If I had to redo my first home-buying experience back in 2008, I wouldn’t change anything. However, I would have taken the time to read exactly what I was getting us into during the process.
I, of course, read multiple articles online about the home buying process, but nothing about being a real estate investor. This was a huge mistake. I reviewed all of my home buying scenarios in the article “Become a Real Estate Investor BEFORE Buying a House.”
After spending the last year reading 70 books on real estate, investing, and passive income, I pieced together my most critical real estate books. I highly recommend you read all of these BEFORE you buy a home.
As much as we try to prevent it, buying a home is a highly emotional time. Trust me; you don’t want to make emotional-based decisions during the process. Sure upgrading the countertops is okay, but buying an extra-large home based on emotions will lead to long-term stress.
With no further ado, here are my top ten books to read before you buy a house. I will give a quick blurb on why the book helped me in my real estate ventures.
1) “Buy, Rehab, Rent, Refinance, Repeat” is my favorite pure real estate book ever. The author covers each of the four steps in great detail. Reading this book alone will set you up for success from a home buyer to a real estate investor.
2) “The Book on Managing Properties” is a super deep dive into the world of property management. Yes, we all think our first home will be our “forever home.” However, the average time in a home is eight years. So, it’s better to understand property management sooner rather than later.
3) “Real Estate Note Investing” is about buying real estate debt, not physical properties. You may learn that investing in real estate mortgages better suits you than becoming a real estate tycoon.
4) “Dirt Rich” covers buying land for cheap by finding properties that are past due on taxes. It takes some effort to find these deals, but you stand to make huge profits if you can. The key is to use seller-financing to turn your land into passive income by creating real estate notes.
5) “10 Other Real Estate Investments You Could Do” has many different ways to invest in real estate. Other methods include mobile homes, hard money lending, private money lending, wholesaling, and billboards.
6) “The ABCs of Real Estate Investing” gives us a ton of essential terms and calculations to assist us during the home-buying process. Understanding terms like cash-on-cash return and net operating income are vital to becoming a real estate tycoon.
7) “Build a Rental Property Empire” is for those who want to buy a ton of single-family residences. Not everyone wants to own an apartment building, and there are many benefits to owning single-family residences.
8) “Zero Down” is for those who want to buy apartment buildings. Yes, it is possible, and you can achieve this goal. It is a process, but you can buy and run an apartment complex with the correct mindset.
9) “40 Ways to Increase the Net Income of Your Rental Property” helps you maximize the rental income from your property by adding things like rentable parking spaces, advertising, and laundry machines.
10) “Unfair Advantage” is not necessarily a real estate book but a financial mindset manual. It covers debt, taxes, leverage, and education. It is my favorite book of all time, and I recommend you read it first. It will change your view of the world.
I know most people don’t enjoy reading, but studies prove that reading enhances decision-making ability. There is no better time to get started by reading these books. I will also list a few free real estate books that I wrote myself below.
- Renovate & Rent VS. Fix and Flip
- Living Overseas Passively 04: Rental Income
- Real Estate Lifestyles 3: Investor vs. Lender
- Real Estate is a Mindset (Advanced)
If you like reading about real estate, I cover it once every five days. In between those days, I cover retirement planning, financial mindset, investing, and business. Please follow me on Twitter and my Facebook Page for more investing knowledge. Enjoy and Happy Investing.
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