I’m writing another book! (sneak peek)
Listen to the Podcast Here:
Watch on YouTube Here:
[updated 10/14/2022]
Below is an EARLY draft outline of the book’s title, subtitles, target audience, and table of contents. It may look a lot different before it’s done!
But feel free to read it over, and I would LOVE your comments about:
- what you like
- what you don’t like
- what else you’d like to see in the book
If you or someone you know would make a good featured profile in the book, please let me know more in the comments below.
Thanks for being a supporter and part of the book writing process with me!
Chad / Coach
Title and Subtitle
Title: The Small & Mighty Investor
Subtitle: A Guide to More Freedom With Fewer Properties
Alternative Subtitles:
- The Guide to More Freedom With Less Hassle in Real Estate Investing
- A Guide to More Freedom With Fewer Properties
- A Guide to More Freedom & Free Time With Fewer Properties
- More Freedom, More Time, Fewer Hassles
- Small Real Estate, Big Freedom
Target Market:ย
- In mid to late 30s. Married.
- Starter or Builder (not Ender, although they might also like book)
- Active investor (5+ hours per week available)
- Wants to directly own real estate (vs passive syndications, REITS, etc)
- Loves the idea of real estate investing but is overwhelmed and/or intimidated by the โbignessโ of typical real estate investing advice.
- Doesnโt relate to the examples they often see online and theyโre seeking a role model and a system more in alignment with their goals and life priorities.
Pain/Desire of Target Market:ย
- Frustrated by lack of time and control over personal life.ย
- Feels stuck. Trapped. In worst times, a little hopeless.
- Really wants more time, more freedom, more flexibility, more optionsย
- But scared of changing things up & making a big mistake. Scared itโs too late. Risk averse.ย
- Also scared of economic changes, of being left behind, of missing out on opportunities and unfulfilled potential in their life.
- Not opposed to work, per se, just doesnโt like the status quo trading hours for dollars
- Looking for a clear, trusted real estate/financial guide and process. Not over-the-top. Grounded, real, workable, understandable, doable.ย
BOOK OUTLINE:ย
Part 1: The Small & Mighty Manifesto
1. The Myth of the Big Real Estate Empire
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- Couple #1
- Couple #2
- Couple #3
- Letโs Extend the Trip
- The Three Currencies of a Good Life
- The 17-month trip of a lifetime
- [DRAWING/IMAGE]
- Big dog (โbig businessโ) dragging the business owner
- Well behaved, smaller dog (S&M) sitting at business ownerโs side
- [DRAWING/IMAGE]
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2. The 7 Small & Mighty Rules For Investing Success
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- 1. Life first, business second
- 2. Real estate tortoise (not the hare)
- 3. Just start with four properties
- 4. Be a craftsperson
- 5. Debt is a tool, not a religion
- 6. Donโt Defer Life
- 7. Measure success differently
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3. How to Become a Small & Mighty Investor
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- A small & mighty investor, defined
- Your Financial Independence (FI) Number
- An Income Floor Using Real Estate
- How Many Rental Properties Do You Need to Be Free?
- Financial Peace Using Real Estate (Karen and Bob story)
- Lean FI & Freedom earlier in life
- Freedom in their early 30s BEFORE financial independence
- The small & mighty entrepreneur
- EXERCISE: Your small & mighty investor plan
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Part 2: The Best Real Estate Strategies For the Small & Mighty Investor
4. How to Find Your Focusย
5.Hack Your Housing to Live For Free
6. Wholesale For Fast Cash
7. Fix-and-Flip for Big Chunks of Cash
8. Short-Term Rentals for Big Cash Flow (include mid-term rentals)
9. Long-Term Rentals for Steady Cash Flow & Growth
10. Turnkey Investing for Those With Less Time
ACTION EXERCISE: Write down your desired real estate strategy. Keep it in mind throughout the rest of the book.
Part 3: How to Buy Right
11. The Right Location
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- Local or long-distance (Growth vs Cash Flow Markets)
- Big picture & local criteria to look for
- Short-Cut to pick the right market for youย
- ACTION EXERCISE: Market study worksheetย
12. The Right Team
13. The Right Property
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- My Ideal Rental Property
- Remember Land Goes Up in Value (Not the Sticks & Bricks)
- Property Types for S&M Investors (with pluses/minuses)
- Single Family Houses
- 2,3,4-unit Apartment Buildings
- Small Apartment Buildings (5-100 units)
- Condos & Townhomes
- Mobile Home on Land
- Small Mobile Home Parks
- Land
- Red flags checklist
- Insist on value, be flexible on property type
- My Ideal Rental Property
14. How to Run the Numbers
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- Two core return drivers
- Income
- Growth
- Key Formulas
- 1% rule
- NOI
- Unleveraged yield (~cap rate)
- Simple spreadsheet
- Internal Rate of Return
- ACTION EXERCISE: Run the numbers on 3 properties
- Two core return drivers
15. How to Find & Negotiate Good Deals
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- Low-cost lead sources that work:
- MLS
- Driving for dollars
- Networking
- Other options to grow into
- Low-cost lead sources that work:
16. How to Negotiating For Good Deals
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- Making an offer
- Negotiating tips
17. Contracts, Due Diligence, & Closings
Part 4: How to Get the Money
18. Traditional mortgages
19. Creative/Alternative Financing
20. Creative strategies if you donโt have down payment funds
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- BRRRR Strategy here
- HELOC, deal partner, lease options, master lease, 401k loan,ย
Part 5: Guide to Small & Mighty Property Ownership
21. Property Management Tips & Best Practices
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- Self or 3rd Party Management – How to Decide
- Best Properties Attract the Best Tenants
- Tenant Screening 101
22. Maintenance & Upkeep
23. Bookkeeping & Administration
Part 6: How to Win the Financial Game
24. Freedom in Phases (Starter, Builder, Ender)
25. Optimization, Debt Payoff, & Exit Strategies
Appendix:
- Case Studies (15-20 — some in book, some in bonuses on BP)
- Common objections/FAQ