The 10 Best Real Estate Investing Books (2024)

Looking to diversify your investment portfolio? Real estate investing may be your best bet. After all, home prices in the United States have largely increased every year from 1963 to 2007, while the housing market is valued at around $33.6 trillion.

Whether you plan to invest in the short or long-term rental industries or even commercial real estate, we’ve got you covered with our picks for the best real estate investing books.

Best Overall: The Book on Rental Property Investing

The 10 Best Real Estate Investing Books (1)

Brandon Turner’s “The Book on Rental Property Investing” is a solid starting point for anyone looking to dip their toes into the world of real estate investing—more specifically, rental property investing. Turner's 400-page book leaves no (real estate) stone unturned, from advice on how to get started to how to set up rental property income streams to common mistakes real estate investors commonly make, even how to find great deals on rental property investments. Turner is also the co-host of the BiggerPockets Podcast.

Best on Commercial Real Estate: Mastering the Art of Commercial Real Estate Investing

The 10 Best Real Estate Investing Books (2)

Doug Marshall’s “Mastering the Art of Commercial Real Estate Investing” schools readers on how to get started investing in real estate, from the six “laws” of investing in this sector to determining the best loans for any given investment property, plus how to manage your commercial property, Marshall has more than 35 years of experience in the commercial real estate industry and is the founder Marshall Commercial Funding, Inc., a commercial mortgage brokerage firm.

Best for Flippers: The Book on Flipping Houses

The 10 Best Real Estate Investing Books (3)

If you’ve ever watched HGTV, then you’re probably familiar with the practice of flipping houses for a profit. In “The Book on Flipping Houses,” J. Scott lays out an easy-to-follow plan for doing just that. He shows readers how to finance a flip, evaluate its profitability, determine what type of property to invest in, as well as the best location to start your flipping career, plus how to create a scope of work, budget, and schedule to ensure your flip is profitable. Scott, who worked in Silicon Valley and at several Fortune 500 companies, practices what he preaches. He and his wife quit their jobs in corporate America to pursue flipping houses full-time and have since flipped more than $60 million in properties.

Related: The Best Investing Books

Best on Real Estate Taxes: The Book on Tax Strategies

The 10 Best Real Estate Investing Books (4)

Investing in real estate has tax implications, just like any other type of investment. There are a lot of expenses you can deduct as a real estate investor, but the key is making sure that you're claiming every deduction you're eligible for. And aside from that, you also have to report the income you're earning from property investments to avoid getting in trouble with the IRS.

Amanda Han and Matthew McFarland are both certified public accountants, and they draw on their knowledge and expertise to offer a thorough tax guide for real estate investors in "The Book on Tax Strategies." If you're not sure how depreciation works, for example, or how to use a self-directed IRA to buy real estate investments, you can get pointers on both here. It's a must-read to add to the list if you're looking for strategies and tips to minimize what you owe to Uncle Sam on your real estate investments.

Read Next: The Best Personal Finance Books

Best for Building Wealth: The Millionaire Real Estate Investor

The 10 Best Real Estate Investing Books (5)

Wouldn't it be great to invest in real estate like a millionaire? There's just one problem—you don't have a million bucks lying around to sink into property investments. That's a challenge "The Millionaire Real Estate Investor" addresses. Author Gary Keller draws on the wisdom of more than 100 millionaire real estate investors to create a handbook for building wealth through property.

The book covers the biggest myths about money and investing that often prevent people from achieving millionaire status, as well as how to vet real estate opportunities to find the ones that prove most profitable. You don't have to be rich to appreciate the strategies and techniques Keller advocates, but it's possible that you could get rich in real estate by applying the principles he touts.

Best for Beginners: The ABCs of Real Estate Investing

The 10 Best Real Estate Investing Books (6)

If you're just entering the world of real estate investing, opt for "The ABCs of Real Estate Investing" by Ken McElroy. As the title of the book suggests, you'll learn basics like how to achieve wealth through real estate, ways to find and evaluate properties, negotiating deals, how to increase income through property management tools, and much more. McElroy himself has over 26 years of senior-level experience in multifamily asset and property management. Even more, reviewers agree that this is a great starter book, praising how informative and easy-to-read it is for first-time investors.

