Apartment investing resources

[Tia Rubadeau]

Does anyone have reading recommendations for apartment investing? I'm currently reading The Advanced Guide to Real Estate Investing by Ken McElroy and have ordered his other book The ABCs of Real Estate Investing. I plan to buy my first small apartment building this year and want to learn as much as I can about this area of investing. Thanks!

[Tia Rubadeau]

Azeez K. Thanks, I will check it out. I'm pretty excited about getting started and trying to read as much as I can for additional ideas and tips for maximizing performance of properties.

Ben Leybovich I do think it offers more flexibility than single families if I ever decide to relocate (warmer weather is the dream) but retain the properties in terms of hiring a property management company. My husband has always managed apartments for his family and definitely has more experience than I, but I also think that learning more about it will allow me to identify and consider different niches within the market as well as equip me with the education to be an involved partner and not solely rely on his decision making on what to purchase and how to manage the properties. While experience is a good thing I think it can also keep people from trying anything new even if there are better ways to do things or respond to changing needs of the market-- I don't want to be an unsuccessful landlord because I relied on someone else to make all the decisions for me (or someone who never makes the leap because I don't feel ready). I have pretty big goals for our business and I need to be well educated to be instrumental in making them a reality. We own a few properties now and it's been fun, but I think that moving up to larger properties is one of the best moves we can make to take our business to the next level. I have no doubt it will be a challenge but I'll learn what I can and make it work.