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(590)

Special RPOA 2023 Annual Conference Announcement - Short & Mid-Term & Extended Stay Rentals

Special RPOA 2023 Annual Conference Announcement - Short & Mid-Term & Extended Stay Rentals

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,...

12 Tammi 20234min

Special Short Term Rental Association First-Annual Conference Announcement

Special Short Term Rental Association First-Annual Conference Announcement

Our First Ever Short Term Rental Association Conference! We have a special announcement today about the RPOA's annual conference happening February 23rd & 24th, 2023 here in Grand Rapids Michigan. Thi...

12 Tammi 20239min

EP367 Successful Investing Strategies this Tax Attorney Has Learned from Over 10,000 Clients with Toby Mathis

EP367 Successful Investing Strategies this Tax Attorney Has Learned from Over 10,000 Clients with Toby Mathis

My guest today is a tax attorney who has worked with real estate clients for over twenty years, and in that time has come to recognize the choices and strategies that separate the successful investors...

9 Tammi 202332min

EP366 How He's Travelling the World While Earning $25,000 per Month From His Real Estate Business With Brian Luebben

EP366 How He's Travelling the World While Earning $25,000 per Month From His Real Estate Business With Brian Luebben

My guest today is only 27 years old but he's already hit his financial freedom goals and recently booked a one-way flight to travel the world on the $25,000 per month his real estate business is gener...

2 Tammi 202331min

EP365 What Is Attainable Housing and What Are the Cutting-Edge Strategies We Must Use to Achieve It? with Chris Loeffler

EP365 What Is Attainable Housing and What Are the Cutting-Edge Strategies We Must Use to Achieve It? with Chris Loeffler

We're facing a real dilemma in this country with our lack of attainable housing, and it's easy to understand a lot of the supply and demand reasons why this crisis exists. But identifying solutions ca...

26 Joulu 202230min

EP364 Increasing Your Rental Income 3 to 4 Times by Providing Corporate Housing with Angela Healy

EP364 Increasing Your Rental Income 3 to 4 Times by Providing Corporate Housing with Angela Healy

If you've been listening long enough to this show, then you're already familiar with the concept of corporate and executive rental housing, in which the property owner provides furnished 30 day or lon...

19 Joulu 202230min

EP363 Raising Capital from Your Network with Dave Dubeau

EP363 Raising Capital from Your Network with Dave Dubeau

One of the greatest challenges real estate investors face as they scale their portfolio is raising capital. Specifically, raising equity from friends and family in order to get more and bigger deals d...

12 Joulu 202228min

EP362 How She Made an 1,800% Return on an American Land Deal while Investing from Australia with Alicia Jarrett

EP362 How She Made an 1,800% Return on an American Land Deal while Investing from Australia with Alicia Jarrett

My guest today has built a portfolio of fix and flips as well as land deals here in the United States, and she's done it while living halfway around the world in Australia. Today, Alicia Jarrett is go...

5 Joulu 202230min

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