Related: The Best Investing Books for Beginners

Best on Out-of-State Investing: Long-Distance Real Estate Investing

The 10 Best Real Estate Investing Books (7)

"Long-Distance Real Estate Investing" challenges the myth in real estate that you should only look into investing in your locality. This is a great read for investors who live in an area that's not particularly suited for investing or for those looking to widen their real estate investments nationwide. Although out-of-state investing is considered risky, author David Greene argues that rules, technology, and markets have changed well enough so you can successfully invest anywhere.

Greene, who has built a multi-million dollar portfolio, goes into the strategies he has implemented from investing in over 20 rental properties. Learn how to find great deals in any state regardless of where you live, how to identify which neighborhoods to buy (and which to pass up on), how to renovate a project remotely, and more.

Best First-Person Account: One Rental At A Time: The Journey to Financial Independence through Real Estate

The 10 Best Real Estate Investing Books (8)

REITs can appeal to real estate investors who want more of a hands-off approach to investing in property. A REIT is a company that owns property investments; as a REIT investor, you get the benefit of dividend income generated by those properties without any of the headaches that go along with being a landlord and having to deal with tenants directly.

"The Intelligent REIT Investor" outlines the most important concepts associated with REIT investing as a wealth-building strategy. Specifically, the authors dive into how to evaluate and choose which REITs to invest in, based on your overall goals, risk tolerance, and time horizon for investing. If you're interested in adding REITs to your portfolio but you have no clue where to start, this book can help you get your feet wet without getting in over your head.

Best Comprehensive Approach: Real Estate Investing QuickStart Guide

The 10 Best Real Estate Investing Books (9)

Symon He’s book takes a multi-faceted approach to real estate investing—both a book and 8 hours of online courses with the author. This pick takes a straightforward approach to getting started with real estate investing, from creating passive income to finding wholesale real estate deals to successfully flipping a property. He is a licensed real estate broker and consultant.

Best for Investors on a Budget: The Frugal Real Estate Investor

The 10 Best Real Estate Investing Books (10)

“The Frugal Real Estate Investor” by Aki Suzuki walks readers through how to buy their first rental property on a budget, all based on the author’s firsthand experience. This book is divided into three parts: making sure your personal finances are in order before investing in real estate; concepts and building a foundation for real estate investing; and putting what you’ve learned into practice and diving headfirst into the world of real estate investing. Suzuki is an executive in Silicon Valley, a financial coach, a realtor, and a real estate investor.

Related: The Best Personal Finance Books

Final Verdict

Brandon Turner’s “The Book on Rental Property Investing” (view at Amazon) takes the top spot on our list for its comprehensive look into how to get started with real estate investing, from establishing passive income streams to finding great deals on investment properties to common pitfalls to avoid.

Meet the Expert

Rachel Morgan Cautero has a master's degree in journalism from New York University and more than a decade of journalism experience, most in the personal finance sector. Most recently, she was the managing editor of DailyWorth, a finance-based media destination for women. She’s been published in SmartAsset, The Balance, The Atlantic, Life & Money, Parents, WealthRocket, and Yahoo Finance. These titles were selected based on author credentials, reader reviews, and any relevant awards.

The 10 Best Real Estate Investing Books (2024)

FAQs

What is the best book on investing in real estate? ›

Best Book On Real Estate Investing

"The Book On Rental Property Investing: How To Create Wealth With Intelligent Buy And Hold Real Estate Investing" by Brandon Turner is a top-rated choice for anyone interested in achieving financial freedom with rental properties.

What is the 10 rule in real estate investing? ›

The 10% rule is a quick and straightforward way for investors to evaluate the potential profitability of a real estate investment. It involves calculating the expected annual income from the property and ensuring it equals at least 10% of the property's purchase price.

What is the 5 rule in real estate investing? ›

The first part of the 5% rule is Property Taxes, which are generally around 1% of the home's value. The second part of the 5% rule is Maintenance Costs, which are also around 1% of the home's value. Finally, the last part of the 5% rule is the Cost of Capital, which is assumed to be around 3% of the home's value.

What is the best book to read about investment? ›

  • The Bond King.
  • The Intelligent Investor.
  • Patient Capital.
  • The Billionaire's Apprentice.
  • The Ultimate Day Trader.
  • The Psychology of Money.
  • The Only Investment Guide You'll Ever Need.
  • Why Trust Investopedia?

What is the golden rule of real estate investing? ›

This rule calls for investors to put 20% down on properties and then get tenants whose rent payments cover the mortgage.

What is the 1% rule in real estate investing? ›

The 1% rule of real estate investing measures the price of an investment property against the gross income it can generate. For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price.

What is the 80% rule in real estate? ›

In the realm of real estate investment, the 80/20 rule, or Pareto Principle, is a potent tool for maximizing returns. It posits that a small fraction of actions—typically around 20%—drives a disproportionately large portion of results, often around 80%.

What is the 28% rule in real estate? ›

According to the 28/36 rule, you should spend no more than 28% of your gross monthly income on housing and no more than 36% on all debts. Housing costs can include: Your monthly mortgage payment.

What is the 4 3 2 1 rule in real estate? ›

Analyzing the 4-3-2-1 Rule in Real Estate

This rule outlines the ideal financial outcomes for a rental property. It suggests that for every rental property, investors should aim for a minimum of 4 properties to achieve financial stability, 3 of those properties should be debt-free, generating consistent income.

Is 5000 enough to invest in real estate? ›

Most people don't realize they can invest in real estate with $5,000, or $500, or even $50. They think they have to save up tens of thousands for a down payment if they bother to give it any thought at all. I used to buy rental properties directly, putting down tens of thousands on each.

Why is there a 70% rule in real estate? ›

The 70% rule can help flippers when they're scouring real estate listings for potential investment opportunities. Basically, the rule says real estate investors should pay no more than 70% of a property's after-repair value (ARV) minus the cost of the repairs necessary to renovate the home.

What books does Warren Buffet recommend? ›

  • Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger Charles T. Munger.
  • The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success William N. Thorndike Jr.
  • Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street Fred Schwed Jr.

What is the smartest way to start investing? ›

Best ways for beginners to invest money
  1. Stock market investments.
  2. Real estate investments.
  3. Mutual funds and ETFs.
  4. Bonds and fixed-income investments.
  5. High-yield savings accounts.
  6. Peer-to-peer lending.
  7. Start a business or invest in existing ones.
  8. Investing in precious metals.
Jul 18, 2024

How should a beginner start investing? ›

  1. 8-Step Guide to Investing in Stocks.
  2. Step 1: Set Clear Investment Goals.
  3. Step 2: Determine How Much You Can Afford To Invest.
  4. Step 3: Determine Your Tolerance for Risk.
  5. Step 4: Determine Your Investing Style.
  6. Choose an Investment Account.
  7. Step 6: Fund Your Stock Account.
  8. Step 7: Pick Your Stocks.
May 20, 2024

Which real estate investment is best? ›

Commercial real estate investment is less risky than residential real estate investment as there would be a professional bond between the renter and the owner. Since there is a professional bond, you need to maintain the standards of the commercial space also.

What is the most profitable real estate to invest in? ›

Here are the five most profitable real Estate ventures and the key factors and trends contributing to their success.
  1. Residential Real Estate Development. ...
  2. Commercial Real Estate Investment. ...
  3. Real Estate Crowdfunding. ...
  4. Real Estate Technology ( PropTech) ...
  5. Short-Term Rentals and Vacation Properties.
Dec 28, 2023

What is the most effective starter for a real estate investment? ›

1. Buy REITs (real estate investment trusts) REITs allow you to invest in real estate without the physical real estate. Often compared to mutual funds, they're companies that own commercial real estate such as office buildings, retail spaces, apartments and hotels.

What is the best return on investment in real estate? ›

A “good” ROI is highly subjective because it largely depends on how risk-tolerant a particular investor is. But as a rule of thumb, most real estate investors aim for ROIs above 10%.

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