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In E100, In this solo episode, Andrew Hines shares updates on his real estate ventures, focusing on his land-flipping business in Florida.

He explains that land deals often involve less hassle than properties with tenants, as there's no need for evictions or junk removal. Andrew discusses a recent profitable deal where he and his partner, Mat Piche, bought a 5-acre piece of land for $26,000 and sold it for $53,000, netting around $20,000 in profit.

He highlights their strategy of acquiring land at 50 cents on the dollar and ensuring properties are well-researched, particularly regarding flood zones and wetlands. Andrew also shares a cautionary tale about a deal that fell through due to a land dispute with a neighboring attorney. He concludes by reflecting on the advantages of land investments and mentions his ongoing efforts to engage more with his audience through Instagram and future projects.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E100 Can You Really Flip Land Without Ever Seeing It in Person?

1:15 - Recent Florida Land Deal

6:00 - Research and Strategy for Land Deals

12:00 - Lessons from a Failed Deal

15:00 - Future Projects and Audience Engagement

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.

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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.

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

In E099, Andrew Hines and David Hulshof discuss a purpose-built six-unit property in London, Ontario. The previous owner made significant energy efficiency upgrades, preparing it for the MLI program, though it won't qualify for the full 50-year term. Buyers can expect up to 45 years with a higher premium. The fully vacant building has been renovated with new windows, doors, heat pumps, and upgraded interiors. Rent estimates for the two-bedroom units, including below-grade ones at $1,700, are conservatively set to attract tenants.

Despite being in a C/C+ area, the building's purpose-built design and high-quality renovations make it a strong investment. David explains that rental rates are based on local comparables, offering real-world data to support their pricing. The seller is flexible, willing to tenant the building or leave that responsibility to the buyer, depending on their preference.

David also discusses broader market trends, noting that many deals are now being done off-market, providing sellers more control and buyers exclusive opportunities. With recent interest rate drops, there are strong deals available, particularly for energy-efficient, renovated properties like this one, which promise long-term value and rental income potential.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E099 The Secret to Finding Undervalued Properties with High Potential?

0:49 – Overview of the six-unit building in London and decision to sell

2:03 – Discussion on conservative rental pricing and unit layouts

4:19 – Why the building is an attractive investment opportunity

6:10 – Overview of financing options and potential cash flow

7:20 – Advantages of a 10-year mortgage term

9:24 – Details on expected cash flow and return on investment

11:01 – Market trends and the benefits of off-market deals

14:26 – Transition in the real estate market with rate adjustments

17:00 – Non-purpose-built buildings: opportunities and challenges

19:20 – Cash flow comparison between purpose-built and non-purpose-built properties

21:00 – Wrap-up

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.

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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.

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

In E098, Andrew Hines and Jacob Campagnaro delve into the details of a real estate investment opportunity in Toronto's desirable Beaches neighborhood, focusing on a sixplex property. They discuss the advantages of quick closing in securing better deals, noting that understanding the seller's motivations—such as the need for speed—can lead to more favorable pricing. The property, a six-unit walk-up that has been meticulously maintained by the owner for over 12 years, presents significant value-add potential, particularly through rent increases and creative financing strategies.

Jacob highlights that while the current rents are below market, there is a substantial opportunity to increase revenue as units turn over. The owner-occupied unit will be vacant at possession, offering immediate rental potential or the option for the buyer to negotiate terms, such as the owner staying on temporarily or providing rental guarantees.

They also discuss various financing options, including the possibility of using a Vendor Take-Back (VTB) mortgage to mitigate tax liabilities and reduce the buyer's upfront costs. Jacob explains that the property has not been refinanced in over a decade, leaving room for creative financing solutions like a VTB, which could be structured in multiple ways depending on the buyer's needs.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.

Andrew's linktree : https://linktr.ee/theandrewhines

REI Hot Seat Instagram: https://www.instagram.com/reihotseat/

E098 Can This CMHC Financing Flexibility Secure Your Next Deal?

1:08 - Overview of the Toronto Beaches Sixplex Property

3:19 - Rent Potential and Market Spread

5:00 - Financing Options and CMHC Underwriting

6:02 - Negotiation Strategies: Understanding Seller Motivation

7:14 - Creative Financing: Vendor Take-Back (VTB) Mortgage

8:23 - Market Conditions and Opportunities in Toronto

9:45 - Potential for Airbnb and Investment Strategies

11:18 - Tenant Relations and Cash for Keys

12:05 - Creative Deal-Making and Structuring Offers

14:01 - Final Thoughts on Investment Potential

16:00 - Closing Remarks and REI Hot Seat Insiders Invitation

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.