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)

EP311 What He Learned as an Elite Army Ranger That Propelled His Wholesaling Business to Six-Figures While Maintaining a W-2 Job With Dan Austin

EP311 What He Learned as an Elite Army Ranger That Propelled His Wholesaling Business to Six-Figures While Maintaining a W-2 Job With Dan Austin

My guest today is implementing the skills he learned in the Army as a member of the elite 75th Ranger Regiment to scale his wholesaling business to 6 figures while maintaining his W-2 job. Dan Austin ...

13 Des 202140min

EP310 Understanding and Accessing Private Lending and Capital Markets with Ruben Izgelov

EP310 Understanding and Accessing Private Lending and Capital Markets with Ruben Izgelov

My guest today has over a decade of experience in the real estate industry acquiring, flipping, developing, and financing over $350 million in real estate. After using private money to finance his own...

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EP309 How the "Profit First" System will help you Improve Your Real Estate Finances and Increase Your Efficiency with David Richter

EP309 How the "Profit First" System will help you Improve Your Real Estate Finances and Increase Your Efficiency with David Richter

My guest today has closed over 850 deals over the past 7 years. He's tried many different strategies, and noticed something very strange while he was in the process of building a real estate business...

29 Nov 202146min

EP308 She was a Successful Financial Advisor until she went to a Robert Kiyosaki Seminar that introduced her to Real Estate Investing and Changed Everything - with Edna Keep

EP308 She was a Successful Financial Advisor until she went to a Robert Kiyosaki Seminar that introduced her to Real Estate Investing and Changed Everything - with Edna Keep

My guest today has a very unconventional background and unique path to success. She started as a single mom at the age of 16 living in subsidized housing. Somewhere along the way she became a real e...

22 Nov 202146min

EP307 How They Built Lean, Mean, Sales Systems to Close Hundreds of Wholesale and Rehab Deals with Tiffany and Josh High

EP307 How They Built Lean, Mean, Sales Systems to Close Hundreds of Wholesale and Rehab Deals with Tiffany and Josh High

Tiffany and Josh High are self-made real estate entrepreneurs based in Columbus, Ohio. They've built a business acquiring and transforming residential real estate properties into high performing asse...

15 Nov 202143min

EP306 Three Disruptive Trends that will Drive Real Estate in the Coming Decade, with Neal Bawa

EP306 Three Disruptive Trends that will Drive Real Estate in the Coming Decade, with Neal Bawa

We have some incredibly powerful information to share with you today on disruptive forces and trends that will be dramatically altering the course of real estate investing for the next ten years, and ...

8 Nov 202153min

EP305 Buying and Selling Vacant Land and the Mindset Shifts that Lead to 10X profits with Brent Bowers

EP305 Buying and Selling Vacant Land and the Mindset Shifts that Lead to 10X profits with Brent Bowers

My guest today is an investor and coach with a focus on buying and selling vacant land. Brent Bowers has over 8 years of service in the Army and he's the owner of The Land Sharks, a real estate inves...

1 Nov 202144min

Halloween Rebroadcast: EP252 What Happened after 2 A.M. in this Haunted House? with Reverend Gerald Hunter

Halloween Rebroadcast: EP252 What Happened after 2 A.M. in this Haunted House? with Reverend Gerald Hunter

Spend the Night with me in a Haunted House! Welcome to Part 2 of our Halloween Series on Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates who don't pay rent & can't be evicted. I...

30 Okt 202133min

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