Crushing it in apartments and commercial real estate How a small investor can make it big

This book is recommended by BlueInk Review, a fee-based review service devoted exclusively to self-published books. Booklist is happy to partner with BlueInk to bring you the best self-published titles for adults and youth. Stars reflect the decisions of BlueInk reviewers and editors. Murray quit his tech job to become a teacher. He then turned to real-estate investing to supplement his income, and it became his passion. In this guide, Murray shows how others can follow his path to success, covering every phase of commercial real estate, including how to identify valuable acquisitions, analyze properties, and work with lenders effectively. In addition, he outlines how to add value to a property, screen tenants, and retain the best tenants. Avoiding business jargon, Murray describes how to apply basic business values to this type of investing, such as building a team and creating a vision for your enterprise. He emphasizes that real estate is not a get-rich-quick scheme or a passive endeavor where investors can buy a property, sit back, and wait for the money to roll in; rather, it's hard work. This is not only a solid primer on commercial real estate but a useful guide for building any type of business. Newbies and professionals alike will benefit from this volume, which is chock-full of insight and solid advice.--Review, BlueInk Copyright 2017 Booklist

Murray, founder of an upstate-New York real-estate-investment company, begins with a disclaimer that he accepts no responsibility for the information he presents. His advice, however, is generally sound as he sets out a clear, detailed traditional approach to acquiring and managing small apartment buildings and commercial properties. It's not a get-rich-quick scheme. Rather, the book details a careful buy-and-hold strategy that relies on adding value to properties and reinvesting positive cash flow. Information about analyzing properties, working with lenders, managing difficult tenants, and growing in scale is well presented. Examples from Murray's experience are used throughout; an extended case study about one property in Murray's portfolio, a trouble-plagued but ultimately successful apartment building, nicely illustrates his approach. Less useful are two borderline-generic chapters about maintaining work-life balance and continuing one's financial education. There are also several glaring omissions. Murray offers little about legal or regulatory matters and nothing about selling properties or surviving a market downturn. Nonetheless, readers seeking a practical guidebook to buying and holding commercial property will find Murray's book a strong choice in a crowded category. (BookLife) © Copyright PWxyz, LLC. All rights reserved.