E113 Is Affordable Housing the Future of Smart Investments?

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In E113 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro sit down with Dave Atwell, co-founder of HoneyTree Grow, to explore the opportunities and challenges of converting hotels into multifamily housing.

Atwell discusses the evolution of his investment strategy, from hospitality automation to housing conversions, highlighting the potential of CMHC financing and the growing demand for affordable housing.

The episode dives into zoning flexibility, municipal cooperation, and how aligning with social causes like affordable housing can streamline projects.

Atwell also explains the financial intricacies, such as managing operational expenses, leveraging value-add strategies, and securing cash flow in secondary and tertiary markets.

The conversation provides valuable insights for investors looking to adapt to market trends, with a strong focus on mitigating risk and optimizing cash flow through innovative real estate strategies.

For more information or to contact David Atwell, visit honeytreegrow.ca, email info@honeytreegrow.ca, or call 416-712-2876.

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E113 Is Affordable Housing the Future of Smart Investments?

0:34 - Dave’s Journey with Honey Tree

1:07 - Leveraging Technology and Automation in Hospitality

4:00 - Pivoting from Hospitality to Multifamily Investments

5:00 - Municipality Cooperation for Affordable Housing

6:04 - Mixed-Use Properties and Zoning Challenges

10:02 - CMHC Financing for Furnished Rentals

13:26 - Secondary and Tertiary Market Opportunities

15:52 - Partnering with Municipalities for Housing Projects

21:05 - Final Advice

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.