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(591)

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 ...

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EP181 The Pro's & Pitfalls of Mobile Home Park Investing with Kevin Bupp

EP181 The Pro's & Pitfalls of Mobile Home Park Investing with Kevin Bupp

Today we're going to talk about Mobile Home Park Investing with a renowned expert on the subject.  Many of you know Kevin Bupp from his popular podcast "Real Estate Investing For Cashflow".  Kevin is ...

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EP180 Fighting to Save Teardown Homes in Kalamazoo with the stars of HGTV's "Gritty To Pretty", Jeremy Cole & Ramon Huerta

EP180 Fighting to Save Teardown Homes in Kalamazoo with the stars of HGTV's "Gritty To Pretty", Jeremy Cole & Ramon Huerta

One of the bonuses of attending the RPOA's Annual Conference this past February, is that everyone had the opportunity to enjoy a special Q&A session with Jeremy Cole & Ramon Huerta.  If you don't know...

24 Jun 201954min

EP179 Applying Data Science to Markets, Multifamily, and Property Management with Anna Myers

EP179 Applying Data Science to Markets, Multifamily, and Property Management with Anna Myers

Anna Myers acquired her first 500 Multifamily units in 2018, and another 300 units in 2019 (so far).  Today we're going to find out how she's been able to grow her portfolio so quickly through her sys...

17 Jun 201949min

EP178 Avoiding Nightmare Residents through Proper Tenant Screening, with DJ Newman & Grand Slam Investigations

EP178 Avoiding Nightmare Residents through Proper Tenant Screening, with DJ Newman & Grand Slam Investigations

One of the biggest fears landlords and rental property owners have is nightmare residents.  I'm talking about tenants who seem okay at first, but then decide they're not going to pay rent, damage your...

10 Jun 201927min

EP177 How He Builds Confidence, Credibility & Rapport with Sellers while Day-Trading Real Estate with Larry Goins

EP177 How He Builds Confidence, Credibility & Rapport with Sellers while Day-Trading Real Estate with Larry Goins

Larry Goins is a visionary, entrepreneur, real estate investor, and educator.  He's been investing in real estate for over 30 years, and has previously served as the president of the Metrolina Real Es...

3 Jun 201940min

EP176 House Hacking, Property Management, Vacation Rentals, and how she applies her Social Work background to managing her Businesses with Chelsea Roelofs

EP176 House Hacking, Property Management, Vacation Rentals, and how she applies her Social Work background to managing her Businesses with Chelsea Roelofs

Real Estate Investing and Property Management is a People Business, and Chelsea Roelofs was trained early on how important that concept is.  Chelsea has a background in social work that has helped her...

27 Mai 201933min

EP175 Owning & Managing Student Housing Rental Property with Jared Behrens

EP175 Owning & Managing Student Housing Rental Property with Jared Behrens

Owning and Managing Student Housing Rental Property can be very rewarding, but it takes a unique approach and strategies that are different from traditional property management.  If you are considerin...

20 Mai 201955min

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