Advice for getting started in real estate investing?

Question

I’m looking to get started in real estate investing. How much cash did you start with? There’s so much information out there! What did you find most helpful (books, podcasts, etc.)? I’ve been interested in this for a few years now and I’m so nervous to get started.

Taylor L. · Answer

Fantastic List. I would add Hunter Thompson's book on Raising Capital as well. Great experience and knowledge in that book, and it's an easy read (in a good way!)

David Richter · Answer

Hi @Courtney Miller,

The number one book I would suggest getting it’s Profit First - Learn how to keep the money you will make in real estate investing now.

Without any financial literacy, it tells you how to manage the finances of your properties and business.

Reading this book will literally add zeros to your bank account if you start out with this system.

I'd also recommend Gary Keller's The Millionaire Real Estate Investor because of the practical tips offered in the book.

The best experience will be doing a deal and actually getting your feet wet. You want to be educated but make sure to dive in as soon as you can.

Make offers, talk to people, tell everyone you know you're looking to take a problem property off of their hands.

I hope that helps!Let me know if you have any questions!

Charles Carillo · Answer

@Courtney Miller

Here are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!: The how-to book of syndicated investment real estate by Gene Trowbridge