You’re reading this list because you are either starting out in real estate investing, or you’re thinking about it, either way, you want to get a leg up on your success but you aren’t sure how.
One of the best places to start is reading. Read as much as you can as often as you can. As I was writing I whittled this list down to a final seven - each has a slightly different approach and can teach you something new.
These books cover almost every aspect of what it means to be a real estate investor - and perhaps more important than the methods, the mindset of the successful. Some, cover the big pictures, others get down and dirty with the details giving you actionable tips and a place to start.
Real estate investing can be a great way to build wealth, and retire early. It can be a business in and of itself - or it can be side-hustle for a bit of extra cash. Whatever your goals, learning and understanding the basics along with your overall objectives is key.
So, without further ado here’s the know-how from the pros:
This book is enlightening for anyone who wants to become an entrepreneur. Whilst not necessarily about real estate investing it will completely change the way you view money and assets.
Robert Kiyosaki outlines the different ways people look at money and explains how you, as an entrepreneur and investor need to approach the very idea of wealth.
And as the author of this book, Robert Kiyosaki, made most of his fortune through real estate it’s a pretty good book for any6one wanting to get into real estate investing.
This book is all about the fundamentals. Whilst a lot of people often complain about books like this, arguing that the topics covered are too basic, I would argue that people need to remember the basics first before going off to look at more risky and glitzy forms of investment.
John Schaub is then a great place for people starting out with some very solid, down to earth advice that has worked for him for over four decades as a serial house flipper, landlord, and lender.
He covers an overall strategy for achieving financial independence with residential real estate, but he also gets into finding, financing, renting, and selling properties.
The main idea of the book is that you can build a fortune and do everything you want in life by investing in little real estate deals like single-family houses and small multi-units.
There is a reason that this book is sitting in Amazons #1 position in the real estate section. Brandon Turner has written a super practical and very actionable book - that will help pretty much any and every real estate investor.
A real strength of this book is Brandon Turner's ability to make complicated strategies easy to understand and act upon. He covers everything from finding, financing, closing and renting. Getting stuck in with the nitty-gritty of managing your investments to understanding the bigger picture and broader issues around cash flow and financing.
This book is focused on the smaller guys and beginners, making it a very useful resource for them - though less useful for bigger investors - those interested in 1,000s of properties for example.
This is a very interesting book that attempts to capture something of the essence that resides within the successful real estate investor. It does this through a number of means, but one of which is profiling successful real-life real estate investors. These examples show that it’s possible to become a millionaire in a variety of ways.
Author Gary Keller is the highly successful co-founder of Keller realty. He takes the knowledge he has gained over his career and breaks down every aspect of real-estate investing - sharing a variety of models that work and best practices.
This book doesn’t get to hung up on the finer details, focusing more on overall mindset and strategy.
Phil Pustejovsky outlines, step by step, how to be a real estate investor regardless of how much money you have, what your credit score looks like or what your experience level may be.
The goal of this book is to show you that anyone can be a real estate investor and success - you just need to get that first property under your belt and then keep ongoing.
This book was created for anyone looking for a simple to read, easy to follow yet powerful real estate investment guide for today's market.
Chad Carson has had some remarkable success carving out his success story over the last 15 years in the real estate industry. His aim was to become financially independent, to avoid the 9-5 grind. His book shares his methods, his experiences and aims to help find the best approach and real estate strategy for you and how to take action.
One of the best parts of the books is it’s very practical and actionable tips. You get clear instructions and learn how to apply those instructions in a positive manner.
Other than that he details a number of real real-estate early retiree profiles with details and facts about how they achieved their success.
This maybe isn’t the one-stop-shop for complete success, but it is certainly a really good place for you to start, and then fill in the gaps in your knowledge with some of the other books on this list.
Real estate investing just doesn’t make sense in some markets. Some locations provide incredible returns whilst in other places you’d be lucky to find a single property that would actually return a profit. On top of that, some areas appreciate - some simply don’t. One of the first rules of real estate investing is buying the ‘right’ property. But what if the right property for you is the other side of the country? Should you pass up the opportunity because the property is too far away to manage?
The answer, as David Greene explains in this book is, no. New technologies and markets mean the rules have changed. You can invest further and further afield - and if you put in place the right systems and processes for managing this investment - you use the right software and communicate with your team, then your out-of-state investment could be the best thing you ever do.
No book is going to give you complete working knowledge of how to become a successful real estate investor. There is simply no replacement for experience, which is something you are going to have to go get for yourself.
However, these 7 books are a great place to start and should give you the knowledge and confidence to gain the experience you need to succeed whilst avoiding common mistakes, and shorten your learning curve immensely!
What books would you recommend - leave a comment in the section below.
As the property owner, you’re responsible for non-compliance with snow removal ordinances, so it’s best if you make sure snow removal equipment is available. You may even find if you check the local bylaws that you are required to keep public thoroughfares that cross our property free from snow too...