Over at RealEstateInvestor.com our intention is to both bring together real estate investors and help them find excellent educational resources. This can come in many forms through mentors, articles, courses and books. I am a big fan of books and HIGHLY encourage everyone to keep a few real estate tomes on their office shelves. It’s great for reference material, and if I don’t say so myself, happens to look good to anyone venturing into your office for business purposes.
There are tons of books on the market about real estate. Some of them are not so great, while others are definitely keepers. At REI we have a selected list of recommended books for any real estate investor whom might be interested. I thought I’d post some of my favorites from that list here today.
40 Days to Success in Real Estate Investing By Robert Shemin
I’ve been known to have some organizational issues. So, any book that offers a step-by-step plan, or calendar to success is well…just the tops. If you are like myself and prefer someone just lay it all out in front of you with a ready to go plan then I recommend picking up this book.
It’s a nice general resource book on the topic of real estate investing and will help investors who are interested in foreclosures, wholesales and lease-options.
Selling Real Estate Without Paying Taxes By Richard T. Williamson
This book is a must have for anyone investing in real estate. It’s last edition came out in 2007 so, it’s a couple years behind on some of the new real estate laws. However, it’s great at covering the basics of protecting your money from taxes. Learn about 1031 Exchanges, Private Annuity Trusts and Tax free investing through your own IRA!
I know I’d want a resource book concerning my real estate capital and taxes on the shelves. Even if you have an accountant working out the details of your tax returns, it’s a good idea to have this book on hand. You never know what they might overlook.
The For Sale By Owner Handbook By Piper Nichole
You can find no more consistent and easy to understand guide on selling a property than this book. It’s meant for the average homeowner who is looking to bypass realtor’s fees, but all of the information contained within can be easily applied to the real estate investor’s business. If you find that your exit strategy is a little weak, consider reviewing the basics in the For Sale By Owner Handbook.
It will explain the process of picking a selling price, creating curb appeal, staging, advertising, confirming a buyer has the funds to back an offer, the closing and even that home inspection.
The Pre-Foreclosure Property Investor’s Kit By Thomas J. Lucier
Again, I am a big fan of step-by-step instructions, lists and anything that can help make investing that much easier. This book is a great resource for today’s investors because there are so many homes in pre-foreclosure right now. It’s amazing how many there are right now. Investors can buy these homes before they go to foreclosure, helping both the economy and the homeowner, even though it can seem a little tricky on the surface.
You’ll learn in-depth the causes of foreclosure, what to know about the existing mortgage on a pre-foreclosure, how to finance the purchase of your pre-foreclosure and the author’s 14 step process for investing in these homes.
Awaken the Giant Within By Anthony Robbins
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very successful man or woman has encountered some times of doubt and hardship in their efforts to work towards a goal. This book by a giant of a man, Anthony Robbins will help anyone out of their rut and back on the path to success.
It’s not a real estate book, but what I like to call a ‘self-awareness’ book. Read through it. Give it a chance and you might be surprised what you learn about your own inner motivations and the secrets to success.
The Millionaire Next Door By Thomas J. Stanley
Here’s another great book to keep on your shelves that’s not focused on real estate investing. The author of this book takes a look at the ways every day people can become millionaires through frugality, common sense purchases and safe guarding their money. It’s an excellent book to have on hand for any area of your financial life, not just the real estate business.
While these six selections are some of my favorites from RealEstateInvestor.com there are several other books on our reading list. Head on over and peruse at your leisure or let me know what you personally have on your book shelves. Who knows, maybe it will end up in our list of educational books for the real estate investor?
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