Outside of investing in cryptocurrency and becoming a day trader, there are few endeavors that can feel more overwhelming or daunting than becoming a real estate entrepreneur.
With a myriad of different terms, laws, and contracts that you need to understand and memorize, the goal of becoming a 6 or 7-figure real estate investor can seem all but unattainable.
But here’s the thing… You don’t need to reinvent the wheel.
Thousands of brilliant entrepreneurs and investors have come before you and made an absolute KILLING in the industry — And they were kind enough to share all of their hard earned (and bought) wisdom and secrets.
To help clear up the confusion and get you started on your journey to real estate profits the right way, we’ve conducted a simple list of the five best books to help you dominate the real estate game.
While there are hundreds of books that you could read, by limiting yourself to these five, you’ll have a clear and actionable plan that you can begin implementing… Today.
Let’s dive in.
1. The Millionaire Real Estate Investor
The Millionaire Real Estate Investor is the quintessential real estate investing book.
The author, Gary Keller, is the founder of the largest real estate agency in the WORLD and, among other things, does an excellent job of conveying complicated concepts in intuitive and understandable ways.
Whether you’re a traditional investor, wholesaler, fix and flipper, or something else entirely, Gary’s candid writing style and life lessons will help you not only understand the nuances of real estate investing, but also the psychological states and daily actions that are required to create real profits in the business.
2. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
The Book on Rental Property Investing, written by real estate investor and co-host of the BiggerPockets Podcast Brandon Turner, is packed with real life advice and an accessible introduction into the complex world of generating passive income through real estate.
In this book Turner’s goal is to give you an honest guide book filled with tips, strategies, and advice on how to build wealth and passive income through real estate investing… without the b.s. Or hype.
He is not shy when it comes to the harsh reality of investing and invites you into his own personal experience in the game to help you set proper expectations.
3. The Book on Investing in Real Estate with No ( and Low) Money Down
No cash. No problem. The Book on Investing in Real Estate with No ( and Low) Money Down can help you invest in real estate with creativity instead of the cash you may or may not have in your wallet. This book focuses less on one specific strategy and more on the mindset and creativity you need to adopt if you want real success in the world of real estate investing. If you already have some knowledge on the subject and need to build a better foundation, this is the book for you.
Turner does a great job of starting out with a high level comprehensive view and then digging down into the details. He covers everything from owner occupied investment properties, partnerships, home equity loans/lines of credit, hard money, private money, lease options, seller financing, and wholesaling. After reading this book you will understand real estate investing on another level; you will be able to handle whatever deal comes your way.
4. The ABCs of Real Estate Investing
The ABC’s of Real Estate Investing is perfect for the aspiring real estate investor, especially if you aspire to or currently are investing in multifamily units. McElroy goes above and beyond to teach you how to find, underwrite, negotiate, and manage multifamily units.
In this book you will learn the foundational blocks that are necessary to long term success and he lays out the entire process from setting realistic goals to building a dependable team to the best property types currently on the market.
Working as the owner of a property management company himself, the author devotes a great portion of the book to vetting, monitoring, and defining expectations with a property management company and providers readers with invaluable details that will save you months of headaches and over-the-phone arguments. This book is a great primer for anyone looking to take that first step into financial freedom.
5. The Advanced Guide to Real Estate Investing
This book is the sequel to The ABC’s of Real Estate Investing, and (unlike ‘Back to the Future II’) it takes the original to a whole different level. The Advanced Guide to Real Estate Investing has everything that you need (and then some) to go from ‘beginner’ to ‘advanced’ and make your financial dreams a reality.
With more than 25 years of experience in the business, McElroy isn’t just another guru who teaches real estate without doing it, he’s been in the trenches for years, and this book is the culmination of all his most advanced knowledge. Throughout this book he reveals how to think, act and operate like a real estate mogul… not just an investor. And we can tell you from experience… There’s a big difference.
What did you think of our list? What books have you read that helped you figure out the real estate game? Did we miss any? Let us know in the comments below!