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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EP048 A Surprising & Unexpected Connection to the Past - Buying, Restoring & Renting Historic Homes with John Potter

EP048 A Surprising & Unexpected Connection to the Past - Buying, Restoring & Renting Historic Homes with John Potter

John Potter has built an investment career on buying, rehabbing and leasing historic homes in Grand Rapids, Michigan.  Sometimes while working on these homes he's discovered treasures left behind by t...

12 Dec 201655min

EP047 How a Snowmobile Accident made him Question Everything about his Real Estate Investing Business, Land Contracts and Buying & Selling Notes with Justin Herrema

EP047 How a Snowmobile Accident made him Question Everything about his Real Estate Investing Business, Land Contracts and Buying & Selling Notes with Justin Herrema

Seven years ago Justin Herrema was in a bad snowmobiling accident that made him question everything about his real estate investing business model.  This questioning led him to become the founder & CE...

5 Dec 20161h 9min

EP046 Success Breeds Success - Leveraging a Successful Business in Film Production into 26 units and a Property Management Company with Matt Martyn

EP046 Success Breeds Success - Leveraging a Successful Business in Film Production into 26 units and a Property Management Company with Matt Martyn

What is it about Real Estate Investing that would cause a successful business owner in a completely different field to buy three 8-Units and a duplex and start his own Management Company? Today we'll ...

28 Nov 20161h 6min

EP045 Starting From Broke - How to Quickly Make Money without Money in Real Estate with Tom Zeeb

EP045 Starting From Broke - How to Quickly Make Money without Money in Real Estate with Tom Zeeb

Fifteen Years ago Tom Zeeb was broke and looking for a way to raise money quickly. Today he's going to share his Rapid Cash Generation system that allowed him to leave his job and pursue Real Estate f...

21 Nov 201646min

EP044 How a Conversation in a Convenience Store Changed Everything, Owning & Managing Single Family Rentals and Buying & Flipping Foreclosures with Andy Wierda

EP044 How a Conversation in a Convenience Store Changed Everything, Owning & Managing Single Family Rentals and Buying & Flipping Foreclosures with Andy Wierda

Sometimes a simple conversation can create big changes.  Andy Wierda, my guest today, had that experience when he stopped to buy a beer at a convenience store.  What the woman behind the counter said ...

14 Nov 20161h 40min

EP043 How to Double and Triple your Rental Income with Vacation Rentals & Airbnb with Sue Hoyuela

EP043 How to Double and Triple your Rental Income with Vacation Rentals & Airbnb with Sue Hoyuela

Technology and the Internet have created many new ways for real estate investors to increase their income.  Some savvy owners are foregoing tenants all together and turning their rental properties int...

7 Nov 201637min

EP042 What is the Perfect Investment?  Create Enduring Wealth from The Historic Shift to Multifamily Housing with Paul Moore

EP042 What is the Perfect Investment? Create Enduring Wealth from The Historic Shift to Multifamily Housing with Paul Moore

What is the Perfect Investment?  My guest today, Paul Moore has his view on that question, and he feels so strongly about it that he wrote a book called "The Perfect Investment - Create Enduring Wealt...

31 Okt 20161h 14min

EP041 Buy & Hold Investing in Single-family and Multi-family, Buying into a Busted Condo Community, and Transitioning to a 3rd Party Professional Management Company with Bruce Vander Vennen

EP041 Buy & Hold Investing in Single-family and Multi-family, Buying into a Busted Condo Community, and Transitioning to a 3rd Party Professional Management Company with Bruce Vander Vennen

A lot of our listeners in Grand Rapids might know Bruce Vander Vennen as the President of Jack's Lawn Service and Snowplowing.  But what you may not know is that Bruce is also a successful rental prop...

24 Okt 201632min

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