8 of the Best Books on Real Estate Investing (2024)

Are you looking to dive into the world of real estate investment, but aren’t quite sure where to begin?

Investing in real estate can prove to be very lucrative. However, you need to know what you’re doing before you get started. Otherwise, you could end up losing a lot of money.

To learn the ins and outs of real estate investment, I suggest you start with some reading. Which books should you be reading?

Check out this guide to discover the best books on real estate investing.

1.Building Wealth One House at a Time (Updated Edition)

One of the best books to check out on real estate investment is Building Wealth One House at a Time, by John Schaub.

This book is jam-packed with valuable strategies on how to acquire and fund properties. It also includes a 9-step program on how to make millions in real estate without acquiring any debt.

Schaub also teaches readers how to improve their negotiation skills, avoid common and costly mistakes, finance real estate purchases, and create continuous cash flow.

2. Long-Distance Real Estate Investing

Another great book to check out is Long-Distance Real Estate Investing. Written by David Greene, this book walks you through how to set up and grow a real estate investment business from anywhere in the world.

Greene explains the system he developed to successfully renovate and turn a profit on over twenty rental properties. In addition to talking about his triumphs, Greene also walks you through his failures, which will help you avoid making the same mistakes he made early on.

In this book, you’ll also learn how to:

  • Put together an all-star real estate investment team
  • Speak the language of contractors, agents, property managers, and lenders
  • Identify the right neighborhoods to buy property in
  • Choose the best renovation materials
  • Find great deals in any location
  • Handle projects from thousands of miles away

Whether you’re looking to invest in property in your neighborhood or in another state, this is a great book to check out.

3. The Book on Investing in Real Estate With No (And Low) Money

One of the biggest misconceptions of real estate investment is that you need to be rich to get your foot in the door.

Whilestarting out with a good chunk of money can certainly help your investment prospects, it doesn’t guarantee success. If you’re coming into the real estate investment game with very little money, then this is the book for you.

Written by Brandon Turner, this book presents you with a number of different strategies on how you can creatively invest in the real estate industry with little money.

4. The Millionaire Real Estate Investor

The Millionaire Real Estate Investor by Gary Keller is jam-packed with information for budding investors.

Keller collects wisdom from hundreds of different real estate investors to create a book that will help you identify investment opportunities, score great deals, and develop a stellar team.

After reading this book, you’ll know how to:

  • Develop criteria for identifying great investment opportunities
  • Develop your real estate investment dream team
  • Build your network
  • Generate leads for properties
  • Get the best possible deals on your properties

This is one of the best books on real estate investment out there, so be sure to get your hands on it!

5. Retire Early With Real Estate

Do you dream of retiring before the age of 65? Do you fantasize about quitting your 9 to 5 job and living a free lifestyle?

While this may sound like a pipe dream, this is exactly what Chad Carson, the author of Retire Early With Real Estate, did at the age of 37!

Real estate investment can be the gateway to financial freedom, and Chad Carson is ready to show you how to achieve this freedom with his book. Carson provides his readers with a 5-step process to create a real estate early retirement plan.

6. Flip Your Future

As we mentioned earlier, you don’t need millions of dollars to be a successful real estate investor.

Ryan Pineda, the author of Flip Your Future, is proof of that, as he started out with just $10,000 when he first got into the real estate investment game. Not only is Pineda an accomplished author, he now runs a successful million-dollar real estate investment business.

How did he pull this off? You’ll have to read Flip Your Future to find out. In this book, Pineda walks his readers through the flipping process he used to become a successful millionaire. You’ll learn how to find rehab properties, fund them, and renovate them.

7.Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple

If you want financial freedom to seem more attainable than ever, then you need to check out this book by David M. Greene.

While most investment guides teach you how to buy new homes every few years, this book teaches you how to do it every few weeks. Greene teaches readers how to identify ideal investment properties, hone their negotiation skills, and increase the value of the properties they invest in.

Greene also includes a refinancing section in his book that will help you save thousands of dollars.

8. How to Invest in Real Estate: The Ultimate Beginner’s Guide for Getting Started

When it comes to learning the basics of real estate investment, this is one of the best books out there.

The author of the book, Brandon Turner, gives you a complete overview of the real estate investment process. While you won’t get in-depth strategies in this book, you will get thorough overviews of various investment strategies.

The Best Books on Real Estate Investing

Armed with the best books on real estate investing, you’re ready to start evaluating deals and acquiring properties. This is the fun part, where you get to become a real world real estate investor.

If need the acquire the funds to get started, then check out this guide to learn how to make six-figures.

