Review of The E Myth Revisited – Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber

gerbernewsDid you know that almost 7 in every 10 new small businesses in 2013 failed within the first 2 years of their startup?  This is a real estate book but it mainly focuses on using a fictional entrepreneur profile who starts a pie shop but she has to deal all the difficulties of a small business entrepreneur to the point of burning herself out without actually getting as much returns as she deserves from the business.  Michael Gerber in this book published in January 1995 demonstrates that for a business or a company to be successful, they shouldn’t sell the products they make, they would just be fulfilling the emotional demands of the clients.

” The E Myth Revisited ” has  been described as the perfect guide for small business technicians, entrepreneurs and managers, to show them how business can succeed when the businesses focuses only on what it is good at.  For instance, he uses Southwest Airlines as a good example of a successful company, which, though it generates its income through the sale of tickets, it does not handle ticketing and instead focuses on providing quality travel services to clients.  The book goes further to the economic systems and especially the workplace environment and how an average employee can get rid of the notion that work and business is a disliked place because people come there to waste their lives.

Among the most intriguing arguments in his book is that in order for a business idea to work, you must have a ‘primary aim’ in life, not just business first, because without it even the best entrepreneur can get consumed.  The strategic objective will be what you want to become of the business to fulfill the requirements of the ‘primary aim’ in life.  It also puts a lot of emphasis in how to analyze an opportunity when it presents itself and using modern available tools to assess the profitability of a venture.  This section is what makes this book one of the most educative and easily explained real estate reads suitable for novice and intermediate entrepreneurs.

Of greater importance is that Michael Gerber, the author, delves into detail to bring out some of the least discussed business strategies and approaches including how to merge talent with the system, how to turn training into a game, measuring and estimating anything at the first glance and the importance of scripting everything in order to make achieve more predictable or consistent results in business.  After all, the idea of a business is a secure and ever-growing income source.

Despite all the good things positive reviewers write about this book, quite a number of Amazon reviewers view it as an out-of-date manual written by a washed up entrepreneur now surviving by writing, lecturing and making inspiration CDs.  It depends on what kind of entrepreneur you are, if you believe there is always something positive out of any publication, then you should consider reading this book before you enter the real estate market.

The 3 Best Real Estate Books in 2014

One of the traits of a great investor is the thirst for new ideas and information, particularly in their field of investment.  If you are looking to get into real estate or already are an investor but looking for ways to be even better, then reading real estate investment books is one of the best way to amass new information, tips and tricks and even learn to fix your errs.  With thousands of real estate books in the market, getting the best and most useful isn’t always the easiest thing but in my opinion, these are the 3 Best Real Estate Books you must read next.

2 Years to a Million in Real Estate by Matthew Martinez

26daff9bca37f3110521f0e48990b41aThis book has been coined the definitive guide to renting property and reaping big from it.  Most people who attest to the success of this book as an instruction manual say that it is the best tool to use to transform an average person – not rich, not very creative, a little ambitious maybe, and – armed with a credit card into a real estate investor in just a couple of months.

Matthew Martinez, the author, says he was just an average Joe working a 9 to 5 and paying his taxes, until he did something different.  If you follow his guide, expect to invest small amounts in hot properties (you’ll know how to find them as well), negotiate like a pro, know to target and screen tenants and make tons of money.

Building Wealth One House at a Time by John Schaub

428082Although ‘Building Wealth One House at a Time’ is over 10 years old, it has some amazing pieces of information you may not find anywhere else.  The foundation of this book is based on what the author, a pro who thrived in real estate even when everyone else was slumping, calls ‘a relaxed approach to building financial freedom’.  It sounds fancy but it actually means you will accumulate millions of dollars through high quality houses you will find in posh neighborhoods that will provide you with ever-increasing income for the rest of your life.

This book has made Billionaires, Google it.  But the most fascinating thing is that it teaches you to be your own boss, live and act like it by training you how to find the right houses, using the right terms to your advantage and identifying the best tenants.

FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani, Clay Davis & Jay Papasan

cover250x312If you are a straight shooter and don’t like all the mumbo jumbo of sales, this is your kind of book, the one that tells you straight what to do and what to expect.  This is the third book in the National Bestselling Millionaire Real Estate series and has sold over half a million copies already.  It is also the most recommended book that provides information and methods most relevant to the modern real estate market.

You can refer FLIP as a handy guide that gives you the simplest instructions to analyze investments, identify potential improvements, accurately estimate properties in a fraction of a minute and take out all the guesswork to effectively eliminate risk.

