Episode 38: Recession Proof Real Estate Investing with Chris Prefontaine

Published: Sept. 8, 2020, 5:38 a.m.

<p>Chris Prefontaine is a 3 time best-selling author of Real Estate on Your Terms,The New Rules of Real Estate Investing and Moneeka Sawyer's Real Estate Investing for Women. He is the founder and CEO of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast.</p> <h1>In this episode we discuss:</h1> <ul> <li>How he got involved in real estate [4:22]</li> <li>Lessons learned while investing in real estate and methods for recession proof real estate investing [6:45]</li> <li>What does burning and selling in TERMS means [8:39]</li> <li>Challenges when buying in terms [11:33]</li> <li>Finding the right deals [12:50]</li> <li>Example of a terms deal [14:02]</li> <li>Buying and selling properties virtually [15:48]</li> <li>Who is responsible for making the payments to the note owners of the property? [17:10]</li> <li>Common pitfalls for people when starting a deal [20:00]</li> <li>Characteristics of people that succeed in using Chris’ methods [21:50]</li> <li>Hedges he put in place to avoid loss in times of a crisis [23:42]</li> <li>The best lessons are learned in failure [25:17]</li> <li>How to learn more about Chris’ methods of investing [26:10]</li> <li>Using terms to purchase your own home [27:46]</li> <li>Advice for budding real estate investors [29:02]</li> </ul> <h1>Links to sources and tools</h1> <ul> <li> <p>Learn more about recession proof real estate investing with these free resources:</p> <ul> <li>Free webinar: www.smartrealestatecoach.com/webinar</li> <li>Free strategy call: www.smartrealestatecoach.com/action</li> <li>Free book: www.freesrecbook.com</li> </ul> </li> <li> <p>Follow Chris Prefontaine on social media:</p> <ul> <li>LinkedIn: bit.ly/335yojH</li> <li>Instagram: bit.ly/3jXXlo4</li> <li>Twitter: bit.ly/3bK3wJu</li> <li>Company's Facebook Page: www.facebook.com/smartrealestatecoach/</li> </ul> </li> <li> <p>Listen to more real estate investing related episodes here:</p> <ul> <li>Building a Real Estate Team with Agostino Pintus: bit.ly/3inplkF</li> <li>Real Estate Investment Strategies with Daniel Bobry: bit.ly/3h9V3QP</li> <li>How To Start In Real Estate Investing – Mark Anderson: bit.ly/3hdQncC</li> <li>How to Mitigate Common Problems in a Rental Properties with Ricardo Ugas: bit.ly/2GCEyQB</li> </ul> </li> </ul> <p>Thanks for listening. Don’t forget to like us on Facebook: <a href="https://www.facebook.com/passthesecretsauce" rel="nofollow noreferrer noopener" target="_blank">https://www.facebook.com/passthesecretsauce</a> to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.</p> <h1>Support our podcast</h1> <p>If you’re a fan of the show, there are three simple things you can do to support our work: </p> <ol> <li>Subscribe, rate and review: <a href="https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483" rel="nofollow noreferrer noopener" target="_blank">https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483</a> the podcast on iTunes or wherever you subscribe.</li> <li>Tell a family member, friend, or colleague about the show. </li> <li>Subscribe to us on YouTube: <a href="https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA" rel="nofollow noreferrer noopener" target="_blank">https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA</a> and follow us on LinkedIn: <a href="https://www.linkedin.com/company/pass-the-secret-sauce-podcast" rel="nofollow noreferrer noopener" target="_blank">https://www.linkedin.com/company/pass-the-secret-sauce-podcast</a></li> </ol> <hr> <p>This podcast is hosted by <a href="https://wwww.zencast.fm" rel="nofollow noreferrer noopener" target="_blank">ZenCast.fm</a></p>