Sandwich Leasing—Everything You Need To Know About Being The Middleman

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5 • 681 Ratings

🗓️ 11 October 2018

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of The Art of Passive Income, Mark and Scott talk with Chris Prefontaine—Founder of SmartRealEstateCoach.com and SmartRealEstateCoachPodcast.com. Chris, who has been in real estate for over 25 years has extensive experience in the construction of over 100 plus single family and duplex homes. Plus, he’s owned a realty executive franchise, done 80 million in real estate transactions, and does condo conversions! He mentors, coaches, consults, and partners with students around the country, alongside his family. Chris is also Amazon’s bestselling author of Real Estate On Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash Or Credit. Today, Chris gets into the nuts and bolts of sandwich leasing—being the middleman between the seller and a rent-to-own buyer. Chris buys 3-6 homes a month on terms—Buying them without using his cash, without applying for loans, and without deposits on a lease purchase or owner financing option. Listen in as Chris delves into: The lease purchase process The lease-end turnaround process to sell as a rent-to-own Why it makes sense for a homeowner to sell to a middleman Finding the deals How much capital needed on the turnaround sell for repairs or upgrades Things that can go wrong Plus, Chris walks us through a case study of his last deal! Without being able to poke any holes into Chris’s niche, both Mark and Scott lose all focus and come down with a severe case of shiny object syndrome. But in the end, each agrees that there’s no niche like land. If you're hungry for real estate, you don't want to miss this episode! TIP OF THE WEEK Mark: Learn more about Chris by going to his website at SmartRealEstateCoach.com. Scott: Check out the service called FreshChat at FreshWorks.com. It's live chat software on multiple channels. Chris: Reach high with a mentor. Also, read the book, There's a Customer Born Every Minute: P.T. Barnum's Secrets to Business Success by Joe Vitale. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0	Do you have solo economic dependency?
0:03.2	That is, if you aren't working, you aren't making money.
0:06.6	The art of passive income podcast is the solution.
0:10.3	Discover passive income models so you can enjoy life on your own terms.
0:15.2	Let freedom ring.
0:17.7	Hey, it's Mark Podoska, The Land Geek, with their favorite niche real estate website,
0:21.3	www.wet.w.com.
0:25.3	And today's guest, I'm going to put on my Anchorman voice, is a big deal.
0:28.6	But before we talk to our guests, I will be remiss.
0:32.0	If I didn't properly introduce my co-host, you know him, you love him.
0:36.1	Six Sigma, Scott Todd from Scottodod.net, landmoto.com.
0:42.8	And most importantly, if not automating your Tregs list and your Facebook postings, postingdomination.com
0:47.9	for slash the land geek. Scott Todd, are you ready for this? Mark, I cannot wait for this one.
0:54.2	I'm really excited for today's guests.
0:56.4	Before we talk to our guest, though,
0:58.7	just want to remind everybody today's podcast
1:00.4	is sponsored by geekpay.io,
1:03.3	the only set it and forget it system
1:05.1	to manage all your notes,
1:07.4	private lending, private notes,
1:09.2	whatever it is.
1:10.2	It's amazing. And your first note is free to play notes, whatever it is. It's amazing.
	...

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