After hearing a recommendation on BP podcast for the book "How to make Big Money in Small Apartments". Besides the slightly guru nature of it, I liked it. However, I'm kind of insatiable on the topic.
I'd love for more books geared towards Multi-Family and raising money for multi family.
Rod Khleif Put out a 200pg textbook that is pretty darn good. https://rodkhleif.com/books/
It is still free for now and is at least worth putting in your "pocket" as a reference.
If you are really getting excited (and have a couple of extra bucks to spear), I have heard really great things about the "Secrets of Successful Syndication" event that the Real Estate Guys put on twice a year.
Anyone else tried either of those two products?
That is a summary of all of the heavy hitters that EVERYONE on the podcast recommends over and over
"It's a Whole New Business" by Gene Trowbridge.
I would also look at Dave Linhdal's book Multifamily millions and Sam Freshman's Principles of Real Estate Syndication.
Go to Kim Taylor's site for a lot of good information. https://syndicationattorneys.com/blog/
+1 on Gene Trowbridge's book. Additionally, @Michael Blank published a great eBook on raising private capital for multifamily synidications.
- Multi-Family Millions – Lindahl
- Emerging Real Estate Markets – Lindahl
- Real Estate Finance and Investment Manual – Cummings
- The ABC’s of Property Management – Ken Mcelroy
- The Advanced Guide to Real Estate Investing – Ken Mcelroy
- Principles of Real Estate Syndication – Samuel K. Freshman
- Maverick Real Estate Investing – Bergsman
- Maverick Real Estate Financing – Bergsman
- The Complete Guide to Financing Real Estate Developments – Nachem
there is going to be a great event on September by The Real Estate Guys Radio "Secret of Successful Syndication
@Peter Halliday Hi Peter. I had the exact same question. Thanks for posting it. I'm not too far from Arlington Heights and I was recently talking to an investor and agent near there about looking for a deal there to syndicate. I'd love to talk with ya sometime soon.
@Peter Halliday Wheelbarrow Profits by Jake and Gino is hands down the best book on apartment complexes.
@Ingrid J. - What is it you like in that book that classifies it as the best in your opinion? Those other books mentioned are some pretty heavy hitters!
Thank you for the kind words. I am honored and humbled to be considered in the category of the other gentlemen mentioned, especially Ken McElroy who will be a guest on our podcast tomorrow and is a true guru in the sense that he is in the trenches doing it. Dave Lindahl is a beast, and was popular way before multifamily was. His books are amazing and a ton of value and helped me shift my mindset on investing.
Thanks to @Ivan Barratt for Bergsman. I will definitely pick up his books.
@Chris Tracy I think I know why our book and strategy has garnered some accolade. We lay out a very simple framework, are in the business buying and running apartments, run a vertically integrated company and share our successes and failures with our community. It is amazing how much you learn from writing a book and interacting with your community and the community her on BP.
The goal is to continue to educate yourself, and once you think you are an expert, God will remind you how much you really know
Here's to finding deals in this challenging market
Multi-Family Millions – David Lindahl
Emerging Real Estate Markets – Lindahl
The ABC’s of Property Management – Ken McElroy
The Advanced Guide to Real Estate Investing – Ken McElroy
Attracting Private Money - Mark Hanf
Networking with the Affluent - DR. Thomas J Stanley
Investing in Apartment Buildings - Martinez
Personally I think "It's a Whole New Business" is not a very good book.
@Gino Barbaro Np. You earned it!
What's a vertically integrated company if you don't mind me asking?
It's just a fancy term that means that we are in control of all aspects of the business, from property management, to accounting, to underwriting deals, etc. We started out managing our first deal and found that jake & I both liked the control. There are pros and cons. We can control costs and grow the NOI, but the focus on sourcing more deals sometimes takes a back seat. I think we would have been able to purchase more deals, but over the past year, we have been able to implement some amazing systems, such as Leaselock, Sure Deposit, A CRM platform to name a few.
PM me if you have any other questions
@Gino Barbaro Thanks for explaining. I think it's important to set up systems to avoid getting caught up in the shiny object syndrome. That way, when you get back into looking at deals, your business will be spearheaded and you'll have less to worry about. I'll do that.