It’s no secret that investing in real estate presents a strong strategy for building wealth. By finding the right opportunities at the right time, stakeholders can build a solid pathway towards long-lasting passive income.
However, new investors may find themselves incredibly overwhelmed by how the process works. Reading real estate investing books can provide a starting point and also provide continual learning for years to come.
Which books should you start by reading? Here are the seven best books on real estate investing.
Although it may not be considered a traditional real estate investing book, many financial leaders recommend all first-time investors stop and read this business classic. Through the lens of his personal experiences growing up, Kiyosaki explores the lessons learned from his father and the father of a friend: the titular “rich father.”
By re-thinking the approach to money, Kiyosaki gives readers a solid foundation on how to start their own investment journey. Often cited as one of the best personal finance books of all time, this read gives everyone the knowledge and mindset to create passive income opportunities and earns a place on the list of best books on real estate investing.
When it comes to real estate authors, Brandon Turner is among the most respected. “How to Invest in Real Estate” is unilaterally considered one of the best real estate books available in print today. It gives readers a deep understanding of the fundamentals of using real estate as an asset.
In his real estate investing book, Turner goes in depth on how to create a sustainable strategy for adding properties to your investment portfolio, finding deals through real estate foreclosures and other sources, and using them to create sustainable profit.
Turner has also written two follow-up books talking about specific investment scenarios, which are equally considered among the best real estate books. His two other volumes include a book on investing with little or no money down and investing in rental properties.
One of the best books on real estate investing comes from someone who made his entire living through buying and selling properties. “The Millionaire Real Estate Investor” was written by Gary Keller, best known as one of the founders of Keller Williams Real Estate. His book is written based on the advice of over 100 millionaire property investors, giving new investors a wealth of knowledge to get started on their journey.
In this must-read real estate investing book, Keller covers many of the basics of investing in properties. His writing includes debunking myths about buying properties, developing a plan to find solid real estate investments, and how to develop a long-term strategy towards success. Anyone who is just getting started looking at real estate auctions for investment opportunities would be well served reading Keller’s wealth of knowledge.
At the end of the day, real estate investing comes down to numbers. Investors spend plenty of time studying capitalization rate and projecting cash-on-cash returns to sort out good opportunities from questionable ones and how to find opportunities that work for their goals. Gallinelli’s book is all about tracking cash flow and building passive income, making it one of the best real estate investing books out there.
In this book, the author shows readers the math on determining property value and the returns it could yield over time. The latest addition includes multiple case studies, providing several solid learning opportunities readers can apply to their deals. Because of its practical approach to using calculations when evaluating homes for sale, Gallinelli’s book is a must-read among real estate investing books.
Having accomplished thousands of profitable real estate investments throughout his career, Phil Pustejovsky is among the most trusted voices in the industry. His tome – considered by many to be one of the best books on real estate investing – gives new investors the confidence and knowledge they need to get started buying properties to grow wealth.
Regardless of your starting capital, credit score, or investing experience, Pustejovsky takes readers behind the curtain to show how he got started. He shares with readers how they can follow his footsteps. The book helps future investors identify short sale opportunities and how to get lenders on board, competing on bank-owned homes and finishing the deal with cash, and using creativity to build a real estate empire. The life advice and strategic thinking skills developed from this read makes it a star among the best books on real estate investing.
Investors who plan on holding onto homes to earn long-term passive income through renting would be well served by reading John Schaub’s real estate investing book. Taking lessons from the “Great Recession” of 2008, Shaub teaches new investors how to manage properties in an ethical and sustainable fashion.
What makes this one of the best books on real estate investing rests in Shaub’s nine-step approach to finding properties, buying and financing them, and ultimately managing them with renters in place. Taking real estate cycles and negotiation techniques into account, the author gives readers inside information they would be hard-pressed to find anywhere else.
Not all properties are meant to build passive income as a rental home. Instead, some purchases are made with the intention of renovating them and ultimately selling the real estate to a new buyer. For those who want to “flip” homes, Scott’s is one of the best books on real estate investing.
Based on his own experiences buying houses to renovate and sell, Scott’s book helps investors identify opportunities, finance the purchase and renovations, and ultimately sell them at a profit. Presenting a step-by-step plan to succeed, anyone who wants to buy real estate to sell should pick up this real estate investing book.
Getting Started in Real Estate Investing
While getting started in real estate investing can feel like a complicated process, knowing how to identify opportunities and turn them into a cornerstone of wealth gives you an advantage. By reading these best books on real estate investing, you can create your own passive income plan, resulting in long-term gains from smart purchases.