Podcasts about cpi capital

August Biniaz is the Co-founder and Chief Investment Officer of CPI Capital. CPI Capital is a Real Estate Private Equity firm with its mandate to acquire Multifamily assets, utilizing the value-add business model while partnering with passive investors as Limited Partners. August was instrumental in the closing of over $208 million of multifamily assets since inception.August is the host of Real Estate Investing Demystified PodCast. He educates real estate investors through his Podcast, YouTube shows, Webinars, and his weekly newsletter "Real Estate Weekly".Chapters00:00 Market Overview and Economic Impact04:50 August Biniaz: Background and Journey in Real Estate10:06 Navigating Cross-Border Investments: Canadian to US14:27 International Investor Considerations and Strategies17:25 Building the Right Team and the BTR Asset Class21:02 The Rise of Build-to-Rent Communities23:44 Investment Strategies in Build-to-Rent25:36 Portfolio Insights and Market Trends28:38 Education and Immersion in Passive Investing31:35 Due Diligence in Alternative Investments34:03 Personal Growth and Investment Philosophy39:52 outro RANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordsreal estate, passive investing, market trends, economic impact, cross-border investments, build-to-rent, investment strategies, August Biniaz, CPI Capital, multifamily investments

What does it take to navigate the complexities of cross-border real estate investing? In this episode, we dive into the nuanced world of Canadian and U.S. real estate markets with August Biniaz, Chief Investment Officer of CPI Capital and an expert in multifamily and built-to-rent investments. August shares valuable insights on how to bridge the gap between these two markets, leveraging his extensive experience in real estate private equity, construction management, and development. Key Takeaways: - Canadian vs. U.S. Real Estate: Explore the stark differences in market dynamics, from cap rates to tax incentives, and how they influence investment strategies. - Navigating Cross-Border Investments: Learn about the challenges of structuring investments to avoid double taxation and comply with U.S. and Canadian regulations. - Future Trends in Development: Understand how technology like modular homes and 3D printing is shaping the future of real estate construction and investment. - Built-to-Rent Explained: Discover why built-to-rent communities are gaining traction and how they cater to both renters by necessity and choice. - Lessons on Debt and Investor Relationships: Gain practical advice on choosing the right debt structures and staying true to your fiduciary duty to investors. - Overcoming Industry Challenges: Learn how to creatively address issues like rising insurance costs, labor shortages, and tariffs affecting construction. - Living an Extraordinary Life: August reflects on balancing hard work, smart decisions, and building a meaningful life beyond financial success. Join us for this insightful conversation to deepen your understanding of real estate investing across borders and prepare for the evolving landscape of 2025 and beyond. Connect with August Biniaz: https://www.linkedin.com/in/augustbiniaz/ Don't forget to like, subscribe, and leave a comment! Let us know the topics you'd like us to cover next. Be bold, be strong, and be extraordinary. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & the Blue Lake team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose Timestamps 00:00 Introduction and Guest Introduction 01:44 Understanding the Canadian Real Estate Market 05:26 Cross-Border Real Estate Investments 10:20 Challenges and Innovations in Construction 16:00 The Rise of Build-to-Rent Communities 26:31 Lightning Round and Closing Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices

BIO: Ava Benesocky is an author, public speaker, educator, CEO, and Co-Founder of CPI Capital, a uniquely innovative real estate private equity firm that helps investors invest in multifamily assets.STORY: Ava became passionate about real estate when she was young. At 15, she convinced her parents to invest $13,000 in a course by Scott McGillivray on renovating and selling homes. Ava never did anything with the course, which made it the worst investment ever.LEARNING: If you invest in anything, ensure you're ready to be committed, take action, and focus completely on it. Beware of shiny object syndrome. “If you're ever going to invest in something, you have to take action, or else it's a total waste of time and money. And what's the point?”Ava Benesocky Guest profileAva Benesocky is an author, public speaker, educator, CEO, and Co-Founder of CPI Capital, a uniquely innovative real estate private equity firm that helps investors invest in multifamily assets.She is the Host of Real Estate Investing Demystified with August Biniaz, who was Ep 784.Ava has been featured in publications such as Forbes, Yahoo Finance, and numerous PodCasts and YouTube shows. Ava helps busy professionals earn passive income through Multifamily Real Estate investments.Worst investment everAva became passionate about real estate when she was young. At 15, she convinced her parents to invest $13,000 in a course by Scott McGillivray on renovating and selling homes. Ava never did anything with the course, which made it the worst investment ever.She tried to get it started, but there were so many moving components, and the process was so convoluted that she got scared. It all fell through the cracks. Ava never ended up taking action on it.Lessons learnedIf you invest in anything, ensure you're ready to be committed, take action, and focus completely on it.Beware of shiny object syndrome.Andrew's takeawaysEmbrace boring, dull, consistent, and regular assets.Before buying a course, ask yourself if you have the time to commit to it or if it is better to get someone to help you achieve what you could if you took the course.Actionable adviceRefrain from being impulsive when buying courses. Take your time and ask yourself if you have time for it. Can you block it off on your calendar? If not, do not get it.Ava's recommendationsAva recommends listening to her podcast Real Estate Investing Demystified, where she shares her personal experiences, interviews industry experts, and provides advice on real estate investing and other investment opportunities.No.1 goal for the next 12 monthsAva's number one goal for the next 12 months is to continue building a couple of departments in the company and closing on a couple more assets. On a personal level, she will continue taking care of her mind, body, and family.Parting words “Thank you so much for letting me be

Unlock the secrets to scaling your real estate investments like a pro with August Biniaz! In this episode, August shares his incredible journey from getting his real estate license to founding CPI Capital and achieving success in multifamily real estate syndications. Discover how strategic renovations, understanding market dynamics, and building strong partnerships can lead you to generational wealth.August dives deep into:His transition from real estate agent to developer and investorThe benefits of multifamily assets and syndication in real estate investingTips on increasing property value and maximizing rental incomeBuilding and nurturing investor relationshipsNavigating cross-border investments between Canada and the USConnect with August Biniaz and learn more about his projects at cpiccapital.com! Key Takeaways:Real estate investing strategies to scale your portfolioThe importance of market analysis and property managementLeveraging partnerships and building a strong teamThe role of marketing and branding in attracting investorsCTAs:Subscribe to the PODCAST! Stay updated with the latest episodes.SUPPORT THE SHOW! Like, share, and review our content.Join the Community: Network with fellow real estate enthusiasts and investors.Get Exclusive Insights: Visit cpiccapital.com to explore investment opportunities."Real estate always appreciates faster than inflation, making it a powerful tool for building generational wealth." - August BiniazDon't miss out on these invaluable insights! Subscribe, like, and share this episode to help others on their real estate investment journey.#PassiveInvesting #PrivateEquity #LuxuryHomes #RealEstateTips #AugustBiniazCHAPTERS:00:00 - Intro00:30 - How August Biniaz Got into Real Estate04:11 - How to Force Appreciate a Property05:36 - How CPI Capital Finds Properties08:41 - What is a Syndication11:20 - Dealing with the SEC and Canadian Securities14:50 - Real Estate Taxes19:28 - Marketing to Investors19:50 - How to Establish Your Reputation24:50 - Team Building and Marketing28:10 - The Counterintuitive Nature of Marketing29:38 - CPI Capital's Current Project31:20 - What We Missed34:35 - Rapid FireRealDealCRM.comRealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.comLIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTube

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode of the Real Estate Takeoff Podcast, Mike Tighe sits down with August Biniaz, the Chief Investment Officer at CPI Capital, to discuss the intricacies of real estate syndication, particularly in the multifamily space. Broadcasting from Vancouver, Biniaz delves into his dual role in acquisitions and asset management, providing listeners with a behind-the-scenes look at how CPI Capital navigates the ever-changing real estate market. Throughout the episode, Biniaz shares insights on CPI Capital's implementation of the EOS (Entrepreneurial Operating System) to structure their long-term goals, including their ten-year ambition to be listed among the top 50 apartment owners in the U.S. The conversation also covers topics such as the challenges posed by the current economic climate, how CPI Capital is leveraging internal resources during slow deal periods, and strategic partnerships that enhance their market presence. Biniaz notably highlights the importance of educating oneself constantly and building a strong personal brand in real estate investing. Key Takeaways: Role of CIO in Real Estate Syndication: August Biniaz outlines his responsibilities at CPI Capital, emphasizing the importance of disciplined deal underwriting and effective asset management Leveraging EOS for Business Growth: Biniaz explains how CPI Capital uses the Entrepreneurial Operating System (EOS) to set and achieve long-term goals, providing a structured approach to growth Adapting to Market Challenges: Despite a slow deal period in 2023, CPI Capital focused on strengthening internal processes and partnerships, demonstrating the importance of adaptability and continuous improvement Cross-Border Syndication: Biniaz discusses the complexities and tax considerations of syndicating real estate deals in the U.S. while based in Canada, highlighting strategies for compliance and efficiency Education and Branding in Real Estate: Reflecting on his journey, Biniaz stresses the significance of continuous learning and building a personal brand to succeed in the competitive real estate market How to connect with August:  CPI Capital Website August Biniaz on LinkedIn Real Estate Investing Demystified Podcast: Hosted by CPI Capital NMHC (National Multifamily Housing Council) Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

BIO: August Biniaz is the Co-founder and Chief Investment Officer of CPI Capital. CPI Capital is a real estate private equity firm with the mandate to acquire multifamily assets while partnering with passive investors as limited partners.STORY: Upon looking back and reflecting on the worst investment decision August has ever made, he says it's his time, shiny object syndrome, getting excited about new investment ideas, and then putting a lot of time into learning about those ideas and losing that time.LEARNING: Don't be a jack of all trades and a master of none. Focus on your primary business. Stay in your lane. “Being focused is probably the greatest asset anyone could have when it comes to success in business or otherwise.”August Biniaz Guest profileAugust Biniaz is the Co-founder and Chief Investment Officer of CPI Capital. CPI Capital is a real estate private equity firm with the mandate to acquire multifamily assets while partnering with passive investors as limited partners. August was instrumental in the closing of over $208 million of multifamily assets since inception.August educates real estate investors through webinars, YouTube shows, weekly newsletters, and one-on-one coaching. He is the host of Real Estate Investing Demystified PodCast.Worst investment everUpon looking back and reflecting on the worst investment decision August has ever made, he says it's his time, shiny object syndrome, getting excited about new investment ideas, and then putting a lot of time into learning about those ideas and losing that time.In one incident, when crypto came around, August got involved in the crypto world, trying to connect with investors, creating businesses within the crypto world, and putting his brainpower and time into learning about this new asset class. However, August went down a rabbit hole that took him away from his main focus.In another incident, an asset class came across his desk. This was the build-to-rent single-family rentals or BTRSFR. After the great financial crisis in 2008, single-family homes in the US were selling for pennies on the dollar. Wall Street got involved, knowing that the market would eventually turn around, and started buying portfolios of single-family homes. However, as they managed these properties, they realized they were handled similarly to multifamily ones. So, they created this new asset class: build to rent single-family rentals.August brought this idea to investors in his database and invested in a development project. It was a former purchase contract in which August partnered with a developer. This deal created some difficulties for his investors, partners, and himself. He never closed on that deal. This deal diverted August's focus from his main business, and he lost opportunities there.Lessons learnedBeing a specialist is very important if you're dealing with investors and have partners. Don't be a jack of all trades and a master of none.Focus on your primary business.Stay in your lane.Have tunnel vision in the business that you're part ofUnderstand what's happening in macro, economic, and political situations.Andrew's takeawaysWhen things aren't working well, it's apparent that you may need to find something else or double down on your efforts to fix them.Actionable adviceIf you're in

About the Guest(s): Marcos Martinez is a real estate investor and co-founder of Westiron Capital. With over eight years of experience in the industry, Marcos has successfully transitioned from wholesaling to apartment building syndication. He is passionate about creating passive income and helping others achieve financial freedom through real estate investing. Marcos is also the head of Westiron Construction, where he oversees the capex side of projects in the Denver metro area. He is known for his strong work ethic, attention to detail, and commitment to building meaningful relationships within the industry. Episode Summary: In this episode, Marcos Martinez shares his real estate journey and how he transitioned from wholesaling to apartment building syndication. He discusses the importance of surrounding yourself with the right people and the impact of joining a mastermind group. Marcos also highlights the key qualities that attracted him to Josh Cantwell's leadership team and the value he has gained from being a part of the Forever Passive Income Maverick Mastermind. He provides insights into his current projects and partnerships, including his role as the Director of Acquisitions for CPI Capital. Marcos emphasizes the significance of patience, grace, and building passive income for long-term success in real estate investing. Key Takeaways: Marcos Martinez's real estate journey began with the intention of opening a restaurant, but a conversation with a childhood friend led him to discover wholesaling real estate. He joined Josh Cantwell's Forever Passive Income Maverick Mastermind in 2020 and has formed valuable relationships within the group. Marcos emphasizes the importance of patience, grace, and trust in the real estate investing journey, especially during challenging times. He is currently focused on acquiring apartment buildings in Florida, Colorado, and other Sunbelt states through Westiron Capital and CPI Capital. Marcos encourages investors to read books that promote personal growth and mindset development, such as "The Power of Now" by Eckhart Tolle and "The Seven Habits of Highly Effective People" by Stephen R. Covey. Notable Quotes: "Patience and grace are essential in real estate investing. Don't give up right away, but stay within it and be around the right people." - Marcos Martinez "Surround yourself with the right people, whether it's through a mastermind group or finding one person who is living the life you want to live." - Marcos Martinez "Josh Cantwell is 100% real and down to earth. He shares his testimony and has high values, making him a great leader in the industry." - Marcos Martinez Resources: Westiron Capital: westironcapital.com Westiron Construction: westironconstruction.com Subscribe to our YouTube Channel: http://www.youtube.com/user/SRECvideo?sub_confirmation=1 Subscribe to our Podcast: https://itunes.apple.com/us/podcast/strategic-real-estate-investor/id570750792?mt=2 Like our page on facebook: https://www.facebook.com/srecnow Visit our blog: http://www.strategicrealestatecoach.com

In E264, features an in-depth conversation with Seth Ferguson, a renowned figure in the real estate investing world. Seth shares his journey from being a real estate agent and a hockey referee to becoming the COO of CPI Capital and a key player in the multi-family real estate sector in the United States and Canada. He discusses the pivotal moments that shaped his career, including the decision to shift from single-family homes to multi-family properties and the importance of networking and learning from established operators in the industry. Seth also talks about the launch and growth of his real estate investing podcast, the strategies for raising capital and finding deals, and his approach to underwriting and acquiring properties in Florida. Additionally, Seth shares insights into his experience organizing Canada's largest real estate investing conference, highlighting the challenges and rewards of bringing together thousands of investors and industry leaders. Multi-family Conference - Get your ticket today: https://multifamilyconference.ca/ref/ahines/ Sponsors: Control and Compound Financial https://www.controlandcompound.com/andrewhines Andrew Hines Coaching Program: http://www.andrew-hines.com/coaching Build Your Portfolio Of Hassle-Free U.S. Real Estate (Andrew Kim - SHARE Partnership): http://bit.ly/sharesfr Events and Other: GTA West REI Meetup: https://www.facebook.com/groups/gtawestrei Connect with Seth Ferguson: Multi-family Conference: https://multifamilyconference.ca/ref/ahines/ LinkedIn: https://ca.linkedin.com/in/seth-t-ferguson YouTube: https://www.youtube.com/sethferguson Andrew Hines Audio · E264 Blueprint for Success: Building Blocks of a Real Estate Empire with Seth Ferguson LISTEN TO THE PODCAST Listen on Apple Podcasts: https://itunes.apple.com/ca/podcast/the-andrew-hines-real-estate-investing-podcast/id1453461753 Listen on Spotify: https://open.spotify.com/show/2ND7vIkJhmIEEk73aCwKhE FOLLOW ON SOCIALS Instagram: https://www.instagram.com/theandrewhines Facebook: https://www.facebook.com/theandrewhines Twitter: https://twitter.com/theandrewhines LinkedIn: http://www.linkedin.com/in/theandrewhines TikTok: https://www.tiktok.com/@therealandrewhines

Ava Benesocky is a partner at CPI Capital, where she specializes in acquiring institutional multifamily assets in the Sun Belt state. With a focus on partnering with limited partners to acquire already built, stabilized properties, Ava and her team aim to increase the income and value of the assets through strategic renovations and tenant turnover. Their goal is to provide investors with monthly distributions and a significant return on investment when the properties are sold after 3 to 5 years. Ava's expertise and strategic approach to real estate investment make her a valuable asset to CPI Capital and its investors.Connect with Ava Benesocky at https://www.cpicapital.ca/RealDealCRM.comRealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.comTopics & BulletsReal Estate Investment StrategyFocus on acquiring institutional multifamily assets in the Sun Belt states, particularly in Florida.Acquiring stabilized properties with 100+ units and implementing light renovations.Aim for a 3 to 5-year turnover."Forced appreciation" to increase property value through rent hikes and renovations.Targeting regions with significant job, population, income, and rent growth.Mindset and Manifestation in Business and LifeEmphasizing the importance of mindset and manifestation.The impact of the stories we tell ourselves.The influence of the people we surround ourselves with.Overcoming limiting beliefs in business and life.Marketing Strategies and Investor RelationsMarketing strategies for targeting passive and active investors.Building an investor community before finding deals.Building trust through consistency and providing free information.The role of transparency and regular communication with investors.Business Development and GrowthDiscussion on business development and the journey from inception to the current stage.Building an investor list and nurturing relationships.Consistency in communication and staying top of mind for investors.Utilizing Tools for Personal and Business UseRecommending "The Checklist Manifesto" as a great book.Using Asana as an essential tool for managing personal and business tasks.Investor Education and EngagementSending out weekly educational newsletters to help investors understand real estate concepts.Holding live webinars to present deals and establish transparency with investors.Providing rent rolls and financials on a quarterly basis to investors.Consistent communication through regular newsletters, updates, and distributions.Investor Psychology and BehaviorHigh net worth investors' attraction to private deals for the exclusivity factor.The appeal of passive investing and above-average returns in real estate.Cultivating Trust and TransparencyPrioritizing transparency and thorough communication from the beginning.The significance of being upfront and transparent with investors.The impact of proactive...

