Working Capital The Real Estate Podcast Jesse Fragale

Walter is an American  Austrian School economist and anarcho-capitalist theorist. He was the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the School of Business at Loyola University New Orleans and a senior fellow of the non-profit think-tank Ludwig von Mises Institute in Auburn, Alabama

In this episode, we talked about:

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

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

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


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


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


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


Walter (1m 22s): Brooklyn.


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


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


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


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

Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets.
Brian is the author of “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications” and is a frequent speaker at real estate investment forums and conferences across the country.

In this episode, we talked about:


Brian’s Bio & BackgroundAbout PraxisGetting DealsHow “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications” Book was BornInvestor’s Capital DeploymentDebt Fund2025 Outlook

Useful links:
https://praxcap.com/

In this episode, we talked about:

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

Kane Willmott is the Co-Founder and CEO of iQ Offices, a luxury coworking company with locations in Toronto, Vancouver, Ottawa and Montreal. Kane has over 20 years of entrepreneurial experience, assisting in the startup of multiple real estate brokerages as well as a public company listed on the Toronto Stock Exchange.
 
 In this episode, we talked about:
Kane’s Background & First Steps in Real EstateCo-Working Workspace EvolutionEnterprise Co-WorkingCo-Working vs Sublease/LeaseOffice Market OverviewResourcesUseful links:
https://www.iqoffices.com/
https://www.linkedin.com/in/kane-willmott/?originalSubdomain=ca

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


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


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


Kane (52s): Got it. Perfect.


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


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


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


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

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

Useful links:
https://www.chrispicciurro.com/
https://www.linkedin.com/in/picciurro/
https://www.facebook.com/YourRealEstateCPA/

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


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


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


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


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


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

Nick Hill is a host of the Canadian Real Estate Investor podcast. He’s a mortgage agent, Real Estate investor, and works in brokerage and lending services through their company, LandBank.In this episode, we talked about:

•⁠  ⁠Nick’s First Steps in Real Estate
•⁠  ⁠Canadian Real Estate Investor Podcast
•⁠  ⁠Specifics of the Canadian Real Estate Market
•⁠  ⁠Interest Rates Environment
•⁠  ⁠2024-2025 Opportunities for Real Estate Investors
•⁠  ⁠Resources


Useful links:
https://www.instagram.com/mybuddynick/?hl=en
https://www.linkedin.com/in/nick-hill-337a8762/?originalSubdomain=ca

Transcriptions:
Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica Galley And. on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. ladies and gentlemen, my name's Jessica Galley and you're listening to Working Capital. The Real. Estate Podcast. My guest today is Nick Hill, an investor real estate professional mortgage broker, and one of the hosts of the Canadian Real Estate Investor Podcast Nick.


How's it going?


Nick (39s): Very well, longtime listener. Honored to be, honored to be a, a guest. So yeah, happy to be here. Happy to, happy to chat. And man, the bio makes me sound pretty good, I guess. Eh,


Jesse (50s): It's not bad, eh, I don't know. Was it the, was it the mic or the content?


Nick (55s): Maybe the guy saying it. I'm not sure.


Jesse (58s): Oh, that's, you're too, you're too nice. So, Nick for, for those that don't know, maybe you could give a little bit of a, of a background for, for basically how you got into real estate, and we could talk a little bit more about kind of social media and, and the, the podcast that you guys have. But why don't we start with a little bit of a, a background on yourself?


Nick (1m 18s): Yeah, appreciate that. I don't know how far I'll go back here. I've, I've kind of always just been attracted to the entrepreneurial side of things. Started a lot of businesses, kind of my late teens, early twenties, originally wanted to be a lawyer. Started talking to lawyers when I was in university. I was watching a lot of suits at the time and realized that that was nothing like reality. So quickly. Finished up my degree, went into construction engineering management, which kind of put my career trajectory into the construction side of things.


So I worked on condos as a project coordinator. I worked at Sanofi Past, which is a big pharma company in, in north Toronto on the CapEx team. Did that for a few years and kind of wanted to get more in the business side of things. So I transferred out of the construction side of things, making a really good salary, and decided to get into commercial real estate where, you know, Jesse, there is no such thing as a salary.


So did that for, for a while as a junior associate at Ellington, which kind of little offshoot of of Collier, some of the top guys there, went and started their own shop. Did that for a while. Great experience, great exposure. Got into the business development world kind of within the tenant fit out space in, in commercial real estate. And from there, just kind of coasted along for, for several years when the pandemic hit, I actually just before the pandemic hit, I decided I was gonna finally dip my toes in and start trying to build my own personal real estate portfolio.


So started buying small cap residential properties, couple duplexes here and ther