Review of The Millionaire Real Estate Investor by Gary Keller & Dave Jenks

0071446370.01.LZZZZZZZ[1]On the back cover of the book ‘The Millionaire Real Estate Investor’ is a proud quote by Mike Summey, the co-author of the bestselling real estate investment book titled ‘The Weekend Millionaire’s Secrets to Investing in Real Estate’ and it reads: “This book is not just a bargain, it’s a steal. It’s filled with practical, workable advice for anyone wanting to build wealth.”  I couldn’t agree more.  The Millionaire Real Estate Investor is a book written by a self-made millionaire with over 25 years of experience in making money in the current real estate market and is the founder and owner of Keller Williams Realty International, the 5th largest and among the fastest growing real estate franchise in North America.  Besides this book, Gary has also written another bestselling book ‘The Millionaire Real Estate Agent’.

This book is perfect for those seeking financial wealth but have a genuine interest in learning the fundamental truths about the real estate niche and the models that make it what it is.  ‘The Millionaire Real Estate Investor’ can be described as a collection of the wisdom and experience from investors in almost every walk of life, dating back to over 25 years, and their stories and lives while they chased their dreams of financial success.  This is a life-changing book that focuses on how you can build wealth in the easiest and fastest legal ways possible.

The author of this book is a no nonsense, easy-going and straightforward mentor or teacher, whichever you prefer, and the proven strategies and methods illustrated in the book are easy to understand and to apply in a real-life situation.  This handbook however demands that you exercise patience and perseverance if you are going to make a mark in the real estate market but it helps you by guiding you to:

  • Know the myths about investing and money that often hold other investors back and how to adopt a millionaire investor mindset to be one.
  • How to come up with a winning ‘dream team’ to help you build your real estate empire because you cannot do it alone.
  • The_Millionaire_Real_Estate_Investor_cover_ls_1_4Zeroing in on the key values of properties and their owners and how to use these factors to tilt the transaction in your favor and get the best possible real estate deals.
  • Know to quickly and mentally assess an investment opportunity and use the proven strategies and methods to make a killing off them.
  • Learn to come up with your own investment strategy, build your network, track your net worth, understand your finances and generate leads and convert them into assets.

Although some reviewers say that this book is too focused on the reward aspect of investment, most agree that it is one of the most famous real estate books of our times.  I must agree that Gary offered less actionable advice in this book, especially as he did in ‘The Millionaire Real Estate Agent’ but I like it because he focuses on the motivation and theory elements that are the driving force behind the real estate boom.

Review of Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market by Bryan M. Chavis

57Almost every book in the section that ‘Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market’ written by Bryan M. Chavis is targeted at individuals who thirst for knowledge to achieve their personal and professional success and wealth and ultimately happiness.  This explain why these books are published to have minimal fluff, to have motivating positive messages, examples and illustrations and simply tell the reader, in the simplest terms, what to do or how to achieve a goal.  This book, though, has been rated above the rest more than a handful of times by different reviewers and critics, and it is for a good reason.

Touted as one of the simplest roadmaps to the confusing world of real estate buying, renting and owning property, the book ‘Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market’ establishes itself as a guide to get rich with frenzied colorful and excitement filled cover design, just like most other get rich in any way possible guide books.  However, you will be surprised that between the colorful and playful design of the cover pages is real information that will guide you to be a different kind of investor and landlord by working smarter, not harder and how to research potentially profitable property in an organized and easy to follow approach.

Bryan Charvis, the Author of the book, is himself the founder of Landlord Academy and a renowned writer but he used the same principles he advocates for in this book to turn himself from an ordinary average employee with a dead end 9 to 5 job to a landlord and very profitable real estate entrepreneur.  This book is based on personal experiences and lesson learnt by Brian Chavis as he strove to find his way in the murky waters of the real estate market. It therefore presents the necessary tools that even a novice trader needs to be armed with to make smart investment decision and to set and meet their realistic goals in life and in business.

Invest-in-Real-EstateThe book can be described as informative and impressive, but the writer is much more articulate, calculating, intelligent and passionate in person.  Therefore, whether you are a beginner in real estate or already have a business going and want to make it better than it is, this may be the best book for you.  Because it is a perfect combination of substance and enthusiasm, this book is a comprehensive resource to get all the tips, tricks and ideas required in the assessment, purchase, ownership, transferring and selling a real estate property.

