Path To Passive: Real Estate Investing For Technology Professionals
Welcome to "Path To Passive: Real Estate Investing for Tech Professionals," the podcast that helps tech-savvy individuals secure their financial future through real estate. In the fast-paced world of technology, it's easy to overlook the power of real estate as a source of passive income. This podcast is here to change that.
In each episode, we'll break down real estate investment strategies in plain language, tailored to tech professionals like you. We'll cover topics like how to use your tech skills to make data-driven property decisions, generate passive income, manage risks, and maximize tax benefits. Plus, you'll hear inspiring success stories from fellow techies who've achieved financial freedom through real estate.
Hosted by real estate experts with tech backgrounds, "Path To Passive" simplifies real estate investing, making it accessible to anyone looking to create a passive income stream. Subscribe now and start your journey to financial independence through real estate. Your path to passive income begins here!
Path To Passive: Real Estate Investing For Technology Professionals
#75 - No Banks, No Problem: Creative Real Estate Hacks with Chris Prefontaine
In 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/stevenarita
Episode 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
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For more resources and guides, check these out:
- 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: steven@aritacapital.com
LinkedIn: https://www.linkedin.com/in/aritasteven/