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Uncovering the Success Strategies and Mindset of the Top 1% so You can Amplify and Transform Your Life and Business.
Episodes
Sunday Jan 22, 2023
Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Welcome back to Making Bank. On today's episode, we have Chris Prefontaine, Founder and CEO of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast.
Chris has been in real estate for over 31 years. His experiences ranged from constructing new homes in the nineties to owning a reality. Executive franchise to running his own investments through commercial and residential and coaching his clients throughout North America. He helps his students navigate the constantly changing real estate waters today. Chris and his family and team run their creative financing business, and they're still in the trenches every day.
So check out today's episode with Chris Prefontaine on Making Bank.
(2:23) Real Estate In 2023
There's uncertainty with the media screaming, recession. Interest rates are going up and buyers are getting pushed to the side but Chris assures his wife that they will be fine and that this is the time they really need creative ways to finance to really help people.
(3:29) Background
Chris Prefontaine was fired from a family business that got sold which led him to go into Real Estate full time. He built a bunch of homes, then owned a franchise, eventually sold that to Coldwell Banker in 2000. He then coached people throughout the US and Canada leading up to the crash. The crash destroyed him mentally but it caused him to re-engineer the business to what it is today.
(4:35) Creative Financing
Everyone went into a panic due to the pandemic. Businesses went crazy and the same happened for Chris and their company. He had to do twice as many calls to get the same deal. Due to this whole situation and the uncertainty, creative financing became a huge part of today’s basic needs.
(8:36) Free And Clear
Chris talks about how they typically choose free and clear like 98% of the time, and there's some hybrid as well. But 98% of the time they’re doing these deals and structuring with the owner a monthly principal only payment. And these are the deals that they would always take.
(10:17) Subject To Existing
When you move to something like the subject to existing financing, it's usually the case when, if someone's house is taken over and there's an underlying debt, sometimes, it's just what the house is worth and the debt is taken over. No other financing. No other creativity. There’s creativity with how it is held for bank reasons only.
(14:42) Lease Purchase
Lease purchase is sort of the most attractive for a new person because the lease purchase agreements allow an individual to have the seller sign the lease purchase agreement, whereby now they control the property and built into the agreement is a whopping $10 deposit only.
(18:58) Multi Family
There are just some very tired landlords right now, that went through COVID and they're now hearing the press scream recession,that it made them not want to do it next run.They just don't want to deal with it. So, they're willing to do some owner financing and become sort of the bank.
(19:51) The Right Sellers
There are plenty of people to talk to because of Covid and now the economy, they're willing to sell and they're willing to structure some really cool terms.
(24:02) Teaching Real Estate
If you just come in and learn the techniques, there's one constant about real estate. It's always changing.
(25:40) Top 3 Tips
Pick a niche or industry you can get behind, find someone in the niche that is where you want to be and put the blinders on for three years.There's just too many shiny objects in business and it's easy to get thrown off.
(26:31) Free Book
You're gonna get a couple of the best sellers with a ticket to our event for free. Our next live event, just go to wickedsmartbooks.com/bank
Links:
wickedsmartbooks.com/bank
@smartrealestatecoach
realestateonyourterms.com
chris@smartrealestatecoach.com
Sunday Jan 22, 2023
Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Welcome back to Making Bank. On today's episode, we have Chris Prefontaine, Founder and CEO of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast.
Chris has been in real estate for over 31 years. His experiences ranged from constructing new homes in the nineties to owning a reality. Executive franchise to running his own investments through commercial and residential and coaching his clients throughout North America. He helps his students navigate the constantly changing real estate waters today. Chris and his family and team run their creative financing business, and they're still in the trenches every day.
So check out today's episode with Chris Prefontaine on Making Bank.
(3:10) Real Estate In 2023
There's uncertainty with the media screaming, recession. Interest rates are going up and buyers are getting pushed to the side but Chris assures his wife that they will be fine and that this is the time they really need creative ways to finance to really help people.
(4:16) Background
Chris Prefontaine was fired from a family business that got sold which led him to go into Real Estate full time. He built a bunch of homes, then owned a franchise, eventually sold that to Coldwell Banker in 2000. He then coached people throughout the US and Canada leading up to the crash. The crash destroyed him mentally but it caused him to re-engineer the business to what it is today.
