The Rich Somers Report

Developing Outpost X, The Roundup/Monsanto Crisis & His $17M Exit w/ Chamber Media | Travis Chambers E262 Oct 31, 2024

What does it take to truly succeed in business and defy the odds? Join Rich Somers as he chats with Travis Chambers, the visionary behind Outpost X, a one-of-a-kind sci-fi movie set hotel in the Utah desert. After a remarkable $17 million exit from Chamber Media, Travis opens up about his journey—from a childhood filled with adversity to crafting an extraordinary experience that transports guests into another world.

In this captivating episode, Rich engages Travis in an exploration of entrepreneurship, where the importance of sales skills and meticulous attention to detail becomes paramount.

They discuss how Outpost X is more than just a hotel; it’s a transformative space of healing and imaginative escape, inviting guests to immerse themselves in a truly unique experience.

Travis reflects on the challenges he has faced, including the complex legacy tied to his father's involvement in the Roundup/Monsanto crisis, and how these experiences have shaped his mission.

The conversation delves into workplace culture, the critical role of innovation in hospitality, and the unique challenges of funding unconventional stays in a market that often shies away from the new and untested.

Travis shares invaluable insights on overcoming adversity and the transformative power of vision in entrepreneurship. With an adventurous spirit, he inspires listeners to embrace opportunities and challenge the status quo.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The "4 x 4 x 48" Explained & How He 3x'd the value of his first Apartment Deal | Michael Garcia E261 Oct 29, 2024

How does the "4 x 4 x 48" challenge parallel the journey of tripling the value of a multifamily property in less than two years? Join Rich Somers and Michael Garcia as they uncover the power of commercial real estate through Michael's remarkable transformation—from selling his single-family house to investing in a 12-unit multifamily deal that achieved outstanding results in just 23 months. Explore the challenges he faced, the invaluable lessons learned in his first deal, and why resilience is crucial for every serious investor.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Don't Invest in Real Estate if You're Broke, Do this Instead | Ryan Pineda E260 Oct 26, 2024

Think real estate rentals are the way out when you're broke? Rich Somers and Ryan Pineda challenge that assumption head-on, showing why focusing on active income is crucial before diving into rentals. Ryan shares smarter strategies to build wealth the right way, stack cash fast, and avoid low-yield investments. Make moves, not mistakes.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Build a Hotel Business: How Much They Cost, How to Run it, How to Find Partners | E259 Oct 24, 2024

Discover how to turn tightening Airbnb regulations into your advantage by transitioning into the lucrative hotel industry. Learn the insider secrets to finding hotel deals, mastering operations, and securing the right partners to grow your portfolio. If you're ready to elevate your investment game, this episode has everything you need to get started!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Bought Over 3,000 Apartment Units: Market Forecast, & Top Multifamily Strategies | Jason Yarusi E258 Oct 22, 2024

Rich sits down with real estate expert Jason Yarusi to discuss how he grew a $300M commercial real estate portfolio, key strategies for successful real estate investing, and the importance of market knowledge and focusing on niches.
Jason Yarusi has built and exited a construction company, restaurants, a brewery and multiple large apartment communities. Jason is a Private fund manager of over $300M of Multifamily real estate. Since 2017 his company Yarusi Holdings has amassed over 2,500 apartment units.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Fertility Killers You Didn't Know About: Hot Tubs, Phones and What's Really Hurting Your Health | Dr. Pedi Mirdamadi E257 Oct 19, 2024

Naturopathic expert Dr. Pedi Mirdamadi joins Rich Somers to reveal surprising truths about health—from grocery store secrets and fertility killers like hot tubs and cell phones, to the heated debate over false eyelashes that earned millions of views. With eye-opening insights and practical advice, Dr. Pedi emphasizes the importance of taking control of your wellness, reminding us that "health is wealth."
Dr. Pedi Mirdamadi is a Licensed Naturopathic Doctor and Holistic Nutritionist specializing in Functional Medicine, practicing at Oasis Health and Medicine in San Diego.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Raising Capital for Real Estate: Top Strategies & Mistakes to Avoid | Hunter Thompson E256 Oct 17, 2024

Learn to master the art of raising capital for real estate with expert Hunter Thompson. In this episode, Rich Somers dives into Hunter’s top strategies for syndication, including how to attract accredited investors and navigate the common pitfalls that can derail your success. Packed with actionable insights and real-world examples, this conversation is essential for anyone serious about leveling up their investment game and avoiding costly mistakes.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

4.8 Billion People Use Social Media: Hooks, Stories, and Strategies to Grow Your Personal Brand | Brandon Fortino E255 Oct 15, 2024

Access the secrets of personal branding in this episode with Rich Somers and Brandon Fortino as they share how to use powerful hooks and captivating stories to grab attention and monetize a small audience. Packed with actionable strategies, they cover creating impactful content, building community, and leveraging social media to achieve greater success.
Whether you're just starting out or looking to scale, this episode is your blueprint for mastering personal branding and unlocking new opportunities!
Brandon Fortino is the founder and CEO of Short Form Pros, a speaker, and an expert in personal branding and organic video marketing. Using his knowledge of over 7 years in video production, he helps numerous entrepreneurs and businesses create social media content consistently and effectively to achieve millions of organic reach on social media to build a community. His work is driven by the values of persistence and excellence to turn their personal brand from invisible to invincible.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Cockpits to Cashflow | Captain Curt E254 Oct 12, 2024

Buckle up for an unforgettable ride that spans from the cockpit to the world of real estate. Captain Curt shares his wild adventures flying private jets and his bold transition into real estate investing. With near-miss stories, high-stakes flights, and wealth-building insights, this episode blends adrenaline with smart strategies.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Winning Formula of Sobriety and Health Hacks | Michael Schmidt E253 Oct 10, 2024

