With so many books available, it sometimes becomes difficult to find the ones that stand out in providing value to a savvy real estate investor. The million-dollar investor question is, what makes a great real estate investing book?
As we reviewed and evaluated hundreds of books to make this list, we found out that the 10 books that we picked had these three factors in common that were vital for an investor who is starting out.
- Hands-on practical knowledge about investment strategies and techniques
- Real-life case studies
- Inspiration and motivation
The best real estate investing books provide practical knowledge that can be easily applied but more so, they inspire you to love and appreciate the journey of becoming a successful investor in real estate.
If you are an investor with a desire to build wealth in real estate without worrying about the unpredictability of the financial markets, schedule a call with a team member at CWS Investments. We offer investors an aimed 8 – 10% annualized return, distributed monthly through dividends.
1. “Rich Dad Poor Dad” by Robert T. Kiyosaki
An iconic personal finance book, “Rich Dad Poor Dad” contrasts the financial philosophies and practices of the author’s “rich dad” and “poor dad.” Kiyosaki emphasizes the importance of financial education, advocating for real estate investing as a path to financial freedom. He introduces readers to the concept of building wealth through investments, particularly in real estate, rather than traditional employment. Highlighting the significance of cash flow and passive income, this book offers a solid starting point for beginners in real estate investing.
2. “The Millionaire Real Estate Investor” by Gary Keller
Gary Keller’s “The Millionaire Real Estate Investor” serves as one of the best real estate investing books of all time. It collates the wisdom and experiences of successful investors, offering practical strategies for anyone—from beginners to seasoned investors. Addressing aspects of both personal finance and real estate investing, the book covers finding real estate deals, negotiating them, and managing rental properties. The goal? Achieving financial freedom through a successful real estate portfolio.
3. “The Book on Rental Property Investing” by Brandon Turner
A must-read for those looking for books on real estate investing for beginners, this guide dives deep into rental property investing. Brandon Turner provides a comprehensive overview, offering real-world examples and practical advice on everything from finding and financing rental properties to property management. With insights into tax strategies and the benefits of real estate investing, this book paves the way for both novice and experienced real estate investors to create passive income and pursue financial wealth.
4. “The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment” by William J. Poorvu
Providing a look into both commercial real estate investing and residential sectors, Poorvu’s book is rich with real-life examples and insights. A savvy real estate investor’s tool, it lays down principles for evaluating deals, managing properties, and building a successful real estate business. Drawing from his vast experience, Poorvu emphasizes the importance of an informed investment strategy, offering a holistic view of the real estate investing journey.
5. “Building Wealth One House at a Time” by John Schaub
John Schaub’s guide offers practical strategies for the active real estate investor. Demonstrating how even a single rental property can set one on the path to financial independence, the book covers topics like finding deals, negotiating, and managing properties effectively. With a focus on achieving financial freedom and building wealth through real estate investments, Schaub provides both practical advice and real-world examples, making it an invaluable resource for those embarking on their real estate investing journey.
6. “The ABCs of Real Estate Investing” by Ken McElroy
A foundational guide for anyone seeking financial freedom through real estate, McElroy breaks down essential principles for the budding real estate investor. Covering basics from understanding cash flow to managing rental properties, the book offers a comprehensive look at creating passive income and building wealth. With practical advice and real-world examples, this read establishes itself as a cornerstone among books on real estate investing for beginners, highlighting the path to becoming a savvy real estate investor.
7. “Real Estate Investing For Dummies” by Eric Tyson and Robert S. Griswold
As part of the renowned “For Dummies” series, this book acts as an ultimate beginner’s guide, demystifying real estate investing for newcomers. Tyson and Griswold offer insights into different facets of real estate, from rental property investing to commercial real estate. They delve into practical strategies for finding and financing properties, understanding real estate taxes, and achieving financial freedom. With a blend of personal finance and investment advice, it’s a solid starting point for anyone aiming to become a successful investor.
