REI Hot Seat with Andrew Hines and The Investments Group – Details, episodes & analysis
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REI Hot Seat with Andrew Hines and The Investments Group
Andrew Hines
Frequency: 1 episode/7d. Total Eps: 112

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🇨🇦 Canada - entrepreneurship
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E101 What’s Causing So Many Investors to Take Notice of This Deal?
jeudi 26 septembre 2024 • Duration 24:19
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E101, of REI Hot Seat, Andrew Hines welcomes Zac Willms, David Hulshof, and Jacob Campagnaro to discuss an 8-unit apartment building investment deal in London, Ontario. The group reviews the details of the property, which is undergoing renovations, including the addition of two basement units and a total refresh of the existing units. The building already has major upgrades, such as a new roof and separate utilities.
David Hulshof runs the numbers and highlights that the project is expected to cost approximately $400,000 in renovations, bringing the total investment to around $1.4 million. With current cap rates and projected rent figures, the deal presents a potential full BRRRR (Buy, Rehab, Rent, Refinance, Repeat) opportunity, with the possibility of pulling out all invested capital plus an additional profit. The team also discusses factors like CMHC financing, loan-to-value ratios, and market conditions, with the likelihood of interest rates decreasing, making the deal even more attractive.
The property is in a transitioning B/C+ neighborhood in London, with growing investor interest. It offers vacant possession, eliminating the challenges of tenant management during renovations. The episode concludes with Andrew encouraging listeners to join the Insiders List for access to off-market deals and exclusive opportunities like this one.
Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
E101 What’s Causing So Many Investors to Take Notice of This Deal?
1:01 - Discussing an 8-Plex Deal in London, Ontario
2:10 - Property Details: Retrofit, Roof, and Renovations
3:05 - Tenant Situation and Eviction Process
4:54 - Numbers Breakdown: Purchase, Renovation, and Financing
7:01 - Cap Rate and Expected Valuation
9:12 - Basement Unit Renovations Overview
10:21 - Loan Details: 85% Loan to Value
14:38 - Financing Rates and Market Trends
17:00 - Cash Flow and Building Vacancies
19:04 - MLI Select Program: Pros and Cons
20:55 - Area Overview: London Neighborhood Details
23:25 - Conclusion and Final Thoughts
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E100 Can You Really Flip Land Without Ever Seeing It in Person?
jeudi 19 septembre 2024 • Duration 16:33
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E100, In this solo episode, Andrew Hines shares updates on his real estate ventures, focusing on his land-flipping business in Florida.
He explains that land deals often involve less hassle than properties with tenants, as there's no need for evictions or junk removal. Andrew discusses a recent profitable deal where he and his partner, Mat Piche, bought a 5-acre piece of land for $26,000 and sold it for $53,000, netting around $20,000 in profit.
He highlights their strategy of acquiring land at 50 cents on the dollar and ensuring properties are well-researched, particularly regarding flood zones and wetlands. Andrew also shares a cautionary tale about a deal that fell through due to a land dispute with a neighboring attorney. He concludes by reflecting on the advantages of land investments and mentions his ongoing efforts to engage more with his audience through Instagram and future projects.
Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
E100 Can You Really Flip Land Without Ever Seeing It in Person?
1:15 - Recent Florida Land Deal
6:00 - Research and Strategy for Land Deals
12:00 - Lessons from a Failed Deal
15:00 - Future Projects and Audience Engagement
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E091 How to Optimize Real Estate Profits with Systems?
jeudi 18 juillet 2024 • Duration 30:08
In E091, Andrew Hines is joined by Jacob Campagnaro and Zac Willms to discuss recent real estate deals and strategies. Andrew highlights a land deal in Florida for 35 cents on the dollar, located near an interchange on Highway 75. He further explains use of cold callers and a structured lead management process, emphasizing the benefits of buying land over houses due to quicker resale. Andrew shares insights on acquisitions management and the continuous need to fill the sales funnel.
The discussion covers the advantages of the US real estate market, including easy access to property data, and mentions creative financing strategies like sub2 deals. Andrew stresses the importance of a scalable business model with systems for outsourcing and lead management. Investing in tools and resources to generate a high volume of leads is crucial for profitable deals.
Overall, the episode offers insights into real estate investment, highlighting systems, outsourcing, and creative financing for building a scalable business.
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
E091 How to Optimize Real Estate Profits with Systems?
