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.
Here are some power takeaways from today’s conversation:
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
This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
Resources Mentioned:
LinkedIn: LinkedIn: https://www.linkedin.com/in/evanpolaski/
Podcast Recommendations:
Conan Obrien needs a Friend
https://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz
Man Talks
https://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ
Advertising Partners:
Left Field Investors:
https://www.leftfieldinvestors.com/
Rust Belt Capital
https://rustbeltcapital.com/
Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/
Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/
Circuit City
invest.circuitcity.com
PassivePockets: The Passive Real Estate Investing Show