Looking for literature reccomendations

[Jonathan Warner]

Hello all,

This is my first post on BP. I live in Tuscaloosa, Alabama and I am looking to begin real estate investing in the next year. 

Long term goals: Create a portfolio of commercial properties to generate passive income to beat out the returns (about 8%) of my current stock portflio by a significant enough margin to make it worth the effort.

Short term goals: Fix and flip a property in my local area to get my feet wet.

I understand the three major assets to bring to the table for this venture are capital, time, and knowledge/experience. I am trying to gain more knowledge right now before I start. Once I start I will begin with a flip to gain more experience. I dont have any other plans to bridge the short-term and long-term goals mentioned above.

I have enough money but I'm lacking time and experience. A lot of the literature comes from the perspective of replacing a W-2 job. To be honest, I need a different perspective that is more in line with my goals. I'm looking for something more along the lines of diversifying my more stock-based investment portfolio in a more active way. However, the end goal is to systemize in a fashion that will allow more passive involvement while retaining enough ROI to beat out my stock portfolios. I understand that, at the beggining, I will need to be more active and I'm willing to put in the time and effort for the first year or two to get to that point.

I am also open to the idea of syndications, private equity pool funds, and private lending in the future. But I have no immediate plans to get in involved yet.

Any pointers or literature reccomendations would be greatly appreciated. Thanks in advance!

,West