I want to invest in multi-family & commercial property. I’m new to investing in real estate and would like to have a strong foundation before I start looking at property and investing. I figured the best way to learn and build the foundation was through books, podcasts, YouTube, and of course this amazing site! I’m currently putting a book list together. I was wondering if those of you that have read some of the books on my list could help me weed out the books not worth purchasing, so I can simplify my list. My thought process for picking out books is trying to find books that are more recent on multi-family investing, books that expand on specific topics like cashflow, financing etc. I tried to find books that were written by people who are investors or experts on the topic of the book.
Thank you for the help!
How to Create Wealth Investing in Real Estate (I own this one)
I’m currently listing to:
Apartment Building Investing with Michael Blank Podcast
Old Capital Podcast
The Bigger Pockets Real Estate Investing Podcast
The Lifetime Cashflow through Real Estate Podcast
Real Estate Investing Made Simple with Grant Cardone YouTube
If you are looking to invest passively in multi family and commercial, then there is a single book that I recommend from Paul Kaseberg. He’s sat on both sides of the table on over $1.7 billion of real estate deals. And his book covers everything a newbie needs to understand: from asset selection, to evaluating sponsors, to capital structures. For pros, he challenges conventional wisdom and explodes sacred cows by exposing hidden conflicts of interests and mis-alignments that many in the industry won’t admit to. The book is called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding" (written under his pseudonym of Sean Cook).
Maybe the best book: Multi-Family Millions, by David Lindahl. His follow up, Emerging Markets is also decent.
Originally posted by @Victor Fermin :
@Todd Dexheimer I had those on my list, but since it was published in 2007 & 2008 I thought it might only talk about strategies and concepts that wouldn't apply in today's market, but I'll give them another look. :)
I would say they are just as relevant today. ABC's of RE (one of my favorites) was written in 2004 and is still relevant today.
Getting educated is the first step towards launching a real estate investing business, so you are on the right track. Outside of books, I would also recommend reading the blogs of successful multifamily investors.
@Theo Hicks This is a great idea!
@Victor Fermin One can never have a complete books list on any topic. But I wanted to add to your the book by Steve Berges on apartments investing. A great education read.
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I would recommend the ABCs of Real Estate Investing and Multifamily Millions as two great ones to start with. The fundamental principles don't change, but the lending requirements and marketing strategies have certainly changed. For that info I would rely more on blogs and podcasts.