Multi-Family Investing for Beginners
What are some of the best resources (e.g., courses, books, etc.) for beginners to learn about multi-family investing?
@Jad Haddad I like to recommend, books, podcast's as that is what I have used thus far. All the BP Podcast's a great! As far as books go I really like rich dad poor dad to help drive home the concept of investing in real estate and then the book on Managing rental properties for the actually day to day of rentals. However, the best way in my opinion is to learn through trial and error. I would recommend starting with a House Hack to help get your baring's as a landlord and then expanding from there. Good luck with your investing!
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Real Estate Agent Massachusetts (#9578821) and New Hampshire (#077579)
- 603-703-3413
- http://jeremysnaultnhrealtor.com
I would go through and listen to the previous BP podcasts about multi family investing. A lot of the books will give you a good general sense of the strategy, and podcasts will allow an individual to show their creative spin on the strategy and how they found success.
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Real Estate Agent Ohio (#2021008169)
- 614-502-5316
- http://linktr.ee/joshjanus
- [email protected]
- Podcast Guest on Show #1
Jake and Gino also have a great podcast.
Books:
Wheelbarrow Profits
Best Ever Apartment Syndication Book
Lifetime Cashflow through Multifamily Properties
@Jad Haddad, there are a lot of paths to investing in real estate. Do you want to be an active or passive investor, residential or commercial, and numerous other possibilities. It depends on the time you have available, the money you have, your contacts in the business, your skills, etc. Reading and listening to podcasts will defeinitely help you decide which path you want to start out on.
@Adam Lacey has some good suggestions. I'd also suggest The Hands-Off Investor by Brian Burke, Investing in Income Properties by Ken Rosen, Multi-Family Millions by Dave Lindahl, and The Perfect Investment by Paul Moore. Podcasts include The Real Estate Syndication Show by Whitney Sewell, The Jake & Gino Show, Multifamily Investor Nation by Dan Handford, and Best Real Estate Investing Advice Ever by Joe Fairless.
In addition to books and podcasts, I'd recommend attending a couple of events to meet investors and learn from networking and presentations. Don't hesitate to ask any questions. Most of us are very glad to help new investors get on the right track. Do Google searches for events to attend or post to BP and ask for opinions about the events.
Good luck!
Hi Jad,
While not real estate specific, "It Takes What It Takes" by Trevor Moawad, is a great resource. It discusses the notion of neutral thinking and getting to the truth quickly to overcome challenges. In a space with obstacles and challenges both seen and unforeseen being able to utilize neutral thinking overcome a challenge and progress forward is great reminder and process.
@Jad Haddad I posted a list of helpful multifamily books/resources in another thread. Highly recommend these! https://www.biggerpockets.com/...