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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EP318 How to Be Successfully Unemployed Through Real Estate Investing with Dustin Heiner

EP318 How to Be Successfully Unemployed Through Real Estate Investing with Dustin Heiner

According to current economic reports, the Covid-19 pandemic has led to a record number of people leaving their W-2 jobs and many of them don't plan on coming back. Where are these people going? And h...

31 Jan 202248min

Special Annual RPOA Conference Announcement - Tony Youngs

Special Annual RPOA Conference Announcement - Tony Youngs

2022 Michigan Landlord & Real Estate Investor Conference & Expo TONY YOUNGS The "Hidden Market" Thursday, February 24th at 1:10pm Click here to register: https://bit.ly/reiconference22 One of the toug...

27 Jan 20225min

EP317 How to Scale up to an 8-Figure Portfolio Using Government Programs, Credit Cards, and Creative Appraisals with Jhanel Wilson

EP317 How to Scale up to an 8-Figure Portfolio Using Government Programs, Credit Cards, and Creative Appraisals with Jhanel Wilson

My guest today is a full time chemical engineer turned real estate investor. Jhanel Wilson is also the Founder and CEO of The Savvy REI, and today she's going to share her 18 years of hard lessons and...

24 Jan 202235min

EP316 The Sophisticated Value Chain for Sourcing, Asset Managing, and Liquidating Multifamily and Apartment Assets with Omar Khan

EP316 The Sophisticated Value Chain for Sourcing, Asset Managing, and Liquidating Multifamily and Apartment Assets with Omar Khan

My guest today has over 10 years of global investing experience and is the founder of Boardwalk Wealth with over 1,100 units under management and over 2,000 units bought and sold. Omar Khan is respons...

17 Jan 202240min

EP315 How She Leveraged Her Time, Skill Set, and Funding to Grow Her Portfolio From Rehabs & Flips to Multifamily Rentals with Andresa Guidelli

EP315 How She Leveraged Her Time, Skill Set, and Funding to Grow Her Portfolio From Rehabs & Flips to Multifamily Rentals with Andresa Guidelli

My guest today is a skilled developer and asset manager with extensive experience in full gut renovation projects, new construction, and commercial development. She owns a rental portfolio comprised o...

10 Jan 202239min

EP314 Why You Must Have a Personal Financial Statement and Schedule of Real Estate Owned with Paul Winterowd

EP314 Why You Must Have a Personal Financial Statement and Schedule of Real Estate Owned with Paul Winterowd

There are two very important tools that a successful real estate investor must have to grow their portfolio, borrow money from lenders, and keep track of their financial situation. I'm talking about y...

3 Jan 202234min

EP313 Can the Short Sale Process Help You Acquire Profitable Properties? With Nicole Espinosa

EP313 Can the Short Sale Process Help You Acquire Profitable Properties? With Nicole Espinosa

Today we're going to talk about short sales. This is a technique that's used to work with a lender to get them to allow the sale of a property for less than the balance owed. Successfully negotiating ...

27 Dec 202142min

EP312 The Do's and Don'ts of a Successful Rehab Project with Van Sturgeon

EP312 The Do's and Don'ts of a Successful Rehab Project with Van Sturgeon

One of the biggest challenges both new and seasoned investors encounter in rental property investing is completing a successful rehab project. There are many ways a project can go wrong and blow your ...

20 Dec 202135min

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