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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EP266 Investing in Notes and Helping Homeowners Stay In Their Homes During a Pandemic with Martin Saenz

EP266 Investing in Notes and Helping Homeowners Stay In Their Homes During a Pandemic with Martin Saenz

According to the Mortgage Bankers Association, the delinquency rate for mortgage loans on one to four-unit residential properties has reached the highest level since 2010, when we were deep into the g...

1 Feb 202138min

EP265 His First Syndication and How He Went From a Duplex to a 76-Unit Apartment Complex with Lee Fjord

EP265 His First Syndication and How He Went From a Duplex to a 76-Unit Apartment Complex with Lee Fjord

My guest today just completed his first syndication on a 76-unit apartment complex in St. Louis, Missouri, right in the midst of the Covid pandemic. Lee Fjord got his start in property management and ...

25 Jan 202150min

EP264 How He's Building Legacy Wealth Investing In Alaska Real Estate with Joe Bell

EP264 How He's Building Legacy Wealth Investing In Alaska Real Estate with Joe Bell

What does it mean to build Legacy Wealth in real estate investing? Many of us are doing deals, making our offers, rehabbing and flipping our properties, and trying to make a profit. But when we look...

18 Jan 202146min

EP263 Legal, Title, and Property Challenges In Real Estate Investing and How To Fix Them, with Dickie Baldwin

EP263 Legal, Title, and Property Challenges In Real Estate Investing and How To Fix Them, with Dickie Baldwin

Real Estate Investing can present many challenges that both new and seasoned investors find difficult to overcome. If you're investing out-of-state, it might be difficult to get a broker price opinio...

11 Jan 202147min

EP262 How to Create your Own 'Hidden' Opportunities by Using Publicly Available Records and Data with Sean O'Toole

EP262 How to Create your Own 'Hidden' Opportunities by Using Publicly Available Records and Data with Sean O'Toole

When it comes to successful real estate investing, having access to reliable and accurate data can have a huge impact on your profit potential. Technology has brought us to a point where there's an a...

4 Jan 202145min

EP261 How He Created 72 Streams of Multiple Income with Bryan Miller

EP261 How He Created 72 Streams of Multiple Income with Bryan Miller

My guest today could be called 'prolific' in many different ways. First of all, he's an accomplished Film Composer in Los Angeles who has created music for many popular movies and tv shows. He's als...

28 Dec 202046min

EP260 Taking Calculated Risks in Commercial Real Estate during the Coronavirus Pandemic with Johnny Merritt

EP260 Taking Calculated Risks in Commercial Real Estate during the Coronavirus Pandemic with Johnny Merritt

Many businesses are struggling to stay afloat during this Covid-19 pandemic, and Commercial real estate is no exception. So how can real estate investors and professionals stay ahead of the curve, an...

21 Dec 202040min

EP259 Success Tips on Short Sales and Pre-Foreclosure Investing with Dwan Bent-Twyford

EP259 Success Tips on Short Sales and Pre-Foreclosure Investing with Dwan Bent-Twyford

During the Great Recession there was a lot of opportunity for those who knew how to invest in short sales and foreclosure properties. As the economy improved over the past 10 years, these strategies ...

14 Dec 202055min

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