The Real Estate Market Analysis Book contains a wealth of statistics that provide a definitive analysis of the current state of the real estate market in a given area. This thorough analysis can help home buyers, sellers, and businesses understand how to adjust their strategy for succeeding in this constantly changing industry. The information is presented in an easy-to-understand format with charts, graphs, and tables.
The real estate market analysis book is a great companion to go along with the real estate market forecast for 2018. The real estate market forecast is the process of determining whether real estate will likely increase or decrease in value. If there is a high chance that the real estate will increase in value, then it is more worthwhile to purchase the property. However, if there’s a low chance that you’ll see an increase in real estate value, then it’s probably not worth it to purchase the property.
The Book On Investing In Real Estate
Most beginners think that you need a lot of capital to get into real estate investing. The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner will teach you how to get into real estate investing with very little money. The strategies taught in this book are the same strategies I implemented to launch my real estate investing career when I had very little money of my own to invest. – Ben Grise, InvestWithBen.com
One Rental At A Time
One Rental At A Time: The Journey to Financial Independence through Real Estate by Michael Zuber is a solid read for those looking to begin building a real estate portfolio. Zuber’s book equates real estate investing with a Chinese proverb, “The best time to plant a tree was 20 years ago. The second best is now.” – Gary Beasley, Roofstock
The Book On Estimating Rehab Costs
I would say read The Book on Estimating Rehab Costs: The Investor’s Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs by J. Scott. There are tons of great books out there on real estate investing, but a lot of them gloss over estimating the true cost. Every property is different and can come with surprises, so having a well-rounded knowledge on the costs of investing in a property can be the make-or-break difference. – Bill Lyons, Griffin Funding, Greendoor, & Revestor
Rich Dad Poor Dad
The best book for beginners is Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki. This book offers a broad but specific understanding of the basics of personal finance and investing, since most of the population is not financially literate—including first-time real estate investors. This book will give you the foundational understanding to get more educated before investing in your first deal. – Collin McDowell, Greg Garrett Realty.com
The Entrepreneur Mind
Beginning real estate investors read all the books, articles and blogs they can find about real estate investing. However, what many don’t realize is that real estate investing—even if it’s just their first property—is building a business. The Entrepreneur Mind: 100 Essential Beliefs, Characteristics, and Habits of Elite Entrepreneurs by Kevin D. Johnson is useful for aspiring investors to develop the right entrepreneurial mindset to “get it right.” – Julien Leclair-Dionne, HomeFluent
How To Win Friends And Influence People
Read How to Win Friends & Influence People by Dale Carnegie. As the adage goes, “Real estate is a relationship business.” In a business that operates on a foundation of relationships, a new investor will need the confidence to put themselves out there, each and every day. An investor can have all the technical acumen in the world, but if they can’t clearly communicate their ideas, they will have limited success in real estate investing. – Spencer Hilligoss, Madison Investing
The E Myth
Real estate investing isn’t that complicated and there are many good sources of information. What most people starting out don’t understand is that they are starting a business. And there are a lot of things about business that have nothing to do with real estate. The E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael Gerber is an excellent book to help new entrepreneurs understand the difference between a business and job. – Jeremy Brandt, Fast Home Offer
Emotional Intelligence
Real estate can often involve one of the biggest decisions a person will make in their personal (residential real estate) or professional (commercial real estate) lives, or at least one of the most capital-intensive decisions. That level of decision making is a recipe for irrational behavior and emotional impact on logical moves. Emotional Intelligence: Why It Can Matter More Than IQ by Daniel Goleman will prepare not only you, but also your clients! – Bryan McLaren, Zoned Properties Inc.
The Richest Man in Babylon
But my first pick is The Richest Man in Babylon. And again, this is the original edition that I’m referring to, not the edited or revised edition for the 21st century. Get the original text. The Richest Man in Babylon is based on Babylonian parables, and it has been hailed as the greatest of all inspirational works on the subject of thrift and financial planning, and personal wealth in simple language, these fascinating and informative stories in the book set you on a sure path to prosperity and it’s accompanying joy.
