When I speak at events, I’m oftentimes asked, “What’s the first thing I should do to become a successful real estate investor?”
My answer is always the same. Educate yourself!
I’ve seen far too many people jump into real estate investment without proper education, get overwhelmed, and give up before they can really even get started. When you have a strong foundation, you will be able to not only build your investment portfolio, but grow it consistently, as well.
If you’re looking for some holiday reading, I’ve compiled a list of the top 10 real estate investment books I think everyone should read.
1. Making Money out of Property in South Africa by Jason Lee
This is the most detailed book on the market when it comes to South Africa-specific real estate investment. Lee has been a property investor and advisor for nearly two decades and shares his wealth of knowledge in this step-by-step investment guide.
2. The Real Book of Real Estate by Robert Kiyosaki
If you know anything about real estate, then you’ve heard of Robert Kiyosaki. In this book, Kiyosaki teams up with 20 leading real estate investors to create a complete real estate investment bible. It covers everything from finding your real estate niche to valuing a property and getting it financed.
3. Commercial Real Estate Investing by Dolf de Roos
Property investor Dolf de Roos is a legend in South Africa. In this book, he tells you all about how to successfully invest in commercial real estate. He delves into topics like finding the right sector to invest in, how to finance large investments, tips to avoid vacancies and how to take advantage of tax breaks.
4. The Richest Man in Babylon by George S. Clason
People around the world hail this book as a modern day classic. Clason’s best-selling novel unpacks the complex topic of using your money to make you more money. As a real estate investor, this is the key to building wealth. This short read uses mini stories to successfully teach you how to be smart with your money.
5. Building Wealth One House at a Time by John Schaub
John Schaub’s extremely popular book is regarded as the “essential guide to real estate investing.” It’s the perfect book to read right now, as it talks about how to invest in real estate on the tail end of a recession. Schaub uses a simple 9-step method to teach readers how to make one million dollars in profit from real estate without accumulating any debt. This book will teach you everything you need to know about financing investments without help from a bank and profiting from real estate cycles.
6. 10 Simple Steps to Property Wealth by Jason Lee
Another book by investor Jason Lee, this book details how to build wealth from property investment in just 10 steps. It is an honest account of real estate investing, including both the good and the bad. Most importantly, the book details who to invest in property when the market is unstable.
7. Financial Freedom Through Property: A Step-by-Step Guide to Wealth Creation by Laurens Boel
This book is a must for first-time investors. Property investing coach Laurens Boel wrote this easy-to-follow guide using simple language to break down complex investment concepts. It will show you the exact steps to take to invest in your first property without using any of your own funds.
8. Recession-Proof Real Estate Investing by J Scott
Given the economic turmoil that has been 2020, this book is an absolute must-read for all real estate investors. Whether you’re just starting to build a portfolio or you've been in the real estate game for quite some time now, Scott’s book can transform your career. It discusses how certain real estate investors were able to grow their career amidst the 2008 Great Recession and gives a handful of tips you can replicate today.
9. The Investment Property Toolkit for South Africans by Kashan Maharaj
This book is exactly what it claims to be. If you’re a South African real estate investor, you need to add this book to your library. Maharaj is a property expert and covers a wide variety of topics in his book including how to flip houses, how to think rich and how to develop a solid investment strategy.
10. How to Invest in Real Estate with No Money by Ezra Rasethe
This ebook was written and published by yours truly. It demonstrates the tips I used to invest in real estate with no money down, as well as 13 proven strategies for creative financing. When you purchase the ebook, you also get a FREE 30-minute mentorship call! Grab your copy here!
For serious investors only: Check out my guide to calculating your ROI. In this guide, I explain my two foolproof methods to calculating your ROI for investment properties.
Bonus: TPN Property Report Kit
While this report kit isn’t necessarily a book, it had to be included in this list. TPN is an invaluable resource if you’re a real estate investor. They offer case studies, blog articles and reports all designed for real estate investors. This report kit contains everything an investor could need including property valuation reports, estate reports and investor reports.
The books on this reading list are suited for everyone from beginner investors to experts. Whether you need to learn the basics of property investment or just want some tips, there’s something on this reading list that can help get the job done.
Now, if you’re ready to make major moves with your real estate investment career, you have to check this out
At the end of September, I hosted South Africa’s largest Virtual Real Estate Summit along with several real estate and PropTech experts. We taught hundreds how to close deals, find investors, structure and grow their portfolios, digitalise their real estate businesses and much more.
If you missed the event, you’re in luck. All of the sessions were recorded so you can still get access to this life-changing summit! Tickets for this event cost a whopping R5078, but we are offering an unbelievable 80% discount for Black Friday.
The sale ends tonight and you don’t want to miss out on our lowest price ever. Tickets are on sale for less than R1000 and include:
Sessions on topics like: structuring your investment portfolio, digitalising your business, protecting your business from a pandemic, post-COVID 19 tips and online real estate investment finance
Access to the exclusive Facebook group so you can network with other investors
R15,000+ worth of FREE templates
How-to videos for popular PropTech tools (such as TPN’s online tenant monitoring system and property analytics portal)