E073 Creating Cash Flow with 25 Multifamily Units
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In today's REI Hot Seat episode 073, we cut straight into the nitty-gritty of flipping a 25-unit multifamily beast. Jacob shares the ins and outs of assessing complex deals, especially those quirky listings that don't fit the usual mold. We dive deep into location analysis, sizing up renovations, and the art of negotiation, underlining the need to get your hands dirty with thorough financial breakdowns.

We spotlight a specific project, breaking down its potential to boost value through smart upgrades. The key takeaway? Solid due diligence and sharp financial forecasting are your best allies in this game. Jacob's on-the-go business style underscores a crucial point: in real estate, adaptability and insight can turn even the most daunting projects into gold mines. It's all about rolling up your sleeves, understanding your asset inside and out, and playing the long game with a clear strategy in mind.

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E073 Creating Cash Flow with 25 Multifamily Units

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.