Scaling Through Multifamily: Gary Mah on Cash Flow, Growth, and Apartment Investing

In this episode of the True North Success Podcast, Gary Mah shares his journey from casually owning a rental property in the early 2000s to becoming a full-time multifamily real estate investor focused on apartment buildings across Alberta and Saskatchewan.

Gary discusses how reading Rich Dad Poor Dad changed his perspective on investing and eventually led him to purchase his first apartment building in 2018. Since then, he and his partners have grown their portfolio to approximately 175 rental units.

Gary explains why multifamily investing became his preferred strategy, including the advantages of scale, stronger financing opportunities, and creating steady cash flow. He also shares how investing in stable secondary markets and agricultural communities has helped create reliable returns.

During the conversation, Gary walks through one of his favourite deals—a 42-unit building purchased for approximately $4.5 million that grew to nearly $6 million in value through operational improvements and optimization.

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