Co-Working Real Estate with Kane Willmott | EP175

Austrian Economics with Walter Block | EP178

Walter is an American Austrian Schooleconomist andanarcho-capitalisttheorist. He was the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the School of Business atLoyola University New Orleansand a senior fellow of the non-profit think-tankLudwig von Mises InstituteinAuburn, Alabama

In this episode, we talked about:

•⁠ ⁠Walter’s Bio & Background
•⁠ ⁠Friedrich Hayek Works
•⁠ ⁠Austrian Approach to Business Cycles and Economy Recession
•⁠ ⁠Free Speech
•⁠ ⁠Monopolies
•⁠ ⁠Rent Control

Useful links:
Friedrich Hayek “Prices and Production”, “Human Action”, “Man Economy”

Transcriptions:
Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica Galley And. on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. ladies and gentlemen, my name's Jesse Fragale. You're listening to Working Capital. The Real. Estate Podcast. It is my special honor to have Walter Edward Block on the show. Walter is an American, Austrian School economist, and anarcho capital theorist.

He was the Herald e worth eminent scholar, endowed chair in economics at the School of Business at Loyola University in New Orleans, and a senior fellow of the non profit think tank, Ludwig von Mises Institute in Auburn, Alabama. How's it going? Walter? Pretty

Walter (50s): Good. I want to add, I'm not just an American economist, I'm also a Canadian. I worked for the Fraser Institute for about 12 years from 1979 to 1991. And I am a, a Canadian citizen, so I'm, I'm also, I don't know how to say out and about yet correctly, but otherwise I'm a Canadian as well. You're

Jesse (1m 12s): Out of the, out of the closet. Out of the closet on the Canadian front that, yeah, that is, that is news to me. Were you born in, in Canada or just citizenship?

Walter (1m 22s): Brooklyn.

Jesse (1m 23s): Brooklyn, New York. Brooklyn. Okay. That's what I thought. Interesting. Okay. Well, you know, for those that don't know on the podcast, we mainly talk real estate with, as listeners know, we sprinkle in economists. I think you're, you're definitely unique in the sense that some of your thoughts may not be in the mainstream of, of your typical left right kind of political ideology. I, I kind of discovered you in, in high school actually, with, with some of the works that I think you wrote in the seventies, if I remember correctly.

And I just think that the, some of the concepts that you talk about touch on real estate, rent control, some of the economic aspects, minimum wage. But for those that that don't know your work, don't know you Walter, maybe you could give a bit of a background, you know, how, what was your journey, you know, become an economist and, and what you do today?

Walter (2m 14s): Well, it all started with me and Bernie Sanders. Bernie and I went to high school together for, we overlapped for four years, and we were sort of buddies because we were on the same track team and we ran the same events. I have to tell you, my Bernie Sanders joke, it's not at his expense. Bernie Sanders joke is that Bernie doesn't run away from much, he didn't run away from socialism even before socialism became as popular as it is now.

Banks, in part to his efforts, he didn't run away not only for ex-cons voting, but even convicts voting. But there's one person that he ran away from, and that's me. Why? Because we both did the same event about a mile, and his time was about four 30 and I never broke five minutes.

Selling Thousands of Apartment Units in Less Than a Year with Brian Burke | EP177

Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets.

Brian is the author of “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications” and is a frequent speaker at real estate investment forums and conferences across the country.

In this episode, we talked about:

• Brian’s Bio & Background
• About Praxis
• Getting Deals
• How “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications” Book was Born
• Investor’s Capital Deployment
• Debt Fund
• 2025 Outlook

Useful links:

https://praxcap.com/

Broker Roundtable | EP176

In this episode, we talked about:

•⁠ ⁠Convincing Orders to Sell
•⁠ ⁠Land and Marketing Listings
•⁠ ⁠Finding Buyers
•⁠ ⁠Tips for Negotiating and Closing Transactions

Co-Working Real Estate with Kane Willmott | EP175

Kane Willmott is the Co-Founder and CEO of iQ Offices, a luxury coworking company with locations in Toronto, Vancouver, Ottawa and Montreal. Kane has over 20 years of entrepreneurial experience, assisting in the startup of multiple real estate brokerages as well as a public company listed on the Toronto Stock Exchange.

In this episode, we talked about:

• Kane’s Background & First Steps in Real Estate
• Co-Working Workspace Evolution
• Enterprise Co-Working
• Co-Working vs Sublease/Lease
• Office Market Overview
• Resources

Useful links:

https://www.iqoffices.com/

https://www.linkedin.com/in/kane-willmott/?originalSubdomain=ca

Transcriptions:
Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica Galley And. on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. ladies and gentlemen, my name's Jesse Ali, and you're listening to Working Capital. The Real Estate Podcast. My guest today is Kane Willmott. Kain is the co-founder and CEO of iQ Offices, a luxury coworking company with locations in Toronto, Vancouver, Ottawa, and Montreal Kane, how you doing?