Have you ever wondered why so many high-paying professionals still pursue real estate? We invited Druvtej Ambati as our guest to elaborate on the gap of wealth-building momentum with medical practitioners like him and the role of real estate's passive investing in fulfilling that financial freedom. Get closer to your goals by tuning in with us!Key Takeaways to Listen for How to use research to determine the best RE asset for you to invest inAdvantages of investing in real estate compared to working a W2 jobWhy your marital status matters in achieving your financial goalsWays real estate can help you achieve your purpose and passionThe dos and don'ts of real estate investing for beginnersResources Mentioned in This EpisodeMaslow's hierarchy of needsIntroducing ChatGPTTop Five Regrets of the Dying by Bronnie Ware | Kindle and PaperbackThink and Grow Rich by Napoleon Hill | Kindle and Paperback7 Habits of Highly Effective People by Stephen R. Covey | Kindle and PaperbackMicrosoft Excel Spreadsheets SoftwareFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Dr. Druvtej AmbatiDoctor Druv is a Family practice Anesthesiologist from Canada. He has worked in multiple provinces and numerous hospitals and loves meeting patients and physicians from all walks of life. He has interests beyond medicine and is passionate about giving back to the community and helping others. He is attracted to real estate and is a valuable member of a real estate private equity firm called CPI Capital. I would love to share my Canadian investing experience in a US Multifamily.Connect with Dr. DruvtejWebsite: Passive Physician InvestorLinkedIn: Druvtej AmbatiYouTube: Doctor DruvTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Ava Benesocky is an author, public speaker, educator and the CEO and Co-Founder of CPI Capital, a uniquely innovative Real Estate Private Equity firm helping investors to invest in Multifamily assets. Ava has been featured in publications such as Forbes, Yahoo Finance and numerous PodCasts and YouTube shows. Ava helps busy professionals to earn passive income through Multifamily Real Estate investments. Coming from a family of accountants, Ava values hard work and compassion above all. She became one of the youngest award-winning agents at REMAX and was unstoppable thereafter. Fearless and ready to write her own story, she moved to Vancouver, where she built a strong network of real estate investors. She continued to learn and grow with resilience and persistently gained knowledge in the field of real estate investments. Ava saw first hand why so many people hesitated to become real estate investors, particularly in large metropolitan cities in Canada and the US where the disproportionate ratio between the median home price and the median income, prices out most from becoming homeowners let alone scaling a real estate investment portfolio. Realizing the pain points many investors have when looking to passively invest in real estate, Ava pivoted her focus to real estate private equity.. Ava Benesocky is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Ava Benesocky? Reach out at https://www.cpicapital.ca/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book  Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.  ************************************************************************  GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS  LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book  PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/  WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow  ************************************************************************   ABOUT THE REAL ESTATE INVESTING CLUB SHOW   Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate showInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

August Biniaz is the Co-founder and COO of CPI Capital. CPI Capital is a Real Estate Private Equity firm with its mandate to acquire Multifamily and BTR-SFR assets while partnering with passive investors as Limited Partners.  August was instrumental in the closing of over $208 million of multifamily assets since inception. August educates real estate investors through Webinars, YouTube shows, Weekly Newsletter and one-on-one coaching.  He is the host of Real Estate Investing Demystified PodCast. August, a seasoned real estate investor, has successfully navigated various areas of the industry while branching out into other business ventures. In his pursuit of financial prosperity, he discovered the key to wealth building and became enamored with the art of investing. Get ready to rent, because August has a game-changing concept: 'build to rent'. These portfolios of single family homes are designed and run specifically for renting, and perform just like multifamily buildings. This innovative asset class is on the rise, and definitely worth keeping an eye on.  Catch the must-see episode featuring August - you won't want to miss it!   In this episode we discuss:  August's background and how he got into space.  The structure of investing in the U.S. from an international country.  August's journey into real estate and building wealth.  Insights on the ‘Build to Rent' asset class.  August's advice on personal performance that yielded the biggest results.  Connect with August Biniaz:  Linkedin: https://www.linkedin.com/in/august-biniaz-23291460/  Youtube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg/videos    Connect with Pantheon Investments:  Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/  Website: www.pantheoninvest.com  Podcast: www.pantheoninvest.com/podcast  Facebook: https://www.facebook.com/PantheonInvest  Instagram: www.instagram.com/pantheoninvest  LinkedIn: https://www.linkedin.com/company/pantheon-invest  Twitter: https://twitter.com/Pantheon_Invest   Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ  Holistic Wealth Strategy Book: https://www.amazon.com/Holistic-Wealth-Strategy-Framework-Extraordinary-ebook/dp/B0BX4SDMS7/ref=sr_1_1?keywords=holistic+wealth+strategy&qid=1681472301&sprefix=holistic+wealth%2Caps%2C99&sr=8-1  Email: info@pantheoninvest.com     

Are you interested in investing in real estate outside your home country? Get to know the technicalities of starting a cross-border real estate company with Ava Benesocky! Learn about how she was able to leverage opportunities using market analytics and strategies to streamline business processes that led her Canadian investors to risk for higher returns.Key Takeaways to Listen forWhat planning goes behind starting a cross-border investment firmAsset and market criteria to consider when purchasing real estate internationallyHow to build your business network through education and benchmarkingThe challenge of conservative partnerships and how to manage itWhy it's more practical to invest in smaller markets during interest rate hikesResources Mentioned in This EpisodeWarren Buffet Who Not How by Dan Sullivan and Dr. Benjamin Hardy | Kindle, Paperback, and HardcoverFree Apartment Syndication Due Diligence Checklist for Passive Investor About Ava BenesockyAva is the Chief Executive Officer of CPI Capital. Ava became one of the youngest award-winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with Real Estate Professionals, and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed.Connect with AvaWebsite: CPI CapitalPodcast: Real Estate Investing Demystified | Apple Podcast LinkedIn: Ava BenesockyYouTube: REAL ESTATE INVESTING DEMYSTIFIED Email: ava@cpicapital.ca To Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

On this encore episode of the Passive Income Attorney Podcast, Seth is joined by Canadian passive investing experts Ava Benesocky and August Biniaz as they talk about the importance of getting started with your passive investing empire now, so that you can live a life of freedom. Inside this episode you'll discover the mindset and strategies you'll need to make your first investment. Ava and August are co-founders of CPI Capital, a Canada-based real estate investment firm focused on multifamily investment opportunities in the United States. They share their discovery of the enlightened path in going from real estate agents to real estate investors. Enjoy the episode! “Educate yourself as much as you can, any chance you get. . .if you put your mind to it, you can achieve it.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: How to transition from real estate agent to real estate investor Differences in mindset between agents and investors How the US real estate market compares to the Canadian real estate market Why the United States is the best place in the world to invest in real estate How to invest as an international investor Educational, legal and tax hurdles and issues you need to know to invest internationally The best tips so you can get started with either active or passive investing And so much more!   ABOUT | AVA BENESOCKY AND AUGUST BINIAZ: Ava Benesocky is the CEO, and August Biniaz is the COO and CSO of CPI Capital. Together, they co-founded the company. CPI Capital is a Canada-based real estate investment firm in the business of discovering, acquiring, improving, and actively managing US Multifamily Rental Value-add Real Estate Assets. CPI specializes in identifying largely stabilized, revenue-producing assets that allow it to pay our investors regular distributions immediately after closing the property. Ava started her real estate career nine years ago in Alberta. Daughter of highly-educated accountant parents, she was taught the quality of hard work from a young age. Ava was able to become one of the youngest award-winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with real estate professionals, and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed. Ava's greatest asset is her ability to cultivate long-lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. August is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. August's real estate journey began as an agent in British Columbia, where he focused on local market trends and understanding his client base to meet their needs better. At this time, August was also flipping properties at significant margins. After numerous projects, August realized his interest in the construction industry and started his own development company, where he built custom homes.   FIND | AVA BENESOCKY AND AUGUST BINIAZ: YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg Website: https://www.cpicapital.ca Investor Sign Up: http://cpicapital.cpicapital.ca/investor Newsletter Sign Up: http://cpicapital.cpicapital.ca/newsletter   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

On this encore episode of the Passive Income Attorney Podcast, Seth is joined by Canadian passive investing experts Ava Benesocky and August Biniaz as they talk about the importance of getting started with your passive investing empire now, so that you can live a life of freedom. Inside this episode you'll discover the mindset and strategies you'll need to make your first investment. Ava and August are co-founders of CPI Capital, a Canada-based real estate investment firm focused on multifamily investment opportunities in the United States. They share their discovery of the enlightened path in going from real estate agents to real estate investors. Enjoy the episode! “Educate yourself as much as you can, any chance you get. . .if you put your mind to it, you can achieve it.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: How to transition from real estate agent to real estate investor Differences in mindset between agents and investors How the US real estate market compares to the Canadian real estate market Why the United States is the best place in the world to invest in real estate How to invest as an international investor Educational, legal and tax hurdles and issues you need to know to invest internationally The best tips so you can get started with either active or passive investing And so much more!   ABOUT | AVA BENESOCKY AND AUGUST BINIAZ: Ava Benesocky is the CEO, and August Biniaz is the COO and CSO of CPI Capital. Together, they co-founded the company. CPI Capital is a Canada-based real estate investment firm in the business of discovering, acquiring, improving, and actively managing US Multifamily Rental Value-add Real Estate Assets. CPI specializes in identifying largely stabilized, revenue-producing assets that allow it to pay our investors regular distributions immediately after closing the property. Ava started her real estate career nine years ago in Alberta. Daughter of highly-educated accountant parents, she was taught the quality of hard work from a young age. Ava was able to become one of the youngest award-winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with real estate professionals, and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed. Ava's greatest asset is her ability to cultivate long-lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. August is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. August's real estate journey began as an agent in British Columbia, where he focused on local market trends and understanding his client base to meet their needs better. At this time, August was also flipping properties at significant margins. After numerous projects, August realized his interest in the construction industry and started his own development company, where he built custom homes.   FIND | AVA BENESOCKY AND AUGUST BINIAZ: YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg Website: https://www.cpicapital.ca Investor Sign Up: http://cpicapital.cpicapital.ca/investor Newsletter Sign Up: http://cpicapital.cpicapital.ca/newsletter   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Dr. Druv Ambati is not your typical doctor. Some physicians seem to be caught in a cycle of seeing as many patients as possible to ensure their lifestyle is maintained. As Dr. Druv says, when he gets older he wants his doctor focused on his care, not worrying about getting him out the door to see another patient asap. Doctors deserver to be paid accordingly, but how do doctors escape this cycle? Learn how to invest, to make MORE money than they do treating, so that they can work with patients almost carefree, and treating fewer patients because the are making MORE money passively than their day job! Tune in to find out details of Dr. Druv's course that will help both physicians and larger earners transition to passive income! Even if you are NOT a physician, this podcast demonstrates why everyone needs more financial literacy!WHAT YOU'LL LEARN:Why Dr. Druv bought Rich Dad Poor Dad and thought it was parenting book, but changed his lifeMistakes he made including multiple credit checks on his own profileWhy Doctors are unhappy, even though they make a large incomeWhy they worry about financial insecurityCOVID made matters worse, both emotionally and financiallyWorked with US doctors that were investors and spoke with them about the problem, some who have multi million dollar cashflowsMazlow's hierarchy and how it showcases our needs and what drives usThe problem with financial advisors and why you need to learn for yourself to understand and grow your portfolioWhy large earners Earn, spend, and sometimes return to baseline level of financesWhy Dr. Druv wants to Break the cycle with new knowledge and new actions for physiciansCreating financial literary course for physicians and high income earners to invest but figure out what financial goals areHow his knowledge from his career is being put into the his courseAnd MUCH more!Bio Druvtej Ambati (Dr. Druv) is an industrious Family Practice Anesthesiologist, founder of Passive Physician Investor (PPI), and executive director of CPI Capital, who is known by his colleagues as a passionate individual about medicine, time management, healthcare innovation, and financial instruments. In addition to practicing medicine, he is an avid reader having studied over 100 financial books and an eager learner who contacted 100 wealthy individuals from across North America. Through his diverse experiences, Dr. Druv is on a mission to build, teach, and leave a legacy of a physician investor community spanning across multiple no-limit asset classes in order to take back control of our finances, time, work satisfaction and live exceptionally to our highest potential– mentally, spiritually, physically, and emotionally.Contact Details: Email: Druv@cpicapital.caWebsite: https://www.cpicapital.ca/info@CPICapital.caTo reach out to Jose & Khadija, head over to:website: www.savvyrealestate.caInsta: khadijajafferji & josejafferji Tags: #physicianinvestors, #realestateinvesting, #worklifebalance#mentoring, #success, #buildingwealth, #buildingequity, #howtobecomerich, #portfolio, #howtogetrich,...

