20 Best Books for Real Estate Investment
Investing in real estate can be a great way to diversify a portfolio while adding a hedge against market volatility. There are different ways to invest in real estate—from real estate investment trusts to turnkey properties to rentals—and each has its own nuances to learn. The real estate market can a difficult industry to get going in successfully, especially when you’re first starting out. Having a better understanding of what’s important to focus on can mean the difference between making a savvy investment and buying a headache, and one of the best ways to develop the skills you need is to read about the experiences or study the advice of those who came before you.
This means that before deciding to enter the field, Real estate investing books can offer a general overview of how to navigate property investing or drill down to the specifics of different investment types. Reading books about real estate investing is one way to learn the ins and outs before diving in.
From property valuation to portfolio diversification, there are many parameters to consider before investing in a property. In this article we will list down some of the best real estate investing books, to help you navigate every stage of your property investing journey.
List of Best Real Estate Books for Investment –
- The Book On Investing In Real Estate with No Money – Brandon Turner
This book is an essential read for everyone who thinks a lot of capital is required to start investing in real estate. The Book on Investing in Real Estate with No (and Low) Money Down: Real-Life Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner will teach you how to get into real estate investing with very little money. Turner teaches creative techniques on how to finance real estate deals.
2. The Millionaire Real Estate Investor – Gary Keller
Wouldn’t it be great to invest in real estate like a millionaire? There’s just one problem—you don’t have a million bucks lying around. A very useful book is The Millionaire Real Estate Investor. In this, the author, Gary Keller interviews over 100 millionaire real estate investors. Learning from previously successful investors is critical to any beginner’s success.
This book offers insight into evaluating deals, negotiating effectively, developing your team, and leveraging people and processes to build your investment business.
3. Rich Dad Poor Dad – Robert T. Kiyosaki
The best book for beginners is Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki. This book offers a broad but specific understanding of the basics of personal finance and investing since most of the population is not financially literate—including first-time real estate investors. This book will give you the foundational understanding to get more educated before investing in your first deal.
4. Think And Grow Rich – Napoleon Hill
This book by Napoleon Hill is a must-read before you build your real estate empire. If you build your real estate knowledge and you do not invest in your mind, you will still make a lot of money with real estate but you most likely will lose a lot, too. As our net worth grows through real estate, business, or investing in stocks, our thinking will ultimately be the true governor of what we’re able to keep and multiply in the long run.
5. The ABC of Real Estate in India – Sachin Mittal
Authored by Sachin Mittal, The ABC of Real Estate in India is one of the best real estate investment books in the country. As the name suggests, this publication provides readers with the basics of real estate investment from the financial aspects to the marketing strategies. It covers all the facets of the real estate industry including insights on the recently-implemented RERA and GST bills and their impact on the Indian economy.
6. Emotional Intelligence – Daniel Goleman
Real estate can often involve one of the biggest decisions a person will make in their personal (residential real estate) or professional (commercial real estate) lives, or at least one of the most capital-intensive decisions. That level of decision-making is a recipe for irrational behavior and emotional impact on logical moves.
7. Investing in Real Estate – How to Make Money and Save Tax – Subhash Lakhotia
This book explains the challenges involved in real estate investment in a very simple and straightforward manner. The book is divided into commercial and residential real estate investment to give the reader a closer insight into both aspects of the sector. Whether you are contemplating investing in an apartment or villa or looking for a new office space for your firm, read on for in-depth knowledge and helpful tips.
Read – Best Book for Rental Property Investment
8. Mastering the Art of Commercial Real Estate Investing – Doug Marshall
Commercial real estate is very different compared to residential real estate. Rather than investing in single-family homes or vacation rentals where you’re dealing with a single tenant, you’re investing in things like office space, warehouses, distribution centers, data centers, public storage, retail units, which can have dozens or even hundreds of tenants. The return potential can be high with commercial real estate but there are also risk factors to consider.
“Mastering the Art of Commercial Real Estate Investing” explains the basics of investing in commercial real estate, using six specific laws of real estate investing that are designed to promote maximum profitability. The author explains how to determine when the timing is right to buy a commercial property and when it makes sense to take a pass on a deal, as well as how to position an investment for optimal cash flow over the long term.
9. The Intelligent REIT Investor – Brad Thomas, Kelly
A REIT is a company that owns property investments; as a REIT investor, you get the benefit of dividend income generated by those properties without any of the headaches that go along with being a landlord and having to deal with tenants directly.
The authors dive into how to evaluate and choose which REITs to invest in, based on your overall goals, risk tolerance, and time horizon for investing. If you’re interested in adding REITs to your portfolio but you have no clue where to start, this book can help you get your feet wet without getting in over your head.
