For anyone venturing into real estate investing, your chances of success are higher if you learn from other successful investors. Fortunately, many successful real estate investors have taken the time to write about their story, so it’s only a matter of choosing which person you would like to learn from the most. We asked experts and scoured professional blogs to find out which real estate investing books inspired them. Are you ready to dive in?
Here are the top 25 real estate investing books recommended by pros:
1. The Art of the Deal by President Donald Trump
This book written in 1987 withstands the test of time. Despite his controversial politics, Trump is a renowned real estate investor and businessman. The book is entertaining, captured me as a reader and uses real world examples to show real estate deals being negotiated, as well as what happens behind the scenes. I loved that the book was easy to read, captivating, interesting and focused on the specifics of negotiating deals, scouting locations and working with contractors. So many books gloss over the details, but this one is definitely the exceptio
2. The ABC’s of Real Estate Investing by Ken McElroy
“This book not only saved my business, but it may also have saved my marriage! I started out investing when I turned my condo into a rental during the height of the great recession. But when the time came that I had to move out of the country, I couldn’t sell the house. It was frustrating losing well over a thousand dollars each month and I had to do something to turn it around!
Ken’s book was so thorough and so inspirational, it helped me turn a negative cash flow into a positive one by finding ways to grow net rental income. He easily explains difficult concepts like NOI and Cap Rates with simple examples. He also details numerous examples where investors can save money and raise rents to grow profits. While Ken deals in multi-million dollar properties, the insights he brings apply to any real estate investor at any level. Small real estate investors will profit by reading this book. I know because his book has had a big role in my success as a Buy & Hold real estate investor.”
3. The Challenge by Robert G. Allen
The book is basically a biography, a narrative account, of 3 people who came from the unemployment lines in St. Louis and learned how to invest in real estate. It profiled them as they went through their training and over 90 days afterwards as they pursued a goal of generating a targeted $5,000 from their real estate dealings.
What I like about the book is its real-life account. It’s not sugar-coated and shows the triumphs and the heartaches, successes, and shortfalls as these people tried to go from being unemployed to being real estate entrepreneurs. It’s a very motivating and inspirational boo
4. Real Estate Loopholes by Dianne Kennedy, Robert T. Kiyosaki & Garrett Sutton
I think Real Estate Loopholes by Garrett Sutton is an important read for any real estate investor as it helps to outline some of the tax strategies and consequences of growing a real estate portfolio. One of the biggest takeaways from this book is having a real estate tax professional who also invests in real estate on your team is crucial.
5. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
By far, the best book for those wanting to get started in real estate is Rich Dad, Poor Dad. Now, this is not specifically about real estate, but it will change how you view money and assets. This is required reading for those looking to jump into real estate investing. The author of this book, Robert Kiyosaki, made most of his fortune through real estate.
6. Build a Rental Property Empire by Mark Ferguson
I wrote this book and and I wrote it with an emphasis on making sure anyone could understand it. If someone is just starting out, this is great because it is in plain English and very objective.
The book is about the right way to buy rental properties. You cannot go out and buy any property from the MLS and hope it becomes a good rental. This book teaches you what a good rental property is, how to find great deals, how to finance the rentals (even when you have more than 10 mortgages), how to manage the properties, and how to leverage the properties you have now to buy more and build your empire. I talk about strategies you can use as well as go over my experiences with rental properties.
7. Commercial Real Estate Uncovered: A Handbook for Real Estate Finance and Investments by Jay Rollins
Commercial real estate is one of the greatest wealth creators known to man, and it has very few barriers to entry. This book is a must read for any who would like to learn how to make good decisions regarding commercial real estate investing. It outlines critical financial mistakes others have made and offers tangible tips for becoming a better real estate investor.
8. Building Wealth One House at a Time by John Schaub
This book talks about the potential of a real estate profession as a means to achieving financial security. The author’s intention is to show that the real estate business is not as complicated when the basics are well understood.
“John Schaub was one of the original teachers I learned from, both with his book and with other sources, like his newsletter and in-person classes. I consider John the Warren Buffett of real estate investing. His advice is down to earth, solid, and it has worked for over four decades in his business as a landlord, house flipper, and lender.”
9. The Millionaire Real Estate Investor by Gary Keller
For those who are new to real estate investing, this book by Gary Keller will help you through tough spots with its focus on the basics of the industry, as well as a trove of wisdom and experience from over 100 successful real estate professionals.
“This real estate investment book is very motivational. It gets you hyped on the possibilities of investing and gets you to want to rush out and get started. It covers all the basic information for people who are just starting on their financial journeys. This book will help save you time if you are new to the industry, and is an easy read for people who can take the ideas from the book and apply them to their own situations.”
