Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

311: Building a Wealth Creation Value-Add System with August Biniaz

In this episode, August Biniaz shares insights from his experience across development, underwriting, and capital formation. He breaks down how macro forces like insurance costs and housing supply influence deal-level decisions.

The conversation also explores how today’s market differs from past cycles, especially when it comes to builder behavior and risk management. August explains why lessons from 2008 are shaping more cautious strategies across the industry.

Finally, he dives into his personal evolution into larger deals, capital raising, and syndication, offering a candid look at the learning curve behind scaling responsibly.

In this episode, you will hear:

How rising insurance costs impact underwriting across multiple markets
Why merchant builders are avoiding oversupply after lessons from 2008
What it really takes to move into capital raising and syndication
How deal structure can create value beyond just investing capital

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