7 Books That Could Help You with Your Real Estate Investments
Successful real estate investors do their homework. Information is power in any investment deal, so RealtyMogul.com has put together a list of books that may help you apply the right knowledge. These best-sellers cover real estate properties, the risks associated with investing, market trends and investment strategies.
1. The Millionaire Real Estate Investor by Gary Keller
This book is routinely listed as a bestseller and really packs a double punch. First, it offers the motivational tips millionaire investors have used to overcome mental obstacles that may have prevented them from getting rich. Then, it gives you a practical blueprint to help potentially build a million-dollar real estate investment machine.
2. Zillow Talk: Rewriting the Rules of Real Estate by Spencer Rascoff and Stan Humphries
Zillow is the United States’ top real estate web and mobile app, which means the company knows their way around most housing-related topics. They speak about how the real estate game has changed and states, “to understand real estate in our fast-paced, technology-driven world, we need to toss out all of the outdated truisms and embrace today’s brand new information.” This book provides the lowdown on buying, selling and financing—all informed by Zillow’s proprietary data and talented statisticians.
3. 50 Simple Secrets to Be a Happy Real Estate Investor by John Fedro
It’s easy to get bogged down in cash flow projections, due diligence research and financing options. But, John Fedro’s book reminds readers of what many real estate investors forget: that this is supposed to be fun and the fruits of investing are supposed to make you happy. His simple, yet powerful, book breaks down dozens of secrets you can use to recapture these feelings. As Fedro puts it, “There is a need for more happiness and values in this business. Don’t let another mediocre day pass you by.”
4. What Every Real Estate Investor Needs to Know About Cash Flow ... And 36 Other Financial Measures by Frank Gallinelli
Cash flow is the Holy Grail for real estate investors who want to build wealth and build an empire. But, it’s not the only number that adds up to success. There are potentially 36 other metrics real estate investors should learn like the back of their hand. This book will break these metrics down for each investor to keep in mind during due diligence.
5. My Life & 1,000 Houses by Mitch Stephen
Real estate investors are not prone to mistakes but why not learn from someone else’s mistakes for a change? That’s what you get in this book by Mitch Stephen, a seasoned real estate investor who has purchased more than a thousand properties. As a self-taught investor, Mitch started with just a handful of credit cards but a strong desire for success. He shares his ups and downs and offers valuable lessons learned in this book.
6. Dictionary of Real Estate Terms by Jack P. Friedman, Ph.D, Jack C. Harris, Ph.D and J. Bruce Lindeman, Ph.D
This dictionary has more than 3,000 definitions of terms you’ll encounter as you vet and participate in real estate deals. It includes everything from brokerage terms and mortgage types to definitions of words used in zoning and construction.
7. The Due Diligence Handbook for Commercial Real Estate by Brian Hennessey
Due diligence is the most important part of any deal. But most investors don’t do enough of it, says author Brian Hennessey. He has spent 30 years in commercial real estate and offers up his secrets in this book so you don’t have to spend three decades figuring it out yourself. You’ll learn how to conduct due diligence, manage price negotiations, inspections and even touch on underwriting.
There are mounds of published real estate books out there but these are a few that we thought could be helpful. Happy reading!