Updated over 5 years ago on . Most recent reply
Book On Evaluating Deals
Hello,
I'm Kevin and I'm getting started in real estate. I just finished reading Turner & Dorkin's "How to Invest in Real Estate".
My biggest weakness right now is understanding how to evaluate offers that I see online (eg on loop net). I want to know how to do the math to evaluate if an offer is good.
I understand there are various calculators available on the website as well but if there is a book (and preferably if there is an audio book for the book) that would be really helpful.
Is this a good start: https://www.amazon.com/Book-Investing-Real-Estate-Money/dp/0990711714
Side note: I'm interested in multi family units in the Inglewood/Hawthorne area. As an LA native, I see lots of potential in this region with the new football and basketball stadiums + lots of new Chipotle/Five Guys-esque restaurants popping up.
Most Popular Reply
The books will help you understand the business and the asset. Good books to start on multifamily are the two that David Lindahl wrote. Both are on Amazon. If you're looking to learn the underwriting piece, then you need to go through a course on that. A good place to start is to find one on Udemy. There're also a ton of gurus offering it or a free models that canbe found on BP and beyond. "Search and you shall find!" :)