It should come as no surprise to anyone who knows me (or reads this blog) that I love real estate. During my fourth year of practice, I finally became comfortable with medicine, and my brain needed something else to focus on. I decided to learn about real estate investing by listening to the Bigger Pockets Podcast. As any type A personality would, I became obsessed with learning everything there was to know about my new passion. I joined a mentorship program, read multiple books each month, listened to numerous podcast streams, and immersed myself in this new and intriguing world. Now, two years into my investing journey, I wanted to share the top 10 books I recommend to newbies. These books will start to frame your perspective on what it means to be a real estate investor. Linked at the end of each book will be an amazon link to purchase these books. If you purchase a book using the link on the page, we make a small percentage of the purchase as an affiliate of Amazon, at no cost to you.   

1. “Rich Dad Poor Dad” by Robert T. Kiyosaki

My first selection is a personal favorite, and I have to admit I have a bit of an emotional bond with it. This book is what finally sparked my husband’s interest after my years of friendly nagging about the benefits of real estate investing. Kiyosaki writes this story contrasting two different experiences, one of the poor dad (his biological dad) and one of the rich dad (his childhood best friend’s dad).

Packed with general finance tips, strategies, and mindset-shifting tactics, you will find that although they are not all specific to real estate, they set the stage for a mindset transformation. I wish there were more of a zoom-in on the topic, but it generally discusses real estate as a mechanism for building long-term wealth. Although written from an antiquated, man-of-the-house perspective, the principles are helpful for anyone needing a mindset shift to begin an investing journey.  Check it out here.

rich dad poor dad financial advice

2. “The Real Estate Wholesaling Bible” by Than Merrill

Once my husband and I decided to start a wholesaling business, this was one of the first books I read. The world of wholesaling was foreign to me, and wrapping my head around it was like entering a new universe. Merrill, the NFL player turned TV home-flipping star turned real estate guru, shook up everything I thought I knew about real estate. Consider this a guide if you are thinking about venturing into wholesaling and need a solid intro to this niche. This book teaches you how to find deals, negotiate contracts, and build a successful wholesale business. I still use several tactics for marketing and finding buyers that I picked up from this book. Check it out here.

wholesaling real estate

3. “Profit First” by Mike Michalowicz

Shortly after we decided to start real estate investing, we joined a mentorship program to learn more about strategies and concepts we wanted to use. The program had a beginner-type course, and this was one of the first books recommended by the organizer. The core argument hit home: you’ve got to plan your money’s journey before it starts rolling in, or you’ll be stuck in a perpetual loop of chasing without catching. I took that to heart and have used it in my business since then.
The book’s strategy is not specific to real estate but more of a general financial management plan for all business owners. The author recommends that a predetermined percentage of your income be allotted for profit, taxes, and operational expenses to keep your business healthy and sustainable. The text is easy, with simple tables and charts to follow, and it has practical tips to implement in your business immediately. Check it out here.

Profit First

4. “The Millionaire Real Estate Investor” by Gary Keller

I stumbled on this book last year while focusing on my mindset shift from a newbie investor to a more experienced investor. It’s normal to struggle with imposter syndrome at one point, right? This book is written more for a seasoned investor, in my opinion, but packs principles practical enough to establish a strong foundation even for beginners. In this book, Keller uses research and interviews with successful investors to develop principles and practices that set aside millionaire investors from the rest. If you want to build sustainable wealth in real estate, I think this book will have some practical tips you will walk away with. Check it out here.

Millionaire Real Estate Investor

5. “Building Wealth One House at a Time” by John W. Schaub

I recently revisited this book as I recalibrated my investment goals toward accumulated assets. Schaub is a seasoned investor and uses a strategy to select and acquire long-term residential rental properties for his portfolio. This book will help you learn to evaluate markets you might be considering, how to emphasize cash flow, and how to find effective property management for the properties you are buying. This method of investing is not a get-rich-quick scheme, but the principles here are sound if you are looking into acquiring rental properties to accumulate wealth over time. Check it out here.

Building Wealth

6. “The Four Hour Work Week” by Timothy Ferriss

After reading “Die with Zero” from Dr. Slater’s Top 10 Non-Fiction Books I Want to Read in 2024 list, this book was recommended on audible for me to listen to. I finished it last week, and I would recommend it if your motivation for entrepreneurship and investing is time freedom. The big takeaways from this book are to use the idea of automation and outsourcing tasks to be more efficient and eventually start to create the schedule you desire. The book dives into the art of streamlining your business, cultivating passive income streams, allowing yourself to work remotely, and debunking the idea of waiting until the golden years for a taste of retirement. Ferriss’ message resonated with me, as my entrepreneurial “why” is to spend more time with my kids. Check it out here.

4 hour work week

7. “How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started” by Josh Dorkin and Brandon Turner

This book was one I read very early on in my investing adventure. It is also one of the first books that will pop up if you search books for beginners in real estate investing. The authors of this book are the hosts of the Bigger Pocket’s Podcast and have written many books covering various topics about real estate investing. This specific book is more of a general guide to different methods of real estate investing.

It dissects their pros and cons and helps you narrow down what you want and how to achieve it. I appreciated that this book discusses some challenges you might need to overcome in the beginning stages of your investing journey, such as balancing a full-time job or getting your spouse on board. I think one of the biggest strengths of this book lies in its ability to spark your interest in different real estate investing strategies and methods. Check it out here.

how to invest in real estate

8. “The 10X Rule: The Only Difference Between Success and Failure” by Grant Cardone

This book caught my attention on a friend’s recommendation, who told me about the mind-shift change it sparked in them. To be honest, I don’t think you have to read this book to understand what it is about and even use some of its ideas and concepts. This book is purely motivational and encourages you to plan to achieve the level of success you want. The crux? Set goals that are 10x beyond what most think is reasonable.

He argues that if you have 10x goals and match that with the intensity to reach those goals, you will elevate your achievements and success. Grant Cardone is a real estate guy, and a lot of his stuff now tends to be too salesy for me to enjoy or buy into, but I bought into this strategy and used some ideas and concepts when evaluating my business goals. Check it out here.

9. “The Book on Investing in Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People’s Money” by Brandon Turner

A part of the mentorship that I mentioned earlier was about creative finance. Sometime in my first year of investing, I came across this book and spent some time reading it. Another Bigger Pockets offering, the title is intriguing; using other people’s money sounds nice. While this book is not filled with step-by-step instructions for guaranteed success, it does hold valuable concepts about creative finance.

It might be worth a quick read if you have never explored strategies involving partnerships, loans, hard money lending, seller financing, or other creative tactics. The ideas Turner presents are based on creativity, and having them in your arsenal gives you versatility that can lead to success. Check it out here.

Little to no money down real estate investing

10. “The Go-Giver” By Bob Burg and John David Mann

I had the privilege of meeting Bob Burg and conversing with him about the concepts in his book. This experience elevated the book’s significance for both my husband and me. This selection is one of our favorites, and we refer back to it often. This narrative tells a story about a young professional and his encounters with various mentors. At its core, the book advocates that genuine success emanates from giving and serving others. There are Five Laws of Stratospheric Success that Burg and Mann discuss in this book. While the principles may not be real estate-centric, their significance will resonate with you as an entrepreneur and investor on your journey to success. This book is certainly different from the typical advice successful entrepreneurs give, but it is worth a read if these ideas interest you. Check it out here.

Go Giver

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