August Biniaz is the Co-founder and COO of CPI Capital. CPI Capital is a Real Estate Private Equity firm with its mandate to acquire Multifamily and BTR-SFR assets while partnering with passive investors as Limited Partners. August was instrumental in the closing of over $208 million of multifamily assets since inception.  August educates real estate investors through Webinars, YouTube shows, Weekly Newsletter and one-on-one coaching. He is the host of Real Estate Investing Demystified PodCast - https://podcasts.apple.com/ca/podcast/real-estate-investing-demystified/id1650186768 In this episode we talked about: August's Background and how he Found his Niche in Private Equity Nuances and Differences between Investing in the US and Investing in Canada Single-Family Rental Deals Syndication August's Geography of Deals Syndication Structure Limited Partnership Syndication VS Joint Venture Difference between Funds and Syndication State of the Economy Overview Advice to Newcomers Resources and Lesson Learned   Useful links: Books: “Best Ever Apartment Syndication Book” by Joe Fairless “Raising Capital for Real Estate: How to Attract Investors, Establish Credibility, and Fund Deals” by Hunter Thompson https://www.linkedin.com/in/august-biniaz-23291460/?originalSubdomain=ca https://www.cpicapital.ca/ https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg 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 Jessica Galley, and you're listening to Working Capital, the Real Estate Podcast. Our guest today is August Biaz. August is the co-founder and c o of c p i, capital c p i.   Capital is a real estate private equity firm with its mandate to acquire multi-family and B T R S F R assets, and we'll get into what that is shortly while partnering with passive investors as limited partners. August has been instrumental in the closing of over 208 million of multi-family assets since its inception. August educates real estate investors through webinars, YouTube shows, weekly newsletter, and one-on-one coaching. He is the host of real estate investing demystified podcasts. August. How you doing?   August (1m 1s): Great, man. We're doing much better now that I'm here with you, brother.   Jesse (1m 4s): Beautiful. Well, I'm glad that we finally were able to do this. There's a little back and forth I was traveling, but you look great. You always look sharp for those that are listening full suit and tie, so I'm excited to to chat today.   August (1m 17s): Absolutely. You gotta stay in character, right? When you're in private equity, you just gotta be in character all times. Yeah,   Jesse (1m 23s): The August avatar, So August, you know, for those that don't know, we, we did have a conversation, I think it was the beginning of 20, or the end of 2021. Time flies. I can't believe we're gonna be in 2023 very soon here. But we chatted a little bit of, a little bit about multi-family investing, the economy, and you know, I tell guests if I haven't talked to them in over a year that, you know, nothing really of, of substances happened since we last talked, so I'm sure that, I'm sure we'll have nothing to talk about today.   But yeah, I mean, for those that don't know you August, why don't you give a little bit of a background about, of how you got into real estate in general, and then maybe how you kind of found your niche in, in private equity.   August (2m 7s): Absolutely, yes. I've, I've spent the majority of my professional career in real estate. Started out as a real estate agent 17 years ago, and I wasn't the best at being a real estate agent, but I was great at finding deals and, and putting deals together. I I started doing small fix and flips, started my own general contracting company, and then I started building single family homes more on the luxury side, both spec and custom, always wanted to scale a deal. Came across my desk, which was a five single family home land assembly that the, that we could, we were, we were able to rezone and build townhomes.   We were able to build Tony Townhomes. I syndicated that deal before I even knew what this concept of syndication was, was basically I found a deal. I I, I went to some investors and brought on some JV investors and basically purchased that property. My experience was ma mostly in single family. So I brought on the experts, I brought on AR architect, I brought on a gc, and we, we started processing, we started building that project. And I fell in love with this model, with this concept of finding the deal, finding the investors, bringing all the experts on, and then, you know, being compensated relative to the performance of the project, the performance of the asset.   And I wanted to learn more about the space, how real estate private equity worked, how the world of syndication worked. And most of the content was coming from the us. You know, syndication wasn't very common and still, it still isn't very common here in Canada, but in the US it seemed to be very common. A lot of podcasts, YouTubes a lot of books, and I'm happy to go over that in a moment. And I realized about us multi-family, particularly the value add business model, and fell in love with that model. Wanted to initially duplicate that model here in, in Canada to be able to buy apartment communities.   There was some hurdles and pain points I faced early on the rent to value ratios. You always hear a complaint in Vancouver or in Toronto that rents are very high, but rents relative to the value of the properties are actually very low. The rent to value ratios, you know, in the US are much higher. In some cases they have a 1% rule where one month's, one as properties, one month rent equals to 1% of the asset value. And here in Vancouver, if you do the same ratio, you're at 20 basis points.   So the rent to value ratios weren't there. And, and also in the US they were, you know, a lot of groups, private equity firms were investing in the Sunbelt because the apartment buildings were garden style and two story, three story. We didn't really have that here in, in, in Canada and really we're not really a, a, a renter's nation like, like the US are. So that was the really the impetus for me to look at the us. And then when I looked at the landscape across Canada, I didn't re, you know, there were very foreign and few groups that were actually investing in US real estate that were syndicating deals here.   So the competition wasn't there. And when I compared that to being a builder here in Vancouver, or being a real estate agent in, in our province, there's over 23,000 real estate agents, and that's a bit of a historic number over 8,500 licensed builders. And when I looked at our space of what syndicating US multifamily deals, there were less than a handful of teams doing it. That was really a start to co-found c p capital with partners with our mandate to purchase US multifamily.   Jesse (5m 34s): Yeah, and I think listeners will know, like we, we try to do on this podcast is I, I try to talk both to US and Canadian investors. You know, being a Canadian myself, I, I experienced the same pain points that you did in terms of the education. I started investing in 2000, 2008, and we've, we've gone light years ahead of where we were even back then in terms of the resources, whether, you know, you're on a bigger pockets forum or you're just on YouTube, but 100%, you know, a lot of talk about the irs, a lot of talk about LLCs and you know, for the Canadians listening, you know, all those pieces have little bits of nuance and it's almost more dangerous when you do have people talking about real estate and you're getting informed, but dangerous in the sense that everything is so close that you kind of get fooled to a certain extent.   Or you can, you can think you're doing something correctly and, and in fact you're doing something that is, you know, abiding by u US law, for example, and, and not Canadian. So, yeah. Can you talk a little bit about that process of, you know, education and some of the differences and nuances between investing in the states as opposed to investing in Canada?   August (6m 47s): Absolutely. And you said it perfectly. I mean, it's, it sounds very similarly, sounds the same. Some of the words are really interchangeable, but they're not. So for example, a term offering memorandum. Offering memorandum is usually a package that a real estate agent in the US puts together and gives to buyers when they wanna buy commercial real estate. And offering memorandum in Canada is an exemption you could use through securities commissions to raise capital. So they sound the same, they look somewhat similar, but they're totally different. And then you talk about, you know, LLCs, limited liability corporations or companies in the US and LLCs are very fashionable.   It, they're a hybrid entity. We don't have LLCs in Canada. We either got corporations or we got limited partnerships. We don't have this hybrid that they do in the us which is very fashionable to use when you're structuring deals. But if LLCs are used in the US to purchase and structure, you know, the, the acquisition of a project, that entity, that structure is not tax efficient for Canadian LP investors. Which, which is a case where they get double tax, they pay their taxes on the US side, but when those funds are repatriated, they have to pay their taxes here in Canada as well.   And in most cases, they're taxed close to 70% of their profits goes to taxes on both sides. So yeah. Now as far as a syndicator, as far as a fund manager, as far as someone raising capital, and now you have to abide by, you know, the regulatory framework on both side of the border. You have in the US the S E C in Canada, you have securities commissions in every province you have certain rules and regulations that are national instruments where it's across the board, but every province has their own rules and regulations.   For example, in in Ontario you have sophisticated investors, you have non-accredited, sophisticated and accredited. In BC you only got accredited and non-accredited. So there's nuances there. You know, when we first started our company, our company was Canadian passive investing because we wanted to cater to Canadian investors and bring us investments for Canadian investors. As soon early on we noticed that a lot of American investors were reaching out to us as well. That's what was, without doing any marketing in the us. So we were like, you know what, know what, let's make the company brand a name, you know, to be able to, you know, service both Canadian, US investors and we change the name to CPI Capital, but now we have to abide by laws on both side of the border.   So if you're syndicating a deal and raising capital from Canadian investors and US investors, this structure has to be tax efficient. The structure has to be compliant. The, the exemptions we're using to raise capital has to abide by regulations on both side of the border. So, yeah.   Jesse (9m 25s): Yeah, and I, I think on that piece too, a lot of what is involved in the marketing of, of these deals is very specific on what you can and can't do. And some of the nuances between the states and Canada are important. You know, the, the nuances in general are important, but you gotta be very careful that you're, you're on side of, of, you know, of the law and of the rules. Yes.   August (9m 48s): I'll touch on that briefly quickly here on as far as the, the, the marketing side. So it, you know, with the securities commission, they're not their educating, there is a lot of content there. Most people that work for security commissioners are actually lawyers. When you look at the names of people that working, they're mostly lawyers. So they're there to sue to basically for bad actors and stop fraudsters. And that's understandable. But also they're, they're, they're not there educating you, so you have to get that education through, you know, speaking with, with attorneys and, and, and, and accountants and legal counsels and what have you.   So for example, as far as advertising in the US is very pretty black and white, not as black and white here in Canada. So in the US if you're using the Regulation D offerings and you're, you're raising capital, so you can most probably either using a 5 0 6 c C for Charlie or 5 0 6 B for Bravo, if you use a private 5 0 6 , you can't advertise the moment that you advertise the deal outside of your own network, you're triggering having to now switch to 5 0 6 , which is only accredited investors.   And 5 0 6 you're allowed to have non-accredited investors. I invest with you up to 35 non-accredited investors. But here in Canada is, is a bit more vague. So it, it doesn't go by any kind of trigger that is at the moment that you advertise, it goes by the exemption that you're using to raise capital. So if you're using the offering memorandum exemption, for example, or the accredited investor exemption, you can advertise as much as you want. You can put it on Facebook, wherever you want, obviously, depends what you're saying. If you're, you gotta make sure that you know, the promises you're making or any claims of guarantees are not there, so on and so forth.   So again, that is another situation, whereas far as fund managers or anyone's looking to start a fund or syndicate a deal, they have to be very careful and follow their guidelines by their Canadian and and US councils.   Jesse (11m 34s): Yeah. And for, for the Canadian side, the, like you said, it's a little bit more vague. And for those, I mean, if anybody's having trouble sleeping and wants to, wants to take a look at this stuff, if you Google National instruments in Canada, that's kind of our version of these exemptions. So I think it's National exemption 1 0 5, 45 1 0 5 45 1 0 5, 1 0 6.   August (11m 56s): Yep.   Jesse (11m 57s): Yeah. You'll see exactly. Friends, family, and you'll see kind of an outline of, you know, what, what that means, those definitions. And you know, in, in, you see, well, part of the reason in the states you see that you get put on an email list and there's conversations that happen is because there has to be a substantive relationship for, for you to kind of get into, I believe it's the 5 0 6 world, right?   August (12m 19s): B, b B for Bravo,   Jesse (12m 20s): B Bravo, yes. But yeah, I mean all those, all these pieces are important when you're, when you're doing these deals, but you know, that's why you hired the lawyers and you, and you make sure that you're, you're abiding by those terms. But I would always caution us, you know, Americans being careful when stuff is coming out of Canada in terms of educational content and then vice versa, Canadians being careful of what they're hearing in the states. And always make sure you talk with your accountants and, and obviously your lawyers when drafting these type of documents. Now, in terms of, you know, the actual fund stuff, when you get to acquiring real estate, we talked about this new asset class and it's built, built to rent single family rentals and it's, you know, we talked before, it's a newcomer asset class that you, you guys really like.   So maybe first you could describe what it is to listeners and we can chat a bit about, you know, why it's an appealing asset class.   August (13m 10s): Absolutely, yes. Yeah. So B T R S F R built to rent single family rental is a newcomer asset class at a commercial real estate umbrella. It's, it's an asset class that really started in post gfc when the foreclosure on homes it was, was, was, you know, tremendous amount of homes were being foreclosed and Wall Street got involved and they came on purchasing single family homes and swats of single family homes. And they, they started purchasing these single family homes in the, in, you know, buying these things, pennies on the dollars in the hopes of selling them when the market turn turned around.   But while they were holding the asset, they started renting them out. So they realized that this, the asset class be built to rent single family rental homes in a portfolio or in the community. They actually behave just like multi-family by the way they're managed and, and and rented. And actually they, the, the type of tenant demographic and the stickiness of the tenants is actually better than multi-family. So they actually started to be more involved in this asset class. And by, you know, 2015 when the market had completely turned around, they, they couldn't purchase these homes pennies on the dollar no longer.   So they started actually partnering with developers, and this is Blackstone and other kkr, other large private equity firms, they started actually partnering with developers and building purpose-built rental communities. These are single family homes built, you know, approximately 1500 square feet, you know, 3, 2, 3 bedroom, two car garage in a community of single family homes, purpose-built rental. So the plan is to rent it. And yeah, it was the start of this new asset class and now you have groups like us that are syndicating these deals.   There's a sweet spot for us, the non-institutional groups, which is kind of the 60 to hundred single family homes in a community. And, and yeah, it's, it's, it's a tremendous asset class. I really believe in it, especially post covid. A lot of people rather live in a single family home, have their own privacy, not have somebody living next to them, above them have ha have their own, you know, two car garage independence. And also they're, but even though they're living in a single family home, they're not living in a community when they're, when they're one of the only renters, everybody else in the community is also renters.   So they get, you know, they're part of the same similar demographic and you know, they don't have to live in a neighborhood where, you know, they're, they're, they're, they're kind of the, oh, this person rents or what have you. So they're with others who rent. So yeah, it's a very interesting asset class and we're looking at it very closely. And yes.   Jesse (15m 46s): So with the, with the bill to rent, when you're saying that you're syndicating for these deals, what, in terms of the scope, are you syndicating the actual construction of them? Are you purchasing existing and you're being part of the equity, equity and debt at that point? How, how does that structure look?   August (16m 4s): Great question Christian. There's really three main ways to get involved into B T R sfr as the syndication group. You can either purchase a piece of land, partner with a developer or hire a developer to build these single family homes. You syndicate the project in different tranches, the first tranches to fund the capital needed for entitlement and rezoning and putting, putting the project together. And then the next tranche is to fund the construction. And then at stabilization, you're refinancing and paying back your investors.   However, you, you, you structure it. So it's getting involved early on. And the other way is to buy and already build project and you're taking lease up risk, basically bringing it, you know, from zero vacancy to full occupancy. And then there is, the other way is to, to, to buy an already stabilized BTR community and then going in there if, if it's a few years old, you can utilize the value add model. If, if a developer had just finished building it and just occupied it with tenants that they could just to be able to bring the occupancy up to 90% so they could sell to a buyer at that time, your business plan is just to go in and bring those rents back to up to market and bring the occupancy higher.   So there's different really stages that you get involved, depending on your, the, the firm's risks appetite, depending on their LPs, risk, appetite of where they want to get involved. Some LPs don't want to take any entitlement rezoning or construction risk. So in that case, the syndication group buys the asset when it's already stabilized. So it really depends on the group and their investors.   Jesse (17m 42s): And you mentioned a little bit about having US investors contact you in terms of finding deals. So this, in terms of geography, where are you looking at these properties or projects and, you know, maybe where, what are some examples of, of projects that you've done and, and where they are geographically and, and perhaps even the scope of them?   August (18m 2s): Our, our focus, our mandate is the US sunbelt. So the Sunbelt state, if you look at this, the, the, the southern part of us is, is like a smile. So you have Nevada, Arizona, Texas, north and South Carolina, Florida, Georgia, Alabama is, it's in our, you know, state that's doing tremendously well over the last few quarters. So that's somewhere we're looking at as well. We currently own assets in Orlando, Florida, Charleston, South Carolina, Houston, Texas.   Our BTR project that we were working on for a few months is in Tucson, Arizona. So we're very sunbelt focused, somewhat agnostic when it comes to these regions as long as certain key metrics are visible are available. So rent growth, population growth, income growth. And yeah, the sunbelt, again, they're mostly red states. They're very business friendly, they're very landlord friendly, they're no rent control laws.   So that, that's our focus. Yes.   Jesse (19m 5s): So in terms of the, these assets, we talked a bit about structure being different with Canadian versus US real estate, Canadian versus US investors. Let's, for the purposes of, of, you know, our conversation here, let's just assume that there's a Canadian investor that wants to invest in a syndication and it's US syndication. How are you structuring those syndications and maybe what are some of the things to, as a Canadian to, to look out for and and to make sure that you're doing properly?   August (19m 35s): Yeah, so the first advice here is if you're a Canadian LP looking to take advantage of, you know, great returns that are available in the US and us multi-family in general, and you want to invest in syndication syndicated deals and you're looking across the border to invest, investigate a US syndicator, the, the, the, the, the rule is do not invest in a deal that is structured in a llc no matter if there is a limited partnership in between as a conduit that doesn't make a difference if the deal is structured in the LLC is not tax efficient.   And keep in mind that us syndicators there are watching their their own back, they just wanna make sure they are compliant and they're tax efficient. You know, they're, they're not looking long term in what, what happens to the Canadian investors coming on board. So you gotta watch for that. There's been a lot of examples of Canadian investors that have invested directly with us syndicators and the, there, there was issues there also. The US indicators, majority of their, their investors are American. So in my conversation with US investors who do cater to Canadian investors, less than 5% of their investors come from Canada.   So they're not there educating themselves about structures needed and what have you. So if the deal is structured in, in, in a llc, do not invest as far as how we structure our deals, we utilize a fund to fund model. So we create a project specific fund here in Canada, which is a limited partnership. We abide by the rules and regulation to raise capital for that particular syndicated investment. So for example, let's say we use the offering memorandum exemption or the accredited investor exemption.   So we, that's, those are the guidelines, those are the, that's the exemption we use to raise capital for our investors. And then we create a project specific fund in the us That fund is the entity that owns the asset on the US side. Our US investors invest directly into that US-based fund and our Canadian investors, the Canadian fund invests into the US fund as just another investor. So look at the Canadian fund, which is comprised of multiple investors as as just one investor investing into the, into the US fund.   And it also, you know, there there's other bells and whistles that goes with the structure that we have, which alleviates our Canadian investors from having to file US taxes. It's stressful enough dealing with the CRA not having to deal with the IRS every year as well. It could be cumbersome and cause some attention. So the structure we've, we've, we've, we've put together is a structure that the Canadian investors don't need to file us taxes. The, the entity will file the taxes on their behalf.   Jesse (22m 16s): So if I understand that correctly, it's there, there would be a u s LP involved, the Canadian LP involved, and the Canadian LP would be investing in the S LP as a limited partner. Is that right? Ex   August (22m 27s): Exactly.   Jesse (22m 27s): Okay. And in terms of, cuz we talked a little bit at LLCs and you know, caveat we should, you know, we always say is, you know, for any of this advice, you know, don't, don't take our word for talk to your professionals, but in terms of the, in the US side of the equation, a lot of times you see that there's still an LLC used as title to the land and it might be a 0.0 1.001% ownership in the limited partnership. I, is that still done in these deals? We're we're titled to the property will still be in the llc even   August (22m 59s): Very, very, very, very sophisticated question and you're definitely someone who has got a lot of experience. So, so depends where that vice is coming from. So this concept of disregarded entity that you speak of, which is that US LLC that holds a title which comes into effect because a lot of us lenders want the, the, the entity that holds a title to be a single member entity, which is a disregarded entity. And then the, the limited partnership is actually used as, as the entity that syndicates the deal.   But because of the source of where the asset is held is still LLC that could cause problems. It could most probably cause problems in a case of an audit. So advice that we've got from multiple, not CPAs, not just random accountants, but tax lawyers that, that that practice on both sides of the border. Not just a Canadian lawyer who specializes in US tax law, but Canadian lawyers that specialize in both laws.   That vices that is not a tax efficient structure even though that structure is, has been used commonly because of the source of, of, of, of the ownership of the entity is still llc be it a single member entity, be it a disregarded entity because the source is still there. It could, could cause problems depending on who, who the auditor is, depending on who it is. So the advice was against that. So there are ways to get around it to be able to convince the lender that the entity owned asset cannot be llc.   But that's a conversation that groups need to have and yeah,   Jesse (24m 39s): So yeah, that makes sense. I think what's important is that you, you make sure that you understand these structures. So in terms of the, the actual syndication itself, why don't you, for listeners you hear a syndication JV joint venture. What's the difference between the two?   August (24m 54s): It's a joint venture is when two parties or multiple parties come together to, to, you know, execute a business plan and, and get together to do complete adventure. And, and there are, they're partners, their, their names, the level of liability is there. They're, they're either, you know, the, the, the the, the debt is on the liability exists as far as debt for all members and all partners involved.   So it's more of a partnership where everyone is active, they're active partners. A syndication really talks about when there is two different types of partners. Some partners are silent, they're limited partners, they have limited liability. Their, their liability really stops at the amount of capital they've invested. They have no li debt liability, they have no liabilities in regards to, you know, damages or things going wrong at the asset. And then you have the general partner that, partners that manage the project where they have unlimited liability and all the liabilities on them.   That is really usually used to differentiate between the JV and a syndication. Jv all partners are active in a syndication. There are different types of partners. Now keep in mind in certain JVs, I I know, I know individuals who, who incorporate corporate companies and within the company shareholder agreements, they write that certain partners are just putting the funds, but the way that the, the S E C or the security commissions look at, as soon as your partners are silent and they're only putting the capital that is, they're looked at as a, as a syndication.   So you gotta keep that in mind as well. And then it could triggers issues, same thing on the US it could trigger issues as well. Individuals can't just be investing capital. If they're investing capital, they're passive and that triggers certain compliance and regulatory guidelines that they have to follow. So that's really the differentiating between JV and syndicate investments.   Jesse (26m 56s): Yeah, and it's important to, to make sure that that's ironed out again at the beginning and understanding that the different roles have different consequences cuz you can call something a partnership, it doesn't mean it's a partnership and, and vice versa. So I think it's, you know, one of those things that you kind of outline who, who has which responsibilities and partnerships. Something that you know, you, you got, you want to build that good base before you go into these investments. When it comes to syndications, you hear, you know, a lot of different structures when it comes to syndications.   So when we talk about say a co syndicator or you have a cog p what is that and, and is it something that you employ in the deals that you, that you do?   August (27m 39s): Yeah, no, tremendous question. So these syndicated deals, they're, they are very, they're they're somewhat sophisticated because again, you have the structure. Like for example, in our case, if you look at our org chart, you have US entities, Canadian entities, you have US investors, Canadian investors. But the, the great thing about syndicated in investments is that the structure can really be designed depending on the need and of the syndication group. So a lot of times you hear this phrase that real estate is, you know, real estate syndication or real estate investing is a team sport because, you know, to, to put together the perfect syndication, you have three main components.   You have the equity, which is investor relations, raising capital, the capital needed for the project. You have the acquisition, which is sourcing the deal, underwriting the deal, you know, physical due diligence. And then you have the asset management, which is basically executing the business plan, making sure the project is operating the correctly and the value add is conducted readily if there's value add involved. When partners come together, depending on what their contribution is to the partnership, they can play those roles and syndications can be really put together.   So you could have three partners. One of the partners great at raising capital, one of the partners is great at sourcing deals and one of the partners is great at executing the business plan and asset managing. And they can come together and they can play those parts within the syndicated syndication group. But then you also have lead sponsors. Lead sponsors are are groups that source the deal. They source majority of the capital, they execute the business plan. They, they have asset management in-house, but at times they might need assistance in capital raising and some other duties and responsibilities.   That's when they open a door for this concept of co syndication or co-sponsorship where the other groups come in and join them and they partner together to be able to close on larger deals. So you are syndicating the LP investors bringing tens or hundreds of investors to invest with you and all put in, you know, a certain amount of investment. But then you also have other groups who are coming in there with their own investors, with their own expertise, with their own contribution into the deal. And that's what creates really co syndication.   And it's, it would be my advice to any group who's looking to syndicate deals here in Canada or the US would be try your best to do your first deal as a co syndication partner with a lead sponsor who's done this multiple times before, who understands the structure, particularly cross-border. And yeah, we, we, that's what, that's one of the strategies we utilize. So we partner with other sponsors, other syndicators who come on board with us, us being the lead sponsor and they partner with us. And early on when we did our first few deals, we did the same thing.   We joined a lead sponsor and we were able to close on much larger deals that we could have done ourselves.   Jesse (30m 35s): Yeah, we see a lot of benefit when it comes to, especially if there's a new geography or if your, you know, if your cog p is has some area of expertise that you don't have. So for instance, if you know they're a developer or there are a somebody that can source deals, like you said, you know, maybe they find the deals and then your component is raising capital, and then just like if you were partnering with somebody on an individual basis, these more sophisticated structures very similar. It's just that the, you know, the deals are a little bit more complex and the structures are a little bit more complex, but ultimately, you know, it's the same thing as if you had a couple buddies putting together a deal.   Not everybody's most likely. And the the partners aren't good at every single aspect of the deal. So you'll have the asset manager, you'll have the person that can raise capital development if it's construction project. Now, how does that differ from your point of view from going into the funds? So maybe not specifically just the fund of funds model, but funds in general as opposed to syndication. Obviously you're gonna need more deal flow, but there are nuances between funds and syndication and there is a, you know, this idea of having that capital and deploying it because you know, o oftentimes you'll, you'll have a drag if you're not getting a return on that capital.   So could you talk a little bit about the difference between syndications and funds?   August (31m 58s): Yeah, absolutely. So if you look at syndications, see a syndication as a project specific fund. So you're have one deal, you put that deal under contract, you create your marketing material, you follow the regulatory guidelines to raise capital, you present that deal to your investors, you raise the equity needed for that project. Investors know exactly what they're investing into. They know exactly what the business plan is, they know exactly what the exit strategy is and so on and so forth. A fund is more of a, a basket of multiple investments.   So a fund could be, for example, let's say, you know, CPA capital starts a fund, which is a 50 million fund, which is mandate to buy us multi-family assets. C p a capital will continuously raise capital for, you know, for foreseeable future. And depending on how much capital they raise, they then deploy that capital and purchase assets and put it into, put, put those assets into the basket. So you're continuously raising capital until you hit your, you know, your what, what your goal was in your, your your, your total funds raised, and then you're continuously purchasing assets at the same time.   So that's really the fund model. The other differentiating factor is the, the, the, the fund funds usually yield lower, somewhat lower returns to investors because your investments is aggregated amongst a group of investments. Some deals might be doing really well, some deals might not be doing so much. So you have that you, you get that average aggregated number back and returns back. And also the cost of managing funds are higher than, you know, there's usually audited financials, annual audited financials and what have you and fund management softwares that are needed.   Whereas the syndicated investments, that's not, not in need. So it's lower cost of management. But overall, I would say as, as as investors who LP investors are looking to invest into commercial real estate passively, I would say diverse of our portfolio is probably the best way to go. So some of your investments should be in syndicated deals, some of your investments should be in funds and deals that are structured in funds and yeah, that's basically the main differences between funds and great that you bring that up, is that because of the difficulty and cumbersome process in putting these syndicated deals in cross-border multiple syndicated deals, we're actually looking to, we're in the process of starting our first US Canadian, US multi-family fund.   And actually I was gonna book a call with you. We were, I was gonna discuss to see get you, get you on there as board of directors as well. So that's a phone call you're gonna be getting from me soon here to discuss the fund. There   Jesse (34m 37s): You go. We're in real time. I like it. No, it makes sense because again, it goes back to this idea of there's a lot of information and it doesn't really matter if you're an American or Canadian because you can have, you know, you can have information that comes from the states and you're, you live in the states, you're American citizen and it's still not be correct. So it's always important to understand, you know, what the nuance is. There's a lot of great stuff on YouTube, but you know, a lot oftentimes there's, there's some misinformation. So it's, it's important that you, you know, you look into this stuff as you're making these decisions because for most people it's, it's, it's a lot of money.   It's a, it makes a large, it's a large percentage of the portfolio that you're, they're usually dealing with and you know, I love my real estate brothers and sisters, but we tend to be very asset specific too. So when we go into these deals, it's important that we understand them. I want to switch gears a little bit August and be mindful of the time, but you know, something that's absolutely topical right now is the economy. We're in a place right now where interest rates have gone up more than we have seen them in quite some time.   I remember when I started investing, I was saying oh 8 0 9, you know, five and a half, 6%, that was kind of the norm for five year fixed, you know, we got down very low and now we're kind of heading back up and there's a, I think a very big question mark of what 2023 has in store for us. So I guess put simply loaded question, but you know, what is your view on the state of the economy and, and what we're gonna be kind of looking at as you know, we kick off January in 2023.   August (36m 17s): Yeah, absolutely. So I definitely have a dog in the race because I'm in the real estate investment world. So we, we, you know, the, to keep the cop company operational, we have to close on deals, but we also have to be very vigilant of our, our investors' capital and be very opportunistic over the next couple quarters here. So we're very vigilant on the deals that we we're gonna be doing. Overall speaking about the economy, I personally believe that the economy is not sick. It is not a situation where it was in oh eight and in gfc I think what's happening is we're just paying for the residuals of covid where, you know, you have trillions of dollars that were printed by central banks and it really created so much liquidity into the economy and were really paying that back and that that's really what created inflation.   And, you know, the, the fed was, was, was a bit late, but they came back in and they've been very aggressive, very hawkish fastest increase in interest rates over 300 basis points in the shortest time since I believe the, the eighties they'll continue to raise. So investors have to really, really be careful in this, in these situations because when you are in an increasing interest rate environment, everything changes, doesn't matter what is it being increased by, but as, as the Fed and central banks are increasing those interest rates, it creates a lot of tension when it comes to lenders, when it comes to properties.   But there's also opportunities that can be found. For example, one of our strategies over the next couple of quarters is looking at deals in situations where either syndicated groups or other groups were overleveraging themselves. Maybe they didn't purchase a rate cap or maybe the, the rate cap that the purchase is coming due and now they have to repurchase it, which is a huge amount that they have to pay for the new rate cap they have to purchase. So there are opportunistic investments available and, you know, to, to watch out for.   There's also deals where you could do consumable loans, basically take over a loan, which it matures in, in, in the next three years. So over the next two quarters, at least till Q3 of 2023, I would, my advice is for investors to be very cautious, only get involved in deals that have a certain opportunistic component in them and from, but, but moving from there, I feel that at some point, obviously the, the Fed will stop raising rates, they will taper off and probably most probably start, you know, lowering rates sometime either at Q4 of 2023 or early in 2024.   They have a huge debt, they have 33 million of debt that they're paying and, and if the interest rates stay as high as they are, the premium they're paying on their own debt is so high that will cover most of their, their budget. So they don't want race to stay high themselves. So, but yes, that's, that's kind of overall how I feel about the economy and also, again, talk about those nuances. You've got the Canadian economy, you've got the US economy, you got the, you know, bank of Canada, you have the, the Fed raising rates at, at, you know, depending on how they want to control inflation in their own countries.   So yeah, the get as much as content and information out there, keep stay up to date of what's happening and be very careful over the next couple quarters.   Jesse (39m 35s): All right, August, so we're gonna kick off the, the final, final questions here. So if you're ready I'll send them, send them at you.   August (39m 42s): Ready?   Jesse (39m 43s): Okay. For younger people in our world in real estate, real estate investing, what advice would you give them?   August (39m 51s): Ooh, let's see. That advice I would give to people starting us. So don't be afraid of large numbers. Syndicating a deal that's is a duplex in a suburb of Ontario is just as easy as syndicating a hundred unit apartment communities. So don't be afraid of large numbers. The other other advice is really the golden rules of real estate. Don't be highly leveraged and exceed the business plan that you had from day one. And educate yourself, you know, eat, sleep, live, breathe this business and educate yourself and be a student of the game.   Jesse (40m 21s): What's one thing that you learned in the beginning of your career early on that, that you wish you knew back then that you know now?   August (40m 30s): Syndication. I wish I knew that you could syndicate deals and, you know, partner with others and to be able to close on larger deals.   Jesse (40m 39s): All right. Any resources, podcast books, shows, anything you are, you're taking in right now that you could recommend to our listeners   August (40m 48s): Podcast shows? Yeah, let me see. I watch Great Capital. It's pretty sophisticated stuff, but great capital. They have great podcast. The guys there, Spencer Gray and his team, that's a, that's a podcast that I listen to religiously. Other resources, books. Do you have a, do you have a book question coming up or   Jesse (41m 9s): No, no, that's, that's part of it. Yeah. Media, books, shows, whatever, whatever you're taking in right now. Yeah,   August (41m 13s): If you're looking to start a fund, if you're looking to start syndicating larger deals, I would recommend two really. The two Bibles of Syndications are the best ever apartment syndication book by Cho Fer, and then Raising Capital for Real Estate by Hunter Thompson. One of them is about raising capital, the other one about really syndicating multi-family deals. So they're both, like I said, they're bibles of syndication that you have to read and educate yourself.   Jesse (41m 40s): Yeah, and I'll just shout out to, to Hunter as well. He is got a great podcast, so check that out. You can, I, I, I don't want to get the name wrong, so just Hunter Thompson Real Estate, you could check that out. But that's also yeah, an absolute great book. And Joe Faris, I mean that really is the Bible when it comes to Ba of Investing. August. For those that want to connect with you, what's the best place that we can, we can send them,   August (42m 8s): I'm very active on LinkedIn, so you know, August Penny as on LinkedIn cpa, capital on LinkedIn. Get in touch with me. Send me a message. You, you're looking to start your own fund or syndicate deals. More than happy to chat about co syndication, our website, CPA capital.ca, YouTube and podcast Real Estate Investing demystified August Biaz, Google it. A lot of stuff will come up. I'm easy guy to get ahold of.   Jesse (42m 34s): My guest today has been August Bins. August, thank you for being part of Working Capital.   August (42m 39s): Thank you for having me.   Jesse (42m 48s): Thank you so much for listening to Working Capital, the Real Estate podcast. I'm your host, Jesse for Galley. If you like the episode, head on to iTunes and leave us a five star review and share on social media. It really helps us out. If you have any questions, feel free to reach out to me on Instagram. Jesse for galley, F R A G A L E. Have a good one. Take care.   ...  

