E033 First Florida Development House Sold!

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form Andrew's linktree : https://linktr.ee/theandrewhines Andrew's Insta: https://www.instagram.com/theandrewhines/ In this episode Andrew discusses the good, the bad and the ugly with his First Florida development flip. this is a single family residential home that he developed over the past year and a half and has now secured a firm sale which is closing at the end of the month. As with any new venture, there are learning opportunities along the way and in this episode Andrew iterates the profitability of the project, the successes and the challenges. A big takeaway is just how simple developing homes can be with the right experience, strategic partnerships and teams. tune in for the full details on this one! 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.