There are hundreds\u2014if not thousands\u2014of books on real estate, personal finance, personal development, and motivation. It\u2019s likely you\u2019ve heard of many of them, whether you read about them in an article or heard about them during a podcast. But what are the best real estate books for beginners?<\/p>\n\n\n\n
Successful real estate investors and entrepreneurs recommend everything from How to Win Friends and Influence People<\/em> to The Millionaire Next Door. <\/em>But deciding which book you should read first or next is a daunting task. Considering throwing up your hands and giving up? We understand\u2014and so we did the heavy lifting.<\/p>\n\n\n\n Okay, rookie. You have a long road ahead of you. In addition to a whole lot of hustle, knowledge will be your key competitive advantage.<\/p>\n\n\n\n There will always be more to learn\u2014but don\u2019t underestimate the power of intense, focused study. Commit to daily, real-world learning plus deliberate study of these topics, and you\u2019ll be better educated than 90% of real estate investors:<\/p>\n\n\n\n These are your educational building blocks. Look at these as the \u201c101 courses\u201d in your real estate investor self-education. The books you read, the experienced investors you meet, and the mistakes you make will all be your teachers.<\/p>\n\n\n\n So, take good notes!<\/p>\n\n\n\n Everything is free on the internet these days, right? So why read books?<\/p>\n\n\n\n Well, you should spend a lot of time on sites like BiggerPockets, beginning with our free Ultimate Beginner\u2019s Guide to Real Estate Investing<\/a>. You should interact in our Forums<\/a> and ask a lot of questions. But books focus your education\u2014without distraction.<\/p>\n\n\n\n I love your “conversation” with an author like they\u2019re your personal teacher. Even just walking by and noticing a physical book on your shelf can recall ideas and tips.<\/p>\n\n\n\n BiggerPockets experts, like our Money Podcast<\/a> co-host Mindy Jensen, adore this quick read. It\u2019s only 144 pages and can easily be read in a single day or two.<\/p>\n\n\n\n The Richest Man in Babylon<\/a><\/em> highlights a powerful personal finance principle: paying yourself first. Author George S. Clason walks you through a few simple, relatable stories to explain how to get out of debt while still paying yourself.<\/p>\n\n\n\n Clason goes on to point out that saving for saving\u2019s sake is not enough. You need to save to invest.<\/p>\n\n\n\n So once you\u2019ve gotten yourself out of debt and started paying yourself first, you can begin investing those savings. This brings us to the next book\u2026<\/p>\n\n\n\n Real Estate Deal Maker<\/em><\/a> by Henry Washington isn\u2019t just another how-to guide\u2014it\u2019s a roadmap for breaking into real estate investing without needing a massive bank account or perfect credit. Washington\u2019s story is as inspiring as it is instructive: he went from struggling to pay the bills to building a thriving real estate portfolio, and he details every step of the journey in this book. What sets this book apart is its focus on actionable, creative strategies, such as leveraging partnerships, using other people\u2019s money, and negotiating deals that benefit everyone involved.<\/p>\n\n\n\n Readers will appreciate Washington\u2019s approachable tone and relatable anecdotes, making complex real estate concepts easy to digest. Whether you\u2019re learning how to evaluate properties, secure funding, or negotiate like a pro, Real Estate Deal Maker<\/em> offers a wealth of insight. It\u2019s a must-read for anyone looking to break through barriers, achieve financial freedom, and unlock the full potential of real estate investing.<\/p>\n\n\n\n John Schaub is the Warren Buffett of real estate investing. He offers down-to-earth, solid advice from more than four decades in the business as a landlord, house flipper, and lender.<\/p>\n\n\n\n Some people complain that investing in books can be too basic. Those same people often ignore fundamentals while searching for glitzy, more complicated concepts that are\u2014supposedly\u2014\u201d better.\u201d But Building Wealth One House at a Time<\/a><\/em> is all about the fundamentals. Schaub outlines a detailed strategy for achieving financial independence with residential real estate, including finding, financing, renting, and selling properties.<\/p>\n\n\n\n Schaub shows how you can build a fortune and achieve everything you want in life by investing in little real estate deals like single-family houses and small multi-units.