In E275, Andrew Hines hosts Ian Armour to discuss Cleveland real estate investing. Ian, originally from the East Coast of Canada, and his partners Manny Shiferaw and Thomas Lorini, are investing in Cleveland for its attractive cash flow properties despite its not-so-glamorous reputation. They’ve undertaken significant projects, purchasing multiple apartment units, and are in the process of acquiring a 97-unit building.
Ian explains their strategy for selecting markets based on the gross rent multiplier and other vital metrics like population stability. They have found success by participating in the CMHA program, which offers higher rents through Section 8. Their operational strategy involves partnering with experienced property managers who are also investors, providing them with insights and practical assistance on the ground.
The episode delves into how Ian and his partners set up their investment structures, including LP-GP setups for tax efficiency and managing risks through diverse funding and operational roles. They focus on ensuring their investments are sound by avoiding government-overregulated areas and choosing properties with growth potential. The trio’s approach exemplifies a strategic and methodical way to capitalize on less popular markets that offer significant returns.
Check out the episodes with Ian Armour’s partners Manny Shiferaw and Thomas Lorini.
Sponsors:
Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr
Connect with Ian Armour:
Instagram: https://www.instagram.com/ian_armour/
LinkedIn: https://ca.linkedin.com/in/ian-armour-780b52190
Refined Real Estate Podcast: https://www.instagram.com/refinedrealestatens/
LISTEN TO THE PODCAST
Listen on Apple Podcasts: https://itunes.apple.com/ca/podcast/the-andrew-hines-real-estate-investing-podcast/id1453461753
Listen on Spotify: https://open.spotify.com/show/2ND7vIkJhmIEEk73aCwKhE
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