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What are the Best Books for Real Estate Investing?

This week, Chandler Bolt, the author of Published: the Proven Path From Blank Page to 10,000 Copes Sold, joined us on the podcast to talk about the benefits of becoming a published author ,and his system for writing and publishing.

He said, “A book is the new business card. I think a book is better than a business card. Because if you give someone a business card, they're probably going to throw it away within 24 hours, but you give them a book, they're gonna hold on to it.”

So, writing a book can be a way for syndicators to build a platform and generate leads, but what about reading books?

How can books help you on your path of passive real estate investing?

Taking your education into your own hands is of vital importance.

As you learn about real estate investing, attend networking events, talk to other people in the industry, you need to tap into the wealth of resource that exist. The people who have already gone where you want to go are sharing their wisdom through podcasts, books, and audiobooks.

Here are my top suggestions for books to read right now to further your education:

Rich Dad, Poor Dad by Robert Kiyosaki

We have to start here, right?

You've probably read it and it probably made a huge impact on your life, which is probably why you're reading this right now.

You're thinking, “Oh, passive income, financial independence, real estate. great!”

Well, let me tell you, this book really ruined my life, because when you read it, you get this bug in your ear about financial independence, real estate, and cash flow business.

But the books doesn't actually tell you how to achieve passive income. It doesn't give you the actual strategy to get there and this is super frustrating because when you read this book, you immediately start thinking about flipping houses or land lording single family houses.I ended up flipping three dozen houses before I figured out I would never get to financial freedom flipping.

I’ve had the chance to interview so many successful real estate investors who are all financially free and basically none of them – maybe one of 150 – did it with single family houses. But many of them started in single family because they read Rich Dad, Poor Dad. I wish this book, the Purple Book as we call it had an addendum – the Yellow Book – our book Financial Freedom With Real Estate Investing.

More on that later. Now, on to the rest of my list…

The Miracle Morning by Hal Elrod

I actually have two of Hal Elrod’s books on my list of favorites and the first is The Miracle Morning.

Basically, this book outlines what you do when you get up in the morning.

The Miracle Morning has made a huge difference for me in the last several years. Hal describes what to do in the first 60-minutes of the day: Spend time in silence visualizing, praying, meditating, writing, reading, and he explains what that might look like.

This practice has created a lot of clarity for me and that’s important because now you know what you don’t want, you know what you do want, AND – you know how to get there.

The morning routine described in The Miracle Morning is absolutely game-changing.

The Miracle Equation by Hal Elrod

The second of Hal’s books that I highly recommend is The Miracle Equation.

Hal discovered a formula for goal setting success and shared it in this book, which redefines how to set goals. When you set goals using this method, you can never fail again.

I love this approach.

We’re taught to set goals with a very specific measurable outcome and timeline, and that’s fine, but what happens if the deadline comes and goes?

Missed goals turn into frustration, anger, or depression.

What Hal argues is that instead of setting a deadline, you should commit to an outcome. In other words, you will do whatever it takes until that outcome is achieved. No matter what.

Like so many of Hal’s books, his advice is super actionable and it’s easy to convert into my own life.

Therefore, it’s a great second act to The Miracle Morning.

The ONE Thing by Gary Keller

The next book on my list of favorites is The ONE Thing by Gary Keller.

This book postulates on the one thing you could achieve that would make everything else in your life easier or even unnecessary.

It really helps you boil down what’s important to you.

Gary talks about how to schedule and block off your time so that you can actually make progress towards what is really important to you. He focuses on how you can achieve that one, most important thing.

Of course, I can’t list my favorite books without mentioning my own:

Financial Freedom With Real Estate Investing

You can get a copy on Amazon, or download it in your Kindle to start reading right away.

I talk about how you can become financially free with real estate, which, as I mentioned, may not be in the way that you think – with single-family houses, where most people usually start and then quietly quit their jobs.

In this book, I share with you how you can get started with apartment buildings even if you have no experience or none of your own cash.

I also go into the closing process and give you really good insight into multifamily investing.

And that's why it's here, on my list of books I think you should go read right now!