Getting started with investing in real estate can be pretty tough. It’s tricky to know how to invest in the right property and in turn get a maximum return on your investment. Becoming successful in this field takes a huge drive and a wide range of knowledge. So to help you get started, we’ve picked our five favorite books for learning to be a successful real estate investor:
1. Building Wealth One House at a Time – John Schaub
This book reviews the main fundamentals of investing in real estate, like finding homes, financing, and then renting and selling them. In his book, Schaub says that buying smaller homes or one home at a time can make you equally as wealthy.
2. What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli
This book will teach you everything you need to know about the monetary aspects of real estate investing. It gives you the formulas and bigger concepts of what to do when it comes down to succeeding financially. It ranges from basic to a more in-depth analysis of the numbers involved with the investing process.
3. The Book on Flipping Houses – J Scott
Scott writes everything you need to know about flipping houses. He goes over financing a home and its flip, and well as what is and isn’t worth your money in terms of renovation. He also reviews the different markets for flipping and how to chose the right target market.
4. The Book on Estimating Rehab Costs – J Scott
This is another excellent book by J Scott for beginning real estate investors. Scott talks about the different ways of estimating the total amount it will cost you to renovate a home. He breaks the renovation down into twenty-five different components and goes into detail about each one.
5. Every Landlord’s Legal Guide – Marcia Stewart, Ralph Warner, & Janet Portman
These three authors review the multiple legal issues associated with being a landlord. The topics range from handling security deposits to subletting to evicting disruptive tenants. It’s the general basis of all information needed to be a proper landlord.
Together, these five books cover all of the information to take you from just beginning in real estate to becoming a skilled real estate investor. It may be difficult to get started, but once you acquire important knowledge from experts in this field you’ll be well on your way down the road to success.