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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EP273 Goal Setting and Mindset Shifting to Achieve 110% with Master Syndicator Whitney Sewell

EP273 Goal Setting and Mindset Shifting to Achieve 110% with Master Syndicator Whitney Sewell

When my guest today sets out to accomplish something, he doesn't just do it halfway. He goes the full 110%. In 2005 while in the Army National Guard he was deployed to Iraq…and was awarded soldier o...

22 Mars 202138min

EP272 Building Skyscrapers in New York and the Modern Wealth Building Formula with Ken Van Liew

EP272 Building Skyscrapers in New York and the Modern Wealth Building Formula with Ken Van Liew

My guest today is one of Manhattan's most successful skyscraper experts and has managed the syndication and development of high-profile real estate investments totaling more than $1.3 billion, includi...

15 Mars 202153min

EP271 Go 100% Remote with Your Real Estate using Systems, Apps, Virtual Assistants, and Boots-On-The-Ground with Jon Huber

EP271 Go 100% Remote with Your Real Estate using Systems, Apps, Virtual Assistants, and Boots-On-The-Ground with Jon Huber

Imagine being able to control your rental property and real estate business from anywhere in the world. My guest today has figured out how to do just that. Jon Huber is a self-proclaimed "techie" who...

8 Mars 202153min

EP270 Syndication and Asset Management Tips & Techniques with Jeff Greenberg

EP270 Syndication and Asset Management Tips & Techniques with Jeff Greenberg

My guest today spent 20 years working as a teacher, 9 years working for various government agencies, and 17 years in Information Technology. But he left all that behind when he began investing in rea...

1 Mars 202146min

EP269 How Laundromats, Hair Salons and Car Washes can Diversify Your Rental Income Streams with Keith Leimbach

EP269 How Laundromats, Hair Salons and Car Washes can Diversify Your Rental Income Streams with Keith Leimbach

My guest today has spent the last few years building and acquiring small businesses and real estate investments to create diversified income streams. He's invested in franchises, hair salons, laundro...

22 Feb 20211h 2min

EP268 How He's Raised over $42 Million from Friends and Family to Invest in Apartments, Hospitality, Office, NNN Lease and Cannabis, with Al Vardya

EP268 How He's Raised over $42 Million from Friends and Family to Invest in Apartments, Hospitality, Office, NNN Lease and Cannabis, with Al Vardya

I'm excited to be talking with a good friend and mentor of mine today about raising equity from investors. Al Vardya successfully exited a 26-year career in the Information Technology Industry and be...

15 Feb 202145min

RPOA Special Announcement:  Virtual Conference Kicks Off Thursday with Economics Professor Paul Isely

RPOA Special Announcement: Virtual Conference Kicks Off Thursday with Economics Professor Paul Isely

The RPOA's annual conference will be held virtually in 2021! Each month beginning this Thursday, February 18th, we'll be bringing you an exciting new main event - national speaker, deal room, breakout...

13 Feb 202114min

EP267 How She Went From Being Homeless to Building a 250–Unit Portfolio and a $14M Development with Terrica Lynn Smith

EP267 How She Went From Being Homeless to Building a 250–Unit Portfolio and a $14M Development with Terrica Lynn Smith

My guest today can best be described as someone who has overcome great odds to achieve incredible things. Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisi...

8 Feb 202139min

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