If you are serious about investing in or growing your real estate portfolio, there can be nothing better then to expand your knowledge to understand the game a little bit better. This doesn’t mean that you need to become a real estate agent yourself, but the more you know, the better equipped you will be to deal with the professionals you will encounter along the way and understand the actions that you will need to take to grow your investments in future. Included below is a top 10 list of the best real estate investment books in the market right now.
1. The Book on Rental Property Investing by Brandon Turner
Written by co-host of the BiggerPockets Real Estate Podcast Brandon Turner, this book contains in-depth advice and strategies for building wealth through rental properties. The book walks you through how to build an achievable plan, find deals, and pay for your rentals. This one is a must-read if you’ve ever thought of using rental properties to build wealth.
2. What Every Real Estate Investor Needs to Know About Cash Flow, Updated Edition by Frank Gallinelli
It’s tough to invest if you don’t understand what the numbers are telling you. That’s where Frank Gallinelli’s book comes in handy. This book includes the basic financial information real estate investors need to understand, including how to calculate cash flow, long-term gain, and net operating income. It is a guide to the most essential calculations to help you get the answers to questions such as “What is this particular building really worth today?” “What kind of cash flow can I expect from this investment” “How do I calculate my return?” and, perhaps most importantly “Is this a good investment?”
3. Investing in Real Estate by Gary Eldred
Investing in Real Estate was first published in 2009 and has since gone through numerous editions due to its popularity. It is one of the bestselling real estate investing guides in the industry. Investing in Real Estate shows investors how to intelligently build wealth through real estate. Steering clear of the hyped-up “no cash, no credit, no problem” promises, this book provides sound, real-world advice and instruction to show you how to invest profitably, safely, and reliably as you navigate the risks and opportunities of today’s market. This book covers a wide variety of real estate investing topics, including how to find, negotiate, finance, lease out, and manage your property acquisitions and how to add value to nearly any property. Though this book is rooted in the United States’ real estate market, it still provides a wealth of information applicable to all countries, including an overview of how to profit from property cycles.
4. Confessions of a Real Estate Entrepreneur by James Randel
Confessions of a Real Estate Entrepreneur focuses on investments in commercial real estate and, most particularly, in how you can add value to any property you acquire. It includes valuable strategies on how to perform due diligence and research properties and use financing to maximize your buying power, along with detailed overviews of important legal terms, issues and conditions. Randel also shares his “thirteen vital skills for real estate success,” all rooted in real-life examples. A must-read for any investor interested in commercial real estate.
5. The Real Estate Game by William Poorvu
The Real Estate Game is a clear and comprehensive guide on how variables come together to influence the shape and outcome of a real estate deal. Poorvu explains the time frame for different kinds of real estate investments and shares the key “periods of play” in the real estate game that result in financial implications to a potential deal. Poorvu shares techniques that will help readers interested in a broad range of real estate investing, from direct investments, syndicates and REITs, all the way across a number of different property types. Like Confessions of a Real Estate Entrepreneur, The Real Estate Game ultimately focuses on how investors can create value to lead to a positive return.
6. The Real Book of Real Estate by Robert Kiyosaki
Robert Kiyosaki’s Rich Dad, Poor Dad was the first book to spark my interest in real estate investing. It is no surprise that his book, The Real Book of Real Estate, should then find its way onto my list. The Real Book of Real Estate offers advice and techniques to help investors navigate the real estate market, including advice on how to value property, handle leases, manage tenant relationships, and get financing.
7. The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
The title of this book is an apt summary of what Berges is writing about: Buying and Selling Apartment Buildings. Written for real estate investors of all stages, this book aims to help readers map out their futures, find apartment buildings at fair prices, finance their purchases, and manage their properties. The latest version also includes tax planning advice and sample forms to help investors with their paperwork.
8. Hold by Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack
Hold focuses on a five-step process to use real estate to achieve financial wealth:
- Finding the right property for the right terms at the right price
- Analyzing offers to make sure numbers and terms make sense
- Buying investment properties in a way that makes you money as you go in
- Managing properties until they are paid for or until you have a large amount of equity to leverage; and
- Growing your way to wealth and financial freedom
9. The Millionaire Real Estate Investor by Gary Keller
The Millionaire Real Estate Investor aims to share the fundamental truths and models that drive real estate investing. It reveals myths about money and investing that hold people back and how to develop the mindset of a millionaire investor. It also includes information on how to develop sound criteria for identifying great real estate investment opportunities, how to zero in on the key terms of transactions to achieve the best possible deal for you, and how to develop the team that will help you build a millionaire investment business. The Millionaire Real Estate Investor includes models and strategies of hundreds of real-life millionaire investors, including how they track their net worth, understand their finances, build their network, lead generate for properties and finally acquire them – valuable information for any budding or experienced real estate investor looking to learn more.
10. The ABCs of Real Estate Investing by Ken McElroy
The ABCs of Real Estate Investing teaches readers how to: achieve wealth and cash flow through real estate; find property with potential; unlock myths that are holding you back; negotiate deals based on numbers; evaluate properties and purchase prices; and increase your income through proven property management tools.
Do you have a favourite real estate investing book or one that’s helped you in your real estate investing journey? Have you read any of the books mentioned above? Be sure to share your thoughts and feedback in the comments below.