Episode 87 - Creative Investing Strategies & Understanding the Edmonton Market w/Wayne Hillier

Published: Oct. 28, 2020, 9:13 p.m.

b'

Gary chats with Edmonton-based Wayne Hillier, host of the Real Estate Investor Dad Podcast. He has been an investor with partner and wife Gabrielle since 2013. Gabrielle leads the investment team, while Wayne primarily focusses on the podcast and mentoring, while their 5 year old daughter plays a big part of this business! They have successfully integrated their business and their family life, to ensure that the work/life balance is in check. They started with Buy/Hold, then moved into Joint ventures, then adding secondary suites, then into Agreement for sales, etc, leading to a large toolbox of strategies implemented daily, that turned into a nice portfolio. For Wayne now, it\\u2019s all about Work/Life balance and helping other investors turbo charge their entry into the investing arena!

What you\'ll learn:

  • Gary provides a current market update - what does rolling back to a modified Stage 2 mean to investors, and the markets?
  • How YOU can get into investing with NO money down, and ZERO credit!
  • What\\u2019s happening in the Edmonton market
  • They chatted about VTB\\u2019s - Vendor Take Back mortgages
  • Agreements of sale and how Wayne uses them to his advantage
  • Suited properties vs. Duplex
  • Wayne provides insight on the benefits of mindset (a recurring theme on this show!)
  • Why you should also listen to Wayne\\u2019s show, to just learn about trends and market performance in other markets
  • Why your experiences in your local bubble might change your perception when learning of other market experiences
  • Why a lot of new investors have the same or similar excuses and how they have overcome and persevered to SUCCEED! - What did they do differently to succeed, and what you can learn from it.
  • The power of networking, hanging out with successful people and mirroring their successes, and learning from their failures
  • Why Wayne feels the Edmonton market is not \\u2018sexy\\u2019 but predictable!
  • Why Wayne focusses on cash flow - expenses, deferred maintenance, if you don\\u2019t have cash flow or a reserve fund like a normal business, you\\u2019ll have to put out your own money and potential set you up for failure!
  • Treat it like a business, even if you only have 1 property and it\\u2019s a 1 bedroom condo
  • They talk about rents in Edmonton as well, and the costs of renovations
  • Coaching and mentoring - what\\u2019s the difference? Why does Wayne love one and \\u2018hate\\u2019 the other?
  • BE CLEAR on what you want at the end - WHY are you investing? How many doors do you want?
  • Focus is everything
  • Find out more about Wayne\\u2019s mentoring retreat in November at the link below!
  • And MORE!

Wayne\\u2019s Bio

Wayne is a real estate investor, a dad, and a podcaster in Edmonton, Alberta.

Specializing in creative investing strategies like Agreement for Sales, Rent to Own and VTBs.

He\\u2019s also the founder and CEO of Murabaha Homes. Canada\\u2019s only Sharia-Compliant, Islamic Seller Financing Institution.

Website: www.murabahahomes.com & www.prairiehomeinvestments.com

Retreat: www.rei-cabin-retreat.com/register

Facebook: www.facebook.com/waynehillier

Insta: @real.estate.investor.dad

Real Estate Investor Dad Podcast: https://podcasts.apple.com/ca/podcast/real-estate-investor-dad-podcast-investing-investment/id1474403526 \\u2028

Please a leave a review, as it helps Gary understand if he\\u2019s bringing on the right guests that you want to hear from!

Interested in learning more about Real Estate Investing? Visit\\xa0https://www.smarthomechoice.ca

'