I'm always surprised that more people don't read Frank Gallinelli's book, "What Every Real Estate Investor Needs to Know About Cash Flow". Maybe the math is too dense for some people, but if you passed high school algebra, it shouldn't be a problem. The book is basically what every MBA spends 2 years or so studying about cash flow, condensed into 200 or so easily-digested pages. I wish I had this book when I first studied economic analysis.
If you like I can give you a free copy of my 2 books. One focuses on the overall strategy, the other on least options. Send me a direct message if interested.
@Jim Pellerin Thanks for the recommendations. I just downloaded from Amazon and will be sure to review because I know how important those Amazon reviews are.
@Alex Arter , I like Robert Kiyosaki's books and a surprisingly great book has been "How come that idiot's rich and I'm not" by Robert Shemin. It's written on a light tone, and takes you from the Mindset needed to succeed, goals, plans to think like an integral investor. I rarely read an RE book twice, and in addition to @Caitlin Damani 's book reference of Gary Kelly's book, Shemin's book is really standing out!
Another great book is "The Automatic Millionaire" by David Bach. - You'll learn why mortgages make you really wealthy by holding properties and paying them off instead of just buying RE and either flip or sell quickly and teach you more about the investing process in general.
I believe the difference between the people that want to get in investing, or buy a property and stop and the ones that have the courage to keep going and learn from their experiences, good and bad is the Mindset and understanding investing at a deep level.
Good luck to you and make sure you buy your first property within the year the latest. Without Action, knowledge is not power.
@Lumi Ispas outstanding info Lumi thank you. My financial journey so far started with Rich Dad poor Dad so I I'm always in for a read by Robert. Pretty soon my knowledge will help me take that step!
@Alex Arter
I’m just starting out as well in educating myself in real estate. Some helpful books:
1. Rich Dad Poor Dad - Robert Kiyosaki
2. The ABC‘s Of Real Estate Investing - Ken McElroy
3. Tax Free Wealth - Tom Wheelwright
@Michael Gunn thanks for the recommendations man. Texans unite! If you want we can connect and bounce what we've learned. Would be good to throw ideas off someone in same boat.
I'm always surprised that more people don't read Frank Gallinelli's book, "What Every Real Estate Investor Needs to Know About Cash Flow". Maybe the math is too dense for some people, but if you passed high school algebra, it shouldn't be a problem. The book is basically what every MBA spends 2 years or so studying about cash flow, condensed into 200 or so easily-digested pages. I wish I had this book when I first studied economic analysis.
@Alex Arter I'll echo the above book recommendations and add How to Win Friends and Influence People as well as Never Split the Difference. Both will help when it comes time to negotiation for your deals