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Ever wonder how a $300K renovation budget turns into a $600K one — and still makes sense? This project in Whitefish, Montana started as a simple house flip and evolved into three businesses in one property: a luxury wedding venue, a private pickleball club, and a high-end STR. Along the way, we’ve added value in ways most investors overlook — from buying extra land and regrading the ceremony space to designing for exit resale at $4M+ instead of just nightly revenue.

In this episode, I’m pulling back the curtain on the decisions behind those numbers — the stress, the design upgrades, and the strategic thinking that turns big budgets into even bigger returns. Whether you’re renovating a small condo or scaling into luxury, these principles apply at every level.

📍Chapters📍

00:00 – How a $300K Renovation Became a $600K Power Play

01:42 – From Simple STR to Three Businesses in One Property

04:15 – Why I’d Rather Buy Big Than Play It Safe With Condos

07:08 – Turning a Dirt Patch Into a $40K Wedding Venue

10:50 – Creating a 55% Cash-on-Cash Return With Smart Add-Ons

13:35 – The Secret to $90K Passive Income: A Private Pickleball Club

17:22 – Designing for Exit: Why Resale Strategy Matters More Than You Think

20:45 – How to Manage Chaos: Contractors, Start-Stops, and Tight Timelines

24:10 – The “Two Extra Steps” That Eliminate Costly Renovation Mistakes

27:35 – Small Design Decisions That Create Million-Dollar Perceived Value

Connect with Bill

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🔸 LinkedIn: https://www.linkedin.com/in/billfaeth/

🔸 TikTok: https://www.tiktok.com/@bfaeth

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