<\/p>\n\n\n\n He also discusses real estate appreciation and how it can make you rich. However, be careful depending upon appreciation as part of your real estate evaluation. Appreciation is uncertain and difficult to predict or depend upon.<\/p>\n\n\n\n A more conservative plan is to make enough money using other methods John talks about, like cash flow and amortization of loans. Appreciation may come, but your deal should work without it.<\/p>\n\n\n\n What Every Real Estate Investor Needs to Know About Cash Flow<\/a><\/em> is about numbers, perfect for real estate nerds. Success in real estate <\/em>always comes back to the numbers. But amazingly, some so-called investors can\u2019t even calculate them correctly.<\/p>\n\n\n\n This book explains both big-picture concepts, such as deal analysis and nitty-gritty formulas. It covers just about every analysis tool in great detail, along with examples. Beginners will learn a ton; any<\/em> investor of any experience level should keep it on their bookshelf as a reference and refresher.<\/p>\n\n\n\n Frank also includes free Excel spreadsheets that let you get \u201cunder the hood\u201d and see how the formulas in the book actually work.<\/p>\n\n\n\n However, this book’s strength\u2014and weakness\u2014is its thoroughness. Beginners may risk being overwhelmed or intimidated by many formulas and analysis methods. Yes, math is important for investors\u2014but so are psychology, momentum, and consistency. Fear of failure or analysis paralysis can kill your investment dream.<\/p>\n\n\n\n Our recommendation? Pick the gold nuggets from this book and learn the essential, basic formulas. Then, return to this excellent resource over time as you grow.<\/p>\n\n\n\n Start with Strategy<\/em><\/a> by Dave Meyer is an essential guide for anyone looking to enter the world of real estate investing with clarity and confidence. Rather than diving straight into tactics, Meyer emphasizes the importance of establishing a solid investment strategy tailored to your financial goals, risk tolerance, and resources. His book serves as a practical framework for understanding how to make informed decisions, whether you\u2019re flipping houses, buying rental properties, or pursuing commercial deals. By focusing on strategy first, Meyer helps readers avoid common pitfalls and create a sustainable path to building wealth.<\/p>\n\n\n\n What sets Start with Strategy<\/em> apart is its emphasis on data-driven decision-making. Meyer, a data expert and real estate investor himself, breaks down how to analyze markets, evaluate potential returns, and structure investments for long-term success. Packed with actionable advice, case studies, and clear explanations, this book is perfect for beginners looking to establish a strong foundation and for experienced investors aiming to fine-tune their approach. If you want to succeed in real estate, starting with strategy is not just an option\u2014it\u2019s a necessity.<\/p>\n\n\n\n In uncertain times, smart investors begin to plan for a possible recession and look for ways to safeguard their investments.<\/p>\n\n\n\n Even though Recession-Proof Real Estate Investing<\/a><\/em> was written with the 2008 recession in mind, its lessons still very much ring true today should the economy move towards a downturn. If you\u2019re looking for peace of mind amidst the panic, read this book. You\u2019ll walk away armed with information on economic shifts, why they happen, and the strategies most likely to help you survive (and even thrive) during a recession.<\/p>\n\n\n\n Mike Summy says this book is “filled with practical, workable advice for anyone wanting to build wealth.” We couldn\u2019t agree more. Super-easy to read, this book<\/a> relies not just on the author\u2019s own experience building wealth in real estate but on those of over 100 self-made investor millionaires. The book is equally useful as a source of practical advice and as a source of inspiration. It teaches you how to get into the right mindset to achieve investment success and then explains how to put your newly-found confidence into practice. It is suitable for beginners or investors struggling to take their business model to the next level.<\/p>\n\n\n\n Now that you are paying yourself first and making your money work for you, what should your first investment be? A house hack, of course!<\/p>\n\n\n\n Set For Life<\/a><\/em> by Scott Trench, CEO of BiggerPockets, illustrates how to go from $0 in net worth to financial independence in three clear, repeatable steps:<\/p>\n\n\n\n No matter how you invest, you must track your progress. Know your spending, track your investments, and take action to optimize both.<\/p>\n\n\n\n The perfect introduction to real estate investing is a book titled, appropriately, How to Invest in Real Estate<\/em><\/a>. It was written by Brandon Turner and Josh Dorkin, the founder of BiggerPockets.<\/p>\n\n\n\n Brandon and Josh detail a number of real estate investment strategies, such as BRRRR investing, fix and flipping, wholesaling, and even apartment investing.<\/p>\n\n\n\n Brandon and Josh provide actionable advice and effective strategies from their own experience\u2014plus the experiences of 300-plus guests on the BiggerPockets Podcast. Seriously, there may not be another book out there that does a better job of describing all the ways you can invest in real estate.<\/p>\n\n\n\n Written by the seasoned investor Ken McElroy, The ABCs of Real Estate Investing<\/a><\/em> is one of the definitive guides to growing your real estate investment business. It was written with the help and insight of some of the most successful real estate business owners and has an especially useful section on investment myths busting. It\u2019s also invaluable for anyone who wants to learn how to choose properties with real investment potential or needs effective strategies for managing a growing portfolio. <\/p>\n\n\n\n Ever heard of BRRRR<\/a>? David Greene\u2019s clear, practical guide to this popular real estate investing model will show you how to build a real estate investment business that delivers returns in years, not decades. Moreover, the book comes with useful additional materials to get you started quickly.<\/p>\n\n\n\n Sometimes the best way to learn how to do something is by learning what not to do first. This engaging and entertaining account<\/a> of investment strategies gone wrong finds a relatable way to teach budding investors to avoid the common pitfalls of poor planning, choosing investment properties incorrectly, or mismanaging their finances. <\/p>\n\n\n\n It helps that the book is easy to read, too, written by Pusterjovsky, who has written about real estate for Huffington Post, Business Insider, and other nationwide publications.<\/p>\n\n\n\n With over 30 years of experience in real estate investing, Doug Marshall is well-placed to advise budding real estate entrepreneurs. From this thorough introduction to real estate investing, you\u2019ll learn the fundamentals of the business. From the six basic laws of making a sound investment to timing your buying activity right, Marshall gives step-by-step instructions anyone can follow. You don\u2019t need any prior experience to benefit from the insights in this brilliant guide. <\/p>\n\n\n\n The Small and Mighty Real Estate Investor<\/em><\/a> by Chad Carson is a refreshing take on real estate investing that proves you don\u2019t need to own hundreds of properties to achieve financial freedom. Carson champions a lean and focused approach, showing readers how to build a sustainable portfolio of a few high-performing properties that generate consistent income without the stress of managing an empire. His philosophy is rooted in simplicity and intentionality, offering a roadmap for investors who value freedom, flexibility, and a lifestyle-first mindset.<\/p>\n\n\n\n What makes this book stand out is Carson\u2019s focus on creating a real estate business that works for you<\/em> rather than the other way around. Through personal stories, step-by-step strategies, and practical tips, he demonstrates how to find the right deals, manage properties effectively, and design an investment plan that aligns with your goals. Whether you\u2019re a beginner or an investor looking to scale back and streamline your efforts, The Small and Mighty Real Estate Investor<\/em> is an empowering guide to building wealth on your terms.<\/p>\n\n\n\n Dale Carnegie\u2019s bestselling book<\/a> is so much more than a guide to being a successful businessperson. It has transformed countless people\u2019s personal lives, too. From effective communication strategies to leadership skills, this book will set you up for a life of professional and personal success. So, the next time you negotiate a deal, you can be prepared with behavioral tips that work in your favor.<\/p>\n\n\n\n If tax season leaves you feeling frustrated at the amounts you end up paying, you need this book<\/a>. Actually, every real estate investor needs this book because understanding tax and how you can save on taxes is an essential aspect of running an investment business. <\/p>\n\n\n\n The best part? Han and MacFarland teach you how to plan for your taxes in advance, which makes it easier to strategize and save.