
Top Books on Real Estate Investment
The real estate market is a difficult industry to start successfully, especially when we are just starting out. There is a need to better understand Real Estate Investment and things to be focused on. There is a difference between investing wisely and taking a risk. And one of the best ways to develop the skills we need is to read about the experiences or advice of those who have been in the business before us.
Top 7 Important Books on Real Estate Investments.
1. The Millionaire Real Estate Investor by Gary Keller
The first step to increasing your wealth is to learn and understand the basic truths and values that drive financial wealth. This book majorly focuses on these things.
It is an easy guide to collect and read the experiences of 100 millionaire investors who have acquired financial wealth through various investment methods.
This book on real estate investing is very inspiring. It enhances your investment potential and guides you to resolve any issues that may arise. It includes all the basic information for people who are just starting out with a financial investment.
As compared to other books, the only thing this book lacks is some advanced tips.
2. Getting the Money: The simple system for getting private money for your real estate deals by Susan Lassiter-Lyons.
This book helps you in many ways for some tips about “How to get money for your real estate deals?” “Getting the Money” gives us accurate guidance when we need clear ideas and strategies to raise the private capital for real estate investments.
A book includes very helpful tips and prudent detailed information to use for closing deals. If you need to raise any private money for your investment, you should definitely read this book.
3. The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single-Family, Multifamily or Commercial Property by Steve Berges.
This book is a perfect guide that increases the reader’s ability to discern the potential worth of investment properties. It covers all the important points regarding real estate financing. Moreover, some prior features such as Essential Valuation Techniques, How to structure real estate finance, How to measure the investment performance, Value Analysis, Understanding financial statements, Case Studies, etc.
The Author Mr. Berges has explained in this book, about many layers of process information of all the property Investment business.
4. Every real estate investor needs to know about cash flow… And 36 other Key Financial Measures, Updated Edition by Frank Gallinelli.
It is a very helpful guide to financial cash flow. It focuses on statistics to be successful in real estate investments. For the context, the book explains some basic formulas, so that readers can measure some main aspects of the real investments, such as cash-on-cash return, return on equity, net present value, discounted cash flow, and net operating income.
The spreadsheet models are provided which are useful to help readers for the clear demonstration. Each chapter gives examples of relevant math including some calculations which readers can solve as a form of practice.
A book is a quick and easy read, humor is added for the better engagement of readers.
5. Building wealth one house at a time: Making it big on little deals by John Schaub.
It describes the finance for accumulating multiple homes.
A great read for people of any financial background, as it talks about how just about anyone can accumulate multiple houses debt-free while earning a steady income indefinitely.
This book is a bit different from others, because including some tips such as renting to long-term tenants, providing them with financial incentives to pay rent on time, etc.
It teaches you overall about traditional investment principles that have made people successful for many years.
6. The Book on investing in real estate with no [and low] money down: Real-life strategies for investing in real estate using other people’s money by Brandon Turner.
Though we don’t have money, we are interested in getting involved in the property business. So this book is specially written for us.
It touches on various important subjects such as Investing with no money down, How to attract lenders, How to combine investing techniques. This book has very useful stuff for beginners who have yet to learn about various strategies.
This book has no advanced tips that will help to get more out of borrowing from lenders.
It is like a basic guide to teach anyone who is new to the concept of borrowing for real estate investment.
7. Rich Dad Poor Dad: What the rich teach their kids about money that the poor and middle class do not by Robert Kiyosaki.
This book is written in a biographical manner. A Personal story of author Robert Kiyosaki.
It explains absolute and clear terminology about why investing is so important.
The Author has mentioned some strong points such as Reducing tax liability if you are able to, Understanding your taxes, and Making wise investments. These are very important topics to know the concept of investing and managing money.
Also Read: Real Estate in 2021 – Should you look forward to investments now?
Before deciding to enter the real estate investment field, we should familiarize ourselves with the prevailing wisdom of the professionals working in this field, as well as better understand some other aspects of the industry. To help with these matters, everyone new to real estate can get good guidance through a few books. These are some important books related to the subject that should be read in order to know how to work well in investing money as well as to get an important perspective on the functioning of the business.