Feeling stuck? In this episode, Mike Schmidt, the mastermind behind Superfood Superhuman, shows us how a simple shift in diet, sleep, and sobriety can unlock new levels of success. Rich Somers and Mike dive into the game plan for turning your health into your greatest asset. Get ready to transform your life from the inside out.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Losing $130K in One Night Changed his Life Forever | Jude Bernard E252 Oct 08, 2024

From overcoming a gambling addiction to becoming a real estate expert and founder of The Brooklyn Bank, Rich sits down with Jude Bernard to discuss everything from learning from your past mistakes, the importance of time management, and the the do's and don'ts of networking and how to make connections.
Jude Bernard is a real estate entrepenuer and founder of the Brooklyn Bank. BKBNK INC is a non-profit organization focused on providing underserved individuals of color the tools and education required to secure financial independence to close the wealth gap.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Put Yourself in Situations Where the Hard Way is The Only Way | Brad Rice Saturday Edition E251 Oct 05, 2024

Rich is interviewed by Brad Rice on the The Blueprint podcast where they discuss how Rich got started in the real estate business, the importance of a personal brand, and the various life challenges he had to overcome in the past that lead him to where he's at today.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Earthquake Survivor to $40M AUM | Carl Dumesle E250 Oct 03, 2024

Carl Dumesle went from surviving Haiti’s devastating earthquake to building a real estate empire in San Diego, amassing an impressive $40 million in assets under management. Rich Somers is here to unpack every bold move along the way. As a key member of the 7-Figure Creator Mastermind, Carl's relentless ambition and refusal to settle for anything less than success make his story truly inspiring. This episode is packed with real-life lessons on turning adversity into strength, overcoming obstacles, and chasing your dreams—exactly the motivation every entrepreneur needs.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How a $20K Investment Built a $7M Micro-Resort | Issac French E249 Oct 01, 2024

From a $20k dream to a $7M micro-resort, Isaac French built Live Oak Lake into an Instagram sensation with 150k followers and 80% direct bookings. Rich Somers dives deep with Isaac on building the brand, automating guest touchpoints, and what it takes to create a hospitality experience that’s both stunning and efficient. Get ready for insider strategies to level up your game.
Isaac French is a former accountant turned hospitality entrepreneur and the creator of Live Oak Lake, a luxury micro-resort in Waco, Texas, renowned for its design and guest experience. With over 150,000 Instagram followers (@liveoaklake), the resort boasts 95% occupancy and continues to set a new standard in experiential hospitality.
Newsletter: https://www.isaacjfrench.com/

X: https://x.com/isaacfrench_

Course and Community: https://www.experientialhospitality.com

Instagram: https://www.instagram.com/isaacfrench_/

Youtube: https://www.youtube.com/@isaacfrench

Linkedin: https://www.linkedin.com/in/isaacjfrench/

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What is Subject-To and Creative Finance? | Pace Morby Saturday Edition E248 Sep 28, 2024

Rich is joined by Co-Host, Pace Morby, on today’s Saturday Edition. They answer the top question of the week that was sent in by our listeners.

Rich and Pace speak on the fundamentals of subject-to real estate deal, the types of candidates that make for a good seller, defaulting on sub-to deals, positioning landlords to lenders, and negotiating with maximum leverage. They also discuss the willingness to over-paying on a property, amortization, and bank lending.

Connect with Pace on Instagram: @PaceMorby

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Hustle, Health, and Hidden Truths: What We’re Not Supposed to Talk About | Bo DePaoli E247 Sep 26, 2024

Ready to master social media and grow your personal brand? Join the 7 Figure Creator Mastermind Communinty in the next 48 hours and receive a ticket to win a 2024 Range Rover Sport! Time is running out—secure your spot today.
Join Rich and gym mogul Bo DePaoli as they reveal the raw, unfiltered secrets of dominating the fitness industry and the relentless hustle behind building sustainable brands. This episode dives deep into the gritty truths of entrepreneurship, navigating fierce competition, and exposing election corruption within powerful unions, along with hard-hitting insights on business and lifestyle. Whether you're a fitness enthusiast or an aspiring entrepreneur, prepare for a masterclass in hustling smart, leveling up your health and mindset, and breaking the mold in a saturated market.

Bo DePaoli is the founder of D3 Enterprises and has recently ventured into the fitness sector, successfully turning around two failing gyms within a year of their acquisition.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Learn How to Live Longer, Alleviate Pain, & Move Better | Dr. Tom Walters E246 Sep 24, 2024

Ready to master social media and grow your personal brand? Join the 7 Figure Creator Mastermind Communinty in the next 48 hours and receive a ticket to win a 2024 Range Rover Sport! Time is running out—secure your spot today.
Rich and Dr. Tom Walters discuss common misconceptions within the orthopedic physical therapy space, how your mindset can affect your health, and tips on how to get the most out of your strength training exercises.
Dr. Tom Walters is a board-certified orthopedic physical therapist and strength and conditioning specialist based in Santa Barbara, California. In addition to his clinical practice, he also runs one of the world’s largest social media accounts dedicated to physical rehab (@rehabscience on Instagram).

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Buy Your First Gym | Bo DePaoli Saturday Edition E245 Sep 21, 2024

Want to learn how to buy a gym? Rich and Bo discuss the key factors of gym investing, how to maintain additional streams of revenue while owning a gym, and the importance of muscle building.
Bo DePaoli is the founder of D3 Enterprises, he's recently ventured into the fitness sector, successfully turning around two failing gyms within a year of their acquisition.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Journey From Air Traffic Controller to $80M in Real Estate | E244 Sep 19, 2024

Rich is interviewed by Ryan Bakke on the LearnLikeACPA podcast where Rich shares his journey cashing out his 401k to buy his first couple of deals, and scaling to $80M, through the real estate investing space and his approach to investments and deals. Ryan Bakke is a real estate tax strategist, and also a investor in the Somers Capital Boutique Hotel Fund.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Buy a Laundromat | Tom Donnelly E243 Sep 17, 2024

Want to learn how to buy a laundromat business? Rich and Tom Donnelly chat all things laundromat investing, the biggest mistakes to avoid, how to find and analyze the best locations and deals, value-add strategies, and how you can buy your first laundromat in 2024!
Tom Donnelly is an experienced entrepreneur and investor who has been buying laundromats for the past 5 years (owns 3, building out a 4th) and investing in real estate for 6 years.
Connect with Tom Donnelly on Instagram: @mrtomdonnelly

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Real Problem With the Public School System | Grant Cardone Saturday Edition E242 Sep 14, 2024

In this Saturday Edition episode, Rich sits down with Grant Cardone to discuss the pros and cons of homeschooling and the public school system.
Grant Cardone is an American businessman, Equity Fund Manager ($4B Assets Under Management), Real Estate Investor, Business author and Founder of 10X Growth Conference, 10X Health System, Cardone Ventures & 10X Studios. Also author of seven best selling business books, creator of Cardone U online education and The 10X Growth Conferences (the largest business conference in the USA.)

