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.

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!

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

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