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)

EP297 Security Deposit Insurance: Is this an option you should offer your residents? With Paarag Sarva

EP297 Security Deposit Insurance: Is this an option you should offer your residents? With Paarag Sarva

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EP295 He Won Emmys, Worked with The Foo Fighters, Retired, and now Invests in Commercial Real Estate - with Joe DiSanto

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My guest today believes that the Best Time to Buy Real Estate was 20 Years ago, but the next best time is NOW. Joe DiSanto built a multi-million-dollar post-production company, produced critically ac...

23 Aug 202141min

EP294 Five Must-Know Steps to Renovating a Multifamily Apartment Property with Ken Gee

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One of the most lucrative ways to invest in real estate is to find an underperforming, tired multifamily property and bring it back to life through better management, renovations, and capital improvem...

16 Aug 202144min

EP293 Prescribing Real Estate to Doctors and other High-Net Worth Passive Investors with Masaki Oishi

EP293 Prescribing Real Estate to Doctors and other High-Net Worth Passive Investors with Masaki Oishi

If you're in the business of syndication and raising money from high-net worth investors, it's good to know where to find your ideal investor. One of the worst-kept secrets is that doctors and dentis...

9 Aug 202124min

EP292 Investing in Real Estate Internationally with Lauren Cohen

EP292 Investing in Real Estate Internationally with Lauren Cohen

Is the United States the best place to invest in Real Estate? What if you want to find opportunities in other countries? Is that even possible? What about investors from other countries who want to ...

2 Aug 202137min

EP291 How to Talk with High-Net Worth Investors to Educate Them on Your Investment Opportunities with Ketan Patel

EP291 How to Talk with High-Net Worth Investors to Educate Them on Your Investment Opportunities with Ketan Patel

When my guest today first moved to the United States, he did not yet know how to speak English. When he received his degree in Pharmacy, he ended up leaving a secure job to become an entrepreneur. A...

26 Jul 202144min

EP290 How Vertical Integration in His Real Estate Business Helped him Create a $15M Portfolio with Cory Nemoto

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My guest today started at the bottom during the Great Recession by knocking doors to find leads for his fix & flip business. Fast-forward to today and he controls and manages over $15 Million in real...

19 Jul 202147min

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