The 1% Rule is DEAD | The Real Estate Entrepreneurs Podcast w/ August Biniaz

Ricardo Rosales dives deep with August Biniaz on CPI Capital’s aggressive yet selective approach to acquiring 100+ door assets in the current tumultuous market. The debt cycle is wiping out operators who bought aggressively in 2021/2022—this is a masterclass on mitigating that risk and setting a strict buy box.

In this episode, we reveal:
Florida vs. Texas: The Tax Trap: Why the 1% Rule in multifamily doesn’t apply equally in Tampa vs. San Antonio, and how local property taxes (and coastal insurance) can wipe out your NOI.

The 15% Minimum Rule: CPI capital’s strict underwriting process that requires a minimum 15% average annualized return—and how they walk away from 99% of deals that don’t meet it.

Life & Business from the Ring: The boxing analogy that defines August’s approach to adversity and why accepting that you are responsible for your current position is the first step to scaling out of a crisis.

Are you an accidental landlord or a scaling operator? Learn the lessons of the Great Financial Crisis (GFC) and how they apply to the current market before your loan comes due.