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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EP198  The Amazing Real Estate Investing Advantage Available to Active Duty Military and Our American Veterans with Eric Upchurch

EP198 The Amazing Real Estate Investing Advantage Available to Active Duty Military and Our American Veterans with Eric Upchurch

For many of our American Active Duty Military and Veterans, investing in Real Estate may seem like a far-off objective, especially if they're deployed overseas or moving from location to location with...

21 Okt 201947min

EP197 Turning Around Dire, Desperate, and Dangerous Properties While Under Extreme Pressure, with "Burn Zones" Author, Jorge P. Newbery

EP197 Turning Around Dire, Desperate, and Dangerous Properties While Under Extreme Pressure, with "Burn Zones" Author, Jorge P. Newbery

One of the Best Books I've read this year is "Burn Zones", by my guest today, Jorge P. Newbery.  In his book, Jorge tells a fascinating and brutally honest story of his rise from newspaper boy to Punk...

14 Okt 20191h

EP196 How Mindset, Salesmanship, and Adding Massive Value Helped him Sell over $150 Million In Real Estate, with Sam Newell

EP196 How Mindset, Salesmanship, and Adding Massive Value Helped him Sell over $150 Million In Real Estate, with Sam Newell

By his own account, Sam Newell grew up poor on the wrong side of the railroad tracks in Salt Lake City, Utah.  Today you're going to find out how he transitioned from his humble early days into a succ...

7 Okt 201943min

EP195 How Technology will Propel Real Estate Investing into the Future with Ryan Wendlandt

EP195 How Technology will Propel Real Estate Investing into the Future with Ryan Wendlandt

Can you believe that the iPhone is only 12 years old?  When you consider all of the advantages and efficiencies that smart phone technology has created for rental property owners, its hard to imagine ...

30 Sep 201940min

EP194 Landlord Revolution: Maximize your Cashflow through Alternate Income Streams of Short Term Rentals & Corporate Housing with Al Williamson

EP194 Landlord Revolution: Maximize your Cashflow through Alternate Income Streams of Short Term Rentals & Corporate Housing with Al Williamson

Is the Landlord profession overdue for a Revolution?  Is the Business Model of covering mortgages and operating costs by charging rent no longer sufficient?  My guest today believes both of those stat...

23 Sep 201955min

EP193 How He's Achieving His Goal of $50,000 Monthly Income with Nick Disney

EP193 How He's Achieving His Goal of $50,000 Monthly Income with Nick Disney

If you had to guess the #1 reason  why many entrepreneurs and real estate investors fail, what would it be?  Lack of money?, Opportunities?, or Bad Timing?  According to my guest today, Lack of Focus ...

16 Sep 201953min

EP192 Surviving Bad Partnerships, Negative Cashflow and Rent Control with Seth Ferguson

EP192 Surviving Bad Partnerships, Negative Cashflow and Rent Control with Seth Ferguson

What do you do when your business partner goes rogue and ends up destroying your entire Real Estate Portfolio?  If you're like my guest today, then you pick yourself back up and commit to building an ...

9 Sep 201951min

EP191 How He's "Crushing It" in Apartments & Commercial Real Estate with Author, Brian Murray

EP191 How He's "Crushing It" in Apartments & Commercial Real Estate with Author, Brian Murray

There are some great books available that can teach you how to invest in Commercial Real Estate, and one of the best of these books was written by today's guest. Brian Murray is the Best-Selling Autho...

2 Sep 201949min

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