When I got started in Real Estate Investing, I must have read 50 books before I invested in my first property.
Books are a great way to consume knowledge and learn from other people’s mistakes so that you can minimize your mistakes and maximize your returns.
Here is a list of some of the best Real Estate Books that shaped my thinking and career at the beginning. By no means is this list exhaustive, but I do believe that this list is a great start and place to begin:
Rich Dad Poor Dad by Robert Kiyosaki – This is the book that started it all for so many people! Why are some people rich and others are poor? Robert Kioysaki shows us all about accounting using the story of two 7 year old boys and the money habits of their two fathers. Inside this book you will learn about Cash flow, leverage, buying real estate with no money down, and the concept that the rich do not work for money. The rich work for assets. If you only read one book on this list, this is the one to read!
Art of the Deal By Donald Trump – Since becoming president, Donald Trump has become a controversial figure. Before he was president, he was one of the best Real Estate Investors of All time. Art of the Deal takes a look inside of The Donald’s brain when it comes to making deals and shows how Donald built his Billion dollar career.
Rich Dad’s Cash Flow Quadrant – Another book on accounting. This time Robert Kiyosaki outlines the four ways that people make money using the ESBI quadrants. This is the must read sequel to the #1 best selling personal finance book of all time – Rich Dad Poor Dad.
Rich Dad’s Guide to Investing – The Third book in the series and much more technical than Rich Dad Poor Dad or Cashflow Quadrant. This book outlines the use of different asset classes to create velocity of money and more technical investor techniques.
The E-myth by Michael Gerber– Although this book is on entrepreneurship, whether you are a real estate investor or a stock investor, understanding the difference between an entrepreneur, manager and technician is essential for success.
The ABC’s of Real Estate Investing By Ken McElroy – A Great book on the fundamentals of investing in Real Estate by Ken McElroy who currently owns 11,000 apartment units and manages on of the best companies to work for in Phonix Arizona. If you want to learn to invest in apartments, this is a great place to start.
The Advanced guide to real estate investing – By Ken McElroy – The second part to the previous book that contains advanced techniques on real estate investing.
Money People Deal – The Fastest Way To Real Estate Wealth – Stefan Aarnio. This book outlines Real Estate Joint Ventures and how to invest in real estate with no money of your own. A very important book especially if you are investing in Canada. Click here for a very special offer where you get the book and bonuses…
The ABC’s of property management – Ken McElroy . Making money in real estate investing is all about having good management. Ken McElroy is a management pro who outlines what it takes to succeed in this book.
Think and Grow Rich – The original book on creating wealth, besides the holy bible. Napoleon Hill interviewed the 500 richest people in the world of his time and created this classic map to wealth.
The millionaire next door – by Thomas J Stanley – An excellent book on the habits of the average millionaire in North America including how they make their money and how they spend.
Self Made by Stefan Aarnio. This is a great book on how to start with nothing and get started in Real Estate Investing by using other people’s money. Click here to read more about Self Made and how it can help you…