Top Resources to Develop Your Real Estate Knowledge
Any successful real estate investor will tell you that real estate education is invaluable.
A lot of this knowledge will naturally come from the real estate experience of buying, selling, and managing investment properties. But if you were to rely solely on that, you’d make some serious real estate mistakes that could slowly kick you out of the business.
Does that mean you have to invest thousands of dollars in getting real estate certifications?
Not necessarily. Rather than investing in formal education, why not just pick up a few real estate books and get practical knowledge of this industry. Knowledge is power. But as Follow Up Boss puts it, “Books are filled with ideas, but information is only power when applied.”
Your chances of succeeding in real estate business are higher if you learn from other successful investors. Fortunately, many successful real estate investors have taken the time to write their story. Here are the top 8 real estate books to read.
1. The Art of the Deal
Author: President Donald Trump
Written in 1987, the Art of the Deal is a top-rated real estate investment book that has passed the test of time. One thing we can all agree on is that Donald Trump is a real estate mogul. In this book, Trump uses real-life examples to show how deals are negotiated.
2. Real Estate Loopholes
Authors: Dianne Kennedy, Garrett Sutton, and Robert T. Kiyosaki
Written by renowned real estate moguls, the Real Estate Loopholes is all about strategies. The book analyzes various tax strategies to adopt and the consequences of growing a real estate portfolio.
3. Mastering Your Real Estate Career
Authors: Chuck & Angela Fazio
If you’re looking into starting a real estate business, this book should be on top of your list. The book begins by giving you an honest assessment of whether real estate is the best career for you, then teaches you how to build a roadmap to success.
4. Listing Boss
Author: Hoss Pratt
In this book, Hoss Pratt critiques the 12 essentials that will not only make you a savvy listing agent but a buyers’ agent as well.
5. The ABC’s of Real Estate Investing
Author: Ken McElroy
With over 30 years’ experience in real estate investing, Ken McElroy’s voice has made quite an impact in the real estate world. In this book, Ken outlines the steps you should take to achieve financial independence through real estate income.
6. Crushing it in Apartments and Commercial Real Estate
Author: Brian Murray
Brian Murray is a perfect example of how someone can start from scratch and build a multi-million dollar real estate company out of sheer determination. In this book, he teaches the strategies to grow your portfolio.
7. The Book on Rental Property Investing
Author: Brandon Turner
The Book on Rental Property Investing is a real gem for those looking into making real money out of real estate investing. This book is the ultimate beginner’s guide to buy and hold real estate investing.
8. Influence: The Psychology of Persuasion
Author: Robert B. Cialdini
To succeed in real estate business, you need to have impeccable communication and negotiation skills. If you’re lacking in this department, the Psychology of Persuasion can lay the foundation for you and steer you in the right direction.
While there is a ton of information out there regarding real estate investing, these books are a great place to start, and are recommended by pros. Hope you’ll find them worth reading. Feel free to comment and share.