On to this week’s show.
As always, we do our best from time to time to bring you leading authorities in investing and today I wanted someone to talk to investing in Alberta who also happens to invests in apartment buildings. His name is Pierre Paul Turgeon and he has 160 doors valued at over $22 million. Pierre-Paul is a former CMHC underwriter so he was the financial expert who reviewed the financials of apartment buildings and apartment building investors to decide if CMHC would insure the mortgage.
Pierre-Paul is very knowledgeable, he doesn’t pull any punches today so apologies in advance to anyone he offends.
He shares where his research went wrong before the most recent oil crash, the challenges of operating apartment buildings during those times. Where the oil, Alberta, apartment building market is going. The silver lining of a major fire in one of his apartment buildings where his daughter lived. How he’s renovating for the new wave of tenants moving into Alberta.
Pierre-Paul has lots of tips so listen close if this is a subject you’re interested in and please enjoy the show!