As for any industry, the real estate investment business requires knowledge and basic understanding in order to excel. Becoming a real estate investor is a thought that crossed many minds, but how to become a real estate investor is what young entrepreneurs need to focus on.
Most successful real estate investors didn’t begin their journey as full-time real estate investors; they began their journey at the bottom of the learning curve. If you’re wondering what the best method to learn about real estate is, the first step to learn about any matter is self-education. The best way to accomplish real estate education is through finding the best real estate investing books and absorbing them to educate yourself.
There is no magic formula to guide you on the method of how to make money in real estate, as it takes a whole lot of learning and a bundle of hustle to create a real estate investing portfolio.
To make matters less complicated in real estate investing for beginners, several websites and online forums deal with the topic of making money in real estate. However, we are recommending the good old-fashioned tool of learning: books. “Why books?” you might ask. Books offer an encompassing learning experience a lot more than what a bunch of articles and pop-up windows have to offer, which in turn creates a subtle flow of knowledge on any matter. Here are a few real estate investing books that a beginner real estate investor should get affiliated with before embarking on his/her real estate journey:
The Book on Rental Property Investing by Brandon Turner
This Amazon best seller in the real estate investments’ genre offers informative lessons and practical strategies that real estate investors have used all over the world to generate wealth. As the title states, the book focuses on rental property investing to generate wealth and how financing investment properties can affect the success of your investments.
Topics covered in the book:
- Easy strategies to jump-start your real estate career.
- Ways to generate revenue without manual labor on your behalf.
- How to make use of tax deductions for maximum profit.
- Methods for financing investment properties with different amounts of cash.
- Detailed introduction to investment property management.
Brandon Turner guides you through the process or evolution from an average employee to a full guide on how to start a real estate business. What makes this book a must-read for real estate investors is the amount of detail the writer goes into to get through to his readers to differentiate his book from other real estate investing books.
The Book on Flipping Houses by J Scott
Real state investor J Scott is an expert at fix-and-flips and goes straight to the point to get his idea through. Whether you are a newbie in the real estate business or a professional property investor, this book can be used as a hand manual for detecting a potentially lucrative deal through selling your fix-and-flip property for a profit.
Most important topics covered in the book:
- How to spot a lucrative opportunity and evaluate its profitability.
- How to find and hire the best contractors on a budget.
- How to sell the property and liquidate the equity as efficiently as possible.
This book is a must-read for real estate investors interested in fix-and-flips as it offers a detailed guide to a profitable investment.
What Every Real Estate Investor Needs to Know about Cash Flow by Frank Gallinelli
The author identifies the main key to success for real estate investors as financing and generating a sustainable cash flow through investing in real estate. What makes this book stand out more than other real estate investing books is using math as a practical tool to analyze numbers concerning your real estate property.
The following topics are addressed in the book with detail:
- Capitalization rate.
- Cash-on-cash return.
- Mortgage amortization.
- Net operating income.
If you are looking for straightforward ways to estimate the value of a potential real estate, this is the book to go to. The author goes deep into allocating real estate investing resources as the book advances in detail, from a simple to a more complex comprehensive knowledge of the topics.
From 0 to 130 Properties in 3.5 Years by Steve Mcknight
What distinguishes this book from other real estate investing books is the author’s journey from being an inexperienced real estate investor to achieving his financial dreams. The focus of the author is not only fixated on how to make money in real estate, but also on how to utilize positive cash flow properties to create a real estate investment portfolio.
The author goes into these topics with detail in the book:
- Creating a positive cash flow investment portfolio with minimal initial investment.
- A simple four-step process to find positive cash flow properties.
- Failures the author encountered and how to avoid them.
The author doesn’t shy away from using personal experiences in the book to clarify important aspects of his journey as most real estate investing books are lacking the personal emotions that tag along with buying investment properties. He also guides and encourages real estate investing for beginners through practical tips and strategic thinking.
The Challenge by Robert Allen
Mainstream real estate investing books are always straightforward and focus on the practicality of every financial decision taken by real estate investors. However, Robert Allen goes into all the messy details and the ups and downs of making money in real estate.
“The Challenge” goes into how anyone can create a real estate investment portfolio in only 3 months and save $5,000 in the bank. The book follows the journey of three unemployed people that try to accomplish the goal.
When comparing this book to other real estate investing books, it is clear that it brings something new to the table as it goes into detailed measures of how to start a real estate investment business. Real estate investing books usually focus on real estate investing from an angle. However, the author gives an all rounded impression of how buying an investment property works.
The real estate investment world is full of challenges that real estate investors must be familiar with before embarking on their journey. These real estate investing books offer great insight for both the experienced real estate professional and the beginner real estate investor.
There are thousands of real estate investing books available for purchase; these were our favorites. What are some of your favorites? Please let us know in the comments section below.
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