Real estate investing can be an excellent way to start or develop a portfolio while earning additional income on top of your 9-5 salary.
Real estate books cover a whole range of ways to invest in real estate from passive investing through REITs or crowdfunding, or active investing by managing rental properties, using the BRRRR method, flipping houses, or listing spaces as Airbnbs.
If you are thinking about investing in the housing market or are already doing so and want to expand your portfolio, getting guidance from experts is a good start.
To help you on your way, here are some of the best real estate books for investors.
Five Best Real Estate Books
Real estate investing can help diversify a portfolio while also providing a hedge against market volatility; There’s a low correlation between real estate returns and stock market returns.
Real estate investing books can provide a broad overview of how to approach property investing or go into detail about specific investment kinds.
But how can you know which novels are worth your time and which are just filler?
Here are the best options to help you traverse every stage of your home investing journey as you create your library of real estate books.
1) The Book On Rental Property Investing – Brandon Turner
Brandon Turner is a real estate entrepreneur and the vice president of growth at BiggerPockets.com, a well-known real estate investing website.
He published “The Book on Rental Property Investing,” a simple reference that explains all you need to know about generating cash flow with rental assets. It also outlines the most common rental property investment blunders.
This book can help you position yourself to become successful if you’re seeking a beginner’s guide to rental property investing.
It’s packed with simple and direct strategies and doable advice for building and sustaining wealth through rental property investments that generate income.
2) Rich Dad Poor Dad – Robert T Kiyosaki
“Rich Dad, Poor Dad” is a book about how to invest in tangible assets like real estate and small businesses to build and grow wealth.
This book is considered one of the best reads on investing and personal finance. However, here are some essential lessons for real estate investors to take away.
This book is more about establishing a wealth mindset, and it encompasses real estate as a focal point instead of specific tactics.
The overriding concept is to use real estate to generate passive income so that investors may build a portfolio that provides consistent returns by working smarter, not harder.
Furthermore, this book provides plenty of motivation and inspiration as you begin your real estate investing journey.
3) The Book On Flipping Houses – J Scott
If you’re interested in flipping houses rather than long investing, J Scott’s “The Book on Flipping Houses” is a must-read.
He has established a very successful strategy for finding houses to flip, repairing them without diminishing profit margin, and reselling them for maximum profit as a professional flipper.
This book covers all you need to know about house-flipping as a real estate investment strategy. It starts from evaluating potential markets to obtaining finance for a renovation property, hiring contractors, and ultimately reselling it.
This book provides a detailed guide to the most crucial things you need to know, whether you are interested in flipping one property at a time or creating a full-scale house-flipping business.
4) The Book On Tax Strategies – Amanda Han & Matthew McFarland
Like any other sort of investment, investing in real estate has tax ramifications. As a real estate investor, you can deduct different expenses, but the trick is to make sure you’re taking advantage of them.
Aside from that, you must disclose any income you receive from real estate investments to prevent getting into issues with the IRS.
In “The Book on Tax Strategies,” Amanda Han and Matthew McFarland, both certified public accountants, draw on their experience and knowledge to provide a comprehensive tax reference for real estate investors.
If you’re not aware of how depreciation works or how to use a self-directed IRA to purchase property investments, for example, you can receive some ideas here.
If you’re seeking ideas and tips to reduce what you owe Uncle Sam on your real estate investments, this is a must-read to add to your list.
5) The Intelligent REIT Investor: How to Build Wealth With Real Estate Investment Trusts – Stephanie Krewson-Kelly and R. Brad Thomas
REITs may appeal to real estate investors who prefer a more hands-off approach to property investing. A REIT is a business that owns property investments; as a REIT owner, you benefit from the dividend income provided by those properties without the problems of being a landlord and dealing directly with tenants.
“The Intelligent REIT Investor” summarizes essential aspects of REIT investing as a wealth-building strategy. The writers show how to assess and choose which REITs to invest in based on the overall goals, risk tolerance e.g to a housing market crash, and investment time horizon.
If you want to start investing in REITs but don’t know where to begin, this book can assist you in understanding all about RIETs.
Whether you’re just getting started as a real estate investor or a seasoned pro trying to expand your portfolio, learning is crucial to creating knowledge and fine-tuning your approach.
Final Word on Best Real Estate Books
It’s one thing to read books, but where do you begin? To be successful as a new real estate investor, you must learn, but sifting through all the publications available can be difficult.
It can be challenging to find an excellent housing market book, especially if you do not read much. We’ve compiled a list of the best housing market books to assist you at every level.
You will uncover the insights you need to create value for your housing investment.
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Disclosure: The author is not a licensed or registered investment adviser or broker/dealer. They are not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money.
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Tim Thomas has investments in real estate.
This post was produced and syndicated by Tim Thomas / Timothy Thomas Limited.
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