The Best Reads in the BiggerPockets Bookstore: Sneak Peeks, New Titles, & More
With 23 books, a magazine subscription, and a journal in our ever-expanding library, the options can get a little overwhelming—so here is a quick guide. Read on for an overview of each title available in the BiggerPockets Bookstore.
Books for Investors Just Getting Started
Set for Life by Scott Trench
Written by BiggerPockets' CEO, this book will show you how to build a financial base for investing and set yourself up for financial freedom. Fans of Rich Dad, Poor Dad, and Total Money Makeover will love the actionable advice in this personal finance bestseller.
From the book:
Let’s talk about the American Dream. Traditionally, for the majority of us—at least for those of us in the middle class—it means consistency. It means buying a nice home, in a nice neighborhood, and having a nice life. It means that after a thirty or forty-year career, we plan to retire using a formula that historically hinges on having saved 10 to 15 percent of our income and having invested in a 401(k) or other retirement vehicle.
The problem with this formula is that the working person following it will be forced to work for wage income for the better part of his day, during the best part of his week, throughout the best years of his life. At best, he will retire with a modest amount of wealth, late in life, and be forced to hope it’s enough to last.
How about a different formula for the American Dream? How about something capable of producing a retirement level of wealth in less than ten years? How about less than five? How about retiring in your twenties from wage-paying work?
Those who accomplish this financial result can laugh off would-be employers who ask them to be at work before 9:00 a.m. She can spend a sunny summer Tuesday at the park instead of crunching spreadsheets in a dusty cubicle. He can stay up until 3:00 a.m. binge-watching Game of Thrones on Sunday night, and head to the gym at noon on Monday. She can rent out her house and travel the world, living like a local. He can start a business funded with passive income, volunteer in his community, or focus on raising his small children. She can serve others without the red tape and bureaucracy of corporate involvement or the interference of a boss with objectives different from hers.
Early financial freedom enables this. Those who achieve early financial freedom build wealth and acquire assets such that they produce passive income in excess of what they need to live. And they expect to continue to generate that level of income for the duration of their lives. Regardless of whether you currently enjoy your work or not, early financial freedom is a worthwhile goal. Industries change, companies change, and coworkers change. Even if you love your job, wouldn’t it be great to have the option to leave wage-paying work? Wouldn’t it be great to know that you show up because you love to be there, and not because you have to be there?
How to Invest in Real Estate by Joshua Dorkin and Brandon Turner
These two real estate stars teamed up to write a comprehensive manual on getting started in the lucrative business of real estate investing. Joshua Dorkin and Brandon Turner give you an insider's look at the many different niches and strategies that exist so you can find out which one works best for you, your resources, and your goals.
From the book:
Over the many years that we’ve been serving real estate investors at BiggerPockets.com, perhaps the most commonly asked question is simply, how do I get started in real estate investing?
Sorry, we can’t tell you that.
We know, that’s probably a disappointing answer, but remember: Real estate is a gigantic beast with numerous ways to get started. Instead, we can help you develop your own path.
As the largest, most-trafficked real estate investing website on the planet, BiggerPockets has been helping people develop their own path for more than 12 years. Millions come to BiggerPockets every month to ask questions, get answers, read content, interact with others, analyze real estate deals, and in many other ways improve their business. So we know a thing or two about helping people on their journey.
And the one consistent thing we’ve seen is that there is no “one right path.” While some might lead you to believe that there is a simple real estate path that works for everyone, that simply isn’t the case. Just take a listen to some of the interviews we’ve done on the podcast. No two stories are the same. Every journey is unique—and that’s a really good thing because it’s a beast that can be ridden differently based on your personality, your location, and your financial state. There is absolutely no reason why you can’t build wealth through real estate, because there are so many options that exist.
We’ve written this book to help simplify the process of figuring out how you can get started by seeing the whole picture. Unlike other books we’ve published at BiggerPockets, this book is not going into the weeds on the specifics of one type of real estate. Instead, this book will give you a broadstroke overview of the entire industry, that way, you can best decide how to begin your own path to financial freedom through real estate investments.
Investing in Real Estate with No (and Low) Money Down by Brandon Turner
No matter how much money you have in your checking account, there is always real estate you can’t afford. Don’t let the contents of your wallet define your future! This book provides numerous strategies for leveraging other people’s money for amazing returns on your initial investment.
