Knowledge is power. Welcome to the 21st century, a time when information has been made available to us through all kinds of channels; podcasts, books, magazines, seminars, movies, you name it.
Real estate, being the big investment that it is, has not been left out of the information era. There are hundreds of books that give insight on how to navigate the world of property investing. From the different investment types to portfolio management, real estate investing books offer a valuable source of research for an investor’s investment journey.
Because of the wide array of info that’s out there, it is not unlikely for you to come across falsified content. Hence it pays to be able to distinguish the good books from those that give downright bad advice. Which books contain content that’s worth your time and which are just fluff?
The following books have been written by authors who are some of the most established finance specialists, real estate executives and investors, and business gurus. With such a library, you’re assured to find the necessary insights you require to add value to your next deal.
- “Rich Dad Poor Dad: What the Rich Teach Their Kids About Money- That the Poor and Middle Class Do Not!”- Robert Kiyosaki
This is the ultimate book on the power and might of investing. M.r Kiyosaki does not really get into the specifics and details of investments and finances, rather makes some very powerful points on why investing and managing money is so important. The author’s candid and straightforward thinking make the book highly motivational and inspirational for anyone looking to make a name for themselves in the business world.
- “The Millionaire Real Estate Investor.”- Gary Keller
This book is a collection of experience and wisdom from over one hundred millionaire investors who attained financial wealth through different methods of investing. Initially, the book clarifies some common myths and misunderstandings that have in the past prevented people from making investments in real estate. It then describes the complete structure of an accomplished real estate business leaving the reader hyped on all the possibilities of investing if they just got started.
- “The EMyth: Why Most Small Businesses Don’t Work and What to Do About it”- Michael E. Gerber
Gerber’s enthusiasm to help failing businesses blossom into profit generating machines can be seen in the way that he has put together the words of this book. Some of the key points discussed in “The EMyth” include:
- Balancing your business personalities
- Creating a business instead of a job
- Working on your business instead of in it
- The idea of your business needing systems
- Your business is your product
- “Property Investing Secrets”- Rob Moore and Mark A. Homer
One thing you will notice when you read this book is that you can’t quite exhaust all the knowledge when it comes to property investing. There’s always something new to learn. “Property investing secrets” has been edited 4 times, with each edition being refreshed to reflect changes occurring in the property market as well as to provide lots of additional content. This is a must-read for anyone in real estate, whether you are looking to own property or invest.
- “The Book on Rental Property Investing”- Brandon Turner
Although he is speaking to the entire real estate community, Brandon Turner’s book covers a range of topics in rental property, indicating who his main target audience are; people who are keen on establishing rental properties. He goes on to talk about finding tenants, screening practices, even how you’re supposed to manage a rental property. If you add this rental property investing book to your library, rest assured you will refer to it throughout your career as a property owner.
- “What Every Real Estate Investor Needs to Know About Cash Flow.”-Frank Gallineli
Real estate investing has got its own language, one that you will quickly learn when you read this classic book. The author offers his audience depth and the necessary tools they need to ensure they’re properly looking into new opportunities and sustaining long-term profitability. While the book promotes habits that lead to success, it also helps you understand elements like Net Present Value, ROI, Cap Rate, Discounted Cash Flow, and more. With these insights, you’re able to better evaluate and keep track of your investments.
- “Real Estate Investing for Dummies”- Eric Tyson and Robert S. Griswold
As is evident in its title, “Real Estate Investing for Dummies” targets individuals with little previous background in real estate. As such, it takes readers through the full spectrum of property investment topics, right from financing and purchasing to legal considerations, renovations, and so on. Seeing as it addresses an apprentice audience, it is quite easy to read too.
The book offers most of what you need to get started and although you’re likely to outgrow it, it will never lose any of its value.
- “Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes”- Tom Wheelright
With today’s complicated tax laws, your library would not be complete without Tom Wheelright’s “Tax-Free Wealth”; a book whose main focus is to train readers to legally cut out all income taxes, so they can enjoy their tax-free wealth. The book may not be directly associated with real estate, but it does offer some key tax planning insights that you can use to reduce your taxes and make the most out of your property business.
- “The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss”- Ken McElroy
This is what Domenick Tiziano, founder of ‘Accidental Rental’ had to say when asked what book he’d recommend to investors:
“If you are thinking about investing in rentals, there is no better book out there in my opinion. Ken shows you not only the right way to value a property, but also how to manage it for maximum profit.” He adds, “I was struggling as a first-time landlord and losing thousands every year on an unprofitable rental. Ken’s book gave me the inspiration and know-how to turn my rental money pit into a cash-flow positive investment.
If you study his methods and follow his advice, you will profit from this book!”
- “Getting the Money: The Simple System for Getting Private Money for Your Real Estate Deals”- Susan Lassiter
It takes money to make property purchases. The whole point for this book is to provide you with a framework to acquire cash for your real estate deals. It is difficult to get the money for your first property leave alone your second. Most entrepreneurs have to borrow for their first property. And Susan Lassiter has made it clear how to get that money at the most favorable rates possible.
“Getting the Money” is an inspiring property financing book that uses the author’s primary experience in using ingenuity and a genuine personality to come up with millions of dollars for real estate investing.
When all’s said and done, knowledge is only potential wealth until it lands on the hands of somebody who knows how to get themselves to take effective action.