Real estate investing is one of the best ways to improve your portfolio. Real estate does not directly depend on the market so when stocks fall or rise, real estate investing will not affect that much and it’ll give you stability to your portfolio. There are many types of property investment and each method needs its own learnings or knowledge. In this article, we’ll tell you about some various books which will tell you the pros and cons of real estate investing before diving into it.
Real estate investing books can help you get an overview of the whole real estate industry – From how it works? How to make money by investing in it? The main question is which books are good or worth your time and which ones are just bluff?
This list will give you your answer, which one you should read and why.
best books on real estate investing
Here is the compiled list of best real estate investing books to tell you about real estate investing according to your requirement.
1. The Book on Rental Property Investing
By Brandon Turner
Overall this is the best book on this list written by Brandon Turner, he is a successful real estate investor and the vice president of a real estate investment company called Biggerpocekts.
This handy book helps you to understand everything you need to know about succeeding with rental investments. This also helps you to find out the biggest mistakes which real estate investors make and how to avoid them. It’s filled with actionable tips and simple strategies so that you can create and maintain wealth through income-generating by rental property investments.
2. Rich Dad Poor Dad
By Robert T. Kiyosaki
“Rich dad poor dad” is the best book on general investing. This book is for beginners who want a basic knowledge of investing and personal finance.
It is less about investing strategies and tips and more about how to make an investing mindset so that you can create a good portfolio and make a significant amount of passive income smartly.
Because most of the population is not financially literate and they know how to make money but they don’t money where to keep it or where to invest it. This book will help to get that financial knowledge before investing in your first deal.
2. The Book on Flipping Houses
By J Scott
If you are interested in flipping houses or you want to get started, you are at the right book option. J Scott is a professional house flipper, he has developed a successful business model and flipping system for finding exact properties to flip. Buying them at low prices and reselling them with good profit margins.
This book offers everything you need to know about flipping properties, From how to find a property to finding a potential market.
If you are interested in flipping properties one house at a time or want to build a full-scale house-flipping business, this book will definitely help you to get to your desired destination.
4. The Book on Tax Strategies for the Savvy Real Estate Investor
By Amanda Han and Matthew McFarland
Amanda Han and Matthew McFarland are both certified public accountants and they have put all their knowledge and expertise thoroughly in “The book on tax strategies”.
Just like every other investment, real estate investment has also a tax implication. There are lots of money a real estate investor can deduct just have to make sure that he is claiming every deduction an real estate investor is eligible for. Property investors should have reported the income he’s earnings from property investments.
5. The Book on Investing in Real Estate With No (and Low) Money Down
By Brandon Turner
This is another book by Brandon Turner and for some people, this could be the best book on this list because it teaches you real estate investing with no money down or low money. In real estate investing you need a significant amount of money unlike stocks, bonds, and mutual funds. Even if you are planning to develop the property with debt or finance the property acquisition, you still need a good amount of money to pay the down payments.
“The Book on Investing in Real Estate With No (and Low) Money Down” is for those who don’t have a large amount of cash reserve, it will give you a proper road map to do property investments with no money down.
You can do a partnership with individuals who have money to invest any many more ways are mentioned in this book.
6. What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures
By Frank Gallinelli
This could be the best book when it comes to managing cash flow. In the world of real estate, cash flow is the most important thing to think about and this thing often troubles the new investors.
There are lots of things that every investor needs to know and this book helps you to grab that knowledge, you can understand lots of important terms such as discounted cash flow, return on equity (ROE), and capitalization rate.
Real estates have a physical nature and often it makes it easy for investors to buy the wrong property because of its physical appearance. This book also helps a person to avoid making emotional decisions when investing in real estate. It’ll teach you to analyze the deal before acquiring the individual property.
7. Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties
By David Greene
Long-distance real estate investing is considered risky in investment. People think that they should only invest in their locality. It is a great book for an investor who lives in a locality that is not suitable for property investing or an investor who wants to widen their real estate investments nationwide.
David Greene mentioned that technology, rules, and markets have changed well enough so you can successfully invest anywhere.
David Greene, who has also a multi-million dollar property investment portfolio. All strategies which he has implemented from investing in over 20 rental properties have been mentioned in this book.