10. The Book on Rental Property Investing by Brandon Turner
The real estate industry is a competitive niche that is as risky as it is lucrative. The Book on Rental Property Investing talks about the ins and outs of acquiring your first rental property, easy to follow strategies, as well as an analysis on the common mistakes that should be avoided.
“Cash flow and wealth don’t happen overnight. But if you are willing to work hard and invest smart, this book is designed to help you achieve your financial goals through the power of rental properties! This book will give you practical, real-world advice for those looking to build wealth and cash flow through rental properties! You’ll learn:
11. More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing by Julie Broad
There is so much more to the real estate industry apart from cash flow, which is something that beginners sometimes overlook. This book will help you decide if or when you should quit your day job to become a full time real estate investor.
“This book captures the ‘behind-the-scenes’ of real estate investing, the good and the BAD based on real experiences. When I picked up this book, I couldn’t put it down, in fact, I read it numerous times. It had tons of practical content and more importantly, an honest opinion about owning real estate, which is frankly refreshing. This book can change your perspective on becoming a full time real estate investor and inspire you take steps to re-designing your real estate portfolio, as it did for me.”
12. The Book on Managing Rental Properties by Brandon Turner & Heather Turner
The next best thing to first hand experience is hearing from experts. Find out all you need to know to get started in the real estate business with the help of this book from Brandon and Heather Turner.
“Is a rental property the right match for you? The Turners take you on a journey through the real life experiences of their management company, and provide accompanying advice to both novices and experienced brokers. Readers are provided with practical anecdotes. How do I identify a good tenant? What are my tax responsibilities? Test drive this investment option through their narrative.
13. Rich Woman: A Book on Investing for Women by Kim Kiyosaki
The field of real estate investment has traditionally been occupied by men, but recently many women have started investing and made great financial returns. This book is a welcome addition for anyone, but especially for women, who need motivation to get started.
“For those women who are willing to do what it takes to turn that vision into a reality, Kim Kiyosaki has written the first book for women in the Rich Dad, Poor Dad series. This work is targeted at helping women find their own way in the world of investing and understand personal finance. Through a relaxed delivery, Kiyosaki’s overall message is clear: the investing market doesn’t care about the gender of the investor, and women everywhere can successfully invest in their financial future.”
14. My Life & 1,000 Houses by Mitch Stephen
If you’re looking for real estate investing books with a personal touch, this one is for you. Mitch Stephen shares his unique journey into the real estate investment business and shows how the challenges can be conquered, one flipped house at a time.
“This is the story of a self-taught entrepreneur who amasses a lot of knowledge in real estate as he buys properties and eventually gets to over a thousand units. The author takes your through the highs and lows of the trade while pointing out whatever mistakes he made on the way. It is an inspiring story of resilience and financial freedom. Anyone starting out on real estate will find this helpful.”
15. The Unofficial Guide to Real Estate Investing by Spencer Strauss & Martin Stone
Another great starter book for anyone interested in venturing into real estate investing. It gives you a solid foundation on real estate vocabulary as well as important concepts and calculations that all new real estate investors need to know.
“The Unofficial Guide to Real Estate Investing has been around for a while, but it’s still a worthy read for investors who need a blueprint for things like shaping their investment plan or buying their first property. It’s suited towards beginners who are interested in building their portfolio one property at a time without a huge investment.”
16. The Book on Investing In Real Estate with No (and Low) Money Down by Brandon Turner
This book tackles answers the questions for anyone who’s thinking of taking the risk of purchasing real estate properties with zero money down. Even if you do decide to invest a bit of money into each property, this book still sets you up to know:
The best ways to get great deals
How to negotiate with the seller
Ways to scale your portfolio without taking on too much risk
Just keep in mind that many naysayers will say “that can’t be done!” Well, if it couldn’t be done then books like this wouldn’t exist.”
17. From Renos to Riches by Ian Szabo
Ian Szabo’s book is your guide for all types of renovations,showing how effective cost management can go a long way for your property.
“I was lucky enough to be a part of this project before it went to print. Thanks to my advance copy I’ve been able to apply what I learned to several very significant renovation projects (including adding a legal suite). Applying just a few tips from the book (shopping for the things we use on every renovation in advance and buying them only on sale for example) saved us thousands of dollars on each renovation and helped me get our renos on budget and on time.”
18. Real Estate Finance and Investment Manual by Jack Cummings
This book helps real estate investors ensure that they have minimized the risk involved in acquiring a property by focusing on what makes for a sound investment.
“Now in its 9th edition, this book is a valuable guide to financing for real estate investors. It will lead newbies through the complex system that funds deals of all sizes and makes growth possible. Case studies and checklists help clarify financing concepts and procedures. It’s practical and immediately useful.
