Good books on real estate private equity?
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[{"id": "f9k0bka", "text": " [https://www.amazon.com/Investing-Real-Estate-Private-Equity-ebook/dp/B01IW0G0S0](https://www.amazon.com/Investing-Real-Estate-Private-Equity-ebook/dp/B01IW0G0S0) \n\n&amp;#x200B;\n\nThis book is written by an experienced principal at a PE shop that owns and manages roughly 20,000 apartment units. Highly recommended", "replies": [{"id": "f9m0mi0", "text": "Yeahhh... when I first read it I thought it was good...but now not so much. Good for rookies I guess", "replies": [{"id": "f9m0vnz", "text": "Why", "replies": [{"id": "f9m1cn4", "text": "I have the book in my hand right now:\n\nIt's nice because it shows a drawing of some common ownership structures. It spends one paragraph for each main asset tupe (multifamily, office, retail, NNN, etc). It tells you about some basic metrics, CoC, LTV, DCR, etc. Tell you about the various documents involved with RE PE (memoradum, agreements,etc).\n\nI dont want to type too much more but the point is it barely touches on any of these subjects, it just spends like 1 or two paragraphs at best and then moves on. That makes a good INTRO book. Doesn't even show one decent model or even an income statement.\n\nYou're better off starting on bigger pockets to get your feet wet (i actually hate that site), reading a 10k for some REITS to learn different strategies, going on adventuresincre (shoutout to my buddy spencer burton), doing a modeling course (BIWS, or ACRE accelerator)", "replies": [{"id": "f9p2swd", "text": "Thanks, I actually have the acre accelerator, need to work on finishing it. What do you think of Linnemans textbook? Is it worth it?\n\nedit: Also, do you mean you are recommending bigger pockets or you're not?", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "f9n6rrf", "text": "Exactly. When you first read it you found it valuable.\n\nJust because you have more knowledge now doesn\u2019t mean an introductory book is \u201cnot good\u201d.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f9k0xe1", "text": "The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment gives you insight with stories. I haven\u2019t read the book yet. I\u2019ve heard good reviews about the book so it\u2019s on my list of real estate literature to read. I\u2019m also trying to make the switch to REPE. Good luck and enjoy the journey!", "replies": [], "depth": 1}, {"id": "f9k38ad", "text": "Following.", "replies": [], "depth": 1}, {"id": "f9k3n4d", "text": "Less academic but other people\u2019s money and liars ball tell the stories of two high profile deals.  Not going to teach you real estate but cool to read about some of the big players", "replies": [{"id": "fbcbngn", "text": "I am half way through liars ball and it\u2019s a great book!", "replies": [], "depth": 2}], "depth": 1}, {"id": "f9k7y7n", "text": "\"Real Estate Finance and Investments: Risk and Opportunities\" by Peter Linneman.  Very academic and expensive, but worth the money IMO", "replies": [{"id": "f9kurll", "text": "This is the best general commercial real estate book out there. I have continually come back to it over the last 10 years.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f9k91vo", "text": "Ian Formigle with crowdstreet has a free ebook that covers real estate private equity", "replies": [], "depth": 1}, {"id": "f9kxnua", "text": "What courses are you taking? Is it a university course or a self appointed course?", "replies": [{"id": "f9leb2i", "text": "Self appointed. I\u2019ve wanted to go back to school for a grad degree but it costs so much. Most of the grad degrees I\u2019ve looked at are 70-100k.", "replies": [{"id": "f9lsmum", "text": "I've done the same arithmetic for just an undergrad. Why do I even need it. I've already got enough investors that want to buy, clients looking to rent, and property management for regular income. I don't need to be more busy just for a piece of paper on the wall. I still want it though.", "replies": [{"id": "f9m0qh2", "text": "Having done extensive research on my own and gone back myself... there is just so much you learn from a classroom and having experience at a top RE shop that I can confidently say you just don't get online. 90% of the shit you fine online is focused on residental or like multifamily when tehre is a whole world out there to explore. The classroom teaches you how to REALLY think of risk, discounting, and returns.", "replies": [], "depth": 4}], "depth": 3}, {"id": "f9n8ayu", "text": "I agree, degrees are expensive for not being guaranteed anything. I am interested in doing something similar (modeling courses). Where are the course offerings from?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ff7knf3", "text": "Hey there. I am working on a real estate private equity interview guide and I'd be happy to shoot you a free \"first draft\" copy in a few months if you want to set a reminder. Meanwhile, you can check out all of the articles we've written at our [Leveraged Breakdowns](https://leveragedbreakdowns.com/) blog.", "replies": [], "depth": 1}]