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!

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EP441 Financial Freedom by Spending Just One Hour a Day on Real Estate with Sharad Mehta

EP441 Financial Freedom by Spending Just One Hour a Day on Real Estate with Sharad Mehta

My guest today is a real estate investor with over 700 closed deals under his belt. He primarily invests in single-family homes, and his superpower is being able to manage his entire real estate busin...

10 Juni 202425min

EP440 Zombie Loans Are Back with Shante Duffy

EP440 Zombie Loans Are Back with Shante Duffy

After the housing crash in 2008, millions of struggling homeowners asked for loan modifications with their lenders. Many of these homeowners were relieved to find out that their lender was willing to ...

3 Juni 202441min

EP439 What the Next Ten Years in REI Looks Like with Nic DeAngelo

EP439 What the Next Ten Years in REI Looks Like with Nic DeAngelo

My guest today has two foundational beliefs – Wall Street is broken and real estate is the cure, and economics tells the future. Nic DeAngelo asset manages a $206 million portfolio and fuses economic ...

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EP438 Investing In Boutique Hotels and Resorts with Jeremy Garcia and Alex Jarbo

EP438 Investing In Boutique Hotels and Resorts with Jeremy Garcia and Alex Jarbo

We recorded this exciting panel on boutique hotels and resorts at the recent 2024 Midwest Real Estate Investor Conference. As the host of this podcast, Brian Hamrick doesn't often have the opportunity...

20 Maj 202444min

EP437 Mid-Year Economic Update with Dr. Paul Isely

EP437 Mid-Year Economic Update with Dr. Paul Isely

Everyone is paying close attention to the Federal Reserve and wondering when they will begin lowering interest rates. The lower-than-expected jobs report from two weeks ago certainly got people excit...

13 Maj 202439min

EP436 From Homeless to $100M with Dustin Gutkowski

EP436 From Homeless to $100M with Dustin Gutkowski

My guest today was able to overcome incredible challenges to build a $100 million roofing company, and today he shares his inspirational story. Dustin Gutkowski overcame homelessness at the age of 14 ...

6 Maj 202433min

EP435 Triple Your Rental Income with Student Housing with Ryan Chaw

EP435 Triple Your Rental Income with Student Housing with Ryan Chaw

My guest today became a millionaire at the age of 28 by cracking the code on student housing. Ryan Chaw figured out how to double and triple his rental income with his co-living and student housing in...

29 Apr 202428min

EP434 From $20 in His Pocket to a $35 Million Portfolio With Jason Engelman

EP434 From $20 in His Pocket to a $35 Million Portfolio With Jason Engelman

When it comes to real estate investing, there are two types of investors – those who choose to actively find, fund, and manage their portfolio, and those who prefer to take a more passive role and let...

22 Apr 202429min

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