As a closing note, just like any other book, this one has its weaknesses, the most pointed out being that it seems incomplete, giving it a feel of an infomercial on paper, some readers say it is too basic for anyone who understands the real estate market and some even just call it the author’s brags about his successes.  It all depends on your perspective and what you are looking for, but to me it is a great book worth checking out.

Review of Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals by Ken McElroy

This book is a sequel to ‘The Advanced Guide to Real Estate Investing’ and it goes a step further in detailing the best practices in buying, selling or renting large apartments and commercial properties.  If you have interest in investing in real estate, you may have had difficulty finding information materials that cover the mainstream financial media yet everyone touts mutual funds, bonds and stocks as the safest investment options.  Ken McElroy targets intermediate and advanced real estate investor in this guide as he bares all from his real estate experience and teaches the reader how to use the lack of coverage of the real estate industry to your advantage. Being a real estate guru himself, Ken McElroy has the experience and the knowledge you will need to get started in real estate or to make your dreams happen as you grow your investment.  The book ‘Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals’ is the perfect guide for how to think, act and operate like a real estate mogul, how to identify, access and close expert deal in the real estate market, how to surround yourself with a helpful team and how to avoid earning then having to pay it all in taxes through proper structured property sales.
If you are looking to the really important and straight answers to projections of the future of real estate and which type of real estate market to venture into, this may be the perfect book for you to read now.  One of the best lessons that many entrepreneurs learn from this book is the importance of working in a team rather than working alone, especially in a fluid and volatile field like real estate and the section that dispels the many myths about investing in multifamily units.  Ken says that a good investor is one that starts small and learns where their Midas touch is. This may not be an ‘all, end all’ book for real estate investment but it does explain a number of important elements that most books overlook or do not go deep enough, but in a simple and easy to digest way.  Unlike most guides that could attempt to guide you on how to think and what to do, Ken focuses on showing you how to approach real-life investment decisions such as finding the ideal real estate that promises future profits, how to make working fun and understanding property and how to establish and negotiate for the elusive ‘right price’. This book is a great sequel that you should read, even if you have not read its predecessor.  The author has written a number of other lovely books on real estate investment and each, I promise will be worth reading more than once.  It is an overall good book that cuts straight to the chase, goes in depth on issues that matter and is definitely worth a read.

A great presentation by the author, Robert Kiyosaki

Review of How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson

how i turned real estate

How I turned $1,000 into five million in real estate in my spare time is one of the most read and most popular yet so hard to find books in the niche of real estate investing.  William Nickerson’s book is the perfect example of a wealth building guide that tells you everything like it is, with the potential to take an average Joe from nothing to millions using a basic hybrid investment strategy.  This strategy uses the buy low, rent and trade up approach to enable an investor climb from nothing to owning property and onto bigger properties each time.

From the title, you should know that the book is more of a real-life success story of the author, told in an easy to understand and straightforward style.  According to most readers, the ideas in this book line up with most others by established writers and accomplished real estate traders including Spencer Strauss’ ‘The Unofficial Guide to Real Estate Investing’, ‘Landlording on AutoPilot’ by Mike Butler and ‘The Millionaire Real Estate Investor’ by Gary Keller & Dave Jenks. William Nickerson, the author of our book, is an established investor who made himself a millionaire just as real estate was emerging as a potentially profitable venture.  He died at his home in California aged 91.

The author is probably better known for his Congregationalist and religious beliefs, especially since he gave back almost all his estates to pay student scholarships and to professors and religious schools.  Although his book on making millions from real estate in your spare time was written in the 60s and 70s, it made who are billionaires in the real estate industry today as it was the best guide then to get practical advice, relatable and relevant examples, real-life illustrations and the bitter truth that the road to riches is paved with borrowed money.

Most serious aspiring and current real estate investors would advise you to read books from real estate entrepreneurs who made it big in the past 3 to 5 decades because then, the investment arena was full of uncertainties, communication in the society was unreliable and clumsy and the economy was not as great as it is today, but these gurus made it happen anyway.  Today’s promoters are mostly 90% pitchmen and only 10% real investors, but legends like William Nickerson are the real deal.  This is one of the most important reasons to carefully choose the books you read, especially if you are just starting out in real estate investment.

If you are An ordinary wage earner who relies on a weekly or monthly salary to put food on the table, a book like this could make your real estate property ownership a reality as it has done for thousands of investors before you, and best of all, you can learn to balance your busy schedule with investing in real estate during your spare time.  William Nickerson was an admired and respected self-made millionaire, but although there are many others, he was among the very few who bothered to share their methods, secrets and tricks with anyone who thirsts for them.

