Rental property is an amazing way to invest.
…and it’s definitely better than house flipping.
House flipping is about a quick sell and making a bunch of money quickly. The problem comes from the constant grind required to find deals, fix them up, and sell them.
Rental property is about creating a lifetime of passive income. You can quit your job, retire, and enjoy life.
This is a list of the best books on rental property.
By Brandon Turner
In The Book on Rental Property Investing, real estate investor and co-host of the BiggerPockets Podcast Brandon Turner has one goal in mind: to give you every strategy, tool, tip, and technique needed to become a millionaire rental property investor―while helping you avoid the junk that pulls down so many wannabes!
Written for both new and experienced investors, this book will impart years of experience through the informative and entertaining lessons contained within. You’ll find practical, up-to-date, exciting strategies that investors across the world are using to build wealth and significant cash flow through rental properties.
By Brandon Turner
No matter how great you are at finding good rental property deals, you could lose everything if you don’t manage your properties correctly!
But being a landlord doesn’t have to mean middle-of-the-night phone calls, costly evictions, or daily frustrations with ungrateful tenants. Being a landlord can actually be fun IF you do it right.
That’s why Brandon and Heather Turner put together this comprehensive book that will change the way you think of being a landlord forever. Written with both new and experienced landlords in mind, The Book on Managing Rental Properties takes you on an insider tour of the Turners’ management business, so you can discover exactly how they’ve been able to maximize their profit, minimize their stress, and have a blast doing it!
Inside, you’ll discover:
By Mark Ferguson
This book is not full of theories and made up stories. It contains real-world case studies and information on investing from an investor actively investing in today’s market and is relevant in 2018.
Here are just a few of the topics covered:
By Dustin Heiner
The problem that affects almost everyone today is being stuck in a career they hate. People are conditioned to work their lives away for someone else and only get paid for the hour they work.
How to Quit Your Job with Rental Properties is written by Dustin Heiner, an active real estate investor who has created enough passive income to quit his job. He is the author of the popular passive income idea website www.MasterPassiveIncome.com.
This book contains step-by-step training to help you acquire rental properties to allow you to quit your job and be financially free so you will never have to work again. Designed for the newbie or seasoned pro, anyone will learn how they can earn passive income from rental properties and quit their job.
By Janet Portman
Do you own a house you’d like to rent out rather than sell? It’s a common scenario in today’s market, especially if you’ve inherited a house, are moving to another home, or are buying an investment property. And it may mean you’re about to be a first-time landlord. Follow the advice in this book to ease into your new role and earn substantial profits while avoiding costly mistakes.
The 4th edition is updated to cover the latest laws and practices affecting first-time landlords of single-family homes.
Includes samples of forms every new landlord needs, including a rental application and budget worksheet.
By Stephen Fishman
Rental real estate provides more tax benefits than almost any other investment. Whether you own a ten-unit rental apartment building or rent a room in your home through Airbnb, you need to know about all the valuable deductions you are entitled to take as a landlord. Every Landlord’s Tax Deduction Guide is the only book that focuses exclusively on IRS rules and deductions for landlords.
With this book, you will learn about:
The book also covers landlord tax classifications, reporting rental income, hiring workers, and deducting rental losses.
Filled with practical advice and real-world examples, Every Landlord’s Tax Deduction Guide will save you money by making sure you owe less to the IRS at tax time.
This edition is updated and revised to cover tax rules for Airbnb-type rentals.
The wealthy diversify their streams of income. They invest in stocks, bonds, real estate, technology, etc.
Rental property is one of the most lucrative investments. In fact, a huge percent of millionaires invest heavily in real estate.
They aren’t doing this by flipping property, their time is way too valuable for that. Instead, they are buying rental property.
There are 5 key reasons to invest in rental property:
This money comes in every month. Month after month it’s there for you.
Sure, there is some vacancy, but you build that cost into your numbers. Also, as you get more property, the vacancy becomes almost a constant thing that is easily planned for and accounted for.
The tax benefits are definitely one of the biggest reasons to invest in rental property.
Basically, your property will “depreciate” according to the IRS until it has no value in 27.5 years. So, every year you get to deduct a major portion of the value of the building from your income.
This is literally the definition of a tax shelter because the asset isn’t truly depreciation. It’s probably appreciating.
Over time, your tenants are paying down the mortgage on your rental property. So, not only is the value increasing, but the debt is decreasing. You get to pocket this spread.
The best part is how someone else is paying for it.
This is like icing on the cake. You invest for the cash flow, but over time the rental property will most likely appreciate at or above the rate of inflation.
If you are investing in a growing market, your property may appreciate well above the rate of inflation and you’ll make up big time.
The debt market related to real estate is one of the most stable and mature debt markets in the world. You can access low interest, high leverage debt very easily and quickly.
Because you only need to invest a small portion of the value, your return on actual capital invested can be very high when investing in rental property.