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”