A great video review of the book

Two Real Estate Investing Books That Will Change Your Life


Real estate is one of the most difficult investment platforms to get on to, besides the higher capital you will probably need compared to most other investment opportunities, it also requires you know understand what you are doing and be a smart schemer, not just a hard worker.  Luckily, if you have an open mind and have what it takes, a lot of material to educate and guide you on how to invest in real estate are easily accessible today.

You cannot just go online and read tips on real estate investments, remember anyone can post anything on the internet.  You cannot go wrong buying a book though. Telling apart valuable real estate investing books from the worthless ones can be very difficult but to get you started here are 2 great real estate investment books you will find invaluable.

How I turned $1,000 into $5 Million in Real Estate in my Spare Time by William Nickerson

how i turned

This is among the most talked about yet very difficult to find real estate investment books today.  Even if you are not into reading that much, you will find ‘How I turned $1,000 into $5 Million in Real Estate in my Spare Time’ not only fun to read but also inspiring because William Nickerson tells his true story of persistence, hard work, planning and best of all, the believe in oneself.  By following a simplified hybrid investment model that the writer used, you can also have an opportunity to move from being nothing to a millionaire by adopting his ‘buy low, rent then trade up to a bigger property’ model or come up with your own.

Because it is one of the older books, William Nickerson’s real estate investment true story publication highlights some specific methods that investors can use but it still focuses on ‘trading’ in property, something that doesn’t happen today.  However, every success begins with a solid foundation, and the best way to come up with effective strategies of the future is learning from those of the past.

Recommended for Beginners, Intermediate and Advanced real estate investors.

Breaking into the REO Business by Tony Alvarez

breaking into

Tony Alvarez is a very successful real estate investor and most people who know him also say he is a wonderful and easy to talk to person.  Perhaps these three qualities, all manifested in the ‘Breaking into the REO Business’ book, makes it one of the best real estate books you will ever read.  The full review of the book is on his website and it focuses on giving you a roadmap plan that will help you become an investor without all the mumbo jumbo and fluff that most writers use to make a book big.

‘Breaking into the REO Business’ is simple and straight forward, even a small child can understand what the author was communicating.  Tony will lead you on a mental trip to make you understand how he made a fortune selling lender owned foreclosure properties, how he identified his niche and how you too can recognize where your opportunities lie.

Recommended for Beginners, Intermediate and Advanced real estate investors.

Must-read Books on Asian Real Estate

temples at night

As the booming economies of Asia are quickly becoming the dominant players of the the world economy, foreign investors are looking for more exposure to the Asian real estate market. While, there is no doubt that red hot real estate markets in China, India, Singapore and Thailand present some excellent opportunities, the smart investor is always cautious. The following books are a must read for anyone considering property investing in Asia.

Playing the REITs Game: Asia’s New Real Estate Investment Trusts

By Dominic Whiting

book on reitsSince their introduction in 2005, Asian Real Estate Funds (REITs) have had tremendous positive impact on the efficiency, stability and liquidity of Asian real estate markets. While their benefits are unquestionable, to many investors REITs remain a complex investment instrument. This is even more so in the highly dynamic real estate market of Asia. As a native in Thailand, educated in the UK, Dominc Whiting brings a balanced and objective perspective of this complicated topic.


International Real Estate: An Institutional Approach

By W. Seabrooke, P. Kent, Hebe Hwee-Hong How

International Real Esate bookAs the demand for cross-border diversification keeps raising, the usual “domestic” approach of most real estate investors is becoming inadequate. Although addressed mainly at fund managers and other institutional investors, this is an invaluable book for anyone seeking a better understanding of the dynamics of international real estate. Clearly and concisely written, this comprehensive guide contains all the tools investors need to navigate the international real estate market. There are numerous case studies included to help elucidate the strategies and complex transactions involved in foreign real estate investing.



A video shared by Thomas from

Emerging Market Real Estate Investment: Investing in China, India, and Brazil

By David J. Lynn PhD, Tim Wang PhD

book on real estateThis is a very well researched book aimed at institutional investors and entrepreneurs alike. The book starts with and excellent introduction to the fundamental principles of international real estate investment. It then moves on to offer an insightful look at the real estate markets of three of world’s fastest growing economies: China, India and Brazil. The authors present an in-depth analysis of the: Different strategies for real estate investing in emerging markets Key features of each country-specific real estate market Main real estate sectors in each country: residential, commercial, office, and industrial, and more. Although the focus of this book is on 3 of the BRIC economies, most of the information in this practical guide is applicable to any emerging market making a must read for any serious investor.



