Ep 213 - How To Build Wealth In Any Market Without Going Broke
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In this episode of The Wealth Vibe Show, host Vinki Loomba sits down with Chris Prefontaine, founder and chairman of Smart Real Estate Coach, to discuss a strategy that allows real estate investors to build wealth without relying on traditional banks or hard money lenders.
Chris reveals how he has successfully rebuilt his business after multiple economic crashes by mastering the art of buying and selling real estate on terms.
🎯 Key Takeaways:
- Creative Financing is Key: Learn how to acquire properties without using your own cash or credit.
- Becoming an Entrepreneur: The mindset shift required to move from a transactional real estate model to one that builds long-term wealth.
- Take Action: Chris emphasizes the importance of taking consistent action and staying committed, despite challenges or doubts.
- The Genius Model: A three-pronged framework for success—Skill Set, Systems, and Mindset. Chris discusses how these components work together to help his students succeed.
Episode Timestamps
00:00 – 01:30: Introduction & Overview of Buying on Terms
01:30 – 03:00: Chris Prefontaine’s Journey: From 2008 Crash to Creative Real Estate
03:00 – 05:00: Understanding the 3 Key Strategies: Owner Financing, Lease Purchase, Subject To
05:00 – 06:30: Real-Life Example: How Chris Acquired a Property with No Bank Involvement
06:30 – 08:00: The 3 Payday System: Creating Long-Term Cash Flow and Wealth
08:00 – 10:00: How to Get Started with Creative Real Estate Investing
10:00 – 13:00: Building Wealth Without Relying on Traditional Lending
13:00 – 15:00: Coaching, Mentorship & Student Success Stories
15:00 – 18:00: The Importance of Systems, Skillset, and Mindset in Real Estate
18:00 – 20:00: Managing Expectations and Overcoming Hesitations
20:00 – 23:00: Deal Structures & What You Need to Know About Underlying Debt
23:00 – 25:00: Building a Real Estate Business with Purpose and Legacy in Mind
25:00 – 28:00: The Power of Consistency & Action: How to Build Wealth Over Time
28:00 – 31:00: Rapid Fire Round: Chris Prefontaine’s Morning Routine & Wealth Vibe
31:00 – 33:00: Wrapping Up: The Importance of Defining Your Why in Wealth Building
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323 episodes