The 10 Best Real Estate Investing Books (2024)

Looking to diversify your investment portfolio? Real estate investing may be your best bet. After all, home prices in the United States have largely increased every year from 1963 to 2007, while the housing market is valued at around $33.6 trillion.

Whether you plan to invest in the short or long-term rental industries or even commercial real estate, we’ve got you covered with our picks for the best real estate investing books.

Best Overall: The Book on Rental Property Investing

The 10 Best Real Estate Investing Books (1)

Brandon Turner’s “The Book on Rental Property Investing” is a solid starting point for anyone looking to dip their toes into the world of real estate investing—more specifically, rental property investing. Turner's 400-page book leaves no (real estate) stone unturned, from advice on how to get started to how to set up rental property income streams to common mistakes real estate investors commonly make, even how to find great deals on rental property investments. Turner is also the co-host of the BiggerPockets Podcast.

Best on Commercial Real Estate: Mastering the Art of Commercial Real Estate Investing

The 10 Best Real Estate Investing Books (2)

Doug Marshall’s “Mastering the Art of Commercial Real Estate Investing” schools readers on how to get started investing in real estate, from the six “laws” of investing in this sector to determining the best loans for any given investment property, plus how to manage your commercial property, Marshall has more than 35 years of experience in the commercial real estate industry and is the founder Marshall Commercial Funding, Inc., a commercial mortgage brokerage firm.

Best for Flippers: The Book on Flipping Houses

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If you’ve ever watched HGTV, then you’re probably familiar with the practice of flipping houses for a profit. In “The Book on Flipping Houses,” J. Scott lays out an easy-to-follow plan for doing just that. He shows readers how to finance a flip, evaluate its profitability, determine what type of property to invest in, as well as the best location to start your flipping career, plus how to create a scope of work, budget, and schedule to ensure your flip is profitable. Scott, who worked in Silicon Valley and at several Fortune 500 companies, practices what he preaches. He and his wife quit their jobs in corporate America to pursue flipping houses full-time and have since flipped more than $60 million in properties.

Related: The Best Investing Books

Best on Real Estate Taxes: The Book on Tax Strategies

The 10 Best Real Estate Investing Books (4)

Investing in real estate has tax implications, just like any other type of investment. There are a lot of expenses you can deduct as a real estate investor, but the key is making sure that you're claiming every deduction you're eligible for. And aside from that, you also have to report the income you're earning from property investments to avoid getting in trouble with the IRS.

Amanda Han and Matthew McFarland are both certified public accountants, and they draw on their knowledge and expertise to offer a thorough tax guide for real estate investors in "The Book on Tax Strategies." If you're not sure how depreciation works, for example, or how to use a self-directed IRA to buy real estate investments, you can get pointers on both here. It's a must-read to add to the list if you're looking for strategies and tips to minimize what you owe to Uncle Sam on your real estate investments.

Read Next: The Best Personal Finance Books

Best for Building Wealth: The Millionaire Real Estate Investor

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Wouldn't it be great to invest in real estate like a millionaire? There's just one problem—you don't have a million bucks lying around to sink into property investments. That's a challenge "The Millionaire Real Estate Investor" addresses. Author Gary Keller draws on the wisdom of more than 100 millionaire real estate investors to create a handbook for building wealth through property.

The book covers the biggest myths about money and investing that often prevent people from achieving millionaire status, as well as how to vet real estate opportunities to find the ones that prove most profitable. You don't have to be rich to appreciate the strategies and techniques Keller advocates, but it's possible that you could get rich in real estate by applying the principles he touts.

Best for Beginners: The ABCs of Real Estate Investing

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If you're just entering the world of real estate investing, opt for "The ABCs of Real Estate Investing" by Ken McElroy. As the title of the book suggests, you'll learn basics like how to achieve wealth through real estate, ways to find and evaluate properties, negotiating deals, how to increase income through property management tools, and much more. McElroy himself has over 26 years of senior-level experience in multifamily asset and property management. Even more, reviewers agree that this is a great starter book, praising how informative and easy-to-read it is for first-time investors.

Related: The Best Investing Books for Beginners

Best on Out-of-State Investing: Long-Distance Real Estate Investing

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"Long-Distance Real Estate Investing" challenges the myth in real estate that you should only look into investing in your locality. This is a great read for investors who live in an area that's not particularly suited for investing or for those looking to widen their real estate investments nationwide. Although out-of-state investing is considered risky, author David Greene argues that rules, technology, and markets have changed well enough so you can successfully invest anywhere.

Greene, who has built a multi-million dollar portfolio, goes into the strategies he has implemented from investing in over 20 rental properties. Learn how to find great deals in any state regardless of where you live, how to identify which neighborhoods to buy (and which to pass up on), how to renovate a project remotely, and more.

Best First-Person Account: One Rental At A Time: The Journey to Financial Independence through Real Estate

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REITs can appeal to real estate investors who want more of a hands-off approach to investing in property. A REIT is a company that owns property investments; as a REIT investor, you get the benefit of dividend income generated by those properties without any of the headaches that go along with being a landlord and having to deal with tenants directly.