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How He Lost $100k Buying Real Estate With the Wrong People and How to Find the “Right People” To Partner With | Diego Corzo E241 Sep 12, 2024

In this episode, Rich sits down with Forbes-featured millennial real estate entrepreneur Diego Corzo to discuss his journey from Peru to the US at the age of 9, buying his first property at age 23, and the steps he took to build passive income streams through real estate which led to him becoming a millionaire under the age of 30.
Diego Corzo is a millennial real estate entrepreneur, investor, mentor, and TEDx speaker. Diego's story has now been featured in Forbes, CNN Money, Inc.com, Entreprenuer.com, Fox News, Telemundo and Univision. He aspires to help others become financially free and reach their full potential.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How You Can Use AI to Level Up Your Business | Scott Empringham E240 Sep 10, 2024

On today's episode, Rich sits down with Scott Empringham to discuss how AI is disrupting the marketing game, how to create an entire marketing plan utilizing AI, and how he generated $1 billion in sales while working with Ford Motor Company.
Scott Empringham is an owner/CEO of Empringham Media Group, a turnkey AI-Powered digital marketing agency that helps clients accelerate their growth. With over 20 years of experience in marketing communications, online marketing, and creative direction, Scott is a recognized leader and innovator in his field.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Should You Buy for Cash Flow or Appreciation? | Saturday Edition E239 Sep 07, 2024

On today’s episode, Rich sits down with Thach Nguyen – Entrepreneur, Founder of Thach Real Estate Group, Real Estate Broker, Investor, Developer. Thach is the CEO & Founder of Thach Real Estate Group, and principal of Springboard to Wealth. He’s a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300+ homes , townhouses, and multifamily units and completed over 100+ flips. Thach and his team have assisted more than 2,500+ families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Pros & Cons of Testosterone Use Exposed | Dr. Adam Silberman E238 Sep 05, 2024

In this episode, Rich sits down with Dr. Adam Silberman to discuss the pros & cons of hormone & testosterone treatment, the importance of hormone optimization, and new research discoveries regarding optimizing cognitive performance & muscle mass.
Dr. Adam Silberman, NMD is an expert in natural, functional, and integrative approaches to family medicine. He offers face-to-face as well as online remote consultations. He works with regulatory agencies, universities, corporations, expert witness, and the pharmaceutical/nutraceutical industry as an expert in natural therapies.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Living in His Car to Running His Own Real Estate Brokerage | Mark Quesada E237 Sep 03, 2024

In this episode, Rich sits down with Mark Quesada to discuss his rags to riches origin story of transitioning from being a server to getting started in real estate, why he started his own brokerage, and the current state of the rate environment within his industry.
Mark Quesada is the President of Black Label Realty and the team lead for The Quesada Group Ltd, overseeing real estate transactions in the San Diego, Chicago, Tampa Bay, and Miami markets. Under his leadership, Mark and his team consistently rank in the top 1% of agents in current production, a testament to their unmatched professionalism and access to exclusive tools and resources.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

5 Steps to Becoming a Top Commercial Broker | Saturday Edition Dan Blackwell E236 Aug 31, 2024

In this Saturday Edition, Rich sits down with Multifamily Real Estate Investment specialist Dan Blackwell to discuss the importance of market selection, how to make your first $500,000 through real estate, and the benefits of building a team.
Dan Blackwell has specialized in Multifamily Investment Sales since 2008 and currently leads the Southern California Multifamily Investment Sales division for CBRE. He and his team have closed over $1.5 billion in multifamily property sales - over 450 transactions and growing.
Connect with Dan on Instagram: @multifamilysocal

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Rags to Riches & What It Takes to Become a Top Apartment Broker | Dan Blackwell E235 Aug 29, 2024

In this episode, Rich talks with multifamily investment sales specialist Dan Blackwell, about his journey in becoming a multifamily broker, current real estate market trends, his recent transactions, and his progress towards his goal of owning 100 investment properties.
Dan Blackwell has specialized in Multifamily Investment Sales since 2008 and currently leads the Southern California Multifamily Investment Sales division for CBRE. He and his team have closed over $1.5 billion in multifamily property sales - over 450 transactions and growing.
Connect with Dan on Instagram: @multifamilysocal

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Future Proof Your Wealth. AI, Crypto and the Next Big Investments | Brian Decker E234 Aug 27, 2024

In this episode, Rich talks with serial entrepreneur Brian Decker about cryptocurrency's impact on global finance, upcoming business trends for the next five years, and the importance of interpersonal communication.
As a savvy investor, Brian's diverse real estate portfolio includes apartments, Airbnbs, long-term rentals, and a venture at Zapotal Discovery Beach Club with Ryan Pineda. His investment strategies and successes serve as an inspiration to many.
You can find Brian on Youtube @thebriandeckershow and on Instagram @thebriandecker

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Case for Boutique Hotels: 10 Reasons Why We're Betting Big | Alex Johnson E233 Aug 26, 2024

In this episode, Rich sits down with Alex Johnson, Director of Investor Relations at Somers Capital, to dive deep into the 10 compelling reasons why we're investing in boutique hotels—and why you should, too. They explore market trends, generational predictions, and reveal our secret sauce for operating these properties successfully.

