6 Real Estate Investment Books You Must Read
Real estate is a big-numbers industry that may help you develop wealth and passive income. Before going hands-on with this business, whether to buy, sell, or seek a career in it, one must arm themselves with the required exterior and internal knowledge. Here are six real estate investment books you must read.
The millionaire real estate investor–by Gary Keller
Isn’t it wonderful to be able to invest in real estate as if you were a millionaire? There’s only one problem: you don’t have a million dollars hanging around to invest in real estate. “The Millionaire Real Estate Investor” tries to tackle this dilemma. To produce a manual for generating wealth through property, author Gary Keller relies on the expertise of over 100 wealthy real estate investors. You don’t have to be wealthy to appreciate the ideas and approaches Keller promotes, but implementing the principles he promotes might help you become rich in real estate.
The ABCs of real estate investing–by Ken McElroy
McElroy discusses partial property ownership and the advantages of spreading expenses through partnership ventures in this book. He also goes through property administration, cash flow management, estimating possible investment revenues, and how to analyze properties.
The book on investing in real estate with no (and low) money down–by Brandon Turner
This book is a must-read for anybody who believes that starting a real estate investment requires a large sum of money. Turner demonstrates how to invest in real estate with very little money and explains how to fund real estate purchases creatively. For example, the BRRRR (buy, rehab, rent, refinance, repeat) method, wholesale and retail concepts. He also lists the drawbacks of various real estate investing approaches, resulting in a pretty realistic approach.
PROSPECT (The real estate lead generation manual)–by Brian Icenhower
Prospect is a go-to book for understanding the value of prospecting, whether you’ve just started a real estate firm or are a seasoned agent. From advertising expired listings to selling new properties. It lays forth a set of concepts and detailed action plans for efficiently growing your network.
What every real estate investor needs to know about cash flow–by Frank Gallinelli
The abundance of financial jargon and language in the real estate sector and the market may turn off potential investors or leave them entirely puzzled. However, as the real estate sector throughout the world continues to develop, understanding and using financial parameters utilized by successful investors has become more crucial than ever. This book does an excellent job of teaching essential financial terms like discounted cash flow, return on equity (ROE), and capitalization rate. It is very instructive and streamlines the entire real estate investment process.
Investing in rental properties for beginners (Buy low, rent high)–Lisa Phillips
In her book, Lisa Phillips emphasizes the importance of rental yields, which may help to stabilize one’s financial situation and increase one’s financial independence. The author stresses limiting capital expenditure and risk while receiving a consistent and high rental income through a property in a suitable neighborhood, making it one of the great real estate books.
