How Can You Leverage Rent Control Exemptions for Greater Profits?

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  • čas přidán 11. 09. 2024
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    In E095, Andrew Hines and Jacob Campagnaro dive into an exclusive off-market deal that stands out in the competitive multi-family real estate market. They discuss a newly constructed sixplex, a rare find given today’s development challenges. Jacob, who has personally toured the property, shares why this deal could be a prime opportunity for investors looking to add a high-performing asset to their portfolios.
    The episode goes beyond the basics, highlighting the strategic benefits of this property. Andrew and Jacob explain how its new construction exempts it from rent control, allowing for flexible rental rates that enhance profitability. They also discuss the value of separate utility meters, which eliminate landlord utility costs, making the investment even more appealing. Located in a developing neighborhood, this sixplex offers both short-term cash flow and long-term appreciation potential.
    More than just a property review, the episode equips listeners with knowledge to navigate multi-family investing. Andrew and Jacob break down the CMHC’s MLI Select program, showing how it can be used to secure favorable loan terms and boost investment returns. This episode is essential for serious real estate investors, offering insights into a lucrative deal and strategies to capitalize on similar opportunities before they hit the broader market.
    Andrew's linktree : linktr.ee/thea...
    REI Hot Seat Instagram: / reihotseat
    E095 How Can You Leverage Rent Control Exemptions for Greater Profits?
    0:44 - Introduction and Deal Overview
    1:11 - Unique Features of the Sixplex
    3:16 - Rental Market Analysis
    6:01 - Property Layout and Neighborhood Development
    8:25 - CMHC’s MLI Select Program Insights Full Breakdown
    12:39 - Financial Projections and Rate Speculations
    22:41 - Closing Thoughts
    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.

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