Best Books for Real Estate Investing: One of the greatest ways of portfolio diversification is an investment in real estate. It can be done by the addition of a hedge in the market volatility. The main advantage of real estate investing is that it’s not directly related to the rise and fall of stocks in the market. In other words, property investment provides stability to financial portfolios. You can choose any way of real estate investing from turnkey properties to rental apartments.
If you don’t know how to drill down or navigate a property to make a particular real estate investment, you should look for real estate books. As there is a bundle of stuff, some books have fluffy material. To avoid wasting your time in reading fluff real estate books, you should read the best picks for navigating real estate books.
Here are the best books for real estate investing to make your real estate journey more successful.
Best Books for Real Estate Investing
1- Mastering the Art of Commercial Real Estate Investing
“Mastering the Art of Commercial Real Estate Investing” is a precious book for every real estate investor. Like many others, you might be confusing residential real estate with commercial ones but both are different. This book explains how it is better to invest in warehouses, data centers, office space, distribution centers, multifamily apartment buildings, and public storage that have dozens of tenants.
Despite the high-level potential return on commercial real estate investment, there are some risk factors that you should avoid. This book focuses on the basics of commercial real estate investment with the help of six laws that boost profitability. The author, Doug Marshall, determines the right timing and position for buying a commercial property with the optimal cash flow to get the long-term benefits.
2- The Millionaire Real Estate Investor
People often want to invest in real estate like a millionaire but they don’t have millions to sink in real estate investing. If you are one of them, this valuable book is for you. The author, Gary Kellers, addresses these challenging issues in his famous book “ The Millionaire Real Estate Investor”. He focuses on the vision and wisdom of 100 millionaire investors to write strategies of wealth making through property investment.
Keller explains all the myths about investment and money that often resist investors from investing in real estate. After reading this valuable piece of information, you will surely invest in real estate to avail of more opportunities and increase profitability. Furthermore, there is no need to be a millionaire to appreciate these techniques and strategies. Become a millionaire by applying the principle of Keller in real estate.
3- The Book on Flipping Houses
“The Book on Flipping Houses” is another interesting real estate book you should read. This book is particularly for those who prefer investment in flipping houses rather than owning rental properties. J Scott, being a professional flipper, shares his experience of successful development of flipping properties, rehabbing them, and reselling them to get maximum profit.
This book covers every aspect from evaluation of potential markets to managing finance for rehab to hiring contractors and finally putting them back in the market. No matter whether you want to flip one home or a large-scale flipping business, you will get a roadmap to achieve your goal through this comprehensive book. J Scott covers every aspect of real estate flipping including investment strategies.
4- Long-Distance Real Estate Investing
“Long-Distance Real Estate Investing” is a great book for investors living in areas that are not suitable for investment. It depicts that you should overlook the real estate myth of investing only in your locality. Instead of investing in the inappropriate locality, you should widen your investment in areas having well-dwelled technological and marketing value.
Greene dives into the useful strategies in his book. Having a multi-million dollar portfolio, he shares all those tips that are implemented for investment in more than 20 properties. This book will educate you on how to find great rental properties regardless of the state and how to renovate them for selling them at a higher price.
5- The Book on Tax Strategies for the Savvy Real Estate Investor
Investors are often worried about the tax implications of real estate investment. Matthew McFarland and Amanda Han draw the basic knowledge of taxation on investment in the book “The Book on Tax Strategies for the Savvy Real Estate Investor”.
This book explains the expenses that you can deduct from real estate investment but those deductions should be legally allowed. You will learn how the depreciation rate works to buy a real estate property by using an IRA. Adopt these tips and strategies of minimizing the taxation on real estate investment.
Best Books for Real Estate Investing Conclusion
These books are worth reading for real estate investing. After reading these 5 books, no one can resist you from becoming a successful real estate investor as all the strategies working, methodologies, requirements, advice, and taxations are comprehensively discussed here.
Best Books for Real Estate Investing
- Mastering the Art of Commercial Real Estate Investing
- The Millionaire Real Estate Investor
- The Book on Flipping Houses
- Long-Distance Real Estate Investing
- The Book on Tax Strategies for the Savvy Real Estate Investor
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