When it comes to creating financial freedom for yourself and your family, the best way to set yourself up for massive success is by first investing in yourself. Many have created wealth through real estate investing, so the best way to get started and to continually improve your strategy is to learn from those who have gone before you.
When I first got into real estate investing, the number one thing I focused on was learning the lingo. In order to look the part and for people to take you seriously, you have to understand the language of commercial real estate. With each new book I found a new tip that I could file away in my mental arsenal for when I was ready to step out and begin to talk with industry professionals.
In this article, we’ll share with you some of the top real estate investing books that have helped thousands to build wealth through real estate.
#1 Think And Grow Rich
By Napoleon Hill
Many of the most successful real estate investors and entrepreneurs often attribute their success to the principles in Napoleon Hill’s landmark bestseller, Think and Grow Rich.
Think and Grow Rich has been called the "Granddaddy of All Motivational Literature." It was the first book to boldly ask, "What makes a winner?" The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world's winners himself.
The most famous of all teachers of success spent "a fortune and the better part of a lifetime of effort" to produce the "Law of Success" philosophy that forms the basis of his books and that is so powerfully summarized in this one.
In the original book (published in the 1930s), Napoleon Hill dives into the success stories of such giants as Andrew Carnegie, Thomas Edison, Henry Ford, and many other millionaires of the early twentieth century. Whether you’re just starting out in real estate investing or are a seasoned investor, Think and Grow Rich will help you develop the right mindset for success.
#2 The Richest Man In Babylon
By George S. Clason
The ancient Babylonians were the first people to discover the universal laws of prosperity. In his classic bestseller, "The Richest Man in Babylon," George S. Clason reveals their secrets for creating, growing, and preserving wealth.
Through these entertaining tales of merchants, tradesmen, and herdsmen, you'll learn how to keep more out what you earn; get out of debt; put your money to work; attract good luck; choose wise investments; and safeguard a lasting fortune.
Whether you’re struggling with managing your personal finances or looking to take your real estate investing to the next level, The Richest Man in Babylon will give you the principles you need to reach success.
#3 Rich Dad Poor Dad
By Robert Kiyosaki
Rich Dad Poor Dad is a real estate investing classic. Many investors credit this book for all of their success and for leading to that pivotal moment that created a paradigm shift in their minds for how to create financial freedom.
In it, Robert Kiyosaki walks through the lessons he learned from his own dad (“poor dad”) – to work hard, get a good job, and save up for retirement vs the lessons he learned from his friend’s dad (“rich dad”), which opened his eye to a new way of creating financial freedom.
#4 The Millionaire Real Estate Investor
By Gary Keller
Anyone who seeks financial wealth must first learn the fundamental truths and models that drive it. The Millionaire Real Estate Investor represents the collected wisdom and experience of over 100 millionaire investors from all walks of life who pursued financial wealth and achieved the life-changing freedom it delivers. This book--in straightforward, no nonsense, easy-to-read style--reveals their proven strategies.
The Millionaire Real Estate Investor is your handbook to the tried and true financial wealth building vehicle that rewards patience and perseverance and is available to all--real estate. You'll learn:
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
#5 Tax-Free Wealth
By Tom Wheelwright
Despite the fact that many people had suggested it to me over the years, I was dreading reading it because taxes had never piqued my interest. But let me tell you something. I picked up this book early in the morning and couldn't put it down.
Everyone should read Tax-Free Wealth, a book about tax planning. It's presented in layman's terms, not accounting jargon, and the ideas in these pages are really effective. This book will show you not only how to make money in real estate, but also how to keep more of it rather than having to pay it back in taxes.
I strongly advise you to get a copy of this life-changing book if you are currently investing in real estate or are considering doing so.
Why Now Is The Best Time To Educate Yourself On Real Estate Investing
Almost everyone that you talk with that has investing in real estate for a long time will tell you, "the best time to start investing in real estate was yesterday and the second best time is right now." I cannot tell you how many times I have heard this saying over the years and it couldn't be more true. This is why it is so important to take action and start getting educated. These books are a great place to start. They are by no means comprehensive and everything you need to know about real estate, but they are a great starting point.
Be sure to check them out and let us know your thoughts. Hopefully one of these will get you off the fence and into the game of real estate investing!