“A room without books is like a body without a soul.”
― Marcus Tullius Cicero
And I totally agree with Marcus. Books are your best friends. Period.
Now is the era of technology and gadgets and there is no doubt about it. I know the internet is convenient and saves your time, but trust me, nothing can compare to the knowledge you gain through reading books. The pieces of knowledge that you get are raw, valuable, and most of the time, accurate.
If you are someone who wants to gain valuable insights into the real estate industry, books are the perfect resource for you. You can find books on every genre including real estate.
FBR-released data and industry surveys estimate that the real estate industry is worth around $700 billion. This humongous figure is clearly projecting the bright future of real estate in Pakistan. However, in this industry, competition is fierce due to the presence of so many players in the market.
To have an edge over others, one must be knowledgeable and up-to-date with all the market trends. One should know how real estate works, what the dos and don’ts of real estate are, tips and tricks to remain in the game, and how to invest strategically in the real estate market.
To get all this information, the internet is not enough. Most of the books have material that is not easily accessible over the internet. Therefore, we suggest you read at least five real estate books a year.
Following is the list of real estate books that we think you should definitely read.
|Name of the book||Author||Goodreads Rating|
|1. The Book on Rental Property Investing: How to Create Wealth and Passive Income through Smart Buy & Hold Real Estate Investing||Brandon Turner||4.43/5|
|2. The Millionaire Real Estate Investor||Jay Papasant||4.2/5|
|3. The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People’s Money||Brandon Turner||4.18/5|
|4. One Rental at a Time: The Journey to Financial Independence Through Real Estate||Michael Zuber||4.1/5|
|5. Every Landlord’s Legal Guide||Marcia Stewart||4/5|
1. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
This is one of the best investment books ever written. It was authored by the host of a very famous podcast ‘Bigger Pockets’. The book is all about practical and effective pieces of advice and strategies for managing wealth. The book will walk you through the whole procedure of building a plan, finding good investment deals, tips and tricks, etc.
This book is highly recommended for people who want to use their properties as a source of generating income. The tone of the book is humorous and the author has explained everything in a light and fun manner. If you dread learning about taxes and technical terms and future, worry no more, because this book explains all these concepts comically.
2. The Millionaire Real Estate Investor
This book is gold, no doubt about it. This amazing book is written by Jay Papasan who studied, analysed and interviewed over 100 millionaire investors and collected their wisdom. The book has a collection of proven tricks and strategies by millionaires.
This book is considered to be one of the best real estate basics books in the literary circle. Jay Papasan has left no stone unturned to educate his readers about the ins and outs of the real estate industry. The book is loaded with informative text that will surely help you with your real estate queries.
Some of the topics covered in the book include:
• Myths about money and investing that hold people back and how to develop the mindset of a millionaire investor
• How to develop sound criteria for identifying great real estate investment opportunities
• How to zero in on the key terms of any transaction and achieve the best possible deals
• How to develop the “dream team” that will help you build your millionaire investment business
• Proven models and strategies millionaire investors use to track their net worth, understand their finances, build their network, lead generate for properties and acquire them.
3. The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People’s Money
This book is perfect for people who do not have seeding money to start their own business. The book guides you on how to invest in real estate by utilising venture capital. In short, this book is all about being a smart investor.
Topics that are extensively covered in the book are:
• How to invest with low or little money.
• How to invest creatively and how to succeed in creative deal-making.
• How to attract money lenders, partners, and private money.
• Walking through the downsides of creative investing.
• The best strategies to get your feet wet without paying a load of money.
• How to build your very own real estate empire.
4. One Rental at a Time: The Journey to Financial Independence Through Real Estate
The next book on our list is ‘One Rental at a Time: The Journey to Financial Independence through Real Estate.’ The book talks about different ways and methods that you can incorporate in your life to reap great benefits from real estate.
The author talks about how you can use real estate to get financial freedom in the long term. The main theme of the book revolves around the concept of passive income – how buying and holding rental properties can give you financial stability.
So, here is a list of real estate books we think you should read. These books will not only provide you with valuable pieces of knowledge but will also give you a fair idea about the real estate industry and how it operates.
5. Every Landlord’s Legal Guide
This is one of the best real estate books for beginners. If you want to know about the legal issues and scenarios associated with the real estate industry, you need to read this book. The book acts as an in-depth solution manual for all your residential property rights and obligations.
If you are a landowner and want to understand housing, screening processes for tenants, repairs, eviction, hazards, and general tips on renting, this book is designed for you.
Some of the topics covered by the author are:
• Screening and choosing tenants
• Preparing leases and rental agreements
• Making security deposit deductions
• Avoiding discrimination charges
• Keeping up with repairs and maintenance
• Hiring a property manager
• Minimising liability for personal injury lawsuits
• Handle broken leases and terminations, and
• Dealing with problem tenants.
Apart from these lessons, the book also covers a huge selection of forms and document samples that could help landlords in lease and rental agreements.
Give these books a read and let us know about your views on them. We would love to hear from you.
Also, which is your favorite real estate book? If it’s not on our list, let us know in the comments section below.
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