You can’t succeed in the real estate business without a solid foundation of knowledge and experience. Luckily, there are plenty of books out there that can help you get started in your investment career. Here is my favorite list of books:
1. The Millionaire Real Estate Investor by Gary Keller
Real estate investing is a great way to make money, but many pitfalls exist. The Millionaire Real Estate Investor introduces you to the real estate industry, including why it’s a worthwhile investment. Subsequent chapters in the book explain how to find properties and analyze whether they’re worth buying, find financing for your purchases, maintain your properties once you’ve bought them, and deal with tenants.
Each chapter ends with “Take Action” sections that tell you what steps you can take immediately to apply what you’ve learned from that chapter in your life as a real estate investor.
The book also contains an appendix with information about the tax laws in your state regarding real estate investments.
If you’ve NEVER invested in real estate, this book makes it easy to understand what you need to know. It’s written in a friendly, conversational style that makes the material fun and easy to digest.
2. The Art of Commercial Real Estate by Anthony Grosso and Chris Palermo
The Art of Commercial Real Estate is a commercial real estate market primer. It covers all the essentials, from what it is to how to invest in it.
The book starts by defining commercial real estate and explaining how it differs from residential real estate. The book covers commercial properties: office buildings, shopping malls, industrial parks, etc. The book then covers financing options for all these property types and their financing methods.
If you’re a real estate investor, prospective buyer, or real estate investor who wants to learn more about the industry but doesn’t want to spend hours reading dense textbooks, this book is for you. It’s easy to understand and full of illustrations that make it even easier.
Related: Commercial vs. Residential Real Estate: Which Property is Better to Invest in?
3. Mastering the Art of Commercial Real Estate Investing: How to Successfully Build Wealth and Grow Passive Income From Your Rental Properties by Steve Bergsman and Michael Lechter
This book will help you build wealth through real estate investing with no prior experience necessary.
It explains how to find the right property for your needs, set up a plan for your finances, manage tenants, and maintain your property. The book also includes chapters on marketing strategies, legal issues related to buying properties, insurance requirements, and more.
It is perfect for anyone wanting to start their career as a commercial real estate investor or a real estate entrepreneur investing in commercial properties.
4. The Commercial Real Estate Investor’s Handbook:
A Step-by-Step Road Map To Financial Wealth
The Commercial Real Estate Investor’s Handbook is a step-by-step roadmap for the beginning investor. It shows you how to invest in commercial real estate and build a diverse portfolio of properties that can generate passive income and provide you with a hedge against inflation.
It’s a great resource to know how to find, finance, and manage properties that produce a positive cash flow, how to structure these deals so that you pay as little in taxes as possible, and how to negotiate with banks, lenders, and other parties involved in the real estate transactions, and also how to create business plans for each property so that you can maximize its return on investment.
5. Long-distance Real Estate Investing by David Greene
David Greene is an experienced investor and author who has been building a profitable rental portfolio for years. In this book, he shares his in-depth strategy to make these portfolios through buying, managing, and flipping out-of-state properties.
This book will teach you how to grow your real estate investing business in any location, build relationships with your team from miles away, recognize coming shifts in any market, how to use technology to be updated remotely, and apply checks and balances to ensure you find the best deals and understand where to buy, where to avoid, and whom to hire for work.
6. Crushing it in Apartments and Commercial Real Estate: How a Small Investor Can Make it Big by Michael Blank and Robert Shemin
If you are a beginner investor and want to know how you can use your money wisely on rental property investing, this book is suitable for you. It is a great read written by Michael Blank and Robert Shemin, who have years of experience working in the field. They have helped many people make money from their investments.
The book covers topics such as how to use your money wisely, how to analyze properties, which properties are suitable investments, what you should do when buying, what factors affect property prices, and much more. The authors also advise finding funding sources so that you can start investing immediately.
This book offers valuable tips on investing your money wisely so it will grow over time without putting too much stress on your finances or family life.
7. The How to Add Value Handbook for Commercial Real Estate: Generate More Income from your Investment Property by Bryan Hennessey
The How to Add Value Handbook for Commercial Real Estate is an intelligent guide to generating more income from your investment property. It features step-by-step instructions on increasing the value of any commercial property, including apartment buildings, office buildings, warehouses, and more. The book covers everything from identifying the best tenants, improving the building’s energy efficiency and appearance, and using new technologies to generate more revenue.
8. Negotiating Commercial Real Estate Leasing by Martin I. Zankel
Negotiating Commercial Real Estate Leasing is written by Martin I. Zankel, one of the best real estate lawyers who has dealt with hundreds of leases for landlords and tenants. This book provides an overview of the industry, including its history and current trends, as well as detailed advice on every aspect of negotiation from the initial contact between parties through the final agreement.
The author explains how to prepare for negotiations to maximize your chances of success, including strategies for identifying potential partners and determining their goals, choosing whether or not to hire an agent, developing a plan, preparing documents, managing time during negotiations, and overcoming objections, and much more.
9. Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money
Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money is a book by Matt Faircloth that offers a unique perspective on raising private capital for real estate investments. The author is a seasoned investor focused on residential and commercial properties and has also worked with numerous other savvy real estate investors who have successfully raised private capital for their ventures.
The book explains how to build your company’s brand and identity, as well as how to develop relationships with potential investors. It also covers the critical topic of how to prepare yourself before meeting with investors, including how to find out what they’re looking for in an investment opportunity.
In addition to offering practical advice on how to raise private capital using other people’s money, this great book also provides a comprehensive guide and tips on managing your business once an investor or group of investors has funded it.
Related: Multifamily Real Estate Investments: Easy Guide to New Investors
10. What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli
If you’re a real estate investor, you know that cash flow is everything. But what is it? And how do you make sure your properties are generating enough of it?
What Every Real Estate Investor Needs to Know About Cash Flow: A Guide to Profitable Property Management, author Frank Gallinelli explains the ins and outs of managing rental properties. His book will help you understand how to: manage tenant relationships, keep track of expenses and income, and get the most out of your property management team.
11. How to Win Friends and Influence People
How to Win Friends and Influence People is a self-help book by Dale Carnegie. It was first published in 1936 and has been revised several times.
Carnegie discusses the importance of dealing with people in a way that makes them feel important. He argues that this can be accomplished through simple techniques like smiling, making eye contact, and remembering names.
This book is about the art of making friends and influencing people. It’s about how to make people like you, win people to your way of thinking, and handle people who try to put up emotional barriers.
It is a practical guide to getting along with others that have helped millions of people achieve their full potential in work and the community.
Related: The Go-Giver Book Summary: Unravel the Powerful Secrets to Succeed
Conclusion
If you are looking for a book to help you with your investment decisions and financial freedom journey, I highly recommend reading any of these eleven best books. They will give you valuable information and insight into commercial real estate investing and how it works for passive investors like you.
Do you want to learn more about real estate investing?
We’ve got you covered.
First, check out our podcast, The Path to Wellth with Hannes Hennche. In each episode, real estate investing experts will hear the success stories. It’s a great way to get started with the basics of passive investing and wealth for wellbeing. Tune in to our episodes on your favorite podcast players, Apple, Stitcher, and Spotify. Check out our latest video on our Youtube Channel.
Then, if you’d like to learn more about investment offerings or seek any other investment advice, visit our website at wealthycapital.com.
We also give free e-book copies to individuals who aspire to invest in multifamily real estate. Grab your copy here!
Recommended Video: How to Get Into Multifamily Investments: Tips for New Investors
Related: Financial Independence: What is the Valuable First Step?