Rate My Knowledge Foundation! (Books that I Plan To Read)

6 Replies

Hi BiggerPockets!

I am preparing to buy my first Multi-Family Property in the Tampa Bay area. Before then, I would like to fill myself with as much actionable Wisdom and Knowledge as possible. That being said I present to you all My Real-Estate Knowledge Foundation.

The Intelligent Investor
by Benjamin Graham
The Book on Rental Property Investing by Brandon Turner(Audible)
The Millionaire Real Estate Investor By Gary Keller(Audible)

Real Estate Investing by Eric Tyson and Robert S. Griswold
Investing in Real Estate by Gary W. Eldred
Build A Rental Property Empire by Mark Ferguson
The ABC's of Real Estate Investing by Ken McElroy
What Every Real Estate Investor Needs To Know About Cash Flow by Frank Gallinelli
Finding and Funding Great Deals by Anson Young
Investing In Real Estate with No(and low) Money Down by Brandon Turner
The Book On Managing Rental Properties by Brandon Turner
Long Distance Real Estate Investing by David Greene
Tips & Traps for Negotiating Real Estate by Robert Erwin
How To Win In Commercial Real Estate Investing by R. Craig Coppola
Crushing It In Commercial Real Estate by Brian Murray
Confessions of a Real Estate Entrepreneur by James A Randel
Commercial Mortgages 101 by Michael Reinhard

The Bigger Pockets Podcast by Joshua Dorkin and Brandon Turner
The Bigger Pockets Forums by The Bigger Pockets Community

My Short Term Plan is to amass a real estate portfolio of 30-Units In 5 years(24 years old now, 30 by 30).
Through Multi-Family Investments(4 Units), and Small Apartment Complexes.
That being said, can you all provide feedback regarding the "completeness" of my Knowledge Base?
Are the books that I have a good starting point?
What other topics & books should I encompass in my studies?

Also, I do plan to enter an apprenticeship with my current landlord, as well attend Real Estate Meet Ups in my area. I just want to be prepared as possible.

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe."-Abraham Lincoln

Thanks BP!

@Tawn Takeli - I LOVE this!  and love your hustle!  That is awesome!  Also glad to see that you are going to do an apprenticeship with your landlord; you will learn more from the hands on doing than any book can provide.

One book I'd add to your list is a phenomenal book on negotiations called "Never Split the Difference".

I'd also highly recommend blogging about your journey, your readings, your apprenticeship.  Not only will you help educate others but we always learn more when we teach and share.  And you will start distinguishing yourself as a leader in your field even as you learn.

I'm excited for you!  Please keep us posted!

I love the picture! We need more pictures in these forums. And it's also exciting to see a stack of books....books are how I learned real estate (long before BiggerPockets was a thing) and they are why I am where I am. So, applause on going that route to learn.

Call me old school, and some hate him, but I can't imagine anyone succeeding in RE having not read any of Robert Kiyosaki's books. At a minimum, Rich Dad Poor Dad is typically the first book any investor reads. You have a Rich Dad series book in there (by Ken McElroy) and it's a good one, but you gotta get his basics. If for no other reason, rite of passage :)

@Ali Boone I 1000% Agree, Rich Dad Poor Dad is the entrance fee to this realm of thinking. Similarly, are there any other Rich Dad books you would recommend?  

@Tawn Takeli that is an ambitious reading list you have!

If you plan on reading The Intelligent Investor, I wouldn't waste my time with Rich Dad Poor Dad. You can find a summary of Rich Dad online and read that. Its just 150 pages of the same general idea rehashed over and over again. 

Unless you want to have an in depth foundation of modern value investing, Security Analysis is overkill because it doesn't have much in it about REI that you won't get from The Intelligent Investor

Good Luck

Originally posted by @Tawn Takeli :

@Ali Boone I 1000% Agree, Rich Dad Poor Dad is the entrance fee to this realm of thinking. Similarly, are there any other Rich Dad books you would recommend?  

*looks at her bookshelf* Of his, I read (according to my bookshelf)- The ABCs of Real Estate Investing, Guide to Investing, OPM- Other People's Money, Real Estate Loopholes, Increase Your Financial IQ, Before You Quit Your Job, SalesDogs, and The Advanced Guide to Real Estate Investing.

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