Real Estate Investment Books for Beginners
What are the most influential real estate investment books for beginners? What book should you start with? Well, that all depends on what type of real estate investment you are looking to get into. There is residential investment, commercial investment, long-distance investment and many more options. Luckily, we have created a list of several real estate investing books that are ideal for beginners.
The collection of books mentioned below are from seasoned professionals in the real estate market who have created content based on their experiences to help you. So, lets delve into the list now.
1. How to Invest in Real Estate by Josh Dorkin and Brandon Turner
Two of the real estate industry’s best figures collaborated to create the most complete guide ever written on how to get started in the profitable profession of real estate investment.
Longtime hosts of the world’s #1 real estate podcast, The BiggerPockets Podcast, Josh Dorkin and Brandon Turner, give you an insider’s look at the many different niches and techniques that exist, so you can figure out which one works best for you, your resources, and your objectives.
This book, unlike most typical real estate investment books, will not teach you that there is “one secret road” to real estate success.
Instead, it’s jam-packed with over forty real-life examples of how real estate investors are succeeding in today’s environment.
2. The ABCs of Real Estate Investing by Ken McElroy
First on our list of the most influential real estate investment books for beginners is Ken McElroy’s ‘The ABCs of Real Estate Investing. This book is ideal for anyone who is starting in real estate investing. As the title suggests, it will teach you the basics of investing, such as ways to find and evaluate properties and increase income through property management.
The text is simple to get to grips with investment terminology, but that does not stop the book from giving engaging and actionable advice.
The author, Ken McElroy, has over 26 years of experience in multifamily property investment and management, so he is well equipped to advise on the topic. Although this book is ideal for beginners, McElroy often talks as a company rather than an individual, and it is heavily based upon the American market.
3. The Millionaire Real Estate Investor by Gary Keller
This real estate investment book is perfect if you want a motivational read. Gary Keller, the author of ‘The Millionaire Real Estate Investor’ motivates you to overcome challenges in the investment world when you do not have a million dollars spare.
We have picked this as one of the most influential real estate investing books because it brings together the knowledge of over 100 millionaire real estate investors. The text can be compared to a manual or handbook on building capital through property. It also discusses the biggest myths within the world of investing as well as how to find the most profitable opportunities whilst motivating you.
4. Mastering the Art of Commercial Real Estate Investing by Doug Marshall
Of course, we know some of you may be more interested or involved in commercial real estate investing. So, we’ve added Doug Marshall’s ‘Mastering the Art of Commercial Real Estate Investing’ to our list. This book by Marshall explains the basics of investing in commercial real estate by using 6 specific laws of real estate investing. These ‘laws’ are designed to maximize profit and understand the importance of timing as well as how to position an investment for optimal cash flow over a long period of time.
The text is very straight forward whilst being informative, it includes questions and answers as well as quizzes which helps you apply the principles.
The author Doug Marshall has been a commercial real estate professional for over 35 years and has truly mastered the art of investing in commercial property. Therefore, if you are interested in commercial investment then this book is ideal for you.
5. The Book on Rental Property Investing by Brandon Turner
Another book on our list of influential real estate books for beginners is ‘The Book on Rental Property Investing’ by Brandon Turner. This guide outlines the biggest mistakes rental property investors make, how to avoid these slip-ups and must know strategies. Turner also discusses how to calculate ROI as well as the pros and cons of the various types of rental properties. Much like other books we have mentioned, this book is based upon Turner’s experience in the American market but the strategies can be applied to other markets.
The author is known for being an entrepreneur in the real estate world and has a well-known real estate investing website, podcast and YouTube channel, BiggerPockets.com. So, if you do not have the time to read you can access Turners ideas and advise via other forms of media.
6. Long-Distance Real Estate Investing by David Greene
The popularity of long-distance real estate investing is growing so it only makes sense that we add this book by David Greene to our list. If you are considering widening your real estate investments to other areas and countries then this is a must read. It has been known as a risky investment lifestyle but Greene argues and proves why this is a myth. The rules, technology and markets have changed throughout the years meaning you can be successful in real estate investment where ever you are in the world.
Greene talks about strategies to use that he has tried and tested himself as well as how to identify neighborhoods and tips for renovating remotely. With many years of experience, managing over 35 single-family rental properties and 3 large multifamily apartment complexes, David Greene is an ideal professional to take notes from. He is also the co-host of the BiggerPockets podcast, which we mentioned above.
7. Rich Dad, Poor Dad by Robert T. Kiyosaki
Last on our influential real estate investment books for beginners we have ‘Rich Dad, Poor Dad. Although this book is discussing small business investment as well as real estate investment it is a must read. The text is rated one of the best reads regarding investment and personal finance of all time due to its general knowledge, key lessons taught and specific strategy dissection. Kiyosaki talks us through how to use real estate to generate a passive income and build a portfolio ideal for consistent returns. Like all other books we have mentioned, this is motivational and will inspire you.
Conclusion: Real Estate Investing Books for Beginners
This list is by no means exhausted but a good start for anyone who is looking for reads regarding real estate investing. Although we have based this list around helping to guide beginners in the world of investment, the books are ideal for anyone who wants a recap of strategies and to see how professional are doing it.