Joint Ventures in Real Estate: Tyler Soullier's Windsor Guide
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Joint Ventures in Real Estate: Tyler Soullier's Windsor Guide

In this episode of The Wisdom, Lifestyle, Money Show, host Scott Dillingham interviews Tyler Soullier, a top real estate investor and realtor with Manor Realty in Windsor-Essex, Ontario. Tyler shares his journey: quitting a family business post-MBA to become a realtor in Toronto, returning to Windsor in 2013 amid post-recession bargains (e.g., $48K duplex flip netting $30K profit), ramping up to 15 properties via BRRRR strategy in his first year, and winning Investor of the Year. He stresses property management to avoid tenant headaches (e.g., handing over all units after six for hands-off operations) and learning from conferences/networking.

The focus shifts to joint ventures (JVs): 50/50 partnerships where Tyler sources deals, analyzes (e.g., 5-10 year projections), manages renovations/property via his team, while partners provide capital/down payments—ideal for those lacking time/knowledge. Scott handles financing at LendCity, ensuring optimal rates/terms amid 2025's BoC cuts (2.25% as of November). In Windsor's resilient 2025 market (CMHC predicts dip with lower starts, but tightening resale in late 2025; July averages $592K, down 1.63% YoY per local reports, recovery eyed for 2026), JVs enable passive investing with minimal risk. They discuss using privates (7-8% rates as business costs), avoiding emotional bidding, and long-term holds for wealth-building.

Guest Bio
Tyler Soullier is a seasoned real estate investor and realtor with Manor Realty in Windsor-Essex, Ontario, specializing in flips, BRRRR strategies, and joint ventures for hands-free investing. Starting in 2013 amid low prices, he built a portfolio of 15+ properties in his first year, winning Investor of the Year. With an MBA background, Tyler partners with LendCity for turnkey JVs, focusing on long-term holds in Windsor's growing market. Passionate about education via conferences, he helps clients navigate 2025's resilient scene (e.g., averages $592K). Connect at tylersoullier.com, on Facebook at facebook.com/tyler.soullier, or call 519-735-8889 for Windsor investments.

Key Takeaways
  • Tyler's start: Quit family job for real estate in 2013, flipped $48K duplex for $30K profit, scaled to 15 properties via BRRRR amid Windsor's post-recession bargains.
  • Property management essential: Handed over after six units for hands-off ops; avoids tenant issues, costs 5-7% but saves time/headaches.
  • Joint ventures explained: 50/50 splits where Tyler sources/analyzes deals (5-10 year projections), manages everything; partners provide capital—perfect for time/knowledge shortages.
  • Financing tips: Use privates (7-8% as write-offs) if needed; LendCity optimizes amid 2025 BoC cuts (2.25%), focusing on profits over rates.
  • Avoid pitfalls: Don't force numbers/emotional bids; factor maintenance/vacancies long-term for 2025's dipping but resilient Windsor market (CMHC: lower starts, late-2025 tightening).
  • Conferences/networking key: Pushed Tyler to act; build relationships for options like HELOCs, privates.
  • 2025 Windsor outlook: Averages $592K (down 1.63% YoY), recovery in 2026 per CMHC—ideal for JVs in affordable, growing area.
  • (00:04) - Introduction to Real Estate Investing
  • (08:17) - Transition to Joint Ventures
  • (16:58) - The Power of Professional Management

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