In this episode, Bill and Chris discuss how to master down payment assistance and the importance of advance preparation. Bill emphasizes the necessity of planning at least 90 days ahead to ensure financial readiness. He explains that lenders require a history of seasoned funds, typically going back 90 days. Bill also highlights the significance of maintaining a high credit score to secure premium rates from banks. He shares his personal strategies for managing credit, such as paying off credit card debt weekly and knowing the reporting dates for each card. Bill advises against canceling unused credit cards to maintain credit history and offers tips on managing debt between spouses for better credit outcomes. Chris shares his journey of rebuilding his credit, emphasizing the value of starting with small credit cards and gradually building up. Bill discusses the benefits of having children on parents' credit cards to help them establish a strong credit history early. The episode concludes with Bill's insights on using credit cards for point hacking to maximize rewards and the best practices for ensuring financial responsibility and readiness when purchasing real estate.00:00 Introduction and Setup00:38 Meet the Co-Host: Christopher Wharton00:52 Planning Your Down Payment Assistance02:29 Understanding Credit Scores and Their Impact03:30 Credit Card Management Tips05:03 Managing Debt and Credit for Real Estate07:13 Credit Building Strategies08:38 Credit Card Hacks and Final Tips12:07 Conclusion and Final Thoughts➡️ Connect with us:• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73• Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth 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.Subscribe/Follow so you never miss an episode!#BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse's Midterm Rental Summit: https://midtermrentalsummit.com/Bill's STR Wealth Conference: https://strwealthconference.com/Super Property Grader: https://go.buildstrwealth.com/superpropertygraderIn this episode, Bill shares a personal story of facing zoning violations for hosting retreats at his property, revealing the stress and complications involved. Bill and Jesse discuss the broader challenges of running short-term rentals, including facing opposition from neighbors and dealing with environmental and state-level regulations. Jesse shares his own similar experience in Aptos and sheds light on the difficulties of dealing with changing city laws and unexpected fines. The conversation shifts to strategies for overcoming these hurdles, emphasizing the importance of thorough market research, understanding local regulations, and creative ways to increase property value and manage operational costs. Bill also touches on how understanding market dynamics, such as those in Whitefish, Montana, can lead to substantial financial gain. They explore the concept of midterm rentals, discussing how they can be a viable alternative, especially in markets with high short-term rental competition and regulations. Both highlight the importance of diversifying investments, leveraging market knowledge, and community engagement for long-term success. The episode concludes with a discussion on upcoming events, including the Midterm Rental Summit in San Diego and the STR Wealth Conference in Nashville, where they will share more insights and strategies with the community.00:00 Introduction to Bill Faeth Unfiltered00:14 Zoning Violation and Neighbor Issues01:20 Permit Problems and Environmental Hurdles01:54 Real Estate Challenges and Personal Stories04:06 Investment Strategies and Market Insights09:44 Emotional Ties to Properties13:35 Diversification and Market Analysis23:00 Leveraging Local Knowledge for Investment26:27 Creative Investment Strategies for Seasonal Properties27:28 Leveraging Local Resources for Business Expansion29:27 Innovative Approaches to Hotel and Rental Management31:04 Success Stories and Business Development Insights32:57 Market Trends and Operational Challenges34:37 The Future of Midterm Rentals38:22 Upcoming Conferences and Networking Opportunities40:28 Final Thoughts and Acknowledgements➡️ Connect with us:• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73• Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth 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.Subscribe/Follow so you never miss an episode!#BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Super Grader: https://go.buildstrwealth.com/superpropertygraderProforma: https://buildstrwealth.com/proformaBill breaks down invaluable insights and tips on short-term rental property investments to avoid common pitfalls and optimize your returns. Drawing from real-world examples and personal experiences, the episode covers crucial strategies such as avoiding market-wide investments, focusing on specific properties, analyzing sub-markets by bedroom count, understanding entry costs, utilizing creative financing, and leveraging tax benefits. It also highlights the importance of cash flow, appreciation, debt pay-down, and tax incentives while making investment decisions. Lastly, the host shares practical tools like the 'super grader' method for evaluating potential property investments effectively.00:00 Introduction to Rental Property Investing00:08 Common Mistakes in Real Estate Investing01:11 Importance of Bedroom Count in Property Investment02:32 Barrier to Entry Costs04:19 Creative Financing Strategies05:57 Investing in Condos07:26 Four Pillars of Real Estate Investment10:16 Return on Equity Audit14:12 Super Grader and Performance Metrics15:50 Conclusion and Final Tips➡️ Connect with us:• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73• Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth 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.Subscribe/Follow so you never miss an episode!#BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Tony Stancato, a successful entrepreneur in property management known for his savvy use of LinkedIn, discusses his leap into full-time short-term rentals after a transformative 90-day posting challenge. He shares insights on utilizing cloud-based management software to streamline operations and the strategic acquisition of a multi-unit boutique motel in Northern Michigan. Tony emphasizes advanced revenue management techniques, like one-night minimum stays, and the importance of adaptability in navigating construction challenges, ultimately showcasing the evolving landscape of property management.

