S2E33 – Chris Prefontaine – How to create 3 income streams from 1 property

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Chris Prefontaine Chris Prefontaine – How to create 3 income streams from 1 property  My next guest has been a real estate investor for 31 years. If you’re looking to create recurring revenue through real estate, this episode is for you. We specifically discuss how his investment strategy compares to flipping, how you get started part-time, and realistic returns. Please welcome Chris Prefontaine key timecodes (0:51) – Background history (01:53) – His real estate business model (04:34) –  How does he make money? (07:41) – What are his financing sources? (09:46) – How to create a part-time business to create residual revenue (11:37) –  Strategy to build long-term savings (16:06) – The importance of his support team (17:05) –  Numbers that matter to his business model revenue (19:54) – The worst investment advice he ever received (20:23) – The best investment advice he ever received (21:34) –  His book and his contacts