Whether you are just getting started as a real estate investor or a true professional trying to expand your portfolio, education is very important in developing knowledge and knowing what approach is best. You have to keep in mind that the secret to a good investment firm is not only the strategy but also the operations, systems, and procedures.
Below are the top 15 best books for rental property investors for 2022.
- The Book on Rental Property Investing
- The Millionaire Real Estate Investor
- The ABCs of Real Estate Investing
- The Book on Flipping Houses
- The Book on Tax Strategies for the Savvy Real Estate Investor
- Investing in Real Estate Properties for Beginners
- Financial Freedom with Real Estate Investing
- Long-Distance Real Estate Investing
- The Book on Tax Strategies
- Mastering the Art of Commercial Real Estate Investing
- Real Estate Investing QuickStart Guide
- The Intelligent REIT Investor
- Buy, Rehab, Rent, Refinance, Repeat
- Buy It, Rent It, Profit!
How to Find, Buy, and Rent Houses for Wealth
1. The Book on Rental Property Investing
A real estate investor named Brandon Turner has written this book to be a comprehensive and all-encompassing introduction to large-scale real estate investing. It is more about assisting new investors in getting started and experienced investors in growing their businesses to generate more money and become richer or millionaire investors in real estate. This book is more practical-oriented than theoretical, with actual examples and an emphasis on effective techniques. It is indeed appropriate for passive and active investors, and it offers financial advice on everything from project purchases to rehab to tax tactics. The book costs around $10.
2. The Millionaire Real Estate Investor
Gary Keller is the author of this book, and this also proves that he has a knack for creating foundational books that offer in-depth techniques and insights into numerous parts of the real estate market. His investor guide is a classic that teaches you how to evaluate projects, negotiate successfully, establish your team, and grow your investment firm by utilizing people and procedures. Starting from the first deal, then onto the expansion of an established firm, This book provides a blend of both practical and theoretical counsel for every point of the timeline of an investor. You will discover the everyday knowledge that you need at every stage of your journey as an investor, with different insights and advice from over 100 wealthy investors.
3. The ABCs of Real Estate Investing
This book is recommended by Domenick Tiziano, the founder of Accidental Rental. According to him, this book gave him the inspiration and knowledge on how to turn his cash into a cash flow positive investment. Ken Mcelroy, the author, goes one step further by demonstrating how property management software may help you enhance your passive income.
4. The Book on Flipping Houses
Numerous existing or potential real estate investors are interested in flipping houses, but this undertaking takes far more upfront information than most think. J Scott, the author, a professional real estate investor, explains how to master the art of home flipping. Scott goes over every possible issue and cost that investors may expect when flipping houses and tips on spotting red flags before agreeing to a property. His book cost $17.
5. The Book on Tax Strategies for the Savvy Real Estate Investor
The author, Amanda Han and Matthew MacFarland provide first-hand knowledge and different advice on how real estate and investment taxes operate, laying the groundwork you will be needing to get started. This tax guideline for 2020 is aimed at new real estate investors, but it can also be useful for intermediate investors. Han and MacFarland use real-life examples in order to clarify complicated tax rules, making it simple for readers with no prior knowledge of real estate, investment, or finance to comprehend tax regulations and make financially sound decisions. The book costs $16.
6. Investing in Real Estate Properties for Beginners
Michael Ezeanaka is the author of the book 10 different ways to make money with real estate, with a complete step-by-step analysis of the business designs or models which have the capacity to yield passive income. Each is examined for scalability, liquidity, possible return on investment, simplicity, and passivity. There are a lot of topics covered that are really a must-read for beginners!
7. Financial Freedom with Real Estate Investing
The book Financial Freedom with Real Estate Investing explains how to grow your real estate portfolio. Michael Blank, the author, an investor in real estate, demonstrates how to take the appropriate steps to generate a rich income from real estate. This book was written for novice investors, property managers, and passive investors in the year 2018. Michael Blank is a professional real estate investor who specializes in apartment buildings. His book costs $15.
8. Long-Distance Real Estate Investing
A purchase and hold approach does not work for most investors in real estate in their market locally. This book which was written by David Greene teaches you how to handle risk and ensure supervision while making investments in profitable and favorable markets wherever they are. Greene shares his experience in the real world when it comes to purchasing, maintaining, and selling properties, typically without ever seeing them in person. He shares advice on how to establish your management team, find great markets and buildings, and keep rehab and remodeling expenditures under control.
