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In this episode of the Path to Passive podcast, Steven Arita sits down with Wayne Courreges III, the managing principal of CREI Partners. Wayne talks about his journey, from his time in the Marine Corps to working at CBRE, and how he eventually made the leap into real estate investing. He explains the differences between single-family and multifamily properties and why taking care of your investments is key to long-term success.

The discussion also dives into leadership and teamwork in real estate. Wayne shares the values that guide his company—R.I.D.G.E. (Respect, Integrity, Dependability, Grit, and Execution)—and how those principles shape the way they make decisions and run the business. He and Steven also talk about the ups and downs of investing, the role of mentorship and learning, and why having a strong business plan is essential. They also touch on the importance of building trust with investors and keeping communication open and honest.

Wayne goes beyond business and shares lessons he’s learned as a father and a leader. His time in the Marine Corps has shaped how he leads and works with others, and he brings those lessons into his real estate career. This episode is full of practical advice on managing assets, working with investors, and finding your passion on the path to entrepreneurship.

Connect with Wayne:
Wayne@CREIPartners.com

Learn more about passive investing: http://CREIPartners.com/ebook


Episode highlights:
(0:00) Intro
(1:06) Who is Wayne Courreges III?
(3:03) Transitioning from the Marine Corps to real estate investing
(8:04) Challenges with single-family investing
(18:56) Asset management vs. property management
(27:36) The role of asset management in multifamily investments
(35:11) The importance of partnerships in real estate
(48:43) Core values and company culture
(58:12) The role of investor relations
(1:03:02) Lessons learned and sacrifices made in real estate
(1:07:12) Where to connect with Wayne
(1:08:01) Outro

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For more resources and guides, check these out:

• Investor 101 https://www.aritacapital.com/investor-101-resource/#
• Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/

If you want to learn more, reach out at:

Email: steven@aritacapital.com

LinkedIn: https://www.linkedin.com/in/aritasteven/

IG: https://www.instagram.com/the.real.arita

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In today’s episode of the Path to Passive podcast, Stephen Arita sits down with Jeff King, an insurance expert from Ramey King Insurance, to discuss why having the right insurance is crucial for anyone investing in multifamily real estate. Jeff talks about how solid coverage not only protects your property but also helps keep your investment on track for long-term success.

They dive into the basics of multifamily insurance—like why it's so important to work with an agent who understands commercial real estate, the different types of coverage you might need, and how banks use your insurance when deciding on loan approvals. Jeff also points out some common mistakes, such as overlooking the age of the roof or wiring, and explains the financial risks of underinsuring your property.

They also cover common claims in multifamily properties, from fires and weather damage to slip-and-fall accidents or tenant issues. Jeff explains how insurance rates can change over time, what loss runs are and how to use them, and why asset managers should regularly review their policies to ensure they’re still properly covered.

Learn more about Jeff:
https://www.rameyking.com
940-382-9691



Episode highlights:
(0:00) Intro
(2:33) Jeff King and Ramey King Insurance
(5:05) Key differences between single-family and multifamily insurance
(7:52) The role of a commercial insurance agent
(8:37) Roof age, wiring, and structural concerns
(15:10) Understanding replacement costs and coverage limits
(18:39) Deductibles and bank insurance requirements
(23:11) How banks factor insurance into loans
(28:59) The insurance quote process and timeline
(38:41) Why insurance rates change over time
(43:03) The backend dynamics
(46:42) Common claims in multifamily properties
(51:07) Common mistakes GP teams make with insurance
(56:43) Key insurance questions LPs should ask GPs
(1:04:20) How to connect with Jeff King and Ramey King Insurance
(1:05:11) Outro

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Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences.

For more resources and guides, check these out:

• Investor 101 https://www.aritacapital.com/investor-101-resource/#
• Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/

If you want to learn more, reach out at:

Email: steven@aritacapital.com

LinkedIn: https://www.linkedin.com/in/aritasteven/

IG: https://www.instagram.com/the.real.arita

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In this episode, Steven Arita chats with Chris Prefontaine, an experienced real estate investor and coach, about the power of creative financing in building lasting wealth. Chris takes us through his journey, from starting in real estate in 1991 to surviving the 2008 crash, and eventually building a successful family business focused on buying and selling properties without relying on traditional banks.

Chris walks us through the three main ways his company acquires properties: owner financing, subject-to deals, and lease purchases. He explains how each method works, the advantages over traditional investing, and offers advice for tech professionals looking for passive income. He also stresses the importance of mentorship, sticking with a proven strategy for at least three years, and surrounding yourself with the right support to stay on track.

In addition, Chris talks about leadership, growing a business, and why staying true to your core values is key to success in both your personal and professional life. He shares his thoughts on mastermind groups, finding the right mentors, and structuring a business that aligns with your long-term vision. Whether you're looking to make the leap from a corporate job to real estate or simply want smarter ways to invest, this episode is filled with valuable, actionable advice.

Learn more about Chris:
https://smartrealestatecoach.com/

Check out Chris’s free book offer: wickedsmartbooks.com/stevenarita


Episode highlights:
(0:00) Intro
(1:33) Chris’s early days in real estate and the 2008 crash
(4:28) The “time to first deal” model and the “three paydays” strategy
(10:33) Breaking down the subject-to, owner financing, and lease purchase strategies
(14:57) Why do sellers agree to creative financing deals?
(21:46) The role of masterminds and mentorship in business growth
(26:33) Setting goals and adapting strategies in business
(32:46) The role of core values in business and personal life
(37:06) Advice for parents on building generational wealth
(39:59) The importance of committing to a strategy for at least three years
(43:06) Where to find Chris’s resources
(43:45) Outro

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Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences.

For more resources and guides, check these out:

• Investor 101 https://www.aritacapital.com/investor-101-resource/#
• Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/

If you want to learn more, reach out at:

Email: steven@aritacapital.com

LinkedIn: https://www.linkedin.com/in/aritasteven/

IG: https://www.instagram.com/the.real.arita