E105 Is This Ontario Town the Ultimate Real Estate Goldmine?
REI Hot Seat with Andrew Hines and The Investments Group
Shownotes Transcript
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In E105, of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro discuss a real estate investment project near Bruce Power in Walkerton, Ontario.
The property includes twelve townhomes, ten of which are fully renovated with high energy efficiency scores through the CMHC’s MLI Select program.
They delve into financing options, including an anticipated low-rate CMHC-insured mortgage and how energy-efficient upgrades can provide additional financing benefits.
The property offers a stable cash flow with minimal landlord involvement, as all utilities are tenant-paid and maintenance is streamlined.
They highlight the region's steady demand, driven by Bruce Power’s influence, which contributes to the local economic vibrancy.
This opportunity is positioned for hands-off investors looking for stability and long-term growth.
Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.
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E105 Is This Ontario Town the Ultimate Real Estate Goldmine?
0:39 - Project Overview: Townhomes near Bruce Power
1:04 - Energy Efficiency Upgrades & Financing
2:00 - Mortgage & Funding Details
4:02 - Cash Flow Projections and Investor Returns
5:00 - Understanding CMHC & MLI Select Benefits
8:36 - Why Invest Near Bruce Power?
12:16 - Property Layout & Potential Additional Units
13:10 - Target Investor Profile & Management Options
15:38 - How to Get Involved: Insiders List & Active Deal Info
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.