Best Books To Read Before Starting In Real Estate
Becoming a real estate investor is not as easy as it may seem. To become successful, you need to avoid the mistakes made by most beginner real estate investors. One of the best ways to improve your chances of success is to learn real estate by reading books.
However, there is plenty of bad information on investing in real estate out there. But this should not stop you from trying to gain real estate knowledge.
If you invest in good real estate investing books, you could learn useful real estate investment strategies that will take your real estate career to the next level.
There are different ways to invest in real estate—from real estate investment trusts to turnkey properties to multifamily rentals—and each has its own nuances to learn.
Reading books about real estate investing is one way to learn the ins and outs before diving in.
Real estate investing books can offer a general overview of how to navigate property investing or drill down to the specifics of different investment types.
But which books are worth your time and which ones are just fluff? As you build your library of real estate investing books, here are the best options to help you navigate every stage of your property investing journey.
In this article, we’ll provide a comprehensive list of our top 10 best real estate investing books of all time.
The article includes, a brief summary of each book.Become an expert by learning from the best.
Below is a list of the best real estate books to read in 2020:
Best Real Estate Investing Books of 2020
1. The Millionaire Real Estate Investor by Gary Keller
This is one of the best real estate books for investors looking to learn how to start buying and managing real estate investments.
Not only does the author provide detailed practical advice for achieving success but the book also includes some real-life stories of real estate investors.
This makes it more relatable. Gary Keller, who struggled to find the best people to do business with, provides invaluable advice on how to develop your dream real estate investing team and much more.
The book is written in a style that is easy to follow and understand.
2. The Book On Investing In Real Estate
Most beginners think that you need a lot of capital to get into real estate investing. The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner will teach you how to get into real estate investing with very little money.
With ideas from investors who use creativity to create a successful empire, you will discover that you too can make it. It also brings to focus the mistakes and downsides of creative investing.
You will also learn the top strategies to apply and steer you business to where you envision.
One of the best books on real estate investing, it is a collection of numerous different strategies to help you be able to handle whatever deal comes your way.
3. Long-Distance Real Estate Investing by David Greene
This book by David Greene is just for you. It is one of the best books on real estate investing. He shares his tricks on how to setup and grow your business anywhere and build a lucrative team relationship wherever they are.
Apart from that, you will acquire market analysis skills and relevant hiring and buying basics.
David shares every tip, trick, and system he has put in place while buying and rehabbing over twenty rental properties so you can avoid making mistakes and shorten your learning curve immensely!
4. The Book on Rental Property Investing
Brandon Turner wrote “The Book on Rental Property Investing,” and this handy guide explains everything you need to know about succeeding with rental investments as a means of generating cash flow.
It also outlines the biggest mistakes rental property investors make and how to avoid them. If you’re looking for a primer to rental property investing that’s suited to beginners, this book can help position you to get ahead.
This book contains nearly 400 pages of in-depth advice and strategies for building wealth through rental properties.
You’ll learn how to build an achievable plan, find incredible deals, pay for your rentals, and much, more more! Real estate investing will never again be the same!
If you’ve ever thought of using rental properties to build wealth or obtain financial freedom, this book is a “must-read.”
5. One Rental At A Time
This is also another of the best real estate books focusing on rental investing. The author provides valuable insight on how to build wealth one rental property at a time. If you are looking to begin building your rental portfolio in 2020, this is a solid read to consider.
A book that is written in a concise manner to highlight several points or philosophies from Michael’s own experience – not a long running self applauding “look how great I am” tomb.
An honest approach to a long term goal in an up front and tell it like it is manner -that’s refreshing!
Makes me ask myself some tough questions and should do the same for any that read this book!
Valuable resource for any direction you ultimately decide to go!
6. Mastering the Art of Commercial Real Estate Investing
“Mastering the Art of Commercial Real Estate Investing” explains the basics of investing in commercial real estate, using six specific laws of real estate investing that are designed to promote maximum profitability.
Author Doug Marshall explains how to determine when the timing is right to buy a commercial property and when it makes sense to take a pass on a deal, as well as how to position an investment for optimal cash flow over the long term.
With over 35 years of commercial real estate experience, including a decade of personally investing in rental properties, real estate finance and investment expert Doug Marshall has explored every aspect of the commercial real estate process. Now, he’s sharing his knowledge to show readers how to add to or even replace their current income with commercial real estate investments.
7. Rich Dad Poor Dad
If you haven’t read this popular book by Robert Kiyosaki already, you should definitely consider reading it in 2020! It is one of the best books for real estate beginners.
The author provides very useful knowledge on the basics of personal finance and investing. Most first-time real estate investors are financially illiterate and follow advice from their parents and society, which is often misleading. This book will give you the basic knowledge you need before you make your first investment.
It’s less about specific strategies and more about how to develop a wealth mindset that includes real estate as a focal point. The overarching theme is using real estate to generate passive income so that you’re working smarter, not harder, to build a portfolio that produces consistent returns. If you’re looking for motivation and inspiration as you ease into real estate investing, this book offers plenty of both.
8. The Book on Flipping Houses
If you’re interested in flipping houses as opposed to playing the long game that’s usually associated with owning rental properties, you’ll want to check out J Scott’s “The Book on Flipping Houses.”
As a professional flipper, he’s developed a very successful system for finding properties to flip, rehabbing them without eating into his profit margin, and reselling them for maximum gain.
If you don’t want to invest in long-term rentals and are looking to get into the house flipping business, you will want to check out this book to learn more about the topic. The author, a professional flipper, teaches how to find properties to flip, rehabbing them cost-effectively, and selling them for maximum profit.
9. “Trump: The Art of the Deal”
“The Art of the Deal” discusses how Trump runs his businesses as well as his life. His unconventional thinking and “think big” mindset is illustrated through a list of common factors contributing to his greatest accomplishments.
If you want to make your real estate business successful, you need to consider all the essential models driving the best in the business.
With rich information collected from decades of experience, here is Trump in action—how he runs his organization and how he runs his life—as he meets the people he needs to meet, chats with family and friends, clashes with enemies, and challenges conventional thinking. It is considered by many as one of the best books on real estate investing.
10. The ABCs of Real Estate Investing
If you’re just entering the world of real estate investing, opt for “The ABCs of Real Estate Investing” by Ken McElroy. As the title of the book suggests, you’ll learn basics like how to achieve wealth through real estate, ways to find and evaluate properties, negotiating deals, how to increase income through property management tools, and much more. McElroy himself has over 26 years of senior-level experience in multifamily asset and property management.
Even more, reviewers agree that this is a great starter book, praising how informative and easy-to-read it is for first-time investors.
Fantastic briefer into real estate. This book on real estate investing, gives you a lot to think about and is very helpful in understanding how to view real estate investing as a full-time business.
It’s the definitive guide that will teach you how to find property, evaluate its worth, negotiate the deal and make money in the process.