Want to learn more about how you can achieve similar success? Discover our A-Z proven process for buying boutique hotels, designed to help you acquire properties within 12-18 months and potentially 2-3x their value.
Interested in joining our Boutique Hotel Mastermind Community? Drop your information here: https://somerscapital.com/mastermind/. Watch Rich explain the exclusive benefits of the Mastermind community and explore what you'll gain as a member here: hotelinvesting.com.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Get in Rooms Where Your Dreams are Others' Realities | Saturday Edition Alex Johnson E232 Aug 24, 2024

In this Saturday Edition Rich and Alex share stories from their lives on lessons they've learned in friendship and business. Growing pains in friendship and business can be frustrating. Choosing who you surround yourself with impacts more than just the time spent with them. Chose your circle wisely.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Former Middle School Teacher Operates Vending Machines and 22 Short-Term Rentals | Billy Perez E231 Aug 20, 2024

In this episode Rich sits down with Billy Perez, a San Diego-based Short-term rental Owner and Manager. Billy shares how he went from a middle school Spanish teacher to owning three properties and managing over twenty! Not only does he manage short-term rentals but he also owns and operates vending machines across San Diego as a side business.
Billy encourages others to "take small steps and to take the risk" into real estate. The market is big enough for whoever wants to get in and it's worth it.
You can find Billy on Instagram @Billy.elevate and his podcast The Elevated Entrepreneur

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Self-Rental Strategy Explained | Saturday Edition Karlton Dennis E230 Aug 17, 2024

In this Saturday Edition Rich sits down with Karlton Dennis, a leading tax professional in America. Today, they talk about the Self-Rental Strategy and how being a Real Estate Professional can drastically save you big money on your tax returns, even if you or your spouse has a high-paying W-2.
Connect with Karlton Dennis on Instagram @karltondennis

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Tax Tips & Secrets from America’s Leading Tax Strategist | Karlton Dennis E229 Aug 15, 2024

On this week's episode, Rich sits down with Karlton Dennis, one of America's Leading Tax Strategists who focuses on "Tax Free Living" with compliance of Federal and State Tax regulations. Carlton is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning.
They dive deep into topics like How to Write off a Private Chef, Revokable vs Irrevokable Trusts, STR Loopholes and placing your spouse or child on your payroll as a business owner. You'll also learn some of the best cars to write off on your taxes for Code Section 179.
Connect with Karlton Dennis on Instagram @karltondennis

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Truth about Hangovers, Botox & Liposuction | Dr. Reza Tirgari E228 Aug 13, 2024

On today's episode, Rich sits down with Dr. Reza Tirgari a San Diego based Biochemist and Physician focused on aesthetic enhancement. Dr. Tirgari has over half a million followers on TikTok where he shares his expertise and debunks common myths in the aesthetic and beauty industry.
Rich and Dr. Reza dive into Masculinity and Aesthetic procedures like Botox, face lifts and Testosterone injections. After chatting about Rich and his journey with taking a break from alcohol, Dr. Reza shares his science backed ways to recover quicker and most effectively. With a specialization in liposuction, we learn who is a good candidate for lipo and what you need to be prepared for when getting this procedure.
Connect with Dr. Reza Tirgari on Instagram @avalonlaser and on TikTok @drreza_t

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Listen to These 27 Minutes Before You Start Your Own Podcast | Ryan Pineda Saturday Edition E227 Aug 10, 2024

In this Saturday Edition you get a glimpse into the 7 Figure Creator Mastermind group calls and see Rich speaking with Ryan Pineda. Ryan shares his 7+ years experience in social media and experience in real estate since 2010.
Throughout these 27 minutes, you'll learn the secrets of the top level business minds on social media and what sets them apart from the creators who do not succeed.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Investing in Hostels Could be the Next Big Thing | Michael Russell E226 Aug 08, 2024

On this Thursday episode, Rich sits down with Michael Russell, an owner/operator of Howzit Hostels, a growing brand of hostels based in the Hawaiian Islands.
Michael shares his story on how he went from purchasing short term rentals in Hawaii to scaling up to investing in hostels.
Michael and Rich discuss how taking risks in real estate can lead to unexpected opportunities and significant growth. Michael emphasizes that while risks are real, not seizing opportunities can lead to greater regret.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

BYLT: Why This Brand is Disrupting the Apparel Game & How They Landed Mike Tyson | E225 Aug 06, 2024

On today's episode, Rich sits down with Joe Trachta and Jared Koenig, Director of Product and Vice President of Operations for BYLT -- a premium basics apparel brand with tailored fits, elevated designs and enhanced materials BYLT for any occasion.
They dive into what sets BYLT apart from their competitors, how Rich X BYLT's brand partnership came to fruition, and the history of the company & how it got started. Joe and Jared share how falling in love with the craft & art of building product is what makes going into work every single day fun, how they landed partnerships with individuals like Mike Tyson & Rob Gronkowski, and their vision for where the brand is heading in the future.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Those Who Wait For the Perfect Plan Never Play the Game | Saturday Edition E224 Aug 03, 2024

On today's Saturday Edition Episode, Rich sits down with co-host Alex Johnson to chat about why those who wait for the perfect plan never play the game. They discuss a few examples from their owns lives and share some key tips for any listeners out there who might be stuck in "analysis paralysis".

