Newb
Hello, I am here to ask if anyone has any good resources (books) for someone looking to get into commercial real estate investing. I am a young medical student and in my spare time I read a lot and like to learn new skills, languages, etc. I invest a lot in stocks, but have slowed down because of the academic year. Someday when I am older I want to be able to get into commercial real estate. I know a lot of people who have been very successful in it. So far I have read "the millionaire real estate investor" "the best damn commercial real estate book ever" and "the appraisal of real estate" (I know this one is for appraisers. I chose it to give me a background in the fundamental analysis of price and value. Any feedback/advice is greatly appreciated. I currently know very little (only 3 books worth of knowledge), but the way I see it is that I have another 8 or so years before I will be done so that is plenty of time to slowly learn. Thank you so much, good luck to all!
[{"id": "dncfb9k", "text": "More general but entirely applicable is \"the intelligent investor\" by Benjamin Graham. Warren Buffet's favorite book. It is about identifying undervalued assets, which is a skill that will help you immeasurably as a commercial investor. ", "replies": [{"id": "dncv3k5", "text": "I have actually read the Intelligent investor and I loved it! I learned about stocks from reading and that was one of the books I read. I also really liked \"security analysis\" from Benjamin Graham as well! I wasn't sure if anyone knew of any good books about commercial real estate. It doesn't seem like there are as many. But for stocks, bonds, and other securities there are so many incredible books. I just want to understand better how I could go from point A to owning a commercial property. But thank you so much for your suggestions!!", "replies": [], "depth": 2}], "depth": 1}, {"id": "dnd0vj3", "text": "Real Estate Finance and Investment - Jeffrey Fisher\n\nIt's a large book and has a lot of the same information as the Appraisal of Real Estate, but teaches for an investor audience. I would also recommend since you have the basics start reading specialized material. Investing in Apartments, Investing in retail, Investing in Self Storage, Investing in Industrial. Each Property type has different metrics that the specialized books will cover better. ", "replies": [{"id": "dndu1i9", "text": "I was actually looking at that one...It is $80, but from what I gathered it looked like it is worth it. I am buying one off of Amazon right now. I like where you are thinking with the specialized material as well. I feel like that is where I need the most help because I have all of the different basic principles down (Triple net leasing, Cap rate, etc). Thank you so much for your help, good luck to you in the future!", "replies": [{"id": "dndur5q", "text": "There is a 14th edition pdf on Google for free if you search.", "replies": [{"id": "dndw49m", "text": "I am very broke (but its okay, it keeps a man thirsty) and you saved me a lot of money. Thank you so much!!! ", "replies": [{"id": "dndwe1f", "text": "I have a large digital library for commercial real estate if you ever need some books, do you use Calibre? ", "replies": [{"id": "dne7gvu", "text": "No I do not, is it a type of software? ", "replies": [], "depth": 6}, {"id": "dne7zxc", "text": "Hey, is there anyway for you to easily share what's in your library? Do you have  Real Estate Finance &amp; Investments: Risks and Opportunities by Lineman or Foundations of real estate modeling by Roger Staiger?\n\n", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dnd1tdp", "text": "for basic terms and analysis, read the propertymetrics.com blog", "replies": [{"id": "dndtysn", "text": "Heard. Thank you very much!!", "replies": [], "depth": 2}], "depth": 1}, {"id": "dngfh1a", "text": "Books are a helpful starting place to get used to the terminology and basic concepts of CRE, but there are a ton of local practices, and lessons learned from many years of hard experience that aren't in a book. For your first investment, I'd recommend co-investing with an experienced investor that you trust. They can share their experience and explain the process as you go (how to identify and evaluate properties, taxes, zoning, legal, financing, investment structure, maintenance, leasing, etc.)\n\nI'd join a CRE networking group and attend some of their events, you'll meet like minded people and can benefit from their experience.", "replies": [{"id": "dnhqdjv", "text": "To piggyback, another way to learn by doing, but one that is more passive, is by getting into crowdfunded deals. A good crowdfunding platform will have a report on every deal that becomes available that you can dig through, see the metrics, markets, etc. If you're already investing in stocks, this is a good way to diversify as well.", "replies": [], "depth": 2}], "depth": 1}]