Breaking the Code on Multi – Family Investing with Pierre – Paul Turgeon
Property Profits Real Estate Podcast
English - August 28, 2019 22:00 - 19 minutes - 18.1 MB - ★★★★★ - 23 ratingsInvesting Business business entrepreneurship realestate investing entrepreneur marketing finance money leadership financialfreedom Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Find out how to grow your portfolio through multifamily investing, know how you can make that jump with raising capital from just a hundred thousand all the way up to millions, without going into debt, and learn the advantages of multi-family properties over other real estate strategies.
Resources/Links
Multifamily Investing Canada – Facebook Group
https://www.multifamilyinvestingcanada.com/
Summary
Pierre-Paul Turgeon is one of Canada’s leading multifamily investing authorities and a former CMHC multifamily underwriter. He is also a successful multifamily investor with a portfolio of 160 doors worth over $22M while at the same time being a national coach, speaker, and trainer in this subject.
In this episode, Pierre-Paul shares value-packed info about investing in multi-family properties, how to go about earning more and lowering operational expenses, picking the right size properties that will give you maximum income, and why multi-family investing provides you with a quick wealth multiplier effect.
Topics Covered:
01:07 How he got involved in real estate
04:51 What are the advantages of multi-family properties over other strategies
10:17 Which property size would give you the most income
11:56 Is it possible to scale up without going through the baby steps
14:57 How does he see people just starting out raise capital of million amount without getting into debt
Key Takeaways:
“So the bigger, the better. This being said, beggars can’t be choosers. There’s always an opportunity cost. Even a small 10 sweeter will make you money. Just sit on it long enough and you’re in a reasonable market. You’ll pay your principal down and the property will appreciate, then you’ll get a bit of cash flow and you’ll always make money. But the more units within the building, the more money you make. There’s no doubt about it.” – Pierre-Paul Turgeon
“Apartment buildings are a lot less labor-intensive because when you crunch the numbers, you got two operating expense items, one for a professional property manager and one for the onsite manager. So they’re the parties that handled the hassle of being a landlord. All right, so more, more time to myself.” – Pierre-Paul Turgeon
“To me, real estate investing is like a recipe and you can have a fairly predictable outcome as long as you really do your homework and do your assessment and evaluation of the asset of the market and all that.” – Pierre-Paul Turgeon
Connect with Pierre-Paul Turgeon:
www.multifamilyinvestingcanada.com/
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
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