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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EP220 Coronavirus: How Will It Affect Your Real Estate Investments with Neal Bawa

EP220 Coronavirus: How Will It Affect Your Real Estate Investments with Neal Bawa

This coronavirus pandemic has changed our society and the way we live in a very short amount of time. Those of us who own investment property can't help but ask: "How bad will it get, what does this ...

23 Mars 202052min

EP219 How will Housing Do in the Next Recession?  Mike VanderWoude's Perspective on the past five recessions, the Corona Virus, and the 4-unit he bought from me.

EP219 How will Housing Do in the Next Recession? Mike VanderWoude's Perspective on the past five recessions, the Corona Virus, and the 4-unit he bought from me.

Are we heading into another recession? If so, how will it affect housing and real estate prices? Mike VanderWoude doesn't have a crystal ball to answer that question, but what he does have is histori...

16 Mars 202046min

EP218 Shooting the Sacred Emotional Support Cow and Fighting Adverse Legislation with RPOA Lobbyist Tabitha Zimny

EP218 Shooting the Sacred Emotional Support Cow and Fighting Adverse Legislation with RPOA Lobbyist Tabitha Zimny

What do you do if you have a 'no pet' policy and your tenant decides that they need an Emotional Support Animal.  What if that animal happens to be a pig, or a goat, or a bat?  Well, as crazy as it so...

9 Mars 202055min

EP217 Adding Massive Value and Taking Massive Action to Exponentially Increase Your Success with Rod Khleif

EP217 Adding Massive Value and Taking Massive Action to Exponentially Increase Your Success with Rod Khleif

My guest today is Rod Khleif, who many of you know through his popular podcast "Lifetime Cashflow through Real Estate Investing", or his bestselling book "How To Create Lifetime Cashflow through Multi...

2 Mars 202049min

EP216  Mitigating Risk Through Self-Storage Investing with Scott Meyers

EP216 Mitigating Risk Through Self-Storage Investing with Scott Meyers

My guest today is the nation's leading Self-Storage Investor and trainer. He has bought, developed, and sold over 4,200 units and over 4 million square feet of commercial and self-storage properties....

24 Feb 202043min

Special Invitation to the RPOA's 2020 Annual Conference

Special Invitation to the RPOA's 2020 Annual Conference

You've heard us talk about it, and you've listened to the episodes with our featured speakers from all over the country.  Now its time for you to make the commitment to be there at the "Michigan Landl...

21 Feb 202015min

EP215 Renovating for Massive Profits & Passive Wealth Building, and Turning Buy & Hold Real Estate into Vacation Rentals, with Robyn Thompson

EP215 Renovating for Massive Profits & Passive Wealth Building, and Turning Buy & Hold Real Estate into Vacation Rentals, with Robyn Thompson

Today I'm thrilled to have the "Queen of Rehab", Robyn Thompson back on the show. Robyn has renovated and sold over 390 properties. She is the nation's leading expert on buying, renovating and sellin...

17 Feb 202048min

EP214  Wholesaling Best Practices, Investor Mistakes, and Economic Outlook with Vena Jones-Cox

EP214 Wholesaling Best Practices, Investor Mistakes, and Economic Outlook with Vena Jones-Cox

My guest today believes that Wholesaling is the simplest, quickest, lowest risk, and lowest hassle way to make money in real estate today. But you have to know the right strategies for finding proper...

10 Feb 202044min

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