This is an LFI episode and LFI is now part of PassivePockets.
Tune in to ‘Passive Investing From Left Field,’ where host Jim Pfeifer and real estate maestro Chris Prefontaine unlock the secrets to creative property investment. Episode 159 delves into buying properties with existing mortgages, profitable lease purchase strategies, and the power of the ‘three paydays’ system. Whether bracing for market shifts or seeking stable, long-term investments, this episode offers valuable insights for every investor level. Discover Chris’s unique approach to building wealth without banks or personal funds. Get ready for an episode packed with strategies for a robust investment portfolio. Don’t miss it — listen now and enhance your real estate savvy!
About Chris Prefontaine
Chris Prefontaine is a real estate veteran with an emphasis on creative acquisition strategies. With over three decades in the industry, he pivoted from traditional investments to innovative methods following the 2008 crash. He avoids banks and personal funding, preferring terms like lease options, owner financing, and subject-to deals. Prefontaine leads Smart Real Estate Coach, mentoring students in real estate investments and championing the ‘three paydays’ system, signifying cash now, cash flow, and cash later. Focused on low-maintenance asset classes like self storage, Chris plans for passive income streams while imparting his community with the knowledge gained over a successful investing career.
Key Points From The Episode:
1. Chris Prefontaine shares insights on his real estate investment strategy involving properties subject to existing mortgages and utilizing lease purchases for single-family homes.
2. The episode discusses the ‘three paydays’ model of real estate investment, which provides cash flow through principal paydown and property markup.
3. The resilience of real estate investing during economic downturns is highlighted, with an emphasis on the importance of creative real estate to thrive in any market.
4. An upcoming event, ‘passive investing with left field investors’ at the Best Ever Conference, is promoted, offering networking and learning opportunities for like-minded investors.
Timestamps:
01:38 His real estate journey
04:11 Mistakes and lessons learned
05:48 He doesn’t use a bank?
07:44 Principle-only owner financing
09:06 When should we invest?
13:47 Asset classes that will make you money
15:35 Self-storage investing
16:25 How he invests in self-storage
17:53 What other asset classes interest him?
18:30 The 3 paydays
20:56 Market Outlook for 2024
22:37 Renting vs Owning and how it affects the single family home business
23:53 Creative Real Estate coaching business
25:25 How to vet someone
27:29 Podcast recommendations
27:59 Contact Chris
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Podcast Recommendations:
The Ed Mylett Show
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