19. The Commercial Real Estate Investor’s Handbook: A Step-by-Step Road Map To Financial Wealth by Steve Berges
The Commercial Real Estate Investor’s Handbook lives up to its name by offering a go-to, easy-to-understand guide that tackles everything you need to know about investing in real estate.
“After completing this publication, you will have a better understanding of budgeting, be more financially literate, and, best of all, be capable of handling whatever commercial real estate issue arises during your first deal. If you’re deciding whether or not commercial real estate investing is right for you and your business, Fisher’s anecdotes will lead you towards the best choice.”
20. The Loan Guide: How to Get the Best Possible Mortgage by Casey Fleming
The word “mortgage” can be intimidating, but this book by Casey Fleming shows you how to effectively use a mortgage as a leverage for your investments.
“The Loan Guide can help home buyers and real estate investors understand the loan market and pick the best loan program available. All of these books focus on traditional real estate investing but miss one of the best investment opportunities I’ve seen in decades. Real estate crowdfunding is quickly becoming the preferred investment for property with double-digit returns but without the hassle of management. I’ve recently started investing on RealtyShares and have been surprised how easy it is to put together a diversified mix of property types and locations, something I could never do buying properties directly.“
21. The Wall Street Journal Complete Real-Estate Investing Guidebook by David Crook
This book talks about finding investment opportunities everywhere and making them count. If you’re looking for a well organized guide that’s easy to read with a dash of humor, this book is for you.
“A bit older, but still full of prudent advice, this guidebook from the Wall Street Journal’s David Crook is a great place to start when you are thinking about diving into the world of real estate. This book has excellent advice for people who are looking to develop a vacation rental, rent out an apartment, or even those who want to find tax loopholes to maximize their ROI. Crook’s book also outlines tips for avoiding the “get rich quick” real estate schemes.“
22. From 0 to 130 Properties in 3.5 Years by Steve McKnight
Steve McKnight’s book serves as an inspiration to anyone who has a passion for real estate investing. It proves anything is possible with the right approach. The author’s insights are an eye opener and will surely make you change the way you view investing, money, and financial freedom.
“This is the book that first got me hooked on positive cash flow property. I always knew I loved property and wanted to invest in property but as a 16 year old I saw no feasible way that I could ever afford it. I was in an airport lounge about to go on a holiday and I got my parents to buy me this book and IT CHANGED MY WORLD! This book details the journey Steve and his business partner’s journey from owning 0 properties to (as you guessed it) over 130 properties in such a short time period. The book is also jammed packed with practical tips for regular investors like you and me.”
23. Getting the Money: The Simple System for Getting Private Money for Your Real Estate Deals
If you’re still trying to figure out the best way to raise money for your real estate investment, then this book is for you. It explains the different types of real estate transactions to make it easy for anyone who wants to start a career in the real estate investment business.
“Getting the Money provides the reader with the clear framework needed to raise the private capital needed for real estate. This inspiring property financing book talks about the author’s first-hand experience in using creativity and a genuine personality to raise millions of dollars for investing in real estate. This book has useful tips and tactical information to use for closing a deal. If you need to raise any private money for your investments, you are going to want to have read this book before you try to negotiate for your money.”
24. The Complete Guide to Real Estate Finance for Investment Properties by Steve Berges
One of the best real estate investing books for everyone who needs expert advice on any kind of real estate property decision. Steve Berges shares his valuable insight to make sure you don’t miss out on sound investment opportunities.
“This practical, real–world guide gives investors all the tools they need to make wise decisions when weighing the value and potential of investment properties. Written for old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Whether you’re buying or selling, investing in big commercial properties or single–family rentals, you’ll find expert guidance and handy resources on every aspect of real estate finance.“
25. Investing in Duplexes, Triplexes & Quads by Larry B Loftis
If you’re someone who’s focused on investing in duplexes, triplexes and quads, Larry Loftis, Esq., offers sound decision-making strategies that will you get started.
“This book is about my favorite real estate niche: small multi-family. Our portfolio consists of mostly multi family 10 units or under, and have found the most success in this category. This book is about exactly what the title describes, investing in 4 unit and under multi family. It gives specific examples and case studies and even gives real world stories from the author’s experience. There is also plenty of tips and chapters on how to find, value, and how to do the math on investing in these properties.”
Over To You
Whether you’re just starting or have been in the real estate business for some time, these books will definitely help you get over the myths and hype that revolves around the real estate business. All it takes is to be armed with the right information and inspiration and you can well be on your way.
There are literally thousands of real estate investing books out there, did we manage to list all your favorites? If not, let us know in the comments below.
If you want more recommendations on how to best grow as a real estate professional, check out Fit Small Business’ article on the best real estate books in the market today.