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Created the World's First Ever Peanut Butter Tequila Brand | Cole Mueller E223 Aug 01, 2024

On today's episode, Rich sits down with Cole Mueller -- founder of Maniball Peanut Butter Tequila, the world's first PB tequila brand. He launched Maniball in San Diego in Q1 of 2024, and since then have expanded in multiple markets around the US. He's also a partner of the RMCI Group, a firm that builds high-end ultra luxury spec homes and flipa them for profit all over California. They focus on luxury markets in San Diego, LA, and Northern California.
Rich and Cole dive into how he came up with the idea to combine peanut butter + tequila, everything that goes into creating the product, and his strategy for expanding the brand. They also discuss Cole's experience in the real estate investing space, the types of projects he works on with the RMCI Group, and the importance of relationships and a positive mindset.
Connect with Cole on Instagram: @colemueller8

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Latest News in the STR Market & How He Bought His First Boutique Hotel | Tony Robinson E222 Jul 30, 2024

On today's episode, Rich sits down with Tony Robinson -- real estate investor and co-host of the Bigger Pockets Real Estate Rookie Show. Tony brings his expertise in long-distance real estate investing, the BRRRR strategy, real estate partnerships, and short-term rentals. Tony has defied all odds as a young black male who became a father at 16, quickly scaled the corporate ladder at companies like Tesla, and has now become a full time real estate investor growing his portfolio to 30 short term rentals in the last 2 years.
Rich and Tony dive into how he bought his first boutique hotel right outside of Zion, a previous deal he had to walk away from halfway through the $6M raise, and the importance of getting your feet wet and just getting in the game with your first deal. They discuss what they're currently seeing in the STR market, their thoughts on canceling contracts, and the biggest lessons they've both learned as they've grown as entrepreneurs.
Connect with Tony on Instagram: @tonyjrobinson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Buy Your First Real Estate Deal in 2024 | Saturday Edition E221 Jul 27, 2024

On today's Saturday Edition episode, Rich is joined by Tony Robinson -- real estate investor and co-host of the Bigger Pockets Real Estate Rookie Show. Tony brings his expertise in long-distance real estate investing, the BRRRR strategy, real estate partnerships, and short-term rentals. Rich and Tony dive into the current interest rate environment, they discuss the latest market trends, and provide a detailed roadmap for those looking to make their first real estate investment.
Connect with Tony on Instagram: @tonyjrobinson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How He Escaped a Near-Death Experience in an F-22 Fighter Jet | Joshua "Cabo" Gunderson E220 Jul 25, 2024

On today's episode, Rich sits down with Joshua "Cabo" Gunderson -- a Lieutenant Colonel with the Nevada Air National Guard and former combat pilot. Joshua started his career at the United States Air Force Academy, graduating with degrees in geospatial science and Spanish in 2008. During F-15 pilot training, he received several awards including Distinguished Graduate and Top Gun.
From 2008-2019, Joshua was stationed at various air bases including Okinawa, Japan and Anchorage, Alaska, where he transitioned from flying the F-15C to the F-22 Raptor. He executed multiple combat deployments throughout the Middle East in support of Operation Inherent Resolve and earned the Raytheon Award, the Air Force’s top honor for aerial combat squadrons.
He finished his active duty career serving as the F-22 Demonstration Team Commander and Pilot from 2020-2022, where he earned the Field Grade Officer of the Year Award. He led the Air Force’s sole F-22 demonstration team, flying 200 sorties at over 25 domestic and international air shows annually, including the flyover at Superbowl 2022. Since leaving active duty, Joshua serves in the Nevada Air National Guard, works for a private company as a corporate pilot flying the Challenger 300 aircraft, and consults for aviation clients.
In addition to his career, Joshua is passionate about community and aviation. During his time leading the F-22 Demo Team, he interacted with over 12,000 students across 167 community events and continues to participate in community outreach at local schools and children’s hospitals. He volunteers as a mechanic and pilot at the Planes of Fame Aviation museum, which owns over 150 vintage military aircraft ranging from WWI through Vietnam and Korea.
Rich and Joshua dive into his time in the Air Force and his transition to the Nevada Air National Guard, they discuss the biggest differences between flying private vs. commercial, and Joshua shares the craziest maneuver he's done in a fighter jet along with a story of a near-death experience in an F-22.
Connect with Joshua on Instagram: @cabogunderson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Former Miss Nevada Makes $1M a Year From Mini Mailboxes | Lisa Song Sutton E219 Jul 23, 2024

On today's episode, Rich sits down with second time podcast guest Lisa Song Sutton -- she's a real estate investor, entrepreneur, venture capitalist, and former Miss Nevada. With a background in business litigation, Lisa began her career working in a top Las Vegas law firm before launching and scaling several companies, taking them from $0 to millions in revenue, across various industries including real estate, food and shipping retail.
As the daughter of a USAF Vietnam War Veteran, Lisa is a strong advocate for the
veteran community. She is currently a General Partner of The Veteran Fund, a $20M venture capital fund that invests in veteran-led companies.
In addition to her work in real estate and venture capital, Lisa is an experienced speaker, sharing her message of leadership, empowerment, and taking action with audiences from the TEDx stage to local schools, encouraging the private sector to become more involved in their communities.
Lisa was the first Miss Nevada of Asian descent and remains actively involved in her community, serving on the boards of StartUpNV, Nevada's largest statewide business incubator, and the Young President's Organization (YPO) Las Vegas chapter. She was recently recognized as Vegas Inc.'s 40 Under 40 and also serves on the board of the Nevada Policy Research Institute.
Rich and Lisa discuss how she got started in the mini mailbox space, they dive into her online community where she teaches others how to set up their own stores, and Lisa reflects on her time competing in the Miss Nevada pageant.
Find more information about Lisa at www.lisasongsutton.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Top Ways to Grow a Social Media Audience | Saturday Edition E218 Jul 20, 2024

On today's episode, Rich sits down with Ryan Magin -- a video creator who has garnered over 500 million views across TikTok, IG Reels, and YouTube Shorts. As the founder of Viral Editz, his media company has produced thousands of TikTok videos, each surpassing 1 million views, resulting in $3 million in revenue. He currently manages a diverse clientele of 18 brands and A-list creators, with his team consistently creating and posting over 100 videos daily across multiple platforms.
This Saturday Edition teaches you the BEST way to grow a social media audience in 2024 with Ryan Magin.
Connect with Ryan on Instagram: @ryanmagin

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Being "Humble" Could be Costing You Money | Ryan Magin E217 Jul 18, 2024

