The Best Real Estate Books for Smart Investors in 2023
Although there are many excellent online resources for real estate investors, including our collection of articles, some people prefer having a physical real estate book on hand. For authors, real estate investing is a popular topic. It is not only a more reliable investment than the stock market, but it also offers a variety of niches to investigate. Residential, commercial, or real estate investment may be the best fit for you, or you may discover that passive assets like REITs and MICs are the key to your financial success.
However, before we dive into the list of real estate books and investing books, let us show you how to finance properties by the book by clicking the link below to book a free strategy call with us at LendCity.
Here are some of the top real estate books for investors to read.
Beginner creative real estate books for investors
Everybody has to begin somewhere. These essential resources and real estate books will benefit both new and experienced investors—you never know what kind of advice you'll get from these recognized experts.
Beginners should begin here
Ken McElroy's The ABCs of Real Estate Investing will teach you the fundamentals of real estate investing and then guide you through the process of evaluating your properties to uncover hidden earnings that other investors and entrepreneurs may have overlooked. This is a fantastic way to get started in real estate investing and is one of the best real estate books for beginners.
How to make sensible investments?
Scott Trench's real estate book Set for Life explains how to go from having no money to having enough for a down payment and then how to invest it so that you have a nest egg that will keep you "set for life."
Investing in rental properties
Brandon Turner's real estate book, The Book on Rental Property Investing, can help you get started in the rental property market. Turner is the founder of the prominent real estate investing website biggerpockets.com. This is a beautiful beginner's guide to rental property investing, with tips on avoiding the most common mistakes new investors make.
Make it recession-resistant
Scott's book, Recession-Proof Real Estate Investing, is one that anyone who has lived through 2020 would appreciate. Although it was produced in the aftermath of the 2008 crisis, the principles can be applied to any economic slump. This book will guide you with the steps to keep your assets safe no matter what the state of the economy is. Some people would say that this is the real estate book for modern investors.
Books about accumulating wealth
The purpose of investing once you've started is to develop wealth by putting your money to work for you. These books will assist you in assessing your assets and determining what to do with them.
Shift your perspective
Robert Kiyosaki's book, "Rich Dad Poor Dad," is a classic for several reasons. The author explains how to shift your perspective about accumulating wealth and how to use tried-and-true methods to make your money work for you. It isn't specific to real estate, but it will assist you in determining the best methods for your portfolio.
Make a million dollars
Gary Keller's book The Millionaire Real Estate Investor focuses on investing when you don't have millions to invest in real estate. (After all, who does when they're just starting?) Make sure to read this one if you want to discover how to leverage your current assets into millionaire status.
Focus on one residence at a time
John W Schaub's book, One House at a Time, is about building wealth one house at a time. The author has over four decades of real estate experience, and this book covers the principles of real estate investment and wealth creation. Take this famous expert's advice if you want to make a lot of money with your investments.
Discover How To Develop Real Estate With This Step By Step Guide
Educating yourself on real estate financing
Tax planning
Although Amanda Han and Matthew McFarland's The Book on Tax Strategies is aimed at American investors, it's worth picking up general tax advice. Because tax regimes in Canada and the United States are frequently comparable, read on to learn ideas and tricks you can apply to your investments.
Cash flow is essential
Frank Gallinelli's What Every Real Estate Investor Needs to Know About Cash Flow—And 36 Other Key Financial Measures may assist you in improving your investments through numbers, providing free Excel spreadsheets that demonstrate how the book formulas work.
Topics with a specific focus
Having a rental property
Brandon and Heather Turner's book, Managing Rental Properties, will guide you through the minefield of being a landlord. We all aspire to find ideal tenants that pay their rent on time every month, but how do you locate them? Do you know your responsibilities as a landlord, and how can you improve your chances of success?
Developing your company
Tim Ferris' book The 4-Hour Workweek is an excellent resource for helping you design and automate systems, so you don't have to do all of the tedious labor by hand. You'll figure out what you can accomplish yourself and what you should outsource so you can make better use of your time.
Commercial property
Are you ready to dive into the commercial real estate world? Doug Marshall's book, Mastering the Art of Commercial Real Estate Investing, is an excellent introduction to the drastically different world of commercial real estate investing. Among other things, you'll learn how to prevent dangers and manage properties with various tenants.
Buying and selling houses
Scott's real estate book, "The Book on Flipping Houses," is a how-to guide written by a seasoned house flipper. He'll show you how to analyze houses, fix them up, and keep a healthy profit margin while doing so—all without losing your mind. If you've seen many house-flipping TV shows and want to know the truth, start with this book.
Investing in long-distance real estate
Try David Greene's Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties if you want to buy properties in another province or country. Even though it is aimed at an American audience, most of the advice is applicable to Canadian investors.
REITs
How to Build Wealth with Real Estate Investment Trusts: The Intelligent Real Estate Investor
Investment Trusts by Stephanie Krewson-Kelly and R. Brad Thomas will show you how to assess various REITs to develop passive real estate riches.
These are just a few of the helpful real estate books available at your local bookstore or library, and they'll provide you plenty of advice on how to establish and manage your real estate portfolio.
Now, if we're honest real estate books are not going to give you everything you need, but for the things it can't we would like to offer you a free strategy call at the link below to make up for it.