E075 Is Boring Real Estate the Future of Investing?
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In today's REI Hot Seat episode 075, Andrew and Jacob are back together in our new Burlington studio, diving into the realm of real estate and investment trends for the upcoming years. They explore a 13-unit off-market building in Welland, initially dismissed by Jacob due to its negative cash flow projections. However, they delve into strategies to make such properties profitable, highlighting the current Ontario market's challenge with underpriced units and the long-term approach needed to make these investments viable.

They discuss the concept of "boring real estate" as their new mantra, emphasizing the need for patience and a steady approach in today's market. Unlike the rapid turnover strategies popular in the past, they advocate for a CMHC acquisition route for stable, albeit modest, cash flow from the outset, and a gradual increase in value through natural tenant turnover and strategic renovations.

This episode showcases a shift towards more prudent, long-term real estate investments, moving away from the aggressive, high-risk strategies of recent years. It's about building solid, reliable portfolios that may not be flashy but promise steady growth and sustainability in an ever-changing market landscape.

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E075 Is Boring Real Estate the Future of Investing?

0:32 - Introduction to the New Studio 0:53 - Diving into the Off-Market Building in Welland 1:21 - The Appeal of Boring Real Estate 2:30 - Breaking Down the Numbers 4:02 - The Strategy for Success: CMHC Acquisition 7:01 - Potential for Increased Value Through Renovations 9:01 - The Importance of Boring Real Estate in Today's Market 11:01 - Engaging with the Audience and Building Relationships

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.