Welcome to Physicians and Properties
Hello Physicians and Properties family! If you are getting started you have to read these 10 exceptional books for the new physician real estate investor. They are life-changing books. And, I guarantee they will change your mindset and set you on a path to crush your real estate goals!
“Rich Dad Poor Dad” by Robert Kiyosaki
This is the book. If you ask any physician real estate investor I can almost guarantee Rich Dad Poor Dad is the book that completely changed their mindset and got them headed in the direction of financial freedom. Robert Kiyosaki teaches you how to build wealth and freedom by showing you how to let your money work for you. The key is to buy assets (put money in your pocket) and avoid liabilities (take money out of your pocket).
“The Millionaire Real Estate Investor” by Gary Keller
The Millionaire Real Estate Investor is one of the best real estate investing books, especially for new physician real estate investors. Gary Keller shares the knowledge and wisdom he gained from more than 100 millionaire real estate investors so that you will be ready to take action.
“The Book on Rental Property Investing” by Brandon Turner
This book is a comprehensive in-depth guide for rental property investing. Think of this as the First Aid books for the board exams. The author, Brandon Turner, hosted the world’s most popular real estate podcast, BiggerPockets. And, this book is filled with all of his wisdom and knowledge. Flip through pages filled with practical advice and expertise that you will need to build a business plan, search for properties, find deals, build a team, and how to leverage and finance the deals.
“Crushing it in Apartments and Commercial Real Estate” by Brian Murray
If you are looking to get into multifamily real estate and commercial real estate, this is your book! Brian Murray does a fantastic job at providing a practical beginner’s guide to getting started. Also, he shares with you his journey so you can learn firsthand how he got started and turned down-trodded apartment and commercial buildings and filled them with fantastic tenants transforming the community.
“Long-Distance Real Estate Investing” by David Greene
If you are a new physician real estate investor and are interested in investing out of state, this is the book for you. Ultimately, this book was the catalyst that got me started and helped me to feel comfortable buying properties sight unseen and out of state. It is packed with many great tips to build your team and leverage the internet to help you invest successfully from afar.
“How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started” by Brandon Turner and Joshua Dorkin
If you buy one book on this page it must be this one! Seriously, this is the ultimate guide to getting started. It is one of the best books for the new physician real estate investor. Honestly, the practical knowledge and experience shared in this book will take the fear out of getting started!
“Real Estate by the Numbers” by J Scott and Dave Meyer
If you are looking to master the simple formulas behind every great real estate deal and want to understand the numbers behind the deal then this is the book for you. J Scott and Dave Meyer have a wealth of experience in real estate investing as well as data analytics. Importantly, this book will provide you with a great foundation for investing.
“The Book on Managing Rental Properties” by Brandon Turner and Heather Turner
Brandon Turner is an absolute legend in the real estate investing space. Seriously, he is the man. In this book, he and his wife give you a blueprint for how to be an effective landlord. This book is full of actionable advice for how to be an exceptional landlord and acquire great tenants to ultimately reduce frustrations in the future.
“Short-Term Rental Long-Term Wealth” by Avery Carl
Avery Carl is a leader in the short-term rental space. Her brokerage The Short Term Shop and this book will teach you how to identify a short-term rental market, acquire an exceptional home, and manage a short-term rental from anywhere in the country. Honestly, short-term rentals are hard to get started. But, this book makes it easier.
“The ABCs of Real Estate Investing” by Ken McElroy
Ken McElroy does precisely as the title of this book suggests and breaks down the basics of real estate. You learn how to find, negotiate, purchase, and manage properties. Even more, he shows how to increase income and maximize the potential of your property.
I hope this book list helps you on your journey to leverage real estate to allow you the freedom to practice medicine and live life how you want. Let me know your favorite book in the comments. Also, if you want to read more check out 8 Reasons Why a Physician Should Invest in Real Estate.