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In E116 of the REI Hot Seat, Andrew Hines is joined by Brad McCrae and David Hulshof to analyze an on-market 12-unit multifamily property in Wasaga Beach.

The team explores the potential of the property, emphasizing its cash flow, development opportunities, and creative financing strategies through CMHC.

Key highlights include leveraging the property's location near new developments, such as a recently built casino, and the benefits of holding cash-flowing properties while working on development plans.

They also discuss Airbnb arbitrage, the importance of due diligence (e.g., environmental inspections and lease reviews), and strategies for negotiating favorable financing terms.

This episode underscores the viability of on-market deals in secondary markets for investors who prioritize safety, sustainability, and incremental value-add opportunities.

Don't forget to join the Insiders list for access to off-market deals and other unique opportunities.