Real estate education is a key part of making money in real estate. It is hard to succeed in real estate investing if you don’t have the necessary real estate skills. Even though learning from real-life experience is invaluable, you may make a lot of unnecessary mistakes that can kill your career. You are more likely to succeed if you learn real estate investing from other successful real estate investors that have been there and done it.
Fortunately, many successful real estate investors have been generous enough to share their inspiring stories by writing books. If you visit your local bookstore or search online, you are likely to be overwhelmed by the many real estate investment books available. However, not all real estate investing books are the same. Some are better than others.
Here is a list of the best books on real estate investing to read in 2019. These books will offer you valuable advice on how to be successful in this industry.
1. Building Wealth One House at a Time by John W. Schaub
John’s book has a solid 9-step program that teaches beginner real estate investors how to build wealth by acquiring million dollar assets without accumulating a lot of debt. His philosophy is quite simple. It involves buying one house at a time to create cash flow for retirement.
The author walks you through the step by step process on how to find investment property and how to finance them. You will gain insight on how to finance investment properties without a loan from the bank. In detail, he explains how you can buy these houses with owner carry back financing. He also outlines other techniques for acquiring real estate. He explains extensively what is needed to be a good landlord and the whole renting process. The author also advises on how to avoid the common traps and pitfalls of investing in property.
2. The Book on Flipping Houses by J Scott
This awesome book by J Scott is also one of the best books on real estate investing. J Scott, a well-known professional house flipping expert, focuses on the concept of house flipping. He teaches the ins and outs of buying, rehabbing, and reselling residential real estate for a profit.
Fixing and flipping residential properties is no easy task. However, J Scott has written one of the best real estate investing books on flipping houses to help you out. Even if you are a total newbie to the concept, this book will be very resourceful. The book covers the entire process of house flipping, including how to find and evaluate competitive offers from motivated sellers, financing without cash and bad credit, budgeting and scheduling, how to hire the best contractors, etc.
3. The Book on Rental Property Investing by Brandon Turner
This is also one of the best books on real estate investing when it comes to investing in rental properties. The author focuses on how to create wealth and passive income through buy and hold real estate investing. He addresses everything you need to know to begin and grow your rental property business.
The author starts with the reasons why you should invest in rental properties. He then goes on to outline the five keys to rental property success. He touches on how to find good rental properties, financing, negotiation, the due diligence process, rental property management, increasing cash flow, etc. He also gives us sample plans and explains the ten members that should be in your real estate team. If you are looking for the best real estate books on how to build cash flow with rental properties, you need to consider this book.
4. The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
This is one of the best books on real estate investing if you want to learn how to invest in real estate with little or no money. Brandon Turner challenges the notion that you can’t be a real estate investor with little or no capital. Having no cash should never be a deterrent. He gives several real-life strategies for investing in real estate using other people’s money that can be applied creatively. Creative real estate investing is suitable for beginner real estate investors since they can leverage money from other people to buy investment property. The book also talks about the drawbacks of creative real estate investing and how to mitigate them.
5. The ABCs of Real Estate Investing by Ken McElroy
Another one on our list of the best books on real estate investing to read in 2019 is by Ken McElroy. It is an excellent briefer into real estate and how to achieve financial independence through passive income. This real estate investment book will help you understand how to approach real estate investing as a full-time business. It is a good guide on finding investment property, evaluating its worth, negotiating the deal, managing the property and making a profit in the process. McElroy also tries to dissipate myths about real estate investing that often keep many people from getting started. Whether you are a beginner real estate investor or an expert, this book is full of valuable insights.
6. The Millionaire Real Estate Investor by Gary Keller
Gary Keller is also an author of one of the best books on real estate investing. He is a very successful real estate agent, brokerage executive, and investor. With valuable advice from more than 100 millionaire real estate investors, the book can help you learn how to make money through real estate investing and become a millionaire.
The book goes through the mindset you need to be successful in real estate investing. Unlike many real estate investment books that promise you will become rich quickly, this book focuses on patience and perseverance. It breaks down the business processes and systems that an investor can use to invest in real estate.
The Bottom Line
Before you buy your first investment property, you will want to arm yourself with enough knowledge to prevent loss of money. We have gone through some of the best books on real estate investing that will help you learn how to get rich in real estate.
Any of these will help you learn real estate investing for beginners or even teach you new real estate investment strategies to grow your business. However, not everyone is a fan of reading books. Do not worry! Mashvisor’s real estate investment blog is a free alternative that you can use.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.