PassivePockets: The Passive Real Estate Investing Show
159: Mastering Creative Real Estate with Chris Prefontaine
Mar 10, 2024
Chris Prefontaine, a real estate veteran and founder of Smart Real Estate Coach, shares his journey of over 30 years in the industry. He talks about navigating market shifts using creative acquisition strategies like owner financing and lease purchases. Prefontaine emphasizes the 'three paydays' system for building wealth without banks, showcasing the appeal of low-maintenance investments like self-storage. He also highlights the importance of mentorship and aligning values in the pursuit of real estate success.
36:34
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Quick takeaways
- Chris Prefontaine emphasizes the importance of creative financing strategies like owner financing to navigate market uncertainties effectively.
- His 'Three Paydays' framework illustrates systematic wealth building through immediate cash, ongoing cash flow, and significant principal paydown at sale.
Deep dives
Introduction to PassivePockets and Left Field Investors
The episode highlights the merger of Left Field Investors with BiggerPockets, leading to the relaunch of their podcast as PassivePockets, emphasizing its focus on passive real estate investing. Left Field Investors shapes a community for limited partner investors aimed at wealth building through education, networking, and engagement with quality operators. The community offers various resources, including tools, webinars, and forums for discussing real estate deals and investment strategies. A new upcoming tool, Sponsor Reviews, will enable members to rate and review operating partners, further enhancing support in their investment journeys.
