01 May Read These 4 Books Before Investing in Commercial Real Estate
You may have thought about investing in commercial real estate. Many people have found incredible success in the industry and it is a great way to achieve your financial goals for an entrepreneurial-minded individual. As a self-starter, education is important and taking the time to learn about the industry can provide priceless knowledge and tips on becoming successful that you would not have otherwise learned.
Reading books is an amazing way to educate yourself and expand your thinking. So, if you are thinking about investing in CRE here’s 4 books I recommend.
- The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single-Family, Multifamily, or Commercial Property By Steve Berges
Steve Berges is a successful real estate professional and writer. He has taken his various CRE experiences and written an easy to read guide for finance for investment properties. This book is great for beginners and successful investors alike because it is so comprehensive. Berges covers basics like CAP rate ratios and GRM, appraisals, leveraging debt, and even case studies.
- Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big By Brian Murray
Murray came into real estate investing after being a school teacher and needing to make more money. With his passion and drive, he was able to find immense success. He is currently the founder and CEO of Washington Street Properties. This book is a Winner of the National Association of Real Estate Editors’ 2018 Robert Bruss Gold Award and the Nonfiction Authors Association’s Gold Award, as well as a variety of other awards. This book shows beginners how to invest with a simple approach that Murray says he still uses to this day.
- How to Succeed in Commercial Real Estate by John Bowman
While this book gives straightforward and practical insight for someone who wants to learn about becoming an agent or broker, you should still consider reading it because you can gain valuable insight into the industry and learn about how agents operate on a commercial level. You will learn about commercial, retail, office and industrial investments. This can also expand your knowledge of various sectors and give you reasons to diversify your portfolio into sectors you may not have considered before.
- The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! by Gary Keller
This book is considered one of the “must-reads” by many agents. Again, not directly written for investors, but it does teach valuable skills. Keller focuses on organizational skills and enhancing productivity which can ultimately benefit any CRE professional.
In our technological era, you may feel like reading is not something you need to do. However, picking up these 4 books can teach you information about investing that will be priceless knowledge for years to come. So, before you start investing in CRE, invest in yourself with one –or all of these amazing reads.