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)

EP145 How Advice From an Unlikely Mentor Took Him From Bagging Groceries to Retiring in His Thirties with Matt Theriault

EP145 How Advice From an Unlikely Mentor Took Him From Bagging Groceries to Retiring in His Thirties with Matt Theriault

Matt Theriault is a Marine Corps Desert Storm Veteran who built a hugely successful career in the Music Business and then watched it all Disappear seemingly overnight.  Eventually to the point where M...

22 Loka 201845min

EP144 Managing Multifamily in Multiple Markets Remotely with Kenny Wolfe

EP144 Managing Multifamily in Multiple Markets Remotely with Kenny Wolfe

Kenny Wolfe started his Multifamily and Apartment portfolio with a 76-Unit deal, and he's built that up to over 2,400 units in multiple markets.  Kenny also invests in Triple and Double Net Commercial...

15 Loka 201842min

EP143 Best Practices for Keeping Track of Your RE Income & Expenses with Steve Bjorkman from Rental Hero

EP143 Best Practices for Keeping Track of Your RE Income & Expenses with Steve Bjorkman from Rental Hero

If you own and manage rental property, then keeping track of your income and expenses is something you've had to deal with.  And having the right systems and software in place can help you make more m...

8 Loka 201840min

EP142 Starting Small with 16 Units and the Importance of Mentorship with Scott Pollmann

EP142 Starting Small with 16 Units and the Importance of Mentorship with Scott Pollmann

Scott Pollmann read the Purple Book, played the Cash Flow Board Game, paid for the Rich Dad Training, and set off to buy his first Real Estate Investment.  Most people would start with a Single Family...

1 Loka 201840min

EP141 Finding Your Pivot-Point: Transitioning from Investing in SFHs to airbnb Rentals with Chandler Spence

EP141 Finding Your Pivot-Point: Transitioning from Investing in SFHs to airbnb Rentals with Chandler Spence

The "BRRR" strategy works great for many investors.  Buy it, Rehab it, Rent it out, and Refinance (BRRR) can be a great way to build your portfolio and build cash flow.  But sooner or later, many of u...

24 Syys 201851min

EP140 How The Power of Persistence Helped Them Close on a 144-Unit Apartment Building with Justin Richards and Aaron Lenartz

EP140 How The Power of Persistence Helped Them Close on a 144-Unit Apartment Building with Justin Richards and Aaron Lenartz

By the time you listen to this episode, Justin Richards and Aaron Lenartz will have closed on a 144-unit Class C Apartment Building in Memphis Tennessee.  And they'll have raised $1.3 Million from inv...

17 Syys 20181h 21min

EP139 Overcoming The Odds to Become a Wholesale Real Estate Master with Daniel Breslin

EP139 Overcoming The Odds to Become a Wholesale Real Estate Master with Daniel Breslin

Like many of us, Daniel Breslin started investing in real estate after reading "Rich Dad, Poor Dad".  The only difference is that he read it while serving time in prison. Daniel was able to scrape tog...

10 Syys 201850min

EP138 Buy Right, Finance Right, Manage Right:  Creating Wheelbarrow Profits with Gino Barbaro

EP138 Buy Right, Finance Right, Manage Right: Creating Wheelbarrow Profits with Gino Barbaro

Gino Barbaro is an experienced investor in multifamily and apartments with over 900 units under his control, and he's built that portfolio without syndicating through his Refi & Roll strategy. Today G...

3 Syys 201844min

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