10. The ABCs of Real Estate Investing – Ken McElroy
If you’re just entering the world of real estate investing, opt for “The ABCs of Real Estate Investing” by Ken McElroy. As the title of the book suggests, you’ll learn basics like how to achieve wealth through real estate, ways to find and evaluate properties, negotiating deals, how to increase income through property management tools, and much more.
In this book, McElroy speaks about partial ownership of properties and the benefits of splitting costs through partnership investments. He also dives a little into property management, techniques to maintain a regular cash flow, calculating potential incomes from investments, and learning how to assess properties.
11. Long-Distance Real Estate Investing – David Greene
“Long-Distance Real Estate Investing” challenges the myth in real estate that you should only look into investing in your locality. This is a great read for investors who live in an area that’s not particularly suited for investing, or for those looking to widen their real estate investments nationwide. Although out-of-state investing is considered risky, author David Greene argues that rules, technology, and markets have changed well enough so you can successfully invest anywhere.
Learn how to find great deals in any state regardless of where you live, how to identify which neighborhoods to buy (and which to pass up on), how to renovate a project remotely, and more.
12. How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started – Brandon Turner & Joshua Dorkin
Everyone knows that real estate investing can be a powerful way to build wealth and achieve true financial freedom. But because each person’s journey is going to be a little different knowing the first steps to take is challenging for some people.
This book is co-authored by some of the prominent and big names of the real estate business world, who are credited with having written some of the top real-estate investment guides. It offers more than 40 real-life stories of real estate investment and advice; even important strategies and tricks of investment which you can learn first-hand.
13. Real Estate Investment & Financial Analysis – Gaurav Jain
Gaurav Jain’s take on investing in Indian real estate is worth reading. Apart from providing a thorough understanding of the basics of investing, the author gives a very comprehensive overview of financing real estate through pooled investments like REITs. Since the author lays emphasis on capital markets and their relationship with real estate in a unique way.
14. What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli
Financial terms and jargon, which the real estate business and the market are full of, can put new investors off or leave them utterly confused. However, with the continuous evolution of the real estate industry in India and across the world, understanding and applying financial metrics used by successful investors has become more than important. This book is great at explaining some of the most important financial terminologies, such as discounted cash flow, return on equity (ROE), and capitalization rate.
15. The Richest Man in Babylon
The Richest Man in Babylon is based on Babylonian parables, and it has been hailed as the greatest of all inspirational works on the subject of thrift and financial planning, and personal wealth in simple language, these fascinating and informative stories in the book set you on a sure path to prosperity and it’s accompanying joy. these are just great stories. It’s not really a how-to book. It’s more of a storybook than anything else.
16. The Compound Effect – Darren Hardy
This book reveals the core principles that drive success and The Compound Effect book contains the essence of what every super achiever needs to know practice and master to obtain those extraordinary results, extraordinary success. So in this book, they talk about things like how to win almost every time, the number one strategy to achieve any goal and triumph over your competition.
The Compound Effect has a great title because small successes compounding on small successes lead to larger successes, which continue to compound on themselves. And so once you have that momentum, it continues to grow.
17. Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals – Ken McElroy
In this book, you will get to know why real estate investors fail and how you ensure that you don’t. And he talks about four easy-to-follow strategies that you can build your real estate portfolio on creative tips to find those deals, how to achieve success by avoiding property management, which, you know, we all love actionable ideas on financing.
How do identify and close expert deals, you know, differences between single multi-family property surrounding yourself with the right team to maximize your money, avoid paying thousands in taxes, by structuring property sales wisely.
18. Real Estate Investing – 7 Ways Anyone Can Use to Make Money in Real Estate – Mark Atwood
Apart from highlighting the investing strategies involved in buying a property, this book also provides insights on the various methods one can use to generate as much income as possible through your investment, including buying and renting a property. Written by renowned author Mark Atwood, it is one of the best real estate investment books you will come across.
19. The Guide to Property Investing– Samuel Blankson
This book truly lives up to its name of being an extensive guide when it comes to investing in real estate. From the complexities of renting out your property and boosting the resale value of your property to the beneficial aspects of mutual funds for real estate, it gives readers a comprehensive understanding of the way the industry works and how they can multiply their capital through it.
20. Real Estate Laws: Compendium of Indian Real Estate Laws – Dr. Adv. Harshul Savla
Real Estate Laws refer to laws controlling the ownership and use of land. It covers the rights to possess, use and enjoy land and the permanent man-made additions attached to it. The real Estate Sector is often touted to be one of the most complex and complicated sectors mainly owing to a wide array of laws governing the same. The 44th Amendment Act,1978 added Chapter VI on Right to Property in the Constitution of India. Article 300A states that no person shall be deprived of the possession of his property except in accordance with the procedure established by law. This is good read to understand Indian real estate laws.
