Commercial Real Estate Bible Book Recommendations?
Hey guys does anyone have any recommendations on some CRE reading? I have generally been dissatisfied with the quality of RE books. Some of them are too vague or too long winded. I would like something that is succinct and too the point. Most real estate investment is an equation and I would prefer a book that focuses on that equation and explaining each element of it. Many RE books do not explicitly state the equation that you really need to understand but ramble on for dozens or hundreds of pages on inane topics and mindset bullshit. Thanks in advance.
[{"id": "ilxx4u9", "text": "Linneman\u2019s book - the \u201cblue bible of real estate\u201d https://getrefm.com/m-refai/#textbook", "replies": [{"id": "ilxzilu", "text": "Is that really a $1,500 excel course for real estate. If so, did you feel like it was worth it at all?", "replies": [{"id": "ily2fxy", "text": "Thought I just sent a link to the book. But yes I did take the course and it was extremely valuable, though my employer paid for it. It covers way more than excel.", "replies": [{"id": "im3aix1", "text": "Haven\u2019t taken any refm courses, but linnemans book really is the standard for CRE finance.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ily57ik", "text": "A couple of my classes focused on The Real Estate Game by Poorvu.  I recall thinking it was the best of all worlds.   Didn't read the whole thing cover to cover, but I remember it being both good and useful.  \n\nDon't think the title is brainwashing you into a \"team\" or that the text is going to be overly simplistic.   This was my misconception.   It sounds like the next flipping/MLM thing. It's not.", "replies": [{"id": "ily6cg4", "text": "Totally agree, The Real Estate Game by Poorvu dives right in and is very practical.", "replies": [{"id": "ilyqszd", "text": "I hated that book.  Tries to appeal to academics and to corporate real estate while appealing to the novice weekend duplex investor. Didn't really say anything new or insightful.  The war stories weren't especially insightful.", "replies": [{"id": "ilyrpvn", "text": "Well it's a generalized primer on practical real estate investment strategies and valuation. It's really meant to educate a novice CRE investor so saying something new isn't really a priority and all of it is insightful to someone who's new to the industry.\n\nI get the sense you probably read it for the first time further into a CRE career (so did I) but I remember thinking it would have been a must-read for me if I'd known about it in my first year in the industry.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ilydsku", "text": "The CCIM development track is based on The Real Estate Development Matrix by Kohlhepp. It's a great approachable book and, despite being fairly expensive, is still a hell of a lot cheaper than taking a bunch of CCIM courses.", "replies": [{"id": "im0gclh", "text": "Any idea on how this compares to the ULI textbook Real Estate Development Principles and Processes? Both are similarly lengthy with reputable authors.", "replies": [{"id": "im1e22g", "text": "It's probably the best 101 book on the topic (maybe after Professional RE Development: ULI Guide to the Business) but Matrix is much more concrete.  \n\nWhich, to me, is pretty characteristic of the organizations these books are being promoted by. ULI casts a wide net but CCIM is about the nuts and bolts.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ilyqxoz", "text": "This is the hard core math. \n\n\\---------------------------------\n\nCapitalization Theory and Techniques Study Guide, third edition\r  \nAvailable in PDF\r  \nDescription:\r  \nThis workbook explains the mathematics of finance and key terms, symbols, and formulas appraisers use to apply the income approach to value. (Softcover, 2009) ...\r  \nAuthor:\r  \nCharles B. Akerson, David C. Lennhoff, MAI, SRA, AI-GRS\n\nsold at Appraisal Institute dot org", "replies": [], "depth": 1}, {"id": "ilzfee3", "text": "Are there any specific topics you\u2019re interested in learning about? Totally agree that the real estate texts that are out there aren\u2019t great.", "replies": [], "depth": 1}, {"id": "ilzzr68", "text": "Birth of a Building", "replies": [], "depth": 1}, {"id": "im0b0x0", "text": "\u201cMost real estate investment is an equation\u201d\n\nTo me, you\u2019ve haven\u2019t done many deals yet. There are some nuances, underwriting vs. modeling. Modeling is just math sure, but which equation to use in different situations is a lot more complicated. \n\nAnyway, I plug Adventures in CRE for modeling. Check \u2018em out!", "replies": [{"id": "im9lntw", "text": "Not interested in your opinion thanks.", "replies": [], "depth": 2}], "depth": 1}, {"id": "im203rf", "text": "What exactly are you looking to understand about the industry?", "replies": [], "depth": 1}]