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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EP417 How to Become the CEO of Your Own Wealth Building Company with Scott Royal Smith

EP417 How to Become the CEO of Your Own Wealth Building Company with Scott Royal Smith

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25 Dec 202335min

Special RPOA Year-End Update with Erika Farley

Special RPOA Year-End Update with Erika Farley

Meet our new RPOA Executive Director Erika Farley! In this end-of-the year holiday message, Erika will introduce herself and discuss the RPOA's success in pushing back on several bills at the state an...

21 Dec 20235min

EP416 Navigating Industrial Real Estate: A Conservative Investor's Guide with Joel Friedland

EP416 Navigating Industrial Real Estate: A Conservative Investor's Guide with Joel Friedland

My guest today has over 42 years of experience in industrial real estate, and the lessons he's learned during that period are very timely in today's high-interest rate environment. His experiences esp...

18 Dec 202332min

EP415 How Quality Data Provides Quality Tenant Insights with Vikas Gupta

EP415 How Quality Data Provides Quality Tenant Insights with Vikas Gupta

If you're looking to gain insight into the current state of renting and tenant habits, it helps to have lots of quality data at your disposal. My guest today has access to that type of data through hi...

11 Dec 202332min

EP414 Is Commercial Real Estate Crashing?  With Paul Moore

EP414 Is Commercial Real Estate Crashing? With Paul Moore

We're hearing a lot in the media about impending doom in the commercial real estate market. Should we be bracing ourselves for a repeat of 2008 and 2009? You might have seen Paul Moore's recent Bigger...

4 Dec 202339min

EP413 Buying and Selling Waterfront Property with Tia Lilly

EP413 Buying and Selling Waterfront Property with Tia Lilly

Owning waterfront property is the dream of many real estate investors. But buying and selling waterfront property is very different than your typical real estate transaction. Tia Lilly is the founder...

27 Nov 202336min

EP412 Industrial is the Hidden ATM of Real Estate Investing with Shannon Robnett

EP412 Industrial is the Hidden ATM of Real Estate Investing with Shannon Robnett

One of the hottest real estate asset classes right now is industrial. On the surface, industrial investment sounds great – you have a few tenants who pay their rent, all the bills, and sometimes even...

20 Nov 202326min

EP411 Why We'll Continue to See Higher Rents Across the Country with Eric Garrett

EP411 Why We'll Continue to See Higher Rents Across the Country with Eric Garrett

There's a lot of speculation right now about the state of the real estate market and the outlook for multifamily apartments. Will we see a steep drop in value, or will sales pick back up once interest...

13 Nov 202332min

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