Whether you’re looking to start in real estate investing or an experienced investor who wants to build on what they know, there is a wide variety of books that will teach you the ins and outs of the industry. This list of the best books for real estate investing includes beginner guides to investing, real estate education through books, and informative texts by famous investors themselves.
Our selection criteria
To determine the best real estate investing books, we used a multi-pronged approach. We considered many factors when evaluating the books.
You are reading: Best Books For Real Estate Investing Review [ecis2023]
Sound Advice We searched for books that won’t cost you much money, whether on them or their investment properties. Wheeler and other top real estate book critics have confirmed that the books on our list offer reliable financial guidance.
We searched for experts investing who have a solid track record in the field, including a long-standing career, a strong position, and a history of success. Principals write all books of well-respected companies with large investment portfolios.
Average reader review: It’s impossible to please everyone. However, trends don’t lie, so we have all books with an average rating of close to five stars. We read pages of reviews from readers to get a better understanding of the ratings. To understand what readers liked and disliked about each book, we read both the best and the worst reviews.
Relevance. Investment strategies evolve with the times. We have selected books that are current and reflect today’s real estate investment climate.
Best Real Estate Investing Books To Read in 2022
It is one thing to read books, but how do you begin? It would help if you were successful as a new real estate investor. However, it can be challenging to sort through the many books available.
A list of books has been compiled to assist you in all aspects of real estate investment strategy, management, and oversight.
You’ll find the right insights to help you add value to your next deal from some of the best real estate executives and financiers, as well as financial experts and business operations gurus.
The Book on Rental Property Investing
How to Create Wealth with Intelligent Buy and Hold Real Estate Investing by Brandon Turner
Brandon Turner, a real-estate entrepreneur, is vice president of growth at BiggerPockets.com. The Book on Rental Property Investing, which he wrote, explains everything you need to make rental property investments a profitable way to generate cash flow. His book is intended to be a comprehensive and complete guide to large-scale real estate investment.
Real-world examples are used with a focus on practical strategies. The book also discusses the most common mistakes that rental property investors make and how to avoid them. This book is an excellent primer for property investing. It’s easy to read and will help you get started. This book is packed with straightforward strategies and practical tips to help you create and maintain wealth through income-generating rental properties investments.
The Millionaire Real Estate Investor
Best for Building Wealth
Gary Keller is a gifted writer who can provide insight and strategies into different aspects of the real estate industry. It’s one of the largest real estate franchises in the world by sales volume. To become a millionaire investor, you need to think like a millionaire. Interviews with over 100 millionaire real estate investors will show you how to do this.
It would be amazing to be able to invest in real property like a millionaire. The problem is that you don’t have the money to invest in property investments. This is the challenge that “The Millionaire Real Estate Investor” tackles. Gary Keller draws from the wisdom of over 100 millionaire real-estate investors who have pursued financial wealth and achieved it through real estate to create a guidebook for building wealth through property.
He talks about it even at the beginning of the book. He talks about how to create good criteria to identify great real estate investment opportunities, zero in on critical terms and pieces of transactions, and get the best deals when you are looking for deals or to put together a deal.
The Millionaire Real Estate Investor reveals the most common myths surrounding money and investing. It also explains how to identify the best real estate opportunities to make sure you are making the right decisions. Anyone can appreciate Keller’s strategies and methods. However, it is possible to make a living in real estate if you apply the principles.
Rich Dad, Poor Dad
Best on General Investing
“Rich Dad and Poor Dad” guides building and growing wealth through investing intangible assets such as small businesses and real estate. The book is rated as one of the most comprehensive and best books on investing and personal finance. However, there are critical lessons for real estate investors.
Rich Dad, Poor Dad, is less about specific strategies than developing a wealth mindset with real estate as the central point. The overall theme is to use real estate to earn passive income, so you can work smarter and not more challenging to build a portfolio that returns consistent returns. This book is an excellent resource for inspiration and motivation as you begin investing in real estate.
It’s for people who want to make significant changes in their lives and take control of their financial future because this is more of a how-to book. Rich Dad, Poor Dad, was more of a foundational book, laying out the principles and concepts and some of the definitions you need to know, such as a profit and loss statement, a balance sheet, how money flows, and all that.
The Book on Tax Strategies for the Savvy Real Estate Investor
Best on Real Estate Taxes
Real estate investing has the same tax implications as any other investment. As a real estate investor, many expenses can be deducted. However, the key to claiming all deductions is eligible. To avoid being in trouble with IRS, you must also report income from property investments.
Matthew McFarland and Amanda Han are both certified public accountants. They draw on their expertise to provide a comprehensive tax guide for real-estate investors in “The Book on Tax Strategies.” You can find information on depreciation and self-directed IRAs to help you buy real estate investments here. This book is a must-read if you want to learn strategies and tips for minimizing Uncle Sam’s liability on your real estate investments.
The Intelligent REIT Investor
Best for REIT Investors
REITs are a good option for real estate investors looking to take a more hands-off approach when investing in property. REITs are companies that invest in property. You get the benefits of the dividend income from those properties, without the hassles of dealing with tenants and being a landlord.
