3 Steps (Plus Maybe 20 More) to Buy Your First Rental Property | Real Estate Investing Canada

🎧 3 Steps (Plus Maybe 20 More) to Buy Your First Rental Property Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Thinking about buying your first rental but don't know where to start? Today's episode is tailor-made for the aspiring investor with a clean slate — someone who hasn't bought a home yet, has a background in renovations or contracting, and wants a clear roadmap. Wayne walks through the practical steps for using your skills to create equity, move into your first property with only 5% down, and build a small but powerful portfolio without overcomplicating it. This isn't a fluff-filled episode about becoming a millionaire overnight — it's about how 95% of new investors can build real wealth by simply following a smart, repeatable system. Whether you're starting with cash, credit, or just sweat equity, this episode is your blueprint. 🧠 What You'll Learn in This Episode Why a "clean slate" is the best starting point for investors How general contractors can leverage their skills to build equity fast The benefit of moving into your first investment property Understanding 5% down CMHC financing and how it helps new buyers Step-by-step refinance math with real numbers How to identify properties that will work as rentals The most common mistake: over-renovating your first home Why joint ventures aren't always necessary A real example of what $35K can become in 5 years The mindset shift needed to avoid floating toward "financial Niagara Falls" 👥 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: [email protected] Get the 5% Rule™ book on Amazon: The 5% Rule™ – The Real Estate Cash Flow Test Order Now → https://www.amazon.ca/dp/B0F9Z5ZD3B 📆 Upcoming Event – REI Masters Networking BBQ & Private Lending Info Session 📅 Saturday, July 19 | ⏰ 4–8 PM 📍 Sir Wilfrid Laurier Park, Edmonton Join us for a free BBQ, lawn games, and networking with real estate investors. Hot dogs by Samuel from SPM Inc. Renovations, and Q&A with Kaelan Nelson from Calvert Home Mortgage. 🎟️ Register Now → https://www.eventbrite.ca/e/1443974268909?aff=oddtdtcreator   🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 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 📧 [email protected] 🔗 Facebook 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268.