Knowledge = power. Knowledge comes from education. Education comes from resources. Resources are everywhere!
Easiest resource in my opinion? Books.
Why? Because they hold a lot of information in a small package. Another bonus to books? You get advice straight from experts’ mouths. Can you imagine how much you would have to pay to attend a seminar by an expert that was long enough to cover everything in their books? Or can you imagine trying to figure out how to stalk the experts and force them to teach you what they know? Yeah, good luck with that one.
Lucky for us, we can just buy their books! So what books should you buy? I’m opening the floor for everyone to chime in and give their suggestions as to what books you recommend for your fellow investors.
I’m including my personal recommendations. I don’t just read real estate books. I also read business and sales books because both of those aspects are key, in my opinion, for any successful real estate investing adventure. You are your own investor, so you need to have entrepreneurial skills, and there is so much involvement with sales, whether you are buying or talking to people who are, you can’t escape without needing some sales knowledge.
I’ve listed my Top 3 recommendations for each category. Yes, I admit Robert Kiyosaki is my tried and true author, not just for real estate knowledge but entrepreneurial and sales skills as well. I always say, “Don’t take advice from someone you wouldn’t trade shoes with,” which can be rephrased as “Take advice from people you would trade shoes with.” I would trade shoes with Robert any day. Therefore, I’ll read every book he offers (and I have read way more of his than I list here)!
How to Purchase Real Estate With No (or Low) Money!
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
My Personal Recommendations
Top 3 Real Estate Investing Books
- Rich Dad Poor Dad, by Robert Kiyosaki (seriously, no one can get away with not having read this one)
- Rich Dad’s Advisors: OPM: How to Attract Other People’s Money for Your Investments–The Ultimate Leverage , by Robert Kiyosaki
- The ABC’s of Real Estate Investing, by Robert Kiyosaki
Top 3 Entrepreneur Books
- The E-Myth Revisted, by Michael Gerber
- Never Get a “Real” Job: How to Dump Your Boss, Build a Business and Not Go Broke, by Scott Gerber
- Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business , by Robert Kiyosaki, Sharon Lechter
Top 3 Sales Books
- Guerrilla Selling, by Orvel Ray Wilson
- Sales Dogs: You Do Not Have to Be an Attack Dog to Be Successful in Sales, by Blair Singer and Robert Kiyosaki
- How to Win Friends & Influence People, by Dale Carnegie (not a sales book specifically, but explains a lot that will help you in sales!)
Those are some of my favorites, but it’s far from an all-inclusive list. I also read a lot of mental growth books, so don’t forget to include those in your library as well.
What books do you recommend? The Must-Haves, the Can’t Live Withouts, and the Killer Recommendations! Name them.