Rental property investment can be a rich and rewarding field, but more is needed. It is quite literally the opposite of simple. A real estate investor, whether upcoming or late in the field, can greatly benefit from the knowledge of others.
One of the best methods to gain information and knowledge from others is through reading books. This allows others to impart their wisdom on the subject and readers to gain some valuable insights on the same.
In today’s market, the issue or challenge that arises is which book to choose from, an option of hundreds and thousands of books written on the same subject matter. This is where we pitch in and provide you with the top 5 must-read books.
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This is a personalized guide for some of the best real estate investment books. A short description of the books will also be provided in order to help you better choose your pick.
Personal Best: Writer Recommended
The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing
The book was written by Brandon Turner, a well-known and active real estate investor and co-host of the BiggerPockets podcast. The book claims to have covered everything needed to know regarding property investment.Â
The book certainly provides a good amount of information and knowledge regarding the subject matter but certainly only covers some of what is needed to know.Â
This 2015 book provides a strong foundation for upcoming investors to learn the ABCs of the market. It covers topics such as due diligence, rental property success, analyzing real estate properties, exit strategies, and much more.
Best: Commercial Property Investment
ABC’s of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss
The book was written by Ken McElroy, the host of ‘Real Estate Strategies with Ken McElroy’ and a real estate counsellor to Robert Kiyosaki of The Rich Dad Company. He has spent several years managing and developing multifamily assets and properties.Â
This 2004 book largely covers the fundamentals of commercial investing, including negotiating transactions, making offers, finding markets, assessing possible investment possibilities, and much more.
Best: Financing Budgets or Deals
The Book on Investing in Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real EstateÂ
This book interestingly questions the assumption that you need a million dollars to start investing in real estate holdings. As you may have guessed, the book has loads to talk about with regard to the financial aspect of investment.Â
This 2020 book (2nd edition) by Brandon Turner covers multiple finance methods to kickstart the investment journey. It is an easy conversational read, unlike some of the other books he has published.
The book mentions the best strategies to secure first property, attract private financiers, lenders, and so on, loan utility, and much more. It also provides real-life examples and questions you from holding back on real estate investment merely due to financial reasons.
Best: New Landlords
The Book on Managing Rental Properties: Find, Screen, and Manage Tenants with Fewer Headaches and Maximum Profits
A great property is worthless unless it is managed appropriately. Property management is an important component of real estate investment that demands various techniques and expertise.
Heather and Brandon Turner wrote the book, which was published in 2015. It focuses on the best tactics for managing renters, maximizing revenues, equitable housing, lease agreements, and much more.
The book is interesting to read because the author and co-author relate their personal experiences with failure and achievement to help you avoid them.
Best: BRRRR Investing Strategy
Buy, Rehab, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple
The author, property investor, and broker of this 2019 book, David Greene, was the first to strategize and develop the BRRRR method.Â
The book outlines his work and frames each process, from searching for deals and buying below-market value to framing rent prices. The author has quite keenly explained the strategies to scale or expand the investment business.Â
This provides strategies to scale from a few houses a year to many more. Moreover, there is other great advice apart from the BRRRR method. The book contains various financing strategies, increasing property value, identifying markets, and much more.