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Real Estate Runway - Chad Sutton - Insta
131: Rent to Own: Doing Well While Doing Good
Jun 15,2023 32 min
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Episode Description

In a world filled with adversity, Nick Prefontaine's remarkable journey stands as a testament to the indomitable human spirit. From the depths of despair to soaring triumph, Nick's story is one of unwavering resilience, determination, and unyielding dedication.

Join us on the Real Estate Runway Podcast as Nick shares his unique journey, his proprietary systems for finding tenants, and his ability to help others through trauma. Don't miss this inspiring conversation and get an inside look at his book, "The New Rules of Real Estate Investing."

Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!

[00:00 - 08:13] Nick Prefontaine's Inspiring Journey to Recovery

  • Nick Prefontaine experienced a life-altering snowboarding accident at the age of 14, which led to the doctors informing him that he would never walk again

  • He defied the odds and made a remarkable recovery, running out of the hospital with determination in his heart

  • Following the accident, Nick had to undergo the process of relearning basic activities such as taking a shower and going to the bathroom.

  • Nick devoted his life to assisting others through the establishment of rent-to-own properties, where he not only helps people but also benefits as an investor

[08:13 - 16:33] Real Estate Journey: Empathy, Debt, and Door-to-Door Assistance

  • He grew up in a family immersed in the real estate business, receiving firsthand exposure to the industry from an early age

  • Inspired by influential books such as "Rich Dad, Poor Dad" and "Cashflow Quadrant," he gained valuable insights into finance and wealth creation

  • With a genuine desire to assist those struggling with their mortgages, he embarked on a mission to knock on doors and offer help to those who were behind on their payments

  • In March 2008, he obtained his real estate license, marking a significant milestone in his professional journey

  • He witnessed the distressing experiences of his father being harassed by creditors and lenders due to debt, further deepening his understanding of the challenges associated with financial obligations

[16:34 - 24:14] Expanding Horizons: Navigating Property Transactions and Empowering Buyers

  • He engaged in buying and selling properties both within the local market and across the country, expanding his reach and opportunities

  • Guided by an altruistic business model, he prioritized the success and well-being of buyers, aiming for their prosperity in every transaction

  • He sought out properties from expired or withdrawn MLS listings, identifying potential opportunities in the market

  • Employing various strategies such as lease options, rent-to-own agreements, subject-to-existing loans, and paying a premium to avoid debt

  • Utilizing a capital-minimizing approach on the front end, he optimized his investments and reduced financial risks

[24:14 - 32:21] Unveiling a Proven Real Estate System and Personal Support

  • He developed a comprehensive system aimed at assisting buyers in successfully reaching their real estate investment goals

  • Leveraging the lessons learned from trial and error, he refined a buying process that consistently delivers positive results

  • Nick possesses a unique ability to provide support and guidance to individuals navigating trauma, life crises, or tragedies

  • He firmly believes that failure only occurs when one gives up, emphasizing the importance of perseverance and resilience

  • As a special offering to listeners, he co-authored a book titled "The New Rules of Real Estate Investing," which provides valuable insights and knowledge

Quotes:

"I don't look at anything as a failure. They're all learning experiences because failure only happens if I stop." - Nick Prefontaine

Connect with Nick through LinkedIn and Facebook, or visit http://www.smartrealestatecoach.com, https://nickprefontaine.com/step

Resources Mentioned:

Free book: https://wickedsmartbooks.com/chad

https://franciscanchildrens.org/

LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.

Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

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