Alareia Master Class

Chris Prefontaine from Rhode Island joins Brian today to talk about creative deal structures (subject to, lease option, owner financing). This is a niche in real estate that hasn’t been discussed as much on the podcast. In this episode, Chris talks about his pivot into “terms” real estate. He talks about his company’s process, some important things to watch out for when created agreements, as well as how this type of investing differs from wholesaling or rehabbing.   Key Takeaways:   [1:43] Chris operates a family company out of Newport, RI. They buy and sell homes every month on terms (no banks). They sell throughout Rhode Island, Massachusetts, and Connecticut. In addition to the local company, they have students across the country that they help sell on terms the same way they do at the company. [3:20] Chris started in the real estate business by going to landowners, putting a sign in their yard, package a finished house with a builder, and then sell the whole thing. Without knowing it, they were doing eve