E008 Toronto 8 Plex with Assumed Mortgage Deal Breakdown
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In this episode Jake and Andrew break down an 8 plex acquisition that Jake's client just firmed up on. Jake's client will be assuming the mortgage and boosting the rents over the remaining 4 years of the mortgage term before going into his renewal. A mortgage with great terms and rate can almost be thought of as an asset these days and that certainly is interesting. Note nothing discussed on this show is ever to be construed as advice. Please seek the council of a qualified investment advisor before making any investment decisions.

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.