Episode 503: Closing a $26K Creative Finance Deal While Working Full-Time with David Albin

Episode 503: Closing a $26K Creative Finance Deal While Working Full-Time with David Albin

Author: Chris Prefontaine April 16, 2025 Duration: 38:28

In this special FamilyCast episode, I sit down with David Albin, a high-performing member of our Wicked Smart® community who just closed his first creative real estate deal—while juggling a demanding W-2 job and family life.

 

David brings a unique background to the table: 26 years in the military, 25 years in corporate accounting, and now he's diving head-first into real estate investing using creative financing. If you've ever wondered, "Can I actually do this while working full time?" or "What happens after my first deal?"—this is your episode.

 

We break down the real estate deal from start to finish, including how David landed the seller, how he sifted through buyers, and how he confidently closed a $26,000 payday—without ever owning the home. Plus, we unpack the incredible support system that helped him get there.

 

Key Talking Points of the Episode

 

00:00 Introduction

01:30 Who is David Albin?

04:30 Why David decided to join the Wicked Smart community in 2023

06:00 How David incorporates real estate into his schedule

07:15 How the goal to supplement retirement grew 

08:25 The power of community and camaraderie

11:20 What makes live events like QLS and In the Trenches so impactful
14:16 David's first creative deal

16:46 Switching from owner financing to assign out

18:11 Listing the property and getting flooded with buyer inquiries
21:51 How Nick and the team helped him vet buyers using Next Step forms
26:49 REI BlackBook, tracking, and scripting for your deals

28:00 Building confidence through the support from the community

32:02 Lessons learned from the first deal
35:09 Why you need to get to the next live event: QLS Live 2024

Quotables

 

"This started as a side hustle to build retirement savings. But once I did the first deal, I realized—it could replace the W-2."

 

"I felt like I was drowning at first. But once I got the scripts and the support, it clicked—and the deal closed fast."

 

"Getting to $26K on a property I never owned… that'll change how you think about income."

 

Links

 

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

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