Shoulders Of Titans Podcast Interview #057 with Chris Prefontaine:
Chris Prefontaine is a Real Estate Entrepreneur, investor, mentor and Philanthropist. With over 25 years experience investing in real estate, he coaches others throughout the country to do the same, and has a passion for helping others grow to their full potential.
Chris has been in real estate for 25+ years and is the Best Selling author of “Real Estate on your terms”. His experience includes the construction of over 100+ single family and duplex homes, has owned a Realty Executives Franchise in Massachusetts from 1994-2000, as broker / owner which maintained high per agent standards and eventually sold to Coldwell Banker in 2000.
The 2000’s included coaching ½ million and higher realtors in order to scale & automate their business throughout US and Canada. He also participated in doing condo conversions and “raise the roof” projects converting single family ranches to colonials in growth neighborhoods.
Chris has been a big advocate of constant education and participates regularly in high end mastermind groups and consulting with private mentors. He runs his own buying and selling businesses with his family team. Those entities participate in their own deals and complete between 2-5 properties monthly so they’re in the trenches every single week.
Chris and his family team have done over 80 million in real estate transactions. They also have private Joint Venture (JV) Partners around the Country (by application only) and mentor and coach others to do what they do.
Topics Discussed In This Interview:
- The quickest way to add a 6 figure stream of income with real estate so you can quit your job as fast as possible
- What you’re probably not doing to attract loads of clients and generate tons of authority… (hint: once you do this, everyone will see you as an authority in your marketplace)
- Why you should never take out a bank loan or ask for a private loan
- Chris’ 2 favourite ways to buy property with zero dollars down and no interest (they definitely don’t teach THIS in school)
- Why you’re not actually in the business of selling real estate, and what business you’re actually in – the answer may shock you
- How to fully automate your real estate business so you can close more deals, and have highly qualified leads blowing up your phone… even if you have never closed a single deal
- The secret to hiring your family and make more money than if you were to hire normal employees (yes, your family can be a cash producing asset!)
- Why you shouldn’t have a business card and what you need instead to generate instant credibility and authority
- The sneaky way to treat and bill your tenants so you don’t have to worry about fixing broken sinks, refrigerators and toilets
- What never to do when you’re in real estate to ensure you don’t get screwed when the market turns or health issues arise – most people get this dead wrong and end up broke and afraid
- How to make a fortune in real estate: The “3 Big Payday” rule to getting payed loads more money than if you were to sell traditionally
- How many hours you should be working on real estate when you’re just starting out – it’s a lot less than you probably think!
- The truth about investing in real estate and why most real estate investors end up broke
- The secret to charging 4x more for your product or services without having to do more work
- How one of Chris’ students is going to be receiving $700,000 in profit over the next 36 months with $2,100,000 in controlled value
- and much, much more
Full Transcript of Interview: http://www.shouldersoftitans.com/interview-with-chris-prefontaine/
“The key to business success is to avoid bad assumptions.”
“If you have discipline, you can pretty much be successful at a lot of businesses.”
“You’re not just investing, you’re almost finding out people’s problems and solving them through real estate.”
“Real estate is ever-changing so we’re constantly tweaking our systems.”
“The buying and selling business as everybody will learn, it can be done in 5-15 hours a week if you do it right and you’d make a healthy living and then some.”
“The why has to be strong enough, then the how will show up.”