Episode 106: How to Get 3 Paydays Using Lease Options and Real Estate with Chris Prefontaine

Posted Aug 9, 2018 | Updated May 24, 2019

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My Guest on the Show…

Chris Prefontaine comes on the show to break down how to get 3 separate paydays as a real estate investor while using the strategy of facilitating a lease to own property.

Together Chris and I break down how it works and why he has had so much success with creating three unique revenue streams. Chris will also explain why he will match his way of doing real estate against any other model and why his will always outperform the others.

Yes, this may sound confusing at first but you can guarantee I asked Chris a ton of questions and even had him break down a real-world scenario using real numbers. You’re really going to like how we simplified the process to understand over the podcast and how we added the example into the show notes for this episode.

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Mentioned in this Episode

The Smart Real Estate Coach Podcast

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Show Notes

3 Ways Lease to Own Makes You Money [1:39]

How Chris got started with real estate in the 90’s [4:05]

Chris’ big mistake [6:41]

What are lease options and how do they work [8:53]

The difference between renters and tenant buyers [12:55]

A transaction summary [15:54]

How to learn from Chris [18:33]

All the ways to make money with real estate [26:07]

An exact example [28:45]

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

2 Comments

Josh August 09, 2018

We have family friends our age who started doing this a year ago with starter homes in our local community. Great hearing expert insight on this topic!

Reply
- Chris Petrie August 13, 2018
  
  How well has it worked for them? That’s so cool that you’ve seen people doing this!
  
  Reply