308. Working With Qualified Buyers Through Creative Financing With Chris Prefontaine

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Chris Prefontaine is a 3-time best-selling author of Real Estate on Your Terms The New Rules of Real Estate Investing and Moneeka Sawyer s Real Estate Investing for Women He s also the founder and CEO of SmartrealEstateCoach com and the host of the Smart Real Estate Coach podcast He has been in real estate for over 30 years His experience ranges from constructing new homes in the 1990s and owning a real estate executive franchise to running his own investments commercial and residential and coaching clients throughout North America He points out that everyone has different goals and motivations and that there is no right way to do things If you re interested in learning more about how to develop a winning mindset and attitude in your real estate career be sure to check out Chris s website www smartrealestatecoach com In this episode Chris talks about how he and his team changed their business model after the 2008 recession when banks were no longer willing to lend to real estate entrepreneurs He became a lease purchase company which is less risky for them in terms of the economy He discusses the importance of having a positive mindset when it comes to real estate and how grinding through tough times can help you succeed He shares his story of how he and his team survived the Great Recession and what lessons he learned from it He is a real estate investor who has three ways he can buy property lease purchase owner financing and subject to existing financing He describes the benefits of each method and explains how they work together to help sellers and buyers get the best deal possible 00 01 – 02 37 Opening Segment Chris discusses how he decided to change his business model and operate under less risk after the crash He was able to keep his business running during the recession by selling off loans to other creditors 02 38 – 24 05 Working With Qualified Buyers Through Creative Financing Chris uses lease purchase owner financing and subject to financing to buy and sell real estate 82 of buyers are in need of time to get a loan The buyer s goal is to eventually buy the property from the seller with a conventional loan He shares his story of buying two buildings for his company using creative financing 24 05 – 25 50 Closing Segment Chris explains seller financing which is a way to avoid capital gains all at once Chris shares where you can get in contact with him links below Quote s When you find a house and purchase a house own a financing that s free and clear Chris Prefontaine You can connect with Chris through his Website http www smartrealestatecoach com Podcast Smart Real Estate Coach Facebook Smart Real Estate CoachYouTube Smart Real Estate Coach Instagram Smart Real Estate Coach WANT TO LEARN MORE Connect with me through LinkedIn Or send me an email at sujata luxe-cap com Visit my website www luxe-cap com or my YouTube channel Thanks for tuning in If you liked my show LEAVE A 5-STAR REVIEW like and subscribe Click here to visit this podcast episode