The House Hacking Strategy by Craig Curelop
Who wouldn't want to live for free? When mastered, house hacking can save thousands of dollars in monthly expenses, build tens of thousands in equity each year, and provide the financial means to retire early. Serial house hacker Craig Curelop lays out the in-depth details so you can make your first (or next) house hack a huge success.
Though this book won't be released until January 2021, we wanted to give you the chance to pre-order it at a great Black Friday price. Top-producing real estate agent and bestselling author David Greene shares everything he wishes someone had shared with him—including the exact processes he used to become rookie of the year and top agent in his office. SOLD provides a much-needed look at how successful real estate agents build their business, close deals, and generate commissions.
Retire Early with Real Estate by Chad Carson
So you want to retire early, and you want to invest in real estate. Why not combine the two? This book provides practical, proven methods to quickly and safely build wealth using the time-tested vehicle of real estate rentals. Experienced real estate investor and early retiree, Chad Carson, shares his tried-and-true investment strategies to create enough passive income to retire at 37 years old.
Related: 6 Life Laws That Will Make You Rich
Books With Something for Everyone
The Book on Tax Strategies by Amanda Han and Matt MacFarland
Are you dreading tax season? Not sure how to maximize deductions for your real estate business? It’s time to take control of the bookkeeping practices for your real estate business and start saving thousands with a great tax strategy.
CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year, but to also prepare an ongoing strategy that will make your next tax season that much easier.
The Intention Journal by Brandon Turner
Once you build intentionality into your daily routine, you can achieve the incredible success that sometimes seems out of reach. The Intention Journal, backed by the latest research in psychology, will help you establish results-driven processes and position yourself to achieve the level of success that you’ve always dreamed of. This will be your playbook to create the life that you always wanted—whether your goals involve health, finances, businesses, relationships, breaking bad habits, starting good ones, or anything else that needs real intention to grow.
(P.S.: Your journal purchase comes with free access to an exclusive mastermind group, right in your BiggerPockets inbox!)
If you’re looking for data-driven real estate advice, inspiration to find great deals, and real-life experiences from the experts, then a subscription to BiggerPockets Wealth Magazine is perfect for you! In every bi-monthly issue, you’ll find 60+ pages of curated content and data-backed research, made accessible and easy to understand so you can navigate tough investment decisions in an ever-changing financial climate. Dive deep into the inspiration and advice BiggerPockets has to offer, sent directly to your door in a magazine!
Profit like the Pros by Ken Corsini
How did the experts land their best real estate deals ever? You’re about to find out!
With 25 real-world stories from seasoned investors across the country, this brand-new book uncovers the secrets behind unbelievable real estate deals, from sourcing and funding to profiting. Author Ken Corsini—star of HGTV’s Flip or Flop Atlanta—has distilled his best investor interviews to educate, entertain, and get your wheels spinning.
From the book:
It’s been a whirlwind, but it all started with a little inspiration. While it was probably in my DNA to be an entrepreneur, a few fate-timed sparks finally lit the fire for good. Ultimately, those sparks came from listening to the stories of veteran real estate investors. The stories of deals—how they were acquired, how they were structured, how much money was made—inspired me like nothing else. With them came the ability to visualize myself doing the same things to create the same outcomes. Hearing firsthand accounts from other people made it real.
Today I still believe in the unparalleled power of a real estate investor’s ability to inspire other investors. Sometimes it just takes hearing someone else’s story to believe it can be yours as well. Sometimes a story from the front lines of real estate will spark a fire that goes on to change
In 2019, I decided to begin collecting such stories from seasoned investors around the country that would inspire the next generation of real estate investors. That idea began with a BiggerPockets video series called The Best Deal Ever Show, and it soon morphed into the book you’re reading now.
The opportunity to interview these investors has been one of the most rewarding experiences of my life. Amid conversations with some of the most talented, interesting, and courageous achievers in the industry, I’ve returned to that awestruck feeling where my vocabulary is whittled down to “Wow,” “What!?” and “Really?” Upon realizing the value of this content, BiggerPockets and I agreed that it was important to take some of those interviews and distill them into a book that would inspire and educate beyond the original listening audience. I can picture the Ken Corsini from 2004—green, in a corporate job, and with an insatiable appetite for real-life entrepreneurship—devouring this book.
