20 Oct Real Estate Investing Books
When first starting in real estate investing, it’s essential to discover all the information you can about how to invest your money best. For many people, real estate investing books are a great way to learn about real estate.
Most real estate investing books cover the basics, but not all books are created equal. Some books don’t always provide everything you need to know about investing in real estate for the first time.
However, one real estate book covers everything you need to know about investing in real estate for the first time–even the secrets of what can go wrong.
Discover more about one of the real estate investing books that helps prepare you for your first investment.
Real Estate Books to Help You Invest
Jumping into real estate investing can be pretty overwhelming, so it’s essential to start at the beginning and trust the sources you use to learn the ins and outs of investing.
There are a few key elements to look for when searching for good resources to help you learn. If you’re like most people interested in learning about investing in real estate, you may have faced some challenges in the industry during the Great Recession in 2008 want to avoid those challenges.
In order to avoid challenges like that, it’s important to make sure you have a solid system in place for your investment. That means making sure you understand the complexities of real estate and lending and how you can avoid taking on debt, even when you’re first starting.
When looking for real estate investing books, it’s also critical to make sure that the source you’re using isn’t painting an entirely rosy picture of the real estate market and real estate investing.
While it’s true that real estate is one of the best industries to invest in, it’s also true that, like any investment, real estate has risks.
If the source you’re looking to for guidance makes real estate seem like there are no risks involved, it’s probably not the best resource for you to learn from.
Before investing your time and money, you should know what risks are involved in the investment. Being prepared for problems that may arise and how to handle them will set you apart from other real estate investors and ultimately help you succeed in the long run.
A great resource for learning the ins and outs of real estate investing, including what can go wrong, is from our team at Smart Real Estate Coach. Our free ebook walks you through real estate investing in such detail, you’ll feel like an expert after reading it.
Be sure to check out this ebook and watch our YouTube channel for more reliable information on how to start investing in real estate.
Quick Tips from a Top Real Estate Book
Back in 2007-2008, we almost lost everything. Our decades of experience and 20+ properties were going to be the end of everything. At the time, we had everything cashed out, and our credit cards had been shut off. There was very little hope of saving our business.
With stress about keeping the lights on, we came up with a strategy that helped us save it all.
Now, this strategy is one that we use in nearly all of our transactions. It’s a strategy that we teach all of our students so that they never end up in a similar situation.
The strategy is simple enough, but it does take some explanation to understand. There are three easy steps to the plan we like to call Three Paydays™.
What exactly does Three Paydays™ mean?
Well, it starts with:
- A cash deposit from the down payment.
- Monthly cash flow.
- Back-end profit.
As you can see, Three Paydays™ is precisely what it sounds like. During the course of your investment transaction, you are paid three different times! While it might sound like something out of a fairytale, it’s not.
We use this strategy and teach it to all of our students. This way none of us end up in a down market wondering where our next paycheck will come from.
Though investments are always a risk, we want to minimize that risk and increase our return on investment. The Three Paydays™ strategy does exactly that.
To learn more about the Three Paydays™ and all our other investment strategies, be sure to get your free copy of our ebook.
When Looking for Real Estate Investing Books:
- Make sure your source isn’t painting a rosy picture of real estate investing
- Take care to understand the risk of investing
- Consider online resources
Real estate can be a daunting market to join, but with the right real estate investing books, you can get a solid foundation to start.
Don’t forget! Get your free copy of our Real Estate Investor’s Blueprint. Just fill out the form to the right and we’ll email you our step-by-step guide to getting into investing and owning more homes without using your cash or credit.