How to Buy Real Estate on Your Terms with Chris Prefontaine

Don’t just get paid on a deal once. 

By putting the right system in place, you can actually get money on a deal now, then continue to get paid monthly, and ultimately, cash it out down the road as you’re building your wealth.

Get money now, money over time, and money long-term. 

Real estate investor Chris Prefontaine shares how you can get paid on a deal three times through the system he developed called the 3 Paydays – and see if this is something that you can do for your own business!

The 3 Paydays

Every time you do a deal, there’s always cash upfront. Buyers going into a home are buyers that need time. They come in with a downpayment and they just can't get a loan yet. Then you can pay top price if you can get your term. That's the magic of it because sellers love that you're not lowballing them. 

The second payday comes when you’re receiving money monthly. You pay an underlying debt on the property or to the seller, and then collect that from the buyer on a monthly basis. 

Finally, your third payday is from all of the principal paydown throughout the term, plus your markup. You can take an existing sandwich lease or an existing lease and you change the terms of the sale that’s beneficial to both parties so you can wealth-stack and push them out after you’ve solved the cash flow needs.

At the end of the day, it’s all about the return on investment. And while you don't have to have a college degree or an advanced degree to do this,, you have to be ready to do the work and put the right system in place.

If you want to learn more about how to buy real estate on your own terms, check out www.trustgreene.com/podcast/zen/023.