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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EP105 Increase Your Wealth Exponentially with Apartments & Multi-Family Properties with National Expert Anthony Chara

EP105 Increase Your Wealth Exponentially with Apartments & Multi-Family Properties with National Expert Anthony Chara

Anytime we talk about Investing in Apartments and Multi-Family on this show, there is always a huge response from our listeners.  So I know you're going to enjoy today's conversation with National Exp...

15 Jan 201857min

EP103 **UPDATE** Transitioning from a Corporate Job to Full-On Real Estate Investing, Embracing BRRRR, Avoiding Corndogs, Renting to Prostitutes, and watching your property go up in flames with Paul Leason and Jacques Cyr

EP103 **UPDATE** Transitioning from a Corporate Job to Full-On Real Estate Investing, Embracing BRRRR, Avoiding Corndogs, Renting to Prostitutes, and watching your property go up in flames with Paul Leason and Jacques Cyr

** My apologies to Jacques and Paul.  When I uploaded their episode there was a technical issue that only allowed the first 20 minutes to be heard.  Now that the issue has been fixed, you can enjoy th...

11 Jan 201855min

EP104 Automating Your Real Estate Investing to Increase Deal Flow, Find Private Money, and Move into New Markets with Brittany Calloway

EP104 Automating Your Real Estate Investing to Increase Deal Flow, Find Private Money, and Move into New Markets with Brittany Calloway

Many Successful Real Estate Investors tend to have one thing in common; They've developed systems and processes that have exponentially increased their deal flow and ability to get deals done. Today w...

8 Jan 201837min

EP102 How Savvy Real Estate Investors use Self-Directed IRA's to increase the Value of their Retirement Plan with Edwin Kelly

EP102 How Savvy Real Estate Investors use Self-Directed IRA's to increase the Value of their Retirement Plan with Edwin Kelly

Many Real Estate Investors have heard that they can save big money on taxes and increase the value of their retirement funds by investing in real estate using a Self-Directed IRA, but they still haven...

25 Dec 201742min

EP101 Finding Great Deals at Sheriff's Sales and Tax Auctions with Stephen Benedict

EP101 Finding Great Deals at Sheriff's Sales and Tax Auctions with Stephen Benedict

Today we are taking a deep dive into buying properties at Huge Discounts through Sheriff Sales and Tax Auctions. My guest today is Stephen Benedict, an investor in the West Michigan/Muskegon area with...

18 Dec 20171h 5min

EP100 The Tables are Turned!  Charlie Kao Interviews Host Brian Hamrick for the 100th Episode!

EP100 The Tables are Turned! Charlie Kao Interviews Host Brian Hamrick for the 100th Episode!

For the 100th Episode we decided to shake things up a little.  Charlie Kao is back in the studio and turning the table on host Brian Hamrick, making him answer the questions this time. Charlie gets Br...

11 Dec 201751min

EP099 Tax Lien Investing and Finding Distressed Properties with Hunter Carlile

EP099 Tax Lien Investing and Finding Distressed Properties with Hunter Carlile

At the age of 44, Hunter Carlile lost his corporate job and had to figure out how he would support his wife and three kids.  That was over four years ago, and in that time Hunter has bought/sold or re...

4 Dec 201748min

EP098 How Smart Home Automation can Save You Time, Money, and Increase Tenant Retention with Sean Miller, President of Point Central

EP098 How Smart Home Automation can Save You Time, Money, and Increase Tenant Retention with Sean Miller, President of Point Central

When many of us think of Smart Home Technology we picture Amazon Alexa or Google Home turning our lights on and off or telling us the temperature and time.  These devices can be fun and addictive, but...

27 Nov 201740min

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