(5:21) Creative Financing
Everyone went into a panic due to the pandemic. Businesses went crazy and the same happened for Chris and their company. He had to do twice as many calls to get the same deal. Due to this whole situation and the uncertainty, creative financing became a huge part of today’s basic needs.
(9:22) Free And Clear
Chris talks about how they typically choose free and clear like 98% of the time, and there's some hybrid as well. But 98% of the time they’re doing these deals and structuring with the owner a monthly principal only payment. And these are the deals that they would always take.
(11:04) Subject To Existing
When you move to something like the subject to existing financing, it's usually the case when, if someone's house is taken over and there's an underlying debt, sometimes, it's just what the house is worth and the debt is taken over. No other financing. No other creativity. There’s creativity with how it is held for bank reasons only.
(15:29) Lease Purchase
Lease purchase is sort of the most attractive for a new person because the lease purchase agreements allow an individual to have the seller sign the lease purchase agreement, whereby now they control the property and built into the agreement is a whopping $10 deposit only.
(19:43) Multi Family
There are just some very tired landlords right now, that went through COVID and they're now hearing the press scream recession,that it made them not want to do it next run.They just don't want to deal with it. So, they're willing to do some owner financing and become sort of the bank.
(20:38) The Right Sellers
There are plenty of people to talk to because of Covid and now the economy, they're willing to sell and they're willing to structure some really cool terms.
(24:38) Teaching Real Estate
If you just come in and learn the techniques, there's one constant about real estate. It's always changing.
(26:30) Top 3 Tips
Pick a niche or industry you can get behind, find someone in the niche that is where you want to be and put the blinders on for three years.There's just too many shiny objects in business and it's easy to get thrown off.
(27:17) Free Book
You're gonna get a couple of the best sellers with a ticket to our event for free. Our next live event, just go to wickedsmartbooks.com/bank
Links:
wickedsmartbooks.com/bank
@smartrealestatecoach
realestateonyourterms.com
chris@smartrealestatecoach.com
Sunday Jan 15, 2023
Sunday Jan 15, 2023
Making Bank: Health Series #MakingBank #S7E26
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and also be as healthy as possible. This episode of Making Bank will help you acquire the necessary tips one needs in order to be the healthiest you can be.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Health Series.
(2:20) Know What You Want
John Madsen talks about how many people are not clear of what they want out of their fitness and as a result many of them come off short. We really need to know exactly what we want out of the workouts we do in order that we can come up with the best routine for it.
(6:44) Test Don’t Guess
Barton Scott talks about how sometimes when we do something, rather than spending a lot of time perfecting what we do to be more efficient, it is more advisable to take a step back and reevaluate a better method altogether. This will be better than spending time perfecting the same method over and over again.
(12:05) Ice Bath
Jason Stauffer talks about how an ice bath really helps him push his body to the best of its ability and how it has helped a lot in his breathing. We sometimes are so in our comfort zone that we forget how much more our body is capable of, so testing the ability of our body once in a while can really help us all in the long run.
(20:00) KE4
Frank Llosa talks about their newest product and its different functions and features and also how to use it correctly.
(24:53) Only You Can Help You
Robert Overwegh talks about how many times he does not actually give any advice to people but rather helps them know what works for them and tells them to do that because at the end of the day, this is what really matters. It is better to just know what works for us and do it on a regular basis.
(30:29) Longevity
Sergey Young talks about the various methods that we can all use and follow in order to improve our longevity and have a good, healthy and long life.
(36:46) Better Sleep
Ariel Garten talks about if we really want to get a good sleep, it comes to as simple as stop intaking caffeine after noon. Caffeine’s effects can last up to 7-8 hours and hence it is better to just not take any more coffee after noon.
Links:
http://pix.joshfelber.com/LaKZF0cf
Saturday Jan 14, 2023
Saturday Jan 14, 2023
Making Bank: Health Series #MakingBank #S7E26
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and also be as healthy as possible. This episode of Making Bank will help you acquire the necessary tips one needs in order to be the healthiest you can be.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Health Series.
(0:56) Know What You Want
John Madsen talks about how many people are not clear of what they want out of their fitness and as a result many of them come off short. We really need to know exactly what we want out of the workouts we do in order that we can come up with the best routine for it.
(5:49) Test Don’t Guess
Barton Scott talks about how sometimes when we do something, rather than spending a lot of time perfecting what we do to be more efficient, it is more advisable to take a step back and reevaluate a better method altogether. This will be better than spending time perfecting the same method over and over again.
