E124 Is This the Fastest Way to Analyze a Deal?

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-formIn E124 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro return with another live deal analysis episode, focusing on how to quickly evaluate whether a real estate listing passes the “sniff test.” They emphasize the importance of providing feedback to realtors when analyzing deals, noting that this can spark productive negotiations even when a deal doesn't initially work. The episode breaks down three distinct listings: a 10-unit non-purpose-built Victorian-style apartment in Hamilton, a renovated duplex in Chatsworth, and a purpose-built 18-unit building in Kitchener. Each is examined using various investor metrics including dollar-per-door, cap rate, and the “0.65 rule,” which compares monthly rent to purchase price. They explore the pros and cons of purpose-built vs. non-purpose-built buildings, highlighting that many non-purpose-built properties offer strong cash flow potential despite higher maintenance risks. The episode also touches on financing conditions, discussing how recent drops in bond yields could make more deals viable. They conclude by encouraging viewers to engage with realtors, share feedback, and get on insider lists to access off-market opportunities.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/E124 Is This the Fastest Way to Analyze a Deal?00:45 – Intro03:03 – Deal #1: 10-Unit Non-Purpose-Built in Hamilton12:33 – Deal #2: Renovated Duplex in Chatsworth18:20 – Deal #3: 18-Unit Purpose-Built in Kitchener26:11 – Importance of Feedback to Realtors26:48 – Bond Yields & Financing Strategy29:23 – Off-Market Deals & Insider AccessDisclaimer: 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.