The Book on Rental Property Investing by Brandon Turner
The Book on Rental Property Investing by Brandon Turner

Business · 2015

The Book on Rental Property Investing review

by Brandon Turner

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The verdict

Brandon Turner's guide to rental property investing is one of the most comprehensive introductions available to buy-and-hold real estate.

Best for operators, founders, and managers. Reading time: 6h 20m.

The Book on Rental Property Investing by Brandon Turner
The Book on Rental Property Investing by Brandon Turner

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What it argues

Brandon Turner's guide to rental property investing is one of the most comprehensive introductions available to buy-and-hold real estate. Turner, a co-host of the BiggerPockets podcast and an active investor himself, writes from experience rather than theory. The book is aimed squarely at people who have some savings and a desire to generate passive income but don't know how to evaluate deals, finance them, or manage the properties once acquired.

The first section covers mindset and goal-setting. Turner argues that most would-be investors fail before they start by over-thinking and under-doing. He lays out why rental properties — specifically long-term, single-family and small multifamily — create wealth through four mechanisms: cash flow, appreciation, loan paydown, and tax advantages. The combination of these four streams, when compounded over a career, produces financial independence in a way most other investments don't.

What it gets right

  1. 1.

    Rental properties build wealth through four simultaneous channels: cash flow, appreciation, loan paydown by tenants, and tax deductions. No single stock does all four.

  2. 2.

    The 1% rule — monthly rent should be at least 1% of purchase price — is a quick screen, not a final analysis. Use cash-on-cash return for real decisions.

  3. 3.

    The BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) lets you recycle capital and scale a portfolio without needing a new down payment for every property.

What it covers

Who wrote it

Brandon Turner is an investor, entrepreneur, and co-host of the BiggerPockets Real Estate Podcast, one of the most downloaded business podcasts in the world. He has personally owned and managed hundreds of rental units and uses BiggerPockets as a platform to teach new investors the mechanics of buy-and-hold real estate. He has written several other books in the BiggerPockets series, including guides on managing rental properties and investing with no and low money down. He lives in Hawaii and continues to invest actively.

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