Episode 84 - Market Fundamentals & the New Economy w/Andrew Hines

2020-10-07

Gary chats in this episode with Andrew Hines, a real estate investor and fellow podcaster. Gary has learned a lot from Andrew over the years. They talked about what’s happening in the condo market and what changes are taking place; inflation and the printing of money; what that means and where you should be putting your money; why some investors are experiencing some issues; what should you NOT do right now; why there’s no ONE Golden Rule for investors; and Andrew’s predictions of the next 3-6 months! Andrew got involved with with real estate as it could give him the life he dream...

What you'll learn:

How his upbringing played into his career choice
His friends were living in student rentals and why he chose that and the difference it made in peoples lives
The landlord has 80 units paying $500 per month!
How when he compared this investment to his dad’s salary, he realized it was double his dad’s!
He dabbled in US investing, development and why he moved on from them
He’s still in building materials
Why the ‘work hard all your life and retire on a pension and CPP’ no longer works, and is an outdated theory
What reasons made Andrew want to pursue investing
How he bought his first two properties in the first year, when he was 24
He ran out of money, how did he get his next property?
How a Heritage Control Bylaw derailed his plans
What was his Plan B because of this
What happens if you are losing money on an investment
What Andrew thinks will happen in Toronto w C19
What’s happening with commercial real estate, and how some are changing to residential
Why condos above 5+ floors are selling less quickly
What’s happening with the cottage market on the low and high end
What’s the difference between nominal and real GDP
Have we had real economic growth since the crash of 2008
Why business continues to be bailed out, and how it hurts every Canadian
How building material costs have skyrocketed, affecting starts and prices
What is Andrew’s favourite investment strategy right now?
Why our education system is not geared towards questioning and learning, but merely memorization
And MORE!

Andrew’s Bio

Andrew Hines is a real estate investor from Burlington Ontario and he's primarily invested in London Ontario. As of the time of publishing this video Andrew has a approximately $4,000,000 in personal real estate holdings and aspirations of growing his personal cash flow to $20,000 per month. Andrew promotes the use of the BRRRR method to achieve financial independence and he has become quite proficient in construction management, building and development due to his value-add approach to real estate investing. Andrew owns several companies, including a construction general contractor, and has built out multiple investment property units in Southwestern Ontario Canada.

The Andrew Hines Real Estate Investing Podcast - https://linktr.ee/theandrewhines

Facebook: https://www.facebook.com/theandrewhines

Instagram: https://www.instagram.com/theandrewhines

Website: http://www.andrew-hines.com

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Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

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