RG276 - How Canadians Can Access The US Real Estate Market – w/ Ava Benesocky and August Biniaz

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.