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

<p class="p1">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 dreamed of, coming from a family home where his parents struggled.</p> <p class="p1">What you'll learn:</p> <ul class="ul1"> <li class="li1">How his upbringing played into his career choice</li> <li class="li1">His friends were living in student rentals and why he chose that and the difference it made in peoples lives</li> <li class="li1">The landlord has 80 units paying $500 per month!</li> <li class="li1">How when he compared this investment to his dad’s salary, he realized it was double his dad’s!</li> <li class="li1">He dabbled in US investing, development and why he moved on from them</li> <li class="li1">He’s still in building materials</li> <li class="li1">Why the ‘work hard all your life and retire on a pension and CPP’ no longer works, and is an outdated theory</li> <li class="li1">What reasons made Andrew want to pursue investing</li> <li class="li1">How he bought his first two properties in the first year, when he was 24</li> <li class="li1">He ran out of money, how did he get his next property?</li> <li class="li1">How a Heritage Control Bylaw derailed his plans</li> <li class="li1">What was his Plan B because of this</li> <li class="li1">What happens if you are losing money on an investment</li> <li class="li1">What Andrew thinks will happen in Toronto w C19</li> <li class="li1">What’s happening with commercial real estate, and how some are changing to residential</li> <li class="li1">Why condos above 5+ floors are