• E138 Inside a Power of Sale Deal Breakdown
    Jul 7 2025

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


    In episode E138 of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro do a deep-dive deal analysis on a 23-unit power of sale multifamily building in St. Thomas, Ontario.


    They walk through the nuances of underwriting this type of distressed property, which is fully renovated but vacant and missing appliances and a boiler.


    The conversation covers how power of sale transactions differ from typical sales—banks require MLS listings, strict bidding timelines, and offer "as is, where is" sales with no representations or warranties, making due diligence crucial but limited.


    They discuss challenges like renting out 23 units quickly in a cooling market, strategies such as furnished midterm rentals for visiting professionals, and the need for substantial upfront capital for carrying costs and renovations.


    Using conservative assumptions, they model expected rents, costs for appliances and a boiler, and stabilization timelines, concluding that after refinancing (CMHC takeout), an investor might leave roughly $370K in the deal while achieving 12–13% cash-on-cash returns—potentially higher when factoring in mortgage paydown.


    They stress that while this is not for undercapitalized or inexperienced buyers, it’s a solid opportunity for sophisticated investors able to manage the complexities and risks.


    The episode ends with reflections on investment timelines, emphasizing that successful real estate strategies increasingly demand patience, scale, and careful underwriting in a market where easy flips are no longer the norm.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E138 Inside a Power of Sale Deal Breakdown


    1:16 - St. Thomas Power of Sale Deal Intro

    3:40 - Power of Sale Process Explained

    9:02 - Rent Projections & Absorption Risk

    11:08 - Furnished/Midterm Rental Strategy

    12:46 - Renovation & Stabilization Costs

    15:06 - Refi Analysis & Cash-on-Cash Returns

    17:14 - Long-Term Investment Mindset


    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.

    Show More Show Less
    22 mins
  • E137 Avoid These Due Diligence Mistakes on Your Next Deal
    Jul 3 2025

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


    In episode E137 of the REI Hot Seat, Andrew Hines, Jacob Campanaro, and David Hulshoff dive deep into analyzing a 12-plex building deal in Waterloo while engaging in their signature candid banter.


    They begin by exploring the paradox of rising vacancies in Ontario despite housing shortages, attributing it to factors like people consolidating households due to affordability issues, Ontario's slowing population growth, and a glut of new rental condos hitting the market.


    The conversation shifts to the specific deal: a purpose-built 12-unit building with predominantly large three-bedroom, two-bath units—a rare configuration offering potential rental upside despite a higher per-unit acquisition cost.


    Throughout, they emphasize the reality of underwriting conservatively in a buyer’s market, noting CMHC financing advantages, potential value-add opportunities even in fully occupied buildings, and the importance of filtering out overhyped deals with unrealistic seller numbers.


    The team also reflects on broader market dynamics—including the challenges with pre-construction inventory flooding rental markets, regional vacancy variations, and the long-term investment appeal of Ontario despite short-term headwinds.


    The episode closes on the importance of building spreadsheets, questioning assumptions, and maintaining a disciplined approach to ensure deals truly work without relying on optimistic projections.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E137 Avoid These Due Diligence Mistakes on Your Next Deal


    01:45 – Overview of the Waterloo 12-Plex

    03:20 – Rent and Price Per Unit Analysis

    07:34 – Cap Rate and Income Breakdown

    09:13 – Laundry Revenue Deep Dive

    12:06 – Due Diligence and Underwriting Process

    16:59 – Causes of High Vacancies

    19:01 – Burlington Vacancy Example

    25:08 – Buyer’s Market Opportunities

    25:58 – CMHC Financing Strategy

    28:56 – Cash Flow and Lift Potential

    31:14 – Long-Term Appreciation and Exit Strategy


    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.

    Show More Show Less
    35 mins
  • E136 How to Analyze Commercial Real Estate Deals Like a Pro
    Jun 24 2025

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


    In episode E136 of the REI Hot Seat, Andrew Hines and Jacob Campanaro do a deep dive into the fundamentals of commercial and industrial real estate investing, with a focus on terminology, lease structures, and investor analysis techniques.


    The episode responds to growing audience interest in commercial spaces like retail and industrial properties, shifting from the podcast’s usual multifamily content.


    Jacob breaks down key elements of analyzing a commercial property including location, tenant quality, lease terms, rent escalations, and expense structures like triple net and gross leases.


    Using examples like Shoppers Drug Mart and Beer Store, they explore how tenant strength, lease renewal options, and recoverable expenses impact value and investment returns.


    They also discuss the importance of understanding market recovery costs, managing capital expenses through amortization, and preparing for tenant turnover risk.


