Best Books on Investing in Real Estate

REVIEWED BY JAMES GHEEN | PUBLISHED ON AUGUST 27, 2019 | 28 MIN READ

best_books_on_investing_in_real_estate

Andrew Carnegie immigrated to the United States in 1848. He came from a set of poor parents and later became the wealthiest man who ever lived during his generation. Carnegie started his career working in a cotton mill for $1.20 a week, later went on to the Pennsylvania Railroad. Intelligent and hardworking, Carnegie began his investments in a diversified portfolio including iron, oil, coal, telegraph, and railroad companies. By the time Carnegie reached the age of 30, he acquired a small fortune, which was later used to form Carnegie Steel Company.

What are the best books on investing in real estate?

This list does not attempt to compile every book that has ever been written on the subject. Instead, it is a well-rounded list on a very diversified industry. The reader would do well to take their education seriously. The best books on investing in real estate are only valuable to the reader if a full investment is committed in their studies.

How do I Start Investing in

Real Estate and Why Read Books?

For starters, there is a lot of information for free on the internet these days. Chances are if you have a question you most likely will find it through a search engine. So why read books?

Books, courses, and lectures help you formalize information. Instead of following rabbit trails through links and the search engines. Authors of books, courses, and lectures layout information in a concise systematic flow, in other words, you could learn much through visiting site after site. But you’ll learn it faster through a book or course. And you’ll gain key information that you may miss.

To correctly answer the question of how do I start investing in real estate really begins with how much knowledge you can obtain and from where you obtain it. This question can’t possibly be correctly answered in a paragraph or blog post.

The best way to start investing in real estate is to start with your education. The more you learn through courses, books, listening to lectures, etc. Then you’ll know what direction you will want to take.

Best Books  on Investing in Real Estate: The List

1. Crushing It in Apartments and Commercial Real Estate
2. How to be a Real Estate Investor
3. The Book on Rental Property Investing
4. How to Invest in Real Estate
5. Buy, Rehab, Rent, Refinance, Repeat
6. Financial Freedom with Real Estate Investing
7. Long-Distance Real Estate Investing
8. The Book on Estimating Rehab Costs
9. Real Estate Investing Gone Bad
10. What Every Real Estate Investor Needs to Know About Cash Flow
11. The ABCs of Real Estate Investing
12. The ABCs of Property Management
13. The Advanced Guide to Real Estate Investing
14. The Millionaire Real Estate Investor
15. The Flipping Blueprint
16. The Book on Investing in Real Estate with No (and Low) Money Down
17. The Book on Managing Rental Properties
18. Building Wealth One House at a Time
19. Real Estate Investing 101
20. Loopholes of Real Estate
21. Build a Rental Property Empire
22. Best Ever Apartment Syndication Book
23. Commercial Real Estate Analysis and Investments
24. Real Estate Development
25. Landlording on Autopilot
26. Multi-Family Millions
27. Probate Real Estate Investing
28. Investing in REITs
29. How to Invest in Airbnb Properties
30. Raising Private Capital
31. The Book on Tax Strategies for the Savvy Real Estate Investor
32. The McGraw-Hill 36 Hour Course

1 – Crushing It in Apartments and Commercial Real Estate | By Brian Murray

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Crushing It in Apartments and Commercial Real Estate written by Brian Murray provides deep insight into firsthand practical experience. Brian demonstrates a career of advice that he shares throughout the book. From starting out to building a successful business. He provides an educational, honest, and warm voice throughout his text.

Murray’s book describes failures, success, pros, and cons to the field, thereby, providing valuable insight from both perspectives. The book provides inspiration, illustrations, and storytelling.

Brian’s book covers many aspects of the real estate investing field; methods of buying, running, and selling real estate; practical strategies on loans and creative funding. It furthers discusses costs management and formulas to solidify the investment strategy.

The text opens the reader to think at a higher level, bigger, and differently. This book is recommended for every level of the real estate investor and obtains knowledge from the basics to the more advanced investor.

