Even though the majority of millionaires achieve their wealth through real estate, that doesn’t mean you will too if you become a real estate investor. But one of the best ways to avoid failure and improve your chances of success is to learn real estate by reading books. If you want to be wealthy, learn the habits of the rich, and read. I’m a big believer in never investing in anything that you don’t understand. Real estate is no different. Here’s a list of the ten best real estate books to get you started.
1. The Millionaire Real Estate Investor
In the book, The Millionaire Real Estate Investor, author Gary Keller of Keller-Williams Realty interviewed over 100 millionaire real estate investors to put together a guide for building wealth through real estate. If you’re just starting in real estate, then reading this would be similar to taking a Real Estate Investing 101 course. Keller’s book does a great job by putting the reader in the investing mindset. It starts off discussing essential investing advice we all need and then dives deeper into how it can be applied to real estate.
2. Rich Dad, Poor Dad
The second book on our list of best real estate books is Robert Kiyosaki’s Rich Dad Poor Dad is the ultimate book to get you started in real estate with the right frame of mind. He obtained life lessons from his poor dad (real dad) that held a Ph.D. in education and a “rich dad” that was a successful business owner (one of the wealthiest in Hawaii) who only had an eighth-grade education.
In the book, Kiyosaki shares six important lessons that he learned over thirty years from his rich dad.
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3. The ABC’s of Real Estate Investing
For many real estate investors, “The ABCs of Real Estate Investing” by Ken McElroy is their best go-to book that teaches the basics of real estate investing. McElroy has over 26 years of senior-level experience in multifamily asset and property management.
In it, he discusses how to achieve wealth with real estate by negotiating deals, finding and evaluating properties, and using property management tools to increase income. Even though the book mainly focuses on apartments, most of the concepts can still be applied to other types of real estate investments too.
4. What Every Real Estate Investor Needs To Know About Cash Flow
The fourth book on our list of best real estate books is Frank Gallinelli’s What Every Real Estate Investor Needs to Know About Cash Flow, and 36 Other Key Financial Measures can help you figure it all out, especially for newbies. The key to evaluating deals is knowing your numbers, and this book does a great job breaking that down for you.
5. The CashFlow Quadrant
Yes, another Kiyosaki book makes this list! This time it’s the sequel to Rich Dad Poor Dad titled The Cashflow Quadrant. The book centers around the four quadrants he claims we all fall into Employee, Business Owner, Self-Employed, and Investor.
Kiyosaki claims that most people are on the left side of the “poor side” of the quadrant. They’re either employees or are self-employed.Most physicians and dentists are in these categories, and they mainly trade their time for money. For them to make money, they must perform, or they don’t get paid.
6. Retire Early With Real Estate
Do you want to reach financial freedom sooner rather than later eventually? There is no better source to learn from than someone that has done just that by the age of 37. Real estate coach Chad Carson put together a comprehensive guide to financial freedom called Retire Early With Real Estate. Can’t beat that title.
7. The Book on Rental Property Investing: How to Create Wealth and Passive Income
Investing and owning residential real estate is one of the most popular ways active investors currently invest. The Book On Rental Property Investing’s author, Brandon Turner, used to be the co-host of the “Bigger Pockets” podcast, which is one of the best resources for real estate investing.
8. Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties
This book is a comprehensive guide for real estate investors looking to expand their portfolios beyond their local markets. David Greene, a former police officer and experienced real estate investor, shares his strategies for successfully buying, rehabbing, and managing rental properties in different states.
9. The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property
This book focuses on the negotiation process, providing strategies to close more deals and maximize profits. It also includes true-life stories and real dialogue examples to help readers understand what to say and how to say it effectively. Whether you’re a beginner or a seasoned investor, this book provides valuable strategies to help you achieve better deals and maximize your profits.
10. More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing
This book provides an honest look at the realities of owning real estate and the challenges that come with it, helping investors redesign their portfolios. This is a practical guide that delves into the realities of real estate investing, debunking common myths and providing honest advice. Julie Broad, a seasoned real estate investor, shares her experiences and insights to help readers navigate the complexities of the industry.
How To Make Money Without a Job
Are you looking for an alternative way to make money outside of the 9 to 5? Whether you desperately want to quit your job or just want some extra income, you’ll find something on this list that suits your needs and interests.
Read More: How To Make Money Without a Job
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