BiggerPockets

Rich Dad Poor Dad is by far the most inspiring book to me. Another great book I own is called Weekend Millionaires Mindset: Investing in Real Estate. Both great books. I am a newbie by all means, but has been very informative and helpful in my spirits and looking at different angles. To me to really get started is to believe in yourself and have the belief that you can make anything happen and Rich Dad Poor Dad gave me that.

I have read two book from the Rich Dad series and thought they were both garbage. If you are looking for something basic start with Robert Irwin. He will give you are very basic overview of REI. From there, you can move on to more advanced books. The Rich Dad stuff is just motivational BS, this might move you to action, but does not give you the information you need to put deals together or even understand many of the basics. He also does not write well and farms his stuff out to other authors and then just puts his brand's stamp on it. Just my .02.

Rich Dad Poor Dad by far. It gets the most basic principle of investing and brings it down to the most digestible level. The rich get rich because they buy assets that buy their stuff. Accumulate assets to build your passive income. That's it. That's all you NEED to know about investing. After that, it's just a matter of learning technical details of what type of investing you do and consistently applying that core RD PD principle. You could raise beef cattle and reinvest the profits into an orchard and still be following the RD PD principle.

Tim

The Psychology of the Deal.

Rich Dad Poor Dad.

Understanding fundamental investing and how the rich THINK is the peredyne shift you will need to allow you to become rich. Once you understand and build your "passive" income base, you can focus on "technical investing" which is reading the market and knowing when to sell and move on to the next phase of your investing and/or business.

Can anybody give a review of Psychology of the Deal?

All of his books are pretty basic that I have read. The one I can see from my computer is "Buy, Rent, and Sell." There is a better one, but I lent it to my mom. Check out amazon and see what users have to say.

I will say there is no "best" RE (or any other topic) book. I just went and counted 30 books and thats only in the two spots where I can easily find them. Doesn't count the ones scattered around the house. Some are very specific to particular aspects of real estate investing, some are like RDPD, some are more purely investing in general, and some, like the 2006 International Residential Code, are specific to construction. All are relevant. When I go to a book store (not as much now that the wife has a Kindle) I still thumb through the RE and investing books looking for something interesting. Don't try to read just one book and think that will tell you what you need to know. Read a lot of different books. Always be looking for something new and interesting.

"Also, I really recommend reading "Confessions of a Real Estate Entrepreneur." It was really entertaining and information reading ways that he created value in commercial real estate."

I just read this one last month and liked it a lot. His personal stories of dealmaking make it fairly riveting.

This is the first of 25 RE books I plan to read this year, so I may feel differently by the end of 2009.

Check out my Amazon review of "Confessions of a Real Estate Entrepreneur".

Check out Section 8 Bible, volumes 1 and 2. If that's your niche, you'll love both of these books.