Control and Compound with Darren Mitchell23 Jan 2023

Master Keys Joins the Pod | #1 Real Estate Investing Podcast in Atlantic Canada

On today's episode, Darren and Christina had the pleasure of welcoming Neal Andreino and Chandler Haliburton, hosts of the Master Keys podcast, to the show. Master Keys is the #1 real estate investing podcast in Atlantic Canada and Neal and Chandler have their fingers on the pulse of all things real estate investing and development in Halifax and the surrounding areas.

The four chat about many different topics including Neal and Chandler's current portfolios, whether or not the BRRRR model can still be effective in today's market, their thoughts on the 2% rent cap, backyard suites and bungalows, and their future outlook on the East Coast market.

Show notes:

00:00 - Introduction

1:50 - How Neal and Chandler got into real estate

5:45 - Neal and Chandler's first purchase in the real estate world

14:30 - How Neal and Chandler grew their portfolios

19:55 - Is the BRRRR model still effective in Halifax…Canada?

22:50 - Breakdown of the Halifax market: past, present, and future

29:38 - Chandler's current land development

40:45 - How tough is it to get tradespeople in Halifax

43:40 - Cost of goods for construction

47:00 - Thoughts on the 2% rent cap

51:00 - Predictions on if the 2% rent cap will stick around

55:55 - Backyard bungalows and suites

1:03:10 - Application to get permits to build outside HRM

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