Apartment Building Investing

[Alonzo Avents]

I'm plan to buy my first apartment building this year. Does anyone have sources for things to be familiar with? For example, liabilities, valuation, management... It's a first time thing so I'm looking to learn.

[John Jacobus]

@Alonzo Avents Here are some of the resources that I found valuable when I first started transitioning to multifamily investments:

Books:

1. Wheelbarrow Profits by Jake Stenziano and Gino Barbaro - Focuses on purchasing, financing, and re-positioning "mom & pop" multi-family apartment communities.

2. The Ultimate Guide to Buying Apartment Buildings with Private Money by Michael Blank - A step-by-step overview of how to identify multi-family apartments and raise money from private investors to acquire and re-position them.

3. The ABC's of Real Estate Investing & The Advanced Guide to Real Estate Investing by Ken McElroy - Solid detail on the process as well as case studies and advice based on personal experience.

4. The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges - A nice overview of the apartment investing process from beginning to end with case studies and personal stories.

5. How to Create Lifetime Cash Flow Through Multifamily Properties by Rod Khleif - A nice overview of the apartment investing process from beginning to end with case studies and personal stories.

6. The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing by Paul Moore - I enjoyed this because it outlines the merits of multifamily relative to other investment options.

Podcasts:

1. Old Capital Real Estate Investing Podcast - Lots of good stories about newbie investors getting started with multi-family investing

2. Wheelbarrow Profits Podcast - While they have a variety of different guests, Jake and Gino have several interviews with individuals who have scaled quickly and achieved success in the multi-family arena. The Jake & Gino personal story is also a great success story in the value-add multi-family area.

3. Apartment Building Investing with Michael Blank - Same comments as Wheelbarrow Profits

4. The Lifetime Cash Flow Through Real Estate Investing Podcast with Rod Khleif 

5. Best Real Estate Investing Advice Ever with Joe Fairless - I recommend the "Follow Along Friday" episodes to you. In these episodes, Joe shares updates on his investment activity and shares lessons learned, mistakes, and best practices from acquiring multifamily properties. He has scaled from 3-4 SFR's to ~2,000 multifamily units in just a few years.