It’s no secret that investing in real estate is by far the best and most efficient way to build real, lasting wealth today. However, real estate investing can be complicated, which is why it pays to learn from those who have gone before. Outside of credible mentors, I always say a good book is the best place to start for solid real estate advice. Here is my list of the best books on real estate investing.
The Best Books on Real Estate Investing
I honestly believe that for the average Joe, real estate investing is by FAR the best, most efficient, and most enjoyable way to grow your wealth. I have been investing in real estate for half a decade already (wow!), and continually discover new and useful knowledge and tricks of the trade. Which is why I continuously dedicate myself to reading books on the subject.
However, when it comes to real estate investing, not all books are created equal! So before you pick up your first book on real estate investing, check out these lists and find one that fits your goals.
My Real Estate Story
At this point in time I am proud and infinitely grateful to have been calling myself a real estate investor for the better part of a decade. I have bought and sold flips, completed wholesale deals with both single family and commercial mobile home parks, and bought single and multifamily rentals. In addition, I even started my own podcast and YouTube show called “The Real Estate Investing Club“.
In other words, I’ve had a fair bit of experience when it comes to investing, and am thankful beyond words to have gotten to where I am today. However, my having gotten here was never guaranteed! When I first got started in real estate investing, my path was headed in a very different direction.
The Beginning of My Journey Into Real Estate Investing
At the beginning of my investing journey, I was a dissatisfied corporate management consultant worker bee, blindly climbing the “corporate ladder” with no real interest in what I was doing.
I distinctly remember one morning in particular when I realized I was on the wrong path.
Employed at Microsoft, I was 23 years old, working as a Business Analyst consultant in Redmond, WA. I had woken up early that morning and was preparing for the day, looking over my calendar at the tasks I had ahead of me.
As I opened my computer to go through my morning email, a sense of dread and disgust made it so the lid felt as if it were 1,000 pounds. In other words, I hated my job, and couldn’t bring myself to get started.
After that point, I knew I had to make some sort of change.
Enter My First Best Book for Real Estate Investing
As I didn’t know exactly what else I should be doing with my life, I kept working as a consultant for some time. It wasn’t until I happened upon Robert Kiyosaki’s “Rich Dad, Poor Dad” that the fog slowly began to lift.
After finishing Robert’s book, it was as if an entirely new world had been revealed to me; a world that didn’t involve hours of sitting in traffic, suffering through endless meetings about things I didn’t care for, or trading my time (aka my life!) for money.
Needless to say, I was pretty stoked about the world Robert had shown me.
My First Foray Into Real Estate Investing
With a little money saved up in the bank, I decided to buy my first real estate investment with a friend of mine in the form of a run down triplex two towns over from where I lived.
However, I soon found out that general knowledge only gets you so far. With little in terms of a rehab budget, my friend and I got busy cleaning up the property from the previous hoarder who had occupied the unit.
Saying it was a pile of rubbish is putting it lightly.
However, after countless trips to the dump, one pipe bursting, and a few calls to the city to tow away abandoned cars, we had officially “flipped” the property. After that, we sold it for a breezy $70,000 in profit.
The Best Books on Real Estate Investing and Building a Real Estate Investing Business
At that point, I was hooked. And as they say, the rest is history.
In short, if I hadn’t gotten my hands on Robert’s book, I would never have bought that first triplex, and most likely would not be where I am today.
From that point on, I decided investing in real estate would be my primary focus. Even so, I knew I couldn’t just “fly by the seed of my pants”. I needed time-tested wisdom from people who had already seen success in real estate investing.
So I started buying more books on real estate investing. And thus was born the list on the best books of real estate investing.
Without further ado, let’s get into the top ten essential best books for real estate investing.
The Best Books on Real Estate Investing List, And How To Read This Blog Post
I understand everyone has different goals and interests; if you’re more into commercial real estate investing, then it won’t do you much good to read a book on investing in single family residential properties! Which is why I’ve broken this list out into categories by asset class.
