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(591)

EP174 Note Buying Expert Panel Discussion and Q&A with Sue Nelson, Gene Chandler, & Kyle Zimpleman

EP174 Note Buying Expert Panel Discussion and Q&A with Sue Nelson, Gene Chandler, & Kyle Zimpleman

Performing and Non-Performing Notes. You've definitely heard us talk on this podcast about this area of investing. While the returns can be quite lucrative, there are many risks to consider, as well...

13 Touko 201953min

EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs

EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs

Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes.  Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on...

6 Touko 201947min

EP172 How He Grew from a 2-Unit to 640 Units, all in His Own Backyard with Jason Pero

EP172 How He Grew from a 2-Unit to 640 Units, all in His Own Backyard with Jason Pero

Jason Pero bought his first duplex in 2001 and never looked back.  He quickly acquired more units, started a management company, and left his W-2 job by 2012.  He now owns over 650 Units that he manag...

29 Huhti 201952min

EP171 Legalized Marijuana & Your Investment Property: Expert Q&A with Justin Wheeler

EP171 Legalized Marijuana & Your Investment Property: Expert Q&A with Justin Wheeler

With the recent legalization of marijuana in Michigan and other states around the country, many real estate investors and landlords have been wondering what this means for their investment property. A...

22 Huhti 201950min

EP170 How He's Finding Multiple Off-Market Opportunities with Patrick Spitzley

EP170 How He's Finding Multiple Off-Market Opportunities with Patrick Spitzley

If you're looking for opportunities in today's hot market, and chasing after those that are listed on the MLS by realtors or brokers, chances are you're experiencing a great deal of competition and fr...

15 Huhti 201955min

EP169 The Language Of Land - Finding, Funding & Profiting from Lots & Unimproved Land with Jack Bosch

EP169 The Language Of Land - Finding, Funding & Profiting from Lots & Unimproved Land with Jack Bosch

Jack Bosch owns rental houses, commercial properties and even large apartment communities.  However, Jack's main passion is for buying and selling Lots and Unimproved Land. Jack and his wife began inv...

8 Huhti 201954min

EP168 Can This Mastermind Group Help Him Fix His Rehabbing & Flipping Business Model?  With Ramond Harris II, Patrick Spitzley, and Justin Workman

EP168 Can This Mastermind Group Help Him Fix His Rehabbing & Flipping Business Model? With Ramond Harris II, Patrick Spitzley, and Justin Workman

I met Ramond Harris II at the RPOA's Annual Conference last month, and after hearing his story I knew that we needed to record a podcast immediately.  You see, Ramond is seemingly a successful Detroit...

1 Huhti 20191h 13min

EP167 Demographics, Trends, and Technologies that are Shaping the Future of Real Estate Investing with Linda Liberatore

EP167 Demographics, Trends, and Technologies that are Shaping the Future of Real Estate Investing with Linda Liberatore

As Rental Property Owners and Landlords, we need to be aware of the changing demographics, trends, and technologies that are shaping the future of Real Estate Investing, especially when it comes to th...

25 Maalis 201954min

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