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!

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EP020 Self Directed IRA's, Tale of two 4-Units, Be Aware of 'Alligators' that eat all your Cash Flow with Steve Whitteberry

EP020 Self Directed IRA's, Tale of two 4-Units, Be Aware of 'Alligators' that eat all your Cash Flow with Steve Whitteberry

The Good, The Bad, and The Ugly:  Last week successful investor Steve Whitteberry shared his stories of 'The Bad & The Ugly' with us.  Today we get to discuss 'The Good'. Steve will discuss his use of...

30 Touko 201637min

EP019 Avoiding Bad Investments with Bad People, No Money Down, Value of Land, Helping People in Foreclosure with Steve Whitteberry

EP019 Avoiding Bad Investments with Bad People, No Money Down, Value of Land, Helping People in Foreclosure with Steve Whitteberry

The Good, The Bad, and The Ugly:  Sometimes we come across deals that are too good to be true but we suspend our better judgement because the person selling those deals is so persuasive and says all t...

23 Touko 201623min

EP018 Overcoming Setbacks, What happens when a deal falls through, Private Money and Finding the Funds to do your deals with Keith Littlepage

EP018 Overcoming Setbacks, What happens when a deal falls through, Private Money and Finding the Funds to do your deals with Keith Littlepage

Many experienced investors can share this story: the one about the deal they chased for months or years, spent countless hours and phone calls and emails and money on, invested all their energy and em...

16 Touko 201641min

EP017 Finding and Negotiating Off-Market Deals, Multi-Units and Firing your Management Company with Ken Jenkins

EP017 Finding and Negotiating Off-Market Deals, Multi-Units and Firing your Management Company with Ken Jenkins

Last week Ken Jenkins shared with us how he used direct marketing to find, negotiate and purchase an 8-unit multi-family and duplex in Plymouth, Michigan. Today Ken & I discuss the 20-unit multi-famil...

9 Touko 20161h 16min

EP016 Finding and Negotiating Off-Market Real Estate Deals, Direct Marketing for Multi-Units & Apartments with Ken Jenkins

EP016 Finding and Negotiating Off-Market Real Estate Deals, Direct Marketing for Multi-Units & Apartments with Ken Jenkins

Discovering Off-Market Real Estate opportunities that cash flow and offer great upside potential is like finding the Holy Grail for Real Estate Investors.  Today I talk with someone who's managed to d...

2 Touko 20161h 5min

EP015 Heating & Cooling Systems, Energy saving tips to make you more money with Harvey Hansen from Indoor Climate Solutions

EP015 Heating & Cooling Systems, Energy saving tips to make you more money with Harvey Hansen from Indoor Climate Solutions

Interview with Harvey Hansen from Indoor Climate Solutions.   Every residential rental property has a system for keeping your residents warm in the colder months, and if they're lucky, cold in the war...

25 Huhti 201631min

EP014 Know your 'Why', Buy & Hold and investing in your own backyard with Angela Hovermale

EP014 Know your 'Why', Buy & Hold and investing in your own backyard with Angela Hovermale

Interview with Angela Hovermale from Banner Drywall To be successful as a real estate investor it helps to know and understand your 'why'. Why be an investor in the first place?  Is it just to make m...

18 Huhti 201628min

EP013 Rehab, Buy & Hold, Flipping and Private Money with Patrick Spitzley

EP013 Rehab, Buy & Hold, Flipping and Private Money with Patrick Spitzley

Patrick Spitzley Interview: We've all seen those shows on HGTV where investors buy a house out of foreclosure or auction, fix it up, flip it, and make a killing.  It all looks so sexy glamorous and fu...

11 Huhti 201651min

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