Quotes from the book;

“People usually know what they should do to get what they want. They just won’t do it. They won’t pay the price. Understand there is a price to be paid for achieving anything of significance. You must be willing to pay the price.” —JOHN WOODEN”

“Grit is passion and perseverance for very long-term goals. Grit is having stamina. Grit is sticking with your future, day in, day out, not just for the week, not just for the month, but for years, and working really hard to make that future a reality. Grit is living life like it’s a marathon, not a sprint.3”

2 – How to be a Real Estate Investor | By Phil Pustejovsky

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Phil Pustejovsky’s How to be a Real Estate Investor is a practical and basic level book, yet describes advanced techniques on investing in real estate, wholesaling, short sales, foreclosures, tax liens, creative financing, traditional purchases, and pre-foreclosures. This book doesn’t have much meat or goes into detail but demonstrates general concepts to these techniques.

Phil is widely known for his YouTube videos by bringing a charismatic voice to understanding real estate investor concepts. His teaching drives you to learn more!

This book is recommended to those just stepping into the real estate investing world. If you are looking for a step-by-step guide or a more detailed approach, look elsewhere.

3 – The Book on Rental Property Investing | By Brandon Turner

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Brandon Turner’s The Book on Rental Property Investing is a practical guide based on a step-by-step manual that focuses on a long-term approach with rental property. He advocates that real estate investing is not a quick-rich program but taking practical steps and building sound methods for the long-term outcome.

Turner’s key point is that “Rental property investment has a tendency to take over your life.” He takes his voice and immediately describes his own experiences and stories. Turner further addresses a specific question related to rental properties, such as; “five questions to ask before investing in a fixer-upper.”

In addition, the book covers key principles of obtaining a successful rental property business, e.g. acquiring the right assets, picking the right plan, and managing the right metrics. Moreover, the sample plans he discusses go into detail on other concepts, such as the BRRRR strategy. Turner also lays out how to structure a real estate team, e.g. insurance agent, property manager, lawyer, bookkeeper, CPA, real estate agent, etc. He describes the types and locations of rental properties and even how to market properties and advice on what properties make the best rentals.

This book is highly recommended to just about anyone involved in real estate investing. There is a wealth of information and it is considered one of the newer additions to the market in real estate investing that stands out.

Quotes from the book;

“Life itself is so extraordinary and unique that the only thing keeping people ordinary is themselves.”

“Having goals is great–but it’s not enough! You need action, too! You will need to get off your butt and change the world yourself, because no one else will do it for you.”

“The key to rehabbing a BRRRR property is to make the property as “tenant proof” as possible, using materials that will last a long time and won’t need to be redone later.”

“Let me share with you one of my all-time favorite quotes. Michael Jordan (yes, that Michael Jordan) once said, “Some people want it to happen. Some wish it would happen. Others make it happen.”

4 – How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started | By Brandon Turner and Joshua Dorkin

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Written by Brandon Turner and Joshua Dorkin, How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started is just that a practical, insightful, and deliverable guide for the beginner to obtain the concepts and principles of real estate investing. If there was one book that is recommended for a true beginner to go from a complete beginner to an intermediate level it would be this one.

Why real estate investing in the first place? The authors write, “people invest in real estate because they want to build wealth.” The authors demonstrate that in their opinion that real estate investing is the best investment tool to build wealth through passive income. They further discuss why they believe it is the best way to build wealth.

This book is full of advice on how to get started, what needs to be done, and what direction you need to take. Turner and Dorkin develop a feeling that you can do this, that is, invest in real estate.

Turner and Dorkin start out answering beginner questions, for instance, “can I invest in real estate if I have no money,” “what if my market is too expensive,” or “can I invest in real estate if I have a full-time job.” In chapter two, they give solid financial advice that the real estate investor can implement.

The book also goes into different niches that the investor may choose from, e.g. raw land, multifamily, apartments, REITs, private notes, crowdfunding, etc. And investment strategies or methods, for instance, buy and hold, flipping houses, wholesaling, turnkey investing, BRRRR, rentals, and others.

Financing the real estate investing deals is also important and understanding the different types of financing is critical to how you invest, e.g. the use of hard money, owner financing, all cash, FHA loan, and more.

