Summary of Brian H. Murray's Crushing It in Apartments and Commercial Real Estate

By IRB Media

Get the Summary of Brian H. Murray's Crushing It in Apartments and Commercial Real Estate in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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.

• Language: English
• Publisher: IRB Media
• Release date: Dec 6, 2021
• ISBN: 9781669341079

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Brian H Murray and Chris Abell's Crushing It in Apartments and Commercial Real Estate

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

The first step on the path to becoming a successful real estate investor is to understand and appreciate the basic financial concepts. Without a sound understanding of these concepts, you can never hope to make good investments.

#2

The KISS approach to real estate investment is to keep things simple. By understanding a few basic principles, you’ll be well on your way to success.

#3

Cash is the lifeblood of any business. It pays the bills and determines valuation. You should always remember to consider both the short and long-term effects of your investments.

#4

When you combine leverage and compounding, you generate incredible growth potential. These two principles can turn your money into rocket fuel.

#5

Focus on projects that can generate an immediate cash flow, since this allows you to harness the incredible power of leverage and compounding.

#6

NOI is the total income generated by a property minus the total expenses incurred by that property.

#7

To calculate the amount of money you will make from this investment, you need to subtract your monthly mortgage payment from the property's net operating income. The resulting figure is your cash flow.

#8

A 57 percent return on an investment in a property means that the property will be paid back in less than a year through the power of compounding.

#9

Following the BRRRR method, you will have a 35 percent increase in cash flow. Following the DYI method, you will have a 50 percent increase in cash flow.

#10

Small investors need to look for ways to increase their cash position throughout the lifecycle of an investment, beginning with the initial property selection criteria and the deal structure, and continuing with the asset's long-term operating expenses.

#11

The third rule is to reinvest as much of the cash flow back into the property as possible. This is the most important way to conserve cash, because it is your baby - it should be feeding off of you, not the other way around.

#12

The capitalization rate, also known as the cap rate, is the percentage return that you