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From Fix-and-Flip to $225M: August Biniaz on Multifamily, BTR, and Cross-Border Capital - Episode 364
Real-estate operator August Biniaz (Co-Founder & CIO, CPI Capital) breaks down how he grew from agent and small developer to closing $225M+ in multifamily assets—plus the boutique advantages that win in today's market: cross-border investor structures, a mid-market acquisition lane ($20–$50M), and ruthless underwriting discipline (rent growth, exit caps, and debt selection). We cover value-add vs BTR, lessons from deals walked away from, and why talent, conservative debt, and 95% occupancy targets matter more than spreadsheets.
Highlights
The mid-market moat: Why 100–300 doors,
LP economics…
The skinny
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