August Biniaz is the co-founder of CPI Capital, an investment firm focused on multifamily value-add assets. In this episode, he shares his business approach from a marketing standpoint, how he approaches building and nurturing relationships with investors, and which tactics have worked best for him.    August Biniaz | Real Estate Background Co-founder of CPI Capital, an investment firm focused on multifamily value-add assets. CPI Capital is a Canadian-based real estate investment firm with a mandate to acquire U.S. multifamily properties.  Portfolio: $208M AUM Based in: Vancouver, BC, Canada Say hi to him at:  cpicapital.ca LinkedIn Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant

August Biniaz is a Real Estate Developer, Fund Manager, General Partner and a Real Estate Private Equity Thought Leader with 15 years of experience. He is the Co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US. August was instrumental in the closing of over $208 million of multifamily assets since inception. August has a passion for sharing his knowledge and helping others reach financial freedom. August enables investor partners to earn substantial returns by investing in multifamily properties in the hottest US markets. He educates investors through the CPI Academy platform, YouTube Show, Webinars, Meetup Groups, and more. We talked to August about the importance of building a brand, why educating your potential investors is key, and the US and the Canada Markets. Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%!   [00:01 – 05:37] Opening Segment  August talks about his background; Brokering deals and syndications; [05:37 – 24:58] Steady Growth He talks about how he raised $5,000,000 in his first syndication; How the syndication process works; How to build your brand; Why you should educate your potential investors; How to put yourself out there as a multifamily investor; [24:58 – 35:00] Capital Preservation The Canadian Market VS. The US Market; Why there is so much demand by foreign investors for the US real estate; August talks about his company CPI Capital; Challenges that August had to overcome as a non-US resident Announcement: Download Our Sample Deal and Join Our Mailing List [35:00 – 44:07] Round of Insights Apparent Failure: Not educating people in his first investment Digital Resource: Asana Most Recommended Book: Raising Capital Daily Habit: Thinking about what he is grateful for every day  #1 Insight for Investing: Get a coach.  Best Place to Grab a Bite in Vancouver: Chinese Cuisine Contact August: To learn more go to www.cpicapital.ca Tweetable Quotes: “It's really important when you build a brand, other people knowing exactly what you do because the first thing that comes in people's mind is ‘What's in it for me?'" - August Biniaz Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

August Biniaz is a Real Estate Developer, Fund Manager, General Partner and the Co-founder of CPI Capital. The latter is a real estate private equity firm helping investors acquire in Multifamily assets. August was involved in the closing of over $208 million of multifamily assets. On this episode, we discuss:   Real estate private equity firms vs REITEs Where CPI Capital is currently investing and why The advantages of a syndication model Compliance around a private equity firm in Canada vs USA The benefit of working with an exempt market dealer The structure of his limited partnerships     You can reach out to August by visiting cpicapital.ca Download a free report: “Why you shouldn't buy investment properties in Oakville, Burlington and other cities in the GTA” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

In this episode Axel interviews August Biniaz, real estate developer, fund manager, general partner and a real estate private equity thought leader to talk about how to invest in multifamily across the US focusing on private equity and syndication.    For many real estate investors, investing in their own place is fine.  For others the key is to invest in other countries that make more sense and get more profit. August enables investor partners to earn substantial returns by investing in multifamily properties in the hottest US markets.   August and Axel dive deep into how August got started in real estate and created CPI Capital, his real estate Canadian passive investing fund. They also converse about the best US markets to invest in and why, the co syndication model and the value add model, how he became successful starting business by chasing big deals, and the importance of creating and gaining trust and how to do it. Stay tuned!    For ADVICE or want MORE INFO about Real Estate Private Equity, GET IN TOUCH with AUGUST! Send him a connection request on LinkedIn, let him know learned from him on this show and book a 15 minute call with him.   Please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel   Topics: Welcome August to The Very Real Estate Effect Podcast!: (00:00:00) About August's business model & how he started CPI Capital: (00:01:00)  Doing business in the US market: (00:04:55) What US Markets was he interested in and why: (00:07:54) About first deal in Orlando, Florida & the co syndication model: (00:09:39) How August managed to partner up with other general partners: (00:12:31) How August raised 30MM and his involvement in operations: (00:13:59) About the next deal in Charleston, South Carolina and it's structure: (00:16:57) About deal in Houston, Texas & the value-add model: (00:18:32) What made August so successful in the process of capital raising with big deals: (00:22:20) The importance of creating trust & how to do it: (00:26:48) Wrap-up: (00:30:40)   Who is August? August Biniaz is a Real Estate Developer, Fund Manager, General Partner and a Real Estate Private Equity Thought Leader with 15 years of experience in real estate. He is the Co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US.    He educates his partners about private equity through his business web Academy platform, YouTube Show, Webinars, MeetUp Groups, Real Estate Weekly LinkedIn Newsletter and one on one coaching.    August was instrumental in the closing of over $208 million of multifamily assets since inception.   Mentioned resources:  “Barbarians at the Gate: The Fall of RJR Nabisco” book by Bryan Burrough &John Helyar “King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone” book by David Carey & John E. Morris   Multifamily Investor Nation REIN CRM HubSpot ActiveCampaign   Connect with August Biniaz:  Linkedin Twitter CPI Capital CPI Capital Facebook CPI Capital Instagram The CPI Capital Academy YouTube show   Connect with Axel Monsaingeon: Linkedin  Real Estate Effect Web Facebook Instagram Youtube

Your host, Annie Dickerson, talks with Ava Benesocky of CPI Capital. CPI Capital empowers investors to earn passive income through real estate investing. CPI identifies multifamily, value add opportunities like access to tax advantaged, passive income generating assests while the team manages the properties. To learn more about Ava's work, visit https://www.cpicapital.ca/ (https://www.cpicapital.ca/) If you'd like to be a guest on Real Estate Syndication Spotlight, click https://goodegginvestments.com/podcast1/ (HERE)

“Another very major milestone was the moment I realized that the limitations that I have for being a developer, being a builder, the limitations that I have because of my access to equity could be alleviated by private equity, by private capital, by investors. We require investors throughout our whole life because an investment is not only a monetary amount, a lot of times people give their time, give a lot of different things to us. They're investors in us.” – August Biniaz    Connect with Taylor: LinkedIn Twitter Youtube Selected links and people mentioned from this episode: CPI Capital Think and Grow Rich by Napoleon Hill Rich Dad, Poor Dad by Robert Kiyosaki Sapiens: A Brief History of Humankind by Yuval Noah Harari Zero to One by Peter Thiel Connect with REIN Canada REIN Canada CEO@reincanada.com REIN Channel Facebook Instagram Twitter [02:08] Patrick introduces his next TEDM guest, August Biniaz. [03:27] August and Patrick get the show started first with mutual appreciation! August shares a bit about the business of what he does and the business strategy of his company CPI Capital. [07:20] Taking us back 15 years, August follows his Mom's advice to get his realtor's license (a bit more than a weekend course!) and his love of real estate begins. With an interest in managing renovation projects, and building his own portfolio, August started to explore other pockets of real estate like fix and flips, and ground-up development. [13:55] It was a quick realization for August that brokering deals was not for him, it felt far too much like a job which had never held any interest for him. The fuel that lit his entrepreneurial fire was observing his Dad's experience first-hand in following the conventional path of education, a degree, a good job and the lack of a good job despite best efforts. This route appeared to August to be neither fruitful nor enjoyable. [19:30] August speaks to the life-changing, trail-blazing experience of immigration and why his parents wanted to leave Iran to come to Canada. [24:24] Reflecting on his experience of living in Iran and coming to Canada at 13 years of age, August acknowledges the foundation it created that allowed him to build upon who he is today. [26:06] Mom's approval still comes first! August describes what ignites his passion for what he does, what gets him out of bed in the morning and drives him to achieve the extraordinary even in the face of adversity. [28:35] August talks about vision, the incredible opportunity he has in the real estate private equity space, and what sets them apart from others who are doing similar work. A large component of it is communication, education, and transparency with their investors. [32:24] Going back to the entrepreneurial mindset, August explains how even at a young age, he saw that the businessmen who were in his environment seemed to be having more fun and more fulfilling life experiences. Feeling constricted by the idea of a “job” he naturally gravitated to a life that for him, felt freer. [35:41] Mentorship. Without hesitation, August stresses mentorship as the first thing a businessperson and entrepreneur can seek, to learn, build skills, and build confidence. It is something he stepped over early on but would have saved a lot of hardship if he hadn't. The second point of guidance he offers, is to get completely immersed in the business you are pursuing. Join clubs, meet people, read the books; make it the centre point around which you build your life. [39:22] August highlights the many milestones he has met along his journey, not the least of which is discovering the power and opportunity that private equity provides. [42:32] Values and integrity are foundational in how August and CPI operate for their investors. With a firm understanding of the trust their investors have in them to be good stewards of their capital, they lead with an investor-first approach.

Building Your Private Equity Firm from the Ground Up Welcome to the home of all things Toronto Real Estate. This podcast has GTA market updates and investing tips for new and experienced investors. Bradley is the founder of Watson Estates, an investor and real estate broker in Canada's greatest city. This isn't advice, just our honest analysis of the market. Today's guest is August Biniaz, a Real Estate Developer, Fund Manager, General Partner and a Real Estate Private Equity Thought Leader with 15 years of experience in real estate. He is the Co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US. August was instrumental in the closing of over $170 million of multifamily assets since inception. August has a passion for sharing his knowledge and helping others reach financial freedom. August lets investor partners earn substantial returns by investing in multifamily properties in the hottest US markets. He educates his investor partners about Real Estate Private Equity through the CPI Academy platform, YouTube Show, Webinars, MeetUp Groups, Real Estate Weekly LinkedIn Newsletter and one on one coaching. How to reach August Biniaz: Website = https://www.cpicapital.ca YouTube = https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg/videos Instagram = https://www.instagram.com/cpicapital/ Facebook = https://www.facebook.com/CPICapital LinkedIn = http://linkedin.com/in/august-biniaz-23291460 Find Us: www.linktr.ee/WatsonEstates This is not advice, just our analysis of the market. If you enjoyed the video consider subscribing. We always love to hear feedback and comments. Tell us what you think! Receive GTA Off-Market Deals & Passive Small to Mid-Size Apartments Deals Across Canada Right Now! Click Here to Sign Up absolutely FREE: https://pages.watsonestates.ca/ Yours in Real Estate, Bradley Watson Broker at Sutton Group - Summit Realty Inc. , Brokerage. Phone: 647-206-9554 Email: bradley@watsonestates.ca

August BINIAZ & Ava Benesocky are founders of CPI Capital; a Canadian based real estate investment firm that focuses on identifying multifamily opportunities throughout the United States. Learn More About August and Ava Here: Website: www.cpicapital.ca  YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg/videos  Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 15 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/  

By focusing on the power of networks, our guests, Ava and August, a power couple who specialize in building meaningful connections and living in the abundance mindset, have cultivated an incredible life. On the show, we discuss various aspects of being in business together with our spouses, with a special focus on mindset and investing from Canada into the US. We delve into several topics, including:• Their Criteria for US Investing for Canadians•  Legal Structures used and how regulations changed• What Canadians need to know about investing in the US• Taxation from Canadian Perspective in US• Selecting the right US Partners• Marketing strategy evolved over time with Youtube, Facebook, Instagram, TikTok, etc.A little bit about our guests, Ava Benesocky and August Biniaz joined forces in 2019. Realizing the pain points Canadian investors were facing in both of their fields of expertise, they founded CPI Capital. CPI Capital is a Canadian-based real estate investment firm, in the business of discovering, acquiring, improving and actively managing US Multifamily Rental Value-add Real Estate Assets. CPI specializes in identifying largely stabilized, revenue producing assets. They enter into strategic partnership with experienced active operators with local market experience in the high growth regions in the United States.If you enjoyed this content and are looking for more, you can continue to learn more about us in several different places for free!on our website for blogs & other podcast interviews! elevateequity.orgour YouTube channel! youtube.com/channel/derekcliffordour book/audiobook! amazon.com/dp/ebookIf you'd like to have a FREE copy of our 7 Ways Commercial Real Estate Syndications Protect and Build Wealth, simply click the link below. We are here and vested in your long-term success! elevateequity.org/7waysEbook

