7 - Unleashing the Power of Creative Real Estate: A Game-Changer for Investors with Smart Real Estate Coach's Chris Prefontaine

Your host, Glen Poulos, talks with the Founder and Chairman of Smart Real Estate Coach, Chris Prefontaine. Chris began his journey in the 90s, building homes without the use of banks. His entrepreneurial spirit led him to buy a realty executives franchise, which he later sold to Coldwell Banker in 2000. However, the 2008 crash caused major headaches for Chris as he had personally signed on banknotes for around 23 properties. This experience led him to re-engineer his business and develop the strategies he uses today.One of the key principles Chris advocates is not using bank loans for real estate purchases. Instead, he focuses on buying properties with underlying loans that stay in the seller's name (subject to existing financing). He also buys properties on financing, requiring little to no cash and no personal signature or credit. Additionally, Chris utilizes lease purchase agreements where a small deposit is made, but the buyer controls the property without owning it.To learn more about Chris's work, click HERE and HERE.Think you'd be a great guest on the show? Apply HERE.Want to learn more about Glen's work? Check out his website at https://glennpoulos.com.