Starting in commercial residential property

[Kevin Wolski]

Hi everybody,

I have been investing in multifamily housing (3-4 family homes) for the past 5 years, but I would like to graduate to the commercial residential space. Does anybody have any suggestions for how to get started?

I would love suggestions on books to read, websites to read, ways to source deals, or anything else that you think might be helpful.

Thanks,

Kevin

[Allyssa McCleery]

I agree with @Jorjio Hopkins that you will want to start with education. You should read Crushing It in Apartments and Commercial Real Estate and Multi-family Millions. You also want to be able to underwrite a deal from scratch and understand the cap rates in your area. A good idea would be to find a bigger pockets commercial broker in your area once you feel more informed about the process and then ask them for guidance about the nuances within your market such as ways to add value.