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11.18
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MY VENTURE INTO THE WORLD OF REAL ESTATE By Nick Prefontaine
My birthday is Nov. 5, and for this reason, my team thought it would be fitting for me to take some time this month to talk about my journey into the world of real estate. Most of the people reading this article know that Chris Prefontaine is my dad, so it would be fairly easy for me to say that I wanted to work here at Smart Real Estate Coach simply because he did. While that’s true, the real story is far more complex. When I was 14, I got into a snowboard accident that left me in a coma for three weeks. The doctors told my parents that even if I fully came out of the coma, I would have to teach myself how to eat, talk, and walk again. Miraculously, after only two months in inpatient rehabilitation and six months in outpatient rehabilitation, I was able to return to my life, but I did so with a new perspective.
family, if I could go back to that day on the mountain, I wouldn’t change a thing. I honestly don’t remember any stress. This is the result of my parents always keeping me focused on the positive and the goals in front of me. Even while I was in a coma, they kept the doctors from giving them grim news in front of me. That injury taught me so much about myself. I took that knowledge with me on my voyage into real estate. “That injury taught me so much about myself.” When I was 15, I remember digging deck footings for various “raise the roof” projects that my parents were working on. The results of their hard work and success sparked my interest in real estate. In fact, right after I got my driver’s license, my cousin Mike and I went to our first seminar, an ugly house boot camp by Ron LeGrand. We
came back from that trip equipped with basic real estate knowledge and started knocking on the doors of homes that were in the preforeclosure stage. Back in 2005, if homeowners missed mortgage payments, their names went on a Notice of Default list. I would take those lists, go to the houses in question, and talk with the residents. Mike and I spent a few days in San Diego with one of if not the top guys in the country who was having massive success knocking on preforeclosure doors. Observing this taught us exactly what we had to know to help people who, more often than not, were stuck in problematic financial situations. By the end of high school, I was knocking on 50–70 doors a day. After I graduated, I traveled to West Hollywood for an intensive two-day training on real estate investment. I remember flying home from that
While this experience caused severe emotional trauma and stress for my
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With Associate Bill Reich! THE RESULTS O Our team here at Smart Real Estate Coach knows that starting a new business venture can sometimes be a frightening and frustrating experience. Between deciding which pursuit you want to attempt, spending hours doing research, and finding mentors who can actually help
training on a red-eye flight, and the minute I got home, I started the process of getting my real estate license. After I got my license, I was a Realtor for Keller Williams and Experience Real Estate for approximately six years before I started working for my dad at Smart Real Estate Coach in 2014. While I thoroughly enjoyed being a Realtor, working with the rest of our team coaching our Associates through their own deals has been a far more positive and rewarding experience than I ever had working as an agent. Although many of the roles in our company overlap and each team member tackles a variety of tasks, I specialize in marketing our properties, facilitating relationships with new Associates, and educating them on buying and selling on terms. I also specifically work with lease purchasers to get them on the path to homeownership. Over time, I find myself frequently thinking about the path I took to get where I am now. But with my birthday rolling around, I feel more and more thankful for the life I’ve lived, the career I’ve earned, the Associates I’ve met, and the wonderful family I get to work with every single day.
you, you can rack up lots of time and money and still not close any deals. That is where we come in. We know the easiest and quickest ways to help our Associates with their real estate investments because we are in the trenches with them, doing our own deals. One of our top High 6 Associates, Bill Reich, described his own transition into buying and selling on terms:
“I was in commercial and investment real estate for the better part of 30 years. But I was tired of my compensation being tied to the number of hours I physically put into the
– Nick Prefontaine
If you have listened to any of our podcast episodes at SmartRealEstateCoachPodcast.com, you know that our team selects top real estate experts from around the country for Chris to interview. We bring in ‘IN THE M
these experts so our Associates can get a firsthand look at the some of the best insights on the market, ideal investment practices, and trustworthy advice to take their businesses to the next level. Chris has also been featured on other podcasts. Just this July, he was spotlighted on “Renovating Retirement” with Charlie Jewett. Charlie owns Jewett Wealth Management and Insurance Services, an education-based company created to help people make the most of their financial planning and assets. In episode 112 of his podcast, Charlie
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REAL REAL ESTATE business. I had decided that after a long career, I wanted to get into a business that was scalable and get to a point where my compensation wasn’t directly tied to my efforts. I eventually decided that I wanted to learn more about buying and selling real estate on terms. There were a dozen practitioners I decided to follow, and I spent thousands of dollars on their webinars and tapes before I came across Smart Real Estate Coach. I reached out to Chris, and we immediately hit it off. Chris was straightforward with his approach, and it’s clear that he loves to teach people. I have also gotten to work with the rest of his team on so many occasions. I truly believe Chris wouldn’t be where he is without his team — they are talented individuals and the backbone of his company. To learn more about buying and selling on your own terms, visit our website at SmartRealEstateCoach.com and register for our new “On Your Terms” webinar. There’s over 60 minutes of content there, and it’s free. Buying and selling on terms isn’t for everyone, but this webinar will help you decide if it’s a fit for you. DIA’ RENOVATING RETIREMENT WITH CHARLIE JEWETT “I just recently sold my seventh home with three paydays for each one. I have made $700,000 on these deals and am on track to do a million by the end of the year. If you are serious about making money and being good at what you do in real estate investment, working with Smart Real Estate Coach is a no-brainer.”