Kane (37s): I'm good, Jesse. How are you doing?

Jesse (39s): Doing great today. So for, you know, for those that don't know, iQ Offices the largest Canadian node coworking operator with eight locations in downtown Toronto, Vancouver, Ottawa, and Montreal. And I think I've got e everyone there. Is that right? Kane? You

Kane (52s): Got it. Perfect.

Jesse (54s): So, Kane, for those that you know, for those that don't know who you are, are iQ, Offices. What we'd like to do with most guests is basically have a little bit of a backgrounder on how you got into the real estate space, and then maybe we could talk a little bit of about iQ and how you got into that world after.

Kane (1m 10s): Great. Yeah, well, I'll try and make it a short story because I've been in the, in the business quite a while, but I started at a university at Pricewaterhouse, large accounting firm, and I found out very early on that that, that, that really wasn't for me in terms of the job and what I was doing every single day. And, but it, it taught me a lot about, about what I wanted to do really with the rest of my career. And I moved to Toronto that I, I went to school in Waterloo, moved to Toronto, and got into brokerage in 1998 and had the great fortune of working for Craig Smith and Brian Murphy.

Craig Smith started Asher Urban Realty. And I went over and started that with him about a year into my career. So I had the opportunity to really go through, starting up a business very early on in my career, in a fairly low risk way from an opportunity cost perspective. And, and I had a lot of great mentorship and guidance from Craig Smith. So from there started another brokerage with another partner, ultimately took a company public, and then started a company called Spire Commercial Realty, another brokerage with Alex Sharp, who's my business partner now in iQ Offices.

So we started Spire in 2009, focused on investment sales, and then in 2012 we got into iQ. So that's like the, the short genealogy of, of how we got to where we are now. But I can say in terms of why we started iQ, I started in office leasing in 98. And what I found in 2011 when we started looking at this as a business model, is that office space was transacting in t

Investing in the US: Real Estate Investor Strategies with Tax Expert Chris Picciurro | EP174

Chris Picciurro is a highly respected expert in US-based Tax Planning and Strategy for Real Esate Investors, with international recognition as a presenter on the subject. He is based in Franklin, TN, where he currently resides with his family. Chris holds several accreditations, including a CPA, MBA, PFS, and ARA. He is an accomplished public speaker, recognized for delivering informative and engaging presentations at notable events hosted by organizations such as the National Association of Tax Professionals (NATP), Michigan Association of CPAs, and the Memphis Investment Group. He also previously participated as an Adjust Professor at Baker College and Davenport University.

In this episode, we talked about:

• Chris’s Bio & Background
• Canadian Investing in the United States
• Dealing with Losses in Real Estate
• Depreciation
• Offsetting Gains
• Tax Considerations
• Asset Disposition
• Resources

Useful links:

https://www.chrispicciurro.com/

https://www.linkedin.com/in/picciurro/

https://www.facebook.com/YourRealEstateCPA/

Transcriptions:
Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica Galley And. on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. ladies and gentlemen, my name's Jesse Alii. You're listening to Working Capital. The Real Estate Podcast. My returning guest today is Chris Paterno is a respected expert in US-based tax planning and strategy for real estate.

Investors with international recognition as a presenter on the subject. He's based in Franklin, Tennessee, where he currently resides with his family. Chris holds a number of different accreditations, including CPA, MBA, PFS and ARA. Chris, welcome back to the show. How you doing?

Chris (53s): I am amazing, Jesse, thanks so much for having me back. I really enjoyed our episode a few years ago and, and we still get people asking questions about it. So, you know, I'm, I'm excited to be back here honored and there's been some changes over the last few years that we wanted to make Canadian residents that are doing business in the United States aware of you have a an amazing following, amazing community. So I'm always, again, always honored to come back on the show.

Jesse (1m 22s): Well, I appreciate it. Yeah. you know, from time to time I get these questions about the, the original interview we did. So we'll have some link in the show notes for that. I think we also put it out on YouTube. If you just type in investing in US real estate from Canada and you put my name Jesse Fragale or Chris's, you'll probably be able to pop that video out. But to make things easy, we'll also put a link in the show notes on that one. So, Chris, we've, we probably haven't talked, if I look at this episode, that was December, 2020, which is crazy to think it's been that long.

Wow. So I always say there's a lot has happened over the last couple years, but before we even kind of get into it, why don't you give a little bit of a backgrounder for listeners, kind of who you are, how you got into, into real estate, and, you know, what you do today for, for individuals.

Chris (2m 22s): Absolutely. So, yeah, my name, my name's Chris Picciurro, again, CPA Love Real estate investing. I and I have been a CPA here in the States for well over 20 years, the last 15 years niching in helping real estate investors