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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EP361 How Small-Scale Development Can Create Large-Scale Solutions to Affordable Housing with Michele Williams

EP361 How Small-Scale Development Can Create Large-Scale Solutions to Affordable Housing with Michele Williams

Today we're going to discuss affordable housing and how to create more of it. Over 10% of the U.S. population lives in poverty and struggles to afford necessities such as housing. Over the past decade...

28 Nov 202231min

EP360 How to 3X Your BRRRR Returns By Implementing a Co-Living Strategy with Brian Grimes

EP360 How to 3X Your BRRRR Returns By Implementing a Co-Living Strategy with Brian Grimes

My guest today has a prestigious Ivy League education and high net worth asset management background with Bridgewater Advisors. But in 2015 he left all that behind to launch his own real estate develo...

21 Nov 202232min

EP359 Looking Back on 25 Years of Leading the Rental Property Owners Association with Clay Powell

EP359 Looking Back on 25 Years of Leading the Rental Property Owners Association with Clay Powell

For almost 25 years, Clay Powell has provided a steady guiding hand as Director of the Rental Property Owners Association. He has led what was, in the beginning, a local mom and pop association to bec...

14 Nov 202237min

EP358 Zen and the Art of Being a Mindful Landlord with Terrie Schauer

EP358 Zen and the Art of Being a Mindful Landlord with Terrie Schauer

For those of you who manage your own properties, it doesn't take long to realize that you need to have a very determined and focused mindset to be successful in working with tenants and managing your ...

7 Nov 202229min

EP357 How He Works Directly With Sellers to Come Up With Creative Deal Structure & Financing Strategies With Derek Dombeck

EP357 How He Works Directly With Sellers to Come Up With Creative Deal Structure & Financing Strategies With Derek Dombeck

For the past 20 years my guest has been mastering negotiation techniques both on the phone and at the kitchen table. Creative deal structuring, including options, subject to purchases, lease options a...

31 Okt 202234min

EP356 Why This Finance Cowboy Ignored Dave Ramsay's Advice About Real Estate Loans With JD Sustar

EP356 Why This Finance Cowboy Ignored Dave Ramsay's Advice About Real Estate Loans With JD Sustar

In the past three years, my guest today has acquired 22 rental properties including 13 single family homes, 7 mobile homes, and 2 short term rentals. JD Sustar has also built his brand through social...

24 Okt 202230min

EP355 Starting Over in a New Market and Positioning Yourself for a Downturn With Sterling White

EP355 Starting Over in a New Market and Positioning Yourself for a Downturn With Sterling White

My friend Sterling White is back on the show today. Sterling is an expert at finding off-market multifamily deals and has shared some very funny and interesting stories on previous episodes (#163 & #2...

17 Okt 202224min

EP354 Bold Predictions on How Supply-Chain Challenges Will Affect Real Estate Investing and Material Prices With Jeff Davis

EP354 Bold Predictions on How Supply-Chain Challenges Will Affect Real Estate Investing and Material Prices With Jeff Davis

If you've been paying attention to the news and the economy, then you know that one of the causes of our high inflation rate has to do with supply chain and global logistic challenges. But what does t...

10 Okt 202228min

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