TAKE A BREAK
Spicy, Creamy SWEET POTATOES
Inspired by The New York Times
INGREDIENTS • 5 pounds sweet potatoes • 1 cup canned coconut milk • 1 tablespoon Thai red curry paste
• 1/2 cup dark brown sugar • 4 tablespoons unsalted butter • 1 tablespoon kosher salt
introduced Chris to his listeners as a resource to help them take an active role in their investing. Charlie explains that while he educates his clients on investment practices through his podcasts and instructional books, Smart Real Estate Coach’s approach allows their Associates to take better control of their finances. “Most of the investments I offer clients are passive, but with Chris and his team, their Associates can have control of how much money they make, and they can make, on average, $75,000 per deal,” says Charlie. Chris uses an example of an Associate who approached him after spending six figures and an entire year working with other real estate investment mentors.
After all the time and money, he still hadn’t completed a deal. He consulted Chris and the team as a last-ditch effort. “He is now approaching $750,000 with us in actual income,” Chris says. If you want to listen to Charlie and Chris’ interview, you can find the episode by going to JewettWealth. com/renovating-retirement, or you can access it on iTunes. Additionally, if you haven’t had a chance to listen to our podcast, be sure to go to SmartRealEstateCoachPodcast.com so you don’t miss out on some great information! The most recent episode features Mark Timm, CEO of Ziglar Family. Mark passionately shares the Zig Ziglar principles that have worked so well for his family to empower millions of other families around the world.
DIRECTIONS
1. Heat oven to 375 F. On a large sheet pan, bake potatoes until very soft, approximately 75 minutes. 2. Let potatoes cool until they are safe to handle, then peel and mash. 3. In a small saucepan over low heat, combine coconut milk and curry paste. Once mixed, add the mixture, salt, half the sugar, and half the butter to potatoes. 4. 30 minutes before serving, heat oven to 425 F. Spread potatoes in a baking dish, cover with foil, and bake for 20 minutes. 5. Uncover potatoes, and dot with remaining butter and sugar. Broil until brown, crusty, and delicious. Serve hot.
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INSIDE THIS ISSUE
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Nick Prefontaine’s Journey Into Real Estate
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The Results of Real Real Estate
‘In the Media’ With Charlie Jewett Spicy, Creamy Sweet Potatoes A Historic Veterans Day
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A HISTORIC VETERANS DAY
COMMEMORATING THE 100TH ANNIVERSARY OF THE END OF WORLD WAR I
This year, Veterans Day takes on particular historic significance: Nov. 11, 2018, marks the 100th anniversary of the armistice that ended the First World War. Countries around the world will commemorate the signing of this peace agreement with moments of silence, centennial ceremonies, and historical exhibits. Unlike Memorial Day, Veterans Day is a celebration of life — It’s a day to honor the power of peace and the living veterans across the globe who have served their countries. This November, take a moment to remember the war that helped shape the international community’s dedication to peace and thank the individuals who served to defend it. THE GREATWAR
The Great War that ravaged Europe resulted in a devastating loss of life, but from those ashes rose a renewed appreciation for the importance of peace and a global effort to ensure its place in the future. THE RESTORATION OF PEACE In 1918, Germany surrendered unconditionally, and the armistice ended the fighting at the 11th hour on the 11th day of the 11th month in 1918, though the war did not officially end until the signing of the Treaty of Versailles the following July. An estimated 16 million soldiers and civilians died in just four years, making it one of the deadliest conflicts in modern history. VETERANS DAY Originally called Armistice Day, Veterans Day was first observed on Nov. 11, 1919, to honor the one-year anniversary of the armistice, and it became a U.S. holiday in 1938. Today, Veterans Day celebrates veterans who served their country honorably. The U.K., France, Australia, and Canada also commemorate their veterans in November. If you know a veteran, thank them for their service this month.
By 1914, a world war had been years in the making, but the assassination of Archduke Franz Ferdinand of the Austro-Hungarian Empire by a Serbian nationalist provided the spark that would eventually burn down much of Europe. A chain reaction of land disputes, pre-emptive attacks, and strategic alliances brought over 30 countries into World War I.
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