Best Books for Those Looking to Invest in Property

Investing in real estate may seem like something that is reserved for those who have amassed disposable wealth. But in reality, anybody can invest in some kind of real estate, even with just a small down payment. With the right research and preparation, you can invest in this growing market and reap the benefits. Indeed, now may be a good time to invest in real estate since home sales have surged to 8.6% in October 2021 according to Bloomberg. This was the biggest increase since July 2020 when Canada first began to emerge from the pandemic lockdown. 

If you’re looking to diversify your investments and grow your portfolio, then reading up and being well-versed in real estate investing is your best bet. Here are three books on real estate that are worth taking a look at as you begin your real estate investment journey:

The Millionaire Real Estate Investor 

Not everybody has a million spare dollars they can just spend on real estate, and this is a challenge that the book addresses. In The Millionaire Real Estate Investor, author Gary Keller collects tips and tricks from 100 millionaire real estate investors to create a guide for building wealth through property investing.

This book covers a lot, from discussing the biggest myths about money and investing to finding the most profitable real estate opportunities. The strategies and techniques that Keller provides are not only for the rich. They break down millionaires' advice into principles for the everyday person. It's a great way to put things into perspective and nudge you onto the right path.

The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing

Investing in a property is a great way to find financial freedom, but it takes an achievable plan to actually get there. Whether you are just getting started or already own several properties, you should be able to analyze properties, know how to find the right deals, and strategize to build a significant cash flow from your investment.

The Book on Rental Property Investing by Brandon Turner covers why many real estate investors fail and how to avoid the same result, easy-to-follow strategies, and actionable ideas for financing rentals. It also gives readers advice on how to keep their wealth by deferring and eliminating taxes as well as creative tips for finding good deals in competitive markets. If you’re looking for a no-nonsense approach to investing in real estate, then this book is for you.

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Real Estate Investing For Canadians For Dummies

Any well-balanced investment portfolio will have a real estate component. In Real Estate Investing for Canadians for Dummies, you get a comprehensive look at investing in real estate in Canada. It will teach you how to navigate and assess properties on the market. For instance, mortgage rates in Toronto are the lowest they have been in some time, dropping to just 1.6%. The book provides real-life examples that you can apply to situations like this. You can also learn about investigating properties, interest rates, how to secure financing, and knowing when to sell from a balanced perspective.

This book is especially useful for millennial investors so they can realize that they can be players in the real estate market, too. It teaches readers how to research, analyze, and manage potential properties using new mobile tools. You’ll also learn how the real estate market goes through cycles and changes that will affect your decision-making.

Whichever book on this list you choose to help guide your real estate investment preparation, it’s important to understand that you'll still need to put in the work after gaining the knowledge.

Exclusively submitted to mortgagesandbox.com

Submitted by: JBadley