159: Mastering Creative Real Estate with Chris Prefontaine

http://

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

Resources Mentioned:

Contact the guest:
LinkedIn
Instagram
Facebook
YouTube

Podcast Recommendations:
The Ed Mylett Show

Advertising Partners:

Left Field Investor

Rust Belt Capital

Left Field Investors – BEC

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Circuit City

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Disclaimers: The information on this website, including any graphs, charts, ratings, reviews, videos, and other visual aids, is for informational purposes only, and is not an offering of or solicitation to purchase securities or otherwise make an investment. PassivePockets is not responsible for ensuring or verifying that sponsor and/or deal information and offering materials are compliant with applicable law, including but not limited to securities laws or investment advisory regulations. PassivePockets receives compensation from sponsors in exchange for profiling sponsors and/or their sponsored deals on this website; however, such profiles and the sponsor-provided content therein shall not be construed as, and are not, endorsements, testimonials, or recommendations by PassivePockets. Any comments, views, opinions and any forecasts of future events, returns or results expressed in video content posted to this website, whether by PassivePockets, sponsors, or website users, reflect the opinions of the given author or speaker (including the personal opinions of PassivePockets employees or contractors, as applicable), are subject to change without notice, do not reflect the views of PassivePockets or its affiliates, may not reflect actual investment results, are not guarantees of future events, returns or results and are not intended to provide financial planning, investment advice, legal advice or tax advice. The accuracy, completeness or suitability of the (i) information and offering materials provided by a sponsor and (ii) the information discussed in video content posted to this website, including any comments, views, opinions, forecasts, graphs, charts, ratings, reviews, videos, and other visual aids, cannot be guaranteed, are not reviewed by PassivePockets, are provided for informational purposes only, and should not be solely relied upon in making an investment decision. No responsibility or liability is accepted or assumed by PassivePockets or any of its officers, agents or advisors as to the accuracy, sufficiency or completeness of any such video content. Investing in real estate is inherently risky and suitable only for sophisticated and qualified investors. Prospective investors should consult with their own investment advisors, financial advisors, and tax advisors, as applicable, in connection with any decision to invest. Sponsors may only offer securities through this website pursuant to Rule 506(c) under Regulation D under the Securities Act of 1933, and the sale of such securities will be strictly limited to those persons who are qualified as “accredited investors” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933. Compliance with these requirements and other applicable securities laws is the sole responsibility of each sponsor, and not PassivePockets.

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .