Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

No Matter Your Story, You CAN Do Real Estate Investing! #shorts

25 Feb 2025 · 1 min

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In this short, the speaker recounts how, despite having no cash for a coaching program, he leveraged $17,000 of equity from a townhouse he bought two years earlier to fund his entry into real‑estate wholesaling. He allocated $5,000 to a coaching program that taught him to close his first wholesale deal within 90 days, earning $5,000, and used $6,000 for direct‑mail marketing and LLC formation. That first year he completed ten deals averaging around $70,000 each, establishing a solid foundation. His partner quit her job to join the business, and over the next 7‑8 years they expanded into multiple markets, completing roughly 450 off‑market, wholesale, and flip deals and generating about $10 million in gross profit.

Chapters

I had no money to really pay for the coaching or to dive into my wholesaling business, but I had a house that I just bought 2 years earlier. So I sold that townhouse at $17,000 in equity, $6,000 paid off some credit card debt. I took $11,000, $5,000 of which bought me into a coaching program which taught me how to wholesale my first house in 90 days. I made $5,000 off that. The $6,000 was, you know, the direct mail spend, my contracts to form my LLC. But that year we went on to do 10 deals of like $70-something thousand. And that rebuilt the foundation of something great. My wife now, my girlfriend at the time, she quit her job, she came in, and then we've gone on to now where we stand. We've done over about 450 off-market deals, wholesales, old deals, you know, flips and everything else in between over the last, you know, 7, 8 years. We've built in multiple markets and we've hit about $10 million in gross profits.