A Summary of the Sections
The first list will be my overall list of the best books on general real estate investing. These books are the books you’ll want to read if you’re just getting in to investing and haven’t chosen a specific path yet.
The next three lists are focused around the best real estate investing books for individual strategies or asset classes. Go to these lists if you already know that you want to invest in, say multifamily or commercial properties.
The last lists has nothing to do with real estate at all, and everything to do with the general principal of high performance. I’ve learned in my own life that it doesn’t matter how much you know about a thing, if you don’t believe you can achieve your goal you won’t take the necessary steps. For this reason, I added a list for general motivation.
At the very, very end of this blog post I’ll write out my personal favorite book on the topic of real estate investing. If you’re already an investor, you can probably guess which book this will be. Nonetheless, if you haven’t yet read my best book for real estate investing, I would highly encourage you to pick it up. Regardless of your real estate investing expertise!
The Top Ten Essential Best Books on Real Estate Investing
To begin our endeavor, in this first section I will cover the general and essential best books on real estate investing. In other words, these books will be the perfect place to start if you are brand new or relatively new to the world of investing in real estate.
One note before you start clicking on the links. While some of these books focus on a single topic, the majority are general in nature and will be a great place to get started building your library of real estate investing books.
- The Millionaire Real Estate Investor by Gary Keller
- Financial Freedom with Real Estate Investing by Michael Blank
- What Every Real Estate Investor Needs To Know About Cash Flow by Frank Gannilelli
- 50 Real Estate Investing Calculations: Cash Flow, IRR, Value, Profit, Equity, Income, ROI, Depreciation, More by Michael Lantrip
- 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 by Brandon Turner
- The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties (Fix-and-Flip) by J Scott
- The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property (Fix-and-Flip) by J Scott and Mark Ferguson
- Loopholes of Real Estate by Garret Sutton
- Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David Greene
- The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy
My Favorite Top Ten Essential Real Estate Investing Book
The first book on this list will be The Millionaire Real Estate Investor by Gary Keller. This is one of my all time favorite books on investing in real estate as it is chuck full of real estate wisdom. Therefore, it warrants a place on the list of best books on real estate investing.
It also happens to be one of the first books I read that got me interested in the potential of investing in real estate, so I may be a bit biased.
Why I Loved The Millionaire Real Estate Investor
Besides the obvious reason of it being one of my first books in real estate investing, this book is by far one of the most comprehensive books out there on the topic of investing in real estate. In fact, I would go so far as to say if there is one single book you buy, this should be the book.
What I love about this book is that the author does not assume you’re independently wealthy. In fact, he assumes you’re coming from the perspective of someone who’s looking forward to wealth. And will use real estate and the vessel.
From The Millionaire Real Estate Investor
I could say more, but I believe the cover says it best:
Anyone who seeks financial wealth must first learn the fundamental truths and models that drive it. The Millionaire Real Estate Investor represents the collected wisdom and experience of over 100 millionaire investors from all walks of life who pursued financial wealth and achieved the life-changing freedom it delivers. This book–in straightforward, no nonsense, easy-to-read style–reveals their proven strategies.
The Millionaire Real Estate Investor is your handbook to the tried and true financial wealth building vehicle that rewards patience and perseverance and is available to all–real estate…
The Millionaire Real Estate Investor is about you and your money. It’s about your financial potential. It’s about discovering the millionaire investor in you.The Millionaire Real Estate Investor
Single Family Residential (SFR) Real Estate Investing
Up next, we have Single Family Residential Real Estate.
After having started a podcast on the topic and heard the real estate investing story of hundreds of investors, I’m fairly certain 99% of all investors get their start in single family properties.
And for good reason – there’s a lot of them!
If investing in single family properties is the thing that tickles your fancy, here my list of the top 4 books on the subject.