Quotes from the book;

“As you build your real estate empire, don’t get lost in greed and ambition. Whether through your money, your time, your knowledge, or something else: give back.”

“Today I get 100 times more done with 100 times less effort. What’s my secret? I learned to stop being a cadet and start being a general.”

“Real estate is attractive because it leads people closer to financial independence—the ability to live life on one’s own terms, rather than simply earning enough to pay bills and survive.”

“Real estate investing can make you wealthy, and it can make you wealthy faster than any other investment out there, if you are willing to work toward it. And that’s the key: work.”

5 – Buy, Rehab, Rent, Refinance, Repeat | By David Greene

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David Greene’s Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple is a practical step-by-step that breaks down the five concepts of the BRRRR investment strategy. Greene uses personal anecdotes, acronyms, and practical advice on these investment principles Each section of the book dives deep into each acronym.

The difference between traditional real estate investing and the BRRRR strategy is grounded in the process of each. With traditional real estate investing, the real estate is purchased with a mortgage at the beginning. Among a BRRRR method, the property is mortgaged at the end of the process. This allows for the real estate investor to recover their earnings once the flip is finished.

The book is peppered with personal anecdotes with Greene’s own real estate investing experiences, from saving money for years before buying, to traditional financing, and even direct property management. Greene further demonstrates his failures and identifies the pitfalls to learn from them.

In addition, the book illustrates that the BRRRR strategy can increase your ROI, much more than traditional real estate investing. Rather, traditional real estate investing is a much longer approach, while, using the BRRRR method speeds up the process of building wealth through portfolio real estate.

Greene’s book is another recommended book for anyone that wants to learn the BRRRR strategy and its concepts. This book is for anyone, however, more for the intermediate and advanced real estate investor.

6 – Financial Freedom with Real Estate Investing | By Michael Blank

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Michael Blank’s Financial Freedom with Real Estate Investing: The Blueprint to Quitting your Job with Real Estate – Even without Experience or Cash is a book of just that, how to make that dream. Blank has an outstanding podcast show that focuses on apartment buildings but discusses other related topics with his interviewees. Michael Blank writes with sound credibility and authority on the subject matter, successfully building his own investment company in multi-family apartment buildings. He further demonstrates his loyalty to passion by seeking and helping those who need it.

Blank’s book describes a solid blueprint on how to quit your day job within 3-5 years once you start in the syndication playing field. Blank lays out quality steps in his book to allow this dream to come true. The book includes topics; how to raise money to finance your very first deal, how to get your offers accepted as a beginner, what to look for when analyzing a deal, and even seeking out of state deals.

Syndicating real estate sounds like a scary, deep, and complex subject. However, with all learning, it starts with a book. This book is recommended to anyone who wants to learn how to develop a blueprint and syndicate larger real estate deals.

Quotes from the book;

“What most people don’t know is that they can use their IRAs to invest with you. And they don’t have to pay early withdrawal penalties to do so. Instead, they take advantage of the IRS tax code that allows them to “self-direct” their IRA investment. This means they can transfer their IRA accounts to a “self-directed IRA custodian” and then legally invest the money in almost anything they want:”

7 – Long-Distance Real Estate Investing | By David Greene

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David Greene’s Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Properties is a guide on structuring your portfolio to practically live where you want while investing in real estate that makes sense. Not every real estate market makes sense, some areas are more suitable over others. Often, it may be better to go out-of-state for a solid investment.

Why invest in out-of-state real estate? Greene takes the reader into clarity by construction a sound argument in answering this question. One of the key principles for an investor to learn is to control the mindset, that is, change the mindset if necessary. For many people, their mind is trained to look for problems, reasons not to do something, specifically with the concept of out-of-state investing.

Greene expounds upon strategies that will favor the long-distance real estate investor. In its, Greene shows that you can build your real estate portfolio in any location. By demonstrating how to grow key relationships through local teams. Greene teaches how to detect market shifts to square away the opportunities and find deals in any market. Greene teaches how to utilize technology to implement these strategies through the power of the internet. He further demonstrates rental formulas, niches, how to understand and working the market, maximize ROI, and other tricks to help the investor to find more real estate investing deals.

