E118 Is This the Easiest Multifamily Investment You’ll Ever Find?

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In E118 of the REI Hot Seat, Andrew Hines and David Hulshof analyze a unique off-market 12-townhome multifamily deal in Walkerton.

They discuss the financial structure, highlighting an assumable CMHC-backed 50-year loan with 95% loan-to-value, minimizing upfront capital requirements.

The deal benefits from zero owner-paid utility costs, strong rental income (with some units reaching $2,700/month), and additional potential value-adds, including storage unit conversions.

The conversation emphasizes investor strategy, covering net worth requirements for CMHC financing, cash flow projections (~$2,200/month), and long-term rent appreciation.

They also explore how sellers structure deals by evaluating market conditions and potential buyer perspectives.

The episode concludes with insights on insider access to off-market deals, best practices for multifamily investing, and strategies for optimizing property management.

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E118 Is This the Easiest Multifamily Investment You’ll Ever Find?

00:34 – Intro

01:17 – Reverse Engineering a Deal

02:54 – 12-Unit Walkerton Deal Overview

04:19 – CMHC Loan Benefits

06:09 – True Investment Costs

07:18 – Renovation & Value-Add

09:46 – Rental Income Breakdown

12:27 – Zero Utility Costs

15:33 – Cash Flow & Future Potential

18:13 – CMHC & Lender Requirements

22:13 – Maximizing Storage & Parking Income

23:21 – Finding Off-Market Deals

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.