E093 Why Invest in a Mixed-Use Building?
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In E093, Andrew Hines sits down with Jacob Campagnaro and Mark Luciano to discuss an exciting new real estate investment opportunity. They explore the potential of a unique, fully vacant mixed-use building in Hamilton. This property, with its six residential units and two large commercial spaces, offers incredible potential for investors looking to dive into the Hamilton market.

The conversation highlights the significant advantages of investing in a fully vacant building, including the ability to start renovations immediately and avoid tenant-related issues. Mark shares insights into the financial aspects, including potential returns and the strategic benefits of CMHC financing. They also discuss the exciting possibility of converting part of the commercial space into additional residential units, leveraging Hamilton's pro-intensification policies.

Located near the General Hospital, this property is in a prime area with high demand from healthcare professionals. Andrew, Jacob, and Mark provide a high-level overview of why this deal is so attractive and discuss the financial projections, potential cash flow, and investment strategies.

This episode is packed with valuable insights for real estate investors, especially those interested in mixed-use buildings, high-return investments, and the Hamilton real estate market. Tune in to discover why this deal stands out and learn about the exclusive opportunities available through the REI Hot Seat Insider program. By joining, you'll get access to detailed due diligence, financial analyses, and exclusive off-market deals. Don’t miss this chance to gain expert knowledge and explore a lucrative investment opportunity.

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E093 Why Invest in a Mixed-Use Building?

0:36 - Introducing

1:08 - Key Features of the Property

2:00 - Potential for Conversion

3:07 - Rezoning and Intensification

5:23 - Financial Overview and CMHC Financing

7:58 - Refinancing Strategy

11:39 - Investment Returns and Cash Flow

14:12 - Time and Effort Considerations

16:20 - Property Management

21:03 - Conclusion

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.