Best Books For Real Estate Agents
You must have heard of passive income streams everywhere nowadays and that more people are showing interest in real estate. Although this isn’t a new phenomenon, the increasing competition is making it difficult to sail through and find success. Also investing in real estate is a daunting process and the entry bar is always set high.
Real estate is a business and if you wish to find success as a realtor, there are certain principles to understand. These include understanding your business prospects, how to market yourself, how to reach your target audience, and finally, how you can build a business. In this guide, we have included the top 5 books that will help in personal development which will also have a positive effect in building your business.
LIST OF TOP BOOKS FOR REAL ESTATE AGENTS
The best books are meant to inspire and motivate you to taste success regardless of where you are in the real estate journey. Here we have handpicked books that share efficient tactics and offer expert advice on various ways of connecting with clients.
Most importantly, these books will teach you how to better your job prospects through simple day-to-day processes. If you want to get insights from authors who have learned from their own experiences, read on…
1. THE BOOK ON RENTAL PROPERTY INVESTING
One of the best books on real estate is The Book on Rental Property Investing by Brandon Turner boasts of every tool, tip, and strategy required for success. He runs the BiggerPockets podcast and has been an enthusiastic real estate investor himself. It’s loaded with tons of actionable strategies and information to smoothen your journey toward success.
It was published in 2015 and covers all the critical aspects such as ways of rental property success, creating your team of real estate, monitoring rental properties, the process of diligence, financing deals, and closing and managing your rentals as well. Brandon Turner has also furnished four sample plans to depict how one can adopt multiple ways to reach the target.
2. HOW TO INVEST IN REAL ESTATE
This is the perfect book for those who are trying to measure the depths of real estate. Joshua Dorkin and Brandon Turner published this book for beginner real estate agents in 2018 where they included some easily comprehensive strategies such as wholesaling, flipping, turnkey, short-term rentals, and house hacking.
This book serves as a feasible starting point for beginners and shows how you can invest while working as a full-time employee or even when you have bad credit. According to expert reviewers ??How to Invest in Real Estate’ makes real estate investment easy and approachable for people with no prior knowledge. Even if you have gathered some experience in the field, this book can be an informative read.
3. ABCS OF REAL ESTATE INVESTING
The author of this book, Ken McElroy has gathered incomparable insight on property management and multifamily asset. If you are looking for a book that shows the various nuances of multifamily properties, then this 2004 book is an apt choice. It will help you trace your ideal market, evaluate the potential scope of investment, set up target property parameters, make offers, negotiate deals, and perform your due diligence. Above all, armed by ABCs of Real Estate Investing, you can enhance the profit potential of your property.
Like most books on real estate investments, this one also talks about the significance of creating your team and how you might mess up everything if you try to do everything by yourself. According to the author, a successful real estate agent requires a business team comprising an accountant and attorney along with a property search team that consists of a property managed and real estate broker. As the book primarily deals with multifamily properties, it’s understandable that it talks about the benefits of having a large team on board.
4. THE BOOK ON FLIPPING HOUSES
As the name suggests, The Book on Flipping Houses is dedicated to real estate agents whose area of interest is flipping properties. Flipping properties is a credible means for tons of present and future real estate agents. But what most people don’t realize is that this area of real estate agency works mostly on up-front knowledge.
J Scott, the author of the book, is a multifamily investor having over $130 million worth of assets under management. He offers his formula for all to become well-versed in flipping properties. In the revised edition of the book, published in 2019, the author talks about all sorts of potential issues that real estate agents might face in flipping properties. The book also offers reliable guidance on risk reduction and finding red flags ahead of time.
5. LONG-DISTANCE REAL ESTATE INVESTING
Needless to say that real estate is a fabulous way of wealth creation. But what would happen if you hail from a market in which real estate investing doesn’t work financially? This book titled, Long Distance Real Estate Investing shows how the rules, markets, and technology are changing in congruence with the needs of out-of-state real estate investments. As a result, you can find investors worldwide when you learn the various ways of building your market nationwide.
In this book, you will find a detailed outline of how to create your dream, comprehend your target market, and enhance your ROI while grabbing the best out-of-state deals. He also includes the various challenges of working in long-distance markets and shows various ways of working your way out in receiving samples for renovation, incentivizing the contractor, and deciding the right valuation for upgrades.
FINAL WORDS
Real estate agency is a highly favored way of diversifying investments while reaping the benefits of passive income opportunities. Although there is no need for a degree or diploma course or even some special training to try your hands at a real estate agency, it pays to acquire knowledge from the experiences of the stalwarts in the field. So read these books to set your sail in the journey of real estate agency or refocus your compass if your struggling somewhere in the way.