For many real estate investors, it makes sense to invest in your own backyard. For others, passive real estate investing through syndications in another country makes even more sense, with more profit. In this episode, I'm joined by Ava Benesocky and August Biniaz, Co-Founders of CPI Capital. Ava and August launched their company years ago with the intention to be an owner/operator, but they've since switched gears to focus on private equity and syndication. Despite being based in Vancouver, British Columbia, their investment deals are with very experienced operators in the Sun Belt. They have raised and deployed tens of millions of dollars and have over $200 million in assets under management. In our conversation, we dig deep into how they find incredible deals in the Sun Belt from their home base in Canada and how they solve pain points for real estate investors. If you're looking to learn how to invest virtually and invest in markets that are not in your backyard, you're going to love this interview. Key Takeaways with Ava Benesocky and August Biniaz Why Ava and August have focused on the Sun Belt for new deals. Ava and August's five specific criteria for vetting owner/operators. The four metrics Ava and August want to see in a deal before they invest. Thoughts on what is happening with markets, interest rates, cap rates, and finding yields. How CPI Capital helps to remove pain points for investors. How Ava and August underwrite deals and the specific metrics they look for. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/270 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Is it possible for Canadians to invest in US real estate? It is, and Ava Benesocky is here to tell us how. Ava was once a small city girl who moved to the big city to follow her dreams and built a real estate private equity firm from the ground up. Currently, her firm, CPI Capital, is helping aspiring investors to be empowered in making financial decisions by educating them about real estate.  She gives a ton of helpful information for anyone interested in investing in real estate in the United States, particularly Canadian citizens. She also talks about her journey from investing in single family for 10 years to transitioning to multifamily.    [00:01 - 03:06] Opening Segment Ava Benesocky was investing in residential real estate for a decade She jumped to multifamily for this reason How to transition from single family to multifamily? [03:07 - 08:45] How Canadians Can Invest in US Real Estate  Ava's team helps investors from Canada and the US These are the unique challenges between the two kinds of investors This is the equivalent of a US LLC in Canada She talks about her experience closing her very first deal [08:46 - 13:50] How to Overcome Limiting Beliefs They had no portfolio in the US to show to their investors This is what they did instead How to keep in touch with your investors? Ava reveals her secret Aspiring investors have limiting beliefs that they can overcome Ava gives some tips [13:51 - 15:02] Closing Segment A real estate mistake you want the listeners to avoid Trying to reinvent the wheel Find someone who's been there already and learn from them Your way to making the world a better place Educating people Reach out to Ava Links below Final words Tweetable Quotes “We have our track record here [in Canada], but we didn't have the track record that we needed in the US. So the next best thing was to find and partner with…the boots on the ground who've actually been through a full cycle in order to piggyback off their track record.” - Ava Benesocky “A lot of people that want to get started in real estate… limit themselves because of [the] really large numbers [in deals]. Don't allow that to scare you because this is a team sport...” - Ava Benesocky “That's what makes our business go round…really taking those relationships and growing them and strengthening them as they invest in more and more deals with you.” - Ava Benesocky -----------------------------------------------------------------------------   Email ava@cpicapital.ca to connect with Ava or follow her on LinkedIn. Do you want to be an empowered investor who earns passive income from real estate? Visit CPI Capital now! Download CPI Capital's media kit here. Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Ava Benesocky  00:00 We did not raise all that money on our own, but we did was we partnered with our US operating partners. They raised a significant amount of the capital, and then we brought in our Canadian fund. And again, some of our US investors invested as well. So that's how we did our first deal. So a lot of people that want to get started in real estate, they're really like they limit themselves because of these really large numbers. Don't allow that to scare you, right? Because this is a team sport and you can really take action and be part of these great assets if you structure it the right way.   Intro  00:29 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:41 Ava Benesocky is a small city girl who moved to the big city to follow her dreams and built a real estate private equity firm from the ground up. Live in Canada. Ava, welcome to the show.   Ava Benesocky  00:52 Thank you for having me, Sam.   Sam Wilson  00:54 Pleasure's mine. Same three questions I asked every guest to come on the show. In 90 seconds or less, you told me where'd you start, where are you now, and how'd you get there?   Ava Benesocky  01:01 Started in a small town. I'm now in Vancouver, Canada, and a big city and I got there by starting a residential real estate and scaling up to multifamily.    Sam Wilson  01:11 You were in residential for how long?    Ava Benesocky  01:13 For a decade.    Sam Wilson  01:14 A decade. That's a long time. What did you do in residential?   Ava Benesocky  01:17 I was helping people buy and sell residential real estate.   Sam Wilson  01:20 Got it. Was there ever a lightbulb moment? Or what was the lightbulb moment? Cuz clearly you're out of it, where you said, “Hey, there's got to be a better way.”   Ava Benesocky  01:27 You know, a couple light bulb moments for me was I was helping person by person, kind of invest in real estate. I dealt with lots and lots of investors. Everybody wants to invest in real estate, a lot of people don't really know where to begin, and so forth. So I was I was kind of guiding people along the way. And my kind of vision for my life was to help people by the masses. So essentially, now what I do now, I co-founded my company, CPI Capital, and that's where I kind of shifted pivoted my focus to real estate private equity, where I could help hundreds of investors at a time invest in real estate, but on a passive side.   Sam Wilson  01:58 What was that transition like for you? I mean, there's a lot of steps between, hey, I'm a residential realtor, and I teach people how to invest in real estate, too. Now we're doing large commercial projects. What was that process like?   Ava Benesocky  02:10 The process was really exciting and educational and didn't come overnight. It took a lot of grinding and again, education, I went through this massive educational journey, you know what, I co-founded my company from a fundamental problem that I, I've seen existed for real estate investors. And again, that goes back to you, everybody wants to put their money in real estate. But a lot of busy professionals don't really have the time knowledge or experience on where to begin, right. A lot of people don't want to be landlords, a lot of people don't want to have to deal with the calls at night. And hey, my toilet, you know, toilets and tenants, if you will. So when I kind of shifted, again, I went from me kind of realizing this problem that existed and I really wanted to find a solution to that problem. And that was me building my real estate private equity firm, really figuring out the legalities of it cross border because I'm dealing with helping, partnering with Canadians to acquire US multifamily assets. And again, partnering with US investors as well. So I can go on and on about kind of the trials and tribulations I went through and how I did it. But oh…   Sam Wilson  03:07 No, no, that's good. You're answering really the questions on that, since you brought it up, the legalities of you know, developing or having investors on both sides, you know, in the US in Canada, what was your solution to that?   Ava Benesocky  03:20 Yeah, well, you're dealing with cross-border, right. So two different taxations, two different governing bodies, two different securities compliance. So trust me when I say I spoke to 40, 50 cross border tax accountants, and cross border lawyers and really got my corporate structure aligned, to be able to serve both US and Canadian investors. Canadians, really exciting, kind of pain point that I relief from them as they have access to US multifamily assets, to US real estate because there's incredible opportunity for all those US people who live in, you haven't written your own backyard. And what I did essentially was relieve them from pain points, like double taxation and worrying about, you know, where do I invest in the US and how do I access these great investment opportunities?   Sam Wilson  04:04 Right. So what was the solution? Is there a legal, I'm asking more specific here? Is there was there a legal solution such as you know, the way you created the LLC, is was there a certain fund model? What does that look like for a finished product?   Ava Benesocky  04:17 Yeah, so we use a fundable fund structure where we pull together Canadian capital and we deploy it as one investor and to the entity that owns the asset on the US side. Now, there's a treaty that exists between Canada and the US, okay. So if you put your fund, if you incorporate your fund of funds structure properly, what happens is the CRA on this side of the border sees it as a flow-through entity and Canadians are relieved dollar for dollar on double taxation. Now, if a Canadian was to go and invest into a, you know, project in the US that was formed under an LLC, will then trigger double taxation. So there's not a lot of education that exists here on this side of the border when it comes to investing in the US. So my company when we first started building our Real Estate private equity firm it was all about the education, educating investors how everything works and really making it streamline in their minds on how the legalities and the taxation works to really simplify the process.   Sam Wilson  05:12 Right. So let me get this right. So your Canadian investors invest in what did you call it a CRA?   Ava Benesocky  05:17 No, no, the Canadian investors in a single-purpose vehicle.   Sam Wilson  05:20 Got it. SPV. Okay, so they invest in an SPV, whatever that your equivalent of an LLC is they invest in that SPV. And that SPV, then, of course, you know, invest across the border in the US. What do your investors on this side of the line? What do they invest in? In that same entity?   Ava Benesocky  05:34 Either? Actually, no, they're actually investing into the single-purpose vehicle that actually owns the asset.   Sam Wilson  05:39 Right. So that's that SPV was formed in Canada was formed the United States?   Ava Benesocky  05:42 Formed in Canada.    Sam Wilson  05:43 Okay, so what happens to the American investor, that you're both American, but the United States investor that invests in the Canadian SPV? What's their taxation like?   Ava Benesocky  05:51 So they don't even touch Canada. It's super, super streamlined process for them, they just did US investor invest exactly into the entity that owns the asset, nothing to do with the Canadian side, two separate entities.   Sam Wilson  06:03 Got it. Okay. With a US investor, you're going to steer them directly into the LLC that owns the asset. And then so you can bring two sets of investors and then your other set of investors from the Canadian side is going to be in their own separate SPV that also invest as a single investor in that same LLC that owns the asset.     Ava Benesocky  06:21 Yes, correct.    Sam Wilson  06:23 You have two separate pools of limited partners. Okay. Thank you. All right, that clarifies how that works. I appreciate you taking the time to educate me on that because I wouldn't have known obviously.   Ava Benesocky  06:32 Yeah, Sam, one thing I want to highlight is you kept using the word LLC, the LLC doesn't really work with our, we cannot use LLCs for Canadians to be relieved of that double taxation. So we do have to be very careful how we set up the entity, the single-vehicle here in the US.   Sam Wilson  06:48 So what is the SPV? What is your equivalent of an SPV then?    Ava Benesocky  06:52 We don't even have LLC is actually in Canada. We call it a limited partnership.   Sam Wilson  06:56 Okay. Very interesting. Cool. All right. I love that I love you taking the time to figure that nuance out because that's confusing. I mean, I'm a guy that knows enough to be dangerous in this space. And even that's still just a little bit nuanced. Like, wait, why are you doing this again? Just because I haven't had to learn that yet. So that's absolutely intriguing. Tell me about your first deal you got done. It's one thing to have an idea. It's one thing to educate investors, how did you convince your investors especially in like, not convinced, but how did you approach your investors on the Canadian side to say, hey, look, I'm onto something, and you should be part of this.   Ava Benesocky  07:30 Yeah, that's a great question. And that was quite an experience. Because when I went back to all my investors, and I started talking about, hey, give me your money, I'm going to take your money, I'm going to go to the US, and I'm going to purchase multifamily in the US across, you know, literally across the border, you're thinking like, What are you talking about? This is, what the heck are you talking about? So trust me when I say it was difficult to convert. And that's where we started building our educational platform. So people could really grasp okay, what are they talking about here? And why are they going to the US? So essentially, the same business model, I'm just gonna highly, I just would like to touchpoint on the same business model here in Canada doesn't work, you cannot achieve cash flow and depreciation at the same time. There's very strict landlord laws here, and so forth. So education to try to convert people. And then essentially, our first deal that we did was in Orlando, Florida was a really exciting class, a asset, actually. And we ended up bringing our investors on to that. But what we did was, we went large, our first deal, we went really big. Okay, so we actually started our company, not by doing their original way of doing things where people usually start off with like, you know, a duplex and then a four-plex. And then they go to, you know, a 10-unit. We're not even talking about institutional multifamily assets that are 100+ units. We wanted to bring an institutional asset to our investor community from day one. Yeah. So essentially, that's what we did. We brought them a class A, it was a 350 unit asset in Orlando, Florida, and presented it on a platter to our investor community.   Sam Wilson  09:00 Talk to me through that size of acquisition, amount of capital you had to raise, give me all the nitty-gritty, if you don't mind.   Ava Benesocky  09:06 Yeah, for sure. So when you go to investors, and you say, hey, I want you to invest with me, what's the first question that they usually ask? Okay, show me your track record, right? Like, show me some numbers that have actually been achieved before. You know, people are forecasting all these great returns, keeping in mind Canadian investors, their use, they're really excited about a five to 6% annualized return, that's a great investment for them. That's an amazing investment for them. So when you start talking 20 or 15, 20%, annualized returns, most cases, they're like, this is too good to be true. What are you talking about? So essentially, on our first deal, what we did strategically was we figured out what regions do we want to be in, right? We've been doing real estate in Canada, we had about $100 million worth of transactions done here on this side of the border. We have our track record here, but we didn't have the track record that we needed in the US. So the next best thing was to find and partner with our operating partners, people who are the asset managers, the boots on the ground who've actually been through a full cycle in order to piggyback off their track record and show our investor community, hey, guys, look at the returns that of actual returns that have been achieved. And check out the actual numbers. So it was a $92 million asset in Orlando, Florida, as I mentioned, it was large institutional 350-unit, the capital raise was 32 million, we did not raise all of that money on our own. But what we did was we partnered with our US operating partners, they raised a significant amount of the capital. And then we brought in our Canadian fund. And again, some of our US investors invested as well. So that's how we did our first deal. So a lot of people that want to get started in real estate, they're really like they limit themselves because of these really large numbers. Don't allow that to scare you, right? Because this is a team sport, and you can really take action and be part of these great assets if you structure it the right way.   Sam Wilson  10:49 Right. That's absolutely, one more question. And I should have asked this earlier, but you hit on again. It reminded me that I didn't ask it. For the US-based investors that invest directly in to the which here, it will probably be an LLC that owns the asset, how does that work for you staying in control, and in front of your investor base, I know a lot of us do fund to funds, I participated both myself in a fund to funds model and being the fund sponsor. We want to stay in front of our investors. How do you do that?   Ava Benesocky  11:15 When you say, stay in front of our investors? As far as?   Sam Wilson  11:19 Yeah, I mean, a lot of times, you know, if we come in as a fund of funds, the operator won't even know who the members of that fund are necessarily, right? Because we're all investing in our own fund. And this fund comes with a single investor in that entity. Whereas if you have a pool of other investors in the outside, also investing in that entity, now you've got your sponsor indirect contact, or knows who your other investors are. Is that correct? Or am I missing something?    Ava Benesocky  11:43 Yeah, you know what? Yeah, exactly. They wouldn't know who your investors are, in most cases. But I do all the communications with my investors. Okay. So to stay in front. Yeah. So I'm the one sending them their monthly distributions. I'm the one sending them their monthly updates, you know what I mean? So I still take over the full communication. And that's how I stay in front of my investors. Good question. Okay. Very, very, do not hand them off. Because we have a very tight-knit investor community, right. So we are this educational, like every week sending emails out, we're very hands on all my investors have my personal cell phone number, to be honest with you is so when it comes to that, yeah, I totally dig over the communication and hands on every step of the way.   Sam Wilson  12:21 Which is what we want that you want. When you because a pool of investors, that's a hard earned network, and you don't want to turn loose of that.   Ava Benesocky  12:29 That's what makes our business go round, right is really taking those relationships and growing them and strengthening them as they invest in more and more deals with you.   Sam Wilson  12:38 For sure. Talk to me about resilience and the belief that you could actually do this because I see enough people in the residential real estate space, especially in the realtor world that are just like, you know, completely, you know, narrow, like they got the blinders on like, well, it's just residential, I could never do that they have no idea that this great big world of commercial real estate even exists or that they can even participate in it. How did you overcome that?   Ava Benesocky  13:02 How did I overcome that? You know, what, I've always been a big dreamer, I guess I've always had kind of an entrepreneurial like spirit that was, I think, born within me, but essentially what, it comes down to surrounding yourself with the right people, you know, figure out what you want to do, who do you want to help? What problem do you want to solve, and then take it step by step and learn the process. But for people have limiting beliefs, right, as I was kind of mentioning, when they limit that belief on themselves, and they're kind of stuck in this, the same lane their whole life, it's really about having big dreams. And every time you're fearful, letting that fear kind of empower you to take the next step and take the next step for not just something bigger and better, where you can help more people or you can kind of scale yourself on an active level because it's really exciting when it begins. And it's only your fear that's really stopping you and being that's the only thing that's in your way.   Sam Wilson  13:51 I love it. I absolutely love it. Ava, thank you for taking the time to come on today. This has been a blast. I certainly appreciate it. Let's jump into a final few questions. When it comes to real investing in real estate. What's one mistake you can help our listeners avoid and how would you avoid it?   Ava Benesocky  14:04  Okay, do not try to reinvent the wheel by yourself. Reach out to somebody who's already been there, done that, and follow their guidance.   Sam Wilson  14:10 Right. That's great. Next question. When it comes to investing in the world, what's one thing you're doing right now to make the world a better place?   Ava Benesocky  14:15 Educating.    Sam Wilson  14:17 Love it. Last question for you. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   Ava Benesocky  14:21 So I am super active on LinkedIn, Ava Benesocky, or you can check out my website, it's www.CPACapital.ca or my email is Ava@CPIcapital.ca   Sam Wilson  14:33 Awesome. Thank you Ava for your time today. I do appreciate it.   Ava Benesocky  14:36 Thank you so much for having me.   Sam Wilson  14:37 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening. Thanks so much and hope to catch you on the next episode.

The elements of your business that will cause investors to continue investing with August Biniaz and Ronnie Gou.Follow us on Instagram, Facebook, and TwitterFor more educational content, visit our website at www.diaryofanapartmentinvestor.comInterested in investing with Four Oaks Capital?  First step is to schedule a call with us. This episode originally aired on March 14th ----August BiniazAugust Biniaz is a Real Estate Developer, Fund Manager, General Partner and a Real Estate Private Equity Thought Leader with 15 years of experience in real estate. He is the Co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US. August was instrumental in the closing of over $170 million of multifamily assets since inception. August has a passion for sharing his knowledge and helping others reach financial freedom. August enables investor partners to earn substantial returns by investing in multifamily properties in the hottest US markets. He educates his investor partners about Real Estate Private Equity through the CPI Academy platform, YouTube Show, Webinars, MeetUp Groups, Real Estate Weekly LinkedIn Newsletter and one on one coaching. ----Ronnie GouRonnie is a Managing Partner at Vertical Street Ventures, joining Co-Founders Jenny Gou and Steven Louie after their successful launch of the company. Ronnie focuses on marketing the opportunities VSV creates for passive investors and leads Investor Relations with a focus on capital raising. Ronnie brings 15 years of Market Strategy and Operations background from Procter & Gamble to the team, previously serving as a National Sales Senior Director. He has been directly responsible for running sales and operations for Charmin, Bounty, and Puffs, some of the largest brands in P&G's US portfolio and has personally negotiated deals with some of the world's largest retailers, including Walmart, Target, and Amazon. Ronnie's experience in delivering consistent, stable growth for P&G will be critical as he implements the same focus and expectations for Vertical Street Venture's passive investors. Ronnie has an Economics Degree from UC Irvine and holds an MBA from the University of Minnesota. He is married to Jenny, has two kids and resides in Southern California.----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv> Check out our multifamily investing community!> The Tribe of Titans> Get exclusive access to the Four Oaks Team!> Find it at https://www.thetribeoftitans.info^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

“People don't know, what they don't know. So when you can educate them... it goes back to contributing to people, it goes back to bringing value to people's lives and it's this really cool trickle effect, where then they go share with others and it makes the world a happier place to be.” – Ava Benesocky    Connect with Ava: Youtube Instagram Facebook LinkedIn Selected links and people mentioned from this episode: CPI Capital Good to Great by Jim Collins Who Not How by Dan Sullivan Connect with REIN Canada REIN Canada CEO@reincanada.com REIN Channel Facebook Instagram Twitter [02:08] Patrick introduces his next TEDM guest, Ava Benesocky. [03:17] Ava and Patrick get the show rollin' with Ava sharing a bit about what she's up to, and a few of the platforms on which you can find her. [04:45] CPI Capital is at the hub of where Ava hangs out professionally. She talks about their property investment type and which sun belt States are their main focus. [06:20] From small town Alberta to the big city, Ava shares the story of her background, her entrepreneurial influences, and where, with that entrepreneurial spirit aflame, she wanted to go. [09:04] Ava discusses her early vision as a real estate agent, and how that transformed and evolved as she progressed in her journey, complete with a harsh reality check upon arrival in Vancouver. [12:51] Ava attributes her clarity and ambition to intentional mindset and personal development plus a desire to make a large-scale contribution to the world. That desire and mindset was instilled by her parents and simply became hard-wired into her DNA. [17:15] Her strength and resilience pulled Ava through a difficult and sometimes painful time in the first two years of big city living, and from those challenges, Ava's vision grew alongside her knowing that she would not only overcome but excel. A collaborative encounter ignited the idea to form a company, designed to exist as the solution to the problem many eager new real estate investors face. [21:50] What does the brand CPI Capital stand for? Fundamentally, to be of contribution. [23:40] Within the world of real estate private equity, only 3% of women are in leadership roles. Ava describes how she shows up in that environment, how she uses any fear and anxiety to transform it into a superpower, and powerfully sets herself up for success. [28:23] Guess what Ava's superpower is?! How about Patrick?! [30:08] Conversely, what is Ava's kryptonite? Patrick shares a good personal example. [34:10] Ava gives her perspective of what qualities and characteristics make a great leader. Further to leadership overall, Ava talks about the culture they've cultivated within their team environment which evolves and grows as they learn from one another. [38:15] Ava discusses the vision she has for CPI, one of which is currently coming to fruition, the second forthcoming in five years. They started in the business guns-a-blazing, somewhat counter to the typical real estate private equity firm and built a powerful and influential brand before the structure. Through excellent relationship building they were able to develop the infrastructure to support the brand. [45:08] Fork-in-the-road moments. Ava reflects on the comfortable path she certainly could have taken vs. the magic of having taken chances in her life. She recounts the saying, “logical broke people or illogical millionaires.” Safe to say Ava chose the latter. [47:00] Fear exists all-ways. Ava not only chooses which fear she chooses; she understands the feeling of fear is ultimately going to be of value to her. It's not easy in the moment, but fundamentally she gets that taking on the fear, will elevate and benefit her experience in life. [51:24] Ava explains how she flips the fear of failure on its head, and she and Patrick go on to discuss how they pragmatically break down potential failure in order to move forward on an opportunity.

Ava Benesocky and August Biniaz joined forces in 2019. Realizing the pain points Canadian investors were facing in both of their fields of expertise, they founded CPI Capital. CPI Capital is a Canadian-based real estate investment firm, in the business of discovering, acquiring, improving, and actively managing US Multifamily Rental Value-add Real Estate Assets.   In this episode, Ava and August talk about doing cross-border passive real estate investments in Canada and the US and how they make this easy through nurturing. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 17 minutes from today's episode:  Discover why areas with reduced crime rates and have consistent growth in jobs, population, income, and rent are great places to do real estate investing; Understand the importance of educating interested investors before they decide to sign up for the group; Find out how CPI Capital makes cross-border investments possible, all while complying with both sides' regulations. Resources/Links:  Sign up here to receive CPI Capital's 5 Great Tips to Be a Successful Passive Real Estate Investor: http://cpicapital.cpicapital.ca/newsletter Sign up here to join CPI Capital's group of investors: http://cpicapital.cpicapital.ca/investor Canadian Passive Investing Academy: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg Topics Covered:  01:23 – August's real estate background and how it led to his and Ava's partnership 03:10 – Ava's experience in doing real estate and the problem CPI Capital solves 04:14 – The kind of markets CPI Capital is focusing on these days 06:20 – An educational journey of looking for the problem and providing a solution for it 09:26 – Talking about the process one needs to go through to be part of CPI Capital's group of investors 12:21 – Complying to the regulations of both Canada and the US; turning the Canadian fund into an accredited fund 13:42 – Comparison between the accredited investor qualifications in Canada and US 15:43 – The power marketing and nurturing have on gaining new investors on board 17:20 – What encouraged them to start a YouTube channel and make educational contents Key Takeaways: “So we really went on this massive educational journey because of course, when investors are going to be trusting us with their money, we better make sure that we know the ins and outs of the business.” – Ava Benesocky   “For our fund to be able to invest into the US fund and still comply on the Securities and Exchange Commission, the fund has to be an accredited fund. And for that fund to be an accredited fund, there are two ways: (1) every single one of the investors is accredited, or (2) the fund has over $5 million in assets. That's how we stay compliant on both Canadian side and the US side.” – August Biniaz   “We do a lot of marketing. We do a lot of marketing to get the word out. I speak on as many platforms as I can across Canada. People hear what I have to say. Nobody catches on the first time; there's a seed that's planted in their mind about this alternative investment opportunity. It's available to them. We do a lot of nurturing when it comes to that. Never invest in a business that you don't understand.” – Ava Benesocky “Just like how our company started with finding a solution to a problem, our educational content also started the same way. We saw that there isn't a cross-border platform that teaches us about raising money in Canada, raising money in the US, the difference, the cross items that exist. That's kind of like the impetus for us to start our YouTube show and a lot of other educational content that we create. It was to solve that problem well.” – August Biniaz   “Building wealth passively. Who doesn't want to make money while they're sleeping? Not a lot of people know that that's an option. You don't have to be an active real estate investor. You can put your money into real estate, write a check, sit back, relax, and have people like us do all the hard work for you.” – Ava Benesocky     Connect with Ava and August: Website: http://cpicapital.ca LinkedIn: https://www.linkedin.com/company/canadian-passive-investing YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg LinkedIn (Ava): https://ca.linkedin.com/in/avabenesocky-cpi-capital Connect with Dave Dubeau:  Podcast: http://www.propertyprofitspodcast.com/  Website: https://davedubeau.com/home  Investor Attraction Workshop: http://www.investorattractionworkshop.com/  Facebook: https://www.facebook.com/thedavedubeau  LinkedIn: http://linkedin.com/in/davedubeau  Enjoyed the Podcast?  Please subscribe on iTunes for updates

Tapping Into the Investor Mindset. This week on The Executive Real Estate Investing Show, host Michael Holman talks with Ava Benesocky. In just over a decade in real estate, Ava Benesocky and CPI Capital have rocketed to the top of multi-family investing in Canada. CPI sets their sights on deals in the U.S., and offers both Canadian and U.S. investors a chance to have truly passive income through value-add properties. Ava bursts with energy as she describes the “Investor Mindset,” basically, thinking beyond saving for retirement. What if you could have a source of income with monthly distributions, with no hassle? Listen now as Ava walks us through her first triumphs and failures, and how she had to recenter her mind to open the door for lasting success.

