What Happens If Your JV Partner Dies? Most Investors Never Plan For This | Real Estate Investing Canada

🎧 What Happens If Your JV Partner Dies? Most Investors Never Plan for This Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier What would happen to your investment if your joint venture partner suddenly passed away, became disabled, or couldn't refinance the property? Most investors never plan for these "what if" scenarios — until it's too late. In this episode, Wayne and Gabby break down how to structure bulletproof JV agreements that protect both parties. They share real examples, key contract clauses to include, and what to do when things don't go according to plan. You'll also hear how they handle reserve funds, rental income taxes, and a fresh update on Gabby's RTDRS tenant situation. 🧠 What You'll Learn in This Episode What to do if your JV partner dies or becomes incapacitated How to include death, disability, and management clauses in your contract Why life insurance for JV partners might be the smartest move you make How to manage and tax-plan your reserve fund properly What's actually taxable when it comes to rental income How to handle joint ventures when the money partner's credit tanks When to file for RTDRS and how conditional eviction orders work in Alberta Why a solid contract — not a handshake — saves you time, money, and stress 👥 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™ – The Real Estate Cash Flow Test book on Amazon: 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