As 2020 begins, one of your New Year resolutions might be to begin building a real estate empire. It is true that real estate investing has created more millionaires than any other asset class. However, that doesn’t mean you will be a millionaire too if you get into real estate. In fact, most of the people who get into real estate never make it past their first investment property. Others even end up suffering huge losses.
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. Here is a list of the best real estate books to read in 2020:
The Best Real Estate Books 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. Build a Rental Property Empire: The No-Nonsense Book on Finding Deals and Getting Financing by Mark Ferguson
Published not too long ago, this is also among the best real estate investment books for those who want to focus on rental properties. Mark Ferguson, a realtor and a real estate investor, share’s his experience investing in rental properties. He provides useful tips on how to find good real estate deals and getting real estate financing.
3. One Rental at a Time: The Journey to Financial Independence Through Real Estate by Michael Zuber
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.
4. The Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate Investing by Than Merrill
If you are wondering how to get started in real estate investing with little to no money and experience, wholesaling real estate is a lucrative option. The author takes you through how to make money in real estate with this real estate investment strategy. He teaches a simple business model that can be successfully used in today’s real estate market. If you are interested in real estate wholesaling in 2020, this is one of the best real estate books to help you get started.
5. The Book on Rental Property Investing: How to Create Wealth and Passive Income by Brandon Turner
Buying residential real estate is the most popular real estate investment strategy. However, it comes with its share of risks and headaches. This is one of the best real estate books written for those aspiring to build wealth with rental property. The 400-page book gives real estate investors a lot of insight on rental property investing from finding investment properties and good tenants to avoiding the common mistakes made by most investors.
6. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki
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.
7. The Book on Investing with No (and Low) Money Down: Real-Life Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner
Many people are thinking of getting into real estate investing but lack enough capital to get started. If you are wondering how to buy a rental property with no money down, this is one of the best books on real estate investing you should consider reading in 2020. The book touches on how people can invest in real estate with no money down and how to combine different investing techniques. It is a basic guide for teaching new real estate investors the concept of borrowing for real estate investing.
8. The Book on Flipping Houses by J Scott
J Scott’s book is one of the best real estate books for house flippers. 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. What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli
This real estate book is about the numbers, which is key to success in real estate. It is among the best real estate books to read in 2020 if you want to learn how to analyze real estate deals. The author covers the general concepts of deal analysis as well as the important formulas that investors should know.
Take what you learn from this book and apply it using a real estate investment calculator!
10. Landlording on Autopilot by Mike Butler
This book provides landlords with property management ideas and systems, especially for single-family houses. If you want to avoid the work that comes with owning a rental property, this is one of the best books to consider reading in 2020.
The Bottom Line
Learning real estate investing is key to preventing loss and growing your real estate empire. As we get into 2020, make sure you read good real estate books to improve your knowledge. The above are some of the best real estate books you should consider reading. However, real estate books are not the only way to gain real estate knowledge. There are many other options such as videos, seminars, podcasts, and courses. And anyone can learn about real estate with Mashvisor’s real estate investment blog for free!