Best resource(s) for learning commercial?

[Daniel Sager]

I am about to close on my second multifamily in a few weeks. My current plan is to sell both properties within about 6 years and us the proceeds to purchase a large apartment building on my own. Depending on what the lending climate is like when the time comes, I should have enough liquid to have the down payment for a 1 million dollar building (depending on what lenders will be requiring for reserves).

I understand that the commercial world is a very complex one so I want to start learning now so that I can plan for the next step.

Looking for suggestions of books to read and steps to take to prepare myself for something like this when I'll be likely going it alone.

Any tips appreciated!

[Jonathan Kerr]

Hi Daniel,

Here are my top 5 books for learning about commercial real estate investing:

# 1: What Every Real Estate Investor Needs to Know about Cash Flow... and 36 Other Key Financial Measures, Updated Edition, 2015. (by Frank Galllineli)

I can't stress how important it is to read and understand the basic concepts and formulae outlined in this book.

# 2: The Handbook of Commercial Real Estate Investing (by John McMahan)

# 3: The Due Diligence Handbook for Commercial Real Estate (by Brian Hennessey)

# 4: The How to Add Value Handbook for Commercial Real Estate (by Brian Hennessey)

# 5: Mastering the Art of Commercial Real Estate Investing (by Doug Marshall)

Also, your question suggested that you are planning to "go it alone". I'd humbly suggest you use the next few years to build a stellar team consisting of a top-notch accountant, real estate agent, and lawyer. 

Best of luck,

Jonathan