Investing in real estate is one of the most popular investments to make for a number of reasons. Compared to other types of investments, purchasing property is one of the safest ways to invest your money. Real estate investments also provide investors with a steady flow of income over time. If you are an entrepreneur who wants to start investing in property but you don’t have any real estate experience, the below books will help you get started. Even if you are an experienced investor, you will likely find some useful information in one of the following books.
The Book on Investing In Real Estate with No (and Low) Money Down by Brandon Turner
One of the biggest obstacles to getting started with investing in real estate is the large amount of money that’s required to purchase a property. While many investors take on debt in order to fund their purchase, this strategy still requires an initial down payment. Plus, monthly payments can be expensive to manage if you can’t find tenants. Brandon Turner’s book presents some ideas on how you can get started investing without necessarily breaking the bank. One of the most popular strategies that doesn’t require a lot of funds is partnering with others. In his book, Turner covers this strategy and many others.
The Book on Managing Rental Properties by Brandon and Heather Turner
This book was also written by Brandon Turner (along with his wife Heather). The title is pretty self-explanatory. Once you have a rental property you have to actually take care of it—which, in some cases, can be very difficult for first-time investors. The Turners dish out advice on a wide variety of topics related to managing a renting property. By reading this book you’ll learn tips on finding renters for your property, writing a lease, and managing the money that you actually make from the property. It goes without saying, but it’s a good idea to read this book before you purchase a property. Then when you do purchase your first property you’ll be ready to go right away.
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
Managing your cash properly is one of the most difficult aspects of owning and operating an investment property. When investing your money it’s important to not let emotional investing cloud your decision-making process. It’s especially important to keep this in mind when purchasing a property. It’s easy to become distracted with how beautiful a property is and ignore the fact that it’s a bad deal. This book will teach you skills that will help ensure you avoid emotional investing. After reading it you will be better at examining potential deals as well as predicting how much money a particular property will generate over time.