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The Side Hustle and Business Show with Eric Lindsey
We will provide you with up-to-date side hustles and business tips to help you operate a successful side hustle or business. You will learn how to manage your business while working full-time or having very little time to contribute to building your business. This podcast will supply you with the roadmap that leads to financial security. We will give you step-by-step actionable tips that you can implement in your everyday life to find success through side hustles, small businesses, part-time, or even full-time endeavors.
The Side Hustle and Business Show with Eric Lindsey
Building Wealth Through Short-Term Rentals While Running a Full-Time Business with Bill Faeth 🤯✨
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. 🚀
Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey