Recommended Books?

15 posts by 12 users

Medium 1435846191 avatar jthall502 Jeffrey Hall
Louisville, KY
18 Posts
1 Vote
1 Award

Jeffrey Hall

from Louisville, Kentucky

Jan 18 '13, 04:57 AM


So with the new year n all I've decided to really bite the bullet and take control over my personal finances. I'm 23 and with a new baby on the way, and also a new job, I think now is a great time to really buckle down and get serious about my financial future.

I'm also planning to dedicate a large chunk if not all of 2013 to learning the basics of Real Estate and Real Estate Investing. I've always been interested in RE, just never really took the time to learn.

Usually I'm a "ready,fire,AIM" kinda guy but I've decided to switch it up and take my time to accumulate some real knowledge on this stuff.

With that being said, are there any good "non guru" (no upsells) type books I should dig into that cover the basics of real estate, REI, or even investing in general?

Thanks in Advance!



Medium 1399535253 avatar forchunet Glenn Espinosa
Rehabber from Alexandria, VA
446 Posts
138 Votes
4 Awards

Glenn Espinosa

Rehabber from Alexandria, Virginia

Jan 18 '13, 05:19 AM
1 vote


Hey Jeffrey! Welcome to BP and good on you for deciding to get your finances in order - real estate is a great choice.

As for recommended books, the questions has been asked hundreds of times and a quick search of the forums will reveal a lot of threads with great book lists.

Heres a thread I found in a matter of seconds: http://www.biggerpockets.com/forums/79/topics/66243-what-are-the-best-re-investment-books-you-ever-read

My suggestion: Read all of Gary Keller's books, you can't go wrong with him.

Glenn



Medium 1448396931 avatar smilinglady Amy Arata
Investor from New Gloucester, ME
185 Posts
74 Votes
3 Awards

Amy Arata

Investor from New Gloucester, Maine

Jan 18 '13, 05:26 AM


It depends on what you're interested in. I've read dozens. Many are just authors bragging. I can't remember all the exact titles, but will give you enough info that you can find them:
Gallinelli : Calculations every real estate investor should know
John T. Reed : Aggressive tax avoidance for real estate investors
Nolo: Landlord tax guide
"Landlording"
"Flip" , put out by Keller Williams Realty



Medium 1399394541 avatar jvermillionaf James Vermillion
Property Manager from Lexington, KY
2919 Posts
1090 Votes
11 Awards
No avatar medium Ryan Moses
New York City, NY
60 Posts
14 Votes
1 Award
Medium 1431824892 avatar brokersb Sandy Blanton
Property Manager from Pensacola, FL
218 Posts
44 Votes
3 Awards
Medium 1399600648 avatar scott1961 Scott Williams
Real Estate Investor from Vancouver, WA
78 Posts
20 Votes
3 Awards

Scott Williams

Real Estate Investor from Vancouver, Washington

Jan 19 '13, 05:30 AM


if Your interested in apartments I recommand Steve Berge's book How to buy and selll ApartmentsGood luck



Medium 1433775596 avatar dizzy810 David Turner
Professional from Flower Mound, TX
58 Posts
28 Votes
3 Awards

David Turner

Professional from Flower Mound, Texas

Jan 19 '13, 05:36 AM


Originally posted by Scott Williams:
if Your interested in apartments I recommand Steve Berge's book How to buy and selll ApartmentsGood luck

I second this recommendation. I just finished reading it. Some of the info is a little dated (ie. before the recession), but the basic concepts still hold true.



Medium 1399610202 avatar losangelesamman Zaid Rabadi
Investor from Northridge, CA
249 Posts
64 Votes
2 Awards

Zaid Rabadi Donor

Investor from Northridge, California

Jan 23 '13, 02:57 PM


Check out "The Unofficial Guide to Real Estate Investing" by Spencer Strauss, covers the basics as well as the numbers/calculations you need to understand when you're starting out



Medium 1399595493 avatar carolinelending Bobby G.
Real Estate Lender from Houston, TX
79 Posts
53 Votes
1 Award
Medium 1448323426 avatar jasonscott J Scott
Investor / Business Guy from Ellicott City, MD
15820 Posts
12311 Votes
15 Awards

Bobby G.

Real Estate Lender from Houston, Texas

Jan 23 '13, 03:24 PM
2 votes


@Jeffrey Hall, there's a member on here named J Scott. Go to his profile, click the link to read his posts, and then go look at his website which is listed near the bottom of his profile. Quite frankly there's so much info for you there that you don't really need to buy a book.

I think I also had a dream a few nights ago that @J Scott wrote a manuscript for a book. ..Oh no, wait, I saw it mentioned on his Facebook page. He has written a manuscript for a book. I'm sure it will be published in a few months.

But there's no need to even wait for his book. Just start reading his posts and go through all the material on his website. Combined with all the info here on Bigger Pockets, that's all you really need. Plus if you have questions about certain things, you can enter searches in the search box at the top of every Bigger Pockets page.

Best, Bobby

ps. No, folks. The dream involving J Scott was entirely G rated, thank you. No one touched anyone and there were no goats involved.



Medium 1425317214 avatar kuzushi Mark Forest
Real Estate Investor from Fenton, MI
781 Posts
102 Votes
3 Awards

Mark Forest

Real Estate Investor from Fenton, Michigan

Jan 23 '13, 03:42 PM


@Jeffrey Hall

These two are really the only books you need to get started:

http://www.johntreed.com/howtogetstartedinrealestateinvestment.html

http://www.johntreed.com/bestpracticesforintelligentrealestateinvestor.html

While you are there read some of the entries here: http://www.johntreed.com/Reedgururating.html



Medium 1399664178 avatar imade12million David Krulac
Residential Real Estate Broker from Mechanicsburg, PA
2420 Posts
1104 Votes
7 Awards

David Krulac

Residential Real Estate Broker from Mechanicsburg, Pennsylvania

Jan 23 '13, 08:41 PM


Besides my own book of course I highly recommend:

"How I Turned $1,000 into Five Million in Real Estate" by William Nickerson

"Landlording" by Leigh Robinson (it is the best selling LL book of all time)

"Buy and Hold Forever" by David Schumacher and Steve Dexter



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