Newbie investor looking for the best REI books for beginners

14 Replies

Hello everyone, I am 28 years old and just getting into real estate. My short terms goal for the next 1-3 years is to obtain 1-2 multi family properties to rent out. I am planning on saving 20-25K for my down payment on my first property. My market that I am interested in is Philadelphia, and Easton area. I am looking for the best books to buy to give me the proper steps, info on real estate terminology, how to analyze properties, etc. i have listened to bigger pockets podcast on the matter, am attending webinars, and also reading the bigger pockets article for newbie investors. But any book suggestions would help! I am looking to spend a few months just gaining knowledge so I can be prepared to make a move once I find the best deal and save my down payment. Thank you in advance !

Hi Ashley!!  Welcome to the real estate world - you're going to absolutely LOVE it.  The book that really covered all the basics for me was The Book on Rental Property Investing by Brandon Turner.  Of course BiggerPockets has a ton of books, but this book was a great starting point.  Highly recommend them all!

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I would suggest ordering it from bigger pockets because you get the below bonus PDFs

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@Ashley Crump

I really took a lot out of this book when I first got started a couple of years ago. I have the same strategy as you to start with small multifamily properties. I bought my first quad in Mount Airy last May. Would be happy to share my experiences : )

Just keep in mind that this book was written before the 2008 recession so the focus on appreciation is a little overdone but I think the point is just to get you to think.

Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth

Book by Larry B. Loftis

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