Best Real Estate Investing Books – recommended by entrepreneurs and professionals
Only the best real estate books will teach you the pros and cons of investing in real estate or choosing a career in the field. The honest and factual evidence presented by these titles can help you to understand the ups and downs of investing in the market and what it can mean if you were to hit success.
You’ve likely heard that investing in real estate is a great opportunity, but how are you supposed to know when it’s the right time to delve into the industry?
Real estate investing books are written by professionals who are currently selling homes or who own investment properties themselves. They’ve gone through the trials and tribulations of knowing what an appropriate investment is. Their experience also helps them to know when a property is going to consume all of your funds and not be profitable.
Taking their hardened and experienced advice is what will make a world of difference if you are a potential investor. Our favorite aspect of the best real estate books is that they are brutally honest, assisting you with making the right decisions.
Purchasing an income property isn’t a small task; it requires a lot of patience, funds, and professional assessments. We were able to learn about the prevalence of using the real estate market for cash flow, as well as the most common mistakes investors make when purchasing a rental property.
Even if you’re interested in flipping homes in your area, you’re going to want to diversify your knowledge on what it means to flip without destroying your profit margin. You’ll learn about anything from finding the right contractors to the steps you’ll need to take to put the home back on the market. This point is another reason as to why real estate books are as popular as they are.
If you are a homeowner who is interested in selling your own home to avoid paying real estate fees, these books will prove to be invaluable. Everything that a professional real estate agent will be able to tell you is within the pages so that you can list your home for sale by owner for the highest profits.
From understanding real estate tax to knowing when a potential property is going to tank your budget, the best real estate books should undoubtedly be on your shelf.
Best Real Estate Books
It's easy to get fired up by the financial freedom that real estate investing can provide, but it’s harder to take the leap. The Millionaire Real Estate Investor offers some good insights on deconstructing the myths that hold people back from investing.
For example, many assume they can’t start investing in real estate. In reality, industry disruptions like crowdsourcing open the door to commercial real estate success. A site like RealtyMogul crowdsources deals on properties from hotels to storage units for an investment of just a few thousand dollars. You could also consider buying a triplex to live in and rent out the other two units to pay your mortgage. Then use the profits to fund your business in real estate.
Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big – Brian Murray
Need a side hustle to make ends meet? Been thinking about owning, renting or moving some real estate to see if you can turn a profit? If so, then this book is what you need to read to get practical advice, real-life examples of successes and failures and simple, down to earth business strategies.
Other People’s Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Right on the Money: Doug Casey on Economics, Investing, and the Ways of the Real World with Louis James
This is the bible for starting and running a restaurant. I recommend you get the printed version and the Kindle version. Use the Kindle version for quick reference and the printed version for study.
Breakpoint: Why the Web Will Implode, Search Will Be Obsolete, and Everything Else You Need to Know About Technology Is in Your Brain
Schwarzenegger's autobiography is, first and foremost, a really really great rags-to-riches story. But it's true. And it's surprising: he didn't make his first million dollars by acting. And it's inspiring: he goes a little into how one should think, when pursuing a particular goal. And, lastly, it's very well written. It'll completely redefine your idea of the man. And it may give you a glimpse into how you might better sculpt your idea of you.
The Encyclopedia Of Restaurant Training: A Complete Ready-to-Use Training Program for All Positions in the Food Service Industry
Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives
I really enjoyed Brad Stone's The Everything Store: Jeff Bezos and the Age of Amazon. Anyone who wants to better understand the dynamics of disruption or just gain a better understanding of the website we've come to love, must read this book.
Question: What five books would you recommend to young people interested in your career path & why?
Answer: "The Property Apprentice" and "Property Magic" by Simon Zutschi
Lucky is the biographer who can resurrect a forgotten figure and retrieve a major reputation lost to the passage of time. In this captivating and intensely readable book, Victoria Johnson rescues the remarkable life of Dr. David Hosack, physician and botanist extraordinaire and a towering benefactor of New York and the early republic. A welcome achievement.
Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers
Tools of the Titans by Tim Ferriss has awesome stories from some of the most successful people in the world.
For business, I've read Influence by Robert Cialdini 3 times, and Traction by Gabriel Weinberg twice, so if number of times read indicates favor, then those are it. There are a whole bunch of others, like The Personal MBA by Josh Kaufman, Confession of an Advertising Man by David Ogilvy, The 4 Hour Work Week by Tim Ferriss, and Running Lean by Ash Maurya, that I've also enjoyed and recommend to people.
This book has wonderful qualities that I am certain will be picked up by other reviewers. But I would like to add the following. This is the most profound examination of how nationality is enforced on a group of people, with the internal colonization process and the stamping out of idiosyncratic traits. As someone suspicious of government and state control, I was wondering how France did so well in spite of having a big government. This book gave me the answer: it took a long time for the government and the "nation" to penetrate the depth of deep France, "la France profonde". It was not until recently that French was spoken by the majority of the citizens. Schools taught French but it was just like Greek or Latin: people forgot it right after they finished their (short) school life. For a long time France's villages were unreachable.
A great book, a great investigation.
The most troubling reading I did on vacation was Academically Adrift: Limited Learning on College Campuses, by two sociologists, Richard Arum and Josipa Roksa, who examine the evidence on what college students actually learn. I was surprised how little data there is on this important question. Even more disturbing, the data cited by the authors indicates that students may not learn very much. In their first two years of college, many U.S. college students advance very little in important skills like critical thinking, complex reasoning and writing.
I was really surprised to read that. The data shows that students today spend much less time actually studying, and they take less rigorous courses, most of which don’t require them to do much writing, for example. And yet even so, many students do not complete their degrees. Graduation rates from U.S. colleges are much lower than in many other countries. What’s going on in higher educationis a topic I care a lot about, and I basically agree with the authors’ findings that we have a real problem. I plan to take a deeper dive into this topic with a full review of Academically Adrift, which I’ll post in a few weeks.
Q: What is one must-read book for business leaders?
A: The Power of Habit: Why We Do What We Do in Business and Life by Charles Duhigg.
The funny thing is that the books that had the biggest impact (like my Verne’s favourite) are not necessarily the best books, objectively speaking. They were good enough to present a new worldview that I was not aware of. Timing probably was more important than their intrinsic literary qualities. They “managed” to fall into my lap at the right time. Such a book was Robert Kiyosaki’s “Rich Dad Poor Dad”, a mediocre book by my standards of today, but deeply inspirational by the ones from yesterday.