So these are just great stories. It’s not really a how-to book. It’s more of a storybook than anything else, but it is a celebrated bestseller. And it often offers an understanding and a solution to most people’s personal financial problems, whether they know it or not, it identifies what your problems are, but revealed inside of the book are the secrets to acquiring money, keeping the money, and making money, earn more money for you, which really parallels perfectly with what I talk about all the time.
And that is the three categories, buckets, or areas of creating wealth. And that makes money, grow your money and protect your money. So anyway, stick to the original edition. It is the original uncensored version of the book, the language of the content, and the message from the author. George S Clason, I believe that’s how you pronounce his last name.
High Performance Habits
My third book pick here is from Brendon Burchard, someone who I had on the show, not too long ago, I think it was about a year, year, and a half ago. Great guy. In fact, our interview went so long. I had to split that episode into two parts. So you could look for that episode. And I believe it was called High-Performance Habits, which happens to be about the book that he wrote.
One of his last books is called High Performance Habits. How extraordinary people become that way. So 20 years ago, or so Brendan became obsessed with answering three questions. He wanted to know why do some individuals and teams succeed quickly more quickly than others, and actually sustain that success over the longterm. You wanted to find out of those people who actually pull it off, why are some miserable?
And then the other group are consistently happy on their journey. And thirdly, you wanted to know what motivates people to reach for higher levels of success in the first place. And then what practices help them improve the most. So after doing some extensive, original research that he does in his own company, and after a decade, as the world’s leading high performance, coach Brandon found the answers to these three questions.
And it turns out that just six deliberate habits give you that edge. Now he says that anyone can practice these habits. And when they do extraordinary things happen in their lives, in their relationships, in their careers, it really is a good book. It is definitely well worth reading regardless of what you do in terms of your job or career, business, or practice. It really is a book on becoming a high performer. And to become a high performer, you must seek clarity.
Clarity is so critically important. You have to know how to generate energy. You have to know how to raise necessity, increase your productivity, develop influence, and then lastly demonstrate courage. And this is what he talks about in the book. So it’s really the art and the science of how to do it all. And that’s what you’re going to learn by reading this book or listening to the audio.
So those are my three picks and believe me in this category about mindset, literally, there are over a thousand books. I mean, there is so much out there from Brian, Tracy to Tony Robbins and you name it. But these three are, I think very, very fundamental. In fact, I would argue that they are cornerstone books, The Richest Man in Babylon, The Compound Effect, and High-Performance Habits will improve and change your life. Okay. That’s the first category.
The second category is finance and investing. And again, this is one of those sections where there are literally hundreds of books. And again, it’s hard to narrow it down, but it wasn’t too hard for me to pick. What I feel are probably the three cornerstone books, regardless of how experienced you are how much, you know, or how seasoned you are, or how wealthy you are.
Because the fundamentals and the principles found in these three next books are great as a refresher. I’m sure you’re going to read it. And there are things that you never knew before, and it’s just great additional knowledge.
The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss
By Ken McElroy
I like this book because it really breaks everything down for the total beginner.
A lot of books have a ton of information, but if they can’t give that information in an easy to read fashion for the total newbie, then it’s really a waste of money. This book fixes that problem.
It’s highly rated, is written by Ken McElroy who worked with Robert Kiyosaki, and is full of knowledge.
You’ll cover a ton of different topics in this book. From finding property with true potential to negotiating deals, the fundamentals are all in here.
Additionally, you’ll work through some of the mental barriers that hold you back when just getting started, and understanding how wealth and cash flow can be achieved through real estate.
You’ll also learn about some management tools to help keep your time free so you can focus on earning more, rather than on being dragged into the daily operations of your real estate portfolio.
Conclusion
Real Estate investing is a great way for you to make money and build wealth. With the right strategy and team, you can do it. However, not everyone is on the same page as we speak. What we mean by that is the mindset on how todo real estate market analysis at first hand.