Episode 123 - Importance of coaching and building wealth through Short-Term Rentals Guest Bill Faeth
In this episode of The Vacation Rental Revolution Podcast, host Shawn Moore interviews Bill Faeth from Build STR Wealth. The conversation delves into Bill's background, starting from his early life, being raised by a teacher mother, and his introduction to entrepreneurship through selling t-shirts to fund his golf competitions. Bill shares pivotal moments in his life, such as dropping out of UCLA with a golf scholarship to turn professional, receiving financial support from Buck Owens, a country music legend, and later making significant decisions in his e-commerce ventures.The discussion emphasizes the importance of sales and marketing in business and transitions to the real estate career, particularly in short-term rentals. Bill highlights the significance of learning from mistakes, sharing a personal experience of losing $127,000 on his second short-term rental. Both Shawn and Bill stress the importance of having coaches and mentors throughout their entrepreneurial journeys, acknowledging that everyone, regardless of experience, benefits from guidance. The episode concludes with insights into the challenges of ego and the continual learning process in real estate investing.Follow Bill Faeth:Instagram: https://www.instagram.com/billfaeth73/LinkedIn: https://www.linkedin.com/in/billfaeth/Tik Tok: https://www.tiktok.com/@bfaeth