Real estate investing is one of three paths to wealth.
The great advantage to real estate is it's intuitively straightforward to invest in and can provide inflation adjusting income you can never outlive.
Wealth via real estate is also one of the more accessible paths to wealth since you don't need a ton of money to get started.
The following real estate investing books will help you understand what makes a good deal, when it makes sense to buy, how to scale, and how to systematize your real estate business once you have a portfolio of properties.
This book is a must for beginners wondering how to break into buy-and-hold, single-family home real estate investing. By outlining the strategies he’s used to make purchases, Schaub addresses the most common questions, such as: How do you find a good deal? What properties provide the best return for the least amount of work? How do you find financing? No hype, just solid introductory education.
Most real estate investors are familiar with Brandon Turner and Bigger Pockets. This book is for those who are looking to use leverage in their real estate deals. Turner presents creative ideas on how to fund your purchase and what mindset you need to adopt to embrace these strategies.
While “Building Wealth One House at a Time” covers the framework for how to invest in real estate, it’s not very numbers-centric. That's where this book comes in. Gallinelli reviews all the important formulas that real estate investors must know in order to determine if a property is worth buying. He provides simple explanations and breaks down the jargon so math-phobics have nothing to fear.
Not a fan of the buy-and-hold approach? Scott, owner of 123Flip.com, provides a step-by-step system for flipping houses in this book. It’s intended for absolute beginners and guides you through the entire flip process with no nonsense in between. Scott is so serious about this being an educational book (rather than a fluffy motivational book) that he outlines the 20 steps you'll take upfront, and the actions you'll want to take while reading.
Published by NOLO Press, this guide will help DIYers navigate the sticky legal issues that scare most people away from real estate investing. You’ll learn what to do when a tenant doesn’t pay, breaks the lease early, or causes damage to the property. You’ll also discover proven methods to use when hiring a property manager. This is also a great book to grab if you’re an “accidental landlord,” or if you want to self-manage your properties.
This is a great book for beginners looking to invest in multi-family dwellings. It contains easy-to-understand concepts, dispels the common myths behind real estate investing, and seeks to educate you in every area, from building a team to crunching the numbers to finding partnerships. Ken McElroy, the author, has over 26 years of experience in the real estate industry.
Are you letting fear hold you back from becoming a real estate investor? This book provides the motivation and inspiration you need to get started. It includes advice from 100 real estate investors (including several quotes from yours truly, Todd Tresidder) who have made millions. The advice is divided into four categories: mindset, criteria, teams, and habits to develop. It's not recommended for those already set on purchasing property or those with deeper experience.
Butler self-managed 75 rental properties while working as a police officer full-time. His system for streamlining landlording is well-proven. Considering most people's first worry about real estate investing is managing tenants, you'll want to read this book for his advice. The book comes with a few downloadable forms. While there are some dated references, the systems themselves are timeless.
Fairless hosts a podcast by the same name where he interviews real estate investors to share insights from their experience, and much of that is shared in this book. You'll get case studies that feature real-life examples from real investors without any fluff. It's great for investors of any level.
More Recommended Reading Lists By Topic:
- Wealth Creation Books – Habitudes of The Wealthy
- Beginner Investing Books – Foundation & Asset Allocation
- Advanced Investing Books – Quantitative Investment Strategy
- Market History and Bubbles
- Copywriting & Marketing Books
- Early Retirement Books
- Personal Finance Books
- Productivity Books
- Business & Entrepreneur Books
- Writing Books