To become successful at multi-family investing, you need to increase your knowledge and you can start with these top 5 books on multi-family real estate investing.
We’ve also added two bonus books that tackle more of a general mindset.
All these recommendations are beginner friendly.
1. Invest in Apartment Buildings: Profit Without the Pitfalls by Theresa Bradley-Banta
Bradley-Banta quickly dispels the real estate investing misconceptions that most persons have and dives into how to become successful at investing in multifamily buildings.
This book is only if you’re seriously committed to making real estate investment work for you.
2. Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks
We are big on syndication here at XSITE Capital, so it’s natural that we would recommend a book on the subject.
This book is one of Amazon’s highest-rated real estate investing books based on average customer reviews.
If you’re ready to upgrade your property investment game in a logical step, then this book is an excellent guide.
It’s an in-depth look at building a real estate investment business from concept to execution. It does, however, focus on syndication with an exit in mind, whereas we generally look for permanent holds.
3. The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing by Brandon Turner
Written by an active real estate investor, this is a detailed guide made with the intention to stop readers from failing at real estate investing.
We advocate for generating wealth using passive income streams, so we appreciate his sections on achieving real estate success “without touching a toilet, paintbrush, or broom.”
Turner also hosts the BiggerPockets Podcast.
4. Mastering the Art of Commercial Real Estate Investing by Doug Marshall
Trying to decide between residential or commercial real estate investing? Marshall’s book looks at the benefits and pitfalls of commercial real estate.
Marshall has extensive experience in the industry and can, therefore, write from a first-hand perspective.
5. The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
On the other hand, there’s residential multifamily investing, which Berges goes into detail on the topic.
This book is good for beginners and seasoned, professional investors alike. Now in its second edition, it has added information on tax planning and sample forms to help to understand the investment process.
6. Wheelbarrow Profits by Jake Stenziano and Gino Barbaro
We love this book at XSITE Capital and recommend it frequently to our friends, family and new investors.
In this book, the authors explain why multifamily investing is so lucrative and how you as an investor can take advantage of this opportunity.
Even if you’re an experience investor, this book is an excellent resource on understanding your market, finding your niche, and growing your portfolio.
The right mindset is necessary if you want to be successful at real estate investing. That’s why, in addition to the real estate books we’ve listed above, you should make time to read the following.
7. Rich Dad, Poor Dad by Robert T. Kiyosaki
Kiyosaki compares 2 types of dads. The “poor dad” teaches you to follow the traditional viewpoints on money – go to college, get a 9-5 job, work until retirement, while the “rich dad” teaches you to become independently wealthy where you invest and build assets.
8. The Richest Man in Babylon by George S. Clason
This book clearly illustrates many of the principles that underpin multi-family real estate investing:
● Start thy purse to fattening. It is not what you earn; it’s what you keep.
● Make thy gold multiply. Clason here speaks to having more than one income source and that wealth comes from a reliable income stream. Embrace passive income generation and make your money work for you.
● Increase thy ability to earn. Clason encourages you to put yourself in a position to make more money. This means improving your skills and knowledge.
We believe the first step in growing your wealth is growing your mind, so we encourage you to dive into these books above along with various topics on the XSITE Capital blog.