Whether you’re a newcomer to entrepreneurship and embarking on your investment journey into real estate or an experienced landlord, these books can help to improve your returns. Educating yourself on real estate investing is the key to building the best possible portfolio and it will benefit you to add these 5 books every real estate investor needs to read to your library.
Great things come in small packages and the words on the pages of a good book can offer guidance for your Omaha investments. You’ll find a variety of offerings available from successful real estate investors. These experts have walked the path ahead of you and are willing to share what they’ve learned, sparing you from costly and painful lessons along the way.
Gather books covering every aspect of business for real estate investors, such as investment strategies and managing cash flow. Just a few sentences from a great book can change your life.
5 Books Every Omaha Real Estate Investor Needs To Read
No Money Down Strategies
Think it’s impossible to begin building your investment portfolio without cash on hand or traditional financing? You can learn how to become a Omaha real estate investor with no money down. “The Book on Investing in Real Estate With No (and Low) Money Down” (2014), by Brandon Turner, will help you master these strategies. You’ll discover resources for financing when you don’t have ready funds on hand to invest, such as finding individuals who have the financial backing to partner with you on investments. Another option to explore are funds secured by your real property, known as hard money loans.
As a Omaha real estate investor, managing your own property will require you to wear many hats. Done properly, you’ll have happy tenants and low turnover because you have taken the time to educate yourself on what is required of a landlord. You’ll need to operate under legal guidelines to find tenants while making sure you’ve taken all of the precautions to make sure you select good tenants. You’ll want to have a full understanding of leases and keep careful financial records of deposits and rent payments. You’ll be responsible for both routine and long term maintenance on the property. You’ll also have to handle evictions and cleaning or repairing empty units after a tenant leaves. “The Book on Managing Rental Properties” (2015), by Brandon and Heather Turner, will assist you in enlightening yourself as to just what is involved in the day to day process of property management.
As with managing any new profession, there are going to be key words and terms you’ll need to understand as a Omaha real estate investor to be successful. For this reason, you’ll want to familiarize yourself with “What Every Real Estate Investor Needs to Know About Cash Flow—And 36 Other Key Financial Measures” (2015, Updated Edition), by Frank Gallinelli. Additionally, while it can be exciting to invest based on how appealing a property may seem, because investing is all about bringing the best returns, understanding the numbers will allow you to make wise investments from factual data.
Forewarned is forearmed, such is the case when it comes to understanding the steps to take in order to reach the full potential of returns on your Omaha real estate investments. You’ll need to take every tax deduction advantage available to you and “Every Landlord’s Tax Deduction Guide” (2015, 12th ed.), by Stephen Fishman J.D., is the perfect guide on the subject.
If you’re looking to expand your portfolio beyond single-family housing, “Multi-Family Millions” (2008), by David Lindahl, will provide you with a plan to enter the Omaha multi-family market. You’ll learn about purchasing apartment complexes along with acquiring deals on a larger scale. Additionally, this book covers strategies for moving on from the property in the future.
Knowledge is power. When it comes to bringing returns on your investments, while books aren’t costly, they can be some of the best investment dollars you’ll ever spend! Why not get ahead of the game by concentrating on subjects pertaining to real estate investment. You’ll not only save time and money, you’ll avoid the emotional toll large investing mistakes can bring by learning from the errors of the author’s past.
We’re happy to help with the multiple facets of being a Omaha real estate investor! Reach out to Anna Buys Houses here at 402-313-8700 or send our team a message today.