The Science of the Deal by Shravan Parsi is an informative book on commercial real estate investing. Based on Parsi’s personal experience it starts in chapter one about how Parsi got started in the industry. Chapter two discusses important industry knowledge, building underwriting models, and introduces fundamentals on what to look for in a city or neighborhood. This is then explored more in chapters four and five as Parsi teaches how to systemically evaluate them. Chapter three delves into teamwork, leadership, and hiring the right people. The focus of chapter six is on you, the individual, and how to build important qualities in yourself, such as discipline, motivation, determination, etc. Finally, chapter seven explores how to appreciate your life and how you can create wealth while receiving the most satisfaction by doing good to yourself and the people around you.
Parsi creates an entertaining narrative that is complete not only with abundant knowledge and personal experiences in investing and sales but also in passion and dedication to a particular career path. This turns The Science of the Deal from the typical informative but stale work to one that is inspirational and enlightening. Parsi’s personal anecdotes are only one example of this as he describes how he adopted his disciplined mindset from his father, how he was able to turn his side hustle to his main, and how he was able to advance above others ins commercial real estate investing.
Though not everyone might appreciate this as the typical business-style format usually goes right to the point. Whereas this book, although extremely educational, takes more effort to be entertaining and motivational. In fact, Parsi blends his stories and lessons so smoothly that at times you end up learning without conscious effort.
If you are interested in real estate investing, or perhaps want to learn more about investing in general, then The Science of the Deal will prove to be essential for you. It covers everything in the industry from choosing a building to creating a strong investing team and a commercial real estate firm. There is an executive summary at the end of each chapter, recapping the key information that was explored in the previous chapter.
Shravan Parsi expertly helps people interested in commercial real estate investing in his enlightening book, but he also includes elements of wisdom he has been taught by the people around him and what he has curated himself. This is a wonderful self-reflective, educational book. In terms of multi-family housing investing, I think that there is no other book better than this one.
Pages: 189 | ASIN: B081ZPFJLZ