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!

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EP373 How They Treat Their Real Estate Flipping and Renting as a Business Through Teams and Systems with Glenn and Amber Schworm

EP373 How They Treat Their Real Estate Flipping and Renting as a Business Through Teams and Systems with Glenn and Amber Schworm

Today we're going to talk with a married couple, who together have weathered the ups & downs of real estate investing through good and difficult markets. Back in 2007, Glenn and Amber Schworm owed $80...

20 Helmi 202334min

EP372 How Climate Change and Climate Migrants Will Affect Real Estate Investors in Michigan with MLive Reporter Lindsay Moore

EP372 How Climate Change and Climate Migrants Will Affect Real Estate Investors in Michigan with MLive Reporter Lindsay Moore

Today we're going to discuss one of the greatest threats not only to real estate investors, but to everyone who lives in areas with rising sea levels, frequent hurricanes, forest fires, draughts and i...

13 Helmi 202340min

EP371 Four Years to 350 Doors, 24 Employees, and $70 Million in Assets with Allon Avgi

EP371 Four Years to 350 Doors, 24 Employees, and $70 Million in Assets with Allon Avgi

My guest today is Allon Avgi, the Founder and CEO of AVGI, a real estate investment firm with a portfolio of $70m built over the past 4 years. Allon got his start at the age of 20 with a wrecked house...

6 Helmi 202323min

EP370 What He's Learned From Millionaires and Billionaires That Helped Him Close Over $500 Million in Deals with Richard C Wilson

EP370 What He's Learned From Millionaires and Billionaires That Helped Him Close Over $500 Million in Deals with Richard C Wilson

My guest today is a true thought leader when it comes to raising capital from high net-worth and ultra high net worth investors. His book "Capital Raising" is the best book I've ever listened to on th...

30 Tammi 202333min

Special RPOA 2023 Annual Conference Announcement - Asset Protection for Real Estate Investors

Special RPOA 2023 Annual Conference Announcement - Asset Protection for Real Estate Investors

The Biggest Real Estate Investing Conference in Michigan is BACK! Announcing the Michigan Landlord & Real Estate Investor Conference & Expo 2023 - at the Devos Place Conference Center in Grand Rapids,...

26 Tammi 20234min

EP369 The Future of Apartment Operations: Understanding Rent Strikes, Parking Ratios, and Next Generation Amenities with Diane Batayeh

EP369 The Future of Apartment Operations: Understanding Rent Strikes, Parking Ratios, and Next Generation Amenities with Diane Batayeh

The rental world is constantly changing and as rental property owners we need to see five steps ahead in order to best manage our rental business. Today we're going to discuss several hot-button issue...

23 Tammi 202337min

Special RPOA Annual Conference & Expo Announcement

Special RPOA Annual Conference & Expo Announcement

The Biggest Real Estate Investing Conference in Michigan is BACK! Join us for a two day in-person event at DeVos Place in the heart of downtown Grand Rapids, Michigan on February 23rd & 24th at the 20...

19 Tammi 20239min

EP368 How He's Revolutionizing Real Estate Ownership through web3, NFTs, and Fractional Ownership with David Woodbury

EP368 How He's Revolutionizing Real Estate Ownership through web3, NFTs, and Fractional Ownership with David Woodbury

My guest today is using technology in a very cutting-edge way to fund and raise money for his real estate investments. Maybe you've heard of web3, NFTs and fractional ownership? Well today you're goin...

16 Tammi 202330min

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