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)

EP396 Find the Best Multifamily Investing Markets by Unleashing the Power of Data with Drew Breneman

EP396 Find the Best Multifamily Investing Markets by Unleashing the Power of Data with Drew Breneman

My guest today bought his first four rental properties at the age of 19 using savings from his high school internet business. Today, Drew Breneman is the founder and CEO of Breneman Capital where he f...

31 Heinä 202331min

EP395 How to Finance Investment Property in 2023 with Fred SaintAmour

EP395 How to Finance Investment Property in 2023 with Fred SaintAmour

If you're in the process of buying any type of rental property right now, then you've probably noticed how difficult it has become to find a suitable loan and terms. Changes in key metrics such as deb...

24 Heinä 202323min

EP394 Investing in Multifamily Syndications in Texas with Rebecca Moore

EP394 Investing in Multifamily Syndications in Texas with Rebecca Moore

Rebecca Moore is a multifamily investor and syndicator. Through her company, Starboard Equity, she and her husband control over 900 units. Her strengths are strategic partnerships, investor relations,...

17 Heinä 202328min

EP393 Bypass the Banks by Investing in Mortgage Notes with Fred Moskowitz

EP393 Bypass the Banks by Investing in Mortgage Notes with Fred Moskowitz

With higher interest rates and the distress we're currently seeing in the banking and lending arena, investing in real estate has become a lot more difficult lately. There is, however, a way to bypass...

10 Heinä 202329min

EP392 Defending Short-Term Rentals Through Lobbying & Grassroots Efforts With Ryan Servatius and Brian Westrin

EP392 Defending Short-Term Rentals Through Lobbying & Grassroots Efforts With Ryan Servatius and Brian Westrin

Be careful when you acquire your short-term rental properties and make sure you know the prevailing laws and rules in the area you're investing in. Many cities and municipalities are changing their pe...

3 Heinä 202356min

EP391 How He's Leveraging Virtual Assistants and Artificial Intelligence in His Wholesaling and Fix & Flip Investing with Matt Larson

EP391 How He's Leveraging Virtual Assistants and Artificial Intelligence in His Wholesaling and Fix & Flip Investing with Matt Larson

My guest today has completed over 4,000 real estate transactions and his strategies include wholesaling, fix and flips, rentals and property management. He also owns an 18,000 sq. ft. warehouse stocke...

26 Kesä 202329min

EP390 These Teens Control Over 80 Units of Real Estate Investments With Eric, Lila, Deven & Ethan Wohlwend

EP390 These Teens Control Over 80 Units of Real Estate Investments With Eric, Lila, Deven & Ethan Wohlwend

I have the pleasure today of interviewing a unique and fascinating family of real estate investors. I'll start with Deven who is 16 years old and controls over 45 units. He published his first book wh...

19 Kesä 202335min

EP389 This Out-Of-Work Actor Built a $35 Million Self-Storage Portfolio in Three Years With Cameron Barsanti

EP389 This Out-Of-Work Actor Built a $35 Million Self-Storage Portfolio in Three Years With Cameron Barsanti

Three years ago, my guest was an out-of-work actor who had just lost his wife's savings on a feature film that he produced. He was collecting unemployment and had a second child on the way. He had ver...

12 Kesä 202332min

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