Posts

smart real estate

Chris Prefontaine – Smart Real Estate Investing: How It’s Possible to Build a Rental Property Business without Banks or Your Money (AoL 155)

If you’ve ever read the book Rich Dad, Poor Dad, you probably know that the author, Robert Kiyosaki gained his wealth in Real Estate Investing (REI). Since the release and rise of popularity of the book, there’s been all kinds of methods revealed to the general public about how to make passive income.

There are two passive income quadrants: Investing (I) and Business (B).

When it comes to passive income, we’re usually thinking of the B quadrant.

For example, most of us are familiar with the thought leader approach. They create content, develop a tribe, and provide services or products to that tribe to help them achieve more. The larger the tribe, the more potential one has of making a good income.

Yet others might be more familiar with drop shipping through eBay or Amazon. Pretty much the same idea, but instead of developing your own tribe, you sell to the customers on those sites. Because of that, you have to share a percentage of what you earn with the company.

A hybrid of both of these is using Facebook ads to get your name out there to Facebook users so that they can convert in your sales funnel.

As for the I quadrant, it tends to stay off limits to most people who are seeking passive income.

Mainly because most people think that to work in that quadrant, we have to have money available to invest.

Truth is, that’s not necessarily the case.

In fact, today’s guest, Chris Prefontaine, has one of the coolest systems I’ve seen to help people develop wealth in the I quadrant.

In this session of the AoL Podcast, Veronica and I learn how it’s indeed possible to build a passive income portfolio without using money from banks or our own pocket.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What did Chris learn from being around his dad’s business growing up? 9:06
  • What are some of the benefits in having a family owned business? 10:17
  • How does Chris enable those in his business to succeed? 11:30
  • What’s his perspective on helping charities with a new business? 12:44
  • How was getting started in Real Estate Investing (REI) different than it is today? 15:01
  • What are some strategies he recommends for people just entering the market or already have holdings and don’t know what to do next? 20:31
  • Is there a way to prep oneself for another recession? 22:37
  • What does it means to buy and sell on terms? 23:58
  • What’s Chris’ advice when it comes to working with agents as an Real Estate Investor? 30:49
  • Is there ever a good time to get into commercial real estate investing? 32:00
  • What’s the day to day operation look like when you have to hang onto an investment property for years? 34:03
  • Is there a good way in keeping up with all the laws, ordinances, and taxes? 35:32
  • What’s Chris looking forward to in the not too distant future? 37:21
  • What podcasts have influenced or inspired his own podcast? 38:33
  • What’s a book, film, and song he’d add to the national curriculum? 39:45
  • Is there something he’s learning about right now that he’s looking forward to implementing? 40:49
  • What’s one thing every high school student must know? 41:32
  • How can someone be a difference maker in their community? 41:51

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

What does it take to Crush It in REI?:

How to Communicate with Buyers

Deal Structure Sunday: Part of the SREC Origin Story

SREC Podcast Episode 103 with Mike Makredes


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

best places to invest in real estate

Kevin Bupp – Investing in Mobile Home Parks: Are They the Best Places to Invest in Real Estate? (AoL 124)

In this session, we’re continuing on with our education about the real estate investing (REI) world. Again, REI is something that a lot of us online folks are familiar with. Mainly because one of the most recommended books about passive income was written by Robert Kiyosaki. It’s no mystery that he made most of his income through REI.

As we’ll be reminded in today’s conversation, you can get started at any level. Ideally, you’d be able to put your own money to work for you just like Robert suggests. However, if you don’t have the resources, you can find opportunities for people who do.

These are a couple of the ideas that today’s guest, Kevin Bupp talks about.

Kevin has seen it all. Starting nearly 20 years ago, he went from single family homes to owning all kinds of property.

Today he focuses on one type in particular – mobile home parks (Or better yet, manufactured housing communities).

Why? Listen in to find out!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How’d Kevin first get into real estate investing? 10:03
  • How did he get started with his first property? 13:39
  • Should people new to real estate investing focus on wholesaling or buying to produce recurring revenue from the property? 14:44
  • Why did Kevin start investing in mobile home parks? 17:23
  • Where can someone do research to learn more about doing REI with mobile home parks? 20:53
  • How does Kevin alleviate the problem of tenants not paying on time in his parks? 27:48
  • What would Kevin of today tell himself back in 2000 to invest in if he only had $5000 to $10000 initially? 33:14
  • If someone wants to bring opportunity to someone like Kevin, what kind of property should they be on the look out for? 35:16
  • How can someone find those opportunities for established real estate investors? 36:51
  • Could someone develop their own mobile home park? Why might it be a good or bad idea? 38:42
  • Is there any trend in tiny home parks starting up? 41:15
  • How important is it for Kevin to give back to his community? 42:34
  • What’s Kevin looking forward to in the future? 44:53
  • Who are the 3 most influential people in his life? 46:06
  • One gift he likes giving others? 46:56
  • What’s Kevin looking forward to in the future? 47:15
  • How can someone be a difference maker in their community? 48:24

Right click here and save-as to download this episode to your computer.

 

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

SHOW NOTE EXTRAS:

Kevin on BiggerPockets

Interview on the REI Foundation Podcast

Kevin on Rod Khleif’s Show

A Taste of 72 Hours to Key West


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherSoundcloud, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!