Investing in real estate is a great opportunity for those who wish to diversify their investment portfolio. However, since this type of investing differs from most traditional ways, investors could be unsure on how to get into this sector.
Here we recommend our top picks on what books can better educate those who wish to get into real estate investing. These books span from different forms of real estate and how different property types change one’s investment perspective.
Quicklook: Best Real Estate Investment Books
- The Book on Rental Property Investing: Best for Learning About Rental Investments
- Mastering the Art of Commercial Real Estate Investing: Best for Commercial Real Estate Investing
- The Book on Flipping Houses: Best for Learning About Flipping Houses
- How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started: Best for Beginners
- Real Estate Investing: The Ultimate Guide to Create Wealth & Passive Income With Rental Property Investing: Best for Creating Passive Income
Table of Contents:
- Best Real Estate Investment Books
- What Is a Real Estate Investment?
- How Do Real Estate Investments Work?
- What to Consider When Finding Real Estate Investing Books
- Is Real Estate Investing Right for You?
5 Best Real Estate Investment Books
Here are our top 5 real estate investment books. We break them down by learning objectives, pricing, and what unique features each book obtains.
The Book on Rental Property Investing by Brandon Turner
Best for Learning About Rental Investments
This book specializes in educating readers about investment strategies for rental properties and how to efficiently manage these properties. In depth the book discusses what unsuccessful real estate investors do and how to avoid these mistakes. In addition, how to negotiate property prices even in competitive markets.
About the Author: Brandon Turner is an active real estate investor who goes into depth on how he gained his real estate success. In addition to being a real estate investor and author he is the Vice President of BiggerPockets, a podcast specializing in the real estate investment community.
- Ideas on how to finance rentals without large capital
- Four unique easy-to-implement strategies
- Advice on how to manage your taxes without taking away your wealth
Pricing: $4.99 on Kindle and $7.95 on Audible
Mastering the Art of Commercial Real Estate Investing by Dough Marshall CCIM
Best for Commercial Real Estate Investing
Due to Douglas Marshall’s expertise in commercial real estate investing, this book highlights six immutable laws of commercial real estate investing and how to build wealth through this type of investment. It goes in depth on when is the best time to invest into property and when an investor should steer clear. It provides easy to follow instructions on how to implement these strategies as well offers personal examples.
About the Author: Douglas Marshall has more than 40 years of real estate investing experience (33 of which was focused on financing apartments and commercial properties). He additionally founded a commercial mortgage brokerage, Marshall Commercial Funding Inc., in 2003. Marshall has an MBA from University of Oregon and has recently founded the Hope for the Homeless Foundation in 2019.
- Six immutable laws of commercial real estate investing
- How to reduce risks
- What loans to choose from to optimize cash flow
Pricing: $11.99 on Kindle and $13.39 for paperback copy
The Book on Flipping Houses by J. Scott
Best for Learning About Flipping Houses
This book is a great blueprint for those who are interested in flipping properties and gives clear instructions on how to get started. In depth it discusses how to implement 7 creative financing strategies for properties and how to identify prime locations to build your flipping house business. In addition it discusses how to focus on large renovation projects in an efficient and time sensitive fashion.
About the Author: J. Scott took an untraditional path when it came to real estate investing. Starting from Silicon Valley, holding management positions at companies such as Microsoft and Ebay, he decided to get into real estate investing. Currently, he has sold and held onto over $60 million worth in properties. Lastly, he is a co-host on BiggerPockets podcast, highlighting the best ways to flip houses.
- How to find the best talent to manage your flip
- Learn to evaluate a potential properties profitability
- How to implement 7 creative financing strategies
Pricing: $9.99 on Kindle and $18.69 for a paperback copy
How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started by Brandon Turner
Best for Beginners
This book specializes on the basics and beginner tips for those who are interested in getting to know more about the process of real estate investing. It provides 41 real-life stories of those who succeeded in real estate investing and how they achieved their goals.
It gives advice how to manage real estate investing while having a full time job and how to allocate your income into these investments. In addition, what 8 properties potential investors should look into today when trying to start out in this business.
About the Author: Brandon Turner and Joshua Dorkin are the co-authors of this book – highlighting each of their specialities. Brandon Turner additionally wrote The Book on Rental Property Investing. Joshua Dorkin is a serial entrepreneur and is an advocate for making real estate investing a leveled playing field for investors regardless of their income level.
- Understanding the details of partnerships or BRRRR investing
- 28 tested methods for finding great real estate deals
- How to balance a full time job while investing in real estate
- How to work that full time job to your advantage
Pricing: $9.99 on Kindle and $7.95 on Audiobook
Real Estate Investing: The Ultimate Guide to Create Wealth & Passive Income With Rental Property Investing by Armani Murphy
Best for Creating Passive Income
This book focuses on how to invest in real estate without having to be an active investor. It goes in depth what type of properties potential investors should look for and where beginners can start off. This straightforward book explains what formulas one should implement when deciding if a property is profitable and whether it is worth investing in.
About the Author: Armani Murphy has published more than 10 books focusing on goal setting, online income, and how to start a small business along with various other subjects.
- Focuses on essential profitability formulas
- How to finance properties
- How to find the best real estate deals
Pricing: $2.99 on Kindle and $14.99 for a paperback copy
What Is a Real Estate Investment?
Real estate investing is purchasing property as a way to generate income off of rather than for residency. This form of investing can take many forms such as investing in commercial properties, rental properties, flipping homes, and much more.
In short, the goal is to generate profit and build ownership of the property while the value of it rises.
How Do Real Estate Investments Work?
In short, a real estate investing is a financial strategy that utilizes management, ownership, renting, and or the sale of the property to generate profit. This highly lucrative investment has investors profiting more than six figures on successful projects.
Real estate investments can come in various forms such as rentals, commercial, or flipping homes.
What to Consider When Finding Real Estate Investing Books
Prior to reading real estate investment books, take a couple of factors into consideration to see if the book will align with your desired objectives.
In order for the book to hold credibility, it needs to have a credible author. An author can build credibility from speciality in the field and having their own success stories. It is important to research who the author is prior to reading a real estate investment book.
Clear Learning Objectives & Your Investment Goals
Before purchasing a real estate investment book, ask yourself what do you want to learn? Answering this will help you narrow down your selection of books and find those that better align with your learning objectives.
In addition, a book’s learning objectives will outline what exactly it will be discussing and what advice is given. It is important to look into books with clear objectives since it better educates the reader on what exactly they are going to learn.
Is Real Estate Investing Right for You?
Our top picks will help guide you whether real estate investing is right for you. Whether you are searching for rental properties or wish to be a passive investor, discuss with your financial advisor if this type of investment is a good fit for you.
Your financial advisor will discuss what type of investments would best suit your lifestyle and investment goals. If you don’t have a financial advisor, read more here on how to get one.
Frequently Asked Questions
If you wish to ease into real estate investing: educate yourself on different sectors of real estate investing, look into REITs, use an online real estate trading platform, and think about investing in rental properties.
Real estate investing is a great investment for those who wish to diversify their investment portfolio. Since this market has low correlation with the stock market it is a great alternative for those who are looking for low volatile investments.
Depending on how much you invest into real estate determines this, however beginner investors typically make around $15,000 to $18,000 annually in their investments. Although, there are various external factors that determine this profit.