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)

EP406 How to SCALE Your BRRRR Strategy with Niti Jamdar

EP406 How to SCALE Your BRRRR Strategy with Niti Jamdar

The BRRRR method is one of the most tried and true real estate investing plays. BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat, and this strategy has helped countless investors build their r...

9 Loka 202327min

How to Make New Construction Pencil Out - Next Level Thursday

How to Make New Construction Pencil Out - Next Level Thursday

In today's economy, its very difficult to make new ground-up construction projects pencil out. With higher interest rates, labor and material costs, and a decrease in construction financing options, w...

5 Loka 20235min

EP405 How to Invest in Discounted, Distressed Commercial Real Estate with Dr. Adam Gower

EP405 How to Invest in Discounted, Distressed Commercial Real Estate with Dr. Adam Gower

There's trouble on the horizon for commercial real estate. Some of that trouble is coming from the office sector, some of it is because of higher insurance costs, and some of it is a result of interes...

2 Loka 202331min

Should We Hire the Seller as Our Property Manager? - Next Level Thursday

Should We Hire the Seller as Our Property Manager? - Next Level Thursday

In 2021, Charlie Kao and I were considering buying an off-market self-storage facility in northern Michigan. All of the numbers looked great, but the one sticking point was that the seller wanted to s...

28 Syys 20236min

EP404 Profiting from Accessory Dwelling Units (ADUs) with Shawn DiMartile

EP404 Profiting from Accessory Dwelling Units (ADUs) with Shawn DiMartile

Recently, the city of San Diego, California implemented a new program to help increase housing stock and affordability. They created a bonus accessory dwelling unit, or ADU, program that allows invest...

25 Syys 202332min

Print, Sign and Scan? Never Again! - Next Level Thursday

Print, Sign and Scan? Never Again! - Next Level Thursday

When it comes to signing documents, how much time have you wasted printing, signing, and then scanning the document back into your computer? On today's episode of Next Level Thursday, Brian shares one...

21 Syys 20234min

EP403 The Challenges of Converting Vacant Office Space into Apartments with Andrew Hinton

EP403 The Challenges of Converting Vacant Office Space into Apartments with Andrew Hinton

One of the after effects of the Covid-19 pandemic has been an increase in people working from home, and a decrease in the need for office space. This has had a dramatic effect on office buildings as a...

18 Syys 202331min

What We Found Under the Parking Lot - Next Level Thursday

What We Found Under the Parking Lot - Next Level Thursday

Any time you start a new construction project one of the biggest mysteries you'll encounter is what you might find under the ground. Well, you won't believe what we found under the old parking lot at ...

14 Syys 20235min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rss-sisalto-kuntoon
sijoituspodi
rahapuhetta
rss-karon-grilli
herrasmieshakkerit
rss-bisnesta-bebeja
rss-draivi
leadcast
rss-lahtijat
rss-laakispodi
rss-seuraava-potilas
rss-paasipodi
rss-yrittajan-mindset
asuntoasiaa-paivakirjat