8. “How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started” by Joshua Dorkin and Brandon Turner
Emphasizing the foundations of real estate investing, this guide, as the title suggests, is tailored for beginners. Dorkin and Turner discuss various avenues, from buying properties to managing rental properties. They combine practical strategies with real-life examples, enabling readers to gain both theoretical knowledge and actionable insights. Highlighting the importance of creating passive income and achieving financial freedom, it’s a must-read for anyone embarking on their real estate investing journey.
9. “Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits” by David Lindahl
Lindahl delves deep into the multifamily asset niche of real estate investing, unveiling strategies to achieve financial wealth. By focusing on repositioning apartments, he offers insights into tapping into big profits. The book is rife with real-world examples, guiding both novice and experienced real estate investors through the intricacies of commercial real estate investing, particularly in the multifamily sector. It showcases the path to building a multi-million dollar portfolio and pursuing financial wealth.
10. “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” by David Greene
In Long Distance Real Estate Investing, Greene introduces a unique perspective on real estate investing, focusing on the nuances of out-of-state investing. Addressing challenges like finding real estate deals from a distance and managing rental properties remotely, this guide provides invaluable insights for active real estate investors looking to expand their portfolio beyond local boundaries. Practical strategies, combined with real-life examples, make this a go-to guide for those aiming to achieve financial freedom, even from afar.
Begin Your Real Estate Investment Journey with CWS Investments
Any combination of these books will provide you with timeless insight into how to navigate the nuances of the real estate industry. Exceptional and easily actionable knowledge, real-world experiences, and the ability to inspire new real estate investors are what make these bodies of work the very best at showing you how to create wealth.
Most of our 500+ investors have read at least three of the books on this list and their views and opinions formed the basis of coming up with this list. Whether directly or indirectly, the knowledge and investment wisdom from these books nudged them to partner with and invest in CWS’ mortgage note fund.
Frequently Asked Questions About Books on Real Estate Investing
1. What are the best real estate investing books for beginners?
For those new to real estate investing, several books stand out as essential reads. Titles like “The Millionaire Real Estate Investor” offer insights into the journey of becoming a successful real estate investor. Additionally, books such as “The Book on Rental Property Investing” provide foundational knowledge on rental properties, property management, and the basics of real estate. These guides serve as valuable resources for any budding real estate investor.
2. Which is the best real estate investing book of all time?
“Rich Dad Poor Dad” by Robert T. Kiyosaki is considered one of the best real estate investing books of all time. It delves into the significance of pursuing financial wealth through real estate, emphasizing the difference between active income and investment income. The book has inspired countless real estate investors to embark on their journey towards financial freedom.
3. What is the best real estate investing book of 2023?
“The Millionaire Real Estate Investor” by Gary Keller and “How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started” by Joshua Dorkin and Brandon Turner
4. What is the best rental property investing book?
“The Book on Rental Property Investing” by Brandon Turner is often recommended for its comprehensive take on rental property investing. Covering topics from property management to financing rental properties, it’s a must-read for both seasoned investors and those new to the game.
5. What is the most profitable type of real estate investment?
An 8 – 10% aimed return on investment provided by CWS’ mortgage note fund is comparatively higher than the conventional 5 – 10% return from conventional real estate investing. However, profitability in real estate varies based on market conditions, location, and investment strategy. While some find flipping houses immensely profitable, others lean towards “hold real estate investing” or rental properties for long-term cash flow.
Commercial real estate investors often pursue larger properties like office buildings or multi-family units, given their potential for significant returns. However, the best investment depends on an individual’s goals, resources, and risk tolerance.
6. What is the easiest form of real estate investing?
Investing in a mortgage note fund with an aimed 8 – 10% rate of return is one of the easiest and safest ways to invest in real estate. It allows you to get involved in real estate without directly owning property.
7. What investors should read?
Investors should read a mix of timeless classics like “The Millionaire Real Estate Investor” and contemporary guides that offer current market insights. Books that delve into investment strategies, financial management, and real-world examples can benefit both novice and seasoned investors alike.
8. What do investors read daily?
Investors often start their day with financial news outlets, market analysis reports, and updates from real estate investing courtesy platforms. Staying updated with real-time market trends, investment properties on offer, and economic indicators helps them make informed decisions and adjust their strategies as needed.