That said, I also selfishly wrote this book for the Ken Corsini of today. Admittedly, I’m not a voracious reader—I tend to date a lot of books but rarely agree to a full-blown commitment. While I’m great at starting to read books, I’m subpar on the follow-through. Most of the good stuff is packed into the first few chapters anyway, right?
Wrong. This book comes with the promise of each chapter being as distinctive and inspiring as the next; you won’t find any frontloading here. Each interview is a bite-sized glimpse into an exceptional real estate mindset, but with thought processes broken down into steps and numbers any reader can understand.
There’s no need to read it sequentially. Perhaps you want to read about someone in particular and skip to their chapter first—go for it! Or maybe there’s a specific investment strategy you want to jump ahead to and explore—have at it! There are no rules when it comes to reading this book, and I’m betting that will suit most entrepreneurs perfectly. We hate rules!
When all is said and done, my only hope is that the stories herein inspire you to take action, and that in doing so you find success. Not just success, but massive success because, as you’re about to read, your next payday might be waiting just down the street.
Recession-Proof Real Estate Investing by J Scott
Take any recession in stride, and never be intimidated by a market shift again. In this book, accomplished investor J Scott dives into the theory of economic cycles and the real-world strategies for harnessing them to your advantage. With clear instructions for every type of investor, this easy-to-follow guide will show you how to make money during all of the market's twists and turns—whether during an economic recession or at any other point in the economic cycle.
You’ll never look at your real estate business the same way!
From the book:
Change is inevitable. And you can respond to it in one of two ways:
- You can embrace it, modify your investment strategy around it, and reap the benefits from the opportunities that present themselves.
- Or you can fear it, refuse to adapt, miss out on the opportunities that come your way, watch your profits shrink, and potentially lose money.
Successful investors are flexible. They understand that to succeed they need to be prepared to take advantage of the opportunities that come their way—whether it’s during an upswing, a down market, or an inflection point (more on that later). It doesn’t matter if you’re just getting started or you’re a seasoned veteran, there are ways to make money during every phase of the real estate cycle. But to do so, you need to have a strategy to handle changing market conditions, which is what my wife and I have done over the last decade.
When Carol and I started our real estate investment business in 2008, the housing crisis was at its worst, and the foreclosure rate was the highest it had been in modern history. As flippers, that worked to our advantage. To find our next great investment opportunity, pretty much all we had to do was choose a random home from a list of foreclosures available for sale by the banks (also known as REOs). For the first couple of years we were in business, we only bought REOs because there were so many, and nearly all of them were good investments.
But in 2010, Carol started to notice a decline in the number of foreclosures on the market. She realized if we wanted to keep our inventory pipeline full, we’d need to start looking for different types of investments by the following year. She’d heard that some real estate agents were focused on short sales, where lenders were giving sellers permission to sell their properties for less than what they owed on their loans. These types of sales were becoming more and more popular, so we decided to start shifting our buying strategy to take advantage of the increasing supply of short sales on the market.
Within a year, REOs dried up in our area, but short sales were taking off. Because we’d started building our short-sale pipeline quickly after the real estate market began to shift, we were better positioned than most investors to take advantage of this new trend in acquiring investment property.
Because we saw the opportunity before many other investors, we were able to capitalize on our ability to change direction quickly and efficiently. We continue to do so today. Every few years, we alter our strategy to keep pace with the changing market. Our flexibility has allowed us to keep our deal pipeline filled and has given us a head start compared with other investors who aren’t as flexible.
The Book on Negotiating Real Estate by J Scott, Mark Ferguson, and Carol Scott
Want to close more real estate deals and make more money in the process? With more than 1,000 successful real estate deals between them, J Scott, Mark Ferguson, and Carol Scott combine the science of negotiation with real-world experience to dive into all aspects of the real estate negotiation process.
From the first interaction with a buyer or seller, to renegotiating the contract after unexpected issues arise, to last-minute concessions at closing, you’ll learn everything you need to reach optimal agreements every time.
