The Andrew Hines Real Estate Investing Podcast · Andrew M. Hines

The U.S. Real Estate Playbook for Canadians Pt 1: Where Smart Investors Are Going

·27 min·1 clip

A Cleveland, Tennessee rental cost $175,600, needs $10,000 in renovations, and should cash flow about $215 a month.

1. The Andrew Hines Real Estate Investing Podcast returns with a mini-series focused on U.S. real estate investing for Canadians. 2. Andrew Hines is the host and a Canadian investor, and he matters here because he says he has been investing in the U.S. since 2012. 3. The episode asks why U.S. markets look more workable than Canadian residential real estate for someone starting from scratch. 4. Andrew says Canadian residential investing has lost cash flow because of higher interest rates and rents being pushed down. 5. He also says appreciation is no longer a reliable cushion in Ontario, especially for flips. 6. He cites a recent U.S. purchase where about $14,000 down produced roughly $250 a month in cash flow and a 26-year mortgage at 2.85%. 7. He says U.S. sellers can often be found through public records, cold calls, and tools like PropStream. 8. He describes buying houses at around 60 cents on the dollar and land at 40 to 50 cents in some cases. 9. He says Florida and Georgia are primary markets for his team, while Jacksonville and Tallahassee come up as examples of affordable cities. 10. He also describes a Mississippi opportunity with two houses side by side for $18,000 and a projected cap rate above 60%. 11. Andrew breaks down a Cleveland, Tennessee rental at $175,600, about 1,200 square feet, with three bedrooms and two bathrooms. 12. He says that deal includes about $10,000 of renovations, a $164,000 mortgage, 9% management, and about $215 monthly cash flow. 13. He says the Cleveland deal was bought subject-to, meaning the seller’s mortgage stayed in place while the buyer took over payments. 14. Andrew says the property was a little under 38% ROI because he expects mortgage paydown, cash flow, and some appreciation. 15. He then compares that with a Jacksonville flip where the house was bought two or three years earlier for $250,000 and renovated for $144,000. 16. He gives another example in Georgia involving a gravel pit that was bought for $14,000 and sold for $34,522 to the buyer side after costs. 17. Andrew’s tone is direct and explanatory, with long screen-share style breakdowns of spreadsheets and HUD statements. 18. The format is a solo commentary rather than an interview, and he repeatedly pauses to explain deal math and strategy. 19. Anyone interested in Canadian-friendly U.S. investing strategies and off-market deal structures would likely get value from this episode. 20. Anyone looking for a light overview without numbers or deal mechanics may skip it.

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