First Rental Property Nightmare | Real Estate Investing Canada

🎧 First Rental Property Nightmare | Real Estate Investing Canada Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Ever wonder what it's really like to buy your first rental property? In this raw and relatable episode, Wayne and Gabby share the full story of their first rental property — and it was anything but smooth. From overpaying and unexpected zoning issues to nightmare tenants and legal headaches, this episode pulls back the curtain on the kind of chaos most investors don't talk about. You'll walk away with real lessons, a few laughs, and the reassurance that early struggles are more common than you think. 🧠 What You'll Learn in This Episode The emotional and financial rollercoaster of their first rental property How overpaying by $20K led to a series of costly surprises Why the suite they bought wasn't actually legal (and what that meant) The painful truth about trusting the wrong contractor What zoning restrictions taught them about due diligence How bad tenant experiences helped shape their current landlord systems Why real estate is still worth it — even when everything goes wrong How these lessons became the foundation for their mentorship program 👥 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://a.co/d/3Xrcnhw 🤝 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