A fully revised, new edition of one of the best-selling real-estate investing guides of all time. The Book on Rental Property Investing: How to Create Wealth and Passive Finding and Funding Great Deals: The Hands-On Guide to Acquiring Real Estate in Any Market Audible Audiobook . Well worth it's weight in gold.
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- The 10 Best Books for Real Estate Investing
- The 10 Best Books for Real Estate Investing - Alternative Investment Coach
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With a lot of solid ideas, this is a useful read for beginners who have yet to learn about various strategies. This is not a book for those looking for super subtle nuance or advanced tips that will help them get more out of borrowing from lenders. It is perfect for what it is, however—a basic guide to teach anyone new to the concept of borrowing for real estate investing how to completely understand all the related intricacies.
After reading this book, you will know how to get your loan approved and get the best deal humanly possible. What more could you ask for? This another book that I include because it has important points for running a real estate business—but the fact of the matter is that it also provides knowledge that is a lot broader. This book is great for entrepreneurs who are having trouble taking their profits to the next level.
Readers are given a new perspective to change the financial focus of their businesses. This provides business owners with valuable insight when doing taxes or looking for more financially efficient ways to run their businesses. The logic behind the concepts explained in this book are simple, with explanatory graphs and charts to drive home the author's points. This book is especially great for people who are new to running their own businesses or who are having trouble keeping their businesses afloat.
The author's tone is conversational and easy to read, but also firm about serious topics. With my first child being born not long before I purchased my first property, this book had a certain importance to me. I want my wife and child to be able to painlessly take over my various businesses should something unfortunate and unexpected happen to me. This book clearly lays out the fundamentals for effectively transferring estates and wealth.
The 10 Best Books for Real Estate Investing
The authors' goals in this book are to prepare beneficiaries for inherited wealth by looking at the person who is being entrusted as the organizer of the estate, rather than just the sole recipient. They focus on the transfer of opportunities that have the potential to last over multiple generations. Unlike other books that work with the benefactor to effectively plan his estate, this book focuses on preparing the beneficiaries who are receiving the wealth. While the advice is practical, it is also meaningful because the approach looks past the immediate future.
It also goes beyond talking only about wealth and assets and teaches lessons about family values, long-term visions, and goals. Having read this book, I feel like my family will be better able to handle any small amount I am able to leave them, and hopefully make it into something even greater. This biography of sorts tells the author's personal story of two father figures in his life, both of whom had an influence on his adult concepts of money and investing.
The book largely focuses on working for money versus investing your money in order to have it work for you. This book does not get down into too many of the dirty details on how to invest, but is more about explaining in clear terms why investing is so important. The most powerful points Kiyosaki makes are about investing and managing money. Some of these points include:. Overall, this book is not one of the most beneficial books to read about specifics of investments and finances.
However, The author's candid and insightful writing make it highly influential and inspirational. This is an important book to read because it will clearly show the important potential of investing. It will give you inspiration to continue your investment education and set you on the path to getting real-world knowledge. One aspect of real estate investing is flipping. This is what you often see on TV, where people get in and out fast, making a profit and moving on to the next investment.
It shows how to buy properties that you will keep for decades—properties that will help support you through retirement. This is a great read for people who have little to no money in retirement and are considering investing in a rental property to bring in additional income. It touches on matters such as how to choose the best investors based on their demographics, how to choose properties that will be worth a long-term investment, evaluating expenses, and managing properties.
Unlike some other books of this nature that make promises of getting rich quickly, this book provides a more realistic timeline for making money from rental properties. The author provides practical advice with verified statistics so as to not create a dream reality for the reader. I love this book, because this is how I plan to invest in my current and any future investments. Real estate may see slumps and climbs in home values, but people always need to rent, and rent prices always rise. This is another useful book for people who are looking to invest in real estate for the long term.
McElroy gives a helpful overview of the entire process of investing in real estate from beginning to end.
The book helps readers know what to expect in the industry and learn more about what they are getting into. One of the best things about this book is that it is direct and full of valuable information. There is no need to read through fluff to get to the meat of the subject.
McElroy also works to dispel myths about real estate investment that often keep people from getting themselves started. One of the most valuable parts of this property investment book is the author's explanation of formulas that can be used to analyze the potential outcome of an investment from a cash flow perspective. Many real estate investment books showcase all the positive possibilities. They dwell on the good. What I love about this book is that it teaches through analyzing real mistakes made in the world of real estate investing.
