Wheelbarrow Profits - A Book Review

Wheelbarrow Profits - How to Create Passive Income, Build Wealth, and Take Control of Your Destiny Through Multifamily Real Estate Investing by Jake Stenziano and Gino Barbaro is a great read for those getting started on their real estate investing journey. The book breaks down the authors investing strategy into three sections that they call the wheels of your wealth wheelbarrow. These three sections are, "Buy Right", "Manage Right", and "Finance Right." Their strategy is to find underperforming multifamily buildings of a certain size and turn them and make them cash producing assets through these three steps.

The info shared in this book isn't anything completely groundbreaking but, a strong collection of info that is tried and true. Those who are successful in this industry do the three things that are mentioned in the book. The book is written in easy to understand language with many industry terms being defined clearly making it a great read for those looking to learn the fundamentals of investing in multifamily. One section I think that stood out to me the most was the third wheel, the financing section. They give a great overview of a large variety of financing strategies and simply explain how they can be useful in different situations. The wealth of knowledge in financing is the piece of this book that makes it feel like a definite worthwhile read for beginners.

While reading through the book however it did feel a little pigeonholed on multifamily deals. I realize the book is meant to show the authors investing story and strategy but, many of the ideas they share are universal and can be used in a variety of different assets and ways but, the author fails to mention this fact and portrays multifamily investing as the only way to go about using these interesting ideas that they share. It is certainly a small issue I had with the book but, feel that it was something that should be addressed as it may close the minds of newbie readers to the possibilities that they are trying to share. Overall I think a lot of the info in the book is extremely well put together and will give readers a great look into the possibilities that arise in creative investing in real estate.