HERE ARE FIVE BOOKS TO GET YOU STARTED ON REAL ESTATE INVESTING IN 2022
For centuries, real estate investing has been considered to be the best form investment and that is not likely to change anytime soon. Even with the instability of economies the world over, real estate investment continues to thrive.
For one, it is an investment vehicle that has produced the largest number of millionaires around the world, while giving room people from just about any social class to have a bite at its delicious berry. Perhaps the biggest advantage of investing in real estate is that it’s a great way of earning passive income while doing other businesses. Meaning you don’t have to be involved full time to cash out from real estate.
However, there is need for anyone who want to go into real estate to have a thorough knowledge of the market in order to make the best choices. It is even more important if you are a first time investor or newbie who does not have a lot of experience yet.
That said, there are several ways to get educated about real estate investing but today, we will consider reading great real estate books to get your started.
Here are some of the best books that you can read as a beginner, comprehend and enjoy:
1. The ABC of Real Estate Investing by Ken McElroy
This book by Ken McElroy is a fantastic read that breaks down major concepts of real estate investing to easily understandable points. In fact, many topics treated in the book are commonly misunderstood by those in the business.
This is a must read for anyone hoping to begin investing in real estate in any way. This book will teach you how to achieve wealth and cash flow through real estate, find property with real potential, and show you how to unlock the myths that are holding you back, amongst others. According to Robert Kiyosaki, “What makes this book different is that it is written from the most important aspect of real estate investment, which is property management”
2. What Every Real Estate Investor Needs to Know About Cashflow by Frank Gallinelli.
Frank Gallinelli, founder and President of RealData‚ Inc, the real estate industry’s leading investment software firm, wrote this bestseller to provide basic guide to beginners in real estate investing. It contains formulas that make the difference between making profits and losing equity and posits that the only way to win the real estate investing game is by mastering the numbers. It’s a great read.
3. How to Buy and Sell Real Estate for Financial Freedom by JW Dicks and James Dick
A third-generation real estate investor, James Dicks made his first million before the age of thirty and went on to head his own international investment and financial services firm. Now, in How to Buy and Sell Real Estate for Financial Freedom, he teams up with fellow real estate investor and wealth-building expert J.W. Dicks to help you map out a winning strategy for realizing your dream of financial freedom.
Regardless of your level of experience or bankroll size, this book will put you in the position to start making serious money in real estate–right away.
4. Building Wealth One House at a Time by John Schaub:
If you want to buy your first property, Building Wealth One House at a Time is the best real estate book for beginners. John Schaub walks through how he started with nothing and built an entire portfolio of rental properties. When other investors were buying stocks, Schaub was building up his net worth through real estate.
He emphasizes that novice real estate investors should follow a fundamental strategy to property investing and not succumb to get-rich-quick schemes. Schaub advocates a slow and steady approach to buying one property at a time.
He walks readers through a nine-step plan that begins with negotiating contracts on the front end and concludes with managing cash flow on the back end. Building Wealth One House at a Time covers Schaub’s best strategies for finding the best deals, negotiating, managing tenants, and collecting rental payments. It gives you an overview of how to buy your first piece of property step by step.
5. The Smart Investor Guidebook by Bamidele Adewole
A rule book on making Smart investment decisions of all the major types of investment portfolios available, The Smart Investor Guidebook by first time author, Bamidele Adewole will help you improve your wealth, through profitable investments, and by extension improve the quality of your life. ‘The Smart Investor Guidebook’ is recommended for you if you intend to gain an entry into the exclusive list of millionaire investors- regardless of current financial standing, whether you are a low or mid-level professional who wishes to retire early and rich, a start-up business owner, a self-employed or a presently unemployed job-seeker. It breaks down concepts on real estate investment for the layman to understand.