August Biniaz: Leaving a Profitable Business to Build a Real Estate Empire

🤝In this episode, we sit down with August Biniaz, founder of CPI Capital, to unpack his transition from building custom homes in Vancouver to raising capital for large-scale U.S. multifamily and development projects. He shares the internal battle behind leaving a profitable business, the resistance from family, and the burning desire to build something with no ceiling.

🏗️ We cover:
• The realities of raising capital in Canada (and why compliance matters more than most realize)
• Building a firm alongside his wife and the hard truths of mixing marriage with business
• The difference between value-add multifamily (15–20% target annualized) and development deals (25–30% target annualized — with higher risk)
• Why Sunbelt states like Texas and Florida continue attracting migration and capital
• What it actually takes to nurture investor relationships long-term