<\/p>\n\n\n\n The House Flipping Framework<\/em><\/a> by James Dainard is a must-read for anyone looking to master the art of flipping properties. Known as a seasoned investor with hundreds of successful flips under his belt, Dainard provides a step-by-step blueprint for identifying profitable deals, managing renovations, and selling homes for maximum returns. This book isn\u2019t just about flipping houses\u2014it\u2019s about creating a scalable and repeatable system for success in one of real estate\u2019s most dynamic niches.<\/p>\n\n\n\n What sets The House Flipping Framework<\/em> apart is its emphasis on both strategy and execution. Dainard shares invaluable insights on market analysis, budgeting, contractor management, and timelines, ensuring readers have the tools to navigate the often unpredictable world of house flipping. With real-world examples, practical advice, and a no-nonsense approach, this book is perfect for both beginners eager to start their first flip and experienced investors looking to refine their process. If you\u2019re serious about turning house flipping into a profitable business, Dainard\u2019s framework is your ultimate guide.<\/p>\n\n\n\n Now that you\u2019re well-versed in the basics, dive into flipping finances with this second excellent offering from J. This book<\/a>, too, is systematic and thorough. It flows well, and you can take the concepts and apply them successfully right away.<\/p>\n\n\n\n We love the way J Scott sections house rehab into 25 components, which makes estimating a flip\u2019s total cost much more accurate. After all, missing just one or two repairs can make a big difference in your profits\u2014so using a system like J\u2019s is critical. Why reinvent the wheel? J wrote the book. Just copy him.<\/p>\n\n\n\n The House Hacking Strategy<\/a><\/em> is a book by Craig Curelop that presents a unique approach to real estate investing you might have heard of\u2014house hacking. The idea behind house hacking is to buy a property, live in one part of it, and rent out the other parts to tenants. This allows the homeowner to generate passive income and potentially live for free while building equity in the property.<\/p>\n\n\n\n Curelop explains how house hacking works, what types of properties are best suited for this strategy, and how to finance the purchase. He also covers the various expenses and risks associated with owning a rental property, as well as the tax implications of renting out a portion of your home.<\/p>\n\n\n\n The book includes real-life case studies and examples of successful house hackers who have used this strategy to achieve financial freedom. Overall, The House Hacking Strategy<\/em> is a practical guide for anyone interested in real estate investing and looking for an alternative way to generate income and build wealth.<\/p>\n\n\n\n Real Estate by the Numbers<\/a><\/em> is a book co-authored by Dave Meyer and J Scott, which provides an in-depth look at the metrics behind successful real estate investments. The book is designed to help both novice and experienced real estate investors understand how to use data to make informed decisions and achieve profitable returns.<\/p>\n\n\n\n The book covers a wide range of topics related to real estate investing, including understanding the key metrics used to evaluate properties, analyzing market trends, and using financial modeling tools to forecast investment outcomes. The authors emphasize the importance of using data-driven strategies to minimize risk and maximize returns in real estate investing.<\/p>\n\n\n\n Throughout the book, Meyer and Scott provide practical examples and case studies to illustrate their points, and they offer valuable insights and tips based on their own experiences in the real estate industry. The book is written in an accessible, easy-to-understand style, and it is an essential resource for anyone looking to build a successful real estate portfolio.<\/p>\n\n\n\n First-Time Home Buyer<\/a><\/em> by Scott Trench and Mindy Jenson provides guidance and advice for people who are looking to purchase their first home. The book covers various topics such as the home buying process, how to determine your budget, how to choose the right neighborhood and property, how to work with real estate agents and mortgage lenders, and how to negotiate the best deal.<\/p>\n\n\n\n The authors emphasize the importance of being financially prepared for homeownership and provides strategies for saving money for a down payment, improving your credit score, and minimizing debt. They also advise readers to approach home buying as a long-term investment and to consider factors such as future market trends, property values, and potential for resale.<\/p>\n\n\n\n Overall, “First-Time Home Buyer” is a comprehensive guide that aims to help readers make informed decisions and avoid common mistakes when buying their first home, making it a perfect book for real estate investing beginners.