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Building Long-Term Wealth with Short Term Rentals. Real Estate’s #1 Asset Class with Bill Faeth

October 23, 2023

Bill Faeth is a renowned real estate investing expert, entrepreneur, and founder of Build Short Term Rental Wealth, a highly successful educational platform for real estate investors with over 25,000 members.

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Guest Resource

The STR War Room – A game-changing hub for elite STR investors set on revolutionizing their financial game.

3 Value Bombs

1) The Augusta Rule says you can rent your primary residence for up to 15 days at full market value tax-free.

2) You need to understand how to build a super property, turning that into a super portfolio and building it into a super life with intention.

3) Part of the investing strategy is if you go to the beach, the land value — the sand — is way more valuable, so the dwelling cost is going to be less.

Sponsors

HubSpot: Put your sales team on the fast track to winning Q4 with Sales Hub! Learn more at HubSpot.com/sales!

Belay: Don’t be the bottleneck to your organization’s growth! Schedule a free delegation consultation with Belay! Text FIRE to 55123 to schedule your delegation consultation today!

Millionaire University Podcast: Teaching you how to run a successful business and graduate rich, not broke! Find Millionaire University on Apple, Spotify, YouTube, or wherever you get your podcasts.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Building Long-Term Wealth with Short Term Rentals. Real Estate’s #1 Asset Class

[1:06] – Bill shares something that he believes about becoming successful that most people disagree with.

  • Every single person on this planet – regardless of your upbringing, the society you grew up in, the city you grew up in – we all have a limited number of opportunities that are presented to us; a lot of us miss those opportunities.

[2:27] – What is real estate investing and why is it awesome?

  • If you do it correctly, you’re investing in appreciating assets.
  • Switching long-term rentals to short-term rentals delivers 5-7x returns and gets the same exact appreciation

[4:07] – Why is short-term rental the best asset class?

  • Short-term rentals are tangible assets that appreciate over time. They generate significant cash flow, and most importantly, it’s passive.

[4:52] – Tax benefits of short-term rentals.

  • The Augusta Rule says you can rent your primary residence for up to 15 days at full market value tax-free.
  • The biggest one is accelerated depreciation when you invest in a short term rental.
  • Part of the investing strategy is if you go to the beach, the land value — the sand — is way more valuable, so the dwelling cost is going to be less.

[8:40] – A timeout to thank our sponsors!

  • HubSpot: Put your sales team on the fast track to winning Q4 with Sales Hub! Learn more at HubSpot.com/sales!
  • Belay: Don’t be the bottleneck to your organization’s growth! Schedule a free delegation consultation with Belay! Text FIRE to 55123 to schedule your delegation consultation today!
  • Millionaire University Podcast: Teaching you how to run a successful business and graduate rich, not broke! Find Millionaire University on Apple, Spotify, YouTube, or wherever you get your podcasts.

[11:25] – Bill talks about his STR super team.

  • Most CPA’s do not know how to take full advantage of the STR loophole.
  • He’s got the Bank Whisperer. He’s the one that takes members and gets them funded. He knows where to find the deals that don’t come with liability.
  • He has an expert in Facebook ads listing optimization.
  • Surround yourself with the best people who have better individual skill sets than you.

[14:18] – What Bill has to say about the War Room.

  • The War Room is different than a mastermind. They bring the best deals available in the country to the war room members.
  • When you’re inside the war room, you can’t make a bad deal.
  • They analyze deals, help you with your legal docs, with asset protection… They’re setting you up the correct entities.

[16:25] – Bill’s key takeaway and call to action.

  • You can get access to the #1 investment asset class: short-term rentals.
  • You need to understand how to build a super property, turning that into a super portfolio and building it into a super life with intention.
  • The STR War Room – A game-changing hub for elite STR investors set on revolutionizing their financial game.

[20:04] – Thank you to our Sponsors!

  • HubSpot: Put your sales team on the fast track to winning Q4 with Sales Hub! Learn more at HubSpot.com/sales!
  • Belay: Don’t be the bottleneck to your organization’s growth! Schedule a free delegation consultation with Belay! Text FIRE to 55123 to schedule your delegation consultation today!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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