The U.S. Real Estate Playbook for Canadians Pt 4: Smart Metrics That Save Deals
Apply for mentorship through the Fruitful Investing Academy at: https://investingintheus.com/applyIn this episode, I walk through some of our recent U.S. investing wins and lessons learned to show why sticking to clear investment metrics is so important. My rule of thumb is simple: buy land around 50¢ on the dollar and houses at about 70¢ minus renovations, which usually works out to 50–60¢ overall. One of our best examples was a cosmetic flip near Atlanta—a solid-brick home we bought for about $96,000, put roughly $50–60,000 into, staged beautifully, and sold for $239,000 within a week, earning around $60,000 profit. That one worked because we stayed disciplined, kept the finishes simple and appealing to the local market, and made sure the house felt move-in ready for most buyers.On the other hand, a rural Florida property reminded us how tricky low-volume markets can be. We bought a house on ten acres where comparable sales were scarce and the price guidance we received turned out to be overly optimistic. The property eventually sold for around $505,000—well below the range we’d expected—so while we didn’t lose money, we barely broke even. It reinforced for me how essential it is to work with proven local agents who can back their numbers with solid data.Lastly, I discussed a more complex project in Houston involving three small properties on one lot that required a lengthy re-plat and subdivision before we could sell them individually. We faced delays, unreliable contractors, and even a bad referral, but eventually turned things around—selling one unit for $110,000 and preparing the other two for around $150,000 each.The big takeaway from all of these experiences: stay conservative, verify every partner and referral, plan for multiple exits, and never deviate from your buy box. That discipline is what keeps deals profitable—or at least safe—no matter how unpredictable the market gets.E292: The U.S. Real Estate Playbook for Canadians Pt 4---Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.
