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Home » Resources » Millionaire in the Making – Chris Prefontaine

Millionaire in the Making – Chris Prefontaine

Posted on February 15, 2016 by Debbie

Hi Ron- Happy weekend!

I just solidified a deal for my IRA-owned LLC (your coaching) to pay $10,000 down to a guy $7k in arrears and $335k at close out/financing of buyer.

ARV is $400k

I have it sold with a 9-15 month cash out for $400k

$55k right into ye ‘ol IRA

It would never have happened if (a) I didn’t get debt free last year thereby “needing” no cash monthly to speak of like I used to when I lived to large, and (b) you didn’t teach me how to have my wife and I’s IRA’s own an LLC to run deals through.

Thanks,

Chris

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6 Responses to Millionaire in the Making – Chris Prefontaine

Dean Lemont says:

Over a year ago at 5:45 pm

Nice work! Congrats!!

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Fernando Ceballos says:

Over a year ago at 10:59 pm

Excellent.

Reply
Trevor Morgan says:

Over a year ago at 1:16 pm

Love student stories! More, please

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John Lepkowicz says:

Over a year ago at 2:52 pm

Congratulations!!!

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Tony and Angie Stewart says:

Over a year ago at 3:17 pm

And the best part is that it is tax free! Congratulations and way to go getting this deal! Keep it up!

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Robert Straker says:

2 months ago at 6:48 pm

Hello Chris, thanks for the great success story! It is very inspiring and well worth reading. Your deal is quite motivational, and wow the big $55,000 profit. Keep on investing, moving forward and make us all proud of you and your investing experiences. Take care.

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