Today, I'm excited to introduce Ava Benesocky & August Biniaz, two of my Canadian friends who are helping investors from Canada to invest in US projects. They founded a firm called CPI Capital, which is a Canadian based real estate investment firm in the business of discovering, acquiring, improving and actively managing US Multifamily Rental Value. Ava's greatest asset is her ability to cultivate long lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. With almost a decade of experience in real estate, Ava brings a wealth of knowledge and experience to CPI. August is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. Let's tap into understanding what the investment insight is from one of our foreign counterparts ! Getting to know Ava  and August - [00:01 – 08:10] I introduce Ava and August to the show Bio  Ava and August share a bit of their background and work. CPI Capital. Canadian investors. Discovering US Multifamily Real Estate assets. Educate Canadian fellows on how to invest in the US. Provide clash flow and appreciation to the investors. Canadian Real Estate. US Multifamily Rental Value   [08:11 – 23:50] Ava and August talk about the investment culture in Canada. Rely on continuous appreciation: not sustainable. Immigration: demand in the major cities. The appreciation game: negative cash flow. Help Canadians invest in value-add multifamily projects. Solve the problem of cash flow. Tax benefits. Cap rates. Invest passively. Comparing the opportunities in the US with Canadian opportunities. Migrating money to the US to invest in these assets. Combine compliance with laws of another country. Understand the market in the US. August explains the process to select partners they want to work with in the US. Follow the numbers:  job growth, population growth, income, growth, rent growth and crime reduction. American mindset in business. Ava shares what CPI Capital is looking for. Less risk and  less return vs more risk and higher return. Luxury product vs equity creation. Strong relationships with investors. Educate investors with the value add opportunity component. Why as a Canadian investor should I choose to take my money to US Real Estate instead of Canadian Real Estate? Cash flow. Natural appreciation. Amplify returns. The Quattro Trio - [19:48 - 24:25] What is your superpower? Ava: Creating strong relationships with people. August: Being creative and open minded to exploring new ideas. What is your biggest failure?  Ava: Being distracted. August: Hiring the wrong man for the job. How to connect with Ava and August. Links below  Final words Tweetable Quotes: “ But keeping in mind, we've created a really strong relationships with our investors, and we've educated them and with this value, add opportunity component as well.” -  Ava Benesocky “So when I was introduced to us multifamily value add I fell in love with it, because it's an already built asset. So you just going in there adding some sort of value.” - August Biniaz “ As long as there's consistent job growth, population growth, income, growth, rent growth, you know, growth metrics available in the market, and crime reduction. These are great markets to invest in.” - August Biniaz Resources Mentioned: From Ordinary to Extraordinary: Success Stories from Women Investing in Real Estate You can connect with Ava on LinkedIn. You can also email her at ava@cpicapital.ca  or call 6048288302 You can connect with August on LinkedIn. You can also email him at august@cpicapital.ca or call 6043634797 Don't forget to check out CPI Capital Website and learn more about the value add opportunity in the US! LEAVE A 5 STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.  Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.  

The concept of syndications isn't really mainstream in Canada like it is in the US. With double taxation, it's difficult for Canadians to invest in American real estate. This is where CPI Capital comes in with its new approach to remote investing. Join your host Lisa Hylton as she sits down with August Biniaz and Ava Benesocky of CPI Capital. August is the CSO/COO and Co-founder of CPI Capital, and Ava is the CEO and Co-founder of CPI Capital. Join in the conversation and learn how Canadians can invest in American real estate.Love the show? Subscribe, rate, review, and share!Here's How »Join The Level Up REI Podcast Community today:lisahylton.comTwitterInstagramFacebookLinkedInYouTube

How to Cultivate and Nurture Relationship with Investors with Special Guest: Ava Benesocky! Coming from a family of accountants, Ava values hard work and compassion above all. She became one of the youngest award-winning agents at REMAX and was unstoppable thereafter. Fearless and ready to write her own story, she moved to Vancouver, where she built a strong network of real estate investors. She continued to learn and grow with resilience and persistently gained knowledge in the field of real estate investments. Realizing the pain points many investors have when looking to passively invest in real estate, Ava pivoted her focus to real estate private equity. She co-founded CPI Capital, a uniquely innovative company allowing investors to invest in Multifamily investment opportunities and benefit from passive income, above-market returns, monthly cash flow, and limited liability. Ava is a public speaker and has been featured in publications such as Forbes and numerous Podcasts and YouTube shows. Ava helps busy professionals to earn passive income through smart Real Estate investments. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 4700 units amounting to over $600 million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ ------------------------------------------------  

How to Cultivate and Nurture Relationship with Investors with Special Guest: Ava Benesocky! Coming from a family of accountants, Ava values hard work and compassion above all. She became one of the youngest award-winning agents at REMAX and was unstoppable thereafter. Fearless and ready to write her own story, she moved to Vancouver, where she built a strong network of real estate investors. She continued to learn and grow with resilience and persistently gained knowledge in the field of real estate investments. Realizing the pain points many investors have when looking to passively invest in real estate, Ava pivoted her focus to real estate private equity. She co-founded CPI Capital, a uniquely innovative company allowing investors to invest in Multifamily investment opportunities and benefit from passive income, above-market returns, monthly cash flow, and limited liability. Ava is a public speaker and has been featured in publications such as Forbes and numerous Podcasts and YouTube shows. Ava helps busy professionals to earn passive income through smart Real Estate investments. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 4700 units amounting to over $600 million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ ------------------------------------------------  

How to Cultivate and Nurture Relationship with Investors with Special Guest: Ava Benesocky! Coming from a family of accountants, Ava values hard work and compassion above all. She became one of the youngest award-winning agents at REMAX and was unstoppable thereafter. Fearless and ready to write her own story, she moved to Vancouver, where she built a strong network of real estate investors. She continued to learn and grow with resilience and persistently gained knowledge in the field of real estate investments. Realizing the pain points many investors have when looking to passively invest in real estate, Ava pivoted her focus to real estate private equity. She co-founded CPI Capital, a uniquely innovative company allowing investors to invest in Multifamily investment opportunities and benefit from passive income, above-market returns, monthly cash flow, and limited liability. Ava is a public speaker and has been featured in publications such as Forbes and numerous Podcasts and YouTube shows. Ava helps busy professionals to earn passive income through smart Real Estate investments. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 4700 units amounting to over $600 million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ ------------------------------------------------  

Ava started out in Real Estate as an award-winning agent at Re/Max. After becoming disenchanted with the realtor's life, Ava pivoted into the world of private equity. She co-founded CPI Capital, a private equity firm whose mission is to provide above-average returns to passive investors while developing properties in the US.   Co-founder of a YouTube show and co-authored of a book (Ordinary to Extraordinary), Ava is an exceptional lady. Join us to learn more about her amazing journey!

Welcome to today's show! Today, we have a special guest who remarkably shares the same pursuit as mine: to help others invest safely in Commercial Real Estate, specifically in Multifamily deals.  August Biniaz is a Real Estate Developer, Fund Manager and General Partner with 15 years of experience in real estate. He is the co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US. August was instrumental in the closing of over $170 million of multifamily assets since inception. Not too long ago, I was also a guest in the podcast August hosts called the Canadian Passive Investing Academy. If you find this episode interesting, join us throughout the episode and connect with me or August through the links below for more valuable information on Passively Investing in the US while in Canada.   [00:01 - 17:05] Opening Segment  I Introduce our special guest for today's show How August came up with that business model What caused August to put so much energy and effort in this market Cash Flow and appreciation exists in the US To someone interested in investing passively Strategy for a huge market reach [17:06 - 37:48] August shares about his Investing life The challenges met by aspiring investors Put out the most fishing rods! Choose the “best buddy” you should be having What's your niche are you associated with? You're not selling, you're providing partnership What to expect when reaching CPI Capital The goal is for people to call you What the conversation should look like Dealing with people is an art Don't have a false sense of security Set your expectations accordingly Raising Capital in Canada What an EMD is    [37:49 - 46:12] Closing Segment Would August do things differently if given the chance? What August's daily life looks like Final Thoughts We will begin coaching sessions next month! If you are interested in my coaching and consulting program, please reach out to me through email at  shane@shanemelanson.com or see below for my website link. I want to make sure to cater those interested, so please use the word “coaching” on the body or subject line. Don't forget to connect with August and grab ahold of his business through the links below Tweetable Quotes: “The US is the pinnacle of capitalism in the world.” - August Biniaz “The US is more like a continent within itself.” - August Biniaz “We took the unusual route of becoming thought leaders in space. I don't recommend this to everyone. Utilize whatever strong asset you have within yourself.” - August Biniaz “Rather than giving them one platform to focus on, be the student of the game. The videos you watch, the podcast you listen to, the meetings you go to, the conversations you're having, should all be Real Estate related.” - August Biniaz ______________________________________________________________________   Follow August's LinkedIn and Email him at august@cpicapital.ca LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or click here to listen to our previous episodes. Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel. If you enjoyed this podcast and would like to go even deeper into the world of commercial real estate, head over to my website for more information on my services, new book, and my blog. Follow me on Facebook, Twitter, and Instagram. Or email me at shane@shanemelanson.com

On this episode of the Passive Income Attorney Podcast, Seth is joined by Canadian passive investing experts Ava Benesocky and August Biniaz as they talk about the importance of getting started with your passive investing empire now, so that you can live a life of freedom. Inside this episode you'll discover the mindset and strategies you'll need to make your first investment. Ava and August are co-founders of CPI Capital, a Canada-based real estate investment firm focused on multifamily investment opportunities in the United States. They share their discovery of the enlightened path in going from real estate agents to real estate investors. Enjoy the episode! “Educate yourself as much as you can, any chance you get. . .if you put your mind to it, you can achieve it.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: How to transition from real estate agent to real estate investor Differences in mindset between agents and investors How the US real estate market compares to the Canadian real estate market Why the United States is the best place in the world to invest in real estate How to invest as an international investor Educational, legal and tax hurdles and issues you need to know to invest internationally The best tips so you can get started with either active or passive investing And so much more!   ABOUT | AVA BENESOCKY AND AUGUST BINIAZ: Ava Benesocky is the CEO, and August Biniaz is the COO and CSO of CPI Capital. Together, they co-founded the company. CPI Capital is a Canada-based real estate investment firm in the business of discovering, acquiring, improving, and actively managing US Multifamily Rental Value-add Real Estate Assets. CPI specializes in identifying largely stabilized, revenue-producing assets that allow it to pay our investors regular distributions immediately after closing the property. Ava started her real estate career nine years ago in Alberta. Daughter of highly-educated accountant parents, she was taught the quality of hard work from a young age. Ava was able to become one of the youngest award-winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with real estate professionals, and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed. Ava's greatest asset is her ability to cultivate long-lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. August is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. August's real estate journey began as an agent in British Columbia, where he focused on local market trends and understanding his client base to meet their needs better. At this time, August was also flipping properties at significant margins. After numerous projects, August realized his interest in the construction industry and started his own development company, where he built custom homes.   FIND | AVA BENESOCKY AND AUGUST BINIAZ: YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg Website: https://www.cpicapital.ca Investor Sign Up: http://cpicapital.cpicapital.ca/investor Newsletter Sign Up: http://cpicapital.cpicapital.ca/newsletter   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/  

On this episode of the Passive Income Attorney Podcast, Seth is joined by Canadian passive investing experts Ava Benesocky and August Biniaz as they talk about the importance of getting started with your passive investing empire now, so that you can live a life of freedom. Inside this episode you'll discover the mindset and strategies you'll need to make your first investment. Ava and August are co-founders of CPI Capital, a Canada-based real estate investment firm focused on multifamily investment opportunities in the United States. They share their discovery of the enlightened path in going from real estate agents to real estate investors. Enjoy the episode! “Educate yourself as much as you can, any chance you get. . .if you put your mind to it, you can achieve it.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: How to transition from real estate agent to real estate investor Differences in mindset between agents and investors How the US real estate market compares to the Canadian real estate market Why the United States is the best place in the world to invest in real estate How to invest as an international investor Educational, legal and tax hurdles and issues you need to know to invest internationally The best tips so you can get started with either active or passive investing And so much more!   ABOUT | AVA BENESOCKY AND AUGUST BINIAZ: Ava Benesocky is the CEO, and August Biniaz is the COO and CSO of CPI Capital. Together, they co-founded the company. CPI Capital is a Canada-based real estate investment firm in the business of discovering, acquiring, improving, and actively managing US Multifamily Rental Value-add Real Estate Assets. CPI specializes in identifying largely stabilized, revenue-producing assets that allow it to pay our investors regular distributions immediately after closing the property. Ava started her real estate career nine years ago in Alberta. Daughter of highly-educated accountant parents, she was taught the quality of hard work from a young age. Ava was able to become one of the youngest award-winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with real estate professionals, and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed. Ava's greatest asset is her ability to cultivate long-lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. August is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. August's real estate journey began as an agent in British Columbia, where he focused on local market trends and understanding his client base to meet their needs better. At this time, August was also flipping properties at significant margins. After numerous projects, August realized his interest in the construction industry and started his own development company, where he built custom homes.   FIND | AVA BENESOCKY AND AUGUST BINIAZ: YouTube: https://www.youtube.com/channel/UCBliV4We30bjaKqmqri8jQg Website: https://www.cpicapital.ca Investor Sign Up: http://cpicapital.cpicapital.ca/investor Newsletter Sign Up: http://cpicapital.cpicapital.ca/newsletter   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/  

In this interview, we speak with Ava Benesocky and August Biniaz, Co-Founders of CPI Capital, a Canadian-based real estate investment firm. Having joined forces in 2019, Ava and August bring a broad range of skills to the real estate sector. CPI Capital was founded in the business of discovering, acquiring, improving, and actively managing multifamily rental value-add real estate assets in the United States.    In this episode, you will learn: Why Ava and August began investing in the U.S. How Canadian investors can participate in and raise capital for U.S. deals  What syndication means in real estate and how it works The process CPI Capital goes through to partner with active operators in selected regions (and why!) Overview of CPI Capital's 354-unit deal priced at $92 million USD  Why value-add opportunities are essential in multifamily investments and how they influence your NOI   *Remember to leave us a rating and review on your favourite podcast platform!   Connect With our Guest: Ava Benesocky and August Biniaz - Co-Founders of CPI Capital Website: www.cpicapital.ca  LinkedIn: https://www.linkedin.com/in/avabenesocky-cpi-capital    Connect With Us: Peak Multifamily Investments Instagram: @peakmultifamily Facebook: @peakmultifamily Facebook Group: Apartment Building Investors Network LinkedIn: Peak Multifamily Investments Email: connect@peakmultifamily.ca Website: www.peakmultifamily.ca   Mark Baltazar - Co-Founder, Peak Multifamily Investments Instagram: @mark_baltazar Facebook: Mark Baltazar LinkedIn: www.linkedin.com/in/mark-baltazar Email: mark@peakmultifamily.ca   Mike Rockall - Co-Founder, Peak Multifamily Investments Instagram: @rockallrealestate Email: mike@peakmultifamily.ca   More Resources: Looking to learn the steps you should take to invest in multifamily assets? Our on-demand video masterclass is now available! Get access now by visiting https://peakmultifamily.ca/masterclass    Do you want to gain insight into the world of apartment building investing? Here's your chance: We are hosting a webinar series! Sign up now: https://bit.ly/webregistration_podcast   We are currently buying 6-30 unit buildings all across Ontario. If you are looking to sell your building, visit https://peakmultifamily.ca/seller   Interested in learning more about our coaching and educational programs related to multifamily investing? Set up an introductory call with our hosts by visiting https://bit.ly/peak_coachingservices     Are you looking to purchase an apartment building? Join our V.I.P. buyers list by visiting https://peakmultifamily.ca/buyer   Sign-up to stay up to date on the latest webinars, events, podcast episodes and other resources pertaining to multifamily investing in Canada and building generational wealth. Visit: http://bit.ly/signup_peak   Visit https://bit.ly/peak-duediligence to download our FREE ‘Apartment Building Purchase Due Diligence Checklist'.   Visit http://www.peakmultifamily.ca/insights-and-resources for FREE access to apartment building investing webinars.    Visit our website at www.peakmultifamily.ca for more information about our investment strategy and other FREE resources to help guide you along your apartment building investment journey.  

August Biniaz and Ava Benesocky are co owners of CPI Capital, a Canadian investment firm. With a background as successful real estate agents, Ava and August saw an opportunity to bring multifamily opportunities in the U.S. to Canadian investors. Here's some of the topics we covered: Hurdles for Canadians Emulate successful people Importance of being coachable The value of mentors Learners are Earners To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com  For more information on our guest, please visit: https://www.cpicapital.ca/ Please Review and Subscribe

Real estate investing and business is a continuous learning experience. You have to understand what works for you and what doesn't. In this episode, Seti Gershberg and Jay Tenenbaum are joined by August Biniaz to discuss what is driving Canada's real estate market. August Biniaz is a real estate developer passionate about sharing his knowledge and helping others reach financial freedom. He is the co-founder of CPI Capital, where he enables investor partners to earn substantial returns by investing in multifamily properties in the hottest US markets. August discusses why Canadian investors invest in US real estate and not in their backyard. He also talks about how CPI Capital has built a thought leadership platform by cultivating and nurturing relationships with its investors.Love the show? Subscribe, rate, review, and share! https://www.remastermind.live/

We have not one—but two guests for you guys this week. Let's listen to the story of Ava Benesocky and August Biniaz of the Canada-based real estate investment firm, CPI Capital. Ava Benesocky and August Biniaz are the founders and CEOs of CPI Capital, a real estate investment company that focuses on helping both US and Canada-based investors find opportunities in the US multifamily market. With both having started as real estate agents, Ava and August put their skills, knowledge, and experience together to turn CPI Capital into what it is today. In this episode, we get the low-down on how Ava and August built CPI Capital, as well as how they gained interest in the US market in the first place. They also talk about how they chose the right corporate structure in Canada vs. the US, with each having its unique pros and cons. Ava and August also talk about the challenges that they have encountered in the business, including—surprisingly—having too-high returns. And since CPI Capital is a young company, the two CEOs also let us in on their future plans to scale. If you are in Canada or in another part of the world and are interested in investing in the US market, this episode can give you valuable insights on what it's like being a foreign investor. KEY TAKEAWAYS 1. Some Canadian investors can qualify for certain US tax benefits, depending on their investment plans. 2. In the private equity space, the general partner's compensation is relative to their performance and the asset's performance. 3. When the real estate industry is not ideal in your country, it may be time to invest in a foreign land. 4. Currently, the US can be regarded as the country with the highest yield in the West. LINKS https://www.cpicapital.ca/ https://www.linkedin.com/in/august-biniaz-23291460 https://www.linkedin.com/in/avabenesocky-cpi-capital/ https://reedgoossens.com/ "Want to invest in my deals? - Click Here to Find out More!" and link to my website: https://reedgoossens.com/invest-with-reed/

Introducing August Biniaz, Founder and Director of Canadian Passive Income and Ava Benesocky, a Co-Chief Executive Officer at CPI Capital on my 7 Figure Real Estate Podcast. Biniaz is a real estate investment professional with a passion for sharing his knowledge and helping others reach their financial goals. He is the co-founder of Canadian Passive Investing, where he enables clients to earn substantial returns by investing in multifamily properties in the hottest US markets. He educates his investor partners about Apartment Syndication Investing through Canadian Passive Investing (CPI) Academy platform, Webinars, MeetUp Groups, and One on One Coaching. August brings to CPI a breadth of experience and knowledge with over 15 years in real estate, business and investing. August's real estate journey began as an agent in British Columbia, where he focused on local market trends and understanding his client base in order to better meet their needs. At this time, August was also flipping properties at significant margins. After numerous projects, August realized his interest in the construction industry and started his own development company, where he built custom homes. August continued to expand on scouting opportunities to partner with associates to develop land. August knew his passion was not only in building but in creating wealth for his network and in identifying undervalued real estate opportunities, which launched his enterprise into syndicated multifamily investments. Honor, integrity, and knowledge are fundamentals Ava uses when dealing with Investors. With almost a decade of experience in real estate, Ava brings a wealth of knowledge and experience to CPI. Ava started her real estate career nine years ago in Alberta. Daughter of highly educated accountant parents she was taught the quality of hard work from a young age. Ava was able to become one of the youngest award winning top agents at REMAX. Two years ago, Ava relocated to Vancouver. Building strong community connections, networking with Real Estate Professionals and constantly pursuing knowledge in the real estate field has given Ava the experience needed to succeed. Ava's greatest asset is her ability to cultivate long lasting, trusting relationships with clients and investors. Putting people before profits is a model that has helped Ava be successful and appreciated. To learn more about August & Ava, listen to the full interview.

