For investors in real estate there is no set game plan. There are many tasks that fall under your purview, and there are no clear-cut solutions, from assessing a potential investment property, raising money, interacting with solicitors and managing your property. Even for seasoned investors, it can be daunting and easy to ignore details or fall into the trap of just going through the motions without maximising your methods and portfolio.
For first time property investors, education is the key to making good investment decisions. A lack of knowledge and information is the main reason investors end up losing money.
Here are our picks for the 10 best books for real estate investing in 2023.
10 best books for real estate investing in 2023
1. Prosper – An Insider’s Guide to Investing in Property Off-Plan
Prosper is written to put small investors in the driving seat when it comes to investing off plan. The objective of the book is to give the reader the industry insights and understanding of the basics of large-scale residential development. The book discusses, how agents and developers determine marketing values and how marketing campaigns work. And to give you the tools and knowledge to create as much leverage as possible when negotiating to buy off-plan.
The book covers:
- New Build Market Fundamentals: What are the fundamental principles behind the new build property market? How does residential property development work?
- Purchase Price and Costs: How are properties priced, and how do you get to the bottom of how to consider purchasing costs?
- Purchase and Operational Issues: What should you be thinking about when you purchase property both today and from an operational perspective?
- Financial Performance: How do you measure and compare the potential financial performance of different investments?
- Driving Financial Performance: How do you improve the financial performance of your investment?
- Your Property Investment Strategy: How do you bring all this information together to put together your investment strategy?
Find it here.
2. Millionaire Real Estate Investor: Anyone Can Do it – Not Everyone Will
The book is one of the few which provides practical advice to apply right away. It also includes real-world examples. The book covers everything from tax planning advice to the worst blunders rookie real estate investors should avoid is covered.
This best-selling business book is designed to show the reader how to achieve financial freedom through real estate investing. The book provides in-depth guidance, teaches innovative and useful ideas that real estate investors all over the world are adopting to generate sizable cash flow from rental properties.
Find it here.
3. The Wealthy Real Estate Investor
To help you learn from what made them successful, the authors of this book adopted the method of compiling the tales of more than 100 rich investors. The book examines how they established their companies. The Wealthy Real Estate Investor is a compilation of the knowledge and experience of over 100 millionaire investors from various backgrounds who sought financial success and the liberation it brings. This book offers their tried-and-true tactics in an easy-to-read, straightforward format.
The book covers:
- Money-related myths that prevent individuals from investing, as well as advice on how to adopt the mindset of a wealthy investor
- How to establish reliable standards for spotting excellent real estate investment prospects
- How to focus on any transaction’s important terms to get the best prices possible
- How to create the “dream team” that will aid you in creating your millionaire investment firm.
- Proven models and techniques used by millionaires to keep track of their net worth, comprehend their finances, expand their networks, find properties to buy, and generate leads for them
4. Real Estate Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Securing Financing, Closing Your First Deal, and Building … Real Estate
The book is a beginners guide to investing in real estate in the post pandemic economy. The book covers, managing daily tasks as a landlord or passive investor, managing residential and commercial real estate, and the fundamentals of real estate investing.
Find it here.
5. Buy It, Rent It, Profit!
This is an in-depth look at how investors can maximise their earnings as a landlord, marketing real estate, dealing with tenants, and covers contracts.
The book describes itself as the go-to entrepreneurial guide for landlords and real estate investors who wish to purchase and manage rental properties for long-term prosperity.
6. The Complete Guide to Property Investment: How to survive & thrive in the new world of buy-to-let
The Complete Guide to Property Investment provides readers with a game plan to successfully negotiate the UK real estate market. The book is aimed at assisting British investors in making a profit on their buy-to-let investment. It covers shifting tax laws and rising costs. The book covers:
- Creating an investment plan
- Financing a real estate investment
- Identifying appropriate investments
- Manage investments, and
- Make the most of the property cycle
Find it here.
6. Property Magic: How to Buy Property Using Other People’s Time, Money and Experience
Readers will discover how to use other investors’ experiences to develop a profitable portfolio. The author is very clear that the goal of the book is to broaden the reader’s perspective so they might consider some of the potential opportunities that are accessible in real estate investment.
The book covers:
- Finding a motivated seller and assisting them
- Accumulating riches by assisting others in resolving their difficulties
- Motivating case studies to demonstrate what is possible.
While the book concentrates on investing in the UK real estate market, one of its features is that it can be applied to any market worldwide.
Find it here.
7. Extraordinary Profits from Ordinary Properties: How to Create the Life of Your Dreams with Just Five Properties
This book covers how investment can lead to long-term financial independence. The idea is to start out by owning assets that create monthly cash flow.
The difference, though, is that the author in this instance discusses how to maximise the value of any item in order to profit the most from it.
The book explains how the tactics function and how they can be implemented.
The assurance that an investor may offer a life-changing income with just five properties, or less, so they can quit their job and pursue their passions, may be the most alluring feature for a real estate developer. You will learn how to create a successful real estate development company in five steps, lay the groundwork for that company, comprehend tax laws and regulations, and more.
Find it here.
8. The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties
With more than 60,000 copies sold, this book is one of the all-time greatest sellers in the category of real estate investment. It has now been updated and altered, and it now teaches readers how to locate a great investment opportunity and then how to fix it up so they can benefit from it.
The author has years of expertise “fixing and flipping” houses. He provides investors with a step-by-step strategy to help them be successful in their first or even subsequent house flipping endeavour. The ins and outs of home flipping, how to finance house flipping, tactics for innovative financing, how to swiftly assess transactions for profitability, which sorts of property are worth investing in, and how to discover the finest investment locations will all be taught to readers.
There is step-by-step instruction on what investors should do to add value and how a restored home can sell quickly and at the greatest potential price in addition to ideas and advice on how to discover an investment property to flip.
Find it here.
10. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!
The Book on Rental Property Investing, written by real estate investor and co-host of the BiggerPockets Podcast Brandon Turner, contains nearly 400 pages of in-depth advice and strategies for building wealth through rental properties. You’ll learn how to build an achievable plan, find incredible deals, pay for your rentals, and much, more more!
Are you thinking about buying an investment property?
If you are thinking about buying a property, you need to make sure you do your homework before you buy. Mistakes made investing in property are very expensive to fix.
We have built Du Val Global to help investors think through the issues which matter when it comes to investing.
Du Val Global
We built Du Val Global, real estate investment software designed to help investors make better investment decisions when they buy property. Our platform provides investors with the real estate investment tools to help with critical decision-making, including
- Research – access to powerful property analysis provides real-time market research, allowing
landlords to have a complete picture of tenant economics, prevailing
rents, and capital values - Financial Analysis – a property investment tool that investors can use to create financial models to determine net return after tax and return on investment. Investors can understand specific tax implications. Our property comparison tool allows investors to compare investments on an after-tax basis to determine the best investment for them. Investors can even compare properties in different countries
- Du Val Dynamic Pricing™ – Du Val Global offers a range of properties for sale from leading developers in Australia, New Zealand, and the United Kingdom via its proprietary Du Val Dynamic Pricing™ algorithm. This sophisticated pricing model levels the playing field for small investors through aggregation, providing discounts of between 7.5% and 15% from retail prices, which, until now, have only been available to large institutional investors.
- Portfolio Management – a property portfolio planning tool investors can use to monitor and track the performance of their investments.
Interested in giving our platform a go? Start your free trial today at Du Val Global.
