🎧 How Joint Venture Splits Actually Work (And Why Most Investors Get It Wrong) – Part 1
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

Today's episode was sparked by a listener email from a newer investor navigating their first real joint venture conversation… and realizing they couldn't confidently explain how the profit splits actually work.

If you've ever hesitated when someone asked, "Wait… how does this really work?" — this episode is for you.

Wayne breaks down:

• How joint venture profit splits actually work

• What happens at sale

• What happens during refinances

• How cash flow is typically handled

• The biggest misconception new investors (and their spouses) have

• Why understanding this deeply changes your confidence in JV conversations

And yes… this is Part 1. We're continuing tomorrow.

🧠 What You'll Learn in This Episode

• The 3 profit centers in a joint venture: cash flow, refinance proceeds, and sale proceeds

• Why the capital partner does NOT split their original investment 50/50

• How equity is treated when a property is sold

• Two different ways to handle refinance proceeds

• Why Wayne prefers returning capital before taking profits

• The difference between greed vs long-term wealth building

• How to explain risk properly to potential JV partners

• Why cash flow is your storm protection strategy

👥 About Your Hosts

Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their 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 featuring 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:
info@reimorningshow.com

🤝 Thanks to Our Sponsors

🏠 Calvin Realty – Edmonton Investor-Focused Realtor
🌐 calvinrealty.ca
🔗 Facebook

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

💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers
🌐 www.kbmortgages.ca
📧 keaton@kbmortgages.ca
🔗 Facebook

🏫 Edmonton Real Estate Investing Course

Thinking about investing in Edmonton but not sure where to start?

Our 8-week Edmonton Real Estate Investing Course gives you a clear blueprint to invest with confidence, including:

🔹 Why Edmonton is one of Canada's strongest cash flow markets
🔹 The economic drivers shaping Edmonton's growth
🔹 How to analyze neighborhoods for cash flow and upside
🔹 The five main asset types and how they perform
🔹 Tenant selection strategies that protect your returns
🔹 How to buy rental properties that actually make money

👉 Learn more and register at:
www.reimasters.ca

Tomorrow: Part 2 — deeper dive into JV objections, risk conversations, and how to sell the opportunity properly.

If you're currently having JV conversations, this might be the most important two-part series we've done in a while.