On today's episode, Rich sits down with Ryan Magin -- a video creator who has garnered over 500 million views across TikTok, IG Reels, and YouTube Shorts. As the founder of Viral Editz, his media company has produced thousands of TikTok videos, each surpassing 1 million views, resulting in $3 million in revenue. He currently manages a diverse clientele of 18 brands and A-list creators, with his team consistently creating and posting over 100 videos daily across multiple platforms.
Rich and Ryan dive into all things social media content -- how Ryan structures and runs his business, the best platforms and types of content to post, and the importance of focusing on your strengths. They also what goes into a viral video, keys to growing a niche following, and why he thinks being "humble" is costing people money.
Connect with Ryan on Instagram: @ryanmagin

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Top Tax Strategies Used by the "1%" | E216 Karlton Dennis Jul 16, 2024

Re-sharing one of our top episodes with Karlton Dennis. Original airdate was on November 16, 2023.
Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”

Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers.
They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.

Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars.

Connect with Karlton on Instagram: @karltondennis

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Rumor is the Federal Reserve Could Reduce Interest Rates 8 Times in the Next Year | Jonathan Yoo E215 Jul 13, 2024

This episode is a recording from Rich's Boutique Hotel Mastermind Community Group Call. Jonathan Yoo of Convoy, joins us to discuss the current interest rate environment, capital market update, and where interest rates are headed.
Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.
Connect with Jonathan: jonathan@convoyhomeloans.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

If Something Isn't Empowering You, It's Disempowering You | Brandon Turner E214 Jul 11, 2024

On today's episode, Rich sits down with pro skateboarder Brandon Turner -- this child prodigy struggled with addiction growing up, and following some injuries and time in prison, he went through a period of recovery. After turning sober in the late 2010's, he began mentoring in addiction in recovery programs, and returned to skateboarding in what The New York Times called "an impressive late-career renaissance". Rich and Brandon dive into his early years as a skateboarder, sponsorships & endorsements, the importance of mindset, and how skateboarding has evolved over the years. The also discuss creating your personal brand through social media, Brandon's experience jumping off a bridge and getting hit by a car, and his road to recovery.
Connect with Brandon on Instagram: @bturner_

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Life Rewards Those Who Go All In | E213 Jul 09, 2024

Today we're dropping a special episode from Rich's live speaking engagement at Tony & Sara Robinson's STR Summit in Denver a couple weeks ago. Rich delivers an insightful presentation to the crowd by diving into all things boutique hotel investing, mindset, what it takes to build a portfolio, scale that portfolio, and so much more. He discusses the importance of sacrificing certain things to get to the next level, his transition from an air traffic controller to where he is today in the real estate space, and some key actionable steps you can take if you feel stuck and are looking to make a change in your own life!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

2024 is Half Way Over - Are You Where You Want to Be? | Saturday Edition E212 Jul 06, 2024

In today's episode, Rich shares with the audience an opportunity to join this year’s Somers Capital Holiday party, his biggest takeaways from 2024 this far, how to build and reflect on personal goals, and what Rich is looking forward to as he finishes out the year.
Reach out to info@somerscapital.com to get access to the Somers Capital 2024 Holiday Party

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Bought 13 Hotels & Shares His Journey From Humble Beginnings | Neil Shah E211 Jul 04, 2024

Rich sits down with Neil Shah - President of Inntech Management and a leader in the hospitality industry. Neil started out as an electrical engineer in India, and at age 23, moved to California where he became a hotelier and a GM. Since then, Neil began investing in hotels and has grown to multiple properties in Arizona. Neil currently owns 13 hotels.
Rich and Neil discuss Neil’s fascinating beginnings in India and becoming a hotelier, the distinction between branded hotel properties and independent properties, and how to effectively educate yourself in what you want to do. They also talk about automating property processes and how the next generation will take on real estate innovations.
Connect with Neil on Instagram: @nilangs

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

“Do’s and Don’ts” on a First Date & Her New Dating App Explained | Jordan McMurtry E210 Jul 02, 2024

Rich sits down with Jordan McMurtry - Co-Creator at YES Inc. & Investor Relations Manager with Hayley Capital. Jordan’s career began as a personal assistant, quickly advancing to an executive assistant role. In November 2023, Jordan launched the YES dating app in San Diego, a project Jordan and her co-founders meticulously developed since 2019. Jordan is dedicated to expanding YES dating’s presence in San Diego, aiming for market dominance before scaling to other cities. Her involvement in startups has been highly rewarding, witnessing companies grow from inception to generating nearly $45 million in annual revenue.
Rich and Jordan discuss how Jordan started her dating app - YES, group dating and double dates, their critiques of modern dating etiquette, and what a perfect first date would look like. They also reflect on transportation when dating, Rich’s big Holiday Party announcement, awkward dates and catfishing on dates. Lastly, Rich and Jordan talk about social media and dating apps, where and how to meet new people, long-distance dating, settling down in dating, and Jordan’s goals for 2024.

Connect with Jordan on Instagram: @jordanhayleym

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Journey From Full-Time Air Traffic Controller to $80M in Real Estate | E209 Jun 29, 2024

This episode is a re-cut from The Action Academy Podcast, hosted by Brian Luebben. The original episode aired on May 14th, 2024.
In today's episode, Rich shares with Brian his key takeaways and learnings on how he went from his first deal to a portfolio of $80M+ of real estate, establishing how to get started in boutique hotels, apartment buildings, and short term rentals in 5 years.
Connect with Brian on Instagram: @brianluebben

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The NAR Settlement Explained & How He’s Disrupting the Need for Real Estate Agents | Brad Rice E208 Jun 27, 2024

The NAR class action lawsuit will disrupt real estate as we know it, and Rich and Brad Rice dive deep into why during today’s episode, right before they switch gears to boat lending and how to create a home listing in under 5 minutes.

