Bill Faeth Unfiltered

How to Tackle the Current Financial Climate

Listen Later

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!



This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.


Challenging Times for New Investors:

  • Many new investors are navigating unfamiliar territory.
  • Interest rates are fluctuating, and it's crucial to explore multiple lenders.
  • Don't rely on a single lender; consider local banks, credit unions, and mortgage brokers.
  • Avoid DSCR products if possible, as they often come with prepayment penalties.
  • Protect your credit and DTI by strategizing your mortgage applications.

    • Importance of Underwriting and Education:

    • New investors should focus on learning how to underwrite property performance.
    • Bill teases the upcoming launch of a "Rookie to Intermediate Mastermind" for novice investors.
    • Proper education and strategy are essential in today's challenging market.

      • Interest Rates and Economic Outlook:

      • The economy has shown signs of slowing down, but there's uncertainty about when it will stabilize.
      • Interest rates have fluctuated, making it a challenging time for investors.
      • However, if a deal makes sense financially and you can get it done, it's a good investment.

        • Repositioning Properties:

        • Repositioning properties through refinancing can lead to substantial savings.
        • Bill shares his personal experience with refinancing and its impact on cash flow.
        • Emphasizes the importance of not relying solely on cost-saving benefits when buying properties.

          • Financial Preparedness:

          • Have at least six months of carry costs set aside to weather any downturns.
          • Calculate all expenses, including mortgage, insurance, utilities, and fees.
          • Having a financial cushion provides security and prevents hasty property sales during tough times.

            • Conclusion:

            • Determine your cash-on-cash return and cash flow based on your unique situation.
            • Bill follows a minimum of 15% cash-on-cash return, but each investor's threshold may vary.
            • Investing in today's market is possible with the right financial strategy and education.
            • Thanks for joining the STR Unfiltered podcast.

              • Learn more about your ad choices. Visit megaphone.fm/adchoices

              ...more
              View all episodesView all episodes
              Download on the App Store
              Bill Faeth UnfilteredBy Bill Faeth
              • 4.8
              • 4.8
              • 4.8
              • 4.8
              • 4.8

              4.8

              97 ratings

              More shows like Bill Faeth Unfiltered

              View all
              BiggerPockets Real Estate Podcast by BiggerPockets

              BiggerPockets Real Estate Podcast

              16,749 Listeners

              Slick Talk: The Hospitality Podcast by Skift

              Slick Talk: The Hospitality Podcast

              71 Listeners

              Thanks For Visiting by Airbnb Superhosts Annette Grant & Sarah Karakaian

              Thanks For Visiting

              590 Listeners

              Short Term Rental Riches by Tim Hubbard

              Short Term Rental Riches

              144 Listeners

              Real Estate Rookie by BiggerPockets

              Real Estate Rookie

              1,819 Listeners

              Short Term Rental Secrets Podcast by MICHAEL SJOGREN

              Short Term Rental Secrets Podcast

              8 Listeners

              BiggerPockets Daily by BiggerPockets

              BiggerPockets Daily

              319 Listeners

              The Short Term Show by 8 Figure Airbnb and Short Term Rental Real Estate Investor Avery Carl

              The Short Term Show

              453 Listeners

              Good Morning Hospitality by Skift

              Good Morning Hospitality

              11 Listeners

              On The Market by BiggerPockets

              On The Market

              901 Listeners

              STRonomics by Bill Faeth & Kenny Bedwell

              STRonomics

              53 Listeners

              The STR Sisterhood by Stacey St. John

              The STR Sisterhood

              27 Listeners

              The STR Home Financing Podcast by Jeff Chisum

              The STR Home Financing Podcast

              36 Listeners

              STR Data Lab™ by AirDNA by Jamie Lane

              STR Data Lab™ by AirDNA

              27 Listeners

              Short Term Rental Management by 8 Figure Airbnb and Short Term Rental Real Estate Investor Luke Carl

              Short Term Rental Management

              292 Listeners

              The Hospitality Mentor by Steve Turk

              The Hospitality Mentor

              43 Listeners

              Cash Flow Positive by Kenny Bedwell

              Cash Flow Positive

              60 Listeners

              Workflows & Espressos by Hospitality.FM

              Workflows & Espressos

              10 Listeners

              Short Term Rental Pros Podcast by Jeremy Werden

              Short Term Rental Pros Podcast

              9 Listeners

              The David Greene Show by David Greene

              The David Greene Show

              706 Listeners

              TRAVEL redefined by Sarah Dandashy

              TRAVEL redefined

              8 Listeners

              The Pink Elephant with Chris Adams by Chris Adams

              The Pink Elephant with Chris Adams

              5 Listeners

              The Vacation Rental Micro-School by Hospitality.FM

              The Vacation Rental Micro-School

              3 Listeners

              Short Term Rental Solutions by Christianne Crump

              Short Term Rental Solutions

              16 Listeners

              The Hospitality Breakroom: Certainty Served Weekly with Inhaven by Rachel Alday & Abode Luxury Rentals

              The Hospitality Breakroom: Certainty Served Weekly with Inhaven

              7 Listeners

              Suite Success: Masters of Hospitality by Skift

              Suite Success: Masters of Hospitality

              77 Listeners