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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EP258 How He Went from Zero to 400 Units by Converting Owners into Sellers, with Sterling White

EP258 How He Went from Zero to 400 Units by Converting Owners into Sellers, with Sterling White

What does it take to find off-market deals and convert the owners of these properties into sellers? My guest today is going to help answer that question. Sterling White is a multifamily investor who ...

7 Dec 202044min

EP257 Is the Housing Boom About to Go Bust, or is it Just Getting Started?  With Bob Fraser

EP257 Is the Housing Boom About to Go Bust, or is it Just Getting Started? With Bob Fraser

Housing values have been rising steadily since the Great Recession, and many people, like myself, have been watching from the sidelines while investors and homeowners pay prices we wouldn't have dream...

30 Nov 202050min

EP256 How To Pay Full Asking Price and Still Make a Huge Profit by Understanding Seller Psychology with Eddie Speed

EP256 How To Pay Full Asking Price and Still Make a Huge Profit by Understanding Seller Psychology with Eddie Speed

Anyone who has spent time researching notes and seller financing is going to be familiar with today's guest. Over the past 40 years he has purchased more than 40,000 notes and his NoteSchool executiv...

23 Nov 202050min

EP255 Discover Her Blueprint for Short-Term Rental Success, with Avery Carl

EP255 Discover Her Blueprint for Short-Term Rental Success, with Avery Carl

My guest today played goalkeeper for a Big 12 Championship-winning women's soccer team, spent years touring the world as the lead guitar player in a punk rock band, and became a millionaire by the age...

16 Nov 202035min

EP254 Getting into the GUTS of Rental Property: Electrical & Plumbing, Septic Systems, and Investing in Problem Properties with Mike Bonadies

EP254 Getting into the GUTS of Rental Property: Electrical & Plumbing, Septic Systems, and Investing in Problem Properties with Mike Bonadies

Today we're going to talk about the dirty and gritty side of investing in real estate and the unglamorous aspects that most rental owners have to deal with, such as septic clean ups, eviction clean-ou...

9 Nov 20201h

EP253 Shifting Your Property Manager Mindset to Reduce Stress and Earn More Money with Gary Spencer-Smith

EP253 Shifting Your Property Manager Mindset to Reduce Stress and Earn More Money with Gary Spencer-Smith

One of the reasons people are reluctant to start investing in real estate is that they don't want to deal with tenants, toilets & trash. And anyone who manages residential real estate will tell you t...

2 Nov 202057min

EP252 What Happened after 2 A.M. in this Haunted House? with Reverend Gerald Hunter

EP252 What Happened after 2 A.M. in this Haunted House? with Reverend Gerald Hunter

Spend the Night with me in a Haunted House! Welcome to Part 2 of our Halloween Series on Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates who don't pay rent & can't be evicted. I...

29 Okt 202033min

EP251 Haunted Houses, Paranormal Activity, and the Roommates Who Don't Pay Rent and Can't Be Evicted with Reverend Gerald Hunter

EP251 Haunted Houses, Paranormal Activity, and the Roommates Who Don't Pay Rent and Can't Be Evicted with Reverend Gerald Hunter

Welcome to our Special Halloween Edition with all new stories about Haunted Houses, Apparitions, Paranormal Experiences, and the Roommates Who Don't Pay Rent, and Can't Be Evicted. We did something si...

26 Okt 202053min

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