#75 - No Banks, No Problem: Creative Real Estate Hacks with Chris Prefontaine

Send us Fan MailIn this episode, Steven Arita chats with Chris Prefontaine, an experienced real estate investor and coach, about the power of creative financing in building lasting wealth. Chris takes us through his journey, from starting in real estate in 1991 to surviving the 2008 crash, and eventually building a successful family business focused on buying and selling properties without relying on traditional banks.Chris walks us through the three main ways his company acquires properties: owner financing, subject-to deals, and lease purchases. He explains how each method works, the advantages over traditional investing, and offers advice for tech professionals looking for passive income. He also stresses the importance of mentorship, sticking with a proven strategy for at least three years, and surrounding yourself with the right support to stay on track.In addition, Chris talks about leadership, growing a business, and why staying true to your core values is key to success in both your personal and professional life. He shares his thoughts on mastermind groups, finding the right mentors, and structuring a business that aligns with your long-term vision. Whether you're looking to make the leap from a corporate job to real estate or simply want smarter ways to invest, this episode is filled with valuable, actionable advice.Learn more about Chris:https://smartrealestatecoach.com/Check out Chris’s free book offer: wickedsmartbooks.com/stevenaritaEpisode highlights:(0:00) Intro(1:33) Chris’s early days in real estate and the 2008 crash(4:28) The “time to first deal” model and the “three paydays” strategy(10:33) Breaking down the subject-to, owner financing, and lease purchase strategies(14:57) Why do sellers agree to creative financing deals?(21:46) The role of masterminds and mentorship in business growth(26:33) Setting goals and adapting strategies in business(32:46) The role of core values in business and personal life(37:06) Advice for parents on building generational wealth(39:59) The importance of committing to a strategy for at least three years(43:06) Where to find Chris’s resources(43:45) Outro—Share this with your tech friends who you think would benefit from learning about passive income and alternative real estate investments. For more resources and guides, check these out:Crack the Code https://www.aritacapital.com/crack-the-code/Investor 101 https://www.aritacapital.com/investor-101-resource/Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/If you want to learn more, reach out at:Email: [email protected]:  https://www.linkedin.com/in/aritasteven/IG:  https://www.instagram.com/the.real.arita