25 min
101: Building Wealth Through Homeownership Using Alternative Real Estate Investing Strategies with Chris Prefontaine Real Estate Runway
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- Investing
In this episode, real estate expert Chris Prefontaine shares his 31 years of experience in the industry. He reveals how rising interest rates affect the housing market and how creative financing can help buyers find great deals even in a post-Covid market. Chris explores two strategies - owner financing and subject to existing financing - as his favorite methods of creative financing. He also shares four different strategies for finding deals in this market. Tune in to gain valuable insight from an experienced real estate investor!
Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!
LinkedIn: /TeamQuattroCapital
Instagram: @TeamQuattroCapital
Facebook: @TeamQuattroCapital
Website: www.TheQuattroWay.com
[00:00 - 06:41] Investing in Real Estate Despite Rising Interest Rates
Chris brings 31 years of real estate experience to the table
Having survived the 2008 crash, he recommends not taking bank loans in personal name and not using personal money
Interest rates are still below average, making it a good time to invest
Creative financing allows for properties to be purchased at low interest rates
[06:42 - 13:13] Financing Strategies for Alternative Financing in a Changing Market
Interest rates have averaged 7.7% over the past 50 years
Current market conditions have made it difficult for many buyers to secure conventional financing
It may take up to 24 months for prices to stabilize
Creative financing, such as owner financing and subject to existing financing, can be used as an alternative option for buyers who cannot obtain traditional financing
[13:14 - 25:13] Strategies for Creative Financing in the Post-Covid Real Estate Market
Identifying motivated sellers can be done through rent by owners, free and clear properties with out-of-state addresses, owner financing, and niche lists
A cold calling script for free and clear properties can start with acknowledging the property's free and clear status and asking if the owner has any intentions of selling given the current market conditions
Owner financing and subject-to-existing financing are two effective creative financing strategies that can be used in the current market
Working with a real estate attorney can be beneficial to ensure compliance with legal requirements and avoid potential pitfalls when using creative financing strategies
Quotes:
“My thoughts are more important than my prediction.“ - Chris Prefontaine
Connect with Chris:
Website: http://www.smartrealestatecoach.com
Social Media: Facebook, LinkedIn
Free Book Offer: https://wickedsmartbooks.com
LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.
In this episode, real estate expert Chris Prefontaine shares his 31 years of experience in the industry. He reveals how rising interest rates affect the housing market and how creative financing can help buyers find great deals even in a post-Covid market. Chris explores two strategies - owner financing and subject to existing financing - as his favorite methods of creative financing. He also shares four different strategies for finding deals in this market. Tune in to gain valuable insight from an experienced real estate investor!
Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!
LinkedIn: /TeamQuattroCapital
Instagram: @TeamQuattroCapital
Facebook: @TeamQuattroCapital
Website: www.TheQuattroWay.com
[00:00 - 06:41] Investing in Real Estate Despite Rising Interest Rates
Chris brings 31 years of real estate experience to the table
Having survived the 2008 crash, he recommends not taking bank loans in personal name and not using personal money
Interest rates are still below average, making it a good time to invest
Creative financing allows for properties to be purchased at low interest rates
[06:42 - 13:13] Financing Strategies for Alternative Financing in a Changing Market
Interest rates have averaged 7.7% over the past 50 years
Current market conditions have made it difficult for many buyers to secure conventional financing
It may take up to 24 months for prices to stabilize
Creative financing, such as owner financing and subject to existing financing, can be used as an alternative option for buyers who cannot obtain traditional financing
[13:14 - 25:13] Strategies for Creative Financing in the Post-Covid Real Estate Market
Identifying motivated sellers can be done through rent by owners, free and clear properties with out-of-state addresses, owner financing, and niche lists
A cold calling script for free and clear properties can start with acknowledging the property's free and clear status and asking if the owner has any intentions of selling given the current market conditions
Owner financing and subject-to-existing financing are two effective creative financing strategies that can be used in the current market
Working with a real estate attorney can be beneficial to ensure compliance with legal requirements and avoid potential pitfalls when using creative financing strategies
Quotes:
“My thoughts are more important than my prediction.“ - Chris Prefontaine
Connect with Chris:
Website: http://www.smartrealestatecoach.com
Social Media: Facebook, LinkedIn
Free Book Offer: https://wickedsmartbooks.com
LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.
25 min