Description

How do you take your business from niche markets to the national level? In this episode of The Academy Presents: Real Estate Investing Rocks, we welcome Chris Prefontaine. Chris provides an insightful look at how they started locally and then expanded to multiple states. He explains why it is critical to make sure values align from the start, how landlords have additional challenges when working with buyers, and the process they use to ensure potential associates match their values.

Join Angel and her esteemed guest discusses how to minimize risk while still having an income stream and learn about flexible lifestyle choices that come with investing in niche markets.       

Tune in now as Chris and learn how to take your business to a national level!

[00:01 - 01:14] Expand Nationwide Through Deals And Coaching

• Angel welcomes back, Chris Prefontaine!
• Starting locally and expanding to a few states as needed for more business

[01:15 - 03:23] Aligning Values Is Key To Residential And Multifamily Real Estate Investing

• Expanded outside of those states through a coaching company by revenue sharing with students
• An interactive learning experience for students and sponsors
• Hands-on experience builds credibility in real estate investing space
• Weekly meetings with subs or contractors are not necessary for rent-to-own projects

[03:24 - 08:20] Understanding The Mindset Behind Risk Tolerance In Real Estate Investing

• Responsibility is different when dealing with buyers versus tenants
• Similar to a note buyer or friend who does owner financing
• Importance of getting the person out of the house you’re taking over from
• Values enlightenment important for property managers and mentors

[08:21 - 14:52] Closing Segment

• Chris shares that risk tolerance should be taken into account when designing a business!
• Tune in to this episode to learn more about Chris!

Tweetable Quotes:

“I'm a firm believer. It's not like every space, but in our space, you can get for most people, plenty of deals to satisfy your goals within a 50-mile radius of where you are right in our space.” – Chris Prefontaine

“When you're picking a mentor or a coaching or someone to align with, even if it's a meetup, you got to align there too.” – Chris Prefontaine

You can connect with Chris Prefontaine through:

Website: Smart Real Estate Coach

Facebook: @smartrealestatecoach

YouTube: @smartrealestatecoach

Instagram: @smartrealestatecoach

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