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)

EP402 Management Styles for Short-Term Vacation Rentals

EP402 Management Styles for Short-Term Vacation Rentals

Welcome to the Management Styles for Short-Term Rentals Panel. What management style is best suited for your short-term rentals? Should you handle managing yourself, or is a third-party team a better ...

11 Syys 20231h 15min

Un-Financeable and Seller Wouldn't Carry the Note - Next Level Thursday

Un-Financeable and Seller Wouldn't Carry the Note - Next Level Thursday

In 2021, Jeremy Garcia's commercial realtor brought him a semi-off-market listing for a 14-acre vacation resort located on the shores of Lake Michigan in North Muskegon. The resort had been closed for...

7 Syys 20236min

EP401 How He Makes $2 Million a Month in Passive Income with Kyle Seyboth

EP401 How He Makes $2 Million a Month in Passive Income with Kyle Seyboth

When you ask most investors how much passive income they would need to be financially free, the most common answer is $10,000 per month. Well, my guest today is on track to generate a staggering passi...

4 Syys 202327min

Why FEMA Flood Zone Maps Must Be Part of Due Diligence for Investors - Next Level Thursday

Why FEMA Flood Zone Maps Must Be Part of Due Diligence for Investors - Next Level Thursday

Welcome to Next Level Thursday! On our very first episode we're going to discuss FEMA Flood Zone Maps and why you must include them in your due diligence when buying any type of property. Both lenders...

31 Elo 20235min

EP400 Brian's Predictions for the Top 5 Real Estate Investing Trends Through Episode 500!

EP400 Brian's Predictions for the Top 5 Real Estate Investing Trends Through Episode 500!

We made it to episode #400! Today your host, Brian Hamrick, is going to give you a peek behind the curtain and share insight into the past 400 episodes and where this podcast is heading for the next 4...

28 Elo 202318min

EP399 Solving the Affordable Housing Crisis with Mobile Homes and Factory-Built Housing with Franco Perez

EP399 Solving the Affordable Housing Crisis with Mobile Homes and Factory-Built Housing with Franco Perez

My guest today is on a mission to create affordable housing in one of the most unaffordable locations in the country—Silicon Valley. Franco Perez is a mobile home expert, affordable housing author, an...

21 Elo 202328min

EP398 How to Drive Value in Real Estate Through Architecture and Design with Aaron Yassin

EP398 How to Drive Value in Real Estate Through Architecture and Design with Aaron Yassin

How important is architecture and design when it comes to real estate investing? According to my guest today it's of ultimate importance, and the sooner you understand that, the more money you can mak...

14 Elo 202333min

EP397 Wholesaling, Lease-Options, and Subject-To Investing Strategies with Eudania Burrell

EP397 Wholesaling, Lease-Options, and Subject-To Investing Strategies with Eudania Burrell

My guest today is a federal officer for the Department of Homeland Security who has also become a real estate investor, entrepreneur and coach. When the Covid-19 pandemic shut down the world several y...

7 Elo 202330min

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