So you're interested in learning more about multifamily investing. If you're lucky, you have a mentor with experience in the space, perhaps you learned about potential opportunities at a local real estate investing meeting, or maybe this seems to be the next logical step in your investing journey.
Regardless of why you’re moving into multifamily real estate, here is a list of the 10 best books about multifamily investing to provide the foundation you need to excel.
This book is often mentioned as one of the best books to get started in multifamily investing. It focuses on scaling up from single family residences into multifamily. He offers strategies for finding the properties, fixing or flipping them, and then selling them. It uses a step-by-step system for each part of the investment, which can be great to use as a starting point for creating your own efficient system.
Steve Berges' book is written as a road map to investing in multifamily housing again while transitioning from single family to multifamily. He spends a good portion of the book on finding, analyzing, and securing the deal, including identifying value and negotiations. Also included are things like tax planning pointers and case studies to give you a nice picture of various deals from start to finish.
Large apartments can be a tough entry point for smaller investors or those new to the field. Even if you have skills in one area, you may not be comfortable with all aspects of investing. That's when syndication can come into play. Connecting and collaborating with multiple people of varying backgrounds can turn the impossible into possible. This book will help you create a team that will fill in the gaps, whether it be experience, capital, or access to deals.
Winner of several gold awards, Brian shares his process of moving from a motivated teacher with no prior experience to the CEO of a multimillion-dollar real estate company. His advice is relatable and action oriented, giving you the confidence to start investing regardless of experience or capital. He emphasizes methods that don't require bringing in outside investors or maxing out your access to debt.
This book focuses on buying and holding income-producing multifamily properties to provide passive income to support you and your family. The author worked his way to nearly 1 billion in real estate holdings with 5,000 units and shares the tools he used to get there. It details how to properly evaluate a property and then secure bank financing for a secure long term investment.
For a fresh perspective from many of the other titles, Lance shares how you don't have to start with single-family residences first. He was able to start his investing career in multifamily housing and shares how he made it happen while working a separate full-time job. Utilizing over 40 case studies, they outline wholesaling, buying, and rehabbing properties without using any of your own capital.
The author of 2 Years to a Million in Real Estate gives you a step-by-step plan you can follow to generate a business plan that scales up as you grow. He helps guide you through the initial deal finding, how to manage the properties, and then how to exit and roll the profits into your next deal. It will help you build your real estate portfolio so you have income-producing properties to rely on.
Whether you're a new real estate investor or a seasoned veteran looking to expand into a new market, this book was written for all investors. They start from the beginning by helping you map your chosen path to financial freedom and then share how multifamily real estate can take you there. It covers everything from how to study your market to building your portfolio and everything in between.
Coming from a scientist, this book is written with all of the detail and focus you could hope for in real estate. He blends qualitative analysis with quantitative facts to give the reader the technical information they need to make sound investing decisions in multifamily and commercial real estate. He not only goes over the analysis side of things but also discusses learning from your success and failure and the importance of giving back to the community you invest in.
From the top-ranked real estate podcast, Rod shares his personal experience owning and managing over 2,000 real estate properties. He shares not only his success and how you can duplicate it but also his failures so you can learn from his mistakes without having to make them on your own. This book outlines why the rules of real estate investing have changed forever.
These 10 books on multifamily investing offer insight and guidance as you start to explore the potential of building passive wealth from multifamily real estate investing. Understanding how to identify deals, secure financing, manage the properties as flips or holds, and exit the position when appropriate is essential to successful real estate investing. With knowledge of the foundations, you'll be able to begin investing with fewer bumps along the road.