The first question which might pop in your head that Why Books? Because self-education plays one of the most crucial role in the early stage of your career. For creating a rock-solid building, your foundation should be very strong which can be done by reading books. You should always prefer books over any digital medium because books will help you to focus without any distraction. It is a well-known fact that you are going to imbibe more content when any content is read either from a book or paper. Also instead of reading free articles online, you should prefer books because generally books have story writing format which makes it very interesting and psychology says that your mind likes stories, our mind always remember a story.
So here are 7 books to read before becoming real estate investor.
Building Wealth One House at a Time – John SchauhThe main idea of this book is that you can build a fortune by investing in real estate arrangements like single-family houses and small units. It can be said that this is a hedgehogian approach as it just focusing to invest in houses. Also, appreciation in real sector is very uncertain and difficult to predict.
- Buying one house can make you rich
- Buy with your money without any borrowing
- Houses are the best form of investment
- Right house at the right location will attract long terms tenants
- Sell house on lease for profit maximization
Rich Dad Poor Dad – Robert KiyosakiThis is the quintessential book on the power of investing. This book largely focuses on working for money or investing to let money work for you. This book is not about how to invest but focuses that investing money is very important.
- Wise investment decisions
- To reduce your tax liability
- You will more from real-world
- The importance and potential of investing
The book on Investing in Real Estate with No Money Down – Brandon TurnerThis book is about how to invest in real estate but doesn’t have much money. Also, this book is not about getting rich with tricks but to it gives you a toolbox of financing that you can use to buy real estate. As an investor has no money to invest in the concept of borrowing for real estate is explained in a sophisticated way. This book contains hypothetical examples which are very useful for the beginners to learn and make a different kind of strategies.
- Investing without money
- Start with property owned owners
- Combination of different techniques
- Different kind of strategies
- How to attract private lenders
What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli:If you love numbers this is the perfect book for you, which makes it perfect for the real estate world. Along with the explanation of the basic formulas, a reader will learn about the principle aspects of real estate investments such as cash on cash return, return on equity, net present value, discounted cash flow and net operating income. The spreadsheet models that are provided in the book are used to help validate how to read a property’s potential, and how to apply financial concepts to be a successful tool.
- A helpful guide to financial cash flows
- How to make money in real estate
- Using statics to make any financial decisions
- There are several methods to calculate return on real estate investment
The ABC’s of Real Estate Investing – Ken McElroyThis is a useful book for the people for long-term real estate investors. This book will help the reader to know about real estate industry and to enlighten them about what they are getting into. A complete overview of the investment made in real estate industry from beginning to end.
- Very direct information about the real estate
- Explanation about the formulas that can be used to analyse the potential outcome of an investment from cash flow perspective
- Clear all the myths that curb people to invest in real estate sector.
Every Landlord’s Legal Guide – Marcia Stewart, Ralph Warner & Janet PortmanThis book covers the topic like property management, legal and contracts. This book covers the issue like rejecting applicants, handling of security deposits also it throws the light upon the issues like a potential liability on your property manager’s act and how to handle the subletting requests.
- What, Why and How
- How to hire a lawyer
- How to do legal research
- Legally delegating responsibilities on the tenants
- How to solve disputes without the lawyers
- Returning of security deposits and moving out issues
The Book on Flipping Horses – J ScottThis book covers the big picture and are very specific to details. A most fundamental step which is missed by most that is to analyse and choose the target market. This book will help you to analyse the potential market in your own market for flip and to analyse the future market to venture into.
Ideas from the book
Ideas from the book
Ideas from the book
Ideas from the book
Ideas from the book
Ideas from the book
Ideas from the book
- Good deals of sources
- Hundred house rule
- Get your financials very precise
Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India
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