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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EP322 How He Left College to Invest in Multifamily and Acquired 350 Units in 2 Years with Brad Simtob

EP322 How He Left College to Invest in Multifamily and Acquired 350 Units in 2 Years with Brad Simtob

My guest today left college to invest in apartments when he was 19 years old, and he's built a portfolio of 350 multifamily units with a team of 25 employees in the Lansing and West Michigan area. And...

28 Feb 202232min

EP321 Commercial Loans - How to Prepare For and Acquire the Best Terms with John Matheson

EP321 Commercial Loans - How to Prepare For and Acquire the Best Terms with John Matheson

Today we're going to discuss the commercial loan process and how you can best present yourself and your transaction to a commercial lender in the most impactful and successful way. Over the past 30 ye...

21 Feb 202243min

Special RPOA Annual Conference Announcement - Anthony Chara

Special RPOA Annual Conference Announcement - Anthony Chara

2022 Michigan Landlord & Real Estate Investor Conference & Expo ​ANTHONY CHARA Increase Your Wealth Exponentially with Multifamily Properties Friday, February 25th at 3:20pm​ Click here to register: h...

17 Feb 20225min

Special Annual RPOA Conference Announcement - Robyn Thompson

Special Annual RPOA Conference Announcement - Robyn Thompson

2022 Michigan Landlord & Real Estate Investor Conference & Expo ROBYN THOMPSON Rehabbing Houses Creates Big Paydays | Thursday, February 24th at 3:30pm AND Building Massive Wealth with Vacation Rental...

15 Feb 20225min

EP320 Utilizing Real Estate Specific Virtual Assistants to Scale Your Business with Max Fisch

EP320 Utilizing Real Estate Specific Virtual Assistants to Scale Your Business with Max Fisch

My guest today is a wholesaler and flipper who has figured out a system that allows him to complete up to 35 wholesale transactions a year with an average deal size of $500,000 each. Max Fisch has com...

14 Feb 202235min

Special RPOA Annual Conference Announcement - THIS MONTH!

Special RPOA Annual Conference Announcement - THIS MONTH!

Clay Powell, the Director of the RPOA, is here to get us pumped up for The Largest Landlord & Real Estate Investor Conference in Michigan! Join us for a two day in-person event at DeVos Place in the h...

10 Feb 202212min

EP319 Scaling a Multifamily Rental Portfolio to $60 Million, Syndication, and Raising Private Money with Confidence with Liz Faircloth

EP319 Scaling a Multifamily Rental Portfolio to $60 Million, Syndication, and Raising Private Money with Confidence with Liz Faircloth

Today's guest has learned many lessons while scaling her rental portfolio to $60 million dollars. She's also going to talk about syndication and raising private money with confidence. Liz Faircloth co...

7 Feb 202242min

Special RPOA Annual Conference Announcement - Nick Sidoti

Special RPOA Annual Conference Announcement - Nick Sidoti

2022 Michigan Landlord & Real Estate Investor Conference & Expo NICK SIDOTI Three Times the Market Rent With Special Needs Housing Thursday, February 24th at 10:10am Click here to register: https://bi...

3 Feb 20224min

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