🎧 Why I Walked Away From a "Great Deal" Strata Townhouse
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

Today's episode is a real behind-the-scenes look at how an experienced investor evaluates risk, uncovers hidden problems, and knows when to walk away. Wayne breaks down a real strata townhouse deal in Edmonton that looked great on the surface but fell apart during due diligence.

This is a masterclass in how not to get burned by condo documents, special assessments, and misunderstood risks.

🧠 What You'll Learn in This Episode

• Why "cheap" strata townhouses often come with hidden problems

• How special assessments really work (and how they can quietly kill a deal)

• The danger of interest-only condo loans and poorly managed reserve funds

• Why fixed-term leases with under-market rent can drastically change returns

• How to properly evaluate condo documents, bylaws, and meeting minutes

• The difference between investor risk and JV partner risk

• Why walking away is sometimes the smartest investing move

👥 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 air every weekday morning featuring real deals, coaching moments, and tactical investing advice you can actually use.

💡 Resources & Contact

Learn about our Mentorship Program:
www.reimasters.ca

Bookkeeping & tax help for investors:
www.finngo.com/rei

Submit a question for the show:
info@reimorningshow.com

📘 Get the Book
The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors
👉 https://a.co/d/jdZaBXM

🤝 Thanks to Our Sponsors

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

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

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

🏫 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