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)

EP137 The Number One Thing to Consider Before You Quit Your Job:  Real Estate Investor Health Care Options with Chad Creasey

EP137 The Number One Thing to Consider Before You Quit Your Job: Real Estate Investor Health Care Options with Chad Creasey

Five years ago I transitioned from being a full-time employee investing in Real Estate on the side, to being a full-time Real Estate Investor and Syndicator.  My greatest consideration before doing so...

27 Elo 201835min

EP136  Returning Citizens: Renting to Tenants who have been Recently Incarcerated

EP136 Returning Citizens: Renting to Tenants who have been Recently Incarcerated

In today's tight housing market, landlords can be much more selective in who they rent their properties to.  Because of this, there are certain groups of tenants that are finding it more and more diff...

20 Elo 201848min

EP135 Investing in Lower Income Properties through a Health Savings Account or SDIRA with Dan Essink

EP135 Investing in Lower Income Properties through a Health Savings Account or SDIRA with Dan Essink

Despite the higher turnover and maintenance costs, as well as the additional tenant headaches, investing in C & D rental properties can be more lucrative if you have a plan and know what you're doing....

13 Elo 201851min

EP134 We Help a Listener Decide What To Do with Her Vacant Land, with Maureen Weick and Justin Workman

EP134 We Help a Listener Decide What To Do with Her Vacant Land, with Maureen Weick and Justin Workman

Recently I received the following email from RPOA member and podcast listener Maureen Weick: I have 1.5 acres of vacant land in northern Allegan County. I have been trying to decide what to do with it...

6 Elo 201844min

EP133 How to Make Huge ROIs Investing in Raw Land with Mark Podolsky

EP133 How to Make Huge ROIs Investing in Raw Land with Mark Podolsky

Mark Podolsky began investing in Raw Land with only $3,000.  Seventeen years later, he's completed over 5,200 land deals with an average Return-on-Investment of 300%.  Today Mark is going to share his...

30 Heinä 201841min

EP132 What Should I Do?  Listener Questions with Mark Troy

EP132 What Should I Do? Listener Questions with Mark Troy

As the host of this podcast, I enjoy getting questions from our listeners.  As a member of the RPOA, I love having experts on hand to help me answer those questions.  Today Mark Troy joins me to answe...

23 Heinä 201832min

EP131 Should We Ban the Rental Application Fee?  Government Advocacy with Clay Powell

EP131 Should We Ban the Rental Application Fee? Government Advocacy with Clay Powell

Should Rental Application Fees be Banned?  Today we're going to discuss an issue that's happening right here in Grand Rapids, but it affects landlords and rental property owners everywhere.  It has to...

16 Heinä 201853min

EP130 Navigating Foreclosure, Distressed, and Bank-Owned Properties with Casey O'Neill from Auction.com

EP130 Navigating Foreclosure, Distressed, and Bank-Owned Properties with Casey O'Neill from Auction.com

In today's tight real estate market its very difficult for investors and home buyers to find good investment deals.  Believe it or not, there are still plenty of opportunities in Distressed, Foreclosu...

9 Heinä 201844min

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