Just starting out trying to be as well informed as I can be before diving into the marketplace.
I am a single 29 year old guy who would like to learn about buying multi family properties. I'm lucky enough to have a good job and currently a cheap rent. The ultimate goal is to purchase a multi family unit that I can live in and also maintain tenants.
Any suggestions on good (modern) books would be appreciated.
You'll find many of your questions can be answered searching this site. I'm not a multi family investor but I did come across a 'guru' that does a great job. Dave Lindahl is his name. He shares his experience with 'chunkers' and how he transitioned from single-family to multi-family. He started from nothing and now has an impressive portfolio. Off the top of my head I can't think of any books. I know it didn't answer your specific question but I hope it's a good kick off on your education. Welcome to BP.
Hi @Mike McSweeney Start listening to the Podcasts on here, there are several that interview investors that own multi-family properties and discuss how they got there and what books and education helped them along the way. Get on ITunes and scroll through the topics and see which ones pertain to multi-family properties. They have great info and are entertaining to listen to.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.
Consider checking out HUD homes for small multi's owner occupied gets first crack.
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over