In this episode, Bill Faeth explains how he balances a short-term rental education business with scaling his own real estate investments. He highlights a specific move: selling a $1.7 million property to free up $1 million in equity, then rolling it into a $2.95 million modern cabin in Whitefish, Montana.

From hosting 9–10 live events annually to converting a three-car garage into additional suites, Bill shows how you can create multiple income streams without abandoning your main gig. 🚀

Things Discussed
Early Influence & Real Estate Spark ⚡
Entry Point: Bill was already running a short-term rental education business. He used that experience to spot profitable deals.

Equity Play: By cashing out $1 million from a previous property, he unlocked the funds needed for a bigger purchase with better returns.

Short-Term Rental Education & Portfolio Building 🏠📊
Unique Amenities: The Whitefish cabin has a trout-stocked pond, a guest house, and space to build a 75×75 learning center for Bill’s events.

Financing Approach: He shops seven or more lenders—local banks, credit unions, and national players—presenting detailed financials that prove his rentals outperform average market comps.

Scaling While Running a Business 🚀💼
Focused Growth: By keeping each property under its own LLC and bank account, Bill stays organized despite a busy schedule.

Solid Leverage: After applying $1 million in equity, he carries a $1.95 million note, maintaining comfortable monthly obligations.

Appreciation & Cash Flow: Whitefish averages about 5.7% annual growth, so Bill benefits from nightly rental revenue and long-term property value gains.

Adding Extra Income Streams & Future Plans 💡🔮
Conversion Projects: Turning the garage into more guest suites boosts occupancy and revenue.

Destination Appeal: Close to a ski resort, Glacier National Park, and local attractions, this property stands out in the short-term rental market.

Ongoing Education: Bill continues hosting events, which can add another $1–$1.5 million a year in revenue from training programs and retreats. 🔥

Key Takeaways & Advice ⭐💰
Treat Each Property as Its Own Business: Separate LLCs, bank accounts, and QuickBooks keep finances clean.

Vet Lenders Thoroughly: Have your data ready—showing strong performance helps secure better rates.

Use Your Main Income Wisely: Whether it’s a job or another business, steady earnings can open doors to bigger real estate opportunities.

Think Beyond Basic Rental Income: Unique amenities and event spaces can multiply your cash flow potential.

Bill proves that even with a demanding business, you can score big real estate wins! 🔥✨

By leveraging equity, staying organized, and focusing on unique properties, you can turn your side hustle into serious wealth—without ditching your primary source of income. 🚀

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