https://strwealthconference.com/Bill is joined by Micheal Burt, a legendary high school basketball coach turned business coach, at the Greatness Factory in Nashville, Tennessee. Burt shares his journey from starting as a basketball coach at 15 to becoming the 'Super Coach,' a title given to him by Grant Cardone. He discusses his coaching philosophy, which includes integrating psychological principles from Stephen Covey's works into his coaching methods. Burt emphasizes the importance of intensity, persistence, and the 'prey drive'—a term he uses to describe the drive to succeed. He also shares his early life experiences, being raised by a single mother and learning valuable lessons from coaches who became his mentors. Both Burt and Faith reflect on their own paths and the concept of finding one's purpose early in life. They also discuss the importance of having a coach and the value of long-term mentorship and exposure to high achievers. Burt talks about the challenges he faced in the business world, like being kicked out of his initial Greatness Factory venue, which taught him the importance of owning assets. He also describes how to convert one's skills and potential into real success through proper vehicles and environments. Faith highlights the significance of immersive experiences at smaller, intimate events for true transformation. The episode concludes with Burt sharing how to engage with his coaching programs and upcoming speaking events, emphasizing the long-term benefits of continuous learning and mentorship.https://www.coachburt.com/www.instagram.com/michealburt/00:00 Welcome to Bill Faith Unfiltered00:02 Introducing the Greatness Factory00:38 Meet Super Coach Micheal Burt01:38 Micheal Burt's Coaching Journey04:12 The Making of a Championship Coach08:40 Transitioning to Business Coaching13:43 Unlocking Potential with Prey Drive15:21 Building the Greatness Factory20:49 Entrepreneurial Spirit and Boldness23:52 The Power of Manifestation24:24 Creating a Culture of Trust and Purpose24:45 The Importance of Environment and Surroundings25:10 Building Deep Relationships30:55 The Language of Winning33:01 The Success Cycle vs. The Sewer Cycle34:30 The Value of Proximity and Immersive Experiences35:39 The Journey to Mastery39:02 The Importance of Seizing Opportunities48:00 Final Thoughts and Contact Information➡️ Connect with us:• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73• Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth 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.Subscribe/Follow so you never miss an episode!#BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

In this engaging discussion, Justin Ford, an expert in short-term rental safety and creator of a leading safety course, dives into the often-overlooked topic of property safety. He reveals alarming statistics about inadequate safety measures in rentals and shares insights from a major safety inspection that exposed numerous dangers. The conversation covers common mistakes hosts make, from misplaced fire extinguishers to grilling hazards. With a touch of humor, Ford highlights the concept of 'vacation brain,' emphasizing the need for proactive safety precautions in every rental.

Tyler Coon, known as the 'King of Seller Credits' from Savvy Realty, joins to unravel the power of seller credits in real estate. He shares Bill's impressive wins, including a $150,000 credit on a $3 million property. The duo clarifies the confusion between seller credits and traditional concessions, emphasizing effective negotiation tactics. Tyler explains the critical role of knowledgeable agents and the importance of addendums in transactions. They discuss how these credits can significantly boost cash returns and property value, making them an indispensable tool for savvy investors.

Bill shares insights from his recent ski vacation and the Savvy Summit, where he explored potential investments in ski resorts. He considers purchasing a substantial property and discusses the challenges and costs associated with such ventures. Transitioning to real estate, he highlights key factors in short-term rental investments, such as cash flow and tax benefits. Bill emphasizes understanding credit and the importance of continuous market analysis, all while enriching his expertise through proactive strategies and community engagement.

Discover five pivotal lessons for entrepreneurial success that could have changed a decade of decision-making. Learn how mastering financial management is crucial from the start. Understand the importance of ensuring a genuine market need and how to stand out in a crowded space. Explore hiring strategies that prioritize team compatibility over traditional skills. Plus, uncover the necessity of quick decision-making, especially during crises, and the importance of continually refining your unique value proposition to address customer needs.

In a captivating discussion, Jeff Hampton, an attorney specializing in real estate investing and asset protection, shares insights from his book, 'The Investor's Blueprint to Asset Protection Made Simple.' He emphasizes the layered approach to asset protection, combining LLCs, holding companies, and insurance, tailored for different states. Jeff debunks myths surrounding asset protection, stressing its necessity for all investors. He also sheds light on the Corporate Transparency Act and the importance of comprehensive insurance coverage. This episode is a treasure trove for anyone looking to safeguard their wealth.