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)

EP166 Rental Property Maintenance, Contractors, and Dealing with City Inspections with  Amanda Szabo & Tom Harrold

EP166 Rental Property Maintenance, Contractors, and Dealing with City Inspections with Amanda Szabo & Tom Harrold

Hiring Contractors, handling Maintenance issues and dealing with City Inspections are a reality of owning residential rental property.  The level of efficiency and quality employed in handling these i...

18 Mar 201955min

EP165 Making Your Money When You Buy and the Three Rules of Investing in Multifamily with Joseph Gozlan

EP165 Making Your Money When You Buy and the Three Rules of Investing in Multifamily with Joseph Gozlan

Joseph Gozlan is a Multifamily Investment Specialist with a portfolio of over 500 units in strong secondary markets in Texas.  He's also a former lieutenant in the Israeli Defense Force and has over 1...

11 Mar 201953min

EP164 Real Estate Investor Tax Update and Opportunity Zones with Duane Culver

EP164 Real Estate Investor Tax Update and Opportunity Zones with Duane Culver

Last year we saw the passage of the Trump Administration's Tax Cuts and Jobs Act which created opportunities for investors and small business owners to lower the amount of taxes owed.  However, there ...

4 Mar 201933min

EP163 Building Rapport with Sellers, Finding Off-Market Deals, and Impressing Your Investors with Sterling White

EP163 Building Rapport with Sellers, Finding Off-Market Deals, and Impressing Your Investors with Sterling White

My guest today started investing in Real Estate by buying and selling over 100 single family homes before transitioning into multifamily.  Within 3 years he went from owning zero to 300 units across t...

25 Feb 201945min

Special 'Gritty to Pretty' Announcement and Annual Conference Update

Special 'Gritty to Pretty' Announcement and Annual Conference Update

In this quick update, Jeremy Cole and I share an important announcement about two events you don't want to miss: First off, today (Thursday, February 21, 2019) is the first day of the RPOA's Annual FR...

21 Feb 20195min

EP162 Commercial and Multi-Family Investing with Sue Nelson

EP162 Commercial and Multi-Family Investing with Sue Nelson

Sue Nelson has constructed almost every type of creative real estate deal: commercial short sales, loan modifications, options, master leases, JV agreements, and note buys.  You name it, she's done it...

18 Feb 20191h 1min

Special Invitation to the RPOA's FREE Conference & Expo

Special Invitation to the RPOA's FREE Conference & Expo

You've heard us talk about it, and you've listened to the episodes with our featured speakers from all over the country.  Now its time for you to make the commitment to be there at the "Michigan Landl...

14 Feb 201919min

EP161 Increasing Your Rental Cashflow by the Thousands with Jeffrey Taylor, a.k.a. "Mr. Landlord"

EP161 Increasing Your Rental Cashflow by the Thousands with Jeffrey Taylor, a.k.a. "Mr. Landlord"

37 years ago, Jeffrey Taylor and his wife became accidental landlords.  But they had no way of knowing that long ago, that the mistakes they were making and the challenges they were facing, would some...

11 Feb 201934min

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