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)

Halloween Rebroadcast: EP251 Haunted Houses, Paranormal Activity, and the Roommates Who Don't Pay Rent and Can't Be Evicted with Reverend Gerald Hunter

Halloween Rebroadcast: EP251 Haunted Houses, Paranormal Activity, and the Roommates Who Don't Pay Rent and Can't Be Evicted with Reverend Gerald Hunter

Welcome to our Special Halloween Edition with hair-raising stories about Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates Who Don't Pay Rent, and Can't Be Evicted. We did somethi...

28 Okt 202153min

EP304 How She's Achieved a Life By Design through Niche Strategies like "Build-to-Rent" and "Supported Living", with Jennifer Beadles

EP304 How She's Achieved a Life By Design through Niche Strategies like "Build-to-Rent" and "Supported Living", with Jennifer Beadles

My guest today is passionate about helping families build wealth and passive income streams through real estate investing and living a life by design. Jennifer Beadles is an investor and investment-fo...

25 Okt 202146min

EP303 Navigating Difficult Properties and Challenging Real Estate Markets while Investing in Working Class Communities with Yusef Alexander

EP303 Navigating Difficult Properties and Challenging Real Estate Markets while Investing in Working Class Communities with Yusef Alexander

Today we're going to talk with an investor who got his start right out of college investing in challenging properties in difficult neighborhoods. He lost time and money on his first several deals, bu...

18 Okt 202138min

EP302 Development Strategies for Affordable Housing and Market-Rate Luxury Condos with Nick Earls & Eric DiNicola

EP302 Development Strategies for Affordable Housing and Market-Rate Luxury Condos with Nick Earls & Eric DiNicola

Today we're going to take a look at the Affordable Housing Crisis in the U.S. and how this will become increasingly important to renters and rental property owners in the coming years. Construction a...

11 Okt 202156min

EP301 Investing in Fun: Hotels, Campgrounds, Amusement Parks and Chicken Wings with Jeff Gebhart

EP301 Investing in Fun: Hotels, Campgrounds, Amusement Parks and Chicken Wings with Jeff Gebhart

We're going to talk about some fun alternative asset classes today that will expand your thinking about what really constitutes rental property. My guest today started his career in sports medicine an...

4 Okt 202156min

EP300 Special 300th Episode!  Their Journey to Passive Income - From Flipping and Rehabbing to Multifamily and Airbnb Rentals with Jeremy and Melanie Garcia.

EP300 Special 300th Episode! Their Journey to Passive Income - From Flipping and Rehabbing to Multifamily and Airbnb Rentals with Jeremy and Melanie Garcia.

Hello and welcome to episode #300! This is a big number for us here on the Rental Property Owner and Real Estate Investor Show, and I want to thank all of you for being such an incredible and recepti...

27 Sep 202142min

EP299 What You Need to Know about Generation Z Rental Trends and Coliving Housing with Johnny Wolff

EP299 What You Need to Know about Generation Z Rental Trends and Coliving Housing with Johnny Wolff

Today we're going to talk about one of my favorite topics – demographics. Specifically, how Generation Z is going to amplify the trends that millennials have already established, such as delaying mar...

20 Sep 202137min

EP298 How His Painful Real Estate Experiences Boosted His Street Smart Success, with Roger Becker

EP298 How His Painful Real Estate Experiences Boosted His Street Smart Success, with Roger Becker

My guest today is a successful entrepreneur and real estate investor who hosts the excellent podcast called "Street Smart Success". Roger Becker is also a great guy and is not afraid to share the ups ...

13 Sep 202151min

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