Anyone who’s not sold on the value of reading is unlikely to read an article on the value of reading, let alone an article about seminal real estate and rental property investing books. But if you’re serious about succeeding in real estate you will only benefit from dipping your toes into the collective wisdom of the ages. Here are some indispensable texts to get help you go from good to great.
Best for Rental Property Beginners: The Book on Rental Property Investing by Brandon Turner
Brandon Turner wrote THE book on rental property investing. And that’s not just because the book is called “Best for Rental Property Beginners: The Book on Rental Property Investing”. Turner is a notable real estate entrepreneur and co-founder of BiggerPockets.com, a social network with over 400,000 property investors. His book provides both a general guide to rental investments and specific strategies and tips that you can actually put to use. Turner is also co-author of the highly regarded “The Book on Investing in Real Estate With No (and Low) Money Down”. If you want to focus on apartment complexes in particular, follow up Turner’s tome with David Lindahl’s “Multi-Family Millions”.
What Every Real Estate Investor Needs to Know About Cash Flow—And 36 Other Key Financial Measures by Frank Gallinelli
Trusting your intuition isn’t the same as acting emotionally. And in real estate, like any other form of investing, emotions can cloud decision making. For this reason, having the technical know-how of how real estate operates is indispensable, and Frank Gellinelli’s “What Every Real Estate Investor Needs to Know About Cash Flow—And 36 Other Key Financial Measures” provides just that. With Gallinelli’s book, you’ll learn all the vocabulary that professionals use to discuss their investments as well as how to put those terms to use in order to make sound investment decisions. That way you’ll be able to approach investing from a rational, well informed position, which is the best position to be in!
Every Landlord’s Tax Deduction Guide by Stephen Fishman J.D.
Investing in real estate may be a costly venture. Luckily real estate deductions can help. But that’s easier said than done! For this reason, Stephen Fishman’s regularly updated guide to tax deduction belongs in every real estate investor’s intellectual inventory. The text teaches not only the particulars of navigating tax deductions but also provides the tools to navigate tax deductions in general. That way even as what you need to do changes you’ll always know how to do what needs to be done. Pair with Garrett Sutton’s “Loopholes of Real Estate”, and “The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS!” by Amanda Han and Matthew MacFarland and you’ll know the ins and outs of the tax code like a pro!
The Book on Flipping Houses by J Scott
Not everyone who invests in real estate wants to hold a property for the long run. For such investors, flipping houses is a suitable alternative. And no one flips homes better than J. Scott. His system has proven to be very successful, and his book covers everything from how to find and fix up a home to how to sell it at the best prices. The book teaches you how to flip homes both one at a time or as part of an entire house-flipping business!
The Intelligent REIT Investor: How to Build Wealth with Real Estate Investment Trusts by Stephanie M. Krewson and R. Brad Thomas
Don’t think you can’t invest in real estate just because you don’t want to own any properties or flip any homes. For you, there’s always the option of the Real Estate Investment Trust (REIT). Investing in a REIT entails investing in a company that owns property investments. You earn a percentage of the income those investments generate. “The Intelligent REIT Investor” is a guide to picking the best REIT for you.
Mastering the Art of Commercial Real Estate Investing: How to Successfully Build Wealth and Grow Passive Income from Your Rental Properties by Doug Marshall CCIM
Different types of property investments have different contours to understand. Commercial real estate, for example, is different from residential real estate. As such, commercial real estate requires its own book, which is where “Mastering the Art of Commercial Real Estate Investing” comes in. Doug Marshall walks readers through how to invest in everything from warehouses to data centers. Marshall introduces six laws of real estate investing that, when applied, allow for maximum return. Timing, good deals vs bad deals, and how to position investments to reap the most rewards are just some of the topics covered in this book.
The Turnkey Revolution: How to Passively Build Your Real Estate Portfolio for More Income, Freedom, and Peace of Mind by Christopher D. Clothier
A turnkey property is a sweet deal for an investor. The investment is already in tip-top shape and every unit is filled with occupants. All the investor does is make a passive income. Of course, turnkey properties come with their own pros and cons, pitfalls and surprises, which is why The Turnkey Revolution by Christpher Clothier is a must-read for any potential turnkey investor. The book teaches how to make investing in turnkey property as easy as it sounds to invest in turnkey properties, providing guidance in everything from assembling a property management team to knowing how to keep track of one’s property once the investment is made.
“More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing” by Julie Broad
There’s a lot of myths about real estate investment that need to be debunked, and Julie Broad effectively does so in “More Than Cashflow”. The book also teaches you how to transition from a traditional 9 to 5 to investing in real estate full time. And for those who are already investing, Broad offers tips on how to redesign one’s real estate portfolio.