I get asked all the time what are the best books to read on multifamily investing. The answer really depends on the reader’s knowledge level. So, here are books to read for every level…
Granted, Peter Harris is a friend of mine but, before I knew him, this was the first book I ready on multifamily investing and it was incredibly helpful in teaching me the basic principles of multifamily investing. Doesn’t go too deep in analysis but gives you all the tools needed to have enough knowledge on the subject so you can have intelligent conversations with people.
This is a fantastic book that takes you through case studies and beginner-to-medium-level advice on acquiring multifamily family properties. One of the things I learned in this book is the disadvantage of assuming loans because, typically, you’ll pay more than you would if you put new debt on the property. I recommend this book to everyone I speak to who wants a good multifamily book.
For anyone who is or wants to purchase apartment buildings that need some work, this book is for you. The advice in this book is practical and tested. You need to read this BEFORE you actually buy the property so you don’t fall into the trap that a lot of investors fall into with a money-pit.
If you’re interested in development then read….
Like, whoa daddy. This is a big book. This book is so big that if you shot a bullet at it you’d feel sorry for the bullet. But it is a comprehensive book on real estate development. I really like how it lays out the step-by-step process of development and gives you case studies along the way. (notice a “I love case studies” theme)