1:11 Discussing Recent Deals
4:02 Lead Generation Strategy
6:58 Approval Process for Deals
7:05 Dealing with Complex Deals
9:35 Focus on Land Investments
10:09 Faster Turnaround with Land Deals
11:38 Cold Calling Metrics
13:03 Making Offers and Closing Deals
15:39 Using Public Records for Leads
17:28 Follow-Up Strategies
19:00 Role of Acquisitions Managers
20:04 Transition to Scalable Business Model
23:38 Creative Financing and Sub2 Deals
27:29 Final Thoughts and Upcoming Episodes
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E001 Analyzing a 25 Unit Mixed-Use Building with Jacob Campagnaro
Season 1 · Episode 1
mardi 27 septembre 2022 • Duration 22:44
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
Check out Andrew's Podcast: https://www.youtube.com/channel/UCYGIvt3fC0OK378EIEHccpA Connect with Andrew: https://linktr.ee/theandrewhines In the very first episode of REI Hot Seat we sit down with Real Estate Investor and Commercial Realtor, Jacob Campagnaro. Jake has a keen eye for multifamily properties and in this episode we discussed an off-market building and it's earning potential. This particular building is located in south-western ontario and has 3 commercial main floor units, 22 residential apartments and an elevator for residents. The focus of this episode was on increasing cash flow and balancing opportunities available in CMHC's MLI Select program. Be sure to subscribe for future episodes!!!
E090 Why Is Long-Term Investment in Kitchener So Promising?
Season 1 · Episode 90
jeudi 11 juillet 2024 • Duration 23:21
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E090 of REI Hot Seat, Andrew Hines and Zac Willms dive deep into a lucrative 11-unit building deal in Kitchener, analyzing its financial viability, potential improvements, and investment strategies. They scrutinize the initial numbers, focusing on the cap rate, price per unit, and the value-add potential, determining whether the property is a turnkey investment. Discovering a 4.5 cap rate, they explore financing options like CMHC loans to enhance investment efficiency.
Zac highlights various expenses and discrepancies, such as high utility costs, and suggests optimization strategies. They delve into understanding insurance costs, management fees, and other critical expenses to accurately evaluate the deal's viability. The conversation covers essential improvements and value-adding strategies, including implementing low-flush toilets, tenant expense recoveries, and other efficiencies to boost NOI (Net Operating Income).
Emphasizing the significance of immediate cash flow and long-term appreciation, Andrew and Zac agree that, despite initial concerns, the building offers a solid investment opportunity with significant room for value enhancement and increased cash flow. They conclude by stressing the importance of thorough due diligence and a comprehensive understanding of current market conditions and the property's financials before making an investment decision. Don't miss this insightful analysis that could shape your next profitable real estate venture!
Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
E090 Why Long-Term Investment in Kitchener So Promising?
0:43 - Intro
1:35 - Today's Deal Overview
2:39 - Cap Rate and Initial Numbers
3:39 - Financing Options and Expense Breakdown
7:17 - Value-Adding Strategies
10:25 - Rent Roll Analysis
10:52 - Kitchener Market Appeal
11:36 - CMHC Expectations
12:01 - Other Income Opportunities
12:42 - Improvement and Value Add Ideas
13:24 - Cash Flow Projections
14:06 - Long-Term Appreciation Potential
15:10 - Final Thoughts and Due Diligence
22:37 - Closing Remarks
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E089 Why Now is the Time to Invest in Glamping Sites
Season 1 · Episode 89
jeudi 4 juillet 2024 • Duration 29:58
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E089, Andrew welcomes back Zac Willms, we’re discussing a topic we've been eager to share – an equity offering for our campground glamping site. This has been a year in the making, and we’re finally ready to bring in partners. We need to be clear and precise because this involves a Canadian Securities offering, so it's crucial to mention that this is for accredited investors only and isn’t a solicitation for the sale of securities but for informational purposes. We're working with an exempt market dealer who will handle the securities and provide necessary documents like the term sheet. We'll discuss projections and market expectations, but please remember that projections and statements made in this episode do not represent a guarantee. Please see disclaimer for more details: https://atlasone.ca/disclaimer
Our glamping site, located in the lush, green Tobermory area, specifically Miller Lake, Ontario, is about 20 minutes from Tobermory. It's a unique camping experience with trailers and picturesque views, making it ideal for those looking for a memorable stay. We’re excited about the potential here and believe in the project deeply. For those unfamiliar, glamping combines the beauty of camping with the luxury of modern amenities – think glamorous camping with luxury mattresses, pillows, and no hassle of setting up tents.
This investment opportunity offers a chance to be part of an innovative and growing market. We’re looking to expand significantly from our current 26 sites to the 70 permitted by bylaw. The funds raised will help us add new units and amenities like geodesic domes, pools, and more, enhancing the overall experience and extending stays.
Our team has worked hard to build a reputation for quality and customer satisfaction, evident from our positive reviews on Airbnb and Google. The site has transformed from a party site to a serene getaway, attracting repeat visitors and strong word-of-mouth promotion. We’re committed to maintaining this standard and continually improving the site.
For more details, visit our Instagram or website, grottogetaway.com, and if interested, reach out to us for a deeper conversation. We appreciate your interest and support in making this vision a reality.
Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E088 Can AI-Powered Tech Really Boost Your Property's Value?
jeudi 27 juin 2024 • Duration 20:27
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E088 of the REI Hot Seat, Andrew welcomes back David Hulshof to discuss how integrating technology and AI into real estate properties can significantly enhance value and increase profits. They explore innovative approaches to value addition beyond traditional methods like kitchen and bathroom upgrades.
