Real Estate Deal Flow to Close: What It Takes to Acquire Multifamily in Today's Market - August Biniaz

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://www.facebook.com/soheil.biniaz https://x.com/CPI_Capital   https://www.youtube.com/@realestateinvestingdemystified         Follow Us on Social Media     Instagram: @AmpedSuccess     LinkedIn: Amped Success     Tiktok:  @Ampedsuccess     YouTube: @AmpedSuccess   📧 Contact Us:     Interested in sponsorship opportunities or being a guest on What's Your Deal? Email [email protected]