(10:33) Ice Bath
Jason Stauffer talks about how an ice bath really helps him push his body to the best of its ability and how it has helped a lot in his breathing. We sometimes are so in our comfort zone that we forget how much more our body is capable of, so testing the ability of our body once in a while can really help us all in the long run.
(18:37) KE4
Frank Llosa talks about their newest product and its different functions and features and also how to use it correctly.
(23:55) Only You Can Help You
Robert Overwegh talks about how many times he does not actually give any advice to people but rather helps them know what works for them and tells them to do that because at the end of the day, this is what really matters. It is better to just know what works for us and do it on a regular basis.
(28:54) Longevity
Sergey Young talks about the various methods that we can all use and follow in order to improve our longevity and have a good, healthy and long life.
(32:25) Better Sleep
Ariel Garten talks about if we really want to get a good sleep, it comes to as simple as stop intaking caffeine after noon. Caffeine’s effects can last up to 7-8 hours and hence it is better to just not take any more coffee after noon.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Jan 08, 2023
Sunday Jan 08, 2023
Making Bank: Best Of 2022 #MakingBank #S7E25
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and grow as much as possible. This episode of Making Bank will help you acquire the necessary growth and performance tips one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Best Of 2022.
(0:48) Strategies To Become Successful
Timothy Sykes talks about the various strategies to become successful and one of the main strategies is the ability to adapt. Especially in today’s world where things are so unpredictable and business can fail anytime, being able to adapt is what will help us strive in this world.
(4:22) Entrepreneurial Spirit
Sean Kelly talks about how his entire life he always knew he had an entrepreneurial spirit. He started very young with something as just shoveling snow during the snowy days to running a business in college. He believes it is what got him to where he is now today.
(7:51) Entrepreneurship Path
Rylee Meek talks about how the main motivation he started becoming an entrepreneur was just to be able to gain freedom and have money to do things. But as he grew he became more wise and started to hang around more people who can help him with his field and this really strengthened his entrepreneurship path.
(11:00) Most Relevant Tip For Success
Justin Razvani talks about his most important tip to be successful is just having relentless focus, not taking no for an answer and never letting any opportunity that arises to go to waste. He always takes up whatever challenges he gets and focuses strictly on them and this was his main key to success.
(13:46) How To Be Really Good
Cole Gordon talks about how when he initially started sales, he was not really good at it but unlike most of his colleagues who had other things going on with them, he mostly only concentrated on sales and kept grinding on just being good at sales. This is what really made him be good at what he does.
(18:14) Various Challenges
Brian Littlefield talks about the various challenges you get when running a successful business in the form of maintaining a cash flow because certain times the growth of a business will exceed its cash flow, hence, the need to be creative becomes more important which then, in turn creates a lot of pressure for the ones running the business.
(21:49) Inventor & Innovator
Bob Moesta talks about the main difference between an inventor and innovator and that is an inventor has to create a unique way.Their creation is patentable and protectable. But it is actually just a different way of doing something. Innovation on the other hand is about actually helping a large group of people make progress in their life.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Jan 08, 2023
Sunday Jan 08, 2023
Making Bank: Best Of 2022 #MakingBank #S7E25
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and grow as much as possible. This episode of Making Bank will help you acquire the necessary growth and performance tips one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Best Of 2022.
(2:09) Strategies To Become Successful
Timothy Sykes talks about the various strategies to become successful and one of the main strategies is the ability to adapt. Especially in today’s world where things are so unpredictable and business can fail anytime, being able to adapt is what will help us strive in this world.
(5:26) Entrepreneurial Spirit
Sean Kelly talks about how his entire life he always knew he had an entrepreneurial spirit. He started very young with something as just shoveling snow during the snowy days to running a business in college. He believes it is what got him to where he is now today.
(8:49) Entrepreneurship Path
Rylee Meek talks about how the main motivation he started becoming an entrepreneur was just to be able to gain freedom and have money to do things. But as he grew he became more wise and started to hang around more people who can help him with his field and this really strengthened his entrepreneurship path.
(12:16) Most Relevant Tip For Success
Justin Razvani talks about his most important tip to be successful is just having relentless focus, not taking no for an answer and never letting any opportunity that arises to go to waste. He always takes up whatever challenges he gets and focuses strictly on them and this was his main key to success.
