Ep 469: Textbook Seller Finance Wrap With Chris Prefontaine

In this episode, host Daniel Martinez welcomes returning guest Chris Prefontaine to discuss creative financing in real estate. Chris shares a detailed story about a successful deal involving an expired listing, owner financing, and the three payday system, highlighting the significant profit made from principal paydown. He emphasizes the effectiveness of creative financing and encourages listeners to educate themselves on this topic, directing them to smartrealestatecoach.com for more information. The episode concludes with Chris offering a free masterclass on real estate strategies, and Daniel encourages listeners to like, share, and subscribe to the podcast. 0:10: Daniel introduces Chris Prefontaine, a returning guest, and mentions their previous episode which covered the topic of creative finance in detail. 0:28: Chris shares a story about a profitable real estate deal involving an expired listing and owner financing, explaining how he and his son capitalized on a property from an estate sale. 1:25: Chris provides insights into his negotiation strategy for the deal, focusing on how he determined the purchase price and structured the payments to maximize profit. 3:20: Towards the end of the episode, Chris offers a free masterclass on real estate strategies, discussing how to acquire leads, negotiate with sellers, and exit deals profitably, available at smartrealestatecoach.com www.smartrealestatecoach.com Text 📱 210-972-1842 Text 📔 "Course" to learn how to make 6 figures on one land deal. Text ✴️ "Hive" to get added to weekly meetings. Text 🍎 "Apple" to schedule a 1-on-1 call with Anthony & Daniel. Text 🛬 "Land" to join The Million Dollar Land Mastermind 🔍 Need Inbound Real Estate Leads. https://www.hiveleads.io/ 🔍 Follow Us on YouTube https://www.youtube.com/channel/UCbulcrC4WbOy5Fzu0eWzNVQ/?sub_confirmation=1 🔍 Follow Us on Instagram https://www.instagram.com/hivemindcrm/ 🔍 Check Out https://www.hivemindcrm.io/ 🔍 Check Out Our Land Mastermind https://www.milliondollarlandmastermind.com/landmastermind 🔍 Pick Up All Event Recordings here. https://thehiveislive.com/recording 🔍 Follow Us on TikTok https://www.tiktok.com/@hivemindcrm?lang=en 📍Join the FB Group https://www.facebook.com/groups/137799891494707 📍 Check us at Join Us! https://thehiveislive.com/ Help support the show. https://anchor.fm/hivmindcrm/support

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Transcript

my name is Dan Martinez Welcome to The

Hive with us

[Music]

podcast I'm your host Daniel Martinez

today we have returning guest Chris

Prefontaine if you don't haven't seen

the episode please go check it out we

covered everything creative Finance

literally everything we miss some stuff

but it's a lot it's a lot you're learn a

lot but today we go we uh episodes

called deal breakdown we cover cool

interesting stories now Chris what is

your cool interesting story now this

could be a student because I know you

have a students so we could talk about

some amazing student deals because I

think this is a great opportunity for

that okay what comes to mind because I

know the math without having something

in front of me okay is that we we got a

leave from an expired listing we my son

and I back then this was an older deal

since cashed out it the gentleman's Dad

passed and he was liquidating six or

eight properties we found one as an

expired list we went to see him long

story short which is the case a lot of

times with the states he said hey Chris

I like what you're doing but my siblings

just want to cash out you know they want

closure cash cash I get it yeah so said

okay he called us back it must have been

gosh at least nine months later like it

was almost a year and said hey you might

not remember me I did and he said uh I I

got rid of all my dad's property I have

one of my homes left I'm retiring to

South Carolina I want to do that owner

financing thing he owed nothing on it

which is our ideal this is classic the

way we do it so we sat on his friend

porch and my question for him this is a

script for everybody with an expired

listing is hey it didn't sell was on for

like 30 if it did what were you

expecting to net after commission

haggling on price maybe some home INS

What just what was in your head you said

1839 that was his number I said great

we'll pay 1839 no money down 923 I I

always make up a very specific number so

it's not negotiable so it was

$923 and that was principal payments and

so we bought the home no money down you

have to pay transfer tax you can't say

no money down and by the way pay your

own tax right so we did have to pay

transfer tax call it whatever it was

1,800 bucks and then we filled that with

the tenant buyer the way we discussed in

the other episode and the all three

paydays on that deal because of the down

payment nonrefundable the monthly spread

and the long term the longterm being

very cool because 9ine 23 months coming

off a principal was

$128,000 on a now now get your mind for

The Listener wrapped around we bought it

for 18839 profit was 12 something why

because of the three payday system and

the principal paid it principal pay down

is so

powerful principal pay down the down

payment and then the spread between the

debt that is a textbook creative Finance

deal if you don't understand that please

learn more about it please go check out

smart realestate coach.com and learn

more about these things because one

thing I I really understand is that I

had I had I had a guy message me online

he's like I want to get into real estate

but I want to I want to get I need to

get build up my cash to get 20% down you

don't need that no stop it you don't

need that the right you need the right

information and get it on the phone and

talking to people and that's it so man

that was amazing amazing story for

everybody here working people find you

online where do you want to finish the

call I you give the away the book you

give away your your book on the other

episode what do you want you have want

to do that again or no I I'll give a

free master's class so if if you don't

mind dealing with me for another 55

minutes I have a pre-recorded so you

don't have to deal with me directly you

can watch my presentation it's going to

bring you a through z how do we get

leads how do we talk to sellers how do

we then exit those and then I'm going to

show you some case studies so you can

startop getting your head wrapped around

the deals and that's at smart realestate

coach.com

slms class it's totally free there you

go and get a list to another hour if you

really want to after those three minutes

there you go if you like this episode go

share like it share subscribe go leave

us some review share with a friend and

we'll see you in the next episode thanks

for coming on Chris we appreciate your

time thank you buddy R here go check

them out have a good day guys

[Music]

bye

Daniel Esteban Martinez

Host/ Ceo/ Speaker

I have been an entrepreneur since 2018. I come from a regular home just like most people. My dad worked on the roads in the Chicago area for over 30 years. He always taught me to work with my brain, instead of my body. Your body can only take so much abuse. I learned so much from my father. He always pushed me to work smarter and not harder.

I have owned and operated a trucking business for 2 years. I started learning real estate in 2019. Fell into the Data & Skiptracing business in 2020. My partner Anthony & I started Hivemind in 2021.

I have done a ton of different jobs coming up from painting, to door-to-door sales, telemarketing, truck driving, and loading trailers. What I learned most is that I want to stay in the digital business space. The leverage you can have delivering digital products to the marketplace can yield limitless possibilites.

I started The List Guys in 2020. It is a data and skiptracing service. We provide seller and buyers list nationwide. My clients have been getting great results and I am proud to help people killing it.

I started the Hive in 2021 with my partner Anthony Gaona. It is a real estate and business mastermind. It also comes with a all in one CRM, that can host unlimited websites and users.

Starting the Hivemind has been an amazing journey so far. Seeing one of our users make his 6 figure month in June 2021 leveraging our software, I know there will be plenty more to come!

Chris Prefontaine

Prefontaine

https://drive.google.com/file/d/1Xd_OnLoXIOhFQBxfUMfPslpsaQ_aOjCt/view?usp=sharing