Books to Help You Choose Your Strategy
The Book on Rental Property Investing by Brandon Turner
BiggerPockets' number one bestseller is at the top for a reason—this book includes every strategy, tool, tip, and technique you need to become a millionaire rental property investor. Co-host of the BiggerPockets Podcast Brandon Turner has one goal in mind: to give you everything you need to become a millionaire rental property investor while helping you avoid the junk that pulls down so many wannabes.
New and experienced investors alike will learn how to build an achievable plan, find incredible deals, pay for your rentals, and much more.
Buy, Rehab, Rent, Refinance, Repeat by David Greene
If you haven't heard of the BRRRR strategy, now's your time to get schooled. Author and investor David Greene shares the exact systems and processes he used to scale his business from buying two houses per year to buying two houses per month using the BRRRR method. This book will teach you an easy-to-follow plan that will grow your wealth quickly without letting a lack of cash get in the way of pulling it all off.
From the book:
So if we need money to make money, but our money gets left in the property we just bought, how do we solve this dilemma? Enter the BRRRR method. The BRRRR method works the same as the traditional method, but in a different order. That one small difference leads to a radically different result.
When an investor utilizes the BRRRR method, they start off by paying cash for the property, rather than financing it. I know for many people this can seem weird, but bear with me. There are many ways to get that cash, and many other advantages to paying cash that I will discuss later. For now, just make sure you note that money is put into the project in step one: buying the property.
Next, the investor manages the rehab portion. More money is put into the project. In real estate, investors can add value to their property in two ways.
- They pay less than what it’s worth, “buying” equity.
- They increase the value by improving the property’s condition, “forcing appreciation” or “building” equity through the rehab process.
It’s important to note, in the BRRRR method, these are the first two things the investor does. With BRRRR you are adding value before you are financing anything.
After the rehab portion, the investor puts the property up for rent and immediately starts collecting cash flow. This cash flow is higher than in the traditional method in the beginning because there is not yet a mortgage on the property.
Once the property is bought, rehabbed, and rented out, then the investor refinances it. The amount financed is based on the value of the property after it has been fixed up (when it’s higher). This differs from the traditional model where the amount financed is based on the value of the property before it is fixed up (when it’s lower). This is the key fact that makes BRRRR so cost-effective.
When the bank is evaluating the property to give you a loan, it's valuing a property that's fixed up and worth more with the BRRRR method. With the traditional method, the bank is evaluating the property before it's been fixed up, making it worth less.
What’s important to understand at this point is that ultimately, the BRRRR method gets you more of your capital out of your project because of the order in which you conduct the various stages of buying a rental. In the traditional method, you finance it first. In the BRRRR method, you finance it last. This one seemingly insignificant difference in the order in which you finance your property is the difference between someone like me buying two houses a year or buying 24 houses a year. It’s insanely impactful.
Small hinges swing big doors, and BRRRR is the ultimate small hinge.
This dynamic duo will help you starting the house-flipping business of your dreams. In The Book on Flipping Houses, expert real estate fix-and-flipper J Scott details a step-by-step plan to succeed in your first—or next—house flip. If you’re looking to build a profitable, efficient flipping business, let this easy-to-follow book act as your guide.
The Book on Estimating Rehab Costs will show you how to accurately estimate all the costs you are likely to face during a renovation. You don't need to be a contractor to flip houses, but you do need to know the fundamentals of budgeting and pricing your renovation—including everything from cosmetic renovations to complex installations and upgrades.
Bidding to Buy by Aaron Amuchastegui and David Osborn
Bidding for properties on the courthouse steps while competing in real-time with other investors is a thrilling experience. There’s nothing like it in the world of real estate, but there’s also a lot to learn. With dozens of insider auction secrets that are proven to help maximize returns, Bidding to Buy will show you the skills you need to successfully bid at auction, then turn a healthy profit on your investment.
From the book:
Much of the thrill of buying at auction comes from getting more-exclusive access to properties. Buying on the courthouse steps represents the early phase of the foreclosure process. It's the backstage pass of real estate: instead of waiting in the long MLS line out on the street, you sneak past the velvet ropes and through the back door, and suddenly everything changes. Instead of being one more face in a massive crowd, you're in a small group of rock and rollers. Instead of hoping to get a seat at the back, you're already in, and you get the best view of the show…for less money.
That’s the advantage of buying at auction: You get access to properties long before most people even know they’re for sale, and at a price lower than you’d pay anywhere else. The goal of this book is to give YOU that same backstage pass to the world of real estate.
