What books do you rec for getting started in apartments?

[Charlene Fetzer]

Hi BP community!

Purchased my first duplex this year and want to progress into larger mulitfamily in the future. What books helped you understand the nuances of this sector of real estate? Or podcast you recommend? 

I have read Crushing it in apartments and commercial real estate by Brian Murray which helped simplify the process, but would love to hear other books/resources that helped you. Or general recommendations on this sector. New to real estate and open to hear others knowledge in the industry. 

Thank you! 

Charlene

[Nathan Fisher]

Maybe this is a different route, but I read Evicted by Matt Desmond.

While It changed my investment strategy, it also improved my understanding of the challenges tenant's go through.

Because of reading this, I've had better relationships with tenants, which helped a lot during the early covid days.

[Bjorn Ahlblad]

What every investor should know about cash flow by Gallinelli and Managing rental properties by Brandon Turner. I also recommend joining an REI org, and of course hanging out here. All the best!

@Charlene Fetzer

[Charlene Fetzer]

@Nathan Fisher Thank you, I would have never looked into that and definitely good to get all sides of the business. I will check it out!

[Charlene Fetzer]

@Bjorn Ahlblad Awesome, thanks so much! I have the managing rental properties one, so I will look into the other! Cash flow is always a good topic!

[Michael Itzla]

I would highly recommend The Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks.  It seems to discuss all the major aspects related to investing in larger multi-family deals, and gives you a game plan on how to accomplish it!   

[Taylor L.]

The E Myth. Delegating and building a team is so, so important. That book in particular is not specifically about real estate, but its lessons about entrepreneurship apply to any industry and any business looking to scale.

[Rodney Robinson]

@Charlene Fetzer like @Michael Itzla, I highly recommend the Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks. It is a very detailed and thorough book for those looking to syndicate. Are you looking to actively invest in apartments or invest passively I others’ deals?

Rodney

[David Richter]

@Charlene Fetzer

Hi, Charlene

Hands down, the best book I’ve read on Apartment Syndications is Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks. That book was a GAME changer for me.

I hope that helps!

[Mack Benson]

Raising Capital for Real Estate by Hunter Thompson is great for gaining an understanding of the nuances of capital raising.

In addition to the Best Ever Apartment Syndication Book I also like Wheelbarrow Profits, and Syndicating is a B*tch for dives into the apartment world.

[Brian Wagers]

Multi Family Millions--David Lindahl
Wheelbarrow Profits - Gino and Jake
Crushing It -Brian Murray
Best Ever Apartment Syndication Book- Joe Fairless
Financial Freedom-Michael Blank
Raising Capital for Real Estate-Hunter Thompson
The Hands Off Investor- Brian Burke

[Charlene Fetzer]

@Taylor L. Thank you! I’ve heard a lot about this and haven’t gotten around to reading it yet.

[Charlene Fetzer]

@Rodney Robinson @Michael Itzla Thanks for the recommendation, seems like a popular choice for this sector. I’ll put it top of the list.

@Rodney Robinson I am more of an active interest for the time being

[Charlene Fetzer]

@David Richter thanks David! Looks like it comes highly recommended, appreciate the insight

[Charlene Fetzer]

@Mack Benson Awesome, thanks for the input. Learning more about raising capital is always top of mind as I grow. I’ll add the others to the list also!

[Charlene Fetzer]

@Brian Wagers Hey thanks Brian! Nice breakdown here, I really appreciate the input. Any initial advice?

[Brian Wagers]

You are starting right by making sure you have in depth knowledge. Those books will have some great advice starting off. To add to that I would continue listening to podcasts and try and attend some multi family networking events or seminars (now a days most online). It is good to try and define your criteria and niche early on as well (will you be focusing local, specific market, how many units, what asset class, A/B/C/Section 8 etc.)

[Charlene Fetzer]

@Brian Wagers Awesome, thank you so much for taking a moment to reply. I have a lot to learn and look forward to it. Defining my niche is something I’ve been considering so I appreciate the input!