitti are here today to delve into the behind-the-scenes ...

2 Syys 202433min

EP452 Real Estate Tax Strategies You've Never Heard Before with Shauna The Tax Goddess

EP452 Real Estate Tax Strategies You've Never Heard Before with Shauna The Tax Goddess

It always amazes me how many real estate investors are still doing their own year-end taxes, or they're working with a tax preparer who doesn't specialize in real estate. While hiring an expert to do ...

26 Elo 202436min

EP451 Building Lender Relationships with Bobby Fisher

EP451 Building Lender Relationships with Bobby Fisher

As a real estate investor you may have noticed that it has gotten a lot more difficult to acquire financing for your projects. That's why it's so important to build your lender relationships. Often, i...

19 Elo 202438min

EP450 Scaling Your Investment Strategies with Apartments

EP450 Scaling Your Investment Strategies with Apartments

This apartment investing panel discussion was recorded live at the 2024 Midwest Real Estate Investor Conference sponsored by the RPOA. Thanks for joining us today on this apartment investing panel dis...

12 Elo 202453min

EP449 Why He's Doubling Down on Buying Office Buildings with Scott Sherman

EP449 Why He's Doubling Down on Buying Office Buildings with Scott Sherman

There seems to be a lot of fear in the commercial real estate world about the amount of distress in commercial office buildings. In San Francisco, a Market Street tower that was purchased for $62 mill...

5 Elo 202429min

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