Rental property investing can both be challenging and rewarding at the same time. If you want to reap the benefits of rental property investing, you will need knowledge of leasing, mortgage loans, tenant and landlord relationships, and property management. Below we are sharing the list of 7 best rental property investing books that help you make profitable rental property investments.
The List of 7 Best Rental Property Investing Books
Below we listed the 7 best rental property investing books that help you find the best deals, the right market for investing, manage properties and tenants, bookkeeping and filing taxes, manage cash deficiencies, and more.
1. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing By Brandon Turner
Rental property investing can be a fast and safe way to financial freedom. This book offers practical strategies that real estate investors use worldwide to generate significant cash flow with rental properties. The author Brandon Turner is an active real estate investor and in this book, he shares how he builds his own wealth in real estate by using proven strategies. Whether you are a beginner or already own hundreds of units, you will learn how to create an achievable plan, find incredible deals, analyze properties, build a team, finance rentals, defer taxes, and so on.
2. Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple By David M Greene
Real estate investors followed the conventional method to build their wealth i.e. slowly saving money and sacrificing current happiness for a future reward. But there is a faster way to do that in years instead of decades. Buy, Rehab, Rent, Refinance, Repeat is the five-part BRRRR real estate investing strategy that increases your wealth more quickly than ever. In this method, you buy a rental property under market value, add more value through renovation, rent it out, complete a cash-out refinance, and then repeat the process again. Author David Greene used this exact method to scale up his real estate business. This book also provides suggestions on how to start with limited capital, how to find out target properties locally and all over the country, how to find out emerging markets, and many more.
3. Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties By David M Greene
Real estate investment is not profitable in every market. Some locations provide better returns than others. Out-of-state investment has been traditionally considered risky and unwise. But the situations have changed due to changes in rules, technology, and markets. In this book, the author David Greene shares his in-depth strategies to build profitable rental portfolios through buying, managing, and flipping out-of-state properties. The book helps build long-distance relationships with your team, predict any coming shifts in the market, and find the best deals.
4. Investing in Rental Properties for Beginners: Buy Low, Rent High By Lisa Phillips
This book helps you invest in rental properties for under $30,000 to $50,000. You do not have to buy hundreds of properties or invest in overly priced properties. You will need only 2 to 5 properties to reap benefits from real estate investments. The book makes rental property investment fun, easy, stress-free, and affordable. The best way to build a rental portfolio is to buy units in middle-class neighborhoods that offer really high rents. This book also helps you find the right market for your budget, low-cost properties, and the best deals.
5. Build a Rental Property Empire: The no-nonsense book on finding deals, financing the right way, and managing wisely. (InvestFourMore Investor Series) By Mark Ferguson
This book provides all the details about rental property investing. You will find advice on how to finance, find, analyze, manage, and even sell rental properties. It solves all the problems regarding how to find the right market and right properties, and how to buy with cash limitations. The author Mark Ferguson is a successful rental property owner, house flipper, and real estate broker. In this book, he shares his real experiences instead of theories. You will also find information about the risks of real estate investment, finding great deals, exit strategies, and more.
6. The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits By Brandon Turner
If you do not manage your rental properties effectively, you could lose everything even if you find great deals. This book teaches you how to effectively manage your tenants with more freedom and less stress while boosting your profit at the same time. It will change your thinking about rental property management through the personal success and failure stories of Turners’. You will also find information on how to attract the best tenants spending little, which tenants to avoid, provisions to include in the rental lease, bookkeeping and taxes, and more.
7. Rich Dad Advisors: ABC’S of Buying a Rental Property: How You Can Achieve Financial Freedom in Five Years By Ken McElroy
Rental property investing is one of the fastest ways to gain the financial freedom that many Americans dream of. This book teaches how to secure investment money, find the right market and property, handle record keeping and file taxes, and build your real estate investment portfolio.
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Conclusion
Rental property investing can be one of the quickest ways to gain wealth. However, one needs to be cautious about finding the right deals, favorable markets, managing properties, and so on. We provided the list of the 7 best rental property investing books that help rental property investors learn the proper ways to venture into real estate investments.