Best Real Estate Book?

Question

Any suggestions for a great real estate book? And what’s your reason?

James Bradin · Answer

1) Rich Dad Poor Dad (almost every investor started with this one)

2) The Book on Managing Rental Properties by Brandon Turner (This book was pivotal after my initial purchase, it has made and saved me more money than any other book)

3) Set For Life by Scott Trench (provides you with a detailed description of how to create your "financial runway", I have tried to model my investing career off of this book.)

4) BRRRR by David Greene (provides detailed description of how to use the 2nd best strategy in Real Estate (house hacking is #1))

5) Long Distance Real Estate Investing by David Greene (Provides detail description of how to invest in Real Estate if you live in an expensive Market

6) The 10x Rule by Grant Cardone (mindset/motivational)

7) The Book on Estimating Rehab Costs by Jay Scott (provides detailed description on handling what I find the most difficult aspect of REI)

That is my rank order for the most influential books that I have read.  A lot of those books are books from this Website.  Most of the information can be found on this forum or in the podcast in some way.  I think that education is the first step and these books will provide you with a pseudo bachelor degree in real estate investing at the very least.  I hope that this helps.

Peter Mckernan · Answer

@Jared Lomker
There are a lot out there, @James Bradin named a lot of great ones!
A couple to add
1. How to Buy and Manage Rental Properties by Irene and Mike Millin
2. Landlording on Autopilot by Mike Butler

Toby Khan · Answer

Wow some great suggestions. I’ll have to read profit first as that’s the only one I missed from the list.

Jared Lomker · Answer

@Matthew Perry

Wow Matthew. Nice work. Thank you for the insight. Im stoked at getting some of these books on my shelf.

How is your investing going this year. What is your strategy in AZ?

Jared Lomker · Answer

@Peter Mckernan

Same here Peter. Currently wiring up the ADU on my SFR. Definitely a good strategy for Californians. We may finish this and move to another home and do the same. Excited to get this first one finished.

Matthew Perry · Answer

@Jared Lomker

The Book on Real Estate Investing with no or low money down, by Brandon Turner. It’s the best book on how to do your first several deals.

Set For Life, by Scott Trench. It has an excellent blueprint for the non real estate parts of life, while still making real estate your primary investment. He also talks about how real estate can enable you to take more risks with your career and jump to a more interesting and challenging job.

House Hacking by Ben Leiborvich. This book has a really creative chapter on how to scale using low money down to buy houses with guest houses. I used that strategy on my last deal. I liked it because I could improve my lifestyle, while still resisting lifestyle creep and buying two units with one deal.

Investing in Duplexes, Triplexes, and Quads by Larry Loftis. This book has a lot good detail on how to structure offers to get accepted. It’s older, but a lot of the ideas on how to get an offer accepted are useful now as things have become a sellers market.

Every Landlord’s Tax deduction Guide by Stephen Fishman. This is a really handy introduction to landlord bookkeeping. I used it to teach myself bookeeping and how amortization schedules work. I have now done my own rental property bookeeping for eight years and have been able to save over 20k in expenses with a thirty dollar book. Real money.

Buy and Hold Forever by David Schumacher. This is another older book, I got it at a used book shop eight years ago. But as a younger real estate investor this is really helpful seeing the power of appreciation over a long period of time. Many of the investments in this book where held longer than I’ve been alive, and that’s where the bigger profits are. I have reread it a couple times when I have been slacking on the savings, as motivation to remind myself the potential profits over the long term of invested savings.

Matthew Perry · Answer

@Jared Lomker I’m saving right now for a new property or two this year. I’m looking to try to buy a house with a guesthouse in the Tempe/Scottsdale area, and then do a second home loan acquisition in Prescott later this year.

Jared Lomker · Answer

@David Richter

Nice David. Have not heard of this one. On my list. Thank you

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