“Ninety percent of all millionaires become so through owning real estate.” -Andrew Carnegie
Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” -Robert Kiyosaki
There’s a lot to say about real estate investing. And those quotes are just a few.
When it comes to building generational wealth, lots and lots of individuals continue to find real estate as a viable vehicle to achieve that. Talk about the cash flow, appreciation, leverage, loan paydown, and tax benefits, etc, are some ways the wealth piles up.
That said here’re some great books on real estate especially for those looking to get into the game:
1. The Book On Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
Written by real estate millionaire, vice president of Bigger Pocket (one of the largest online real estate investing forum), and co-host of Bigger Pocket podcast, Brandon Turner.
Brandon shares:
- Why many real estate investors fail, and how you can ensure you don’t!
- Four unique, easy-to-follow strategies you can begin implementing today
- Creative tips for finding incredible deals―even in competitive markets
- How to achieve success without touching a toilet, paintbrush, or broom
- Actionable ideas for financing rentals, no matter how much cash you have
- Advice on keeping your wealth by deferring (and eliminating) taxes
2. The Millionaire Real Estate Investor
Gary Keller, Chairman of board at Keller Williams Realty International (one of the fastest growing real estate companies in the United States), drops his insight on:
- How to develop sound criteria for identifying great real estate investment opportunities
- Myths about money and investing that hold people back and how to develop the mindset of a millionaire investor
- How to zero in on the key terms of any transaction and achieve the best possible deals
- Proven models and strategies millionaire investors use to track their net worth, understand their finances, build their network, lead generate for properties and acquire them
- How to develop the “dream team” that will help you build your millionaire investment business
3. The House Hacking Strategy
Ever wondered how you can turn your house into an income-generating asset? In this book, real estate investor and a big fan of the Financial Independence Retire Early (FIRE) movement, Craig Curelop shows:
- What house hacking is, and why it’s one of the best methods for building wealth
- The incredible connection between house hacking, wealth building, and early retirement
- The different types of house-hacking strategies you can use—no one size fits all here!
- How to get started house hacking—even with low income or low savings
- Strategies to house hack with a family, spouse, or independently
- How to find the ideal house-hack property—even in a competitive or expensive market
- Property management strategies to make ownership a breeze
- Stories from real estate investors all over the country on their house-hacking triumphs, mishaps, and their purpose behind financial independence
4. How to Invest in Real Estate
Joshua Dorkin, founder of BiggerPockets, entrepreneur, investor, podcaster, publisher along with Brandon Turner, vice president of BiggerPockets and entrepreneur, form a tag team to educate people on:
- How to invest in real estate while working a full-time job
- The truth about LLCs and corporations
- How to earn more at work (or on the side) so you can invest more
- Getting your spouse on board with real estate investing
- Eight unique property types you can invest in today
- Eleven powerful strategies for building wealth through real estate
- Twenty-eight tested methods for finding great real estate deals
- Partnerships, BRRRR investing, and other creative ways to fund your deals
5. Buy, Rehab, Rent, Refinance, Repeat
David Greene, real estate investor and a top-producing real estate agent on the Keller Williams East County team (in United States), shares:
- A solid plan for getting started even if you have limited capital of your own
- How to identify target properties—even from across the country
- Negotiating and positioning strategies for making offers that that get accepted
- How to recover 100% (or more) of your money in a deal
- Unique ways to increase a property’s value (and your own net worth)
- The key to identifying emerging markets destined for huge growth
- How to recruit top-level talent to work on your deals (so they build wealth for you!)
6. What, When, Where and How to Buy Real Estate in Canada
Real estate investor, Ozzie Jurock, shares his 10 commandments principles to real estate investing
What, Where, When, Why, How much, How long, What to watch out for, Who to Trust, If
7. The Real Book of Real Estate
The Rich Dad Poor Dad founder, Robert Kiyosaki, in this book aims to educate readers on how to :
- value a property
- lease a property and keep it leased
- get financing, title and protect entities
- find hidden investment opportunities, minimize taxes and establish your own team of advisors.
What other books on real estate investing would you add to the list?
To building wealth via real estate investing!!