Couple’s Retreat - https://go.buildstrwealth.com/montanacouples
Bill and his wife, Brea, discuss the importance of alignment in both personal life and investment strategies. The couple recounts their early misalignments and how their journey into real estate investments, specifically short-term rentals, brought them closer. They share their first significant investment in a beautiful beach house in Seaside, Florida, and their subsequent realization that they could not afford the 30A market. They opted for a more affordable investment in Gulf Shores, Alabama, which became a pivotal learning experience. They emphasize the need for clear criteria when selecting properties, sharing Brea's three must-haves: seeing, hearing, and smelling the ocean. The couple also talks about their experiences with property management companies, detailing their failures and eventual success after taking over management themselves. They highlight the importance of continuous education and alignment on financial goals. Their investment journey includes significant milestones such as their first investment property Bella Vista, and their biggest investment in Banner Elk, North Carolina. They discuss their practical strategies, including leveraging interest-only loans and maintaining a principal account. The couple also touches on the emotional aspects of selling beloved properties to reinvest for better financial returns. The episode concludes with an invitation to their upcoming couples retreat in Whitefish, Montana, aimed at helping couples align their personal and financial goals while enjoying a unique and intimate setting.
00:00 Introduction to Alignment in Investing and Personal Life
00:24 Starting the Journey: Early Misalignments
00:36 Discovering Short-Term Rentals
01:32 First Investment Challenges and Lessons
04:30 Taking Control: Self-Management
05:49 The Importance of Alignment in Investments
10:43 Smith Lake Investment and New Strategies
12:52 Banner Elk: A New Opportunity
15:18 Financial Understanding and Emotional Growth
22:24 The Power of Alignment in Personal and Professional Life
25:58 Invitation to Couples Retreat
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• Check Out Our website: https://buildstrwealth.com/
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On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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