![]() ![]() Author and podcaster James Kandasamy, who has 1,700 apartment units under management, utilized his experiences as an operator to give readers a solid background to feel confident when discussing commercial properties with syndicators. ![]() Allen ( Nothing Down, Multiple Streams of Income, Creating Wealth, among others) and (the website of stock market guru and Mad Money host Jim Cramer) lists this book as one of the best real estate investing books, you may want to pay attention to the contents in this book. ![]() Review: When a book’s foreword is written by best-selling author Robert G. The author also gives some heartfelt advice on investing in general, such as not putting more than 20 percent of your net worth with one person or entity. The “Investor Due Diligence” chapter on vetting and aligning with sponsors is one of the most extensive of all the books discussed in this article. He instead emphasizes the philosophy of commercial real estate investing vs. Although there are no chapters dedicated to explaining deal metrics, the author probably does not want to bog down the future passive investor with these details. It’s for people who have the money to invest in real estate but need a good steward for that money.” The title can be deceiving, but “do the work once” refers to finding a few trustworthy sponsors and keep investing in their deals (“get paid forever”). As he states in the Introduction, “this book is for professionals and business owners who have limited time and energy to nitpick the details of real estate investment deals. Review: Author John Bogdasarian is founder and CEO of an investment group that owns $1/2 billion worth of commercial real estate and serves 400 investors. If you are interested in investing in real estate but are too busy to find, buy, and manage properties, then you can get a head start on passive investing by reading this book. This chapter alone was worth the price of the book in my opinion. The chapter named “Your Roadmap to Financial Freedom” illustrates with the use of tables how you can achieve a six-figure passive income in eight years. Most of these passive investing books concentrate on multifamily assets, but she has an informative chapter on the merits of self-storage facilities and mobile home parks. I appreciated the section on the three T’s for evaluating sponsors – Trust, Team, and Track record. The author does a superb job of explaining terms that you will encounter in syndication materials. The latter is probably the type of investing that busy professionals want to pursue. The book starts out describing the difference between passive real estate investing and truly passive investing. With busy professionals, namely physicians, in mind, she wrote a thorough book on the advantages and pitfalls of passive syndication investing. Vanessa Peters is not treating patients’ ailments in her family medicine practice, she is busy syndicating commercial real estate deals. These books will easily give you enough comfort to screen sponsors and to assess prospective properties. But please do not assume that the 101 level books are too basic. Books that are labeled “101” should be easily understood by newbie real estate investors while the “201”, “301” and “401” books will have increasingly more in-depth discussions about things like partnership compensation models and underwriting deals like a syndicator. I give each book a level of “education” rating just like college courses have. Fortunately, in the last few years, more books are targeting passive commercial real estate investors who are too busy or have no desire to be active syndication sponsors of large properties.Īlthough the term “passive investing” can mean investing in “Wall Street” index funds or even turnkey single-family rentals, in this article, I summarize my favorite books that will give you the confidence to passively invest in the commercial real estate space. Books on buying commercial properties like apartment buildings and self-storage facilities are also becoming more prevalent but are mainly geared towards teaching the budding active investor and, in the case of syndications, the general partner or sponsor.
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