Quotes from the book;

“Ninety percent of millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate. —ANDREW CARNEGIE”

“Better are the wounds of a friend than the kisses of an enemy.”

“Curiosity will conquer fear even more than bravery will.”

8 – The Book on Estimating Rehab Costs | J  Scott

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Author J Scott is a rehabber and real estate investor. In 2008, Scott quit his corporate job and over the course of nine years building a successful business buying, rehabbing, and reselling single-unit homes. Scott’s book, The Book on Estimating Rehab Costs: The Investor’s Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs is a benchmark of determining rehabbing costs.

The book is structured as a manual with respect to each category of the estimating process and what needs to be estimated. Scott’s book ties in every aspect of possible repair into a neat and ordered layout so that nothing could be overlooked including; plumbing, landscaping, garage, concrete, decks, insulation, termites, mold, permits, flooring, painting, HVAC, framing, roof, among others. It has a detailed scope of budget and work and addresses complex topics in a practical manner.

Estimating rehab costs is a fundamental concept to tackle with real estate investing. Not accurately estimating these costs may greatly fault your numbers and potentially lose out on your investment. This book is recommended with a clear intention of focuses on estimating rehab costs.

9 – Real Estate Investing Gone Bad | By Phil Pustejovsky

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Phil Pustejovsky’s book Real Estate Investing Gone Bad: 21 True Stories of What Not to do When Investing in Real Estate and Flipping Houses is an eye-opener of some of the potential problems that occur. Not to stir you away from investing in real estate, however, the more red flags you are aware of the better and bigger profits you can generate.

Pustejovsky details stories of investments that simply gone bad and demonstrates the lessons we can learn from them. As the old saying goes a smart man learns from their own mistakes but a wise man learns from the mistakes of others. This is what this book is all about. Phil has been collecting these stories over the course of his real estate investing career with several from his own experiences and other horrible stories from other investors.

10 – What Every Real Estate Investor Needs to Know About Cash Flow | By Frank Gallinelli

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Frank Gallinelli’s What Every Real Estate Investor Needs to Know About Cash Flow…And 36 Other Key Financial Measures is a real estate investment analysis book. The truth of the matter, if you want to be successful in real estate investing, understanding the financial side of the business is an absolute necessity.

However, Gallinelli’s book teaches just the important measures in finances. You don’t need a college degree in finance to invest in real estate. Gallilinelli gives you the necessary tools that you need to start crunching numbers. And by crunching the numbers accurately, consistently, and quickly, you allow yourself to put more money in your pocket, avoid making mistakes and increase your return on investment.

This book is recommended for everyone who wants to start investing in real estate. Gallinelli teaches you key metrics, including; return on equity, capitalization rate, net operating income, profitability index, discounted cash flow, net present value, cash-on-cash return, and internal rate of return.

Regarding books on real estate, this book clearly breaks down the essentials of real estate math.

11 – The ABCs of Real Estate Investing | By Ken McElroy

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These three books are developed and considered to be a package. Written by Ken McElroy, and experience real estate investor and business owner. Ken McElroy’s The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss is part of the Rich Dad Advisors series. This book is more catered to the purchase, management and apartment complexes. Although the terminology is fundamental there is still much information to develop your skillset.

McElroy dives not only in the fundamentals of real estate investing but how to create cash flow through real estate. He does a solid job of teaching how to find properties that have great potential and also the know-how to weed out the garbage. McElroy further examines how to perform the numbers, while negotiating for better deals. He thoroughly explores the property management side and develops an understanding that property management can be a tool to grow wealth.

Quotes from the book;

“There will come a day when the properties my partner and I own will be sold. But until that day, the cash flow generated from them, and their appreciation in value, ensures that we have the ability to do the things we love today, and in the future.”

12 – The ABCs of Property Management | By Ken McElroy

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Ken McElroy’s The ABCs of Property Management: What You Need to Know to Maximize Your Money Now is part of the Rich Dad Advisor series. In this book, McElroy dives deeper into the property management field by teaching his readers how exceptional property management is a great tool to be developed and used to impact your real estate investing business.

