Busting Apartment Investing Myths with Pierre-Paul Turgeon

Dec 18, 2019

Former CMHC under-writer, Pierre-Paul Turgeon, one of the leading educators of multifamily investing in Canada goes deep into how people can get started operating their own apartment building investments.

This episode covers a wide array of insights to help get you closer to apartment building ownership, including:

• Why multifamily apartment building investing is one of the safest asset classes in real estate
• The importance of doing your own due diligence when starting in a new geographic area
• The role of mindset and breaking down the psychological barriers that many succumb to when thinking about leveling-up
• The three major contributors to profit creation 
• Why cash flow should NOT be the only component that people look at when investing in commercial multifamily buildings
• The trade-off to high cash flow in strong markets and how to plan for cash flow depending on your risk tolerance.

Investing in apartment buildings is a long-term wealth creation vehicle and requires patience and careful planning.

“If you want to fly with the eagles, you can’t think like a pigeon”  P.P. Turgeon

“If you are looking to get rich overnight, then apartment building investing is not the right strategy for you”  P.P. Turgeon

 

Resources discussed in this episode:

E-book: www.multifamilyinvestingcanada.com

Connect with our guest:

Pierre-Paul Turgeon

www.multifamilyinvestingcanada.com

 

Connect with the hosts of the show

Mark Baltazar

Email: [e-mail] 

Instagram: https://www.instagram.com/mark_baltazar/

 

Mike Rockall

Email: [e-mail] 

Instagram: https://www.instagram.com/rockallrealestate/

More Resources:

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Visit our website www.peakmultifamily.ca

For more information about our investment strategy and other FREE resources to help guide you along your apartment building investment journey.