The Lazy Mentor's Reference Journal
"If you're not embarrassed by your offer, then you offered too much"


Real Estate Books

Real Estate Books

Best book I ever read -- "How I Turned $1,000 into Five Million in Real Estate," by William Nickerson. Read it as a teenager about 20 years ago, before all the "nothing down" guys appeared.

It was originally published in 1959 and was last published about 1980. (So you need to multiply his RE prices by 10 for inflation.)

Your library may have it, and they come up on eBay pretty often. Was selling for about $50, but recently even the paperbacks are fetching over $100. Seen some 1st editions on the web for $500 to $1200.


Here are a few others I like --

"Rental Houses for the Small Investor" by Suzanne P. Thomas. She likes to buy brand new single families and pay them off quickly with adjustable loans. Not my style, but might try a couple.

"Secrets of a Millionaire Landlord" by Robert Shemin. Gives some very good advice but he likes to buy in the slums and baby-sit his tenants. He also wrote "Secrets of a Millionaire Real Estate Investor". I skimmed over this second book in the store, but saw nothing new. Just the same stuff everyone writes.

"The Complete Guide to Buying and Selling Apartment Buildings" by Steve Berges. I like this a lot. It mirrors "How I Turned $1000 into $5 million in RE". Same philosophy but more up to date.

"Flipping Properties" by William Bronchick, Robert Dahlstrom. Lots of good info.

MOTIVATIONAL BOOKS -- "RichDad PoorDad" by Robert Kiyosaki

PERIODICALS -- Personal Real Estate Investor Magazine

REAL ESTATE TERMS -- Landlord Glossary

Here's a book I HATED --
"How to Buy and Manage Rental Properties" by Mike and Irene Milin. This book had no right being in the bookstore. It was 20 years out of date. They only buy houses with assignable FHA assumable loans and go out of their way to terrorize prospective tenants. DO NOT BUY THIS BOOK.

Copyright 2006 The Lazy Mentor

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