Are these sentences right?
Let’s be on a first name basis with each other.
Please read the text from the first.
I’ll be rich first or last.
I was the first to come home.
The book carries a lot of useful information.
Is there need for us to translate this text?

Question

Answer

Let’s be on a first-name basis with each other.  
Correct, except first-name is usually hyphenated because it functions as an adjective.
Please read the text from the BEGINNING.
I’ll be rich first or last. I don't know what you mean by this.
I was the first to come home. CORRECT
The book CONTAINS a lot of useful information.
Is there A need for us to translate this text?

Answer

Yes but please read the text from the beginning.