McElroy explains how to hire a property manager and when its time to have a property manager. He tells you what to expect as an owner-manager. He teaches his readers how to formulate a solid management team and to maximize cash flow through property management.

 

13 – The Advanced Guide to Real Estate Investing | By Ken McElroy

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Ken McElroy’s The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals is also part of the Rich Dad series. In this book, McElroy explains that real estate investing does not get the attention that it potentially deserves from mainstream media financial outlets like stocks, bonds, and mutual funds. Many believe that these mainstream financial investments are the safest way and most profitable way to invest. McElroy explains that television, radio, and media publications receive a large amount of their paid advertising from companies who provide these types of financial services. McElroy teaches that real estate investing is something tangible, unlike paper assets.

McElroy demonstrates how to think, operate, and manage like a mogul. Teaches how to identify deals and explores why multifamily is the best real estate investing niche there is. He further explores why a team is critical and teaches how to maximize team leverage. Also, he explains how to structure real estate property sales effectively to avoid paying taxes.

Quotes from the book;

“Money tends to produce more money—when invested right.”

“In order to become wealthy, you have to stop working just to pay your expenses”

“Business creates liquidity; real estate creates wealth.”

“Property Evaluation Process: •Verify the property’s income •Verify the property’s expenses •Determine net operating income •Use the capitalization rate to find the value •Calculate the loan payment and your rate of return”

14 – The Millionaire Real Estate Investor | By Gary Keller

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Gary Keller’s The Millionaire Real Estate Investor is a no-nonsense approach to the fundamentals of real estate investing. Keller compiles wisdom from over 100 investors who actually made the millions with real estate. These are people like you and me, just average people who worked hard to achieve their dreams investing in real estate. Keller focuses on the key principle of the book: patience and perseverance. Real estate investing is for the long-run, it’s not for the weak who goes with the wind.

In Keller’s book, the reader will learn how to obtain a millionaire mindset, which is critical in wealth building. He further demonstrates in team-building and calling in the experts. Keller explores the reasons why people hold back from even trying in the first place. He gives solid advice on how to identify great real estate opportunities and how to avoid bad deals.

Quotes from the book;

“Generally, real estate is cyclical. You have to buy in a way that lets you afford the cycles. And you have to know where you are in the cycle.” Charles”

“Deals aren’t found. Opportunities are found. Deals are made.”

“Most people think buying is investing, but they’re wrong. Buying doesn’t make you an investor any more than buying groceries makes you a chef.”

“All great achievements are the result of sustained focus over time—all of them.”

15 – The Flipping Blueprint | By Luke Weber

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Luke Weber’s The Flipping Blueprint: The Complete Plan for Flipping Houses and Creating Your Real Estate-Investing Business is exactly what the title says. It contains a detailed blueprint from the beginning to the end on how to flip a house to earn a profit. This is a great investment for yourself and contains a wealth of knowledge. Your return on investment will be significantly high if you act on the knowledge contained in this book.

Weber’s book teaches and expounds on key fundamental real estate investing flipping principles. It teaches the reader how to present yourself to other investors and real estate professionals that could lead to finding the best deals and foreclosures. You will learn how to leverage finances and learn how to work with lenders. Further, Weber demonstrates a thorough job in dealing with contractors and rehabilitation work. Weber even goes into concepts of the remote investor and using the power of social networking to create deals.

16 – The Book on Investing in Real Estate with No (and Low) Money Down | By Brandon Turner

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Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down: Real-Life Strategies for Investing in Real Estate Using Other People’s Money is an in-depth approach to the real estate investing concepts of investing or getting started investing in real estate when you don’t have any money to start.

Contrary to the belief that investing requires capital, and indeed it a lot easier when capital is available. However, Turner breaks down the art of creative real estate investing. In his book, you will discover that there are strategies to get you from nothing to something, and potentially you can scale an empire.

