August Biniaz started as a real estate agent, then built custom homes through his own development company. Then he realized something: home building has a ceiling. Private equity real estate doesn't. Today, as Co-Founder and CIO of CPI Capital, he's helped close more than $225 million in US multifamily acquisitions.
In this episode of MyFinJourney, Mustafa Ladha sits down with August to unpack why he left home building for real estate private equity, how Canadian investors access US multifamily deals (without ever dealing with the IRS), and his honest read on the Texas and Florida markets right now.
⏰ TIMESTAMPS:
00:30 — Who is August Biniaz
01:37 — Growing up in a real estate family (and Iran's hyperinflation)
04:53 — The one rule: watch your debt
07:44 — US vs. Canada: mortgages, lenders, and cap rates
11:38 — Should you rent or buy? August's honest take
17:48 — Why CPI invests in Texas and Florida
20:13 — How Canadians invest in US deals without IRS filings
23:33 — Using Canadian retirement accounts to invest in real estate
30:46 — The truth about DFW and San Antonio oversupply
34:08 — Why not Austin or Houston?
36:07 — The Tampa hurricane and the insurance lawsuit
39:19 — The Hormozi rule: 10-skill person in a 2-industry
44:08 — Why home building kept him small
45:30 — GP/LP economics: small money in, astronomical returns
47:18 — How to connect with August
What you'll learn:
→ Why private equity real estate scales where home building can't
→ How Canadians invest in US multifamily without double taxation
→ What cap rate expansion means for property values right now
→ The honest risks in DFW, San Antonio, Austin, and Tampa
→ How GP/LP deal structures actually pay
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🔗 Connect with August Biniaz:
LinkedIn: linkedin.com/in/augustbiniaz
🎙️ Subscribe to MyFinJourney→ https://www.youtube.com/@myfinjourney
Apple Podcasts → https://podcasts.apple.com/us/podcast
Spotify → https://open.spotify.com/show/5UmpEcn
🔗 FOLLOW Mustafa on LinkedIn: https://www.linkedin.com/in/mustafa-ladha/
Episode Chapters
00:30 Who is August Biniaz
01:37 Growing up in a real estate family
03:08 Iran, hyperinflation & why real estate is king there
04:53 The one rule: watch your debt
07:44 US vs. Canada: mortgages, lenders, cap rates
11:38 Rent or buy? August's honest take
15:05 When renting actually makes sense
17:48 Why CPI invests in Texas and Florida
20:13 How Canadians invest in US deals without the IRS
23:33 Using retirement accounts to invest in real estate
26:36 Debt, taxes & value-add vs. development deals
30:46 The truth about DFW & San Antonio oversupply
34:08 Why not Austin or Houston?
36:07 The Tampa hurricane & the insurance lawsuit
39:19 The Hormozi rule: 10-skill person, 2-industry
42:53 Custom homes vs. multifamily margins
44:08 "You'll never see the B-word in home building"
45:30 GP/LP economics explained
47:18 How to connect with August