RESOURCES

Here is a list of resources I hope you find helpful.

Investing in Real Estate-Must have resources, from books to tape measures…

 

Building Wealth Through Real Estate: 3 Letters Every Real Estate Investor Needs to Know-R-E-O By Neisha Vincent written for the beginner investor. Defines what an REO is and why they are so lucrative to building your investment portfolio. Helpful tips and tricks on how to locate, bid and negotiate REO’s, and buying investment real estate for pennies on the dollar. Real Examples of properties I’ve bought and links to bank owned reo’s.

RICH DAD POOR DADRobert Kiyosaki does an outstanding job on explaining passive income, leverage and cash flow.  Once you have read this book, you do not need to read any of his other books as the information is recycled and repetitive. I highly recommend this book to get a better understanding of passive income, I do not recommend you go out and spend ANY money on his courses. 

Landlording on Auto-Pilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches By Mike Butler: A great book to have in your library.  I have implemented many of Mike’s practices in my own buy and hold business and have been very successful with them.  A must have for landlords and a great addition to the real estate investment library.

Building Wealth One House at a Time: Making it Big on Little Deals, By John Schaub: A great book that introduces some simple concepts to buy and hold properties.  John’s book is easy to understand and a great resource.

The Millionaire Real Estate Investor, By Gary Keller and Dave Jenks: Written by famed real estate agent Gary Keller. It is one of the most highly recommended books in the investing genre. This book  focuses on the theory and motivation behind great real estate investments. Great book for beginners investing in real estate.

The New Art of Negotiating, By Gerard I. Nierenberg and Henry H. Calero: You negotiate every day of your life whether asking your employer for a raise or persuading your child to do his homework. You will learn how to analyze your opponent s motivation, negotiate toward mutually satisfying terms, learn from your opponent s body language, and much more. Throughout, the authors will guide you in successfully applying Nierenberg s famous everybody wins tactics to the bargaining process.

 

Remember in my post tips for beginners, I said you would need some basic business skills? Well here are a list of some of my favorite business books that should be added to any library, whether you are the employer or employee these books all have great take aways.

Customer Satisfaction is Worthless Customer Loyalty is Priceless: How to make customers love you, keep them coming back, and tell everyone they know, By Jeffrey Gitomer: Absolutely fabulous book.Every employer should make employees read this book before putting them on the sales floor. This is a must read and i highly reccomend it to employees working their first job.

The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, by Michael E Gerber: Michael Gerber explains why most small businesses fail.  He discussed how most “entrepreneurs” work in their business instead of on their business.  He describes how to create systems in your business so that you can remove yourself from the day-to-day activities. Creating good systems for your landlording and real estate investment business is a key component to being successful.

The 4-Hour Workweek,: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferris: One of my personal favorites, Tim Ferris describes strategies for reducing your involvement in your life through automation and technology, allowing you to live the life you want.  He talks a lot about lifestyle design and how to live the life that you want now, not 45 years from now when you finally retire.

Think and Grow Rich, By Napoleon Hill:  Another one of my favorite books.  This book was originally published in 1937 and has withstood the test of time.  Napoleon Hill interviewed some of the richest and most successful people of the time to understand the core steps and principles of success.

The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change, By Steven Covey:  With over 25 million copies sold worldwide in over 40 languages since its first publication, this book continues to help millions of readers become more effective in both their personal and professional lives. This is one of the rare books that has influenced presidents, CEOs, educators, and individuals all over the world not only to improve their businesses and careers but to live with integrity, service, dignity, and success in all areas of life. It has had an undeniable impact for the past 25 years–and will no doubt continue to be influential for many more.

Educational Business Tools

Nobody wants to pay more in taxes than they have to. Learn how to save thousands through legal tax loopholes with Wayne Davies Ultimate Small Business Tax Reduction Guide.  Whether you are investing in real estate or run any other small business, educating yourself on legal tax deductions can keep more money in your pocket. I don’t know anybody that does not like free money!

TOOLS N SUCH

The real estate investors tool bag: Every successful real estate investor should have these basic tools with them when looking at distressed properties, a credit card, Headlamp, change of clothes, bandaids,Digital Camera, Dry Erase Board and a rehab check list.