The 9 Month Investment speaks in broad strokes. I was disappointed in the lack of specifics in the book. The first two chapters are purely motivational (a bit corny at that) and worded in a distracting fashion where the author tries to get you excited about the prospect of buying apartment complexes and adds "okay?" to the end of many sentences, which is distracting. If you're buying the book you're probably already excited at the prospect of learning more about buying apartments
There is some decent advice in the book, just nothing specific. The best pieces of information I thought were:
* Phone interview at least 3 banks asking for how they do business but your real target is to find a good broker and see if any are referenced by multiple banks.
* Ask each commercial broker for references to a good CPA, Real Estate Attorney, Property Management company and look for common references.
Avoid
1. Subsidized housing of any kind
2. FHA loans
3. FMHA Housing (author assumes you know what this is and why to avoid it.)
4. Converted housing (anything converted from larger property into smaller units.)
5. Single Family homes (not enough profit potential)
6. New construction and low income housing
Buy
1. Properties built as apartments
2. In economically strong areas with decent job growth and economically strong tenants
3. Properties with 12 units or more for economies of scale
4. 7-25 years old
5. Properties you can increase revenue by 9% and decrease expenses by 9%
Those are sensible pieces of advice but Garmin does not provide ANY insight on how to spot potential increases. I know from reading other real estate books that most of your net income comes from rent so you need to make sure you're charging market rents, but he doesn't spend much time on how to research that or how to decrease expenses. (He does say to immediately lower your property taxes through having your property reassessed, but does not tell you what steps to take or what else to do.)
Garman mentions his website on about every third page and at the end of the book you find out the reason for the generalities is because he highly recommends investing in someone else's project that has more experience.
All in all I was disappointed that the book seemed more of a pitch to invest in his personal projects by contacting him or another real estate professional, but there were scarce specifics on what to look for in buying and holding your own investments.