In today's episode of Investing to Win, Garret Wong talks with Rolf Hitzer, a real estate agent serving Winnipeg at Royal LePage.
Garret begins with a short story about his near-death experience in a boating accident.
Then they dive deep into the real estate wholesaling business and discuss whether it is illegal. Rolf will talk about how he started in the industry and how much it has changed since then. He'll also discuss the Real Estate Services Act and how it defines wholesaling.
You will learn about the inefficiencies at the Manitoba Securities Commission that hinder the agency's ability to effectively investigate and prevent unscrupulous practices in real estate. You will understand why legislative changes may be forthcoming and the opportunities presented by a new Manitoba Securities Commission policy on the aspect of real estate wholesaling in Manitoba.
Rolf will explain why he advises caution to individuals wanting to enter the wholesaling business. He will break down the concept of real estate transactions and address the potential consequences of conducting a transaction without licensing.
On a more personal level, Rolf will discuss how success has many components, including family, friends, and personal growth.
Join Garret and Rolf for this insightful discussion on real estate wholesaling.
Enjoy!
What You'll Learn in this Show:
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