There are a lot of great real estate investing books out there… and even more bad ones. From buying homes with no money down to flipping houses, there are many different strategies available to investors.
To help you get on your way to wealth more quickly, here are a few of the best real estate investing books to look out for:
The Book on Investing in Real Estate with No (and Low) Money Down
Written by Brandon Turner, the title of this book says it all. Even though the subject of buying homes with no money down is often associates with scammers and late night gurus with crazy hair, it doesn’t have to be scammy.
There are several strategies that investors, both new and experienced, can use to get homes without a large investment. These are methods that most people don’t even consider, because the vast majority of people go the traditional route of getting a realtor, financing the home over 30 years with a bank, etc.
Even if the idea sounds too risky, give this book a read. You might be surprised and find this to be exactly what you’re looking for. There’s a reason why most sites consider this one of the must-read real estate investing books.
Landlording on Autopilot
Just like it sounds, Mike Butler’s book is all about turning the stressful job of landlording into something much more passive.
When you tell most people that you’re looking at becoming a landlord, they’ll likely bring up stories or leading questions.
“What about if the toilet breaks at 3 a.m.?”
“What about when a tenant moves out and wrecks the place?”
They’ll likely discourage you, even if they’ve never tried landlording before!
This book will ease your fears instilled by your loved ones. Not only will it help you be prepared for what may happen as a landlord, but you will also learn how you can take action before things get out of control.
Real Estate Investing for Dummies
In case you’ve never picked up one of these books, this is a good time to start. There’s a reason why this series of books has been so successful over the years.
The best thing about this book is that it tells you a little bit of everything. Financing, finding a good realtor, what to look for in a home, renting vs. flipping- you name it, it’s here.
If you’re just getting started and you aren’t sure the best route to take, this is probably one of the best real estate investing books for you. Once you know the basics, you can move onto the more advanced strategies taught by other books.
Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth
Many experienced real estate investors will tell you that multifamily homes are the best way to go. Buying the homes requires the same kind of mortgage as purchasing a single family home, but you get multiple streams of income, making it easier to achieve positive cash flow each month.
The reason you need a book on these types of homes is to help you know what to expect. Larry Loftis also explains how you can do this in your spare time, since most investors are still working full time jobs. And even though some things have changed over the years (such as lending requirements), this is still a great book for new investors to glance through.
A few honorable mentions for real estate investing books are Rich Dad Poor Dad by Robert Kiyosaki, Building Wealth One House at a Time: Making it Big on Small Deals by John Schaub, and Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time by Larry Loftis. The last one in particular is great if you don’t have the cash or want to take the risks of immediate home ownership, but want to make great returns on the cash you do have available.