Brand New to Real Estate - Best Multi-Family Investing Books?

[Brandon Fox]

Hello all,

I am basically brand new to the real estate arena even though I have been listening to BP podcasts on and off close to a year now. I currently work in outside sales making great money and want to start educating myself on multi-family investing and am ready to dive deep! 

The goal is to invest in a 10+ unit apartment bldg. within a couple years..

Best book recommendations? Podcasts other than BP? Meet ups or REIA's in the bay area?

Much thanks!!

[Sam Levin]

Hi Brandon. If you are willing to consider out of state multi-family investing you should look at what's going on here in Utah County. We've got new construction (2015) beautiful fourplex townhomes that are fully occupied and run at a 6.7% cap rate. The pre-construction options include triplex, foruplex and twelveplex options that will return a 7.7% cap rate upon completion.

Either way with our in house property management team (cost already included in cap rate calculation) you don't have to do anything but get your check in the mail for the positive cash flow every month. There are waiting lists of renters here already and the projection is for new renters to outpace new rental construction 2 to 1 over the next five years!

I have California based investor clients buying these right now because they are fed up with the high prices and low cap rates out there. If you would like more information about that let me know.