36:23

In this episode of the Smart Real Estate Coach Podcast, host Chris Prefontaine interviews veteran entrepreneur and sales expert Don Williams. Don shares his 30‑year journey from starting a business with $6,000 to founding multiple companies and becoming a bestselling author. The conversation covers the fundamental differences between W‑2 employment and entrepreneurship, emphasizing tax timing, cash‑flow management, and the two core business imperatives: bringing money in and keeping it from leaving. Don advises listeners to start a side‑hustle while still employed, and stresses the critical role of high‑quality coaching and mentorship. He recounts his first real‑estate acquisition—a 10,000‑sq‑ft office building financed with a rare 10‑year fixed‑rate loan that instantly turned a $7,000 monthly expense into a $3,500 cash‑flow, illustrating the power of buy‑and‑hold strategies. He also discusses personal setbacks such as a costly divorce and delayed property tax payments, highlighting the importance of reputation, disciplined buying rules (1%/1.2% rule), and a long‑term hold mindset. The dialogue delves into mindset versus skillset, the value of hiring world‑class talent, and an abundance‑focused philosophy. Don closes with a stoic quote, promotional offers for free books, a masterclass, and a pitch for REI BlackBook, while providing his contact information for listeners seeking coaching.

Chapters

More from Chris

9:35
youtube.com

6 Types of Buyers for Lease Purchase Deals

1d ago
9:22
youtube.com

Knowledge Is Not Skill (Stop Over-Learning)

4d ago
7:01
youtube.com

The Buyer-Seller Gap Just Got Huge (Creative Investors, Listen)

5d ago
13:17
youtube.com

How To Find Sellers Who Say Yes to Creative Financing

1w ago
21:37
youtube.com

The Next 90 Days Can Change Your Next 10 Years with Chris Prefontaine

1w ago
8:15
youtube.com

Confidence Comes After Action

1w ago
28:55
youtube.com

Wholesaler Turns a "Dead Lead" Into a Subject-To Deal

1w ago
9:53
youtube.com

Money Isn't The Only Tool In Real Estate Investing

2w ago
26:34
youtube.com

Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett

2w ago
5:18
youtube.com

Who Will You Be in 12 Months?

2w ago
11:39
youtube.com

Stop Managing Tenants — Do This Instead ($61K Deal)

2w ago
See all content