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The Intelligent REIT Investor outlines the fundamental concepts of REIT investing as a wealth-building strategy. The authors discuss choosing suitable REITs based on your investment goals, risk tolerance, and time horizon. This book will help you to get started if you are interested in adding REITs into your portfolio.
The Book on Managing Rental Properties
Brandon Turner also has the Book on Managing Rental Properties. This book is a proven method for managing your properties with less hassle and greater profits. This book is perfect for anyone who wants to do it themselves. This book is an excellent supplement to any property management course you might take, even if only one.
No matter how good you are at finding real estate deals, if you don’t manage your properties properly or well, you’re either wasting money or not maximizing your return. Brandon loves to tell you that being a landlord is fun. But only if it’s done right. Learning to manage tenants effectively will allow you more freedom, less drama, and higher profits in your real estate business.
The Book on Flipping Houses
How to Buy, Rehab, and Resell Residential Properties by J. Scott
Best for Flippers
J Scott’s book “The Book on Flipping Houses” will help you flip houses instead of playing the long game associated with renting properties. He is a professional flipper and has developed a system that allows him to find properties to flip, then rehab them before reselling them for maximum profit.
This book covers all aspects of flipping as an investment strategy in real estate, including assessing potential markets and getting financing to rehab properties. It also explains how to hire contractors and put the home on the real estate market.
This book will help you learn everything you need to know about house flipping, whether you are looking to turn one house at a time or build a large-scale business.
Scott simplifies the P&L numbers to a simple formula. The maximum price you can pay for the property is the amount you can sell it for, minus any rehab costs or fixed costs. This includes the profit you desire. Scott explains that fixed costs include taxes, insurance, and utilities. However, it is essential to consider other fixed costs such as closing costs and commissions for real estate agents.
How to Invest in Real Estate by Brandon Turner
You now know how to make your money work for yourself. How can you get more assets?
A book called How To Invest In Real Estate is the perfect introduction to investing in real estate. Brandon Turner, the founder of BiggerPockets, wrote it.
Josh and Brandon discuss various real estate investment strategies such as fix and flipping and wholesaling, BRRRR investing, and apartment investing.
Brandon and Josh offer practical real estate advice and strategies based on their own experiences, as well as the experiences of more than 300 guests to the BiggerPockets podcast. There is no other book that can better explain all the different ways you could invest in real estate.
What Every Real Estate Investor Needs to Know About Cash Flow
By Frank Gallineli
You might feel that real estate investing is a language unto itself. This book will help you understand Net Present Value, Discounted Cash Flow, and Cap Rate elements. It will also help you track and evaluate your investments.
This classic book has been updated to include new information and case studies based on recent real estate investments.
What Every Real Estate Investment Investor Should Know About Cash Flow provides depth, wisdom, and the tools to help you evaluate new opportunities and ensure long-term profitability. Gallineli, a Columbia University professor, will be a reference point throughout your real estate investing career.
Build a Rental Property Empire
By: Mark Ferguson and Lynda Pelissier
Mark Ferguson is a deep-rooted real estate investor and flipper with deep roots in the real estate industry. He also works as a real estate broker.
His diverse background and experience are brought to Build A Rental Property Empire: The No-nonsense Book on Finding Deals, Financing the Right Way, and Managing Wisely. He guides potential investors and investors through the industry to help them evaluate markets and overcome hurdles.
You’ll find practical advice and real-world case studies to help you start or grow your investment business. You’ll find real-world advice on topics such as property management, financing, and investment property analysis. This will help you make informed decisions in a range of real estate investment situations.
For those interested in this space, the latest edition also includes a section on Commercial Real Estate Investment.
Mastering the Art of Commercial Real Estate Investing
Best on Commercial Real Estate
Commercial real property is very different from residential real estate. Instead of investing in single-family homes, vacation rentals, or properties with only one tenant, you can invest in office space, distribution centers, and data centers. These facilities can also be used for public storage. Multifamily apartments buildings can house dozens, or even hundreds, of tenants. Commercial real estate has a high return potential, but there are risks.
Mastering the Art of Commercial Real Estate Investing explains the basics of commercial real estate investment using six real estate investing laws intended to maximize profitability. Doug Marshall, an author of “Mastering the Art of Commercial Real Estate Investing,” explains when to purchase commercial real estate and when it is better to pass. He also explains how to position an investment to maximize cash flow in the long term.
Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals
Okay. Again, you can think of it as a guide. There’s much he covers in the book. But he begins with why real estate investors fail and how to avoid them. He then discusses four simple strategies to build your real estate portfolio. These include creative tips for finding deals and how to avoid property management. We all love practical ideas about financing.
Those rentals. There are some limitations, but it is cheaper than conventional loans. It also offers advice on how to preserve your wealth by deferring or eliminating taxes. This information, while not a large part of the book but something we will discuss here last but not least, is essential. Ken McElroy’s Advanced guide to real estate investing: How to identify the most lucrative markets and secure the best deals were also included.