Want to stay in the loop? Join nearly two million other readers who are learning how to increase income, invest for cash flow, skyrocket confidence, and so much more.
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8 of the Best Books on Real Estate Investing (2024)

FAQs

What is the 1% rule in real estate investing? ›

The 1% rule of real estate investing measures the price of an investment property against the gross income it can generate. For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price.

What is the golden rule of real estate investing? ›

It was during this period that Corcoran developed what she calls her "golden rule" of real estate investing. This rule calls for investors to put 20% down on properties and then get tenants whose rent payments cover the mortgage.

Why 90% of millionaires invest in real estate? ›

Federal tax benefits

Because of the many tax benefits, real estate investors often end up paying less taxes overall even as they are bringing in more income. This is why many millionaires invest in real estate. Not only does it make you money, but it allows you to keep a lot more of the money you make.

What are the 5 keys of real estate investing? ›

Here are five guiding principles I've discovered over the last ten years for building a profitable yet balanced real estate investment business:
  • Teamwork and Shared Responsibility. ...
  • Market Positioning and Public Relations. ...
  • Capital and Property Market Understanding. ...
  • Strategic Planning and Risk Management.
Jul 2, 2023

What is the 80% rule in real estate? ›

It's the idea that 80% of outcomes are driven from 20% of the input or effort in any given situation. What does this mean for a real estate professional? Making more money in real estate is directly tied to focusing your personal energy on the most high value areas of your business.

What is the 50% rule in real estate? ›

The 50% rule or 50 rule in real estate says that half of the gross income generated by a rental property should be allocated to operating expenses when determining profitability. The rule is designed to help investors avoid the mistake of underestimating expenses and overestimating profits.

What is the 7 rule in real estate? ›

In fact, in marketing, there is a rule that people need to hear your message 7 times before they start to see you as a service provider. Therefore, if you have only had a few conversations with the person that listed with someone else, then chances are, they don't even know you are in real estate.

What is the platinum rule in real estate? ›

Most of us have heard about the “Golden Rule” of treating people the way you want to be treated, but there is one better, the “Platinum Rule” – treat people how they want to be treated.

What is the 10X rule in real estate? ›

At its core, the 10X rule mandates that one should set targets that are 10 times what they initially thought achievable and then expend 10 times the effort to reach those targets. Origins: Stemming from the business world, its applicability has transcended sectors, with real estate being a primary beneficiary.

What asset makes the most millionaires? ›

How the Ultra-Wealthy Invest
RankAssetAverage Proportion of Total Wealth
1Primary and Secondary Homes32%
2Equities18%
3Commercial Property14%
4Bonds12%
7 more rows
Oct 30, 2023

What type of real estate is the best investment? ›

One reason commercial properties are considered one of the best types of real estate investments is the potential for higher cash flow. Investors who opt for commercial properties may find they represent higher income potential, longer leases, and lower vacancy rates than other forms of real estate.

Why do rich people buy so many houses? ›

Most of the time, owning a house that large is a tax strategy. By financing the house (sometimes 100% financed), the owner gets to write off the mortgage interest on her personal income taxes. Having idle cash, the ability to borrow, and taxes needing reducing is a recipe for buying real estate.

What are the 4 P's of real estate? ›

If you've been working as a professional marketer anytime in the last 60 years, you are likely familiar with the four Ps of real estate marketing: product, price, place and promotion.

How do I avoid 20% down payment on investment property? ›

Yes, it is possible to purchase an investment property without paying a 20% down payment. By exploring alternative financing options such as seller financing or utilizing lines of credit or home equity through cash-out refinancing or HELOCs, you can reduce or eliminate the need for a large upfront payment.

What is the 5 2 rule in real estate? ›

During the 5 years before you sell your home, you must have at least: 2 years of ownership and. 2 years of use as a primary residence.

Does the 1% rule in real estate still work? ›

The 1% rule is a guideline real estate investors use to choose viable investment options for their portfolios. Although the rule has helped many investors make wise decisions regarding their investment properties, the current real estate market may make following the 1% rule unrealistic.

Is the 1% rule still realistic? ›

Is The 1% Rule Realistic? Many people find the 1% rule helpful, but there are some shortcomings with using this strategy. For one thing, properties that fail to meet the 1% rule are not necessarily bad investments. And likewise, properties that do meet the 1% rule are not automatically good investments either.

Is the 1% rule outdated? ›

Initially, the 1% rule was developed in a different real estate climate when median rents exceeded home prices. Today, the market has shifted, with home appreciation rates surpassing rent growth. Relying solely on the 1% rule can lead to inaccurate assessments of a property's potential.

Is the 1% rule still valid? ›

The 1% rule used to be a pretty good first metric to determine whether a property would likely make a good investment. With currently inflated home prices, the 1% rule no longer applies.

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