Bill Faeth Unfiltered

Now Is The Time To be Patient

Feb 13, 2024

In this episode, Bill Faeth emphasizes the importance of patience and diligent research in real estate investing. He shares success stories of securing properties below market value by being patient and conducting thorough due diligence. He also discusses the 5-50-250 plan and how these principles can expedite investment success.

15:58

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Quick takeaways

Patience is crucial in real estate investing to avoid rushing into deals and missing potential opportunities.

Thorough research, building rapport, and calculating profits are essential for successful real estate investments.

Deep dives

Integration with Host Co-Shop on Stafai's Homepage

Stafai has released a new feature called Homepage that enhances the guest experience. When guests log into the Wi-Fi through Stafai, they are redirected to this Homepage which allows integration with the host's co-shop for upsells and with local attractions. The Homepage also provides direct links to the host's website, guidebook, and booking button, simplifying the guest's interaction with the property.

Introduction

2min

Patience in Real Estate Deals

6min

Strategies for Identifying Investment Opportunities in the Motel Industry

2min

Real Estate Investment Success Through Patience and Due Diligence

2min

Strategic Property Purchase and Financial Maneuvering

4min

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This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

In this episode of the STR Unfiltered podcast, Bill Faeth discusses the importance of patience and diligent research when approaching real estate investing. He touches upon the current market, interest rates, and aligns against the rush to buy properties. By explaining the different aspects involved while making a deal, he emphasizes how building rapport, understanding the property, and calculating the profits leads to successful investments. He provides an example of how patience and scrutiny led him and his team to secure a boutique motel under contract for less than its original price. In conclusion, he explains how these principles can let one expedite their 5-50-250 plan.

01:01 Introduction and Current Investment Climate

02:27 The Importance of Patience in Real Estate

03:13 Case Study: Boutique Motel Investment

05:44 The Power of Due Diligence and Patience

10:39 Case Study: Banner Elk Property Investment

15:19 The 550 250 Plan and Conclusion

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