Mastering the Art of Commercial Real Estate Investing: How to Successfully Build Wealth and Grow Passive Income from Your Rental Properties

With over 40,000 books available on real estate how do you know which ones are worth your time? A cursory glance at Doug Marshall's profile shows he has been professionally involved in commercial real estate lending, broking and investment for over 30 years. On top of that he holds the coveted CCIM (global certified commercial real estate investment designation). I figured he was probably worth listening to. Doug takes his years of experience (and the body of knowledge built up over the course of 50 years by the CCIM Institute and distils it all into a structured overview of how to find, underwrite, finance and manage commercial real estate. What I particularly liked about the book was how in outlining core principles he then proceeded to answer the questions that the reader would naturally ask themselves (many real estate books outline theory without application - or tactics without broader context. A good example of this is Doug's explanation of the Real Estate Market Cycle. This is singularly the best coverage of the topic I have read (and I have read many texts on the subject). His explanation of the four phases of the cycle is fairly standard but it is how he elaborates to help the reader understand first of all, how to intelligently question which phase of the cycle they are in and how to act like a professional investor in how they subsequently engage with the marketplace. And yes, deals can be had at all phases of the cycle. The insights continue throughout the book and if you don't have the time or money (minimum 12-18 months and approx $5K +) to complete the CCIM designation, the introduction to the numbers of CRE Investing in chapter 6 provides you with an infinite return on your investment of £8 for the cover price of the book! If you are serious in investing in income property, this is a must have reference for your collection. Highly recommended.

Well written introductory approach to CRE investing.

I loved Doug Marshall's writing style. This book is well written, to the point with no-nonsense. No beating around the bush. He instructs with an easy way to understand the ins and outs of real estate investing from buying, financing, managing and selling. What I especially enjoyed about the book is that he gives advice on just being a good business person and principals to live a successful life in general. He shares his favorite business books and sentimental stories of what he learned from his parents that made him a successful person today. I really enjoyed this book as I, myself continue to learn about my future in real estate investing.

I have read so many books on multifamily investing and it was so nice to read one that was not just a bunch of hype. I have invested in quite a few SFR, but want to move to multifamily apartment. This will help me move to the next level. So many of the books I have read are not really that practical or detailed. You can tell from Doug's writing that he is wise and trying to help us not make the same mistakes he has made. I can tell he has a CCIM designation, because of the depth his knowledge and understanding of understanding what it takes to be successful in multifamily investing.

Written by a commercial mortgage broker with experience in the industry, the book gives the reader a basic introduction to commercial real estate, the decision matrices as well as the steps in the lifecycle from pre-purchase through sale or exchange. A good introduction to commercial real estate investing.

I have been in CRE for 14 years. I have read a lot of CRE books and Doug’s book is in my top 3. Easy to read and focuses on the fundamentals without getting overly complex. I read so many books that get wayyy too far into the weeds. This is a book that I am going to gift to many people.