- The Book on Estimating Rehab Costs by J Scott
- Hold: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
- FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
- The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits by Brandon Turner
My Favorite Single Family Residential Book
Investing in single family properties is near and dear to my heart as it’s the first thing that really made me feel like I was a real investor. That is to say, there’s nothing like the feeling of completing a single family flip to get you motivated!
However, fix and flips are not for the faint of heart. Which is why I highly recommend considering the BRRRR strategy when looking at your single family exit strategy.
With that said, if there’s one book on the subject of investing in single family rentals that stands above the rest, it would be “Hold: How to Find, Buy, and Rent Houses for Wealth” by Steve Chader. Therefore, it earns it’s place among the best books on real estate investing.
Why I Loved Hold
As I mentioned before, I believe investing in single family real estate is a great way to get started in the industry.
However, HGTV shows like “Love It Or List It” and “Fixer Upper” show flipping as the golden standard of real estate investing.
For beginners, I do NOT think fix n flip is the best exit strategy to pursue.
On the other hand, buy and holds are a solid strategy for beginners. Consequently, I would recommend a book on buying and renting out properties to anyone interested in single family investing.
And there’s never been a book that outlines the single family investing strategy better than “Hold“.
Hold is incredibly detailed, works from the fundamentals of real estate investing, and goes through every phase of investing in single family properties.
Learn how to obtain financial freedom through real estate. The final book in Gary Keller’s national best-selling Millionaire Real Estate Investor trilogy teaches the proven, reliable real estate investing process to achieve financial wealth.Hold
Multifamily Residential (MFR) Real Estate Investing
As far as the general public goes, investing in real estate is anything but sexy. However, for those who have the itch for real estate, there’s nothing sexier than investing in multifamily residential properties.
For that reason, this list is particularly difficult to create, as there’s an abundance of great advice out there for those interested in investing in multifamily real estate.
In short, if investing in Multifamily Residential (MFR) properties is your gig, these are the books to consider.
- Multifamily Millions: How Anyone Can Reposition Apartments for Big Profits by David Lindahl
- The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing by Paul Moore
- The Definitive Guide to Underwriting Multifamily Acquisitions by Robert Beardsley
My Favorite Multifamily Residential Book
As my experience in multifamily real estate investing is restricted to non-commercial, 4 units or less, properties, I would consider my expertise here limited.
However, I have read quite a few books on the topic. And in my opinion, one stands above the rest.
That book is “Multifamily Millions: How Anyone Can Reposition Apartments For Big Profits” by David Lindahl. Therefore, it earns a spot among any list of best books on real estate investing.
Why I Loved Multifamily Millions
Repositioning multifamily apartment buildings is a thing a beauty. It’s the apex of adding value and consequently reaping the rewards.
Why do I think that way? I read Multifamily Millions.
It’s true, there are more technical, more detailed books on the topic of investing in multifamily real estate. However, there’s no book that better motivates or inspires!
Multifamily Millions is the perfect start for those who want to jump on the multifamily gravy train.
Multi-Family Millions offers expert advice for investors who want to make the transition from single-family homes to more profitable multi-family units. Successful real estate investor David Lindahl shows you how to find troubled properties that are ripe for quick profits, how to fix or flip those properties, and how to re-sell at maximum value. With a proven step-by-step system for managing each stage of the process, this book shows you how to get started in moneymaking multi-family units?even while you work your day job.Multifamily Millions
Commercial Real Estate Investing
If there’s anything sexier than investing in multifamily real estate, it’s investing in commercial real estate. Single family and multi family real estate can be difficult, full of non-paying tenants, broken toilets and pet fees. In other words, it’s the world where the home and business overlap.
With commercial real estate, the exact opposite is true. Above all, commercial is the world of business.
For that reason, commercial real estate investing is attractive for many investors. Consequently, if investing in commercial real estate properties is the thing that excites you, these are the top books on the topic.
