Real estate investing has long been a popular way for people to make extra money. Whether you are looking to quickly flip a home or create secondary income with a rental, it is fairly easy to make a lucrative return on your investments in real estate. It just takes the right planning and preparation. There is no better place to learn the necessary skills to succeed than from the experts in the field. These are the four books every new real estate investor should read.
Rich Dad Poor Dad
There is no financial strategy book more influential than Robert Kiyosaki’s “Rich Dad Poor Dad.” The book offers a wide look at how the rich handle their finances compared to the middle class. Kiyosaki offers several tips on how to best invest money and build your wealth. One of most lucrative investment areas outlined in the book is real estate. It may not be as in-depth as books focusing exclusively on real estate, but there are still plenty of lessons to learn.
The Millionaire Real Estate Investor
Gary Keller owns one of the largest real estate firms in the world, and he provides his expert takes on the industry in “The Millionaire Real Estate Investor.” He provides a detailed look at how he turned a small business into a massive corporation. Keller also interviews other millionaire investors to reveal their secrets to success in real estate.
The Beginners Guide to Real Estate Investing
If you are looking to purchase an investment property for the first time, then you need to read “The Beginners Guide to Real Estate Investing” before finalizing your purchase. This book focuses exclusively on helping newcomers become a success. You will learn the major pitfalls that most new investors make early in their careers. Avoiding these mistakes can potentially save you a lot of money and time.
The Book on Estimating Rehab Costs
Flipping houses has boomed in popularity in recent years thanks to the many television shows focusing on the topic. The hardest part of flipping houses is determining your rehab costs before buying a property. This book will teach you the skills to accurately estimate rehab costs on every property. Accurately estimating these costs is the difference between making money and going broke.