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Updated about 9 years ago on . Most recent reply
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Commercial education recommendations??
Hello BP!
I'm located in an area where large multi family units are common, I'm VERY interested in skipping the SFH game and get right into investing in commercial apartment complexes.
Could anyone recommend some reading material for this niche? So far I have two books on my list (commercial mortgages 101 and ABC's of REI)
If there are any investors or brokers in the south Florida area I'd love to hear from you!
Some keyword alerts: Miami dade fort Lauderdale Broward soflo Florida
I appreciate any input!
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@Joshua Pavao
Books are good, for learning the fundamentals. However, in my opinion, and experience you need to learn and gain a great understanding, of the various municipalities, with respect to demographics, pocket market appreciation/ depreciation, pocket market economic factors, demand for the need to rent, the needs of tenants such as close access to transportation and shopping, vacancy rates, etc. None of the aforementioned can be learned, from books. A wise investor will have a good understanding of the marketplace; thereby where to invest, will be dictated, buy one's marketplace insight.