327. How To “Ask for Money” and Access Financing with Bill Allen

Today’s expert guest is Bill Allen in an interview conducted during TFVCON2023. Bill’s informative presentation inspired and empowered attendees to seek out creative financing outside of the typical bank structure. It may sound scary, but the logic behind this shift will surprise you!

Amid the buzz and bustle of the conference atmosphere, Bill gets tactical with tools to shift your mindset from lender to partner, from building a transaction to building a relationship. He also shares wisdom on what to do when it goes wrong, and how to hack your process to avoid failure (at least in the traditional sense) altogether.

It’s an eye opening perspective, to be sure. Check out the below linked related episodes for more information on these concepts, and keep an eye out for upcoming episodes in this area as more and more short-term hosts look to pull the plug on their short-term rental dreams.

(00:01:23) #STRShareSunday: @theadamsfarmhousevt

(00:04:11) Exploring the Idea of Family/Friendly Financing

(00:06:52) Mastering the Mindset of Creative STR Financing

(00:10:39) What Happens When an STR Deal Doesn’t Work Out?

(00:15:52) Changing How We View & Use Banks

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!

Airbnb Essentials Checklist: hostchecklist.com

#STRShareSunday: @theadamsfarmhousevt

Tips for Establishing a Private Lending Partnership #281

Buying Land & Property Using Creative Financing Options with Mike Hicks #124

Read: Failing Forward: Turning Mistakes into Stepping Stones for Success