From Investor to Operator: Scaling Beyond Small Multifamily ft. Alex Pal Ep. 32

"The best deals in real estate are made. They're not found."What happens after you've bought your first duplex?In this episode of the BLD Financial Podcast, Josh Findlay and Ehren Laycock sit down with Alex Pal, founder of Pal Capital Group, to explore the evolution from small multifamily investing into capital raising, apartment syndications, property management, and building an integrated real estate investment business.From renovating his first Hamilton bungalow to acquiring apartment buildings across multiple provinces, Alex shares how his investment philosophy has evolved and why today's market may present some of the biggest opportunities for investors willing to think differently.The conversation explores the transition from investor to operator, why cash flow still matters more than appreciation, the power of vertical integration, raising capital at scale, and why solving bigger problems ultimately leads to building a stronger real estate business.Whether you're already investing in real estate or looking to scale beyond small multifamily, this episode offers practical insights into what it really takes to grow from buying properties to building a real estate company.What you'll learn:✅ Why the best real estate deals are made—not found✅ How Alex scaled from duplexes to apartment syndications✅ Why cash flow should come before appreciation✅ The advantages of vertically integrating your real estate business✅ How capital raising changes as you move into larger acquisitions✅ Why experienced investors are still finding opportunities in today's market✅ The mindset shift from investor to operator✅ How solving bigger problems leads to bigger opportunitiesAbout Alex PalAlex Pal is the Founder & CEO of Pal Capital Group, a real estate investment company specializing in acquisitions, renovations, property management, and investment partnerships.After discovering real estate investing as a teenager, Alex began by renovating single-family homes and duplexes before expanding into larger multifamily acquisitions, apartment syndications, and investments across multiple provinces. Today, he partners with investors to acquire, improve, and manage value-add real estate while building long-term investment partnerships through Pal Capital Group.Passionate about both Canadian and U.S. real estate, Alex is committed to helping investors navigate the opportunities and challenges of scaling a modern real estate business.Follow & Connect with Alex Pal:LinkedIn - https://www.linkedin.com/in/alex-pal-59ab8911/Instagram - https://www.instagram.com/alex_palcapitalgroup/Facebook - https://www.facebook.com/PalCapitalGroupYouTube - https://www.youtube.com/@palcapitalgroupWebsite - https://www.palcapitalgroup.com/Follow & Connect with Josh & Ehren:Instagram - https://www.instagram.com/bldfinancialFacebook - https://www.facebook.com/BLDfinancialYouTube -  https://www.youtube.com/@bldfinancialDLC National License: 12360