8 Best Real Estate Books for Beginners

There is no gainsaying that real estate is one of the most lucrative businesses that you can venture into.

It is a great way to earn passive income while doing other businesses. That's why many people tend to continually go into the world of real estate to enable them to make profitable investments.

Even though real estate is a rewarding business venture, anyone who plans to invest in real estate must be well-prepared to thoroughly get educated or enlightened about the market before starting. This knowledge will prevent you from running at a loss or failing in the business.

As a newbie who is planning to invest in any of the various types of real estate investments like fix and flip, rentals, raw land, online investment, or real estate investment trusts (REITs), you must endeavor to know the pros and cons of such investment before getting started.

Some of the best ways to learn about real estate can be through one-on-one mentorship with a real estate expert, learning it in school and being certified as a real estate professional, or reading great books on real estate.

If you choose to go for the latter option of reading real estate books as a beginner, it's a great choice. However, there are thousands of books on real estate that you will have to choose from, making the process of finding the best books as a newbie pretty arduous. That's why this article is a must-read for you.

Here, we have helped you with the research and selected some of the best books that beginners in real estate can easily read, enjoy and comprehend.

These books will equally serve as blueprints that will help you to effortlessly navigate the real estate market while improving your financial literacy at the same time.

But before we begin, we shall be sharing with you the importance of reading real estate books as a beginner.

 

Why It Is Important To Read Real Estate Books before Investing In Real Estate

• They help clarify real estate concepts and terms/jargon to equip you with the right knowledge about real estate
• Real estate books help to educate you by giving you a comprehensive understanding of the industry
• They help to introduce you to the basic techniques that are needed for real estate investment
• You can get practical and experiential guides from professionals and gurus who have achieved a lot and made a significant impact in the real estate business when you read their books
• Reading books on real estate as a beginner helps prepare you for the business adequately and makes you successful at it once you can duly implement what you've learned after reading

 

The Best and Most Detailed Real Estate Books for Beginners

1. How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started by Brandon Turner & Joshua Dorkin

Brandon Turner is one of the most successful real estate investors in today's world. He has written several great and beneficial books on real estate over the years. This particular book serves as a detailed guide for anyone who plans to invest in real estate.

The book discusses the different means that you can adopt when investing in real estate and the strategies you can employ to the various means you've adopted to have a profitable result or outcome.

You will be able to read inspirational real-life stories from real estate investors and learn from their wealth of experience. You also will learn a great deal from their mistakes while giving you a great foundation to start.

The book will also expose you to the best real estate investments you can make, especially when you are still working a full-time job.

 

2. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits, Most Investors Miss by Ken McElroy

This is another introductory book to real estate for beginners. It is a book that can guide you on how to evaluate and manage properties, negotiate deals, and increase the value of a property to generate the best ROI.

It will teach you the basics of real estate and how to generate wealth to have a steady cash flow in real estate.

 

3. The Book on Investing in Real Estate with No (And Low) Money: Real Life Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner

Here is another masterpiece from Brandon about real estate! In this book, Brandon was able to clear the misconception that you must have a lot of money to invest in real estate successfully. He shed light on how you can go about investing in real estate when you have little or no money to do so.

Brandon also vividly illustrated various financing strategies that you can adopt as a newbie to invest in real estate and become successful at it.

 

4. What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

If you are looking for the best personal finance book of all time that has real estate as its focal point, then this book is a must-read for you! With millions of copies sold worldwide and translated into many languages, the Rich Dad, Poor Dad series has become an all-time finance classic, especially for beginners in real estate.

It is a book that will effectively teach you how to make passive income, identify your assets and liabilities, and properly invest in real estate to help you generate massive revenue in the long run.

Robert gave some valuable lessons he learned about investing and money while growing up with his father (Poor Dad) and his best friend's father (Rich Dad). He also taught readers the difference between working hard and working smart and how to make money work for you effectively.

This book can greatly help increase your financial literacy and give you a good advantage when you decide to go into real estate.

The other two financial literacy books from Robert in the Rich Dad series are; "Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom" and "Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle-Class Do Not." Reading this trio by Robert will go a long way in helping you manage your finances adequately to create more wealth as you invest in real estate.

 

5. The Millionaire Real Estate Investor by Gary Keller

If you need a detailed book that can help you start real estate with a millionaire mindset, this book is for you.

Before writing this book, the author interviewed 100 successful real estate investors to enable him to understand their mindset. The result led to the writing of this book, where he destroyed the various myths that create setbacks for beginners who wish to invest in real estate.

 

6. The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing by Brandon Turner

If rental properties are your major area of concern for real estate investing, you should endeavor to read this great book by Brandon.

This book will teach you the various strategies you can adopt to have a massive cash flow and become highly successful as an investor in rental properties.

The various tax strategies, how to finance rental properties, and get good deals, among other topics, are some of the things you'll learn from this book as a beginner.

As he's used to doing in his books, Brandon Turner was able to share the mistakes that some real estate investors make to help prevent you from making the same mistake.

 

7. Real Estate Investing Gone Bad: 21 True Stories of What NOT to Do When Investing in Real Estate and Flipping Houses” by Phil Pustrejovsky

Real estate investment is not far from going bad when it's wrongly done. Therefore, if you wish to have experiential information about the negative sides of real estate, you should consider reading this book.

Apart from the rewards you can get from real estate investment, there are also great risks and failures that you might encounter in the process. These, and more, have been adequately discussed in this book through the real-life stories of other real estate investors.

So, as a beginner, you can learn from these stories and not repeat the mistakes those investors made.

 

8. The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott

For those interested in investing in house flipping in real estate, this is a great book to start with.

As an expert in house flipping, J. Scott has written this book to guide beginners who wish to invest in real estate, especially house flipping. It is a comprehensive book that gives you a step-by-step guide on making the right investment when it comes to flipping houses in real estate.

 

Readers Are Leaders

The popular aphorism that says, "Readers are Leaders," cannot be overemphasized. That is why some of the world’s most successful people are known to be avid readers. When you can read good books on whatever business or area of knowledge you have a keen interest in, it goes a long way in benefiting you greatly.

Therefore, as a newbie looking to make a rewarding career in real estate, the aforementioned books are some of the best books on real estate for every beginner.