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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EP346 Blockchain and Smart Real Estate Contracts with Megan Templeton

EP346 Blockchain and Smart Real Estate Contracts with Megan Templeton

As digital technology advances and we see more and more automation and systematizing of every aspect of the real estate transaction process, it's not too hard to imagine the disruption blockchain tech...

15 Aug 202220min

EP345 The Future of Senior Living with Isabelle Guarino-Smith

EP345 The Future of Senior Living with Isabelle Guarino-Smith

My guest today is one of the top experts and influencers in senior housing. During the pandemic senior housing took a real hit as facilities across the country were perceived as super-spreader locatio...

8 Aug 202230min

EP344 How to 15x Your Returns Through Luxury Short-Term Vacation Rentals With Rachel Gainsbrugh

EP344 How to 15x Your Returns Through Luxury Short-Term Vacation Rentals With Rachel Gainsbrugh

My guest today was born in Haiti, raised in Miami, and educated to be a doctor. But when she was faced with over $500,000 in student loans, she figured out a way to not only invest in real estate but ...

1 Aug 202234min

EP343 Six Ways to Create Opportunity in Real Estate Investing with Ashton & Chris Levarek

EP343 Six Ways to Create Opportunity in Real Estate Investing with Ashton & Chris Levarek

My guests today know quite a bit about creating opportunity in real estate investing. Chris and Ashton Levarek are brothers who started Valkere Investment Group to invest in multifamily real estate. A...

25 Juli 202229min

EP342 How to Become a Nomadic Investor - Traveling the World While Investing in Real Estate with Michael Albaum

EP342 How to Become a Nomadic Investor - Traveling the World While Investing in Real Estate with Michael Albaum

Many, if not most of us, have had to adjust to working remotely over the past two years. How many of us have been able to invest remotely as well? My guest today, Michael Albaum, recently left his 9 t...

18 Juli 202230min

EP341 Mobile Home Park Investing and an Engineer's Unique Perspective on Success and Opportunity in This Space with Charlotte Dunford

EP341 Mobile Home Park Investing and an Engineer's Unique Perspective on Success and Opportunity in This Space with Charlotte Dunford

Mobile home parks have become a very desirable asset class for investors. My guest today currently owns 28 parks and has created over a half-million in asset value over the past year. Charlotte Dunfor...

11 Juli 202229min

EP340 Can You Build a Home in 3-5 Days? How Technology is Driving the Future of Home Construction with Garrett Moore

EP340 Can You Build a Home in 3-5 Days? How Technology is Driving the Future of Home Construction with Garrett Moore

The way we build homes hasn't changed in over a century. And with an unprecedented demand for new housing across the country, we can't build fast enough. My guest today has built a business that lever...

4 Juli 202235min

EP339 RPOA Alternative Short-Term Rental Strategies Expert Panel with Robyn Thompson, Barb Bookout and Jeremy Garcia

EP339 RPOA Alternative Short-Term Rental Strategies Expert Panel with Robyn Thompson, Barb Bookout and Jeremy Garcia

Hello and welcome to the RPOA Alternative Strategies in Short-Term Rentals Expert Panel. This is the panel that goes beyond your typical short-term vacation rentals and dives into alternative and lucr...

27 Juni 202249min

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