These excellent books provide a wealth of information along with the tools you need to make good investment decisions, but they are no substitute for further research of each specific market. Investing in property across national boundaries, especially in a environment as dynamic as the Asian real estate market, is a complex task for individual investors. The guidance of a reputable local real estate agent is highly recommended.


Top 5 Real Estate Books for Beginners

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In recent years investing in real estate has become immensely popular. It seems like everyone is buying, flipping or renting properties and making money in the process. As is often the case, the reality is little different. For many, property investment can be a path to financial ruin. Excited by the prospect of quick money and big ROIs, these would be moguls rush into buying without having the basic knowledge necessary to make informed decisions – a mistake that often costs them dearly. If you are new to the real estate game, here are five books you need to read before you call your realtor.

The Millionaire Real Estate Investor

By Gary Keller, Dave Jenks and Jay Papasan

book millionaire real estate investorsAs an industry veteran, Gary Keller has built his business, from a single office in Austin, Texas to the to the second largest real estate company in North America. As a coach and a teacher he has helped thousands achieve their investment goals. In his book Mr. Keller shares with the reader the collected wisdom and experience of over 100 millionaire investors; more importantly, he does so in a no-nonsense, easy-to-read style that is sure to be appreciated by novice investors. In addition to giving you a solid theoretical foundation, this book will show you how to:

  • Identify great real estate investment opportunities
  • Achieve the best possible deals by zeroing in on the key terms of any transaction
  • Replicate the strategies used by top investors to acquire properties, increase their net worth, and expand their networks

In short, The Millionaire Real Estate Investor is a must-have for anyone starting out in real estate.

Real Estate Finance and Investment Manual

By Jack Cummings

top book on real estate financingHailed as the “financing bible”, this is a book that has stood the test of time since the first edition came out in 1977. Now revised and updated, it continues to be the definitive source for financing strategies used by professional and first-time investors alike. Mr. Cummings uses examples and case studies drawn from more than thirty years of industry experience, to elucidate topics ranging from the use of leverage to maximize ROI, to the insider secretes to unconventional financing methods and the legal tax loopholes that will save you money.

In addition to offering tons of practical information, the book features an exclusive constant-rate amortization schedule designed by the author to help you better control cash flow. This comprehensive guide to understanding financing options will enable you to select the appropriate strategy for each property – the key to maximizing profit while minimizing risk.

The Beginner’s Guide to Real Estate Investing, Second Edition

By Gary W. Eldred

beginners book on real investing

In his excellent guide Gary Eldred dispels many investing myths that hold so many people back. He shows you how to find opportunities no matter the market conditions and start making money today. As a consultant to many Fortune 500 companies and a successful real estate investor for over 25 years, the author shares powerful methods that will enable you to:

  • Find properties with big potential Start with low– or no down payment Get the best foreclosure deals
  • Make cheap improvements that add big value to any property
  • Manage rental properties with minimum effort

In addition the author shows you how to tailor these and many more proven strategies that professionals use, in order to achieve long-term growth and profitability, given your particular situation.

Real Estate Investing For Dummies, 2nd Edition

By Eric Tyson and Robert S. Griswold

real estate investing book from for the dummies seriesNo, of course you are not a “dummy”, but this book still has a lot to teach you about property investing. In fact it is one of the most comprehensive books on the subject. Taking an almost encyclopaedic approach, it covers it all: from single family homes and apartment buildings to multiplexes and commercial properties, even real estate investment trusts (REITs) are explained. The authors help you master every aspect of real estate investing, including how to increase the value of your properties.

There are also many reasons to like the “For Dummies” format. The information is extremely well organized, the layout is clear with excellent tools to help you understand and retain the information. Despite its title, this is a serious book for serious investors.

The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

By Ken McElroy

good book on managing propertyA solid book for beginners from Rich Dad – one of the leading financial education companies today. As the title suggests this is a simple and easy guide to real estate investing, however the author goes beyond teaching the basics of property valuation and deal negotiation, he also shows you how to avoid the pitfalls that make the difference between being profitable and losing money. The focus is on multiple dwelling properties and apartment buildings so if you are planning on working exclusively with single family homes, you should consider other titles.

success vs failure road sign

Success in the real estate market, as with any investment, depends on many factors. Some are beyond your control as an investor: markets take downturns, neighbourhoods rise and fall in value and central banks change their policies. The most deciding factors for success, however, are entirely up to you. Having the right knowledge before you begin is certainly one such factor that is well worth the price of these books.