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)

EP289 Can Your Financial Advisor Help You Achieve Financial Freedom? With Chris Miles

EP289 Can Your Financial Advisor Help You Achieve Financial Freedom? With Chris Miles

Have you ever tried talking to your financial advisor about investing in Real Estate? What did they have to say? Did they bring up the risks and performance compared to investing in stocks, mutual f...

12 Jul 202145min

EP288 Mastering Influence and Persuasion Techniques for Real Estate Success with Todd Toback

EP288 Mastering Influence and Persuasion Techniques for Real Estate Success with Todd Toback

The mastery of Influence and Persuasion can be a powerful tool in negotiating with buyers and sellers. Today we're going to discuss techniques that will help you achieve that mastery. My guest today ...

5 Jul 202147min

EP287 Artificial Intelligence, Key Performance Indicators, and the Future of Property Management with JC Castillo

EP287 Artificial Intelligence, Key Performance Indicators, and the Future of Property Management with JC Castillo

I've been looking forward to our conversation with today's guest because he's one of the smartest people I know in the Multifamily and Property Management space. JC Castillo has taken what he learned...

28 Jun 202155min

EP286 Generating Your Retirement Income Through Real Estate Investing with Eric Martel

EP286 Generating Your Retirement Income Through Real Estate Investing with Eric Martel

Today we're going to talk about the future of retirement and how real estate is an often overlooked vehicle for securing your financial future. Increasingly, pensions are being converted to 401(k)s w...

21 Jun 202148min

EP285 What you Need to Know about the Rental Eviction Prevention Program with Gustavo Perez

EP285 What you Need to Know about the Rental Eviction Prevention Program with Gustavo Perez

Today we're going to get hyper-local and discuss the eviction protection program here in Kent County. No matter where you live and own rental property, there are programs like this all over the count...

14 Jun 202132min

EP284 Mobile Home Park Investing Update with Brian Spear

EP284 Mobile Home Park Investing Update with Brian Spear

Mobile Home Park Investing has been a hot asset class over the past five years, and we've certainly talked about it on this show. But what kind of opportunities are really available to investors righ...

7 Jun 202143min

EP283 Master Lease Options, Seller Financing, and other Creative Cash Techniques with Bill Ham

EP283 Master Lease Options, Seller Financing, and other Creative Cash Techniques with Bill Ham

One of the reasons people never pull the trigger to invest in real estate is that they believe they won't qualify for a loan. But what if there were a way to acquire property without ever stepping in...

31 Mai 202154min

EP282 How to Become Financially Free by Holding Forever with Jonathan Barr

EP282 How to Become Financially Free by Holding Forever with Jonathan Barr

My guest today believes that Holding Forever is the best way to become Financially Free. Jonathan Barr grew up in a real estate family and started investing after the Great Recession. He's completed ...

24 Mai 202135min

Populært innen Business og økonomi

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