An entertaining and informative read, this book contains 21 true failures of real estate investment deals, and what to learn from these mistakes. This book is great for people who are looking to flip houses, as well as those who are investing in long-term real estate. Unlike the other real estate investment books that paint property as something that gives you complete control over your investment, this book faces the reality of the mistakes people often make that end up costing them a lot of time and money. This is an ideal read for people who are just getting into real estate, as it is important to realize there are dangers to go with the potential profits.
This book is great for people who are already in the business of investing in real estate. It concentrates on being an effective landlord to maximize your profits and decrease the stress that comes along with managing and owning rental properties. The great thing about this book is that it has something for everyone. It covers the basics of effective property management while also giving helpful hints for people who are seasoned in the industry. This is one of the more thorough real estate investing books. It offers both a new perspective and practical advice.
One of the best characteristics of this book is that the authors emphasize how important it is to take real estate seriously, but don't take themselves too seriously, leaving room for humor. If you enjoy reading about happiness, you may enjoy many other nonficrion self help books. If you do I encourage you to check out the Blinkist app. The idea here is to give you the key insights and important lessons — without wasting your time on pointless information.
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Saving money is something you should be doing as early as possible. Many 20 somethings and millennials ignore savings while they are young and greatly regret it. But if you follow the books in the link below, you will find out how to save money and climb out of debt, regardless of your income. Fortunately, there is a key to real estate investing success. That key is… Knowledge Knowledge is power, after all.
There is a ton of info out there, but these books are a great place to start. The Book on Rental Property Investing: This book teaches a realistic plan to help you find profitable deals and finance your rentals. The Sale of a Lifetime: It is a historic fact that times of trouble are also the times of greatest economic opportunity. No matter what your long-term goals are in real estate finance, this book includes: Essential valuation techniques The effects financing strategies have on investing How to structure real estate finances How to measure your investment performance Value analysis Methods of appraisal Understanding financial statements Case studies This book is a bit complex, with case studies that are meant to be useful for seasoned investors.
Building Wealth One House at a Time: It touches on subjects such as: Investing with no money down How to combine investing techniques How to attract lenders The downsides to investing and how to overcome them. It offers a reasonably simple plan to manage and grow your company's finances. Rich Dad Poor Dad: This is the quintessential book on the power of investing.
The 10 Best Books for Real Estate Investing - Alternative Investment Coach
Some of these points include: Making wise investments Understanding your taxes Reducing your tax liability if you are able to Real-world experience is where you will learn the most Overall, this book is not one of the most beneficial books to read about specifics of investments and finances. Retire Rich from Real Estate: This book is not about that. If anything, this book is the opposite. Real Estate Investing Gone Bad: The Book on Managing Rental Properties: I must also observe, perhaps overly cynically, that there are generally no commissions on foreclosures and that there often is no money to pay a commission in a nothing-down sale.
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Their protestations to the contrary notwithstanding, the fantasy world of get-rich-quick gurus does make a few appearances in this book. According to Strauss and Stone, real estate investors get positive cash flow. They say one way to make sure you avoid negative cash flow is to charge market rent. Charging market rent is a sign of the most minimal management competence. Much of the book is cliched discussion of investment. The authors attribute that to Mark Twain. I believe it was Will Rogers.
Huge areas of the world that were under communist government control are coming onto the private land market. Drive across the U.
If you are not convinced at the end of your drive, go back across again through Canada. I recommend that you never use a fee-paid property manager. In-house property managers are OK. These authors say you should manage properties yourself initially so you can do a better job of supervising managers later when you hire them. I agree, but I would do it to manage your salaried resident managers and in-house property managers, never a percent-of-the-gross, outside property manager.
The problems with them are they almost invariably neglect your property and take kickbacks from suppliers and subcontractors who overcharge. They also use the most expensive contractors and suppliers because those guys are the least trouble for the property manager to work with. Technically, FHA has long offered financing on one-to four-family dwellings. However, as a practical matter, it is my understanding that it is virtually impossible to get such financing on three- or four-family buildings because of FHA demands for absurdly high debt-coverage ratios and their refusal to count all rent.