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In E114 of the REI Hot Seat, Andrew Hines and Jacob Campagnaro, discuss a turnkey triplex investment opportunity in St. Catharines, Ontario, highlighting its potential for entry-level and smaller-scale investors.
The property features two one-bedroom units and one three-bedroom unit, with additional income opportunities through storage lockers or converting the basement into a fourth unit.
They delve into investment strategies, including leveraging a Vendor Take-Back (VTB) mortgage to minimize the down payment and maximize cash flow.
The discussion emphasizes the importance of tenant management, suggesting the use of virtual assistants and vendor lists for maintenance to streamline operations. Value-add options, such as adding basement storage lockers, could increase property value by an estimated $36,000 at a 5% cap rate.
The episode concludes with a call for audience feedback to tailor future content, making it an informative session for investors looking to refine their strategies and explore creative financing solutions.
Contact Jacob directly through his Instagram if you have any questions or suggestions for future episodes: https://www.instagram.com/jacob_campagnaro/
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E114 The Perfect First Investment Property?
0:40 - Intro
1:17 - Triplex Property Overview
2:57 - Vendor Take-Back (VTB) Mortgage Strategy
4:55 - Financing Details and Buyer Strategy
8:50 - Property Management Tips
16:08 - Adding Value Through Storage Lockers
18:26 - 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.
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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.