(14:49) How To Be Really Good
Cole Gordon talks about how when he initially started sales, he was not really good at it but unlike most of his colleagues who had other things going on with them, he mostly only concentrated on sales and kept grinding on just being good at sales. This is what really made him be good at what he does.
(19:32) Various Challenges
Brian Littlefield talks about the various challenges you get when running a successful business in the form of maintaining a cash flow because certain times the growth of a business will exceed its cash flow, hence, the need to be creative becomes more important which then, in turn creates a lot of pressure for the ones running the business.
(22:55) Inventor & Innovator
Bob Moesta talks about the main difference between an inventor and innovator and that is an inventor has to create a unique way.Their creation is patentable and protectable. But it is actually just a different way of doing something. Innovation on the other hand is about actually helping a large group of people make progress in their life.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Jan 01, 2023
Sunday Jan 01, 2023
Making Bank: High Performance & Growth Series #MakingBank #S7E24
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and grow as much as possible. This episode of Making Bank will help you acquire the necessary growth and performance tips one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: High Performance & Growth Series.
(1:59) Tips About Selling
Randy Grizzle talks in depth about the various tips and tricks we need to acquire inorder to be able to sell a business successfully. Most of us cloud ourselves with the thoughts that we need to sell a lot when in reality if we just focus on what we can do and do it to the best of our ability, we will prosper more.
(5:21) Key Points For High Performance
Dean Graziosi’s first advice to high performance is to learn to say the word no. Sometimes we tend to say yes to every opportunity available to us that we are left overwhelmed. Sometimes we just need to learn to say no.
(8:18) Traffic Crisis And Traffic Hail Mary
Justin Brooke talks about how most people buy traffic in a way where they just spend or invest in something hoping it’ll pan out. This is basically doing the lottery and it should not be that way. Most experienced business people do not just throw everything and hope for the best. This is how it should be.
(17:23) Ask Questions No One Can Say No To
Steve Sims talks about how he just prefers a proper connection with whoever he meets. He avoids emails and would prefer a phone call so that he can have a better relationship with who he works with. He then builds the relationship and then starts asking questions that they will not be able to say no to.
(21:52) Nature Of A Growth Mindset
Tom Bilyeu talks about how we are the greatest species to ever exist because we can always adapt to whatever environment we are in. He also discusses how important the growth of a mindset is in great detail.
(28:59) Take Action
JP Sears talks about how important taking action is. It is important because a lot of people tend to find purpose after action is taken rather than waiting to find a purpose without doing anything first.
(34:53) Learn To Separate Yourself
Dave Asprey talks about how all entrepreneurs should learn to separate themselves from their word so that they will not always be stressful, tired and anxious. Only when we separate ourselves from the business life and know there is a clear line between personal and business we can then have a successful business and a healthy life.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Jan 01, 2023
Sunday Jan 01, 2023
Making Bank: High Performance & Growth Series #MakingBank #S7E24
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need to perform at the highest level and grow as much as possible. This episode of Making Bank will help you acquire the necessary growth and performance tips one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: High Performance & Growth Series.
(0:49) Tips About Selling
Randy Grizzle talks in depth about the various tips and tricks we need to acquire inorder to be able to sell a business successfully. Most of us cloud ourselves with the thoughts that we need to sell a lot when in reality if we just focus on what we can do and do it to the best of our ability, we will prosper more.
(4:21) Key Points For High Performance
Dean Graziosi’s first advice to high performance is to learn to say the word no. Sometimes we tend to say yes to every opportunity available to us that we are left overwhelmed. Sometimes we just need to learn to say no.
(7:26) Traffic Crisis And Traffic Hail Mary
Justin Brooke talks about how most people buy traffic in a way where they just spend or invest in something hoping it’ll pan out. This is basically doing the lottery and it should not be that way. Most experienced business people do not just throw everything and hope for the best. This is how it should be.
(16:25) Ask Questions No One Can Say No To
Steve Sims talks about how he just prefers a proper connection with whoever he meets. He avoids emails and would prefer a phone call so that he can have a better relationship with who he works with. He then builds the relationship and then starts asking questions that they will not be able to say no to.
(21:16) Nature Of A Growth Mindset
Tom Bilyeu talks about how we are the greatest species to ever exist because we can always adapt to whatever environment we are in. He also discusses how important the growth of a mindset is in great detail.
