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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


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You can find more of Bill online at:
Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1
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Instagram: @BillFaeth73
Tik Tok: @bfaeth
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