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The most important skill you need as an STR Investor

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

In this episode of STR Unfiltered, host Bill Faeth, founder of numerous start-ups including ‘Build Short Term Rental Wealth’, delves into what he believes is the most crucial skill in real estate investment: underwriting. Bill reveals that although often overlooked or simplified by other investors, accurate and comprehensive underwriting is vital to mitigate risk and to build a prosperous portfolio in real estate. He emphasizes the importance of understanding all aspects of your investment, from operating expenses to cashflow, and warns against solely relying on simplified online calculators and realtor’s numbers. Bill further suggests multiple scenarios for financial performance based on various financial aspects should be considered before deciding to invest.

00:01 Introduction and Host Background

00:17 The Importance of Underwriting in Real Estate

00:55 Understanding the Big Daddy Performa

02:26 The Pitfalls of Misunderstanding Operating Expenses

04:01 The Dangers of Overconfidence in Real Estate Investing

04:50 The Importance of Running Multiple Performas

07:44 The Role of Financing Scenarios in Underwriting

08:34 The Importance of Robust Data and Information

09:52 The Importance of Cash Flow and the Dangers of Ignoring It

10:03 Conclusion and Final Thoughts

Watch this episode on our YouTube Channel Every Tuesday & Friday

https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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You can find more of Bill online at:

Bill Faeth Linktreehttps://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1

Build STR Wealthhttps://buildstrwealth.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

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