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)

EP152 A Roller Coaster Ride through the Great Recession, Cutting Your Losses, and Investing in Discounted Mortgages with Kyle Zimpleman

EP152 A Roller Coaster Ride through the Great Recession, Cutting Your Losses, and Investing in Discounted Mortgages with Kyle Zimpleman

Kyle Zimpleman has a really great story to tell about his roller-coaster ride through the Great Recession - how he began investing in single & multifamily properties, why he got rid of them too soon, ...

10 Des 201855min

EP151 Investing in Out-Of-State Multifamily, Mastering Meetup Groups, and Miracle Mornings with Powell Chee

EP151 Investing in Out-Of-State Multifamily, Mastering Meetup Groups, and Miracle Mornings with Powell Chee

Powell Chee bought his first Single Family Rental in Kansas City by using his Credit Cards to pay All Cash.  His next purchase was a 40-Unit Multi-Family in Indianapolis, and Powell has been asset man...

3 Des 20181h 6min

EP150 Managing Risk & Adding Value With Your Rental Property Insurance with Mike Murphy

EP150 Managing Risk & Adding Value With Your Rental Property Insurance with Mike Murphy

Today we're going to talk about an item that every Rental Property Owner has, but many of us don't think about or understand until something Bad Happens.  I'm talking about Your Rental Property Insura...

26 Nov 201836min

EP149 Breaking Up with Your Property Management Company and Going It Alone with Ben Blake

EP149 Breaking Up with Your Property Management Company and Going It Alone with Ben Blake

Quite often real estate investors start out by managing their own properties and once they acquire a certain number of units they decide to hire a Third-Party Professional Property Management Company ...

19 Nov 201843min

EP148 Providing and Profiting From Residential Assisted Living with Gene Guarino

EP148 Providing and Profiting From Residential Assisted Living with Gene Guarino

Sooner or Later, every one of us will be faced with the challenges of providing safe and comfortable housing for our aging population.  Whether you're looking for a housing solution for yourself or a ...

12 Nov 201847min

EP147 Short Term Rentals and Airbnbs: The Details Make The Difference with Frederick Kidd

EP147 Short Term Rentals and Airbnbs: The Details Make The Difference with Frederick Kidd

Many Savvy Real Estate Investors are making a lot of money by renting out their property as short term rentals through sites like Airbnb.com.  Some are getting 3 to 4 times what they would be making f...

5 Nov 20181h 2min

EP146 URGENT - Please Wire $3,470 IMMEDIATELY!...and other tales of Cyber Fraud with Tom Cronkright

EP146 URGENT - Please Wire $3,470 IMMEDIATELY!...and other tales of Cyber Fraud with Tom Cronkright

On the morning of August 6th an associate of mine received an email from me requesting that he wire a vendor payment of $3,470.  Because of our relationship, it was not unusual that I would make this ...

29 Okt 201845min

EP094 When Your Rental Property is Haunted: Real-Life Ghost Stories RE-BROADCAST

EP094 When Your Rental Property is Haunted: Real-Life Ghost Stories RE-BROADCAST

This is one of my All-Time Favorite Episodes, and since Halloween is coming up I wanted to Scare our listeners one more time. My apologies to "This American Life" - who's format I shamelessly ripped o...

26 Okt 201826min

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