David Hulshof, shares insights on an off-market deal where the property owner equipped each unit with advanced technology. This includes features like facial recognition for entry systems, which have become a major talking point among potential buyers. Despite not being overly expensive, this technology adds a perceived high-end quality to the property and can potentially increase rental income by $50 to $75 per month per unit.
The discussion extends to other AI applications, such as systems that monitor appliance performance and tenant behavior to optimize property management and maintenance. For example, some technologies can alert landlords about issues like a malfunctioning heat pump or a tenant frequently opening windows when it's too hot, allowing proactive management.
Andrew and David emphasize the financial benefits, including improved ROI and enhanced tenant satisfaction, of adopting such technologies. They also touch on broader trends in real estate, highlighting the potential for AI and tech to create efficiencies and increase property value in a competitive market. The conversation underscores how small technological investments can lead to substantial financial gains and operational improvements in real estate.
Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s
Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
E088 Can AI-Powered Tech Really Boost Your Property's Value?
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E087 Maximize Returns with Mixed-Use Properties
Season 1 · Episode 87
jeudi 20 juin 2024 • Duration 29:21
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In this episode of the REI Hot Seat, Andrew Hines is joined by Jacob Campagnaro, David Hulshof, and Mark Luciano to discuss an intriguing real estate deal offering a 7% cash-on-cash return.
Mark Luciano, a newcomer to the show, provides an in-depth analysis of the deal, which is located in the Niagara region. The property, with an asking price of $1.7 million and a potential offer price of $1.6 million, features a mixed-use building primarily used for residential purposes with a small commercial component, making it eligible for CMHC financing.
The team delves into the specifics, highlighting the high-quality area, potential commercial tenants, and current leasing status. They emphasize the attractiveness of the deal due to its 6% cap rate on acquisition and potential for cash flow improvement through minor rent adjustments.
The discussion also covers the implications of mixed-use properties, the importance of detailed lease agreements, and strategies for managing and optimizing such investments. Overall, the episode provides valuable insights into evaluating and capitalizing on mixed-use real estate opportunities, including understanding cap rates, cash flow, CMHC financing, lease agreements, and property management. This episode is a must-watch for investors interested in high-yield real estate deals and the nuances of mixed-use property investment.
Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s
Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr
Andrew's linktree : https://linktr.ee/theandrewhines
REI Hot Seat Instagram: https://www.instagram.com/reihotseat/
Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.
---
Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E086 Why Did the Bank of Canada Finally Cut Rates After 4 Years?
Episode 86
jeudi 13 juin 2024 • Duration 24:16
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form
In E086, Andrew and Jacob discuss recent changes in the real estate market, including new rules for the MLI Select program and a recent interest rate drop by the Bank of Canada, the first in four years. The conversation highlights how these changes impact investor sentiment and market activity, noting that while the quarter-point rate drop hasn't significantly increased buying activity, it has sparked more discussions among potential buyers. The episode delves into the nuances of the MLI Select program, emphasizing the need for a blend of efficiency and affordability in multifamily investments. They discuss how the new rules require a combination of energy efficiency, accessibility, and affordability to maximize benefits from the program. This insightful episode provides strategic advice for real estate investors navigating these updates and encourages listeners to stay engaged with ongoing content and events. With a focus on the key interest rate drop by the Bank of Canada, the discussion explores its indirect effects on bond rates, market trends, and the overall investment landscape in Canada, particularly in the multifamily housing sector. Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: reihotseat E086 Why Did the Bank of Canada Finally Cut Rates After 4 Years? 0:48 - Introduction and Professional Developments 2:03 - New Rules and Rate Drops 5:57 - Impact on Residential and Commercial Markets 12:57 - Challenges and Opportunities with MLI Select 21:21 - Strategies and Predictions 24:10 - Conclusion and Audience Engagement Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision. --- Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively. His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.
E085 Can This Deal Boost Your Multifamily Portfolio?
Season 1 · Episode 82
jeudi 6 juin 2024 • Duration 23:43
Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form In E085, I'm joined by Zac Willms and David Hulshof to review a six-unit turnkey apartment building in Ontario. Zach is the listing agent for this fully renovated property, which features new electrical, plumbing, flooring, and kitchens. The building is designed for CMHC's MLI Select program, focusing on energy efficiency, but recent rule changes mean the current owner can't refinance, offering a great opportunity for a new buyer. The 1950s or 1960s brick building has a flat roof and separate hydrometers. Heat is managed through unit heat pumps with backup baseboard heating. Located in Thorold, it's close to Brock University and new developments, making it attractive for renters. Financially, the property brings in $10,200 monthly from rent, with potential for increases. Additional income could come from laundry facilities. Taxes are estimated at $7,700 annually post-renovation. Due diligence, including environmental assessments, appraisals, and building condition analyses, is crucial. While initial cash flow isn't huge, the property offers a stable investment with significant upside due to quality renovations and a strategic location. This episode highlights the importance of a thorough, methodical approach to multifamily investing, focusing on stable, lower-risk opportunities with steady returns and future growth. Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: https://www.instagram.com/reihotseat/ Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision. --- Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively. His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.