Property Profits Real Estate Podcast
Business:Investing
Find out about an investment strategy that brings profit with low/no money down payment, learn about how to get deals falling into your lap without having to follow the shiny ball syndrome, and discover how increasing value results to increased ROI.
Resources/Links
Summary:
Wayne Hillier has been investing in real estate since 2013 in the Edmonton, Alberta Market. He is focusing on buy and hold and creative real estate strategies including Rent to Own and Agreement for Sales. He’s also the host of the Real Estate Investor Dad Podcast.
In this episode, Wayne shares about where his primary focus is in real estate and how he earns profit from it, and how he manages risk as well. He’ll let you in on how he, in his own words, has deals ‘fall in his lap’, not to mention how he leads a balanced work-life with his family despite being busy in real estate.
Topics Covered:
01:18 – What is an ‘agreement for sale’ all about and how does it exactly work
02:13 – Why do sellers’ resort to ‘agreement for sale’
03:37 – What happens to the seller’s mortgage with an ‘agreement for sale’
04:29 – How to make sure mortgage is being paid by the seller in an ‘agreement for sale’
06:24 – How he got started in real estate
08:30 – What is his philosophy about real estate investing
10:31 – What is BRRRR strategy
11:45 – How does he find good deals
13:45 – What does a work-life balance look like for him
Key Takeaways:
“With ‘Agreement for Sale’ we get all the benefits of the mortgage we paid them. We get all the benefits of appreciation, cash flow, everything. It’s almost like a delayed title transfer. They’re going to keep it in their name but we get all the benefits from the property.” – Wayne Hillier
“The perfect BRRRR is getting all of your investment and all of your renovation money out. It dramatically increases your ROI so you can recycle your money continuously and repeat the process over and over and over again.” – Wayne Hillier
“It’s best practice to focus on one thing and not to follow the shiny ball syndrome or the shiny items in them.” – Wayne Hillier
“If someone says, ‘I’ve got this rental property’, ‘I can’t do anything with it’, or ‘I’ve got this house that needs a little bit of work’ – I proposed to them what I think would be the best outcome for them as well as for me. And we make it happen.” – Wayne Hillier
Connect with Wayne Hillier:
Connect with Dave Dubeau:
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Surviving 2008 and Bouncing Back Huge with Henry Munguia
Development Prospects with Spencer Brown
BRRSTR to Become Nomadic Investors with Daniel & Donalta Hall
Rural Ontario Investing with Elverne & Sharon Martin
Student Rental Roots to Commercial with Ping Hsu
Solving the Main Problems of REI with Josh Balsam
Navigating Ontario Cashflow with Andrew Parashis
Redefining Wholesaling with Carlos Garcia
Solid Investments thru Notes with Nick Disney
Real Estate start early with Alan Siebenaler
Infinite Plus Creative Finance David Jessee
Legacy and Starting Today with Gildas Dossa
16k Creative Options with John Jackson
Money is in the Dirt with Josh Martin
Master the Slow Flip with Chris Bounds
12.23 Make Land Great Again with Justin Sliva
12.22 Profits on Purpose with Nathan Haley
Perfect Brrr and a Baby with Amanda Pope
Finance Savvy Sherif with Chris Martinez
Miltary Mindset Landlord with Andre Denommee
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast