Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big
By Brian Murray
Think apartments and commercial real estate are just for the big boys? Think again.
Brian Murray was not an investment pro when he bought his first commercial property. He was a teacher looking to build some side income. Armed with his passion for business and a lot of common sense, he developed a simple yet highly effective approach to investing that he still uses today at his multimillion-dollar real estate company.
Crushing It in Apartments and Commercial Real Estate is a beginner's guide to investing based on Murray's experience bootstrapping his way from newbie investor to award-winning CEO of Washington Street Properties. Murray shares the secrets to his success through straightforward, actionable advice that will help you get started no matter what your experience level, or how much cash you have on hand. You'll learn how to:
- Find and creatively finance commercial property
- Grow a portfolio without any help from outside investors and without taking on excessive debt
- Use your small-investor status as a competitive advantage over corporate investors
- Identify simple, practical ways to increase profits while keeping costs low
Murray also shares real-life stories that reveal exactly how he grew his business, and the hard lessons he learned along the way (so you don't have to). Whether you already invest in real estate and want to go bigger, or you've never owned a property, this book gives you the tools and wisdom you need to crush it in apartments and commercial real estate.
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MY REVIEW
This book is
loaded with sage advice for anyone looking to get into investing in the
commercial real estate market. I had considered myself more than a novice in my
knowledge in this area, but with terms like proforma, syndication, wraparound
mortgage, and disintermediation, I quickly discovered just how much I didn’t
know. I thought this book was well-written, no doubt taken from the author’s
knowledge and experience. His integrity and humanity really showed through as
he shared examples of his triumphs and mistakes. I couldn’t believe how much I
learned just from that.
Mr. Murray
greatly stressed to do your homework before jumping into this type of venture.
He expounded every aspect of the business from start to finish, dissecting each
in minute detail. Nothing was left out. This book is a gold mine for reference
and gave me the confidence that I needed before venturing into an investment of
this type. Even if you are short on funds, it teaches various ways of working
around that. Murray also shared innovative ideas for working with the myriad of
people who will be involved throughout your acquisition. I enjoyed reading all
the uplifting quotes scattered throughout the book. The best advice, without a
doubt, was that “you should never invest anything you’re not prepared to lose.”
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**The above opinions are 100% my own, whether I purchased the book or it was given to me to review.
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