One of the best ways to educate yourself about real estate investing is by reading books. We're fortunate that we live in a society that openly shares their expertise, experience, and knowledge on just about any topic. Learning from others' mistakes and triumphs can help dramatically improve your investing experience and accelerate your investing career.
Whether you're just getting started in real estate investing or are already an experienced real estate investor, take a look at the eight best real estate investing books that you can add to your library.
1. Best book for getting started in real estate investing
Reading this book changed my entire life. It took me from a rudimentary understanding of what investing was to a point where my financial future and career were forever altered. Just a few weeks after reading this book, I attended my local real estate association and launched my investing career.
Robert Kiyosaki's book Rich Dad Poor Dad explains the process of building wealth with financial freedom through real estate by sharing what he learned from his real father, his "poor dad," and a friend and mentor, his "rich dad." His book explains the differences between assets, liabilities, active vs. passive income, and basic personal finance principles like cash flow, return on investment, and general ways to invest in real estate to achieve financial independence.
2. Best real estate investing book for fix-and-flips
The author, Ryan Pineda, is an active real estate investor and flipper who shares how he turned $10,000 into a million-dollar business. Flip Your Future: How to Quit Your Job, Live Your Dreams, and Make Six Figures Your First Year Flipping Real Estate breaks down the flipping process by providing a step-by-step guide on where to find rehab properties, how to analyze and fund them, and then finally how to renovate them. While the book is on the shorter side, it is organized well and does not skimp on content. If you want to rehab or fix-and-flip homes, this is a definite must-have book.
3. Best real estate investing book for residential rentals
The Book on Rental Property Investing is easily one of the most recommended books by fellow real estate investors about rental property investing. Brandon Turner, real estate investor and author at BiggerPockets.com, a social media platform and podcast for real estate investors, shares an extensive overview of rental real estate investing, including how to find rental properties to invest in, how to analyze them, managing rental properties, common mistakes to avoid, and tips for growing a rental real estate business.
4. Best real estate investing book for commercial real estate
Commercial Real Estate Investing For Dummies by Peter Conti and Peter Harris is a great overview of the entire commercial real estate (CRE) sector, providing a general outline of the different types of CRE and basic terms relating to analyzing and managing CRE properties, as well as basic explanations for how each sector works. This is definitely an introduction book and great for those who want to get a general understanding of CRE, allowing readers to branch off and learn more about each sector more intimately on their own.
5. Best book for the BRRRR method
Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David M. Greene is an invaluable book if you want to follow the BRRRR method of real estate investing. His concise but thorough explanation of the model will help you master the art of finding an investment property.