BiggerPockets

About the Author
The Millionaire Real Estate Investor is authored by Gary Keller of Keller Williams Realty International.  Gary has over 25 years of real estate investing and industry experience.  In this book, he uses that experience to explain how to layout a framework to becoming a successful real estate investor.  

Why I Like this Book
I like this book because it is not a “get rich quick” program that promises to make you rich with no money down tactics.  On the contrary, it explains a method that is a lifelong approach to investing in real estate.  His method focuses on always being “out looking” at properties and buying every 1 or 2 years when a great deal comes along.  He hits home the message of:  learn your market, look for properties that are selling at a 20% discount to fair market value, putting 20% down on the mortgage, and becoming a master of your niche.  This is a very similar mindset to Warren Buffett.  Buffett teaches us that we don’t have to understand every kind of investment, but we need to define a circle of competency and stick with it.  Gary Keller does a good job of carrying this thinking into real estate investing.

Living Below Your Means
During the book, he talks about budgeting personal expenses, living within you means, and tracking your net worth.  The idea of living below your means and saving for down payments on properties is something I have never heard from a Robert Kiyosaki book or a “Get Rich” program, but is so important to building wealth.

Profiles of Successful Real Estate Investors
At the end of the book, Gary profiles 21 real estate investor success stories.  These stories are encouraging for real estate newbies and all include the same common theme of doing something you love and working very hard at it.  I found these stories entertaining and inspirational.

Conclusion
Overall, I think this is a really good book for a new to intermediate investor.  It provides very practical advice on how to get started in the business as well as some inspiration.  So if you are looking for a good read, I definitely recommend “The Millionaire Real Estate Investor” by Gary Keller.