- Mastering the Art of Commercial Real Estate Investing: How to Successfully Build Wealth and Grow Passive Income from Your Rental Properties by Doug Marshall
- Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big by Brian Murray
- The Due Diligence Handbook For Commercial Real Estate: A Proven System To Save Time, Money, Headaches And Create Value When Buying Commercial Real Estate by Brian Hennessey
My Favorite Commercial Real Estate Book
As commercial real estate is outside of my wheelhouse, I have read fewer books here than in other categories of real estate investing books.
However, among the books that I have been able to read, one stands above the rest. That book is none other than “Crushing It In Apartments And Commercial Real Estate: How A Small Investor Can Make It Big“.
Why I Loved Crushing It In Apartments and Commercial Real Estate
As I’ve said before, I’ve read a fair number of books on the topic of investing in real estate. As a result, I have a good grasp on the vibe of most investing books.
To put it kindly, no one would want that vibe at a party.
However, when it comes to Crushing It In Apartments And Commercial Real Estate, there’s a distinct impression that the authors are people you’d want to spend time with at a party.
Among the commercial investing books, this is definitely the book that reads the best. On top of that, it has solid advice for anyone interested in investing in commercial real estate and commercial grade apartment buildings.
Therefore, this book lands among the best books on real estate investing.
Think apartments and commercial real estate are just for the big boys? Think again.
Brian Murray was not an investment pro when he bought his first commercial property. He was a teacher looking to build some side income. Armed with his passion for business and a lot of common sense, he developed a simple yet highly effective approach to investing that he still uses today at his multimillion-dollar real estate company.
Crushing It in Apartments and Commercial Real Estate is a beginner’s guide to investing based on Murray’s experience bootstrapping his way from newbie investor to award-winning CEO of Washington Street Properties. Murray shares the secrets to his success through straightforward, actionable advice that will help you get started no matter what your experience level, or how much cash you have on hand. You’ll learn how to:
Murray also shares real-life stories that reveal exactly how he grew his business, and the hard lessons he learned along the way (so you don’t have to). Whether you already invest in real estate and want to go bigger, or you’ve never owned a property, this book gives you the tools and wisdom you need to crush it in apartments and commercial real estate.Crushing It In Apartments and Commercial Real Estate
Mindset & Motivation
As time has gone on, I’ve realized more and more than successfully investing in real estate has more to do with my mindset and overall expression of character than it does my expertise or knowledge in real estate investing.
Consequently, I have decided to add a section on the best books on high performance, mindset and living well.
In fact, I personally believe that these books have had a greater impact on my overall success in real estate investing than any of the books listed above.
- Mindset: The New Psychology of Success by Carol Dweck
- The Seven Spiritual Laws of Success: A Practical Guide to the Fulfillment of Your Dreams by Deepak Chopra
- The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen Covey
- The Essential Writings of Ralph Waldo Emerson by Ralph Waldo Emerson
- Meditations by Marcus Aurelius
- How to Win Friends and Influence People by Dale Carnegie
- On the Shortness of Life: Life is Long if You Know How To Use It by Seneca
- The Way of the Superior Man by David Deida
- As a Man Thinketh by James Allen
- The 48 Laws of Power by Robert Greene
My Favorite Book for Mindset & Motivation
This is by far the most difficult decision I have made thus far. As is probably obvious by now, I enjoy reading non-fiction. A lot.
In fact, if any of my friends or family were to answer the question, “What is unique about Gabe” I’m sure at least one of them would say, “He’s oddly invested in reading books.”
With that said, there is one book that has had a tremendous impact on my life. More-so than any other book I’ve read in my life.
That book is “On The Shortness of Life: Life is Long if You Know How To Use it“, by Seneca.
Why I Loved On The Shortness of Life
As this is a blog post on the best books on real estate investing, I cannot legitimately name a non-real estate investing book as my favorite book of all time within the category.
Even so, if there’s one book that has changed my perspective on life for the better it would be this small-but-mighty book by Seneca.