    The episode emphasizes due diligence and working with professionals, especially in complex commercial transactions, and wraps up by teasing a follow-up episode with a real mixed-use deal breakdown.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E136 How to Analyze Commercial Real Estate Deals Like a Pro


    00:25 – Intro to Commercial Deal Analysis

    01:25 – Key Terminology Overview

    03:10 – Location and Tenant Basics

    04:07 – Retail Commercial Example

    05:15 – Lease Terms & Renewal Options

    10:21 – Lease Types: Triple Net vs Gross

    13:34 – Capital Expenses & Amortization

    17:29 – Land Lease Example: KFC Inquiry

    20:25 – Gross vs Semi-Gross Explained

    22:15 – Rent Escalations & Revenue Breakdown

    24:38 – Commercial vs Multifamily Risk

    28:14 – Cap Rates vs Risk Tradeoff

    30:02 – Conversion Potential & Exit Options

    31:26 – Final Performa Walkthrough & Tips


    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.

    Show More Show Less
    36 mins
  • E135 CMHC Trick Most Investors Miss
    Jun 16 2025

    Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-formIn episode E135 of the REI Hot Seat, Andrew Hines and Brad McCrae break down a unique investment opportunity in Hamilton—a historic heritage property that once belonged to a former mayor.The building features standout architecture, tall ceilings, and spacious units, offering immediate cash flow and multiple value-add strategies. With five current units (including one in the basement), the property presents several avenues for increasing density: adding a studio unit in the basement, legalizing the current non-conforming unit, building into the large attic, or potentially adding a unit off the back of the structure. The property boasts strong fundamentals, including large square footage per unit, a substantial parking lot, and tenant appeal thanks to the character and quality of the finishes. Brad explains how the deal could work well for a house hacker, given the potential to live affordably on-site with as little as 10% down. Financing strategies, CMHC considerations, and potential cash flow scenarios are also discussed. With its charm, upside, and flexibility, this property stands out as a rare and adaptable investment opportunity.Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.Andrew's linktree : https://linktr.ee/theandrewhinesREI Hot Seat Instagram: https://www.instagram.com/reihotseat/Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/E135 CMHC Trick Most Investors Miss00:38 – Why This Property Stands Out01:15 – Cash Flow from Day One + Future Upside04:54 – Basement Height Surprise and Conversion Ideas06:33 – Legalization Potential for Basement Unit10:09 – Financing Strategy and CMHC Considerations11:22 – House Hacking Option with 10% Down12:35 – Cash Flow Projections and Down Payment16:17 – Potential for Backyard Unit AdditionDisclaimer: 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.

    Show More Show Less
    19 mins
  • E134 Real Estate Math Most Investors Are Still Getting Wrong
    Jun 10 2025

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


    In episode E134 of the REI Hot Seat, Andrew Hines, David Hulshof, and Jacob Campagnaro conduct a deep dive into an eight-unit townhouse investment opportunity in Minto, Ontario.


    They emphasize the importance of realistic underwriting in today’s market, highlighting that cash-on-cash returns of 6–7% are increasingly rare and that appreciation can no longer be relied upon as a near-term driver of returns.


    The property under review is separately metered, has below-market rents, and shows potential for significant upside if even one unit turns over at market rates—raising the cash-on-cash return dramatically.


    However, the team underscores that tenant turnover can’t be assumed, especially in buildings occupied by elderly, long-term residents.


    They also explore financing through CMHC, the impact of debt coverage ratios, and the practical challenges of acquiring small multifamily assets with efficient loan terms.


    Beyond the deal analysis, the hosts stress the importance of submitting offers, even below asking price, as a way to shape seller expectations and eventually land quality deals.


    The conversation touches on tenant relations strategies and contrasts multifamily with growing investor interest in industrial and commercial real estate, promising a future episode focused on analyzing a flex-use commercial asset.


    The episode ultimately encourages proactive deal-making and long-term thinking, especially in tertiary markets where opportunities can still be created with patience and creativity.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E134 Real Estate Math Most Investors Are Still Getting Wrong


    01:14 – Minto Townhouse Deal Overview

    03:35 – Expense Ratio & Rent Breakdown

    06:34 – Listing Price vs Market Value

    07:15 – Why You Should Submit Offers

    09:43 – CMHC Financing Breakdown

    13:06 – Cash Flow & Turnover Potential

    16:00 – Tenant Profile Considerations

    21:00 – Long-Term Upside Strategy

    24:30 – Creating On-Market Deals

    25:38 – Rise of Industrial & Commercial


    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.

    Show More Show Less
    29 mins
  • E133 From Forgotten Town to Investment Goldmine?
    Jun 3 2025

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


    In episode E133 of the REI Hot Seat, Andrew Hines and David Hulshof present a deep-dive into a 27-unit, three-building portfolio in Cobalt, Ontario, spotlighting a rare investment opportunity in a town undergoing economic revival.


    The centerpiece of the discussion is the town’s strategic importance as a cobalt mining hub, now revitalized by a $25 million USD capital injection—$20 million from the U.S. military and an additional $5 million from the Canadian government.


    This funding aims to reestablish North American cobalt production amid rising demand for electric vehicle batteries and reduced reliance on ethically questionable foreign sources.


    The hosts discuss the implications of investing in a "one-trick pony" mining town, acknowledging the inherent risks but highlighting how dramatically low acquisition costs—just $35K per unit—paired with a full BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) create a powerful upside scenario.


