The saying “knowledge is power” is especially true when it comes to real estate investing. The world of real estate has its own risks, so it’s worth learning before you jump in. Taking the initiative and educating yourself is a great way to familiarize yourself with real estate investing before you even get started. But where to start with so many resources? You’re in luck, here’s a list of the nine best books for beginner real estate investors.
Best Books for Beginner Real Estate Investors
1. “How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started” by Brandon Turner and Josh Dorkin
This book by Brandon Turner and Josh Dorkin is at the top of our list of the best books for beginning real estate investors and provides a great overview of the basics of real estate investing. This is a great place to start if you want to explore your real estate investment options.
How to invest in real estate does not give a method; Show the different ways you can do it. Whether it’s investing, investing as supplemental income, or total asset management, Turner and Dorkin highlight over forty different success stories from modern real estate investors.
2. “The ABCs of Real Estate Investing” by Ken McElroy
McElroy’s book, The ABCs of Real Estate Investing, is among the best books for beginning real estate investors because of its emphasis on market knowledge, negotiating deals, and maintaining cash flow. Unlike the first book on the list, The ABCs of Real Estate Investing focuses on larger investments, such as condos, apartments, and townhomes.
This book provides clear strategies for finding these great investment properties, including how to work effectively with other real estate investors to secure larger purchases. If you have them, you need to keep them profitable. The ABCs of Real Estate Investing not only teaches you how to find, evaluate, and buy real estate, but it also gives you solid property management tools.
3. “The Book on Rental Property Investing” by Brandon Turner
Third on our list of the best books for beginner real estate investors, second is by Brandon Turner. It’s no coincidence that the co-founder of The Bigger Pockets Podcast and author of several best-selling books on real estate investing has a place on this list.
The Rental Property Investing Book provides four different strategies for generating passive income from real estate. The book covers everything from financing new investments to finding deals and deferring or avoiding taxes. This is a must read if you want to start investing in rental properties.
4. “What Every Real Estate Investor Needs to Know About Cash Flow” by Frank Gallinelli
If you want to maximize your real estate investment, you need to calculate your cash flow. In this book, Gallinelli focuses a lot on numbers. He makes our list of the best books for beginning real estate investors because of his focus on mathematics. Whether math is his strength or a challenge, Gallinelli explains how it can help him.
This book will teach you the important steps you need to make smart investment decisions. Measurements such as net present value, discounted cash flow, return on equity, etc. It will help turn a novice investor into a serious professional.
5. “The Book on Investing in Real Estate with No (and Low) Money Down” by Brandon Turner
This book made our list of the best books for beginning real estate investors because of its emphasis on growing your investments with little money. The book focuses on strategies for using credit to purchase investment properties. Whether he is looking for private money or lenders, Turner’s book will provide you with creative ways to finance his investments while avoiding various financial pitfalls.
6. “Buy, Rehab, Rent, Refinance, Repeat” by David M. Greene
Buy, rehab, rent, refinance, repeat, also known as the BRRRR method, is a real estate investment strategy where you gradually grow your investment portfolio from a single property. This book explains the details of this plan and how to make the most of each step. Learn how to negotiate a sale, what renovations add value, when to move, and how to capitalize on an investment property.
7. “The Book on Tax Strategies for the Savvy Real Estate Investor” by Amanda Han and Matthew MacFarland
Tax strategies may seem complicated, but taxes are definitely something you should worry about as a real estate investor. Things like capital gains tax can have a big impact on your investment returns. That’s why this book is on our list of best books for beginner real estate investors.
This book shows you how to withdraw more money, invest better, and ultimately pay less taxes. In the meantime, his tips and ideas will prepare you for tax season. This book will help you learn how to get the most out of your taxes.
8. “Real Estate Investing Gone Bad: 21 True Stories of What NOT to Do When Investing in Real Estate and Flipping Houses” by Phil Pustejovsky
Sometimes it’s also helpful to know what not to do. This book will help you avoid many of the mistakes real estate investors and home buyers make. Learn from these investors without risking millions. This is a valuable resource for beginners because they can be aware of the risks without taking them. Keep in mind that some people paid a lot of money for these courses. You can easily learn them by purchasing a book.
9. “Rich Dad, Poor Dad” by Robert T. Kiyosaki
Although this is not a specific book on real estate investing, it is a smart read for any beginning investor. Rich dad taught by poor dad is the mindset you need to make money work for you. You don’t need a lot of money to invest and grow your money. The principles presented here have stood the test of time and provide an excellent starting point for any new investor.
Conclusion
These best books for beginner real estate investors cover a wide range of topics, but generally show that with care and effort, anyone can become a successful real estate investor. All you need to get started is knowledge, mentality and a little capital. You can do this as part of your day job or evolve your real estate investing into a full-time career in property management.