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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EP381 Boosting Your Capital Stack with Cashflow-Based Financing with Brittany Mosely and Derrick Barker

EP381 Boosting Your Capital Stack with Cashflow-Based Financing with Brittany Mosely and Derrick Barker

I have two incredible guests with me today to talk about a unique way to raise more equity for your deals without relying on limited partner investors. Brittany Mosely is an Airbnb superhost who has o...

17 Apr 202336min

EP380 Why Elon Musk Believes that the Commercial Real Estate Debt Market is "By Far the Most Serious Looming Issue" & What You Can Do About It with Neal Bawa

EP380 Why Elon Musk Believes that the Commercial Real Estate Debt Market is "By Far the Most Serious Looming Issue" & What You Can Do About It with Neal Bawa

I'm thrilled to have Neal Bawa back on the show today. Neal is a data scientist and technologist who always has his finger on the pulse of the economy and the state of commercial real estate investing...

10 Apr 202337min

EP379 Expert Tips on Self-Storage Development and Management with Charlie Kao

EP379 Expert Tips on Self-Storage Development and Management with Charlie Kao

Charlie Kao is an expert in many aspects of commercial real estate, with a concentration in self-storage acquisitions and development. He's recognized nationally as an expert in self-storage and consu...

3 Apr 202335min

EP378 How Understanding the MATH of Real Estate Will Help You Make More MONEY with Mark Updegraff

EP378 How Understanding the MATH of Real Estate Will Help You Make More MONEY with Mark Updegraff

My guest today has a quantitative and repeatable process for identifying areas that will experience 20 to 30% appreciation over a five-year period. Not only does Mark Updegraff have a background in sc...

27 Mars 202332min

EP377 Inflation, Interest Rates, and Potential Recession: What Can We Expect? With Dr. Paul Isely

EP377 Inflation, Interest Rates, and Potential Recession: What Can We Expect? With Dr. Paul Isely

Anyone paying attention to the economy lately is aware that interest rates are rising, inflation has become a problem, and we may, or may not, be heading into a recession. What does all this mean to u...

20 Mars 202347min

EP376 Where's The Money: Creative Financing Options in a High Interest Rate Environment

EP376 Where's The Money: Creative Financing Options in a High Interest Rate Environment

A year ago, if you wanted to acquire a property there was plenty of money available from lenders at incredibly low interest rates. Just one year later and lenders have pulled back drastically, and int...

13 Mars 202352min

EP375 Should You Invest in Car Washes? With Whitney Elkins-Hutten

EP375 Should You Invest in Car Washes? With Whitney Elkins-Hutten

Are car washes a great investment for cash-flow and appreciation? My guest today would say 'yes'. Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com and a partner in $...

6 Mars 202326min

EP374 Last-Minute Tax Strategies with Amanda Han and Matt MacFarland

EP374 Last-Minute Tax Strategies with Amanda Han and Matt MacFarland

Tax season is upon us, and we thought this would be a good time to discuss the most common and costly tax mistakes that real estate investors make. Here with me today to strategize our taxes is Amanda...

27 Feb 202327min

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