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)

EP160 Short-Term & Vacation Rental Investing with Beth Carson

EP160 Short-Term & Vacation Rental Investing with Beth Carson

Short-Term & Vacation Rentals like Airbnb are getting a lot of interest from investors because of their potential for exponentially increasing your income. My guest today, Beth Carson, helps investors...

4 Helmi 201945min

EP159 Self–Storage Investing with Scott Meyers

EP159 Self–Storage Investing with Scott Meyers

Today we're going to talk about a real estate asset-class that I love.  It's one where you have renters, but they don't live in the property.  You quite often don't have to worry about heat or water, ...

28 Tammi 201952min

EP158 Mobile Home Investing Systems, Management & Mastery with Marco Kozlowski

EP158 Mobile Home Investing Systems, Management & Mastery with Marco Kozlowski

Many investors are turning to mobile home investing to avoid the crazy competition in the real estate market for rentals and flips—and they're succeeding! Mobile homes are sometimes the only alternati...

21 Tammi 201939min

EP157 Where to Get More Money to Do More Real Estate Deals with Alan Cowgill

EP157 Where to Get More Money to Do More Real Estate Deals with Alan Cowgill

One of the biggest questions real estate investors have is "where can I get More Money to do More deals?".  Or, if you're just starting out, how can you find the funds to do your first deal? My guest ...

14 Tammi 201944min

EP156 The Nuts & Bolts of Rehabbing & Flipping For Profit with Cameron Gaskill

EP156 The Nuts & Bolts of Rehabbing & Flipping For Profit with Cameron Gaskill

Cameron Gaskill didn't start in Real Estate Investing from a place of wealth or privilege.  He was struggling to make ends meet and living paycheck to paycheck.  When he would tell people he wanted to...

7 Tammi 201944min

EP155 From Apartment Syndication to Purchasing Distressed Mortgages with Adam Adams

EP155 From Apartment Syndication to Purchasing Distressed Mortgages with Adam Adams

My guest today is an experienced buyer of Non-Performing Notes who got his start investing in Multifamily and Syndicating Apartment opportunities.  Adam Adams' first deal was an 11-unit apartment comp...

31 Joulu 201847min

EP154 How He Made and Lost Millions in Real Estate, Market Cycles, and Qualified Retirement Plans V.S. SDIRAs with Damion Lupo

EP154 How He Made and Lost Millions in Real Estate, Market Cycles, and Qualified Retirement Plans V.S. SDIRAs with Damion Lupo

My guest today is a really interesting guy with a lot of great stories to tell.  Damion Lupo has a 5th degree black belt in real estate investing, and he's a financial transformation architect.  You'l...

24 Joulu 201846min

EP153 How He Quit His Job and Built a $65 Million Multifamily Portfolio Buying Off-Market Properties with James Kandasamy

EP153 How He Quit His Job and Built a $65 Million Multifamily Portfolio Buying Off-Market Properties with James Kandasamy

James Kandasamy has built an impressive portfolio of Value-Add Multifamily and Apartment Properties in San Antonio Texas.  He currently controls over 1,000 units worth $65 Million and oversees the man...

17 Joulu 201846min

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