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)

EP234 How to Increase Your Profits by Getting Control Over Your Utility Expenses with Scott Ringlein

EP234 How to Increase Your Profits by Getting Control Over Your Utility Expenses with Scott Ringlein

One of the best ways to increase your net operating income and cashflow is to get control over your utility expenses. Whether it's through improving your existing systems and mechanicals, adding rene...

29 Kesä 202043min

EP233 Shopping Malls, Big Box Stores, and Strip Centers.  How His $3 Billion Retail Portfolio is Holding Up in the Age of Amazon and Covid-19, with Chris Ressa

EP233 Shopping Malls, Big Box Stores, and Strip Centers. How His $3 Billion Retail Portfolio is Holding Up in the Age of Amazon and Covid-19, with Chris Ressa

You're about to hear an incredibly informative conversation I had with Chris Ressa about Commercial Retail investing. We recorded this on March 11th, just before our country went into lockdown, and a...

22 Kesä 20201h 7min

EP232 Investing in Self-Storage on a Massive Scale and Structuring Your Fund with Kris Benson

EP232 Investing in Self-Storage on a Massive Scale and Structuring Your Fund with Kris Benson

One of the asset classes that's expected to hold up well during this Coronavirus Pandemic is Self-Storage. In fact, it tends to do well no matter how the economy is performing. Today we're going to ...

15 Kesä 202053min

EP231 How He Bought an Island and is Building a World-Class Resort with Dan Behm

EP231 How He Bought an Island and is Building a World-Class Resort with Dan Behm

My guest today made a lifestyle real estate investment in an asset class that most of us can only dream of. He bought an Island! And he's turning that island into the world's sexiest off-the grid pri...

8 Kesä 202046min

EP230 How He Applies His Christian Principles to Real Life Real Estate Situations with Ellis Hammond

EP230 How He Applies His Christian Principles to Real Life Real Estate Situations with Ellis Hammond

Ellis Hammond is my guest today and he began investing in real estate while he was serving as a college pastor in San Diego. While his goal was to create passive cash flow for his family, he realized...

1 Kesä 202042min

EP229 Deal Packaging, Homes of Multiple Occupancy, and Raising Cash in the UK with Susannah Cole

EP229 Deal Packaging, Homes of Multiple Occupancy, and Raising Cash in the UK with Susannah Cole

My guest today is one of the UK's most successful self-made property investors. She started her first business at the age of 22 and even then she knew she had an entrepreneurial spirit which could no...

25 Touko 202048min

EP228 Sometimes the Best Deal is the One You Walk Away From, with Ken Jenkins

EP228 Sometimes the Best Deal is the One You Walk Away From, with Ken Jenkins

Many Multifamily & Apartment Investors are looking for opportunities wherever they make sense.  Today's guest found what appeared to be an excellent upside opportunity in Macon, Georgia that he and hi...

18 Touko 20201h 4min

EP227 How He's Achieving Financial Freedom through Student Housing Investing in California with Ryan Chaw

EP227 How He's Achieving Financial Freedom through Student Housing Investing in California with Ryan Chaw

Do you know what your financial freedom number is? The answer is the amount of passive income you'd need to achieve in order to cover all of your expenses and replace your job income. When you ask mo...

11 Touko 202035min

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