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Recommended Books?

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Jeffrey Hall

Louisville, Kentucky

Jan 18 '13, 04:57 AM


So with the new year n all I've decided to really bite the bullet and take control over my personal finances. I'm 23 and with a new baby on the way, and also a new job, I think now is a great time to really buckle down and get serious about my financial future.

I'm also planning to dedicate a large chunk if not all of 2013 to learning the basics of Real Estate and Real Estate Investing. I've always been interested in RE, just never really took the time to learn.

Usually I'm a "ready,fire,AIM" kinda guy but I've decided to switch it up and take my time to accumulate some real knowledge on this stuff.

With that being said, are there any good "non guru" (no upsells) type books I should dig into that cover the basics of real estate, REI, or even investing in general?

Thanks in Advance!



Glenn Espinosa

Rehabber from

Jan 18 '13, 05:19 AM
1 vote


Hey Jeffrey! Welcome to BP and good on you for deciding to get your finances in order - real estate is a great choice.

As for recommended books, the questions has been asked hundreds of times and a quick search of the forums will reveal a lot of threads with great book lists.

Heres a thread I found in a matter of seconds: http://www.biggerpockets.com/forums/79/topics/66243-what-are-the-best-re-investment-books-you-ever-read

My suggestion: Read all of Gary Keller's books, you can't go wrong with him.

Glenn



Amy Arata

Real Estate Investor from New Gloucester, Maine

Jan 18 '13, 05:26 AM


It depends on what you're interested in. I've read dozens. Many are just authors bragging. I can't remember all the exact titles, but will give you enough info that you can find them:
Gallinelli : Calculations every real estate investor should know
John T. Reed : Aggressive tax avoidance for real estate investors
Nolo: Landlord tax guide
"Landlording"
"Flip" , put out by Keller Williams Realty



James Vermillion Donor

Real Estate Investor from Lexington, Kentucky

Jan 18 '13, 05:32 AM


@Jeffrey Hall, there are a ton of good books out there. Try using the search bar at the top right...here are a few threads to get you started:

http://www.biggerpockets.com/forums/109/topics/70356-good-books-to-start-with

http://www.biggerpockets.com/forums/79/topics/152-real-estate-investing-books

http://www.biggerpockets.com/forums/12/topics/74868-books-for-new-investor



Ryan Moses

New York City, New York

Jan 18 '13, 05:47 AM


James,

Thanks for the links.



Sandy Blanton

Real Estate Broker from Pensacola, Florida

Jan 18 '13, 01:10 PM
1 vote


HOLD by Gary Keller is perhaps my all time fave.



Scott Williams

Real Estate Investor from Vancouver, Washington

Jan 19 '13, 05:30 AM


if Your interested in apartments I recommand Steve Berge's book How to buy and selll ApartmentsGood luck



David Turner

Multi-family Investor from Argyle, Texas

Jan 19 '13, 05:36 AM


Originally posted by Scott Williams:
if Your interested in apartments I recommand Steve Berge's book How to buy and selll ApartmentsGood luck

I second this recommendation. I just finished reading it. Some of the info is a little dated (ie. before the recession), but the basic concepts still hold true.



Zaid Rabadi Donor

Real Estate Investor from Northridge, California

Jan 23 '13, 02:57 PM


Check out "The Unofficial Guide to Real Estate Investing" by Spencer Strauss, covers the basics as well as the numbers/calculations you need to understand when you're starting out



I'm looking for houses to buy or lease in Palmdale & Lancaster


Bobby Gerry

Hard Money Lender from Houston, Texas

Jan 23 '13, 03:24 PM
2 votes


@Jeffrey Hall, there's a member on here named @J Scott. Go to his profile, click the link to read his posts, and then go look at his website which is listed near the bottom of his profile. Quite frankly there's so much info for you there that you don't really need to buy a book.

I think I also had a dream a few nights ago that J Scott wrote a manuscript for a book. ..Oh no, wait, I saw it mentioned on his Facebook page. He has written a manuscript for a book. I'm sure it will be published in a few months.

But there's no need to even wait for his book. Just start reading his posts and go through all the material on his website. Combined with all the info here on Bigger Pockets, that's all you really need. Plus if you have questions about certain things, you can enter searches in the search box at the top of every Bigger Pockets page.

Best, Bobby

ps. No, folks. The dream involving J Scott was entirely G rated, thank you. No one touched anyone and there were no goats involved.



Bobby Gerry, Caroline Lending LLC
E-Mail: [email protected]
Website: http://carolinelending.com/


Steve Might

Real Estate Investor from Fenton, Michigan

Jan 23 '13, 03:42 PM


@Jeffrey Hall

These two are really the only books you need to get started:

http://www.johntreed.com/howtogetstartedinrealestateinvestment.html

http://www.johntreed.com/bestpracticesforintelligentrealestateinvestor.html

While you are there read some of the entries here: http://www.johntreed.com/Reedgururating.html



David Krulac

Real Estate Investor from Mechanicsburg, Pennsylvania

Jan 23 '13, 08:41 PM


Besides my own book of course I highly recommend:

"How I Turned $1,000 into Five Million in Real Estate" by William Nickerson

"Landlording" by Leigh Robinson (it is the best selling LL book of all time)

"Buy and Hold Forever" by David Schumacher and Steve Dexter



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