Finding investors is one of the key factors in running successful multifamily syndication. One way you can increase your chances of finding them is by opening your doors to foreign investors. And sometimes, you do not need to look far as there are a lot of interested investors in our neighboring country, Canada.In this episode, we pick the brains of August Biniaz and Ava Benesocky, founders of CPI Capital. August and Ava have been Canadian real estate professionals who fell in love with the apartment syndication concept and developed a compliant and tax-efficient process for Canadians to invest in US multifamily syndications. Tune in now and learn how you can welcome Canadian investors into your business with ease!

CPI Capital has developed a reliable system for investing in multi-family properties in strategic markets across the United States. Our offer to our valued Investment Partners is an opportunity to invest in income generating properties with considerable value-add prospects. With decades of real estate experience and over $100M in real estate transactions, our team understands the time and effort required to create generational wealth through real estate. Transcript: Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper 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. Alrighty. Hope everybody is doing well. My name's Jess for galley. And this week I thought we would do something a little bit different. I was a guest on a show called CPI capital a little bit about my background in real estate from student rentals to assignments, condos multi-family and brokerage.    If you find that at all. Interesting, I think you're going to like this episode, I think we touched on a number of things and they had some great questions. Some of them admittedly completely caught me off guard, but anyways, I hope you enjoyed this episode and we'll see, on the other side,    Ava (59s): Everyone, welcome to the Canadian passive investing show. I'm your host, Ava bene Saki, and I'm joined by my cohost August. Muniez we have another great show for you today, please, please like, and subscribe as it helps us build our channel and allows us to keep bringing you great content and expert guest speakers. Our mission here at CPI is to empower investors, to create financial and time freedom through passive real estate investing. And today we are joined by Jesse for galley.    Got it. Welcome Jesse. Welcome Jesse.    Jesse (1m 34s): Hey everybody. How's it going    Ava (1m 37s): Now? Jesse, Jesse is a commercial real estate broker and investor that started with student rental properties at the age of 19 as his passion for investing grew. He started investing in single family homes and condos. Then he transitioned into multi-family apartments. So today he focuses on operating and raising capital for commercial real estate. So we believe Jesse is going to bring immense value to our audience to make strategic investments in real estate. So Jesse, let's just jump right into things.  If you could start off by telling our viewers a little bit about your background and your involvement with real estate investments, please.  Jesse (2m 13s): Yeah, no problem. And I'll, I'll try to hit that high bar there for you guys. I got started in real estate in college or university bought my first rental property, went to a university in Waterloo. It's about an hour and a half west of Toronto. You know, if there are us listeners, it's kind of Canada's Silicon valley. So a lot of good entrepreneurial spirit out there. And yeah, my first investment property was, was wa wa was Walla, was in school. I saw that I was living with a friend that his father and him went in together on the property that I was actually living with.  So w I saw myself and friends of mine paying rent to another friend and started to realize that it was a great area to invest. And I kind of had a, somewhat of a background in that. My father who's also extremely entrepreneurial and my mom was well, they had a family friend that had a number of single family investment properties. So at a really young age, I'd always ask, you know, what does Mikey do? He doesn't have a job. What is, what exactly does he do? And that kind of got ingrained to me really young, so long story short.  That's how I got into it. This is probably now I was 19, 20 years old. So we're talking about oh 8 0 9. So you don't think of oh 8 0 9 as when you're going through it as a significant time. But looking back, obviously we know now it was a, it was a pretty historic time for the economy and yeah, I mean, going back that far, what I was doing was reading Canadian real estate magazine. If you guys remember that magazine, you know, bigger pockets I think was in its infancy, there wasn't resources, there weren't resources everywhere.  And yeah, that, that was my first, first property was a $250,000 student rental property with five female tenants that I pretended were a lot younger than me, but I really was, was young and trying to try to figure it out.  August(4m 8s): Great. Yeah. I guess timing, timing is always important rate too. You know, they say luck, isn't it. Mathematical equation is when timing meets opportunity. So you jumped on it. That's great. And also, also another item is here in Canada. I mean, a lot of information and content comes over from the, from the U S where you could buy a home in Texas or Arizona or Florida for 300,000 or 250,000. And you can rent it for around $2,000 a month. So you're, you're already cash flowing from the day one, but in, in here in Canada, especially in the larger cities, Vancouver and Toronto, their rent to value ratios are very low.  So that, and the kind of also the entry level to, to get into a single family home is very difficult as well. So talk to us about, you know, early on in your career as a, you know, as you were starting in real estate investing, how did you overcome that particular hurdle to, you know, with the, with the high mark of, you know, the high bar of entry with the low rent to value ratios and also the rigid mortgage laws, our mortgage laws are much more difficult than the U S so  Jesse (5m 8s): Go over there. Yeah, it's funny. I just jumped off my podcast with a, a mortgage commercial and residential mortgage broker. And we were talking about some of the differences with Canada and the U S and, you know, we have the portability of mortgages talk to an American foreign concept for them a 30 year fixed rate. They have that foreign concept to us. So a hundred percent to your point about Toronto Vancouver, I think, you know, I say those things together in every sentence on my podcasts that we're talking about expensive markets at that time, the property, I know what just offhand, because you always remember your first property, the gross rent was approximately 2,400, so $250,000, 2,400 in gross rent.  So, you know, if you go use a 50% rule as your expense ratio, pretty decent property, if you found those types of numbers today, especially our markets you'd jump on them. So it was still relatively affordable in certain markets outside of the, like the, the downtown cores, but yeah, a hundred percent, it was something where you really had to go look for value, adds student rentals still to this day. You know, the valuations are a little bit different. Cap rates are a little bit higher.  You can, you can find those deals, but they're becoming harder and harder to find. So, you know, whether you're in New York, you're in San Francisco, you're in Vancouver, Toronto, you really need to think outside the box. You start, you need to start looking at, you know, the 18 hour cities or the cities towns hour or two hours may be more outside of your general area. But I was lucky at the time. Well, you know, nine, there were still a bunch of deals that were still in our Canadian market. And to your second point about the mortgages, I think at the time I was in the five and a half fixed percent range.  And back then, if you guys remember 5% down was still pretty doable, five, 10% down. Now, when it came to student rentals, there was only a few banks that would lend on those. So that's where you had to start, you know, getting more creative with the financing. But at the time I think it was five or 10% down. I went to my dad and asked, so I had a little bit of cash because I worked summers. I said, listen, this is an awesome investment. Do you want to, do you want to sign on this line of credit so that I can, I could purchase it, gave him the numbers.  He said, absolutely not. You know, my, my parents were divorced. So what is, what does a kid do? He goes to his mom and says, dad's not signing this. So for me, that's, that's kind of how I got my first start. And I always tell this story because I feel like people, you know, when they talk about how they got started, you, you it's always fuzzy. How did the money happen? And I just like to say that everybody you go to the resources you have. I, you know, I didn't, don't come from a very wealthy family, but they gave me every opportunity, you know, family, predominantly immigrants, very entrepreneurial.  But what that allowed me to do was she signed on the guarantee for the, for the line of credit, which added to my down payment, which allowed me to get the space. And then when the second one came around, because I continued to invest in student rentals, then I had, you know, I had a case that the next one, when I partnered on one of them with my father, or I could say, Hey, this is, this is how the business has been doing for the last year and a half or two years. So yeah, that's, that's kind of the background and  August (8m 32s): You build that track record and you were lucky enough to have parents who helped one of your parents. And he was like, finished school, finished school, then we'll dock. There you go. And you were, you were 19 years old. So yeah, I was,  Jesse(8m 48s): Yeah, just turning, just turning 20. Like I, when I put the co the offer in, I was 19, when it finally closed, I was 20.  August (8m 57s): Great, great. And if you could expand on, when you talk about student housing, is that the building or the unit or the home is zone for student housing that you can rent it on for two regular tenants kind of idea.  Jesse (9m 9s): Yeah. So it's a good question because it used to be anything that a student occupies and then what started happening in a lot of cities in the states, and in Canada, you would have either municipalities or cities mandate that you have a student license, you know, we're all big fans of the government. And it was basically, you know, a, a tax that you had to pay to have it licensed. Now, I'm not saying that there isn't good logic for it. There would be, you know, fire code, additional things you would have to do to meet that standard.  But it was also kind of like a, you know, a, a taxi medallion system where, you know, they only would, in, in this particular case, they would only give so many of the moats. So yeah, that, that's how they were kind of categorized in Waterloo. And I know another areas in Ottawa, we have, I still have a couple student rental properties where we're towns are, are kind of talking about implementing that type of thing, but not all towns do. And yeah, so that, that's how it, you know, they'd be categorized as student rentals, some were above board and some people were doing just, you know, without the license.  August (10m 13s): Got it. That makes sense. Just getting back to your point, as far as making strategic investments, and you have to find the kind of diamonds in the rough for it to make sense here in Canada, in Vancouver and Toronto, there are deals, but they're, they're, you know, hard to come by. It's not a scalable business model. It's not somebody, you know, in the U S somebody living in Texas making a hundred thousand dollars a year and they can buy a home for 300,000 and they'd be cash flowing from day one. And, you know, if they do some small renovation and even keep the property, they can, they can, then in a few years, just repeat the same process, buy another property and continue to grow their portfolio.  It's very difficult business model to, to do here. And especially doing a part time, having a, you know, a, a, you know, a job or a profession, and then doing real estate on the, on the, on, on a part-time basis to then find those deals, to be able to be an active investor. So that's an great conversation here.  Ava (11m 6s): So we've, we've we, we learned about what started you in single family. Now, I'm, I'm curious what made you fall in love with multifamily? And when did you kind of start getting into multiple  August (11m 16s): Fell in love with it? Maybe he just likes we're  Jesse (11m 19s): We're we're madly in love. Well,  Jesse (11m 22s): What happened was w so I finished university over that time period. I, I purchased, I believe it was for single family. So these, but these were kind of spread out there. One was in Oshawa. So if you know, Ontario Schwann, Waterloo, they're complete opposite ends of Toronto. And what happened started happening is, and I'm sure you guys were aware of Vancouver was similar where pre-construction condos became a big thing, and this was 20 10, 20 11. I started to purchase those. And what, you know, a lot of people call wholesaling now, or just assigning the contracts.  I did a few times. So w what I did was I kind of kept going down the student rental path. I appreciated a decent amount on a lot of these properties, and then sold them pretty much, not all at the same time, but pretty strategically that I wanted to sell these and have a nest egg to move into the commercial space. It coincided with my job, actually moving from working with the job that I got right out of school to actually a friend of mine kept saying, listen, you'd love this real estate stuff.  You know, what are you doing in your current job? You should be in, in commercial real estate. And I finally got a job in commercial real estate for Avison young as a commercial broker. I happen to work in office leasing and investment sales, but it was kind of through that, where you start really opening your eyes to see what people are doing in different areas. You know, my partner, he also works for the company, but he also is an investor in the multi-family space. Multi-family I think the reason I gravitated towards that is it's just more accessible for the smaller investors that when they get their start, if you're going down retail office, industrial, you know, one, one or two tenants, you could really have large vacancy.  You need a lot of cash for 10 and allowances, tenant inducements. And then the other thing is in Canada. And I believe it's, it's similar in the states, whether it's Fannie Mae, Freddie Mac in the us, or it's CMHC in Canada, there, there are financing products that are more geared to apartments because it's still considered residential, even though it's five units and larger, which lender looks at that as commercial. So yeah. Accessibility for, for lending and yeah, that's, that's how I made the transition.  And we've, yeah, we've kind of focused now, just exclusively on building up the multi-family portfolio,  August(13m 44s): Right? So not only your focus as, as investing changed to multi-family commercial real estate, you, you actually switched your profession to also be involved in the commercial space as a broker. Funny enough, Ava and I were looking at a private equity firm and their principles, and just reading about their bio is, I mean, notice every one of the principals had commercial broker on the bottom of their title, even though some of them, one of them had a PhD, but he still had a commercial broker at the bottom  Jesse (14m 10s): Of their bio. It's funny, it's funny. They there's a lot of people in our industry and NAIOP is a great organization. If you're interested, especially in Canada, in commercial real estate or north America, that's, it covers all areas. But so many of the people that have started their own firms that are CEOs of brokerages or workflow, you know, workplace strategy, it's funny how further back in their career. A lot of times they were brokers or, you know, leasing specialists and really seeing real estate from the ground up.  And I think it's a good foundation as investors, or if you want to have a career in real estate. Yeah,  Ava (14m 48s): Definitely. Great. You got your license. I had my license.  Speaker 3 (14m 52s): Yeah. I couldn't wait to get rid of mine for 10 years.  August(14m 59s): So now I want to talk to you about, let me see, I had a question here for you. Oh yeah. I want to talk to you about, you know, we, we w w w in our research, we are in the space we're in, in Canada and in the real estate of real estate, private equity and, and especially thought leaders in this space who put out content, obviously you came up or you came on on our list. I mean, notice that you are a thought leader in this space. Talk to us about your connection with a bigger pockets and how that came about. Especially one of my biggest complaints with bigger pockets is that most of their content and information is, is a director is for Americans.  And a lot of people do read that information. And now have I have wrong information or information that doesn't make sense. They, they believe that 10 31 exchange exists here in Canada, or that they could, you know, part-time be real estate investors and have 20 single family homes or, or, or other also other compliance verbiage that's that's used in the us, which that doesn't mean the same thing on this at our border, and means something totally different. Something like an offering memorandum is a document provided by a broker to someone looking to purchase a commercial real estate, or an offering memorandum here in Canada is a, is a legal document as security emerges exemption that's used.  And it's a legal document. So talk to us about your connection with bigger pockets and how they came about, and what do you currently do with that group?  Jesse (16m 24s): Yeah, for sure. I think it started from, well, I was on the podcast, the BiggerPockets podcast as a guest years ago. I think that was what started the relationship. I, I really, I don't remember exactly how that relationship started, but it did then. And what it ended up happening is we, we continued communication. Obviously I used a bigger pockets as a resource. And just as a side note for Canadians that are on bigger pockets, even if you have a free account, you can go and put a keyword alerts.  And almost always, I have one keyword alert that is Canada Canadian, us Canada. So like you do get chats that are started specifically about CA Canadian investments. You're going to be pulled into those, into those strings, which, or forums, which is great the way I started doing videos for them. I think Brandon and I, we were talking, or I, I had reached out to him a little while after the podcast. And I had said, you don't, you guys don't seem to have a lot of commercial content, whether that's, you know, industrial retail office, larger apartment buildings, it seems to be focused primarily on single family and, and apartments.    And I said, what if would you guys be open to me doing videos? And he's like, I guess at the time, they're like, yeah, absolutely. It's, we're, we're missing that piece. So yeah, for a couple of years, I was doing videos on a commercial commercial real estate. That's commercial loans, private equity. You're absolutely right though. When you say that, you know, there's that us Canadian gap and a hundred percent it's, you know, you have American her Canadians thinking that they should buy us real estate and put it in an LLC. Okay.  Canada, that doesn't recognize an LLC. You know, you have a certain things, like you're saying what the offering memorandum, you keep hearing, they're raising money for 5 0 6 C offerings that doesn't exist here. So there's all these little intricacies that we need to focus on that when we, when we hear about this type of investment in the states, really need to figure out what that equivalent is up here. And that's what I think we were trying to do to a certain extent there. But like I said, ultimately, as a Canadian, there's definitely Canadians on the, on the forums there, you just kind of have to have to search for it.  But yeah, it's a, it's a really good point.  August (18m 40s): Great, awesome. Talk to us a bit also about your, your own platform. So aside from working with bigger pockets, I believe you have your own YouTube show and podcasts. Talk to us about that in the process and how you came about, you know, starting your show and how it was, how is it going? Yeah,  Jesse(18m 58s): No, it's going great. It's, it's a lot more work as you guys know, then, then, you know, you really realize when you go in, I was just a friend of mine just sent me a stat or a couple stats about podcasts. And it was, I can't remember exactly, but, you know, you know, something like 3% of people go pass episode three, you know, 50%, you know, whatever it is, it's just the consistency. I'm definitely more active on working capital. That's my podcasts. It's working capital, the real estate podcasts. You can get that anywhere, iTunes, Spotify, and the YouTube channel.    I just started putting out like a lot of people, the questions you get asked again, and again, and again, a lot of times it's just easier to make a video, send it out and say, you know, this, this answers it. I think that being on the bigger pockets, realizing that, you know, like when you go on their channel, it's like all of a sudden you have, you know, 70,000 views on something and you can't manage comments like that. So I think for me, it was just like, I didn't realize there was that many people out there that wanted this content. So I try to put stuff up on YouTube as, as much as I can, but really the focus for, for myself is more on the podcast side.    And then through there, you know, people can reach out to me, you know, hear me on the show. And if it's about investing in the future, investing in other investments that we're doing that we're raising capital for. That's where I would say the platform is, but it hasn't been formalized in, in a way where, you know, it's, it's my day job and that's, what's challenging about it. Right. You're, I'm still in brokerage and I don't think I'll ever leave brokerage completely, but yeah, that's, that's kind of where I'm at right now.    August (20m 35s): Yeah. Being a broker is like, you know, the bat, the bat sign put up in the sky when they call it comes in. You've got to go. So yeah, it's definitely a full-time    Speaker 3 (20m 44s): Gig. Yeah. Great.    August (20m 46s): Just to touch on podcast a bit more, what is the podcast mission statement? So what, what problem are you solving? What message are you getting across and what is the kind of the, the final call to action or, you know, the, the, the benefits it has not only for obviously your, your listeners, but also for yourself.    Jesse (21m 4s): Yeah. What I wanted to do is have an educational, real estate investing podcast that where we have guests on, we have them from a range of backgrounds all centered around real estate. So, you know, whether that's a cross border lawyer, whether that's a mortgage broker, whether that's talking to people that are investing in self storage, I wanted to get kind of a round picture of what real estate is and the different niches, or as my podcast guests say, if they're American niches, that drives me crazy, but the different niches in our industry. And through that, I'm what I hope to do too, is when I have people on the show and you touched on it earlier as a Canadian, even though half of the listeners are American, I try every time I can, where somebody is like, well, an FHA loan, and then, okay, well, let's just clarify from the Canadian point of view, it's this.    Or, you know, if they say something like a 30 year fixed mortgage at 3%, and I say, well, in Canada, you can do a CMHC mortgage at 1.6. They're like, that's crazy you at 1.6, because a lot of times you hear, they don't believe that our cap rates are 2.9, 3% in some areas like you're in Vancouver and guarantee some of those office buildings are sub three and they're like, well, our loans are three. It's like, no, no, no, no. Your loans are three. Are our loans are not even though it's still crazy low. So there's only all these little like variation.    So just a long, long winded way to say. What I try to do with the podcast is try to be a north American podcast where I can have Canadians and, and Americans listen to the show and, and feel that they're both getting talked to.    August(22m 36s): Great. Great. So now let's switch the conversation here. Emma has a few questions for you, but let's switch the conversation back to being a real estate investor. As we all know, eventually your real estate investors run out of their own money because they've already deployed it. Or they're looking for bigger projects and a time comes to raise private equity. Where are you at in your, in, in your business currently, are you at that stage that you're, you're raising capital and, and talk to us how that all came about and we can go from there.    Jesse (23m 6s): Yeah. So this year, or I guess the end of last year starting of this year is when I first started to raise capital for real estate. It's, it's kind of a scary thing, which I think is a good thing. If, if you are a fiduciary to somebody else and you're managing somebody else's money, I think you should party. You should be a little scared. I think that's natural that you should have a fear of making sure that you're, you're doing the right thing for your investors. So that coincided with a lot of the podcasts I listened to.    And again, the guests that I've had on my show where, you know, you get connected to masterminds where they are teaching, raising capital or fund to fund model, stuff like that. And again, it kind of goes back to your point of the offering memorandum where like, you know, we sometimes call it an information memorandum. That's more of a brokerage thing than I think a us thing. But yeah, the offering memorandum in Canada, you're, you're talking about legal documents. And the reason I bring that up is the mastermind that I was in was a us centric mastermind for raising capital.    So even there it's like, unless you're investing in the U S it's really challenging to justify what you're spending on that, a mastermind, depending on the cost. But anyways, that got me into the mindset of it, like buying your first property, once you do it once you're like, oh, that I can, I can do that. And that's really what it, what it was for us. Once we started raising capital. So this was the first investment raised a million and a half of equity.    So it's not a huge amount, but it was the first time we ever raised capital it, me and my partner. And, you know, the thing is, there's just, you go through these different cycles while you're raising up. Are we going to have enough? Okay, we're good. No, I don't think we're good. And then it got to the point where we're like, you know what, after it's all said and done, you have subscription agreement signed. You're like, I think if, if I was forced to, I think I could do three, I think it could do five. And I think that's the natural progression when you get used to something and you see that it's, it's achievable.    That's    Ava (25m 10s): Fantastic. And Jesse, I'm curious, what structure do you use to raise private capital?    Jesse (25m 15s): So we do a pretty standard limited partnership agreement. So general partner, limited partner with the caveat of having a asset management company, as part of basically the administration that kind of handles everything. So for those that don't know the, you know, the limited partners are all your investors. They have limited liability. This is not legal advice, but they have limited liability in these investments. The general partner in Canada partnership can not own a real asset that they can't own a property.    So you need to have sometimes a numbered company or a GP. The general partner as a corporation oftentimes owns the property has title, but the limited partner has a beneficial ownership of the property. And then from there, Ava, we do a very simple split where, you know, you have a certain threshold of preferred return that goes to your limited partners. So return of capital first, a preference turn of a certain percentage. Then after that a profit split between the general partners and the, and the limited partners, okay.    August (26m 22s): Maybe you can kind of talk to us more about the deal that you had. So for example, here at CPI, our business model is the multifamily value add and because of their, their higher rental value value ratios that exist in the us on a 70, 30 LTV, you know, we're, we're able to, from the rents we collect, we're able to pay our mortgage payment, pay taxes and fees, third-party property manager, and still have a surplus to pay our investors. Those preferred returns you talk of from day one, because the deals we look at are usually 90% occupied.    So they're, they're well above the mark. So now, how do you go about your deals? Are, are, are your deals ground up development? Is it a value add project? Is it kind of A-class talk to us or what kind of deals you guys work on and how are you able to, is there a return given to investors from day one or is there a kind of a capital event where the project has to go through a certain steps before there is any kind of cashflow coming back to the investor?    Jesse (27m 21s): Yeah. So for us, I'm constantly looking for off market deals, you know, as a broker, you know, first thing we think is we're not bidding on deals. So for me, I was actually land registry looking for properties off market calling, Hey, Jesse, for galley. Listen, I want to put an offer in, on your property when you consider one. So what D constantly outreaching for off market deals happen to find an off market deal? A gentleman owned the property for a number of years. I think it was kind of retirement time for them there. They were, you know, ready to sell.    So for me, this just happened to be a class deal. I wasn't searching for an A-class deal, but it was in probably one of the most expensive areas in Canada, in forest hill and Toronto. It just so happened that when we took a look at these rents, we were, we just saw that it was probably at 60% of what market is. So initially when we went into it, we, what we were going to do. And a lot of our clients do this, where they do what they call condo finishes two older apartments.    So you're putting a dishwasher in the apartment in suite laundry and what our initial thoughts were, were to go in, do $75,000 per unit, really higher end upgrades to achieve higher end rents. Now COVID happens. And all of a sudden, Y you know, you have to be careful about trying to just do a class when the market, you know, might not be able to sustain it. So, for us, what we did was we kind of pivoted and decided to do, you know, instead of a $75,000 upgrade, maybe a 40, 45 more conservative rents, and then kind of, you know, turn over three, four suites within a shorter time period.    So the structure of the deal ultimately was it wasn't, it wasn't a vanilla deal. It was a bridge loan for two years, stabilize the asset, do the renovations, renovate the L renovate a lease at these higher rates, then switch to a conventional, or, you know, CMHC loan switch to the L to that loan once you've achieved that rent. So that, that basically the mortgage takeout takes out your bridge loan. And now you have a stabilized income.    And to answer your last question, in terms of the capital event, this, this deal would be like a development deal. And if anybody has seen, you know, limited partnership agreements, when it comes to the development deals, you get your preferred return. And just as an aside, the preferred is not a guaranteed return. It's a preferred return. And absolutely you try to achieve that, but in a development deal, you know, there's no income. So what happens is that say 7% preferred return a cruise. So your one seven year, two 14, you know, some people compound it.    We don't, it's just simple accrual. And then when there is a capital event, say the refinance, then we decide then do we pay investors all back their initial cash, keep them in the deal, or do we sell a property? Has it gained enough that, you know, it looks appealing to sell and pivot or, or buy another asset so that, yeah, we, we, looking back, I would have had a lot, a lot less stress if we picked a more vanilla investment, but that's, that's what we, what we got our hands on.    August (30m 33s): Great. Oh, how many units was this project?    Jesse(30m 35s): So this one was, this one was seven units, but for anybody that's not in a major market, we're talking about 500,000 plus a unit th the, some that have sold on the street or 700,000 a unit. So this is not, you know, you're not in Boise, Idaho, the first investment, sorry, apartment building we bought was actually west of Toronto and Hamilton 11 unit. And it was a third of the price. So it's just a matter of, you can find expense, more expensive assets, but there definitely has to be a value play there because they're just too expensive to buy.    If they're, if they're already stabilized and at full rent.    Ava (31m 17s): Awesome. And the whole time, Jesse, what's the whole time that you guys were predicting    Jesse(31m 21s): For the, for this one that we're purchasing. So this one, what we have is that to your kind of timeframe, to do the renovations. And then for us, really, we talked to investors, the fund, the sort of the partnership is open for you no longer than that. But I personally, if, if things are where we think they will be in two years in terms of where we want to get the rents, I would love to refinance it, get everybody their capital back and stay in the deal together. And then down the road, because of where it's positioned with a lot of over a billion dollar of Provigil funds in transit.    I think we could add another story to it longer, you know, in the long run. So yeah, we have a few options, but I, the reason I bring that up is I hate seeing these investments where somebody says, like paying out their LPs and then buying them out. It's like, you're the reason they got this asset. You can pay them out and then they're not in the deal. Yeah.    Ava (32m 17s): Options are key. That's fantastic. Now maybe we can discuss your nurturing process for your investors as it's obviously a very important component of, of syndicated investments. So maybe you can please tell us how you nurture your investors and get that know like, and trust and keep that know like, and trust going.    Jesse (32m 36s): Yeah, for sure. I, I can't remember. It was actually a guy in the west end. I think Saskatoon, I had on my podcast and he said, this is very simple. He was, he's like, listen, go on your phone. If you scroll all the way down, if you have an iPhone and you're a contact scroll all the way down to the bottom, you'll see how many contacts you have. It's actually crazy when you're like, how did I accumulate, you know, whatever thousand 700, whatever contacts you can upload those to your computer as a spreadsheet. And you could run through those and really look at who's somebody that haven't had contact with that I could reach out to not to sell them anything.    But as a touch point saying, listen, you know, how are you doing? It's been a while, just a general email. So he had like a three-step, you know, general email, a discussion and just not being salesy. And eventually basically telling people, listen, like, you know what I do in real estate, these are the type of investments that I buy. If this is something that you'd be interested at all, when we have one of these under contract or we're purchasing one, let me know if you'd want, want me to share it? And if you don't just let me know as well.    And nine times out of 10 people don't say, no, they don't say like, no, no, don't tell me. And you know, you be somewhat strategic about the people that you're, you're reaching out to. And then I think what people really need to do, you're in so many more networks than you think you are for me. I did my masters at university of Toronto and just reaching out, literally getting the class list for my year and go and reaching out to all of them. Because, you know, if they, if they did that in school, they're probably, you know, doing something that, you know, might be a little bit different.    They they've made a career change maybe later in life. So you have access where I had access to a lot of people that were like, yeah, a hundred percent sign me up. And some of the people that are in the subscription that, that are LPs were from that. So, you know, I've had people on my podcast that were in law enforcement and they left the force and then they, you know, they had their first indication with 20 cops. So I think you got to look at the networks that you're in and, and don't be afraid to tell people what, they're, what you're doing. Like you, you, you two are doing here, you know, people know when they talked to you August and Ava, like yeah, they're, they're in real estate.    So I think being seen as is important, and I know it's not easy for everybody. We're not all extroverts, but it really is an important part. If you want to attract capital and, you know, that's the path you want to take.    August (34m 58s): Great. Awesome. And I'm sure your shows and your connection to a bigger pot pockets is also a great cultivation process for, for bringing awareness to you and, and investors to, to your services, but maybe briefly touch on your nurturing process when the investors do connect with you, if it's from your own list or from, from your marketing campaigns or from your thought leadership platform, as they come into your database, how do you keep in touch with them? Do you know if it's through newsletters or other content that you send to them? So eventually when you do have a deal, because as, as us being in the syndication business, we're not a fund, we're not continuously buying assets and continuously raising capital, we look for a great deals and then we present it to our investors, to, to us very briefly about your nurturing process when for your leads or your contacts.    Yeah,    Jesse (35m 43s): Absolutely. I think for me, part of it is, you know, when you go to working capital podcasts.com and people will subscribe to the podcast, that'll be part of, you know, me reaching out to people and connecting and nurturing through there when it comes to people that I've, I've reached out to that say, didn't sign up for the last syndication, just touch points with them, whether, you know, constant contact or MailChimp keeping kind of abreast of keeping them abreast of what you're doing. And really, I haven't, I haven't formalized it in like to a T for me, it's just been, you know, the list of people that I have that are in my database, on, you know, through my website where we capture all the emails through the, the list that I have when I reach out to people.    And yeah, it's, it's really, it's really like that right now. If we move to something more formalized as we, as we continue, you know, maybe that, that will be the path. Ideally, I'd like to get to a point where we're going to have committed capital rather than syndication where you're chasing the deal, chasing the clock, whereas where you can call capital and you have the fun there. Yes,    Ava (36m 47s): It's cool. Cause you probably have a long list of people who are watching you on the sideline watching you kind of do your first deal and then your next one. And eventually a lot of syndicators say five years down the road, they've been watching us and boom, they just gave me $2 million. Well, I had a buddy    Jesse (37m 0s): Of mine and like really good buddy that I did, that it was in my MBA and he's like, he opted out of the deal and he was just, you know, you know, you get a guy constantly asking you questions like, and then he's like, ah, so, so did that happen? I'm like, yeah, it happened. And he's like, oh, okay. I'll like, I'll, I'll go on the next one. I'm like I told you, man. So yeah. I mean, you just keep in touch and you know yeah, yeah. And it seems    August (37m 20s): Your process is much more up close and personal and hands-on, that's always the best way to go about when companies get bigger. You never even get the CEO on a call with your cases is very kind of up close and personal and that's great. That's great. Awesome. All right.    Ava (37m 33s): Now, Jesse, let's time to have some fun. We're going to start the next segment of our show. So we like to call this the 10 championship rounds to financial freedom. So please just tell us the first thing that comes to your mind and I'm going to get started.    Speaker 3 (37m 51s): All right. I am. I'm set. All    Ava (37m 53s): Right. So who was the most influential person in your life?    August (37m 59s): Cool.    Jesse (38m 1s): Oh, I'm going to get one of the mad probably my father.    August (38m 4s): He didn't give you that money, man. He's, you're attracted to the hard to get.    Ava (38m 11s): What is the number one book you recommend?    Jesse (38m 14s): Oh man. So many, but all I just say, start with no gym camp. Okay.    Ava (38m 20s): If you had the opportunity to travel back in time, what advice would you give your younger self start    Jesse (38m 29s): Early start, start right away. You    August (38m 31s): Started in 19.    Jesse (38m 33s): I think just in general with other things like anything in life that you go, I'll do this. Oftentimes you don't do so. Just, just jump in. If, if you know you, you will, you will regret not doing it. You know, that'll    August (38m 45s): Be the heavier regret when totally    Ava (38m 49s): All right. What, what's the best investment you've ever made    Jesse (38m 55s): In my education.    Ava (38m 57s): What's the worst investment you've ever made. Let me think your    Jesse (39m 5s): Worst investment I've ever made. One, one student rental property. It's tough to call them the worst because you learn from those. But very, a lot of, a lot of mistakes made on that, that, you know, took, took a while to, to, you know, fix and yeah.    Ava (39m 21s): All right. How much would you need in the bank to retire today? What's your number?    Jesse (39m 28s): Nothing. I, I love being active and working and I don't, I don't find what I do, you know, a job job. So    Ava (39m 38s): If you could have dinner with someone dead or alive, who would it be?    Jesse (39m 43s): Well, dad's more fun and morbid. Probably Milton Friedman. I've the economist. I've, I've always found his, his writing's really good capitalism, freed and freedom free to choose. Yeah.    Ava (39m 56s): Awesome. If you weren't doing what you're doing today, what would you be doing now?    Jesse (40m 1s): That's a good question. Probably law. Okay.    Ava (40m 6s): Book smarts or street smarts.    Jesse (40m 12s): After all my education, I always still say street smarts.    Ava (40m 17s): Okay. If you had a million dollars cash and you had to make one investment today, what would it be? I would put it    Jesse (40m 27s): In a fund as the GPS Capitol to show our skin in the game and you know, whatever we can multiply off that with, with investors. Awesome.    Ava (40m 38s): That's a great answer. Awesome. That's great. Those    Jesse (40m 41s): Are so yeah, you don't get asked those every day. Yeah. There    Ava (40m 44s): You go. Kind of puts you on the spot and it's fun footings, you know, first thing that comes to mind occasional    August (40m 50s): As well, right? It helps others kind of think about these questions and kind of helps them with the process. Hey Jay, Jesse, we really appreciate your time. Thank you for thinking. We know you're super busy. We really appreciate taking the time coming and speaking to us, definitely add a lot of value to our viewers and eventually our listeners listeners when we change this show to a podcast and,    Ava (41m 9s): And yeah, Jesse, if you just want to take a quick moment to tell everybody what, the best way that they can reach you, please.    Jesse (41m 15s): Yeah, for sure. I mean, aside from a Google search, Jesse, for galley working, working capital podcast.com, you can go there if you want to subscribe to, to get the show or Spotify, iTunes and yeah. Reach out to me there I'm as a broker, I'm not hard to find. So that's yeah.    Ava (41m 35s): Johnson, Jesse. Thanks a lot for coming today. Thanks so much.    Jesse (41m 47s): Thank you so much for listening to working capital the real estate podcast. I'm your host, Jesse, for galley. If you liked the episode, head on to iTunes and leave us a five star review and share on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one. Take care. 

