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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EP281 Increase Your Rent Income by 3 to 5% with this Overlooked Tenant Amenity, with Jim Monk from CLOZZITS

EP281 Increase Your Rent Income by 3 to 5% with this Overlooked Tenant Amenity, with Jim Monk from CLOZZITS

My guest today has developed a program that is designed to increase rents by 3 to 5% without costing you a huge capital investment. He accomplishes this by optimizing your rental space. Jim Monk is t...

17 Maj 202150min

EP280 Exit Planning, Adjusting Your Expectations in a Hot Market, and The 48-Unit that Everyone Told Her Not to Buy, with Allison Koetsier

EP280 Exit Planning, Adjusting Your Expectations in a Hot Market, and The 48-Unit that Everyone Told Her Not to Buy, with Allison Koetsier

What I admire about today's guest is that she is extremely strategic in her approach to real estate investing, fearless in the type of projects she takes on, and creative in the way she structures her...

10 Maj 202138min

EP279 Adaptive Reuse of Permanently Closed Hotels to Workforce Housing Apartments with Richard Rubin

EP279 Adaptive Reuse of Permanently Closed Hotels to Workforce Housing Apartments with Richard Rubin

When you look at all of the disruption, vacancies, and permanent closures in the office, hospitality, and retail space, it's clear that we need to start thinking differently about Adaptive Reuse of th...

3 Maj 202146min

EP278 The Five Roads To Victory in Real Estate with Joe Evangelisti

EP278 The Five Roads To Victory in Real Estate with Joe Evangelisti

My guest today is a second-generation builder who jumped into Fix and Flips after serving in the U.S. Navy "Seabees" battalion. Since then, he has amassed a real estate empire consisting of single fa...

26 Apr 202146min

EP277 Sophisticated Strategies for Deferring Your Real Estate Profits with Brandon Bruckman

EP277 Sophisticated Strategies for Deferring Your Real Estate Profits with Brandon Bruckman

We've talked about 1031 exchanges on this show before, and today we're going to go into more detail on how real estate investors can use this and other tools to legally defer taxes on profits. Brandon...

19 Apr 202153min

EP276 The Math They Should Be Teaching in School and Non-Performing Notes with The Canadian Note Guy Nathan Turner

EP276 The Math They Should Be Teaching in School and Non-Performing Notes with The Canadian Note Guy Nathan Turner

My guest today is known to the world as "the Canadian Note Guy". After running several businesses including Fix & Flip Real Estate, he discovered notes in 2009 and has since become an industry leader...

12 Apr 202141min

EP275 Teaming Up to Rehab and Restore Downtown Duplexes with Mark Roys and Katie Lovley

EP275 Teaming Up to Rehab and Restore Downtown Duplexes with Mark Roys and Katie Lovley

When you are beginning down the real estate investing path, one of the first things you have to decide is whether you're going to go it alone or bring in a partner. Today we're going to talk with two...

5 Apr 202144min

EP274 Syndicating "Hamilton" and other Broadway Shows with Matt Picheny

EP274 Syndicating "Hamilton" and other Broadway Shows with Matt Picheny

One of the greatest pleasures I've had over the past 10 months while staying home to avoid Coronavirus, is watching the Broadway Hit Hamilton over & over on Disney Plus with my 11-year old daughter. ...

29 Mars 202156min

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