Turner explores strategies that include; owner-occupied investments, lease options, seller financing, and real estate wholesaling. He further dives into financing options, namely, the different types of loans. He gets into a few home equity lines of credit or HELOCs. And even explores raising private money to fund your deals. Overall, Turner does an excellent job of expounding on these key real estate investing principles when it comes to real estate investing with no or low money down deals.

17 – The Book on Managing Rental Properties | By Brandon Turner and Heather Turner

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The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profit written by Brandon Turner. In this book, Turner brings aboard his wife Heather Turner. This book is a how-to book on

answering the difficult tasks of land-lording, managing rental properties, advertising vacancies, pre-screening your tenants, fair housing, the application process for tenants, signing rental contracts, managing tenants, dealing with problems, dealing with contractors, how to deal with bad tenants and getting rid of them, how to manage with tenants when they do move out, and organizing your bookkeeping and business.

 

18 – Building Wealth One House at a Time | By John Schaub

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John Schaub’s Building Wealth One House at a Time is a practical approach to creating wealth by financing, buying, and managing real estate property. During the 2007 – 2008 financial crisis, the real estate market had seen one of the most significant collapses in modern history. However, today the market has rebounded and real estate investors are eager more than ever to earn their fortune.

In Schaub’s book, the reader will learn methods, strategies, and concepts in the real estate investing industry, especially, how buying one house at a time can make your wealthy. You’ll learn the concepts of real estate economics, how to find opportunities, using contracts in your advantage, how to make an offer, the best way to negotiate our deals, how to borrow safely and effectively, and how to attract long-term tenants.

Overall, this is an all-around book on the subject matter and investors can greatly benefit from the knowledge of it.

19 – Real Estate Investing 101 | By Michele Cagan, CPA

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Michele Cagan’s Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses and Essential Primer on How to Make Money with Real Estate is a book written by a certified public accountant (CPA). This book allows the reader to look at real estate investing from a CPAs perspective. And this is important for many reasons.

 

Not only does Cagan’s book look at fundamentals, but also key concepts on asset protection, and how to pay fewer taxes. Cagan also teaches about section 1031 exchanges, tax breaks, tax forms, tax rules, among others. Cagan also teaches on the new trends of real estate investing, such as crowdfunding, senior housing, and even blockchain technology.

It’s important that the real estate investor receive knowledge in the basics of asset protection and tax loopholes.

20 – Loopholes of Real Estate | By Garrett Sutton

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Garrett Sutton’s Loopholes of Real Estate is part of the Rich Dad series. This book is written from the perspective of a lawyer. In Sutton’s book, there are tax and legal strategies that are used by the rich for generations. Now they are here for you to learn these strategies and implement them in your own real estate investing business.

 

In Loopholes of Real Estate, the reader will learn and understand concepts like what is a land trust, what are LLCs and when to use one, the difference between a grand deed and quitclaim deed, how to use line-of-credit on the property to discourage a lawsuit, and much more. Regardless of where you sit on your real estate investing business. You need to learn how to protect yourself, legally!

Quotes from the book;

“Successful real estate investors realize the value of surrounding themselves with experts in a range of areas—taxes, the law, real estate, insurance, property management, etc.”

“There are great advantages to investing in real estate, both as a cash flow business and as a wealth builder.”

“Our financial, tax and legal systems are set up to reward property owners.”

“Ordinary people just like you, with ordinary reserves of cash, have achieved great results in real estate investment, and you can too.”

“Real estate investing will power up your earning potential and put you into a different class of investors entirely.”

The government grants tax and legal loopholes to real estate investors to encourage them to do a job that the government can’t.”

21 – Build a Rental Property Empire | By Mark Ferguson

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Mark Ferguson’s Build a Rental Property Empire: The No-Nonsense Book on Finding Deals, Financing the Right Way, and Managing Wisely is that covers a wide range of topics including, why rental properties will help you retire faster than any other investment, how to determine what rental to buy, how to get a great deal, how to finance rentals, what risks are involved with rentals, what repairs are needed on rental properties, how to invest in rentals with low cash, what are the best exit strategies, among others.

