Like any other business, investing in real estate is about taking risks. Big risks. That’s why it’s important to become as informed as you can on the subject before you take the plunge and buy.
Fortunately, there are a lot of books out there which purport to help investors make significant decisions. Here are six of the best.
Landlording on AutoPilot: Mike Butler
The premise behind Butler’s book is that being a landlord should be easy. You should be able to sit back, relax, and let the money flow in. Of course, in the real world, this doesn’t happen. Something like half of all tenants fail to pay the rent on time.
This book is about moving towards a place where you can say that your landlording is on autopilot. It’s designed to relieve many concerns that would-be landlords have about getting into the real estate market. And it charts how some common problems can be dealt with quickly and efficiently .
The Unofficial Guide To Real Estate Investing: Spencer Strauss
Strauss wrote this book with one thing in mind: to write the Bible on Real Estate investing. And, largely he has achieved this. From buying your first house to your first foray into wholesale real estate, this book has it all.
The real strength of the book is not so much in its wealth of technical knowledge. It’s in all the helpful little tidbits that most other authors would have forgotten about.
Rich Dad Poor Dad: Robert Kiyosaki
Kiyosaki is a philosophical chap. He recognises that what we’re essentially trying to do when we invest in property is earn money with money. If our money can work for us, we don’t have to sell our time and we’re free to do the things that we want to do.
This is at the root of what Rich Dad Poor Dad is all about. Of course, the book is not just about real estate. It’s about all the ways that you can get money without giving up vast amounts of your time.
The Book On Investing in Real Estate with No (and Low) Money Down: Brandon Tyler
Tyler wrote this book because he was annoyed with how many books promised readers that making it in the property business is easy. Tyler’s approach is different. Rather than arguing that there is one simple trick to success, he recognises that there are lots of strategies people need to take.
The book has since gone on to be one of the most popular real estate books on Amazon.
Rich Dad’s ABC’s of Real Estate Investing: Ken McElroy
Many readers want to gain a “big picture” of the real estate market before drilling down into the detail. And that’s essentially who this book is for.
If you’re interested, you can also look at his other book, Rich Dad’s Advanced Guide to Real Estate Investing. Again, we’re back on the “Rich Dad” meme. But this book is designed to help you find hidden profit opportunities that aren’t often obvious. Therefore, it’s worth checking out.