E115 Why Are 90% of Current Multifamily Deals Happening Off-Market?

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In E115 of the REI Hot Seat, Andrew Hines and David Hulshof analyze an 11-unit off-market multifamily property in Kitchener, Ontario, discussing its potential as a hybrid investment with a mix of turnkey stability and value-add opportunities.

They delve into the property's financials, highlighting its cash flow potential under CMHC financing, undervalued parking and storage fees, and prospects for rent increases.

The duo also emphasizes the importance of off-market deals, effective property management, and environmental due diligence for multifamily investments.

They conclude with insights into transitioning from smaller properties to larger multifamily investments and the educational support offered through their REI Hot Seat Insiders List.

This episode provides a deep dive into the mechanics of evaluating multifamily properties, making it an informative session for real estate investors.

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

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E115 Why Are 90% of Current Multifamily Deals Happening Off-Market?

1:09 - Overview of the 11-Unit Property

4:02 - Property Financials and Metrics

12:22 - CMHC Financing Explained

18:00 - Opportunities for Cost Reduction and Income Growth

22:01 - The Value of Off-Market Deals

23:29 - Education and Insider Resources

23:43 - Closing Remarks

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.