E071 Sixplex Strategy for Maximum Profit

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form Today we dissect an exciting real estate investment opportunity that's come our way—a vacant sixplex in St. Catherine's, Ontario. Jacob brought to light a unique situation where the seller, through agreements with the tenants, has vacated the property, presenting a golden opportunity for investors. This setup is particularly appealing for those looking to leverage the BRRRR strategy, sidestepping the common hurdle of tenant displacement. We delved into the nuts and bolts of the property, discussing its current state, the ballpark figures for renovation costs, and the potential rental income post-renovation. The financing aspect of this deal also sparked an intriguing conversation, where we explored various options, including conventional mortgages, CMHC-insured loans, and bridge financing. The rarity of stumbling upon a vacant multifamily property like this, combined with the strategic renovation and tenant placement, spells a high ROI potential. E071 The Sixplex Strategy for Maximum Profit with Jacob Campagnaro Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: https://www.instagram.com/reihotseat/ 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.