Best real estate books that you should read
Part of excelling in real estate industry is learning tricks of the trade from the best. Luckily, there are very successful investors who shared their experiences by writing some of the best real estate books.
Books vs. Online resources
Holding a book in your hand will ensure commitment and focus that ads and pop-ups would take away from reading online. There is also a temptation to check your e-mail or social media, so it’s easier to just avoid it.
Keeping your book on a shelf can remind you of the ideas you learned from it when you walk by. It’s also satisfactory to be able to underline, circle and highlight information you find important. Being able to make notes in margins will also help you memorize the useful tips.
So, if you share our passion for reading inspiring investing books, you will love this article. Below we’ve listed some of the best real estate books for beginners.
This book covers topics on financing, general principles and strategies, deal negotiation skills and the basics of deal analysis, property management, and legal contracts.
John Schaub is one of the best to learn from. Not only has he written several great books, he also teaches classes in person. He has been in the real estate realm for 35 years as a landlord, a lender, and a house flipper.
Schaub’s book may surprise you with his solid, down-to-earth advice that underlines the importance of the fundamentals. He argues that you can build your wealth by investing in smaller real estates, such as single family houses. It’s a ‘how to get rich in real estate’ book that shows focusing on basics, rather than going for grandiose and complicated solutions, can eventually get you a fortune.
Even though it was written in 1987, the topics covered in this book are still relevant. Although some may not agree with Trump’s politics, it’s undeniable that his skills in real estate investing industry are superb.
In this book, you will find some rather entertaining and capturing descriptions of real-life negotiations and behind-the-scenes situations. It gives the reader advice on effective negotiations, making deals with contractors, and searching for the right locations. It is one of the top real estate books that provide the readers with quite practical tips.
Domenick Tiziano (Buy & Hold Investor, AccidentalRental.com) wrote about this book that, apart from saving his business, it also saved his marriage. “I started out investing when I turned my condo into a rental during the height of the great recession. But when the time came that I had to move out of the country, I couldn’t sell the house. It was frustrating losing well over a thousand dollars each month and I had to do something to turn it around! Ken’s book was so thorough and so inspirational; it helped me turn a negative cash flow into a positive one by finding ways to grow net rental income.”
This is a rental property book and one of the best books on real estate investing. It contains useful examples of how raising rents leads to a higher profit. Regardless of the investor’s level, this book will be of great help.
What sets this book apart from others is that it follows a story of 3 individuals, from the unemployment to becoming successful real estate entrepreneurs. It describes the whole process that started when they took a course, which enabled them to earn first $5,000 through the deals.
This inspirational book captures the fluctuations these people went through on their journey – the achievements and progress, followed by many failures– and shows that real estate path to success is not a straight line.
This book points out that, to make the best of your investments, it’s vital to become familiar with the real estate industry in and out, so that you can identify any loopholes and take advantage of them. In addition, it would be of great help to have on your team a real estate tax professional for that purpose.
As suggested by the title, this is a comprehensive book on rental property investing. Not only does it give advice on how to become rich by investing in rental real estate, it also provides the examples of failed investments to show you what not do to. Apart from giving advice on how to close great deals in this highly competitive market, it will also show you:
- different approaches to rental properties financing
- how to create passive income by investing in rental properties
- how to manage rental properties without becoming a landlord
- getting back more money with tax write-offs
The title of this book seems appealing and probably makes you think that one could become a millionaire as a real estate investor instantly. You would be wrong. This book revolves around perseverance and patience as two main characteristics that outstanding investors possess. Here are some of the topics covered in this book:
- Myths about real estate investment realm
- Investing opportunities and how to recognize them
- How to negotiate the best investment deal
- What makes a successful team
- The best strategies in financial management
- Generating property investing leads
- Building and maintaining a real estate investment network, etc.
Ending thoughts on these real estate books
This article contains some of the best real estate investment books that have proved to be useful whether you’re a beginner investor or a savvy real estate businessman. To start becoming great or to remain in the top, one can always use a different viewpoint and fresh ideas from investors whose methods work in reality.
Don’t expect to find manuals with tricks that will help you get rich fast on this list, as some commercial real estate books can entice you with. Success in this industry comes with experience and time.