In short, there are few other books that are as packed with truly insightful bits of wisdom than On the Shortness of Life. Any page I open to in my copy of the book, you’ll find under-linings and notes in the margin of the page.
In fact, I’ll go ahead and prove my point by randomly opening to a page and picking a single paragraph to quote here.
An Example Of Seneca’s Wisdom
And I quote,
Then we must appraise the actual things we are attempting and match our strength to what we are going to undertake. For the performer must always be stronger than his task: loads that are too heavy for the bearer are bound to overwhelm him. Moreover, certain tasks are not so much great as prolific in producing many other tasks: we must avoid those which give birth in turn to new and manifold activities, and not approach something from which we cannot easily withdraw. You must set your hands to tasks which you can finish or at least hope to finish; and avoid those which get bigger as you proceed and do not cease where you had intended.
We must be especially careful in choosing people, and deciding whether they are worth devoting a part of our lives to them, whether the sacrifice of our time makes a difference to them.Seneca
I promise you, that was a random quote, on a random page. The book is overflowing with wisdom of this sort.
Moreover, success in life has been a funny thing. It’s not what I think it is, and it does not come to me simply by focusing on it. It comes as a result of truly enjoying what it is I do.
However, the natural instinct is to focus my energy on what it is I believe will bring me security and status.
To combat that natural urge, I read Seneca.
Senaca, and any book on Stoicism for that matter, focus my mind on what actually matters. In short, it’s the best book to prepare yourself for investing in real estate.
My All-Time Favorite Best Books on Real Estate Investing
If you were to choose one, single book to read on the subject of investing in real estate, the single best book is Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki.
Certainly, this is the book that has had the biggest impact on the most number of investors across the globe.
And moreover, it’s the book that started my career in investing.
Why I Love Rich Dad Poor Dad
When it comes to real estate investing, there’s no book that better outlines the why of real estate investing than Robert Kiyosaki’s, “Rich Dad, Poor Dad“.
In fact, on Amazon alone, this book alone has over 18,000 reviews, with an average rating of 4.5!
As described by the author:
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.
As always, readers can expect that Robert will be candid, insightful… and continue to rock more than a few boats in his retrospective.Rich Dad, Poor Dad
About The Real Estate Investing Club
The Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips in real estate. Join us as we delve into every aspect of real estate investing – from self-storage, to mobile home parks, to single family rentals, to real estate syndication!
If you’re a real estate investor and are looking for tips and motivation to grow your business, this is the show for you.
Topics you’ll learn more about throughout our episodes:
- Using the BRRR strategy to buy income properties
- Flipping houses the right way, building quality housing and taking home a large payday
- Using hard money and bridge loans for real estate investments
- How to bounce back from bankruptcy and build a thriving empire in the wake of failure
- How to use property management companies to help scale your real estate business
- The best online and offline tools out there to take your real estate investing business to the next level
- How to do out of state investing without risking your shirt in the process – Going from broke to 300+ deals in a month (really!)
- Investing in commercial real estate
- Stories about brand-new investors and the lesson’s they’re learning as they take on their very first flips and rentals
- How to use Google Ads and Facebook Ads to crush it in off market real estate marketing
- How to fill your pipeline with off market deals using direct mail, voiceless mail drops, and text blasting
Get Involved, Educated and Connected
LEARN — Want to learn the ins and outs of real estate investing? Check out our course at https://www.therealestateinvestingclub.com
READ — Want real estate book recommendations? Check out our list of the best books on real estate investing: https://gabepetersen.com/2020/06/14/best-books-on-real-estate-investing/
PARTNER — Want to partner on a deal or connect in person? Email the host Gabe Petersen at email@example.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/
CONNECT — Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264
GROW — Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.getclientsquick.com
WATCH — Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow
LISTEN — Want to listen to our Podcast? Go here: https://therealestateinvestingclub.buzzsprout.com/