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)

EP353 How the BRRRR Method Has Helped Them Achieve Financial Freedom Through Real Estate Investing With Tiffany and Eric Vogel

EP353 How the BRRRR Method Has Helped Them Achieve Financial Freedom Through Real Estate Investing With Tiffany and Eric Vogel

My guests today are a husband and wife team who started investing in 2018 and have found financial freedom through buy-and-hold rental properties. Now, Tiffany and Eric Vogel have released their first...

3 Loka 202231min

EP352 A Lawyer's Guide to Finding, Funding And Managing Real Estate Investments With Brian Boyd

EP352 A Lawyer's Guide to Finding, Funding And Managing Real Estate Investments With Brian Boyd

As you build your real estate investment portfolio, it's essential to have the right type of attorneys to keep you out of trouble and help ensure success. Today we're going to talk with a real estate ...

26 Syys 202229min

EP351 When Disaster Strikes, Who Should You Call Before You Call Your Insurance Agent? With Jack Hanks

EP351 When Disaster Strikes, Who Should You Call Before You Call Your Insurance Agent? With Jack Hanks

Let's say you own an apartment building and there's a fire that destroys one of the units. Or maybe a tornado rips through your community and demolishes an entire building. What if there's an earthqua...

19 Syys 202228min

EP350 How 6 Months to Live Turned Into 20 Years of Real Wealth and Financial Freedom with Rich Fettke

EP350 How 6 Months to Live Turned Into 20 Years of Real Wealth and Financial Freedom with Rich Fettke

Twenty years ago, Rich Fettke learned he had cancer and that he only six months left to live. That news turned out to be wrong, but it changed his life for the better. Since then, he's gone on to crea...

12 Syys 202228min

EP349 Why He Bought Up 19 City Blocks in Downtown Jacksonville with Gregg Cohen

EP349 Why He Bought Up 19 City Blocks in Downtown Jacksonville with Gregg Cohen

Over the past two years, today's guest has acquired 19 city blocks in Jacksonville, Florida's urban center with the goal of creating a thriving, walkable downtown. Why? Because by helping make Jackso...

5 Syys 202231min

EP348 What You Need to Know About Investing in Distressed Commercial Real Estate With Jake Harris

EP348 What You Need to Know About Investing in Distressed Commercial Real Estate With Jake Harris

When I started investing in multifamily it was 2008 and every property was a distressed property. The period between 2008 and 2012 was definitely a buyer's market and sellers were desperate to unload ...

29 Elo 202236min

RPOA Special Economic Update with Dr. Paul Isley

RPOA Special Economic Update with Dr. Paul Isley

Are you wondering what the impact of current economic trends—including the red-hot (…but potentially cooling?) real estate market and soaring inflation—will have on your real estate investments? Then ...

25 Elo 20221h 34min

EP347 An Argument for Developing and Building Multifamily with Roger Luri

EP347 An Argument for Developing and Building Multifamily with Roger Luri

Have we reached the point where it no longer makes sense to invest in older multifamily properties? My guest today makes the argument that there is nothing passive about investing in older properties...

22 Elo 202226min

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