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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EP330 Special RPOA Expert Panel on Performing and Non-Performing Notes with Donna Bauer and Gene Chandler

EP330 Special RPOA Expert Panel on Performing and Non-Performing Notes with Donna Bauer and Gene Chandler

This note buying panel discussion was recorded during RPOA's 2022 conference. We were joined by two incredible experts who helped us understand the difference between performing and non-performing not...

25 Huhti 202245min

EP329 Eliminating the Fear of Getting Started in Real Estate and Building Your Brand with Former Professional Basketball Player Art Morrison III

EP329 Eliminating the Fear of Getting Started in Real Estate and Building Your Brand with Former Professional Basketball Player Art Morrison III

My guest today is a former professional basketball player who has taken his passion and persistence from the basketball court to the real estate world. Art Morrison III is the CEO of United Home Relie...

18 Huhti 202235min

EP328 Finding Deals by Marketing Directly to the Seller with Justin Silverio

EP328 Finding Deals by Marketing Directly to the Seller with Justin Silverio

We all know that it's a competitive real estate market right now, and that there seems to be a lot more buyers than there are deals. One of the best ways to find opportunities is to market directly to...

11 Huhti 202229min

EP327 Creating a Unique Vacation Rental Experience by Building Cabins with Alex Jarbo

EP327 Creating a Unique Vacation Rental Experience by Building Cabins with Alex Jarbo

My guest today has a vacation rental strategy that is quite unique. Instead of buying or converting residential property into vacation rentals, he prefers to build cabins. Alex Jarbo is a short-term r...

4 Huhti 202231min

EP326 Backstage Guide To Real Estate with Apartment Investor and Tony Award Winner Matt Picheny

EP326 Backstage Guide To Real Estate with Apartment Investor and Tony Award Winner Matt Picheny

My good friend Matt Picheny is back on the show today. You may remember Matt as a successful syndicator of multifamily apartments and Broadway shows such as Hamilton and Moulin Rouge. Matt just releas...

28 Maalis 202236min

EP325 Vacation Rental Trends, Marketing Tips and Best Practices with Marcus Rader

EP325 Vacation Rental Trends, Marketing Tips and Best Practices with Marcus Rader

Today we're going to have a conversation about vacation rentals. What does the data tell us about their growth and viability in the coming years, what are the trends in the industry, and where should ...

21 Maalis 202245min

EP324 Eleven Millionaire Secrets You Never Learned in School with Billion Dollar Skyscraper Developer Ken Van Liew

EP324 Eleven Millionaire Secrets You Never Learned in School with Billion Dollar Skyscraper Developer Ken Van Liew

My friend Ken Van Liew is back on the show today, and you may remember Ken as the developer of New York skyscrapers valued over $1.3 billion. Ken has extensive experience in every aspect of real estat...

14 Maalis 202238min

EP323 Digital Advertising and Marketing Analytics for Your Vacation Rentals and Co-Housing Real Estate with Michael Tich

EP323 Digital Advertising and Marketing Analytics for Your Vacation Rentals and Co-Housing Real Estate with Michael Tich

If you want to learn more about how best to digitally market your vacation rental or co-housing property, you're going to love today's conversation with Michael Tich. Mike used to work for Airbnb wher...

7 Maalis 202236min

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