Our job in the pages that follow is to make sure you feel comfortable finding, analyzing, and bidding on your first foreclosed property, right on the courthouse steps.
To reach that goal, here are a few of the things you’ll find in the chapters that follow.
- You’ll learn to understand the foreclosure process, and all the distinct advantages of buying property at auction.
- You’ll develop the skills to find, analyze, and select the ideal properties to bid on—those that fit your goals and leave you a significant financial safety margin.
- We’ll walk you through every step of how to attend an auction, bid in real time, and buy a property!
Along the way, of course, we’ll cover a wide range of other critical steps, like building your team, dealing with money, and managing your own mind and emotions. You’ll hear stories—both good and bad!—based on our own experiences and those of other seasoned auction buyers. Best of all, you’ll build the confidence to know that you can succeed at investing in foreclosures.
How to Sell Your Home by Mindy Jensen
Selling a home involves far more than sticking a "For Sale" sign in the yard. As a real estate agent and house flipper with 20 years of experience, Mindy Jensen shares countless tips, tricks, and tactics to help you sell your home as painlessly and profitably as possible. Learn to tackle the biggest surprises—from inspection issues to appraisal problems to last-minute mortgage denials—as well as how to prepare your home for listings and showings.
Books With Next-Level Strategies
Long-Distance Real Estate Investing by David Greene
Real estate investing is one of the greatest vehicles to build wealth, but it doesn’t make sense in every market. Traditionally, investing out of state has been considered risky and unwise—but the rules, technology, and markets have changed. No longer are you forced to invest only in your backyard.
In this book, real estate investor David Greene shows you exactly how he’s built a multi-million-dollar portfolio through buying, managing, and flipping out-of-state properties, often without ever even seeing the properties in person.
The Book on Advanced Tax Strategies by Amanda Han and Matt MacFarland
When it comes to taxes, it’s not about how much money you make—but how much money you actually keep. Believe it or not, the U.S. tax system is filled with loopholes designed specifically to benefit real estate investors just like you. In this comprehensive follow-up to The Book on Tax Strategies, bestselling authors and CPAs Amanda Han and Matthew MacFarland bring you more strategies to slash your taxes and turn your real estate investments into a tax-saving machine.
From the book:
Tax law is convoluted and getting more complicated every day. Try reading the Internal Revenue Code for ten minutes and you will feel like Alice in Wonderland chasing a rabbit down a rabbit hole. People often ask us why the tax law is so complicated.
The reason for the complexity of our tax code is that it was not designed simply to collect tax revenue—the truth is, our tax system was designed with many other goals in mind as well. Besides raising revenue, taxes are designed to both stimulate the economy and to influence social behavior. Tax benefits are provided to those who exhibit the intended behavior, while tax hurdles exist to discourage people from unwanted behavior. Investing in real estate is one of the behaviors that the government wants to encourage, so the tax code is filled with benefits and loopholes that incentivize us to use real estate to grow our wealth.
Contrary to popular belief, having a higher income doesn’t have to mean paying more in taxes. You may have heard that Amazon, the world’s largest retailer, paid zero income taxes in a year when it earned $9.4 billion in net profits. This didn’t happen by chance—it was achieved with careful planning and utilization of the many loopholes that the government intentionally created for taxpayers. Amazon operated their business to stimulate the economy in the way the government intended, and as a result, the company was able to pay zero taxes. In other words, there is nothing illegal about making $9.4 billion in profits and paying no taxes. If companies like Amazon can control how much tax they pay, how can we as real estate investors do the same?
This book is designed to help answer this exact question. Believe it or not, tax breaks are not just for the multi-billion-dollar companies and the millionaire investors. Tax breaks exist for people from all walks of life, all types of professions, and all income levels.
Without fail, investors ask us questions they have about their own taxes. It's extremely surprising to us that—even though most Americans know that the tax code favors real estate investors—most investors have no idea how to actually take advantage of these benefits. What can they deduct as real estate expenses? Why did their CPA say a home office is not available for real estate investors? Do they really need an LLC to take advantage of the real estate write-offs we shared from the stage?