 

 

22 – Best Ever Apartment Syndication Book | By Joe Fairless and Theo Hicks

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In Best Ever Apartment Syndication Book, the authors clearly expound what syndication real estate is all about. Many real estate investors start out in the single-family units, however, not only can you start out buying apartment buildings, you potentially can grow a very quick empire through syndication.

 

Fairless and Hicks dive into the terminology of apartment syndication, further learning the goals, motivation, and creating a long-term strategy. The authors teach on how to build a powerful brand to attract passive investors, teach how to evaluate and select real estate markets, teach how to build a real estate team, and learn how to tap into your existing network for passive investors. You’ll learn the science behind deals, finances, business plans, and exceeding your return on investment.

23- Commercial Real Estate Analysis and Investments | By David Geltner, Norman Miller, Jim Clayton, and Piet Eichholtz

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Now we start to get into the thicker and meaner books. Textbooks! Finance is a huge part of investments and real estate investing is not immune. In Commercial Real Estate Analysis and Investments the authors diving into deep concepts. This book is recommended for a more advanced learning personality, however, anyone who has an interest will do just fine.

 

The authors in this book takes you on a journey into real estate economics, forecasting rents, learning supply and demand, assets market segmentation, capital market, the real estate system, commercial property development industry, four-quadrant model, urban economics, centripetal and centrifugal forces, central place theory, principles of urban and value and use, residual nature of land value, principles about how rent and city size change, the effect of land-use boundaries, the effect of rent growth expectations, real estate market analysis, present value mathematics for real estate, real estate valuation, discount rate, cash flow, direct capitalization, capital budgeting, micro-level valuation, the use of debt in real estate investment, after-tax investment analysis, mortgages from an investment perspective, commercial mortgage economics and investment, and so on and so on.

Here’s the point. This is an academic side of real estate investing!

24 – Real Estate Development | By Mike Miles, Laurence Netherton, and Adrienne Schmitz

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Here’s another textbook read. The authors of Real Estate Development teaches great length the concepts related to real estate development. It teaches you the real estate development process, land and demographics in the United States, how to build a developing team and partnership, even gives you a look at the history of real estate development, expounds on the public interest for real estate development, explores the decision-makers and stakeholders in these real estate transactions, it goes into length of the financing and feasibility, and the process of the development, the marketing, the construction, the management, and so much more.

25 – Landlording on Autopilot | By Mike Butler

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Mike Butler’s Landlording on Autopilot: A Simple, No-Brainer System for Higher Profit and Fewer Headaches is an all-round fundamental good book on rental properties. Butler teaches his readers and gives practical advice on many different aspects of the real estate investing business.

Butler teaches the difference between earned income and passive income, tax-free strategies in real estate, what the best niche is in the real estate market (e.g. land, commercial, single-family, duplexes, mobile homes, trailers, etc.), he also recommends to never call yourself a landlord and the tenants are not your customers, and much more!

26 – Multi-Family Millions | By David Lindahl

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David Lindahal’s Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits is a book that offers sound expert advice for real estate investors who desire to make the transition from single-family units to multi-family units. Lindahl teaches his readers how to find distressed properties, fix and flip those properties into sound profits. This book is written in a step-by-step system for each process.

 

In it, you’ll discover the reason and answer behind the question of ‘why invest in apartments?’ You’ll further your understanding of the process of your first deal (e.g. marketing, negotiating, due diligence, etc.), you’ll also learn how to attract deals, analyze deals, rehab, landlord and much more!

27 – Probate Real Estate Investing | By Jeff Leighton

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Jeff Leighton’s Probate Real Estate Investing: The Ultimate Guide to Buying and Selling Probate Real Estate teaches real estate agents and real estate investors how to systematically find deals people don’t even know to exist. You’ll learn how to do probate deals even if you don’t know what the probate process is.

Leighton’s book is for anyone who wants to get more out of their business utilizing this special niche (probates). This book will help you get started in the world of probates. In it you’ll learn everything you need to know about probates, the misconceptions about probate, how to find probate properties, marketing probates, case studies of probate deals, frequently asked questions about probate, making offers and exit strategies, and closing the probate deal.

