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)

EP112 Real Estate Investor Tax Update for 2018 with Duane Culver

EP112 Real Estate Investor Tax Update for 2018 with Duane Culver

With the recent passage of the Trump Administration's Tax Cuts and Jobs Act, there have been a lot of questions from real estate investors and rental property owners about how the new tax changes will...

5 Mar 201848min

EP065 UPDATE: Watch 2 Local RPOA Investors Make the Big-time on TV.  "Gritty To Pretty" on DIY Network with Jeremy Cole and Ramon Huerta

EP065 UPDATE: Watch 2 Local RPOA Investors Make the Big-time on TV. "Gritty To Pretty" on DIY Network with Jeremy Cole and Ramon Huerta

This is a Special Re-Broadcast of last year's episode with Jeremy Cole and Ramon Huerta.  You can WATCH THEM This Saturday, March 3rd at 7 p.m. on the show "Gritty To Pretty" on the DIY Network.  HGTV...

2 Mar 20181h 12min

EP111 Raising "Other People's Money" and Top Ten Tips on Successful Syndications with David Toupin

EP111 Raising "Other People's Money" and Top Ten Tips on Successful Syndications with David Toupin

When it comes to raising Other People's Money, syndication is both a science and an art.  There are specific and time-proven ways to do it right, and many ways to do it wrong. Today David Toupin, a De...

26 Feb 20181h 2min

EP109 Become a Lifeonaire: How to Succeed at Real Estate Investing without Giving Up Your Life with Shaun McCloskey

EP109 Become a Lifeonaire: How to Succeed at Real Estate Investing without Giving Up Your Life with Shaun McCloskey

From the outside looking in, Shaun McCloskey was a successful real estate investor and making a ton of money doing short sales and pre-foreclosure investing.  But deep down he know that he was working...

12 Feb 201851min

EP108 Filthy Riches Through Real Estate:  Making Huge Profits from Motivated Sellers with Larry Goins

EP108 Filthy Riches Through Real Estate: Making Huge Profits from Motivated Sellers with Larry Goins

Is it possible to buy a house that no one else wants for $5,000 and then turn that house into a successful money maker? My guest today, Larry Goins, says that not only is that possible, but you can ea...

5 Feb 201838min

EP106 Buying Notes: The Fastest, Easiest, Safest Way to Make Huge Profits in Real Estate with Donna Bauer

EP106 Buying Notes: The Fastest, Easiest, Safest Way to Make Huge Profits in Real Estate with Donna Bauer

Twenty years ago, Donna Bauer was making $1 an hour babysitting as a stay-at-home Mom.  Then she learned about Buying Notes and made over $5,000 on her first deal.  Since then, she's taught over 100,0...

22 Jan 201852min

EP105 Increase Your Wealth Exponentially with Apartments & Multi-Family Properties with National Expert Anthony Chara

EP105 Increase Your Wealth Exponentially with Apartments & Multi-Family Properties with National Expert Anthony Chara

Anytime we talk about Investing in Apartments and Multi-Family on this show, there is always a huge response from our listeners.  So I know you're going to enjoy today's conversation with National Exp...

15 Jan 201857min

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