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

The U.S. Real Estate Playbook for Canadians Pt 5: Finding Hidden Sellers

·38 min·2 clips

Andrew shows how a tired landlord becomes a call target with a name, address, and phone number.

Andrew Hines keeps the U.S. investing miniseries moving with a practical seller-finding lesson. He opens by saying he is excited to talk about the U.S. side of real estate, and the contrast with Canada matters to him. U.S. information access is the main point. He says some of the data sharing he uses would be illegal in Canada. That difference, in his view, helps him push the business downhill. He then promises a simplified live demonstration of how he finds sellers, and ties that process to actual deals he has already done. The Cleveland, Tennessee property comes first. It is a subject-to deal, meaning the seller's mortgage was taken over. He explains why that can work for a seller who needs out of a property. The seller may avoid a power of sale or foreclosure situation. The buyer gets a property with favorable financing. He walks through the spreadsheet for the deal. The numbers include roughly 1450 in rent, a 10000 reno budget, about 2200 in agent cost, and about 27000 all-in. He says the deal produces about 208 in monthly cash flow, and points to an ROI around 37 percent. He then shows the mortgage statement and the 2.87 percent rate on a 25-year mortgage. After that, he moves to a Bell, Florida property and mentions land clearing at the front. He keeps the focus on how seller sourcing, favorable debt, and hands-on execution create the opportunity.

As heard by us

A clear walkthrough of U.S. seller-finding and deal math for a Canadian buyer.

Andrew Hines uses this installment of the U.S. investing miniseries to show how he finds U.S. sellers and why the country's looser information rules matter to a Canadian investor. The episode is strongest when it moves from the broad Canada-U.S.

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Why you'd press play

You want a real-world look at the U.S. investing side, with a live demo of how sellers are found and one subject-to deal recapped.

Read the full recommendation in PlayNext →

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