Rich sits down with Brad Rice - Founder and CEO of Amerifund Home Loans, a nationally recognized mortgage company and Homepie, a groundbreaking and disruptive online marketplace that enables anyone to sell their own home without paying excessive real estate commissions. During his 30-year career, Brad has scaled, owned, and operated several successful mortgage companies, an escrow company, a real estate brokerage, and real estate investment groups.

Rich and Brad discuss Rich’s Banker Hill property, The 7 Figure Creator group, the current lending space, HELOCs, what Brad is doing in the lending space, reverse mortgages, Rich’s first win in the real estate space, and why Rich and Brad do business in California. They also reflect on Rich’s idea for a San Diego Real Estate Conference, Brad’s company - Homepie, Brad’s vision for the future of real estate, and how to create house listings and agreements in only five minutes. Lastly, Rich and Brad talk about a class action lawsuit that has completely disrupted the realtor space and will force several severe NAR (National Association of Realtors) and brokerage practice changes, why Rich only works with listing agents, commercial lenders and sellers, why Rich doesn’t like people who aren’t gamers, a deep dive on Rich’s new boat, wake surfing, Brad’s private lake, Rich announces the next Somers Capital holiday party, and Brad announces the title of his podcast.

Connect with Brad on Instagram: @thebradrice

Sell Your Home with Homepie: https://homepie.com/

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Attract & Become a Higher Status Partner | Michael Sartain E207 Jun 25, 2024

Rich sits down with Michael Sartain - Performance Coach, Air Force Navigator and Instructor, and Host. In 2019, Michael created Men of Action, a program that dedicates its time to teaching men how to increase their status, build an abundant lifestyle, find elite friends, and attend VIP events in under 25 days. Men of Action has had 400+ success stories. Michael is also the host of the Michael Sartain Show podcast.
Rich and Michael discuss hanging out last weekend, where beautiful people typically are, how to meet high level people at night clubs, being fake rich and the future of social media, “dad bods,” the importance of fitness, TRT and cold plunges.
They also reflect on cheating in relationships, bisexual partners, 50 Shades of Grey, dating age gaps, Ryan Gosling being “mid,” bikini competitions, how Michael met his girlfriend, low stimulus partners, Michael’s greatest dating hack, the direct and indirect dating games, un-sending messages, attention vs compliance, and Rich’s dating advice.

Lastly, Rich and Michael talk about current affairs, OJ Simpson, the removal of consequences in modern society, Wes Watson and Jordan Belfort, influencers and live streaming, Michael’s favorite stories with Dan Bilzerian, victim mentality, creating space for relationships, how mindset can anti-age you, Tom Brady and Gisele Bundchen’s relationship, the Ukraine war and WWIII, and first world problems.
Connect with Michael on Instagram: @michaelsartain
If you're ready to take your game to the next level and enjoyed everything you heard in this episode, click this link to schedule a call with Michael's team and get an exclusive discount for podcast listeners.

Level up with Men of Action: https://www.moamentoring.com/

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The New Cashflow Game | E206 Jun 24, 2024

Rich and Thach Nguyen reveal the biggest real estate cashflow games to invest in for 2024, where they are getting deals, and a breakdown of how to buy real estate deals in markets like San Diego and Seattle.
Connect with Thach on Instagram: @thachnguyen

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

True Commitment is When Alternatives No Longer Exist | Saturday Edition E205 Jun 22, 2024

On today's episode of the Saturday Edition, Rich and Alex start off by talking about the June Yacht Meet-up and how true commitment is when alternatives no longer exist. Lastly, they analyze Rich’s experience getting into real estate, investing in themselves, creating accountability, and how life rewards those that go all in.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

99% of Our Problems are Solved by Waking up at 5:30am and Cutting Out Alcohol | E204 Jun 21, 2024

Rich and Brandon Novak share their personal accounts of becoming sober, the benefits they’ve found in doing so, and how listeners can start their journey.
Connect with Brandon on Instagram: @brandon__novak
If you or a loved one are suffering with addiction call or text Brandon at (610) 314-6747

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s a Retired Pro Skater Who Had a $70M Exit & Now Builds Large Apartment Buildings | Mikey Taylor E203 Jun 20, 2024

On today’s episode, Rich sits down with Mikey Taylor – Serial entrepreneur and former professional skateboarder. Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery.

Rich and Mikey start off by discussing the updates to Mikey’s life since they last met, their experiences in the skating world, how Mikey met his wife, Mikey campaign plan to became a city council member in Thousand Oaks, backlash in communities today, the difference between A and C students, and teaching personal finance to students. They then reflect on Rich’s experience with the Big Brother program, developing communication skills, what Mikey’s schedule typically looks like, Mikey’s methods to fundraising through social media, and building trust through long form content.

Lastly, they talk about Mikey’s experiences with real estate investing in California, current market trends, the risks to real estate investing, their recommendations to investing in 2024, Mikey’s favorite real estate locations, cap rates, cashflow vs appreciation, investing in red and blue states, the safest way to invest in real estate, Rich’s experience with real estate in Turkey, Rich’s case for San Diego, their market forecasts and bad policies.

Connect with Mikey on Instagram: @mikeytaylor

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Become Your Own Bank & Is the 401(K) a Scam? | Brandon Beal E202 Jun 18, 2024

On today’s episode, Rich sits down with Brandon Beal – Entrepreneur, Wealth Accumulation Planner, Founder & Owner of Breeze Wealth Management, and Personal Trainer. Brandon's path took an unexpected turn when an injury involving his peroneus muscle ended his NFL dreams. During his rehab, Brandon fully immersed himself in the fitness industry, helping others reach their peak fitness levels as a certified personal trainer. With just $200 to his name, he made a life-changing decision to get his life insurance license. This turned out to be one of the best decisions of his life. In his first two weeks as an insurance advisor, he earned an impressive $16,500 in commissions, setting the stage for a remarkable career. Since September 14, 2023, Brandon has been the owner and founder of Breeze Wealth Management, a firm specializing in wealth accumulation planning and in May alone, they’ve secured and protected over $3M of their cleint’s savings.