When we wrote our first book, we intentionally chose topics that would be easy to explain. Our goal was to help investors build a solid foundation and understanding of some of the strategies that can be applied to everyday real estate investors. Of course, we could not end the story there. As real estate investors, it is important to take the next step toward more advanced tax-saving strategies. After all, why pay Uncle Sam more than required when the tax code is filled with loopholes for real estate investors?
Finding & Funding Great Deals by Anson Young
Finding great deals is one of the hardest aspects of becoming a successful real estate investor. Learn from the best as seasoned real estate agent and investor Anson Young guides you through his tried-and-true methods for finding deals in any market. From market analysis and deal evaluation to negotiation and closing, this book is the ultimate guide to finding deals—in any market, at any point in time.
From the book:
When I was younger, my brothers and I had one rule before we went to bed. Every night, our mom would make us read an hour before bedtime. This is probably where I first caught the bug to read. Still, there was one book I couldn’t stand: Where’s Waldo? I couldn’t understand why he was hiding or what he was hiding from. Why was I trying to find him? Why did he wear the same clothes day in and day out, in all different climates and locations? Was the reader a secret CIA operative hunting down a stocking-capped double agent? Did Waldo owe someone money?
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Similar to the task of finding our striped friend in a crowd, our aim is to look for deals in the real estate market. There are a dozen or more methods to find Waldo in the crowd—we can strain our eyes, scan everyone in the crowd, or meticulously hunt him down. Or we could work smarter. What if we could get Waldo to call us and tell us where he is? What if Waldo was searching the Internet for a solution to his predicament, came across our website, and filled in his info voluntarily? What if we could enlist help, so we had two or three sets of eyes trying to find this Waldo character, grabbing him off the street and putting him into the back of a van and bringing him straight to us?
Those are the kinds of strategies we’ll be exploring in this chapter.
Deals are what drive this business. Remember, our job as deal-getter guys is to consistently find great deals. These four words stand out.
- We have to repeat this process over and over again. When you are building a business, you need to have a consistent flow of deals to keep your business running.
- Our strengths lie in being able to dig up deals where no one else is. The ability to market or go find these deals and then negotiate and lock them up legally (with contracts) is what we are all about.
- We are looking for deals that will actually make money—not mediocre deals where your margins are so slim, the deal isn’t worth the time you spent on it.
- There should always be legitimate deals in the pipeline, which will require you to put in hard work and run the numbers forward and backward.
Consistently finding great deals is possibly the hardest part of this business. Acquisitions easily take up 50 percent of my effort and time, especially in a difficult or competitive market. You need to know what areas investors are avoiding and what areas they are flocking to, and then you need to make decisions. Are these deals on the market or off the market? Well, why limit ourselves? We will cover both on- and off-market deals. We need to strategically look at our target market to pinpoint the best areas to find properties. This is known as market analysis and is a key skill to have.
Raising Private Capital by Matt Faircloth
Are you ready to help other investors build their wealth while you build your real estate empire? The roadmap outlined in this book helps investors looking to inject more private capital into their business—the most effective strategy for growth.
Author and real estate investor Matt Faircloth shows you how to develop long-term wealth from his valuable lessons and experiences in real estate. Whether you’re a new or seasoned real estate investor, you’ll discover new ideas and motivation while learning a detailed strategy to acquire, secure, and protect private money in your real estate deals.
The Hands-Off Investor by Brian Burke
Want to invest in real estate but don’t have the time? No matter your level of experience, real estate syndications provide an avenue to invest in real estate without tenants, toilets, or trash—and this comprehensive guide will teach you how to invest in these opportunities the right way. Author Brian Burke, a syndications insider with decades of experience in forming and managing syndication funds, will show you how to evaluate sponsors, opportunities, and offerings so you can pick the right sponsors and achieve the highest odds of a favorable outcome.
Real Estate Note Investing by Dave Van Horn
Welcome to the other side of the real estate business! Do more deals, maximize your current portfolio to its full potential, and decrease risk—all through mastering finance and leverage in this introduction to the note investing business. This isn't another cookie-cutter "how-to" book—instead, Dave Van Horn takes readers on a journey with him as he looks back over lessons learned across three decades of real estate investing, and the path that led him to his current success in the note industry.
He teaches by example, illustrates with real-life stories, and gives a 30,000-foot view of the note space.
Let’s chat in the comment section below.