Investing In Short Term Rentals In Red States To Prepare For Retirement with Bill Faeth

In this episode, Bill Faith walks us through how he juggled a pro-golf career, launched 37 startups, and built a massive short-term rental portfolio—all while raising a family and figuring out real estate on the fly. 🤯✨Early Influences & Real Estate Spark:Unexpected Start: At 19, Bill earned over $300k as a professional golfer, with his CPA encouraging him to invest in a small duplex.First Duplex: He purchased a 2-bed, 2-bath duplex for $194k, holding it for 19 years and earning a significant gain when sold.Pro Golfer to Full-Time Entrepreneur:No 9-to-5: Bill never took the usual W2 job, instead launching 37 businesses.Golf Income to Real Estate: Rather than splurging on lifestyle expenses, Bill wisely invested his golf prize money into rental properties, growing his net worth and cash flow.Scaling While Running Multiple Ventures 🚀Short-Term Rental Strategy: Bill swapped his long-term rentals for short-term rentals in 2015, noting 3–5 times more income than traditional leases.Invest in “Red States”: He picks conservative-leaning regions with fewer regulations, avoiding urban headaches with strict Airbnb laws.Seller Credits & Local Banks: Rather than negotiating price down, Bill often secures large seller credits (e.g., $150k on a $2.95M Montana property). He also taps local commercial banks for financing, avoiding national lenders with strict STR caps.Family & Time Management 👨‍👩‍👧‍👦⏰SOPs & VAs: He leans on Standard Operating Procedures and Virtual Assistants to automate daily tasks—everything from guest messaging to price updates.Scheduling Mastery: Bill divides his weekdays into blocks (some as short as five minutes) to ensure critical tasks don’t slip. This method allows him to focus on multiple businesses without burning out.Strategic Growth & Current Focus 🔑Buying Unique: From a large six-acre home in Whitefish, Montana, to run-down motels, Bill searches for “unicorn” deals with room to add value.Repurpose & Renovate: Whether turning motels into vacation hubs or condos into standout rentals, he creates properties people remember.Goal Setting: Bill’s “Five Properties in Five Years” plan—each netting ~$50k—means $250k in annual income if done right.Key Takeaways & Advice ⭐💰Know Your Endgame: Whether you’re aiming for $800k or $80k in net income, clarity helps you pick the right deals.Automate to Survive: Systems and Virtual Assistants keep you sane if you’re juggling a job, a family, or multiple businesses.Save Up & Jump In: Bill recommends having at least $75k to handle a 10% down payment plus property improvements—don’t stretch yourself too thin.Buy Where You Can Thrive: Focus on markets where regulations won’t choke your cash flow. Local banks often have more flexibility than national lenders.Final ThoughtsIf you’re swamped at your main job but want a boost in income or a path to retirement, Bill’s methods show you can start small and scale like crazy—all without giving up your day job or business. ‍🔥Website: https://ericlindseyml.com/Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversationClick On The Link Below For More Information About Eric Lindsey:https://linktr.ee/ericlindsey