Lurker > brandunh11

Jabodie posted...

Any recommended books for getting into the rental game?

I'm far of from having the money to seriously try it, but I want to get some basic education so I can think about it as a potential avenue for money in my life (even if I never do it).

Multi-Family Millions by David Lindahl
Crushing It In Apartments and Commercial Real Estate by Brian Murray

I recommend both of these because they give lots of valuable insight and they both have some competing ideas about what to do with your properties long term. Neither is "right" or "wrong" but it's good to see both side of the coin.

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21WIVES_CHILL posted...

And accruing even more debt.

Debt, in and of itself is not a bad thing. There is a such thing as good debt and bad debt. Most people have "bad" debt though. More specifically, debt on depreciating assets that don't help generate income. If your debt is paying for itself (presumably an apartment complex would generate enough to pay for itself if it's a good investment) then this would be considered "good". I highly suggest looking more into how debt is used to fund business (if you're operating an apartment complex, then you're operating a business). Go look at the financials for nearly any public company. You'll see that the vast majority of businesses are at least partially funded by debt because ultimately it's a cheaper way to do business compared to using your own equity. Personal finance "experts" like Dave Ramsey and Suze Orman aren't going to tell you this though and just cram into your head that all debt is bad which is not necessarily the case.

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