As a newbie in the real estate investing world, it can be very overwhelming to know where to start with the vast amount of information that is available on the subject. That’s why we’ve compiled a list of some of our favorite real estate investing books for beginners. Delving into these books is a great way to get insights into the strategies that have made people millions in real estate. While researching and learning as much as you can, watch not to get caught up in the analysis paralysis that many aspiring investors face.
Rich Dad Poor Dad
I chose Rich Dad Poor Dad as my first book on the list because, like many others, it’s what started me on my real estate journey. Most people think all it takes to be rich is earn a large income. In this book, Robert Kiyosaki debunks that myth. Kiyosaki talks about the important difference between assets and liabilities, and how large amounts of wealth can be made through properly investing time and money into assets. He also breaks down the money and life skills that are not taught in schools.
The Book on Investing in Real Estate With No (and low) Money Down
This book is by the popular Brandon Turner, former host of the BiggerPockets Real Estate podcast. This is a great read for new and experienced investors alike. I really enjoyed going through it, as the author shows how to finance deals using creativity instead of cash. It covers countless strategies on doing deals with little (to no) cash out of pocket. Although, buying real estate with little to none of your own money sounds exciting, you must beware of the added risks involved. I don’t think Dave Ramsey would be a very big fan of this one!
Buy, Rehab, Rent, Refinance, Repeat: BRRR Investing
Here is the second book in our list also by a BiggerPockets podcast host, David Greene. In this book, you will learn about the key components that make the BRRR strategy work. The premise of this strategy is to buy a property that needs work, fix it up, and then refinance it. If executed properly, the initial capital invested would be pulled back out of the deal. As a result, that capital can be used for future projects. The author does a great job of explaining the nuances of this method.
*As an Amazon Affiliate, I may earn a commission from qualifying purchases.