The Real Estate industry is highly competitive and, at times, very stressful.
If you’re a realtor looking to start a business, or someone looking to invest, it is so important that you dot your i’s and cross your t’s.
This list of the best books for starting a real estate business should give you enough information to make some informed decisions.
Just a reminder, don’t take the property advice as gospel, especially in a legal sense. It is always best to check the laws in your area.
Surprisingly, “but the book I bought off Amazon said….” doesn’t hold up in court.
The Best Books On Starting A Real Estate Business
The following are our favorite books for those looking to get into the Real Estate business.
Making It in Real Estate: Starting Out as a Developer
- McNellis, John (Author)
- English (Publication Language)
- 100 Pages – 11/01/2016 (Publication Date) – Urban Land Institute (Publisher)
John McNellis is the founder of Mc Nellis Partners, a real estate firm based in the San Francisco Bay Area. He’s worked in this industry for the past three decades. It is the experience and knowledge he’s gained over the years that he shares in this book.
What I love most about this text is that it’s enlightening but also fun. The author incorporates witty anecdotes and tons of advice on how you can make the most of opportunities that arise in the real estate market. He also provides tips to help you avoid common mistakes.
The Millionaire Real Estate Investor
- Audible Audiobook
- Gary Keller (Author) – Cliff Haby (Narrator)
- English (Publication Language)
- 11/06/2007 (Publication Date) – Rellek Publishing Partners, Ltd. (Publisher)
This Millionaire Real Estate Investor teaches you everything you need to know about the models used by millionaire real estate investors.
Gary Keller, the author, has done intensive research and identified the core strategies you can employ to also succeed in this sector. In particular, he highlights five business models namely:
- The net worth model – this section emphasizes the importance of setting, prioritizing and monitoring goals to raise your net worth.
- The financial model – this part examines the two main techniques of creating wealth in real estate: equity buildup and cash flow growth.
- The network model – this chapter looks at the power of networking, specifically, utilizing the time, talent and skills of those around you.
- The lead generation model – here, the author shares a couple of strategies to help you generate leads for your real estate deals.
- The acquisition model – this chapter guides you on how to invest in the right properties; whether you intend to flip or rent it out.
For the best results, Gary recommends gaining a good understanding of all five principles and using them cohesively.
The Book on Investing in Real Estate with No (and Low) Money Down
- Audible Audiobook
- Brandon Turner (Author) – Brandon Turner (Narrator)
- English (Publication Language)
- 11/06/2014 (Publication Date) – BiggerPockets Publishing, LLC (Publisher)
Have you always dreamt of becoming a real estate investor but just don’t have the capital to do it? Brandon Turner from the crazy-popular Bigger Pockets site is here to help.
In his book, he explains how you can venture into this industry without breaking the bank. Brandon provides real-life strategies that you can use creatively to make it in real estate. Some of the concepts covered in this text are:
- How to invest with little to zero money
- Strategies to help you get the most out of your investment
- How to attract lenders, partners
- How to deal with the challenges you encounter along the way
What Every Real Estate Investor Needs to Know About Cash Flow
- Gallinelli, Frank (Author)
- English (Publication Language)
- 368 Pages – 11/18/2015 (Publication Date) – McGraw Hill (Publisher)
In the midst of an ever-changing economy, real estate has become one of the best means for growing one’s personal wealth. However, Frank Gallinelli believes that to succeed in this venture, you should have a good grasp of the financial concepts and calculations involved.
As such, the meat of this book entails the key concepts and terminology used in this sector. This makes it suitable for beginners who might be intimidated or unfamiliar with the real estate lingo.
The first few chapters are a brief summary of the basic concepts. But the remaining chapters each provide a mathematical computation revolving around the evaluation of cash flows and other metrics relevant to real estate investing.
Some of the topics covered are:
- How to collect data essential for making investment decisions
- Determining the truth behind what sellers claim
- The time value of money
Your First 365 Days in Real Estate
- Audible Audiobook
- Shelley Zavitz (Author) – Natalie Stanfield (Narrator)
- English (Publication Language)
- 06/13/2019 (Publication Date) – Shelley Zavitz Realty (Publisher)
What you do in your first year as a real estate agent will have a profound effect on your business. Essentially, it will determine whether you succeed or fail. Shelley Zavitz advice to new entrepreneurs is not to be content just because you have a license.
In Your First 365 Days, she urges you to work even harder to get everything right so as to lay a good foundation for your career. Shelley provides a hands-on guide, explaining some of the systems you can implement to steer your business in the right direction.
She also shares her personal struggles on becoming a real estate agent, specifically, how she used a four-person crew to grow a brand that is now well known.
How to Create a Passive Income with Rental Real Estate Investment
- Property, Robert (Author)
- English (Publication Language)
- 115 Pages – 05/18/2019 (Publication Date) – Independently published (Publisher)
If you’re looking to invest specifically in rental real estate, this book written by Robert Property and Brandon Keller is a great investment. The strategies outlined in this text will help you create a steady source of passive income from renting out residential properties.
More importantly, you’ll understand how the real estate market works, and how you can use the changes that arise to your advantage. You’ll also see why investing in rental real estate is more beneficial than investing in other ventures like bonds.
A few of the concepts covered in this book are:
- The best techniques of the real estate rental business
- The 3 most common programs for mapping the rental estate search area
- 7 aspects to consider when choosing what property to rent
Real Estate Investing For Dummies
- Eric Tyson (Author)
- English (Publication Language)
- 416 Pages – 02/23/2015 (Publication Date) – John Wiley & Sons (Publisher)
Whether you’re planning to invest in single-family homes, commercial properties, condos or REITs (real estate investment trusts), this book can help. It combines the best advice from prominent authors: Eric Tyson- MBA and financial counselor and Robert S. Griswold- an expert real estate investor.
This book is meant to help you identify and purchase the best properties at reasonable pricing. It will also train you how to make the most of opportunities like no money down deals, tax sales, auctions, foreclosures among others.
Final Thoughts
This list includes some of the best books on starting a Real Estate business. Let me know if there’s any that you’d recommend adding to the list.
