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5 Must-Read Books for Beginning Real Estate Investors in Lewisville

Lewisville Real Estate Investor Reading an Informative BookThere are so many things that rental real estate investors need to understand well in order to be triumphant. In case you are just getting started as an investor, the learning curve can seem relatively steep. Along with the general principles and strategies of rental real estate investing, you will need an in-depth knowledge of financing. You should also learn how to find and negotiate deals, how to evaluate properties while learning about legal and contract issues, property management best practices, and more.

One of the great ways to obtain these educational building blocks is to study some of the industry’s must-read books. While there are many such books to choose from, if you start with just the top 5, you will be well on your way to a good knowledge base.

1. Building Wealth One House at a Time by John Schaub

John Schaub has disclosed vital investing strategies and advice for over four decades in his book. It is one of the introductory books any rental real estate investor should read. In a down-to-earth style, Schaub covers the general principles and strategies of real estate investing, financing, the basics of deal analysis, and much more. To get a solid grasp on the fundamentals, you really can’t find anything that’s better than Building Wealth.

2. What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli

If you are keen on investing in rental real estate, you’ll want to be able to crunch the numbers. Your long-term success depends on it. That is why Frank Gallinelli’s book is another must-read for new investors. It covers deal analysis, financing, and even provides Excel spreadsheets and formulas you can actually use. When you are prepared for a more in-depth study of cash flow, this is the book you need.

3. Every Landlord’s Legal Guide by Marcia Stewart, Ralph Warner, & Janet Portman

Investing in real estate has a strong legal element to it, which makes learning the basics of landlord-tenant law very important. What authors Marcia Stewart, Ralph Warner, and Janet Portman have created is the go-to reference guide for all the legal issues that landlords face. From contracts to security deposits, evictions to hiring a lawyer, this comprehensive book is a must-read for every real estate investor.

4. Recession-Proof Real Estate Investing by J. Scott

Even though rental real estate is far more recession-resistant than the stock market, as J. Scott points out, there are still principles and strategies that investors need to know to keep their investments safe from economic downturns. Although the lessons in the book were written after the recession of 2008, they certainly still apply today. After reading Scott’s book, you will be able to invest in rental properties with a detailed knowledge of economic shifts, why they happen, and how to survive a recession.

5. Retire Early with Real Estate by Chad Carson

The last book on our list is one that is part investing advice and part personal finance guide. This guide is key because, as a rental real estate investor, your success depends on having clearly defined goals. Soon after finishing Chad Carson’s book, you will know how to realistically retire in 10 to 15 years. With actionable, step-by-step information, real-world case studies, and accessible strategies, Carson’s book should be one of the first ones you read as a new investor.

Once you are ready to engage in investing and secure your first properties. Make sure you team up with the best property management business around. Contact us online or call us at 940-323-0505 today.

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