E081 The Anatomy of a Perfect Investment
18:55 Share

Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form

In today's REI Hot Seat E080, Andrew reconnects with Jacob to discuss a promising real estate opportunity in downtown Burlington. Jacob, familiar with the area due to recent purchases, shares his interest in potentially acquiring the building, which is well-maintained and ideally located for high demand.

Jacob outlines that the property, while listed by another realtor, is close to his properties and offers a unique investment opportunity due to its prime location. The conversation then dives into specifics, analyzing the potential rent rates compared to current listings, with Jacob suggesting that the downtown Burlington location could command higher rents than those listed.

Andrew and Jacob discuss various strategies for managing the property, considering whether high-end renovations would attract a better tenant base or if a more moderate approach would suffice. They also contemplate the impact of nearby condo developments on rental rates and discuss the optimal target demographic for the property.

The duo also explores the financial aspects, such as insurance costs and potential revenue, offering a detailed breakdown of expenses and income. The conversation ends with a strategy session on how to proceed with acquiring and managing the property, emphasizing careful financial planning and a clear understanding of the local real estate market.

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/

E081 The Anatomy of a Perfect Investment 0:36 - Introduction to the Episode 0:49 - Personal Updates and Small Talk 1:30 - Discussion on Burlington Property 2:59 - Rental Strategy and Pricing 7:08 - Property Management and Maintenance 12:07 - Financial Analysis and Value Estimation 14:35 - Market Analysis and Investment Strategy 18:24 - Closing Thoughts and Future Plans

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.