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Sep 12, 2022

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 Coach
YouTube: 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

 

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