How to Protect Yourself When Raising Money for Real Estate

Raising money through joint venture partnerships is one of the fastest ways to scale a real estate portfolio—but what happens if your investor changes their mind?

In today's episode, Wayne and Gabby answer a listener question about what to do if a joint venture partner wants to back out before purchasing a property—or even after the deal has already closed.

They explain how to properly structure joint venture partnerships, the importance of setting expectations from the beginning, why communication is the foundation of every successful partnership, and the legal documents every investor should have in place before raising capital.

If you're planning to use joint venture partnerships to grow your real estate portfolio, this episode could save you from one of the biggest mistakes new investors make.

🧠 What You'll Learn

• What happens if a joint venture partner wants to back out before buying a property.
• What happens if they want to leave after the property has already been purchased.
• Why communication is the key to successful real estate partnerships.
• The purpose of a Joint Venture Worksheet.
• What a Letter of Intent is—and why it matters.
• When a Joint Venture Agreement becomes legally binding.
• Why choosing the right investment partner is like choosing the right business partner for the long term.
• Common mistakes investors make when raising capital.
• How to reduce risk before entering a joint venture partnership.
• Why proper documentation can prevent expensive legal disputes later.

Wayne Hillier is a full-time real estate investor, entrepreneur, and Canadian Real Estate Investing Coach. After building a large portfolio of cash-flowing rental properties, Wayne now helps Canadians invest safely using proven systems focused on cash flow, risk management, and long-term wealth.

Gabby Hillier is a real estate investor and property management expert specializing in landlord systems, tenant screening, lease agreements, and creating scalable rental property operations.

Together they host the Canadian Real Estate Investing Morning Show, providing free coaching for Canadian real estate investors every weekday morning.

💡 Resources & Contact

🎓 Learn more about the REI Masters Mentorship Program:

https://www.reimasters.ca

📖 Get your copy of The 5% Rule™

https://www.amazon.ca/dp/B0F4KGV3SR

📧 Questions for the show?

info@reimorningshow.com

🎙️ Join us live every weekday morning for free coaching on the Canadian Real Estate Investing Morning Show.

📅 Upcoming Events

REI Masters Edmonton Real Estate Investing Bus Tour

📅 August 22, 2026

🌐 www.reimasters.ca/edmontonbustour

🤝 Sponsors

Calvin Realty

Investor-focused real estate services in Edmonton.

🌐 www.calvinrealty.ca

Finngo Bookkeeping & Tax

Specialized bookkeeping and tax services for Canadian real estate investors.

🌐 www.finngo.com/rei

Kirkwood & Brennan Mortgage Group

Investor-focused mortgage planning and financing.

🌐 www.kbmortgages.ca

📧 keaton@kbmortgages.ca