I don’t think J.K. Rowling had 39 year-old men in mind when she wrote the Harry Potter novels.
Late last year, I started reading Harry Potter and the Sorcerer’s Stone, the first of seven in the series. Let’s just say I had a little trouble getting into the book. Halfway through I found myself hoping either Hogwarts would slip into foreclosure because of the global economic crisis or get invaded by terrorists. But I toughed it out and made through to the end, mostly because my daughter wanted to read it next.
I enjoy reading, as long as the theme involves business or Navy Seals. Last week I started thinking about some of my favorite a books after receiving this from a Twitter follower:
The truth is I’ve never read a real estate investing book.
It’s not that I don’t think real estate investing books aren’t interesting or valuable. I’m sure there are lots of great ones out there. It’s just that I’ve found it more beneficial to learn how to invest in real estate directly from those in my real estate market.
However, there are lots of books out there that have helped me develop and expand my real estate investing business. Here are my top 5:
- Think and Grow Rich by Napoleon Hill – a Bible of sorts for entrepreneurs, this classic helped me to understand that you become what you think about.
- The E-Myth by Michael Gerber – I learned the importance of systematizing my business.
- Rich Dad, Poor Dad by Robert Kiyosaki – This book inspired me to get out of the employee/self-employed quadrant and into the business owner/investor quadrant.
- The Snowball: Warren Buffett and the Business of Life – Buffett’s success was not preordained. He didn’t roll out of bed and know how to invest in stocks. Buffett had a mentor and spoke with him regularly.
- Outliers: The Story of Success by Malcolm Gladwell – some of the best and brightest in the business, music and sports industry spent 10,000 hours or more perfecting their craft.
Earl Nightingale defined success as the “progressive realization of a worthy goal.” I believe part of that progression is learning as much as we can about our business or field. Unfortunately, a bulk of the information we need to achieve our real estate goals can’t be found in real estate investment books. We must find it in other places.
And let me tell you, Harry Potter books don’t have what you and I need. The prodigal wizard may play a mean game of Quidditch but he knows nothing about real estate investing.