A Great Real Estate Investing System - Chris Prefontaine #5363

Summary: A lot of people want to purchase homes, but don’t have the credit, or are possibly newly self-employed. I sit down and chat with Chris Prefontaine to look at an interesting variation of real estate investing that involves a rent-to-own approach. If you can’t buy now, this is a very effective way to get into the market. Tune in to hear more about what rent-to-own entails, and how you can easily get involved. Highlights: -A lot of people want to buy homes but don’t have the credit, are self employed, etc. -Chris Prefontaine has been a real estate coach for 30 years and helps people figure out how to navigate through this process -If you can’t buy now, it’s best to go through a solid rent-to-own program -If you’re a buyer/investor make sure you’re going through an underwriting process at the beginning and have a mortgage plan ready -You need to also have the buyer mentality -With rent-to-own, buyers have to go through the qualification process, (the buyer may need credit repair, or may be self-employed) -You enter the home as if you bought it, and you take care of repairs -Prefontaine helped create a concept called “Three Pay Days” -They schedule monthly principal payments with most deals -If you’re brand new, the lease-purchase method is the way to start -Prefontaine’s lease purchase agreements are already set up and only require a $10 deposit Useful Links: Financial Survival Network Smart Real Estate Coach