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!

Episoder(590)

EP338 From a Three-Unit House Hack to Three Startup Businesses That Are Transforming a Neighborhood With Jon Frantz

EP338 From a Three-Unit House Hack to Three Startup Businesses That Are Transforming a Neighborhood With Jon Frantz

My guest today is a local real estate investor and entrepreneur. Jon Frantz is not only an expert in business finance and development, capital raising, property management and operations, he's also tr...

20 Jun 202226min

EP337 A Warning for Traditional Property Management and the New Way of Attracting Tenants and Increasing Your Net Operating Income with Daniel Mishin

EP337 A Warning for Traditional Property Management and the New Way of Attracting Tenants and Increasing Your Net Operating Income with Daniel Mishin

I'm always fascinated at how technology and innovation can disrupt the traditional way of doing business—especially in the rental property and real estate investing space. Today's guest started a prop...

13 Jun 202235min

EP336 Discover Your Entrepreneur DNA to Become a More Successful Real Estate Investor with Caroline Yuki

EP336 Discover Your Entrepreneur DNA to Become a More Successful Real Estate Investor with Caroline Yuki

I'm a strong believer that to be a successful real estate investor you also have to embrace your entrepreneur DNA. My guest today understands that belief and has built a career teaching others how to ...

6 Jun 202232min

EP335 Investing in Residential Assisted Living Facilities with Chuck Bongiovanni

EP335 Investing in Residential Assisted Living Facilities with Chuck Bongiovanni

In 2020, the U.S. assisted living facility market was valued at $83 billion, and that value is expected to increase substantially over the next decade. My guest today has a mission to revolutionize th...

30 Mai 202226min

EP334 Rehabbing in Detroit, Selling His Trucks, and Starting a New Business, with Ramond Harris II, Justin Workman, Patrick Spitzley & Stephen Benedict at the RPOA Annual Conference

EP334 Rehabbing in Detroit, Selling His Trucks, and Starting a New Business, with Ramond Harris II, Justin Workman, Patrick Spitzley & Stephen Benedict at the RPOA Annual Conference

It's been 109 episodes and 2 years of a pandemic, but we're finally able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who share...

23 Mai 202253min

EP333 Level One Due Diligence for Buy & Hold and Vacation Rental Investment Property with Masrur Huq

EP333 Level One Due Diligence for Buy & Hold and Vacation Rental Investment Property with Masrur Huq

My guest today loves short-term rentals and a few years ago he set out to create a platform to bring the tools of industry giants to the normal investor. Masrur Huq is the founder of Dynamic.RE, a pro...

16 Mai 202229min

EP332 Conducting Psychological Due Diligence to Find the Hidden Story in Multifamily Investing with Sam Liebman

EP332 Conducting Psychological Due Diligence to Find the Hidden Story in Multifamily Investing with Sam Liebman

Even in these challenging economic times, multifamily real estate continues to perform exceptionally well. Hypergrowth in this investment market has led to intense competition for available properties...

9 Mai 202231min

EP331 Why Billionaires like Bill Gates are Investing in Farmland with Brandon Silveira

EP331 Why Billionaires like Bill Gates are Investing in Farmland with Brandon Silveira

One of the truths we rely on as residential real estate investors is that everyone needs a place to live. A similar, yet even more powerful truth can be claimed about the investing strategy that we'll...

2 Mai 202220min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
tid-er-penger-en-podcast-med-peter-warren
finansredaksjonen
pengepodden-2
utbytte
liberal-halvtime
rss-markedspuls-2
pengesnakk
livet-pa-veien-med-jan-erik-larssen
rss-pa-konto
morgenkaffen-med-finansavisen
lederpodden
rss-politisk-preik
stormkast-med-valebrokk-stordalen
rss-investering-gjort-enkelt