Best Real Estate Books For Beginners

The Millionaire Real Estate Investor

One of the finest books of real estate for beginners written by Gary Keller is filled with a lot of practical advice for people who want to enter the world of real estate and earn money through it. This particular book shares with the reader the experience of 100 plus millionaires from all walks of life. The stories of all investors encourage beginners to take steps and get into real estate for financial freedom and a lot of wealth. The book is written beautifully and follows simple steps, with easy language and a handy cover. This book teaches readers about:

  • Myths related to money
  • Developing the mindset of a millionaire
  • Identification of great real estate investment opportunities
  •  Developing a team to help you build a millionaire investment business
  • Proven strategies and methods used by millionaire investors
  • Building a strong network

This book is a book to inculcate in you the millionaire mindset and set you on the journey of being a millionaire.

One Rental at a Time

Michael Zuber’s ‘One Rental at a Time’ encourages a reader to invest in real estate and get rid of their day job with time. It is considered a life-changing book that helps a reader know the value of a second income in life that leads to financial freedom and wealth. It is a brief book that covers Michael’s life and his personal experiences in the real estate field that helped him earn a great sum. The whole book is based on a Chinese proverb, “The best time to plant a tree was 20 years ago, and the second-best time is just now”.

The Book On Estimating Rehab Costs

The Book On Estimating Rehab Costs written by J. Scott comes with many wisdom points. J. Scott guides the readers that every property comes with surprises and new dimensions, so it is essential to have a well-rounded knowledge about the investment costs in a property. The investing cost of any property can easily make or break a deal. J. Scott is the author of 3 more investing books on real estate. He wrote all his books from his own experience in real estate. This book has been helping thousands of people worldwide to step into real estate.

Keepers of the Castle

William J. Ferguson’s “Keepers of the Castle: Real Estate Executives on Leadership and Management” focuses entirely on real estate executives and their thoughts on management and leadership. This book tells a reader about the big real estate players and how they view the real estate business. This book examines America’s largest industry and analyses the shift in the real estate business. Moreover, it identifies the attributes of board chairs, executives, and leading people as they actually guide their own businesses through a profound change. 

Rich Dad Poor Dad

It is one of the most prominent books of all time by Robert T. Kiyosaki. It encompasses the basics of personal financing and investing. As per the author, most of the world population is not financially literate, including first-time investors. Therefore, this book gives a comprehensive yet complete understanding of an educated way of investing in any deal in life. The main essence of the book lies in using money for wealth development. 

This book is about two dads of the author. One was his own dad (poor), and another was the dad of his best friend (rich). The author compares and contrasts both the dads and teaches that earning a high income doesn’t label you as rich. He explains how both men shared their thoughts about investing, money and finance.

Mastering the Art of Commercial Real Estate Investing

Dough Marshall writes this book about commercial real estate which states the time-proven principles for investing in real estate. Commercial real estate is very different in nature from residential real estate. The author states the benefits of commercial real estate investing by stating six specific laws. The author focuses on the timing of buying a commercial property and when is the right time to pass on the deal with a good profit. This book teaches the readers:

  • Benefits of commercial real estate
  • Real estate cycle
  • Market emotions
  • Laws of real estate investing
  • Habits of successful commercial real estate investors
  • Lessons learnt by the author in his life
  • Mistakes made by property owners

The ABCs of Real Estate Investing

 “The ABCs of Real Estate Investing” by Ken McElroy is entirely for beginners who are just thinking of entering the real estate world. The book teaches the readers to earn through real estate. This book also introduces ways to increase income through property management tools. This is a great book for starters and an easy read without any complicated language or ideas. The book teaches the cash flow generated from property investment, which leads to financial freedom and easy life. This book will teach readers:

  • How to achieve wealth through real estate?
  • How to make cash flow through real estate?
  • How to find a property with true potential?
  • How to unlock the myths that are pushing you back from real estate?
  • How to evaluate the property price?
  • How to evaluate the purchase price?
  • How to negotiate in the real estate business?
  • How to increase income using property management tools?
  • What are the best-proven property management tools?

Who Moved my Cheese?

Spencer Johnson’s ‘Who Moved my Cheese’ metaphorically talks about the change in life, which also brings stress. Basically, it is a fun story of 4 characters who live in a maze and how they react when any sudden situation deprives them of their dear and loved cheese. How they deal with the change and their reactions speak volumes about humans and give great lessons on dealing with stress. The world of real estate is also stressful, so it is a wonderful book that teaches real estate investors life lessons to deal with stress in their life. The book teaches readers a lesson of ‘KeeP Moving On. life becomes an adventure when a person accepts uncertain situations and acts accordingly. Any change in life helps us grow and learn from our own mistakes. So, if you are fresh to the game of real estate, then you should give this book a read to stay motivated, encouraged and hopeful. 

The Entrepreneur Mind

“The Entrepreneur Mind: 100 Essential Beliefs, Characteristics, and Habits of Elite Entrepreneurs”, written by Kevin D. Johnson, are quite useful for aspiring investors to develop an accurate entrepreneurial mindset to move ahead in their life. According to the author, success comes with a new way of thinking. In order to be successful in life, one must change thinking and develop an entrepreneur mindset. The author quotes the examples of Mark Zukerberg, Sara Blakely, Mark Pincus, Kevin Plank and other famous personalities worldwide. This book is ideal for starters who want to enter the real estate world. Every success starts with thinking; therefore, it is important to change thinking to achieve unimaginable success.

Building Wealth One House at a Time

Building Wealth One House at a Time by John Schaub is considered a masterpiece because of the author. The author is known as a real estate expert. He has his own mini real-estate empire. The book reaches its readers to accumulate one million dollars worth of houses without any debt, earn a handsome amount, and live an independent life. The major theme of this book is ‘Common Sense’. Schaub gives plenty of ways and techniques for stepping into each phase of real estate, like researching, buying, holding onto, and then selling the property. This comprehensive book talks about every phase and aspect of real estate that helps beginners to take a fresh start with the expert tips in mind. 

The Fastest, Easiest Way to Get Started in Real Estate Investing 

The Fastest, Easiest Way to Get Started in Real Estate Investing by Than Merrill is considered the bible of real estate. The author talks about wholesaling real estate strategies that are so simple and have fewer risk factors involved in them. Merrill teaches his readers to find and analyse the wholesale deals and then sell them quickly without any fears.

The art of wholesale real estate business is mastering the skills and minimising the risk. It teaches you how to earn a good profit from real estate wholesaling without any previous experience or even a huge capital. It is a simple, profitable and perfect real estate business.

The Book on Tax Strategies

 Two certified public accountants write this book, using their knowledge, experience and talent to give a detailed tax guide for real estate investors. For every investor, tax is something integral to be understood. Several expenses can be deducted as a real estate investor, but you should know about your tights and be eligible for every deduction you will claim. The authors advise reporting the income earned through property investment to avoid any troubles with the IRS. This book is a must-read if you are new to this business to know the tights, tips and importance of taxes in the real estate business. The book gives real-life examples to teach the readers about real estate taxes in a better way. 

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