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If you are interested in investing in real estate, you might have noticed that it isn’t covered very often. The mainstream media tends to focus on stocks, bonds, mutual funds, and other similar topics. They don’t talk much about real estate investing. It is all about homeownership.
Even when they discuss it, it’s always like, Oh, this one, nebulous Bob, which they refer to as the housing market. But they don’t talk much about specific markets unless they’re on your local news channel. This is because most of their advertising revenue comes from the same companies that provide mainstream media, those channels that offer financial services, advertising, and all the stuff.
Raising Private Capital
By Matt Faircloth
Matt Faircloth provides financial advice to novice and experienced investors in Raising private capital: Building your real estate empire using other people’s money. This includes information on sources of private financing, equity deals, and structuring debt. Faircloth has helped to complete more than $30,000,000 in private capital transactions. He brings accurate advice.
Faircloth’s advice covers not only how to get private capital but also how to make sure that both the investor and the financier have win-win results to keep the cash flowing.
His financial advice is focused on long-term investments and wealth-building. He also offers practical steps that will help you make more deals using private capital power.
Long-Distance Real Estate Investing
By David Greene
Many real estate investors don’t believe that a buy-and-hold strategy works in their local market. David Greene’s Long-Distance Real Estate Investing: How To Buy, Rehab, and Manage Out-of-State Rental Properties provides strategies to help you invest in profitable and favorable markets, wherever they may be located while managing risk and ensuring oversight.
Greene shares his real-world experience buying, managing, and flipping properties, often without ever having to see them in person. He shares tips for building a management team, identifying great markets and properties, and controlling renovation and rehab costs.
David Green, a real estate investor, and a police officer share the multi-million dollar portfolio he has built by buying, managing, and flipping out-state properties. Keep that in mind as you read the book. However, he shares tips and tricks that he has learned along his journey of real estate investing.
The bottom line of this book and what I love to talk about is that you shouldn’t let your geographic location limit your financial freedom. Learn how to succeed no matter where you live or where you invest. Choose the right markets, neighborhoods, and properties, and have the right team to help you. This will either be a secret or a formula for your success.
The Richest Man in Babylon
by George Samuel Clason
The Wealthiest Man in Babylon focuses on a powerful personal finance principle, paying yourself first. George S. Clason, the author, walks you through some simple stories that will help you understand how to pay off debt and still make your payments.
Clason continues to stress that saving money for its own sake is not enough. To invest, you must save.
Once you have gotten rid of all your debt and started to pay yourself first, it is time to start investing your savings. This brings us to the next chapter…
Building Wealth One House at a Time by John Schaub
John Schaub is a real estate investing’s Warren Buffett. His solid, down-to-earth advice comes from over four decades of experience as a lender, landlord, and house flipper.
Some people find investing in books too simple. Those same people often ignore fundamentals while searching for glitzy, more complicated concepts that are–supposedly–“better.” But Building Wealth One House at a Time is all about the fundamentals. Schaub provides a detailed strategy to achieve financial independence through residential real estate. This includes finding, financing, renting, and selling properties.
Schaub shows you how to make a fortune investing in small real estate deals such as single-family houses or multi-units.
He also talks about real estate appreciation and how it could make you wealthy. Be cautious when relying on appreciation in your real estate appraisal. Appreciation can be unpredictable and hard to predict.
Another way to save money is to use other methods John mentions, such as cash flow and amortization loans. Your deal should not be affected by appreciation.
The ABCs of Property Management: What You Need to Know to Maximize Your Money Now
Ken didn’t expect the level of appreciation we would see over the past two, three years. It kind of compounds what he is talking about. Next is the section on property management. Ken also wrote another book on the subject, as this was where he started his career in real estate as a property manager.
So his book is ABCs of Property Management, what you need to know to maximize your money now. As you begin to invest and build your portfolio, the question is, “How are you going make it as profitable?” How can you maximize your portfolio’s potential and increase its value? He has one word for it: management.
The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits, Most Investors Miss
The ABCs of Real Estate Investing is part of the Rich Dad Advisors series. It focuses on large-scale investments in commercial properties such as multifamily homes and apartment complexes. The book was written by Ken McElroy (principal and co-partner at MC Companies), full-service property management and real estate investment group. It provides a simple guide for locating and estimating multifamily properties.
Wheeler, a top agent, says this chapter is essential because it helps new investors focus on the numbers rather than emotions when buying their first property. He emphasizes the importance of cash flow and says, “Don’t spend more than you can bring in.”
Conclusion
It is one thing to read books, but how do you begin? It would help if you were a successful real estate investor. However, it can be challenging to sort through the many books available. It can be hard to find a good book on real estate, especially if it is not something you have read. Another thing to remember is that you can also get the audiobook version of almost all, if not all, of the books I have on my list.
Thanks for reading this article, and I hope it helped you figure out what books to read for real estate investing.
Read more:
- Best Investing Books Of All Time In 2022: Top Pick
- Best Business Books Of All Time 2022: Top Pick
- Best Stock Market Books Of All Time: Top Pick Of 2022
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