The REI Diamonds Show-Real Estate Investment Podcast
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July 06, 2018 8:06pm
45m
Omar & I Discuss
More than the Money
Chris Prefontaine is a bestselling author and real estate investor with over
26 years of experience in the field, including 18 years as a builder, realtor,
broker/owner and investor.. He’s always been an entrepreneur even when
he didn’t know it. When he used to drag his wagon up to the street corner
and sell junk from his closet or when he used to purchase gum by the pack
and sell by the slice in middle school.
In 1991, Chris began building homes and built 100 homes before starting
his own brokerage. He then become a broker/owner and was selling 100
homes a year with his small team. Since the 2008 debacle he realized he
needed to reinvent his business so that he no longer had to use his own
money or credit.
Aer years of coaching independently, Chris founded Smart Real Estate
Coach in 2014. The company coaches investors on how to scale & automate
their business throughout the US and Canada- all without using their cash
or credit. Chris and his team, which includes his kids, have done over $80
million in real estate transactions. They mentor, coach, consult and have
Associates around the country doing exactly what they do. On top of that,
they run their own buying and selling business so they’re in the trenches
every single week. Between their existing Associates around the Country
and their own deals, they’re still doing 5-10 properties every month and
control as of now between $20 million -$25 million of real estate with little
to no money down
Omar Khan comes from an institutional investment banking background, having advised on $3.7 Billion of capital financing & M&A transactions. He’s completed numerous multi-million dollar syndication deals and targets deal hold times of 3-5 years before exit. While most people talk about “raising the money” to do deals, Omar focuses much attention on the more important aspects of the deal during this episode: the Team who’s married to the deal for the 3-5 years. If you invest your money passively, you obviously better have a good deal to start with, but a top notch operating partner/team is ESSENTIAL to your money’s survival (let alone growth!!).
Relevant Episodes: (There are 107 Content Packed Interviews in Total)
Resources Mentioned in the Episode:
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