Episode 767:
Our special encore guest today is Chris Prefontaine. Chris has been in the trenches of the real estate industry for over 25 years. His company has done over $80 million in real estate transactions. He is a practitioner at heart — which is why his company still buys between 4 to 10 properties each month where Chris and his family practices what he preaches. He is the author of the best selling book, “Real Estate on Your Terms.”
I invited Chris back for an encore because of a fundamental problem that most business owners struggle with — how to get their wealth out of their business and into other assets — just in case they don’t have an opportunity to sell the business — or even if they do sell the business — awesome — the diversification of assets can provide a very balanced portfolio. And real estate may be one of those investment strategies to consider as you are building out your plan.
What you’ll learn about in this episode:
- How to get your wealth out of a business and into other assets while still running the business smoothly
- Diversifying your portfolio in real estate
- How to develop and help people grow to reach their full potential
- How to run a family business smoothly and efficiently
- The unique advantages and disadvantages of running a family business
- The importance of having each family member take on a specific role within a family business
- How to show people that they actually have a pathway to financing and homeownership
- How to amass millions in cash outs over the next three years
- How to make money from the three paydays of real estate and how to morph the three paydays into four or even five paydays
- Whether you should have accountants and attorneys advise you for higher-end deals
Ways to contact Chris:
- Free “Real Estate on Your Terms” webinar training
- Website: www.smartrealestatecoach.com
- Twitter: @chrispre
- Book: “Real Estate on Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash Or Credit”