Carmen and Jordan welcome guest Andrew Hines, who is a real estate investor with a knack for renovations and new construction. The episode covers how to make a profit from renovations, including how to find the perfect flip, areas of concern, how to find and manage trades and contractors, along with areas of the home to focus on to maximize your return. As he shares his trade secrets today, you will quickly discover exactly why Andrew is considered by our hosts to be such an inspiring individual, providing the perfect example of how to achieve wealth through real estate.

Episode Highlights:

• Andrew’s background
• The importance of due diligence when purchasing a flip or renovation property
• Finding a suitable property
• What to look for in a physical building
• Using and learning from a qualified home inspector
• The types and areas of renovations that add value
• Finding people in the trades you can trust
• Tips for hiring a contractor
• A case study of one of Andrew’s properties

Quotes:

“It’s not like I’ve had it figured out the whole way.”

“There’s big money to be had in real estate.”

“Make it the nicest house in the neighborhood.”

“You have to know what your product is worth when you’re done.”

“Find out what that area needs.”

“This is not a passive investment.”

“Real estate is probably, I think it’s the number one…single source of millionaires being created in the world.”

“I like to attract a nice tenant. I want a professional, somebody who’s proud of their home.”

“The less you know, the more you need to be on site.”

“No matter how I look at it, I’m happy for that one.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/