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Books Recommendations Please!
Hey everyone,
Please let me know your favorite REI book below. A book that you would say is a must read for a new investor like myself to create a foundation of knowledge.
I'll kick it off by saying "The House Hacking Strategy" by Craig Curelop recommended by BP is teaching me a lot.
Looking forward to the replies, Thanks!
@Austin Bull I discovered the BP podcast after I had my 1st rental, that's when I really started to learn a lot. The podcast was Brandon Turner and David Greene and they would ask every guest what their favorite book was, Rich Dad Poor Dad was the overwhelming favorite, and it is at the top of my list. The next book I heard a lot of recommendations for was The Millionaire Real Estate Investor, this book is great for developing a specific plan, he talks about Return on Equity, I wasn't hearing a lot of people or books talk about this, but it really made sense to me and it's one of my favorite measurements today.
These aren't specifically for real estate, but 7 Habits of Highly Effective People is great. Even just reading the first section about changing your paradigm can change your life. Anything from Napoleon Hill is good, specifically Think and Grow Rich. If you like Rich Dad Poor Dad check out The Millionaire Next Door.
I loved Rich Dad Poor Dad when I first read it, and honestly still do, but when I found out there was never really a rich dad it bummed me out. It's like when you figure out Santa isn't real (sorry children under 7 if you're reading this).
"Rich Dad Poor Dad" by Robert Kiyosaki (Although not specifically focused on real estate, this book provides valuable insights into financial literacy and the mindset required for investing, including real estate.)
"The Book on Rental Property Investing" by Brandon Turner
"The Millionaire Real Estate Investor" by Gary Keller
"The ABCs of Real Estate Investing" by Ken McElroy
"Investing in Real Estate" by Gary W. Eldred
Good luck & happy investing!
Hey Austin,
The book I am currently reading is never split the difference by Chris Voss. This book isn't directly relates to REI but this book is one that can be used in almost any endeavor especially when making deals. I have used some of the info in the book for several off market deals.
Hope this helps
Romney
Echo the recommendations. Some more are "The Real Estate Game" by William Poorvu, "Emerging Real Estate Markets" by David Lindah, and "What Every Real Estate Investor Needs to Know About Cash Flow..." by Frank Gallinelli
BRRRR
Millionaire Real Estate Investor
Real Monopoly - Zeckendorf
Long Distance Real Estate Investing
Thank you all for the recommendations. I literally bought 12 of them right now. I'm planning on reading a couple a month. It seems like "rich dad poor dad" is a consensus must read amongst a lot of people. Good thing Amazon delivers it to my house today.
Quote from @Romney Salanoa:
Hey Austin,
The book I am currently reading is never split the difference by Chris Voss. This book isn't directly relates to REI but this book is one that can be used in almost any endeavor especially when making deals. I have used some of the info in the book for several off market deals.
Hope this helps
Romney
I'm excited about this one. I listened to the BP podcast where Chris Voss came on, so I'll be curious about this book for sure.
@Austin Bull Love your energy - keep it up. But don’t fall into the never-ending prep phase like I did. I spent a long time reading in isolation when I should have been asking local investors out to lunch so I could talk to them, calling realtors I saw on listing pages to start relationships, or working a bit more to sock away some extra money for a down payment. But if you want this, you’ll find success regardless so don’t let me bring you down. All that being said, “Hold” (yellow cover) was all I needed to get started. Loved it. Good luck!
Lots of fantastic recommendations in here already, I'd say as far as directly related to REI, The Book on Investing in Real Estate With No (and Low) Money Down by Brandon Turner is a must for getting started.
Other personal development books I love-
The Power of One More by Ed Mylett
Atomic Habits by James Clear
The Slight Edge by Jeff Olson
Quote from @Michael A.:
@Austin Bull Love your energy - keep it up. But don’t fall into the never-ending prep phase like I did. I spent a long time reading in isolation when I should have been asking local investors out to lunch so I could talk to them, calling realtors I saw on listing pages to start relationships, or working a bit more to sock away some extra money for a down payment. But if you want this, you’ll find success regardless so don’t let me bring you down. All that being said, “Hold” (yellow cover) was all I needed to get started. Loved it. Good luck!
I'll definitely check out "hold". And I promise I won't wait too long to get in the game.
Quote from @Blake Novotney:
Lots of fantastic recommendations in here already, I'd say as far as directly related to REI, The Book on Investing in Real Estate With No (and Low) Money Down by Brandon Turner is a must for getting started.
Other personal development books I love-
The Power of One More by Ed Mylett
Atomic Habits by James Clear
The Slight Edge by Jeff Olson
Thanks for the recommendations. I will check them out. That book by Brandon Turner I've heard was a really good one.
Hey Austin,
I'm new investor like yourself so the list is short, here's a few books that Ive recently read & recommend.
-Rich Dad Poor Dad by Robert Kiyosaki
-ABC's of Real Estate Investing by Ken McElroy
Ive soaked up so much great information and insight from both of these books. Both have only made me more obsessed to learn and grow more in REI.