Andrea Warkentin is a former member of the Vancouver Police Department before moving to Red Deer, Alberta and becoming a full-time real estate investor in 2006.
Since that time she has built up a substantial portfolio, buying and selling her own properties over the years. She has transacted over 60 creative real estate deals using seller financing to purchase properties, and has used the rent to own strategy to sell over 50 properties over the past 12 years. She also own multi-family properties and currently her portfolio of rentals in Central Alberta is sitting at 70 doors with a valuation of over 11 million dollars.
Over the past 6 years, she has been helping to teach creative strategies to investors across Canada through her partnership with Barry McGuire, a real estate lawyer of over 40 years in Edmonton, AB. They travel to Vancouver, Calgary, Edmonton and Toronto to teach investors on how to expand their portfolios using techniques such as seller financing, rent to own, options, wholesaling, and joint ventures.
Our conversation dives into Andrea’s vast creative investing strategies experience, including:
Andrea’s investing origin story – from police officer to full-time investor, including her first investment property The noticeable benefits of investing in secondary real estate markets, such as Andrea’s stomping grounds in Red Deer, AB Why go to a secondary market, especially if you live in a more expensive market (Toronto, Vancouver, etc.) Joint venturing to continue to grow by helping others invest in real estate What are “creative strategies” in real estate investing? Why it pays to know how to use creative investing strategies The benefits of creative strategies for investors, sellers, and partners The importance of understanding the legalities of creative strategies to protect your interests How to determine if creative investing strategies make sense to use (hint: motivated sellers!) How long does it take to get your real estate investing business to the level where you can qualify for commercial financing Getting educated in creative strategies so you can educate others, namely sellers How to build a team of professionals to support your business The #1 reason why creative investing strategies are something any investor should learn
Big thank you to Andrea for joining us on the show. If you’d like to connect with Andrea further you can find her in the following places:
Facebook: Andrea Gauntlett Warkentin
Thank you for listening and we look forward to welcoming you to the Rev N You with Real Estate community!
– The Rev N You with Real Estate Team