#76. Chris Prefontain—Mastering Real Estate Without Banks
In this episode Chris Prefontaine, a seasoned real estate expert shares his journey from being a builder in the early '90s to selling a realty franchise and navigating the 2008 financial crash, which left him with significant personal debt. This experience led him to develop a unique real estate model focused on creative financing methods like owner financing, subject-to deals, and lease purchases, which he now teaches through his coaching platform, Smart Real Estate Coach.
Chris emphasizes the importance of being coachable, having strong phone skills, and managing expectations in real estate. He also discusses his coaching model, which includes group and one-on-one training, and highlights the success of his "three paydays" system, which provides immediate, monthly, and long-term financial benefits. The conversation underscores the value of resilience, learning from setbacks, and building a supportive community.
Chris Prefontaine is the Chairman and Founder of Smart Real Estate Coach®, a 4x best-selling author. He is a Forbes Business Council Member and a 3-time Inc 5000 Honoree for Fastest Growing Company. Wicked Smart Community operates all over North America and has successfully completed hundreds of transactions, assisting students in doing the same. Alongside his achievements, Chris hosts the Smart Real Estate Coach® Podcast, which ranks in the top 0.5% globally.
Having navigated through challenges such as the crash of 2008, 9/11, a near-death experience with his son, and the impact of COVID, Chris reengineered his entire business to weather all storms and economic cycles. Understanding these challenges, he helps students navigate the constantly changing real estate waters.
Chris, his family, and his team's mission focus on transforming dedicated individuals into Wicked Smart real estate investors.
Chris and his wife Kim have been married for 37 years, and their adult children Nick and Kayla participate in the family business while also pursuing their own entrepreneurial ventures.
