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Welcome to the Raising Private Money podcast with Jay Conner, join Jay Conner and Crystal Baker, as we dive deep into innovative real estate strategies with expert Chris Prefontaine. In today’s episode, we explore the nuances of creative financing in real estate without relying on traditional banks. A seasoned investor and coach, Chris Prefontaine shares extensive knowledge on obtaining and leveraging expired listings, using virtual assistants for lead generation, and determining seller motivation through strategic conversations. From owner financing and subject-to-deals to lease purchases, Chris walks us through real-world examples and case studies demonstrating the effectiveness of his methods. Learn about the financial benefits of structuring deals with principal-only payments and how these strategies can lead to six-figure profits over multiple paydays. We'll also discuss the stringent underwriting processes that result in a low default rate for rent-to-own agreements and address the process of investing in commercial properties. Along the way, Chris emphasizes the importance of real-world application and education, ensuring that listeners leave with actionable insights to enhance their real estate endeavors. Tune in for a wealth of knowledge, real-life success stories, and practical tips that bridge the gap between learning and executing profitable real estate deals. Let's get started!
Timestamps: 00:01 Raising Private Money Without Asking For It 05:20 Prepare for significant changes in creative real estate. 08:08 Owner financing: Principal-only payments on paid-off properties. 11:39 Subject-to-deals provide financial relief band-aid. 15:00 Higher rent-to-own success due to strict underwriting. 17:20 Family earns monthly income per property, future payoff. 21:14 Six-figure deals with $200k+ homes yield predictability. 25:49 Success targeting small, free-clear multifamily properties. 27:55 Insights on deal structures, updates, and lessons. 30:15 Used RedX when licensed, trained virtual assistants. 33:27 Started alone, hired VA post-deal, minimized overhead. 38:22 Most deals are buyer contingencies; solving problems.
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What is Private Money? Real Estate Investing with Jay Conner
https://www.JayConner.com/MoneyPodcast
Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his own money or credit.
What is Real Estate Investing? Live Private Money Academy Conference
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