How large a spread do you need to justify a deal? | Q&A Thursdays

This was another question sent in from one of our viewers: They asked us how much money should you get monthly in order to justify taking or staying in a deal. Chris goes through a few nuances of Payday 2s, and also dishes out a bit of his overall philosophy on the monthly spread and how it should affect whether or not you take a deal. For the complete answer, give the video a watch and then let us know if you have a comment below or a question of your own that you’d like answered.

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Real Estate Investing Coach & Mentor Chris Prefontaine

Smart Real Estate Coach gives investors the step-by-step education and proven tools they need from one of the nation’s top-producing investors. Put your real estate investing career into high gear with our proven “business in a box.”

Chris, an expert in lease purchase and rent-to-own for buyers, has been in real estate for 25 years. He has built over 100+ single family homes (1990s), has owned a Realty Executives Franchise (Massachusetts, 1994-2000), and eventually sold his brokerage business as a REALTOR® to Coldwell Banker in 2000. The 2000s included coaching people throughout US and Canada and doing condo conversions (multi-family homes to condos) and “raise the roof” projects (converting single-family ranches to colonials in growth neighborhoods).

Chris has been a student of Ron Legrand since 2005 and has completed Ron’s Masters’ Program, participated in two high-end mastermind groups ($25,000 each) personally with Ron. He also does JV deals with Ron for the $1mil + properties. Chris’ company Pre Property Solutions buys between 3-10 properties monthly and a large percentage of those are done via lease/options, as well as selling via Sandwich lease. Chris also coaches others throughout the country to do the same. He has a passion for helping others in allowing them to grow to their full potential.

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