9. The Book on Tax Strategies
This is all about lowering, eliminating, or delaying taxes. Once you grasp the fundamentals of tax reduction, you can start lowering your taxes right away, to the point wherein you would be able to legally remove and contactless and dramatically cut your overall taxes. And he mentions it in this book.
10. Mastering the Art of Commercial Real Estate Investing
This book is a thorough reference to the tried-and-true concepts and common-sense procedures for effective investing in real estate profitably. Doug Marshall has dabbled in many aspects of commercial property. He passes on his experience to educate readers about how commercial property investments may supplement or even replace their current income. Mastering the Art of Commercial Real Estates is for those people who are beginners when it comes to investing, as well as those who may want some assistance in mastering the time-proven concepts of investment.
11. Real Estate Investing QuickStart Guide
Symon He’s latest real estate investment handbook covers all facets of the market, from property research to commercial property investing subtleties. He takes the readers through all the basics of choosing the correct properties, handling day-to-day operations both as a passive investor and a landlord, and the obligations of both passive and active investment. He takes a holistic approach to understand the world of real estate investment, explaining hard subjects to newbies while also providing insights to even the most seasoned investors.
12. The Intelligent REIT Investor
This book is the ultimate reference to (REIT) real estate investment trusts, offering a clear, straightforward resource for investors, analysts and financial planners, or anyone who values dividends and risk management as important components of wealth creation. The book talks about vocabulary, measurements, and other crucial issues, while examples demonstrate how to calculate opportunities. There is a list of publicly-traded REITs that serves as a valuable resource, providing you with access to a resource that most stockholders and investors lack.
13. Buy, Rehab, Rent, Refinance, Repeat
An investor in real estate, David Greene created the BRRRR strategy, which stands for “Buy, Rehab, Rent, Refinance, Repeat.” From handling single-family houses to managing over a hundred unit apartment buildings, this 2019 book outlines every stage of his approach, including how to establish or grow your real estate business. This in-depth reference on house flipping also includes a glossary of vocabulary, techniques, and case studies. This book costs around $17 to $38.
14. Buy It, Rent It, Profit!
This is Bryan Chavis’ 2017 book which teaches how to make money while managing rentals. This guide not only explains how to build yourself up to succeed but also includes a formula and recommendations to assist you in making the best purchasing selections possible. Chavis discusses how to sell your rental properties, manage them and their renters, and expand your portfolio. Chavis imparts the knowledge he has gained over the years. This thorough handbook includes letters of intent (LOIs), sample contracts and other legal papers, and extensive information on all aspects of being a landlord. This book costs around $16.
15. How to Find, Buy, and Rent Houses for Wealth
Understanding and being knowledgeable on how to read the market, comprehend property values, and measure risk is by far the most crucial parts of investing in real estate, whether passive or active. This book, written by six investing experts, could help you better grasp what to seek in a home to reduce risk. This book will walk you through every step of the purchase process, from choosing the suitable properties to calculating expenses and expected returns to purchase properties and keeping them for long-term profit. The cost of this book ranges from around $21 to $26.
What is the Best Book for Rental Property for Beginners?
The Richest Man in Babylon. This book is based on Babylonian parables and is also acclaimed as the greatest inspirational writing mostly on the subject of financial planning, as well as personal wealth. These captivating and enlightening stories in the book will surely place you on a certain path to prosperity and also the joy that comes with it. It frequently provides insight as well as a solution to most individuals’ personal financial difficulties, whether they are aware of it or not. It not only identifies your problems, but also reveals the keys to getting money, maintaining money, and creating money, allowing you to make more money.
What are the other ways to learn about rental property investment?
Rental property investment refers to real estate held for the purpose of earning capital appreciation and/or rental income or additional income. It produces cash flows mainly independent of other assets of the entity. Aside from reading books, researching is the other best way to learn more about rental property investment.
Is property leasing a profitable business to enter?
In both the real estate or property investment and service industries, rental property management is now one of the most intriguing prospects. It certainly is profitable, too. Monthly rental rates are continuing to rise while vacancy rates are falling. Property management may provide ambitious entrepreneurs with a steady income and practically limitless opportunities. However, you will need the correct tools, knowledge, and expertise to optimize the earning potential of your business. Moreover, you might also need a thorough grasp of how it works and generates money and the tactics that successful business owners employ to boost their annual profits.