Are you looking to get into the world of real estate investing? This is a great opportunity for people to make extra money by letting your property do all the work: if you know the tricks of what makes a good investment. There are classes available for those who want tutorials from the best, but if you want to get a jump start, the best real estate investing books can give you everything you need to know.
So what are the books that real estate gurus like Jason Hartman use to guide their investment? As more people look to real estate as an easy way to make a passive income that lets them retire early, we’re seeing a boom in books that are suitable for beginners while also providing content for veteran investors. In this article, we’ll look at the best real estate investing books for beginners, and how they can help you get a fast start in the real estate market.
Our Top Real Estate Investing Books for Beginners:
The Millionaire Real Estate Investor
Is there a better place to start than with an aspirational book that will show you where you can go if you hit it big? Written by Gary Keller, this book is a collection of wisdom, experience, and helpful tips from one hundred of the most successful real estate investors in the world, all of whom are now millionaires. Geared towards beginners and full of ideal tips for making your first investments, it’s also a great motivational book that will get you excited about jumping into the real estate pool.
The Book on Rental Property Investing
If you’re looking for a practical book that focuses on long-term investment for rental income, this guide from Brandon Turner is an ideal start full of easy-to-use strategies. Turner is a successful real estate investor and vice president of one of the top real estate websites available, and his focus in this book is on generating cash flow and avoiding the most common mistakes of rookie investors.
The step-by-step approach is ideal for keeping on top of things all the time. You never know when you need help to make a tricky investment decision.
The House Hacking Strategy
Some of the biggest challenges of real estate investing are the overhead costs of rent or mortgage along with the expenses of flipping a house and getting it up to sale shape. With this exciting book by Craig Curelop, it becomes possible to “hack the system” and save thousands of dollars on monthly costs by getting someone else to pay some or all of your rent or mortgage.
With this strategy, you turn your house or apartment into an asset that constantly generates money for you that you can flip into other investments with little to no work.
The Book on Flipping Houses
One of the most profitable strategies for real estate investing is house-flipping, but this requires a lot of knowledge on this risky, fast-paced practice. J. Scott’s book on the practice focuses on all areas of the discipline – finding the right properties to flip, rehabbing them for sale without eating too much into your sales, and finding the right buyers who will give you the maximum gain on your investment.
Like the others in the “The Book” series, this is a practical and comprehensive book ideal for giving new investors an exhaustive course in this area of real estate investment.
Retire Early With Real Estate
The best real estate investing books always keep their eye on the main goal of every investor – replacing that tiring nine-to-five job with a life of reaping money from investments. This book by Chad Carson, a wildly successful real estate investor who retired at age thirty-seven on his investments, focuses on the core investment techniques that will let you become financially independent.
It urges you to think big and start by creating your own five-step plan to retiring early on real estate income, and it’s full of practical advice ideal for anyone starting out in the investment world.
Rich Dad, Poor Dad
Equal parts investment guide and autobiography from investment guru Robert T. Kiyosaki, this classic book is a comprehensive guide on how to build and grow your wealth. Kiyosaki makes the case for tangible assets like real estate over intangible ones, and it’s full of strong advice on general personal finance help.
But if you’re looking for specific real estate advice, this book is helpful for its in-depth guide on how to generate passive income and ensure you’re working smarter, not harder, as you build your portfolio.
Buy, Rehab, Rent, Refinance, Repeat
Another essential guide for house-flippers, this book by David M. Greene has developed a comprehensive approach to turning around houses in the fastest timeframe, ensuring maximum profit. The biggest challenge facing real estate investors is ensuring healthy cash flow, and this book sidesteps that by focusing on how to get a speedy return on your investment.
It tackles each of the five steps to effective house-flipping, focusing on practical strategies like identifying the best properties to flip, negotiating effectively, and increasing your property value for little cost.
Every Landlord’s Tax Deduction Guide
No one likes paying their taxes, but if you’re going to make a career of real estate investing, it’s essential to know the ins and outs of tax policy. For those who are planning to handle their own taxes, Stephen Fishman’s book is an essential guide to the tricky layers of real estate tax policy if you want to avoid paying costly fines to the government.
It also focuses on the specific tax benefits landlords can take advantage of to boost their bottom line and what expenses can be deducted from tax filings.
The Perfect Way to Kick Off a Real Estate Investing Career
With the best real estate investing books, you’re now fully equipped to make your first investment. Used alongside digital tools like those available from Real Estate Tools, these books can help you get on the path to financial independence.