<\/p>\n\n\n\n There\u2019s a good reason this is our most-recommended book on the BiggerPockets Podcast. Rich Dad Poor Dad<\/a><\/em> has helped tens of thousands\u2014if not hundreds of thousands\u2014of people change their mindset and build serious wealth.<\/p>\n\n\n\n Author Robert Kiyosaki outlines a number of ways the rich separate themselves from the poor by sharing stories about an actual rich dad and a poor dad in his own life.<\/p>\n\n\n\n The \u201crich dad\u201d is a friend\u2019s father, who is a successful entrepreneur in Hawaii. The \u201cpoor dad\u201d is his actual father, who works a job and makes good money but never buys any assets and ends up never accumulating wealth.<\/p>\n\n\n\n Kiyosaki explains how to get out of the rat race and separate yourself from those who never accumulate assets and wealth.<\/p>\n\n\n\n The three biggest takeaways are:<\/p>\n\n\n\n There can\u2019t possibly be anything left to learn about becoming a successful real estate investor. Right? Yes, by now, if you’ve read all of the books before this one, you have all the tools necessary to invest and start to skyrocket your net worth\u2014but there\u2019s still one thing you should learn how to do. Create systems for your business so that it can grow and scale without you having to manually do all the work.<\/p>\n\n\n\n Tim Ferris\u2019s book The 4-Hour <\/a><\/em>Workweek<\/a> illustrates<\/i> this concept perfectly. He outlines how to create a lifestyle business that can be run for as little as a few hours a week (hence the title).<\/p>\n\n\n\n Most important? Define your goals, focus on the most important things, and outsource the rest. By following his approach, you create a scalable real estate business that spits out cash flow and constantly grows\u2014even when you aren\u2019t working.<\/p>\n\n\n\n Real Estate Rookie<\/a><\/em> by Ashley Kehr is a beginner’s guide to real estate investing and is one of the best introductions you can get into the world of real estate investing. <\/p>\n\n\n\n The book covers topics such as finding and analyzing deals, financing options, building a team, and managing rental properties. Kehr draws on her own experiences as a real estate investor and shares practical advice and strategies for those who are new to the field. The book also includes case studies and real-life examples to help readers understand the concepts and apply them to their own investing journey. <\/p>\n\n\n\n Overall, you really can’t go wrong with a book like this.<\/p>\n\n\n\nThe Topics Beginners (And All Investors) Need to Study<\/h2>\n\n\n\n
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Why Read Real Estate Investing Books in 2023?<\/h2>\n\n\n\n
The 26 Best Books on Real Estate Investing for Beginners<\/h2>\n\n\n\n
1. The Richest Man in Babylon – George S. Clason<\/h3>\n\n\n\n
2. Real Estate Deal Maker – Henry Washington<\/h3>\n\n\n\n
3. Building Wealth One House at a Time – John Schaub<\/h3>\n\n\n\n
4. What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli<\/h3>\n\n\n\n
5. Start With Strategy – Dave Meyer<\/h3>\n\n\n\n
6. Recession-Proof Real Estate Investing – J Scott<\/h3>\n\n\n\n
7. The Millionaire Real Estate Investor – Gary Keller<\/h3>\n\n\n\n
8. Set For Life – Scott Trench<\/h3>\n\n\n\n
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9. How to Invest in Real Estate – Joshua Dorkin and Brandon Turner<\/h3>\n\n\n\n
10. The ABCs of Real Estate Investing – Ken McElroy<\/h3>\n\n\n\n
11. Buy, Rehab, Rent, Refinance, Repeat – David Greene <\/h3>\n\n\n\n
12. Real Estate Investing Gone Bad – Phil Pustejovsky<\/h3>\n\n\n\n
13. Mastering the Art of Commercial Real Estate Investing – Doug Marshall<\/h3>\n\n\n\n
14. The Small and Mighty Real Estate Investor – Chad Carson<\/h3>\n\n\n\n
15. How to Win Friends & Influence People – Dale Carnegie<\/h3>\n\n\n\n
16. The Book on Tax Strategies for the Savvy Real Estate Investor – Amanda Han and Matthew MacFarland<\/h3>\n\n\n\n
17. The House Flipping Framework – James Dainard<\/h3>\n\n\n\n
18. The Book on Estimating Rehab Costs – J Scott<\/h3>\n\n\n\n
19. The House Hacking Strategy – Craig Curelop<\/h3>\n\n\n\n
20. Real Estate By The Numbers – Dave Meyer and J Scott<\/h3>\n\n\n\n
21. First-Time Home Buyer – Scott Trench and Mindy Jenson<\/h3>\n\n\n\n
22. Rich Dad Poor Dad – Robert Kiyosaki<\/h3>\n\n\n\n
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23. The 4-Hour Workweek – Tim Ferris<\/h3>\n\n\n\n
24. Real Estate Rookie – Ashley Kehr<\/h3>\n\n\n\n
25. Wealth Without Cash – Pace Morby<\/h3>\n\n\n\n
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