Episode
Real Estate Deal Flow to Close: What It Takes to Acquire Multifamily in Today's Market - August Biniaz
- Published
- Jan 13, 2026
- Duration seconds
- 2382
- Processing state
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- https://ampedsuccess.com
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Summary
In this episode of What's Your Deal? , Matt breaks down real estate through the lens of business acquisition with August Biniaz, Co-Founder and CIO of CPI Capital. This conversation goes beyond property investing and gets into what it really means to acquire, operate, and scale assets like a business . August shares how he evaluates deals, raises capital, structures deals, and manages risk—principles that directly mirror buying operating companies , not just real estate. TIMESTAMPS: 00:16 Meet August Biniaz + CPI Capital overview 01:55 From broker → fix & flips → becoming the GC 03:25 Homebuilding in Vancouver/Toronto and the desire to scale 04:05 Why August moved into private equity + the motivation behind CPI 05:25 Why CPI pivoted toward U.S. deals for Canadian investors 07:17 Funds vs. syndications: how the capital-raise process works 08:48 Why CPI likes multifamily: demand, rent-to-value ratios, and scale 13:12 CPI's strategy: multifamily value-add and "forced appreciation" 16:24 Build-to-rent (BTR): what it is and how CPI approaches it 19:55 Stabilization timelines and what "lease-up" really looks like 21:26 CPI's BTR approach: partnering locally + selling to investor buyers 22:10 Timelines: entitlements, permits, and project milestones 24:27 Structuring deals: SPVs, U.S. master fund + Canadian feeder fund 25:46 Tax complexity, investor psychology, and cross-border challenges 28:49 When deals fall apart—and why walking away can be the best move 31:33 2026 goals: deal flow challenges and where opportunity is forming 34:17 1031 exchanges: do exchange buyers impact CPI's acquisitions? 36:26 Who helped August most: his mother + early lessons on real estate Connect with August: https://www.linkedin.com/in/augustbiniaz/ https://www.instagram.com/augustbiniaz/ https://ww…