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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

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  2. How to Build An Investment Empire Without Lines of Credit, Debt & Large Deposits w/Chris Prefontaine

How to Build An Investment Empire Without Lines of Credit, Debt & Large Deposits w/Chris Prefontaine

Aug 29, 2019

Money is the biggest obstacle for most hopeful investors, along with the belief that every investing model requires lots of it. How can we get into a model that doesn’t require a lot of money out of our pockets? Why is this model a great way to take advantage of a downturn? How can we protect ourselves from the risks associated with the model?

On this episode, I’m joined by successful investor, best-selling author of Real Estate on Your Terms, and founder of SmartRealEstateCoach.com, Chris Prefontaine. He shares on his no-credit investing business, and some of the obstacles he faced on his journey. 


Real estate is not all smooth sailing and there will be headaches, even if you’re doing everything right. All you can do is prepare for that. -Chris Prefontaine

 

Three Things We Learned

Why the owner financing/lease-to-buy model is recession-proof

While people believe wholesaling works, when the market dries up and cash buyers start to dwindle, it will become a challenge to keep it going. The owner financing/lease-to-buy model isn’t just downturn-proof, it thrives in a down market. It can position us perfectly, because we can be the solution for sellers who want out but can’t sell, and people who want housing but can’t get a bank loan. 

 

How to protect ourselves from lease-buyer defaults 

All businesses have headaches, and owner financing /lease-to-buy model is no different. 1-5% of the people will default, even if we’re doing everything right. A life event will always happen, but we can protect ourselves by having lines of credit set up, just in case. 

 

Creative ways to attend high-price mastermind events 

Joining a mastermind can be expensive, but we shouldn’t let the lack of money stop us from attending. We can find ways to pay for the mastermind through the help of people with more resources. We can also offer to donate our time to a mastermind, helping out with the event, in exchange for attending. 

 

There are so many ways to get into real estate investing, even if you don’t have access to money for bigger deals like buy-and-holds and fix-and-flips. The owner financing /lease-to-buy model is great for cash-strapped investors who are still new to the business. A great bonus is that it’s a great model to use when markets are softening like right now. Ultimately, this deal structure is a great reminder that money doesn’t have to be a huge obstacle in us achieving our goals, if we know where the opportunities are.