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)

EP190 Recession Resistant Assets:  Multifamily V.S. Self Storage & Mobile Home Parks, with Paul Moore

EP190 Recession Resistant Assets: Multifamily V.S. Self Storage & Mobile Home Parks, with Paul Moore

Today we're going to compare the Pro's & Con's of investing in Multifamily & Apartments V.S. two other commercial asset classes: Self Storage & Mobile Home Parks.  Which is harder to acquire in today'...

26 Aug 201943min

EP189 How He Left His Job to Become a Wholesaler, Flipper, & Rehabber in Detroit with Todd Chunn

EP189 How He Left His Job to Become a Wholesaler, Flipper, & Rehabber in Detroit with Todd Chunn

When people ask me about investing in Detroit, my stock response is that there are a lot of great opportunities, but you really need to work with someone who understands the neighborhoods and where to...

19 Aug 20191h 4min

EP188 Making Money off of Obsolete Buildings by Turning them Into Climate Controlled Self-Storage with Scott Krone

EP188 Making Money off of Obsolete Buildings by Turning them Into Climate Controlled Self-Storage with Scott Krone

Today we're going to talk about Adaptive Re-use of Commercial Space and how it can be turned into an Asset Class that is Very Attractive & Extremely Profitable. My guest is Scott Krone, the managing p...

12 Aug 201948min

EP186 Rehabber and Buy & Hold Investor Frank Maratta has some questions for Brian & Justin Workman

EP186 Rehabber and Buy & Hold Investor Frank Maratta has some questions for Brian & Justin Workman

My guest today is Frank Maratta, a listener & fan of the show who contacted me with some great questions.  So I thought I'd have him on the show to answer them with the help of Justin Workman, another...

5 Aug 20191h 7min

EP185 Choosing Your Partners, Presenting Your Deals, and the Fiduciary Responsibility You Have to Your Investors with Jonathan Twombly

EP185 Choosing Your Partners, Presenting Your Deals, and the Fiduciary Responsibility You Have to Your Investors with Jonathan Twombly

Jonathan Twombly spent 12 years as a corporate attorney for some of the most prestigious law firms in New York, Boston, and London, before switching tracks and becoming a full-time real estate investo...

29 Jul 20191h 1min

EP184 Raising Money from the Ultra-Wealthy and How To Pitch Your Opportunity to a Centimillionaire with Richard Wilson

EP184 Raising Money from the Ultra-Wealthy and How To Pitch Your Opportunity to a Centimillionaire with Richard Wilson

Today we're going to talk about Raising Capital from a source that we typically don't consider when putting together the equity for our investment opportunities.  We've discussed syndication and raisi...

22 Jul 201954min

EP183 The Teacher who Transitioned into Multifamily and raised over $10 Million from Private Investors with Todd Dexheimer

EP183 The Teacher who Transitioned into Multifamily and raised over $10 Million from Private Investors with Todd Dexheimer

Todd Dexheimer is a former teacher who has been investing in real estate since 2008.  He's accomplished over 200 flips and currently controls over $15 million in Apartments and Multifamily.  Today, To...

15 Jul 201948min

EP182 New Construction & How to be a Residential & Commercial Real Estate Developer and Real Estate Strategist with Bradley Hartwell

EP182 New Construction & How to be a Residential & Commercial Real Estate Developer and Real Estate Strategist with Bradley Hartwell

Today we're going to talk about New Construction & what it takes to be a Real Estate Developer.  A lot of people think this is an exciting and rewarding career - but is it? My guest today is going to ...

8 Jul 201955min

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