Episode 500: Lessons & the Power of the Creative Real Estate Investing to Build Wealth

Episode 500: Lessons & the Power of the Creative Real Estate Investing to Build Wealth

Author: Chris Prefontaine March 26, 2025 Duration: 40:13

This episode is a special one, Wicked Smart listeners—episode 500! And to mark the occasion, we're flipping the script. I step into the hot seat while three of our top Wicked Smart Coaches—Russell Ham, Mike Makredes, and Rick Abbiati—take over and put me on the spot with questions that dig deep into the journey, the lessons, and the long game of building a creative real estate business.We cover everything from how I'd start over today, to managing market shifts, scaling with the right hires, and why I believe so strongly in coaching. Whether you're brand new or you've been grinding for years, you'll hear hard-earned insight and practical tips that can help you go further, faster—with fewer bumps along the way.

Timeline Summary
[0:00] - Introduction
[1:32] - How the creative real estate landscape has shifted—and why adaptability is key
[3:02] - Why market changes don't mean pivoting entirely, but shifting your approach
[7:03] - The two hires I'd make on day one if I were starting over
[10:32] - What kept me moving forward when everything felt like it was falling apart
[15:45] - Stacking consistent habits vs. chasing shiny objects in real estate
[18:13] - How I decide whether to cash out or hold long-term on a deal
[23:24] - Why owner financing is still my favorite strategy for building wealth
[27:57] - How coaching has impacted the business—and the personal growth of our team
[34:00] - Our coaches share their transformations and biggest breakthroughs
[37:39] - Looking ahead to QLS Live 2025 and what we're bringing to Boston

 

5 Key Takeaways:


1. Adaptability is everything: Real estate markets shift, but success comes from knowing how to fish in new ponds—not switching your whole strategy.


2. Start with support: If I had to start over, I'd hire an executive assistant and a VA from day one to stay focused on high-value activities.


3. Stack before you pivot: Master one niche before jumping into another. Consistency always beats jumping from shiny object to shiny object.


4. Coaching isn't just about deals: Coaching accelerates your growth, sharpens your skills, and gives you the confidence to lead.


5. Owner financing is a wealth builder: It may be harder to understand at first, but when structured right, it delivers six-figure paydays and long-term wins.


LinksReal Estate Junkies:

Coast 2 Coast
https://podcasts.apple.com/us/podcast/real-estate-junkies-coast-2-coast/id1747965666

Episode 103: From Full-Time Job, 12 Hour Days to Full-Time Investor, with Mike Makredes
https://sites.libsyn.com/101440/episode-103-from-full-time-job-12-hour-days-to-full-time-investor-with-mike-makredes

Episode 371: Kickstarting Your Career in Creative Real Estate, with Rick Abbiati
https://smartrealestatecoach.com/podcasts/rick-abbiati/

Episode 402: Creating a Gameplan, with Russell Ham
https://smartrealestatecoach.com/podcasts/russell-ham-02/

Episode 466: Creative Real Estate Investing Strategies from a Professional with Russell Ham
https://podcasts.apple.com/hr/podcast/episode-466-creative-real-estate-investing-strategies/id1266331428?i=1000663909186

Episode 461: $90,000 Real Estate Payday! with Rick Abbiati
https://podcasts.apple.com/ph/podcast/episode-461-%2490-000-real-estate-payday-with-rick-abbiati/id1266331428?i=1000660303869

Episode 490: $1 Million in 4 Years with the 3 PayDay® Systems with Rick Abbiati
https://podcasts.apple.com/au/podcast/episode-490-%241-million-in-4-years-with-the-3/id1266331428?i=1000684073041

QLS Live
https://qlslive.com

Real Estate On Your Terms and Deal Structure Overtime
https://wickedsmartbooks.com/podcast

FREE Master's Class
http://smartrealestatecoach.com/masterspodcast

FREE Strategy Session with Chris Pre
http://smartrealestatecoach.com/actionpodcast

QLS 4.0
https://smartrealestatecoach.com/qlspodcast

Investor Resources
https://smartrealestatecoach.com/resources

Apprentice Program
https://smartrealestatecoach.com/apprenticepodcast

In the Trenches Bootcamp
https://smartrealestatecoach.com/ittbpodcast

3 Paydays Virtual Event
https://smartrealestatecoach.com/3paydayspodcast

REI Blackbook
https://smartrealestatecoach.com/REIBB-DD

7 Figures Funding
https://smartrealestatecoach.com/7figures-pod


Hosted by Chris Prefontaine, The Smart Real Estate Coach Podcast is a resource built on more than three decades of practical experience in the property market. This isn't about abstract theory; it's a direct conversation focused on actionable strategies for building wealth through real estate investing. Each episode draws from a deep well of knowledge and a vast network of experts and successful associates, translating complex concepts into clear steps you can apply. Whether you're evaluating your first deal or looking to scale a substantial portfolio, the discussions here are designed to provide the tools, education, and mindset shifts necessary to advance. You'll hear candid breakdowns of market trends, financing techniques, and the often-overlooked personal disciplines required for long-term success. The aim is to cut through the noise and offer substantive guidance for taking control of your financial trajectory. Tune in for a straightforward and experienced perspective on navigating the realities of property investment.
Author: Language: English Episodes: 100

The Smart Real Estate Coach Podcast|Real Estate Investing
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