Top books on real estate investing

There are a lot of books out there full of investment advice.

It can be tough cutting through the clutter to find the property investment strategies and tips that are truly worthwhile — and will help you build financial freedom through real estate.

Education Books Makes MoneyThe problem is some books are good, some are of outdated, many give advice that doesn’t work for property investment in Australia, and some give downright bad advice.

So today I’d like to share 7 books that have helped me in my journey, starting out as a novice investor to become one of the directors of Metropole – Australia’s most trusted firm of property strategists.

I have been lucky to have been mentored by Michael Yardney, Australia’s leading expert in wealth creation through property so don’t be surprised if his books feature highly in this list.

And yes, I’m now his business partner, and some may say I’m biased, but as I compiled this list of “must-read” books of real estate investing there was no way his books couldn’t make it on this list.

So whether you a beginner or an already experienced property investor, these books are a great way to learn.

Let’s get to it…

1. How To Grow A Multi-Million Dollar Property Portfolio – In your Spare Time – Michael Yardney

This book has become a property investment classic and is on the bookshelf of almost every successful Australian property investor.

How To Grow A Multi Milion Book V3

It has been written for both beginning and experienced investors and the results have been proven by tens of thousands of Australians who have used the strategies laid out in earlier editions to grow their own Multi-Million-Dollar Property Portfolios.

When your read it you will learn Michael’s 6 Stranded Strategic Approach to investment that has stood the test of time and changing markets, but now updates with powerful new strategies to profit in our new economic environment.

Since the first edition was written in 2006, Australia’s property markets have changed dramatically.

Our changing economic conditions, lending criteria, interest rates and property markets meant that some of the original strategies, techniques and ideas had to be updated.

Now boasting a number of new chapters, many up dated sections and up to date statistics mean that the latest edition of this property investment classic book will be a valuable resource for both the beginner and experienced property investors for the foreseeable future.

2. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Robert T. Kiyosaki

While this is not really a property book, and although it first published more than 20 years ago, its insights stand the test of time.

Rich Dad Poor Dad

Kiyosaki also offers personal finance advice and breaks down money misconceptions across a broad spectrum.

Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing.

The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

However, be careful – some of Kiyosaki’s property strategies don’t translate well to Australia where the rules are different to the USA, because in Australia investing for capital growth is the way to go.

3. Rich Habits, Poor Habits – Tom Corley and Michael Yardney

Rich people think a certain way and poor people think a completely different way, and those ways of thinking determine their actions and therefore determine their results.

RHPH-book-mockup

Then all you have to do is copy how rich people think.

Just study the Rich and copy their Rich Habits is the advice of the two authors Tom Corley and Michael Yardney

They explain that we are where we are because of the things we do day in, day out.

Our old ways of thinking, our old habits  brought us exactly to where we are and if we want something to be different in our lives, we need to do something different.

This book debunks the myths and “common wisdom” about how to get rich.

Read it to unlock the secrets to success and failure, based on Tom Corley’s five years’ study of the daily activities of 233 rich people and 128 poor people as the authors expose the immense difference between the habits of the rich and the poor.

Since the release of Rich Habits Poor Habits in 2016, Michael Yardney and Tom Corley have gone on to share the mindset secrets of the rich and successful to new and bigger audiences and this book has become an international best seller and is being translated into 5 foreign languages.

4. Michael Yardney’s Rules of Property

Rules-of-Property-Bookshop

Fortunes will be made as Australia’s property markets move into the next cycle and the divide between the rich and the average Australian is only going to widen.

Yet Australia is the land of opportunity and becoming wealth does not have to be a dream.

So how do the wealthy get rich?

It’s not luck and it’s not that they had a better education or rich parents.

According to the author, Michael Yardney, for many it’s because they know The Rules of Property.

And that’s what he lays out in this book.

5 . Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth – T Harv Eker

In this book T. Harv Eker, the author, teaches us that if your subconscious “financial blueprint” is not set for success, nothing you learn, nothing you know, and nothing you do will make much of a difference.

Secrets Of The Millionaire MindEker explains: “Eventually, I became aware of how my own thoughts were holding me back from wealth.”

He learned that it is not about the tools alone, it is mainly about the toolbox.

The tools are all the knowledge and information you’ve got, and the toolbox is your mind, your way of thinking.

He found out that when he combined the inner game (the toolbox) with the outer game (the tools), everybody can succeed at the game of money.

His lesson is simple: If you want to move to a higher level of life, you have to be willing to let go of some of your old ways of thinking and adopt new ones.

6. Michael Yardney’s Guide to Getting Rich

Have you ever wondered:

  • Why the rich keep getting richer and how you could join the ranks of the rich
  • Why the gap between the rich and the average person keeps getting wider
  • Why some people work less and earn more, while others seem to be on a treadmill
  • What the rich think, know and do that makes them rich
  • How to maximize your success with money, your finances and your future.

Michael Yardney’s Guide To Getting Rich

In this book, author Michael Yardney explains exactly how the wealthy get rich.

He explains it’s not luck and it’s not that they had a better formal education or rich parents.

For many it’s because they had a special “money education” and have learned the right way of thinking and they display “Rich Habits” every day.

I really recommend you read this top selling book but ….It is a book written for people who…

WARNING! There are no get rich schemes discussed in this book — only proven strategies to fast track your financial success.

However, this could be your plan for how to get from where you are to where you want to be.

7 . The Richest Man in Babylon by George Clason

The Richest Man In Babylon By George ClasonThis timeless classic gives common sense financial advice which you can apply today, told through tales and parables from the times of ancient Babylon.

Originally published in 1926, the advice in this book is still as sound as it was almost a century ago.

The Babylonians discovered many of the basic principles behind wealth, such as saving a small part of your income each month, investing it wisely, learning how to lend money instead of borrowing it and how to protect your wealth.

How many of these books do you have in your success library?

Which other books would you recommend I add to this list? Please leave your comments below.

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Brett Warren

About

Brett Warren is Director of Metropole Properties Brisbane and uses his 13 plus years property investment experience to advise clients how to grow, protect and pass on their build their wealth through property. Visit: www.brisbanebuyersagent.com.au


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