5 Great Books for New Real Estate Investors
As a new real estate investor – possibly one who’s looking at hard money loans as an option – you’re probably searching through all the resources you can find to help launch your business. Check out these five great books for new real estate investors that you may find useful.
- The Millionaire Real Estate Investor by Gary Keller
- The Automatic Millionaire by David Bach
- Your Money or Your Life by Vicki Robin and Joe Dominguez
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Work Week by Tim Ferriss
Here’s a closer look at each.
Book #1 for New Real Estate Investors: The Millionaire Real Estate Investor by Gary Keller
With more than 500 pages of in-depth information, The Millionaire Real Estate Investor is a comprehensive guide for anyone looking to get started – or already well underway – in the world of real estate investing.
Keller, founding chairman and CEO of Keller Williams Realty, Inc., covers everything from building an investment team to finding the best properties, negotiating the best deals, and financing and holding investments.
Book #2 for New Real Estate Investors: The Automatic Millionaire by David Bach
If you’re looking for a more hands-off approach to real estate investing, The Automatic Millionaire by David Bach may be more your speed.
In his book, Bach lays out a plan for building wealth through real estate investing that requires very little effort or ongoing work on your part.
He advocates investing in income-producing properties and then using the money generated from those investments to pay down debt and build up savings.
Book #3 for New Real Estate Investors: Your Money or Your Life by Vicki Robin and Joe Dominguez
Your Money or Your Life takes a slightly different approach than the previous two books. This book is less about real estate investing specifically and more about finances and lifestyle in general.
The authors advocate making major changes to your spending and saving habits in order to achieve financial independence. Only once you’ve reached that point, they say, should you consider investing in real estate – or anything else.
Book #4 for New Real Estate Investors: Rich Dad Poor Dad by Robert Kiyosaki
In Rich Dad Poor Dad, Kiyosaki tells the story of his two “fathers” – his biological father, whom he calls his “poor dad,” and the father of his best friend, whom he nicknames his “rich dad.”
The book is less about real estate investing than it is about mindset and approach to money. However, it does contain some valuable insights for anyone looking to build wealth through real estate investing.
Book #5 for New Real Estate Investors: The 4-Hour Work Week by Tim Ferriss
Ferriss’s book is less about real estate investing than the others on this list. However, it does contain some useful information for anyone looking to build a business – including a real estate investing business.
In The 4-Hour Work Week, Ferriss advocates building a business that can run without your constant supervision. He provides detailed instructions on how to outsource and automate various tasks and processes so that you can focus your time and energy on the things that matter most.
Though there are many great books out there for new real estate investors, these five are a great place to start. Each one will give you a different perspective on how to approach real estate investing, and all of them contain valuable information.
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