The Craziest Real Estate Deal We've Ever Done: Crime Scene Cleanup, JV Chaos & A Wild Creative Exit | Real Estate Investing Canada | Alberta Real Estate Investing Morning Show podcast

🎧 The Craziest Real Estate Deal We've Ever Done: Crime Scene Cleanup, JV Chaos & a Wild Creative Exit

Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

🧠 What You'll Learn in This Episode

How a random phone call from an old hockey buddy led to a boarded-up, shut-down property
Why Alberta Health Services deemed the home uninhabitable
How we acquired the property using a Vendor Take Back mortgage at 3%
The exact renovation plan and how a JV partnership went sideways fast
How poor finishing work nearly destroyed $100,000 in profit
The creative exit strategy that saved the deal — including:
- Selling via Agreement for Sale as the seller
- Charging the buyer 5.5% interest while only paying ~3%
- Creating $750/month cash flow with zero tenants
- Recovering all trapped capital after a 36-month term
How this deal taught us everything about partnerships, roles, responsibilities, and risk
Why Wayne says: "I would never do this deal again… but I'm glad we did."

👥 About Your Hosts

Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning with real stories, coaching moments, and tactical investing advice.

💡 Resources & Contact

Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & tax help: www.finngo.com/rei Submit a question: [email protected]

🔥 Buy Wayne's Book – The 5% Rule™ (Real Estate Cash Flow Test): https://a.co/d/7pDlPZh

🤝 Thanks to Our Sponsors

🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584

🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca

📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei

💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected]

🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected]

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The Craziest Real Estate Deal We've Ever Done: Crime Scene Cleanup, JV Chaos & a Wild Creative Exit | Real Estate Investing Canada | Alberta

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