It’s been almost thirty years since Robert T. Kiyosaki’s bestseller Rich Dad Poor Dad arrived in bookstores, changing a generation’s thoughts about personal finance. The book opened up the ideas and principles of real estate investing to the average person and, in the years since its publication, Rich Dad Poor Dad has remained popular.
While the principles of money and investing have not changed in the 26 years since the book’s publication, the real estate industry and the tools certainly have. Vacation rentals have become a huge trend, flipping is incredibly common, and long-distance real estate investing is easier than ever. New experts have come along to shake up the industry, and we’ve rounded up some of the best books on real estate investing they’ve written.
The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing by Brandon Turner
Bestselling author Brandon Turner is considered a pro in the real estate community, with his BiggerPockets podcast and other books garnering consistently high reviews. The Book on Rental Property Investing lays a solid foundation for new investors and successful real estate professionals looking to learn the basics. Turner covers many aspects of the real estate business, including buying, holding, managing, and selling properties, with actionable strategies you can implement. His high-level thoughts on success are relevant to every real estate investor.
The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy
If you’re interested in investing in commercial and multifamily properties, The ABCs of Real Estate Investing is for you. Author and podcaster Ken McElroy has extensive experience in real estate investing, including investment analysis, acquisitions, property management, and property development. He brings his expertise into this book, with chapters devoted to finding viable real estate markets, evaluating suitable properties, negotiating offers, increasing your real estate income, and maximizing your cash flow. This book will most benefit investors with experience looking for more in-depth strategies to grow their real estate business.
The Millionaire Real Estate Investor by Gary Keller
What makes The Millionaire Real Estate Investor an excellent read is that it’s based on research and real-world interviews with over a hundred real-life millionaire investors who built their fortunes through real estate deals. The book covers everything from common investing myths and how to create the right mindset to identifying profitable opportunities and building a team. The book offers inspiration and action and is a fantastic read for anyone looking to create financial freedom through real estate.
Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties by Avery Carl
If you’re looking to boost your cash flow with short-term rentals, Short-Term Rental, Long-Term Wealth is an excellent guide to get you started. Avery Carl, the CEO and founder of The Short Term Shop, is an expert on vacation rentals. In this book, Carl gives readers tips on identifying opportunities in the short-term rental market, financing a vacation rental property, negotiating deals, and managing the rental property from out-of-state.
The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits by Heather and Brandon Turner
Knowing how to manage a property effectively is at least as important as being able to spot an opportunity. Without the skill set to manage and keep a property profitable, it doesn’t matter how good a bargain you might have gotten at the outset. The Book on Managing Rental Properties by Heather and Brandon Turner teaches you that necessary skill set. The book includes low-cost strategies to attract the best tenants, seven types of tenants you should never rent to, provisions that your rental lease should consist of, and tips on keeping the stress out of bookkeeping and taxes.
The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
Flipping homes has long been considered an excellent strategy for real estate investors and is one way many early-stage real estate investors get their foot in the door. However, this transaction has many moving parts, including getting a mortgage, fixing the property, and making the sale. Flipper and author J. Scott lays out all the steps in The Book on Flipping Houses and will guide you through the process from beginning to end.
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
This is an excellent read for anyone looking to understand real estate taxes and how they can affect your profit. Authors Amanda Han and Matthew MacFarland talk through the taxes you need to keep in mind regarding real estate transactions and show you several ways of maximizing deductions, reducing bookkeeping, and protecting yourself from an IRS audit. The Book on Tax Strategies may not be a book you read in one sitting, but something you turn to repeatedly through the process or during tax time each year.
How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started by Joshua Dorkin and Brandon Turner
Another Turner classic, co-written with real estate investor Joshua Dorkin, How to Invest in Real Estate, breaks down the fundamentals of real estate investing for beginners with a comprehensive book that asks the questions you need to think about when getting started. For example, there are various real estate types, ranging from single-family homes to commercial properties to vacation rentals. Only some investors will purchase all kinds of properties, and the authors do an excellent job of laying out options and helping you see which one may be the best for you. As the title suggests, How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started is a book for beginners, so experienced investors who are further along their investing journey can give this one a miss.
The Multifamily Millionaire, Volume I by Brandon Turner and Brian Murray
Co-written with Brian Murray, an expert on multifamily real estate investing, The Multifamily Millionaire is another book by author and podcast host Brandon Turner. This one specifically turns its attention to multifamily real estate investing and details how this investment opportunity differs from single-family rentals, what it takes to make this kind of investment work, and how to spot a good deal.
Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David Greene
Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by real estate investor David Greene lays out the BRRRR strategy, which some investors use to finance properties. With this strategy, you buy a property under market value, rehab it, rent it out, refinance it to access more capital, and then use it to buy another property. This is a riskier strategy than most since it comes with a high level of risk, but if you have the appetite for it, this book will give you the step-by-step playbook to get started.
At Arrived, we simplify the process by selecting some of the best rentals available. You can use our platform to purchase shares in any of our rental properties and start taking advantage of both passive income and long-term appreciation.
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. The views reflected in the commentary are subject to change at any time without notice. View Arrived’s disclaimers.