Building Long-Term Wealth with Short Term Rentals. Real Estate's #1 Asset Class with Bill Faeth
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 23 October 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
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.
Top 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 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. Your cost segregation benefits going to be less at the beach than it would be if you go to North Carolina. It's going to be higher in South Dakota than it would be in Malibu.
A game-changing hub for elite STR investors set on revolutionizing their financial game - The STR War Room
Sponsors
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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.
Transcript
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| 0:00.0 | Boom Shake the Room Fire Nation, JLD here and welcome to entrepreneurs on fire brought to you by the HubSpot Podcast Network, the audio destination for business professionals with great shows like I digress today we'll be |
| 0:14.7 | breaking down how to build long-term wealth with short-term rentals real estate's |
| 0:19.8 | number one asset class to drop these value bombs I have brought |
| 0:23.0 | Bill Faith in the Eofire studios. Bill is a renowned real estate |
| 0:26.7 | investing expert entrepreneur and founder of build short term |
| 0:30.3 | rental wealth. A highly successful educational platform for real estate |
| 0:34.1 | investors with over 25,000 members in today's nation we'll talk about why real estate |
| 0:39.3 | investing is awesome we'll talk about short-term rentals as the best asset class. We'll talk about |
| 0:44.4 | S. T. R. The War Room and so much more. And a big thank you for sponsoring |
| 0:48.8 | today's episode goes to Bill and our sponsors. The Hustle Daily Show hosted by Juliet Bennett Ryla, Rob Litters, Ben Berkeley and Mark Dent, is brought to you by the HubSpot |
| 1:00.4 | Podcast Network, the Audio destination for business professionals. |
| 1:03.7 | The Hustle Daily Show brings you a healthy dose of irreverent offbeat informative takes on business |
| 1:08.4 | and tech news, like a recent episode on Hackers versus casinos, where the hosts talk about MGM resorts and |
| 1:13.8 | Caesars entertainment and the devastating potential of cyber attacks. |
| 1:16.9 | Listen to the hustle daily wherever you get your podcasts. |
| 1:20.0 | Don't be the bottleneck to your organization's growth, accomplish more with |
| 1:24.4 | ballet. To get started, schedule a free delegation consultation with ballet in just |
| 1:29.1 | 30 minutes. See how their flexible staffing solutions can grow your business and free you up to lead. |
| 1:34.6 | Text Fire to 5-123 to schedule your delegation consultation today. |
| 1:40.5 | Bill, say what's up to Fire Nation, and share something that you believe about becoming successful |
| 1:48.0 | that most people disagree with. |
| 1:51.0 | What's up everybody? |
... |
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