(27:51) Take Action
JP Sears talks about how important taking action is. It is important because a lot of people tend to find purpose after action is taken rather than waiting to find a purpose without doing anything first.
(33:58) Learn To Separate Yourself
Dave Asprey talks about how all entrepreneurs should learn to separate themselves from their word so that they will not always be stressful, tired and anxious. Only when we separate ourselves from the business life and know there is a clear line between personal and business we can then have a successful business and a healthy life.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Dec 25, 2022
Sunday Dec 25, 2022
Making Bank: Women Entrepreneurs Series #MakingBank #S7E23
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need proper entrepreneurship skills. This episode of Making Bank will help you acquire the necessary entrepreneur skills one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Women Entrepreneurs Series.
(2:12) Get Crystal Clear
Marisa Murgatroyd talks about how most entrepreneurs these days do not even know the bare minimum of who they serve, and how what they are doing is different from others. This is the least one should know when it comes to being an entrepreneur.
(6:29) Have No Fear
Ariel Garten talks about how she did not have much fear. She was not afraid of failing. And if she failed, it would be okay, because she would figure it out and do something else which is something we all need to do whenever we want to be successful.
(11:02) Communicating Authentically
Sally Hogshead talks about the various qualities that someone needs to have or follow which allows them to communicate authentically to others. This will help them gain confidence enough in order for them to be able to get their points across without losing anything valuable during the process.
(16:56) Proteins Are The Workhorses In The Cells
Rowena Gates discusses how proteins are the workhorses in the cells. They do everything. She also discussed how their technology adjusts the cellular water in a way that creates a better environment for the proteins to do their fold.
(20:52) It’s Not For Everyone
Scout Sobel talks about how much she enjoys her life as an entrepreneur but at the same time she talks about how all the process you have to undergo in this line of work may not be for everyone. So it is also important to not force yourself into doing something you are not comfortable with.
(23:14) Stop Playing Small
Forbes Riley talks about how most of us always like to play it safe either because we are too scared of failure and sometimes even scared of success. We need to stop doing this because we limit ourselves a lot when we are playing small.
(28:22) Why Businesses Don’t Sell
Michelle Seiler Tucker talks about the various reasons as to why many businesses fail or they cannot sell. She also talks in detail about the reasons on how to counter the failure of a business.
Links:
http://pix.joshfelber.com/LaKZF0cf
Sunday Dec 25, 2022
Sunday Dec 25, 2022
Making Bank: Women Entrepreneurs Series #MakingBank #S7E23
This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need proper entrepreneurship skills. This episode of Making Bank will help you acquire the necessary entrepreneur skills one needs in order to become successful.
Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Women Entrepreneurs Series.
(1:01) Get Crystal Clear
Marisa Murgatroyd talks about how most entrepreneurs these days do not even know the bare minimum of who they serve, and how what they are doing is different from others. This is the least one should know when it comes to being an entrepreneur.
(5:37) Have No Fear
Ariel Garten talks about how she did not have much fear. She was not afraid of failing. And if she failed, it would be okay, because she would figure it out and do something else which is something we all need to do whenever we want to be successful.
(9:29) Communicating Authentically
Sally Hogshead talks about the various qualities that someone needs to have or follow which allows them to communicate authentically to others. This will help them gain confidence enough in order for them to be able to get their points across without losing anything valuable during the process.
(15:12) Proteins Are The Workhorses In The Cells
Rowena Gates discusses how proteins are the workhorses in the cells. They do everything. She also discussed how their technology adjusts the cellular water in a way that creates a better environment for the proteins to do their fold.
(19:23) It’s Not For Everyone
Scout Sobel talks about how much she enjoys her life as an entrepreneur but at the same time she talks about how all the process you have to undergo in this line of work may not be for everyone. So it is also important to not force yourself into doing something you are not comfortable with.
(21:20) Stop Playing Small
Forbes Riley talks about how most of us always like to play it safe either because we are too scared of failure and sometimes even scared of success. We need to stop doing this because we limit ourselves a lot when we are playing small.
(26:54) Why Businesses Don’t Sell
Michelle Seiler Tucker talks about the various reasons as to why many businesses fail or they cannot sell. She also talks in detail about the reasons on how to counter the failure of a business.
Links:
http://pix.joshfelber.com/LaKZF0cf