Rental Real Estate Investing: A Beginner’s Guide To Creating Passive Income – Book Review
Many people get into real estate investing because they want to be able to generate wealth passively. Along with building equity, the cash flow from investing in real estate certainly has its benefits. Today, we’re taking a look at a popular book that dives into rental real estate investing.
So if you are a beginner to the real estate world and looking for rental real estate advice from a pro, then you have come to the right place!
Rental Property Investing: A Beginner’s Guide to Rental Real Estate Investing
In this book, entrepreneur Eddy Moore he provides the basics to rental real estate investing. Through his own experiences, he also provides advice and teaches us how to maximize our income.
Features:
The contents you would expect from this book include:
- Motivational
If you are a beginner who just needs some pushing to get started with real estate, then this book will do you justice. Eddy speaks from his own background and experience, taking you through his previous errors and teaching you how to get the ball rolling.
- Easy to Follow
When it comes to learning a new topic, it can sometimes be overwhelming. Eddy has made sure that this book is easy follow with step-by-step formulas that will lead you to success.
- Business Development Advice
This book doesn’t just teach you about real estate, but how to build a profitable and durable business.
- Various Topics
From analyzing the property, to why a rental property is better than investing in stocks, this book covers it all.
- Expert Advice
When starting something new it’s important to learn from someone who has been there before. Therefore, you can guarantee you are reading from a professional expert with this book, and so the information is very informative and can be put into practice immediately.
Pros:
- Inspirational
- Practical advice
- Easy to follow
- Step-by-step
- Beginner friendly
- Helpful
- Available in Kindle and paperback
Con:
- Doesn’t go too deep into financing aspects
Summary
This is a great book designed for beginners looking to educate themselves on real estate investing as well as those looking to build equity. More specifically, it is great for those who have an interest in making a good passive income through real estate investing.
Although this book is perfect for beginners educating themselves, its major flaw is that it doesn’t discuss much about financing.
Comparison
With thousands of books on the market, it can often be a challenge knowing which one will give you the most information and the best for your buck. If you are keen to discover similar options, here are a few suitable possibilities you may want to consider:
Building Wealth One House at a Time Second Edition
Building Wealth One House at a Time, written by John Schaub, is a fine example of a beginner-friendly real estate investing book. This book is an essential guide to investing in real estate and teaches you practical ways to create wealth through more of an ethical approach of purchasing, financing and eventually, managing properties.
An expert himself, John Schaub guides readers through his personal nine-step program, explaining how to make one million dollars without any debt in any market, while still earning steady cash flow at the same time.
The Millionaire Real Estate Investor
If you’re looking to make a lot of money in the real estate market, this is another example of a great book that might inspire you. Available in Kindle, paperback, audiobook, and audio CD, it’s filled with practical advice which is both workable and easy to follow. It’s perfectly suited to anyone wanting to build their wealth correctly.
Not only does this book teach methods used by millionaires, it shares the truths and models which compose them. The book is also filled with experiences from over 100 investors in real estate investing. Therefore, it provides real-life stories which can be inspiring for newbies to read.
How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started
Written by authors Brandon Turner and Joshua Dorkin, this is another great option for beginners who are getting into real estate investing. The book not only provides two experts’ perspectives, but it also includes the basics and some rules of thumb that must be remembered.
This book also takes you through the process of becoming an investor. So if you are an absolute beginner, this is definitely an option to consider.
Final Verdict
Investing in real estate certainly brings about many advantages for those who do it correctly. Many people enjoy the flexibility it brings in terms of work-life balance, earning a passive income, and the opportunity to save equity and cash for the future.
We hope this article helped you find the best book that suits your needs. We always find that starting off with a good book can be the motivation you need to get things underway!