28 – Investing in REITs | By Ralph Block

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Ralph Block’s Investing in REITs: Real Estate Investment Trusts is a book that demonstrates the value of investing in REIT stocks which provides some of the best returns in the world. REITs have become increasingly popular with both institutional investors and individual investors. This book has established itself as the definitive guide to understanding this type of asset class.

In this book, you’ll learn a comprehensive history of the REIT industry, how to build a diversified REIT portfolio, how to value individual REIT stocks, how to spot blue-chip REITs, how REITs compare with other investments and important new strategies and developments within the REIT market.

 

29 – How to Invest in Airbnb Properties | By David Leroux

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David Leroux’s How to Invest in Airbnb Properties: Create Wealth and Passive Income Through Smart Vacation Rentals Investing is a practical guide on how to start with the new trend in the Airbnb market place. This book has practical advice for anyone that wants to dive deeper into this niche in the real estate investing market.

In this book, Leroux demonstrates the planning, buying, and profits phases. You’ll learn how to buy these Airbnb profits through understanding trends, AIRDNA cities, Mashvisor cities. You’ll also learn how to identify the proper revenues through revenue analysis, and learn key principles, for instance, writing a winning title, setting instance booking and 1-night min, maximize the number of guests, and much more!

30 – Raising Private Capital | By Matt Faircloth

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Are you ready to help investors build their wealth while building your own real estate investing empire? In Matt Faircloth’s Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money you’ll learn practical advice on turning other people’s money in your own empire while building their wealth.

This book demonstrates the lessons of finding private money in places you never knew existed. You’ll learn prerequisites that are needed to start raising private money. Learn how to structure equity and debt deals and when to use each strategy. Also, learn how to protect all parties who are involved in a private transaction.

Quotes from the book;

“To live a bigger life, you need to learn how to be a bigger human being.”

“Taking personal responsibility for all my circumstances is not always easy but absolutely necessary.”

31 – The Book on Tax Strategies for the Savvy Real Estate Investor | By Amanda Han and Matthew MacFarland

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As the old saying goes there’s only two things guaranteed in life; death and taxes! Although, maybe true. We can minimize our tax liability through real estate investing. In The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay far Less to the IRS, will ensure that you learn the methods to maximize deductions for your real estate investing business.

In this book, you’ll learn creative ways to maximize tax deduction, clever ways to write off your kids, strategies to write off every penny in your travels, learn easy tips and tricks to minimize bookkeeping time, and learn to protect your assets from an IRS audit. Taxes are important to learn in the real estate investing business. There’s no need to be intimidated from them, the more you know the better you are off.

32 – The McGraw-Hill 36 Hour Course: Real Estate Investing | By Jack Cummings

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Looking for a more textbook approach? The McGraw-Hill 36 Hour Course: Real Estate Investing is a complete curriculum for building wealth in today’s market. Opportunities are practically unlimited when you understand the concepts of real estate investing.

This book offers a well-rounded education on building wealth in real estate investing and it stands alone with veteran real estate investor Jack Cummings. In it, you’ll learn sound investment strategies start with a good plan, basic real estate terminology, real estate mathematics, why government officials are important, how to use the public forum to find the best deals, how to find the right real estate broker, how and why real estate properties go up and down and what to do about it, why location is not the entire story, why zoning is important and even how to change it, how to find property to buy, how to buy and sell it for a profit, how to use the exchanges to buy and sell real estate, and much more.

Final Thoughts

The interesting thing about Carnegie is that he become wealthy through knowledge and hard work. Knowledge and hard work allowed him to create opportunities for investments. These two concepts are not only reachable to master but certainly plausible. With real estate investing, the possibilities are endless. There is a multitude of niches and markets to choose from, e.g. apartments, single-family, multi-family, REITs, Airbnb, commercial, and many more!

I believe the best books on investing in real estate are choosing your own books. Books you can actually learn from and study. They may be part of this list or list from another. The key is to start learning today!

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Real Estate Best Books on Investing in Real Estate – Summaries – Quotes