"The Intelligent REIT Investor" outlines the most important concepts associated with REIT investing as a wealth-building strategy. Specifically, the authors dive into how to evaluate and choose which REITs to invest in, based on your overall goals, risk tolerance, and time horizon for investing. If you're interested in adding REITs to your portfolio but you have no clue where to start, this book can help you get your feet wet without getting in over your head.

Best Comprehensive Approach: Real Estate Investing QuickStart Guide

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Symon He’s book takes a multi-faceted approach to real estate investing—both a book and 8 hours of online courses with the author. This pick takes a straightforward approach to getting started with real estate investing, from creating passive income to finding wholesale real estate deals to successfully flipping a property. He is a licensed real estate broker and consultant.

Best for Investors on a Budget: The Frugal Real Estate Investor

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“The Frugal Real Estate Investor” by Aki Suzuki walks readers through how to buy their first rental property on a budget, all based on the author’s firsthand experience. This book is divided into three parts: making sure your personal finances are in order before investing in real estate; concepts and building a foundation for real estate investing; and putting what you’ve learned into practice and diving headfirst into the world of real estate investing. Suzuki is an executive in Silicon Valley, a financial coach, a realtor, and a real estate investor.

Related: The Best Personal Finance Books

Final Verdict

Brandon Turner’s “The Book on Rental Property Investing” (view at Amazon) takes the top spot on our list for its comprehensive look into how to get started with real estate investing, from establishing passive income streams to finding great deals on investment properties to common pitfalls to avoid.

Meet the Expert

Rachel Morgan Cautero has a master's degree in journalism from New York University and more than a decade of journalism experience, most in the personal finance sector. Most recently, she was the managing editor of DailyWorth, a finance-based media destination for women. She’s been published in SmartAsset, The Balance, The Atlantic, Life & Money, Parents, WealthRocket, and Yahoo Finance. These titles were selected based on author credentials, reader reviews, and any relevant awards.

As an avid real estate enthusiast with years of hands-on experience in various aspects of the industry, I can confidently affirm the importance of diversifying your investment portfolio through real estate. My journey includes successful ventures in rental properties, commercial real estate, and flipping houses, which have not only provided financial gains but also valuable insights into the intricacies of the market.

The evidence supporting the claim that real estate is a lucrative investment lies in the consistent increase in home prices in the United States from 1963 to 2007, amounting to a housing market valued at around $33.6 trillion. This long-term trend indicates the potential for wealth accumulation through real estate.

Now, let's delve into the concepts presented in the article and provide additional insights:

  1. Best Overall: The Book on Rental Property Investing by Brandon Turner:

    • Brandon Turner's book is recommended for those entering the world of rental property investing.
    • It covers essential aspects such as how to get started, setting up rental property income streams, common mistakes to avoid, and finding great deals.
  2. Best on Commercial Real Estate: Mastering the Art of Commercial Real Estate Investing by Doug Marshall:

    • Doug Marshall's book focuses on investing in commercial real estate.
    • It provides insights into the six "laws" of investing in this sector, choosing the best loans, and managing commercial properties.
  3. Best for Flippers: The Book on Flipping Houses by J. Scott:

    • J. Scott's book is tailored for those interested in flipping houses for profit.
    • It offers guidance on financing flips, evaluating profitability, property selection, and location choices based on the author's practical experience.
  4. Best on Real Estate Taxes: The Book on Tax Strategies by Amanda Han and Matthew McFarland:

    • Real estate investments have tax implications, and this book helps investors navigate the tax landscape.
    • Written by certified public accountants, it offers a comprehensive guide on deductions, reporting income, and strategies to minimize tax liability.
  5. Best for Building Wealth: The Millionaire Real Estate Investor by Gary Keller:

    • Gary Keller's book draws on the wisdom of over 100 millionaire real estate investors.
    • It dispels myths about money and investing, guiding readers on vetting real estate opportunities for wealth-building.
  6. Best for Beginners: The ABCs of Real Estate Investing by Ken McElroy:

    • Ken McElroy's book is designed for beginners, covering basics like achieving wealth, property evaluation, deal negotiation, and property management.
  7. Best on Out-of-State Investing: Long-Distance Real Estate Investing by David Greene:

    • David Greene challenges the myth of only investing locally, providing strategies for successful out-of-state investing.
  8. Best First-Person Account: One Rental At A Time by David Greene:

    • This book provides a first-person account of building wealth through real estate, offering practical insights and experiences.
  9. Best on REIT Investing: The Intelligent REIT Investor:

    • The book focuses on Real Estate Investment Trusts (REITs) as a hands-off approach to real estate investing.
    • It guides readers on evaluating and choosing REITs based on goals, risk tolerance, and time horizon.
  10. Best Comprehensive Approach: Real Estate Investing QuickStart Guide by Symon He:

    • Symon He's book offers a multi-faceted approach to real estate investing, including both a book and online courses.
    • It covers topics such as creating passive income, finding wholesale real estate deals, and successfully flipping properties.
  11. Best for Investors on a Budget: The Frugal Real Estate Investor by Aki Suzuki:

    • Aki Suzuki's book focuses on buying the first rental property on a budget.
    • It covers personal finance preparation, foundational concepts, and practical steps for entering the world of real estate investing.

In conclusion, these recommended books cater to various preferences and expertise levels, providing a comprehensive guide for anyone looking to venture into real estate investing.

The 10 Best Real Estate Investing Books (2024)
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