Are you a real estate investor? Are you planning to invest in 2021? The real estate sector is an evolving industry. It has proven over the years to be one to generate passive income, build wealth, and help in portfolio diversification. However, quite a number of budding investors do not know to understand the rudiments of investing and oftentimes fail at it.
It is advisable to learn the ins and outs of real estate in order to avoid making mistakes. As one looking to invest or an already existing investor, you need adequate real estate education in order to help you grow and direct you along the way. Most highly successful people read a lot of books. They understand that one has the answers to everything and the best way to broaden their mind is to keep learning.
There are thousands of books on real estate in the market, what are the best real estate books for beginners? There is a list of books that a beginner can choose from and some are too advanced for beginners, Below are five books recommended for beginners in the real estate industry.
1. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki: This book is very popular and is one of the most popular financial and general investing books for beginners, including first-time real estate investors. The amazing this about this book is that it explicates and reinforces the importance of financial literacy and how to build and grow wealth by buying tangible assets and not liabilities. This includes real estate and small businesses.
2. The Millionaire Real Estate Investor by Gary Keller: The Millionaire Real Estate Investor is one of the best books on real estate investing and very useful for beginners. In this book, the author’s main aim is to impact the readers with the wisdom collected from over a hundred million investors. He emphasizes patience and perseverance, by reading this book you will also learn the myths that hold people back, how to identify the best investment opportunities, achieve the best deals, and develop the best team.
3. The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing by Brandon Turner: As a beginner investor and you choose to go into rental property investment then this book is for. The author enumerates the strategies that investors can use to build significant cash flow and become a millionaire rental property investor. By deciding to read this book, you would learn the mistakes that most real estate investors make so you do not end up making the same mistakes.
4. The Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate Investing by Than Merrill: One of the best real estate investment strategies or those who don’t have access to capital or simply don’t want to deal with tenants is wholesaling real estate. It is easy to deal with and has few risks attached. This book teaches you all you need to profit and succeed from the investment strategy.
5. Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle by J Scott: The pandemic has a huge impact on the world’s economy and a lot of investors are plagued with the thought of a recession. This is one of the best real estate books to help you survive and even thrive in times of economic turmoil. Should the economic downturn continue, the strategies in this book will help you keep calm amidst all the chaos
The list of books to read is endless but the few listed above are a good place to start for any investor looking to start in 2021. Use this list to learn real estate investing before you dive into the industry.
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