Our guests for today are the Founder and Co-Cheif Executive Officer of CPI Capital. CPI identifies multifamily value-add opportunities that allow our investors to receive gains beyond organic asset appreciation. CPI provides busy professionals with direct access to tax-advantaged, passive income-generating assets, while our experienced team manages the properties. CPI offers opportunities through Canada’s first regulated digital securities trading platform.Our guests bring their expertise to the real estate by educating their investor partners about Apartment Syndication Investing through Canadian Passive Investing (CPI) Academy platform, Webinars, MeetUp Groups, and One on One Coaching.Let’s dive right in and learn from Ava Benesocky and August Biniaz how to be an international passive investor. [00:01 – 13:05] Opening Segment We introduce our guests, Ava Benesocky and August BiniazAva and August talk about their background and how they started CPI Capital[13:06 – 20:01]  Being Fiscally Incentivized With Skin In the GameAva and August talk about seeing the need and filling the voidLearning and growing systems Ava and August go over their passion for education[20:02 – 30:41]  How Do You Get The Average Joe To Google You?Ava and August talks about scaring people with high returnsHedging against inflation with a hard asset[30:42 – 39:02] How Am I Supposed To Invest In Real Estate?Ava's and August's bad investing adviseFinal thoughtsAva's and Augusts book recommendations:Best Ever Apartment Syndication BookThe Checklist ManifestoTweetable Quotes:“we've democratized real estate investing for the retail investors here in Canada. And how and how have we done that? We've opened the doors to this type of institutional assets for nonaccredited and accredited investors.” – Ava Benesocky“18-year-olds can start building their wealth. You don't like who's going to be an accredited investor when they're eighteen years old.” – Ava Benesocky“apartment syndication or real estate syndication, this concept of pooled capital to buy real estate upgraded and sell it.” – August Biniaz“You're creating jobs. You're building a better community for others. You're building your investor's wealth and you and you're creating jobs for people on both sides of the border in our situation.” – August BiniazConnect with Ava Benesocky and August Biniaz! See the links below:Go to their LinkedIn - August, LinkedIn - Ava, Facebook, and Instagram, pages to connect with Ava Benesocky and August Biniaz. Visit their Website and YouTube.

We always say that the United States of America is the Land of Opportunity. It offers a lot of opportunities even for non-US citizens. Ava Benesocky and August Biniaz from CPI Capital join us in this episode to share creative ways to invest in the US real estate space while you are living in Canada. They answer some common questions, including those related to double taxation. Their personal mission is to educate Canadians about passive investing, helping them create wealth through real estate. Tune in now and learn how to invest in the US from Canada![00:01 - 06:05] Opening SegmentThe challenges and opportunities they saw in real estate [06:06 - 15:32] Real Estate Investing in Canada and the US Ava and August walks us through the real estate investing in Canada How they decided to jump into the US real estate investing [15:33 - 26:00] Real Estate Education for Canadians The reality of investing in real estate in CanadaAva and August talks about their educational platform[26:01 - 36:11] Benefits of Real Estate Investing Don’t miss their personal projections about US real estate investingHow to avoid double-taxation according to August and AvaWhat next for Ava and August?[36:12 - 42:37] Closing SegmentListen to their advice to create wealth successfully Connect with Ava and August Links belowFinal words from us Tweetable Quotes: “Diversification is a great way to have your investment portfolio that’s helping you build your wealth…get your money working for you while you sleep.” - Ava Benesocky“I always wish health, wealth, and happiness on my loved ones and friends and associates. It all doesn’t matter if happiness is not there.” - August BiniazResources mentioned:Our previous episode with Dan Handford: 4,800+ Units in Syndication Deals and $275M Portfolio Value Maximizing Systems and PlatformsJeremy Roll------------------------------------------------------------------------------------------Get in touch with August on LinkedIn, Facebook, Twitter. Connect with Ava on LinkedIn. Learn why multifamily investing is a lucrative endeavor! Check out CPI Capital.Guest email: ava@cpicapital.ca & august@cpicapital.ca Are you a Canadian planning to invest in real estate? Check out the Canadian Passive Investing Academy!Invest in Ava’s next multifamily deal. Start hereInvest in August’s next multifamily deal. Start here.Subscribe to their newsletterConnect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.comSupport the show (https://www.buymeacoffee.com/5Talents)