3/20/17

People ask about the best real estate books to read on this forum almost daily and we're happy to toss Linneman and Bowman their way, as well as all of the terrific ULI books, but @Whats the Comp" today asked specifically about non-textbook reads and it got me thinking that we should build a list of our favorites. Here are mine, in no particular order:

I definitely want to get some new reads for fall though, so please recommend your own.

Comments (34)

Best Response
8/9/16

Good idea. I've read several of those, but I don't think I realized that someone had written a book on Charlie Fraser, he was a good dude.

Now for some additions:

Trammell Crow, Master Builder: The Story of America's Largest Real Estate Empire - (https://www.amazon.com/dp/0471613266/ref=wl_it_dp_...)
Poorvu's The Real Estate Game (I'm sure people are tired of being recommended this one but just read the damn thing) - (https://www.amazon.com/dp/068485550X/ref=wl_it_dp_...)
The New Geography of Jobs by Enrico Moretti - quick, entertaining read on why some MSAs are succeeding and others not so much. Not necessarily real estate related, but relevant. - (https://www.amazon.com/dp/0544028058/ref=wl_it_dp_...)
Similar to the above, Triumph of the City is a good read - (https://www.amazon.com/dp/0143120549/ref=wl_mb_rec...)
Less real estate, but great literature, A Man in Full by Tom Wolfe - (https://www.amazon.com/dp/0553381334/ref=wl_it_dp_...)
Non-real estate, but Howard Marks' The Most Important Thing has been a great framework for thinking about markets - (https://www.amazon.com/dp/0231162847/ref=wl_mb_rec...)

Financial Modeling
12/8/16

Just purchased Poorvu's book. Looking forward to it.

8/9/16

I'm reading The Real Estate Game (https://www.amazon.com/Real-Estate-Game-Intelligen...)per somebody's recommendation on this forum (not the above post, which I didn't see when I wrote this), but I couldn't find the actual thread.

It's a very easy read, and doesn't require prior real estate knowledge. It's very high level, and shares what's proven to be a very effective approach to small-time commercial real estate investing. I'd recommend for sure.

8/9/16

good info, thanks for posting

WSO's COO (Chief Operating Orangutan) | My story | My Linkedin

8/9/16

Immensely helpful. I and the rest of the WSO community I'm sure appreciate this. Never know what to believe on the internet when you Google "Best books to learn about real estate investing"

8/9/16

Fantastic, I've been hoping for a thread like this!

8/9/16

Poorvu's book (BOE method) is how I invest. I check it with a model but it's pretty amazing after a while you'll pretty much know what the IRR will be without doing shit in excel. It is also the reason for my username. Highly recommended.

9/3/16

which book?

9/4/16

The Real Estate Game. It's very cheap too (like 20 bucks or less). It's a def buy.

9/8/16

IRReleveant,

What did you think about his other book "Creating and Growing Real Estate Wealth: The 4 Stages to a Lifetime of Success"? I thought that the Real Estate Game was much better.

9/8/16

I haven't read it but saw it on Amazon the other day and was interested. I'm re-reading Linneman's book now (Real Estate Finance and Investments) but maybe I'll check it out next.

9/8/16

Just breezed through it this past week. Really is an excellent book. My favorite aspect was all of the detailed example questions he throws out when discussing the deals - really opens up your mind to the qualitative aspects that are truly important to each deal. No matter how good the numbers look, if you don't ask the right questions, you will end up making poor investments.

Financial Modeling
8/9/16

Powerhouse Principles - Jorge Perez. The cover is very infomercial-ish but the content is a good read.

8/10/16

These links have really served good. Thanks for sharing!!

8/10/16

Jane Jacobs - Death and Life of Great American Cities
- even if you don't agree with her conclusions, her first principles/bottom up approach to urban planning is useful for evaluating the physical real estate
- the intro has a very quick but useful history of city planning (with more reading suggestions)

(https://www.amazon.com/Death-Life-Great-American-C...)
Edge City by Joel Garreau
- very good insight into the formation of 'edge cities' and the developers who created them
- "The Words" and "The Laws" are great as well

(https://www.amazon.com/Edge-City-Frontier-Anchor-B...)

8/10/16

bookmarked, thanks for sharing

8/10/16

"The Liar's Ball: : The Extraordinary Saga of How One Building Broke the World's Toughest Tycoons" by Vicky Ward. New York real estate focused. Rumor has it the movie is coming soon.

8/11/16

Bookmarked and listed on my Reading List

8/12/16

I've heard "Higher: A Historic Race to the Sky and the Making of a City" by Neal Bascomb and "Nature's Metropolis: Chicago and the Great West" by William Cronan are great reads, but have yet to read either. Reviews look great for both - I'll probably start with the latter as it got rave reviews.

Array

8/12/16

The book that opened my eyes to the possibilities of real estate and got my feet wet was "Confessions of a Real Estate Entrepreneur" by James
A Randall. He tells you about the deals he's done in detail and gives you the numbers. Out of my 20+ RE books in my library, this is #1.

8/15/16

Added to my list. Thanks.

8/15/16

I just finished reading "Brokers Who Dominate" by Rod Santomassimo, CCIM

Great insight on top brokers, their stories, interview questions and advice from each of them

8/19/16

Great thread. Thanks!

8/20/16

"Confessions of a Real Estate Entrepreneur" - https://www.amazon.com/Confessions-Real-Estate-Ent...
I enjoyed this book a lot. He really goes into detail about a few of his deals and also touches on being ahead of the crowd. E.g. outlet malls and self-storage etc.

"Never let success get to your head and never let failure get to your heart"

9/5/16

Great thread. I will add to my list. Thank you!

9/8/16

awesome recommendations, thank you

10/4/16

It's a great idea! Make more lists like this one. The description of "King of Capital" got me interested. I'm definitely gonna read it. Thanks one more time.

10/5/16
PCooper:

Make more lists like this one.

Suggest some topics

2/18/17

Great post, thanks for the list!

"You adapt, evolve, compete, or die." -Paul Tudor Jones

3/20/17

Another great book so far is High Rise by Jerry Adler about Ian Bruce Eichner and his NY office project that lost $200M. I'm only a third of the way through it but anyone that has ever asked 'what's the day-to-day like for a real estate developer?,' especially for high-rise urban infill, should read this book. It flows like a novel but the developer gave fairly unprecedented access and detail into the issues that came up and how they were resolved.

8/14/17

Saved

8/14/17

Bob Potter's "Selling Real Estate Services" is worth a read. It's a short book but gives a good perspective on selling any professional service.

11/13/17

Unlock These Comments - Free

Join Us or Login
11/27/17
Add a Comment