    The buildings, recently upgraded with over $750K in capital expenditures, still offer room for further renovation and rent optimization, with projected cash-on-cash returns and a refinance-based capital recycle that could leave investors with nearly zero money left in the deal and $27K in annual cash flow.


    They also touch on current market dynamics—uncertainty, pricing pressure, and how only the most compelling deals are selling—as well as the importance of strategic pricing and investor discipline in today’s climate.


    With population in Cobalt projected to rebound due to the mining resurgence, this deal is pitched as a calculated bet on a town at the leading edge of a commodity-fueled comeback.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E133 From Forgotten Town to Investment Goldmine?


    02:00 U.S. Military & Canadian Government Invest $25M USD

    04:59 Only Compelling Deals Are Selling

    07:49 Deal Overview: 27 Units for $950K

    10:20 Modelling the BRRRR Strategy

    14:00 Projected Returns & Cash Flow

    16:56 Cobalt’s History & Future Outlook

    19:15 Deal-in-a-Box Approach



    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.

    Show More Show Less
    20 mins
  • E132 What Smart Investors Should Look for in Multifamily Deals?
    May 27 2025

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


    In episode E132 of the REI Hot Seat, Andrew Hines is joined by David Hulshof and Jacob Campanaro for an in-depth analysis of a 17-unit apartment building in Goderich, Ontario.


    The trio dives deep into the numbers, evaluating the building's current and projected performance using a CMHC-insured loan model.


    They discuss total return vs. cash-on-cash return, highlighting that smart investors must account for both operational costs and long-term capital expenditures (capex), such as roofs, boilers, and windows, even when they don’t immediately impact rent.


    The property is a purpose-built structure with a steel roof and most utilities passed through to tenants.


    The team estimates a 5.5% cash-on-cash return with $32,000 annual net income on a $585,000 investment at a $3 million purchase price.


    Jacob also highlights the rare value of handicap-accessible units, which can command higher rents, and they touch on the potential of small-town Ontario markets like Goderich and Kincardine, which have strong rent demand, higher-than-expected incomes, and lifestyle appeal.


    The episode wraps with advice on analyzing deals quickly using gross rents, cap rates, and value-add projections, showcasing the Goderich property as a solid hybrid between turnkey and value-add investment, with potential for long-term appreciation and stable cash flow.


    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/

    Jacob Campagnaro Instagram: https://www.instagram.com/jacob_campagnaro/

    David Hulshof Instagram: https://www.instagram.com/davehulshof.realestate/


    E132 What Smart Investors Should Look for in Multifamily Deals?


    00:50 – Overview of 17-Unit Goderich Deal

    03:58 – Seller’s Price & Renovation Status

    05:07 – Accessible Units and Rental Premiums

    07:31 – Small-Town Rent Potential & Demographics

    09:45 – Parking, Storage & Revenue Opportunities

    11:37 – Realistic Property Management Costs

    14:59 – Operating Expense (OPEX) Benchmarks

    19:09 – Deal Breakdown & Financing with CMHC

    21:37 – Understanding Capital Expenditures (CapEx)

    24:59 – Adjusting Cap Rate for Renovations

    29:03 – Stabilized Value vs. Purchase Price

    31:30 – Hybrid Deal Strategy Summary



    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.

    Show More Show Less
    33 mins
  • Why Aren’t More Investors Buying Industrial Properties?
    May 23 2025

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


    In episode E131 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro dive into the growing appeal of industrial real estate as an alternative to multifamily investing—especially for those frustrated with Ontario’s landlord-tenant regulations.


    Unlike residential properties, commercial leases fall under contract law, giving landlords more control and fewer bureaucratic hurdles.


    The episode focuses on a Burlington, Ontario listing and explains the fundamentals of the small bay industrial asset class—properties typically used by tradespeople and small manufacturers that feature flexible-use units with roll-up doors.


    Jacob outlines why investor interest in industrial assets is surging: rising cap rates in multifamily, recession-proof tenant demand, and leaner operating models through triple net leases (NNN), where tenants cover taxes, maintenance, and insurance.


    He contrasts this with gross leases and emphasizes the importance of understanding lease structures.


    Due diligence is also covered in depth, including building condition assessments, environmental reports, and lease audits—highlighting risks like contamination and lease expiry clustering.


    They also touch on financing challenges for partially vacant commercial assets and suggest strategies like vendor take-back mortgages (VTBs) to bridge gaps before refinancing.


    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/


    E131 Why Aren’t More Investors Buying Industrial Properties?


    00:40 Intro

    02:08 Industrial?

    07:03 Location, Demand & Tenant Mix

    10:48 Deal Breakdown: Burlington Property

    15:35 Triple Net (NNN) vs. Gross Leases

    21:42 Due Diligence & Environmental Risk

    25:09 Lease Terms & Financing Challenges

    28:16 Entry Costs & Scaling Industrial

    30:02 Community, Meetups & Final 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.


    ---


    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.

    Show More Show Less
    33 mins