206 - Chris Prefontaine, A Crazy Sh*t Story (Literally)

Want to hear a crazy shit story (literally)? Of course you do,
that’s why you’re here! Chris Prefontaine, a real estate investor
and coach, had to do some quick problem-solving when things went
south at one of his college investment properties. If you’ve got
questions about how investments work without a bank loan or
personal money, Chris is the guy to ask. Listen in to hear Chris
share what he advises investors, why people love his solution,
and how he brought his sons into the business, too. 


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Time Stamped Show Notes


00:40 – Introducing Chris, who’s been in the industry for
almost 30 years

00:50 - He’s in Newport, Rhode Island and works with his
two sons running a buying and selling entity and coaches
others to do the same

02:40 - He got crushed in 2008, but during COVID-19 he’s
been tripling deals

03:30 - They buy everything lease-purchase or owner
financing; neither require a bank loan or personal money



04:00 – How it works

04:05 - Banks aren’t lending like they were, a
lease-purchase helps people lock in profit and be hands-off
on the process

05:20 - It helps you protect what you have no matter what
the market does; he helps people get the solution they need



06:25 - His CSIRE story

06:30 - A client stayed in a home for 26 months and gave
them credit the whole time; when she left, they had a payment
due

07:25 - They gave her stability and peace of mind, but
she was essentially paying to be in her home



07:40 - On debt limits

07:50 - After 2008, he’s careful not to be overleveraged
and advises investors to do the same



08:25 - Another CSIRE story

08:30 - They used to buy college properties; they got a
call and the basement was full of sewage a foot deep

09:10 - They went in and cleaned it manually and it
happened a second time at the same property; it wasn’t the
kid’s fault, roots had grown into the pipes



10:20 - How to contact Chris:

Free webinar: www.smartrealestatecoach.com/webinar

Free strategy call: www.smartrealestatecoach.com/action

Free book: www.freesrecbook.com

https://www.smartrealestatecoach.com/thriving - it's a
chapter in the Newly Revised Real Estate On Your Terms for
free 





3 Key Points
You can’t learn better than toe-to-toe. Don’t be overleveraged.
People value stability and peace of mind.