Rich and Brandon start off by discussing sports and being competitive, Brandon’s experience with the NFL and Arena Football, what Brandon is doing in the financial space, life insurance strategies, perm life insurance and how it works, and how Disneyland was funded. They then reflect on the death benefit, maximizing cash values, the 401(k) system, and going all in to buy in real estate.

Lastly, they talk about partnerships, finding the right mentor, who Brandon looks up to, the difference between Brandon and his brother, where successful business owners come from, being a master of one, routines and schedules, Kris Krohn, hate comments, annuities and cashflow, and where Brandon would suggest starting in life insurance.

Connect with Brandon on Instagram: @brandonebeal

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

5 Ways Starting A Podcast Can Change Your Life | E201 Jun 15, 2024

On today's episode of the Saturday Edition, Rich and Alex start off by talking about recent updates for Somers Capital and the 5 ways that starting a podcast can change your life. Lastly, they analyze Rich’s experiences starting his own podcast, his advice on how to get started, and share an opportunity to join the 7 Figure Creator mastermind group.
Visit the7figurecreator.com to book a free call with our team.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How He's Turning Prefab ADU's Into Pocket Communities | Andrew Greer E200 Jun 13, 2024

On today's episode, Rich sits down with Andrew Greer -- Co-founder of Thomas Strafford Investments, which specializes in the acquisition and re-positioning of undervalued real estate assets. As the Team Lead of Real Estate Pro Team, Andrew oversees a dynamic group of over 30 agents in San Diego's competitive market. A local infill developer, he has extensive experience in single-family, multi-family, and pre-manufactured pocket communities. Actively involved in building custom homes and apartments, he continuously diversifies his investment portfolio. A community leader, Andrew regularly hosts industry events to foster collaboration and knowledge-sharing. His impact was recently celebrated with the "Investor of the Year" award for 2022 by San Diego Real Producers.
Rich and Andrew do a deep dive into how he's using prefab ADU's to build pocket communities, and they give the listeners a full breakdown of the ADU play and why they see it as a huge opportunity in the space right now. They also discuss the changes in local regulations, the ins & outs of the permitting process, and the biggest mistake they see ADU investors making.
Connect with Andrew on Instagram: @realtyentrepreneur

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

$38 Trillion Sits in American Retirement Accounts Today | James McCabe E199 Jun 11, 2024

On today’s episode, Rich sits down with James McCabe – Founder and a Managing Partner at The Placement Funds. As an investor, capital raiser, and connector, James has facilitated over $100M for real estate projects in recent years. While James’ funds are primarily focused on Multifamily real estate, they also have diversified interests to include businesses and structured lending.
Rich and James discuss what James was doing before he got into real estate investing, how he started his retirement account fund, and the fact that there's roughly $38 trillion sitting in retirement accounts in the U.S. right now. They dive into Rich's decision to cash out his 401k to get started in real estate investing and if they'd recommend that same strategy for others, the concept of "The Rule of 72 or Einstein's Eighth Wonder of the World", and the dynamics of James working alongside his wife.
They also dive into James' real portfolio and what kind of assets he's buying, how he prefers structuring deals around a hard asset and having some sort of collateral, the benefit of having an asset management arm of your business to be able to pivot quickly as needed, and how they structure their syndications and funds.
Connect with James on Instagram: @_jmccabe_

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She's Changing the Airbnb Game w/ This Unique Branding Strategy | Breanna Fleschner E198 Jun 08, 2024

On today’s episode, Rich sits down with Breanna Fleschner – also known as the Dream House Girl. She's not just a real estate investor, entrepreneur, and property manager, but also a savvy STR interior designer. Bre is the visionary behind the Dream House Vacation Rental Brand, driven by her lifelong love for travel and hospitality. With a focus on high-travel destinations across the US, Bre's mission is clear: to curate a collection of themed instagramable properties tailored to women. Each stay guarantees unforgettable experiences and top-notch service, establishing a trusted brand that women eagerly return to time and time again for a more secure cashflow investment. Bre not only is working on her short term rental portfolio, but using her key principal skill to partner on a retro summer vibe boutique hotel.

Rich and Bre dig into Bre’s expertise in the real estate space, her goal of building up rental properties across the United States, and how she tailors her property designs to specifically target women in heavy travel destinations. Bre dives into the boutique hotel she’s partnering on, some of the value-add features she implements in her projects, what she was doing before she got into real estate investing and how she got to where she is today.

They also discuss growing your business through social media, how she benefited from a piece of content that went viral for her very first property, a couple of SubTo hybrid deals she’s done with Pace Morby and the power of creative financing. Bre shares her experience and advice with the listeners out there looking to get their foot in the door with real estate investing.

Connect with Bre on Instagram: @thedreamhousegirl

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

This MTV Jackass Star Survived All the Drugs & Alcohol Addictions | Brandon Novak E197 Jun 06, 2024

On today’s episode, Rich sits down with Brandon Novak – Professional Skateboarder, MTV celebrity, alumnus of the Jackass motion picture series, star of the CKY skateboard video series, and author of the best-selling memoir “Dreamseller.” Brandon gives back by helping people into treatment celebrating 9 years clean and nearly 6 years tobacco free. He relates to millions of people across the US; 1 in 4 to be exact, who are directly affected by addiction in their family. He travels the country as one of the most in-demand addiction keynote speakers, bringing awareness and education to high schools across the nation. Brandon has impacted hundreds of thousands of lives through his story of sobriety.
Rich and Brandon start off by discussing Mikey Taylor and Brandon Turner (the skateboarder), the synchronicity of life events and meeting Tony Hawk, Bucky Lasek and growing up in Baltimore, skateboarding and high intensity workouts, Brandon’s journey into the Jackass movies, Brandon’s worst injury on set, and Brandon share’s an anecdote of stealing a doctor’s script. They then reflect on Brandon’s drug usage, Rich’s journey through a Xanax addiction, Benzo addictions, prescribing drugs to children, and muscle memory.
Lastly, they talk about happiness in growth and progress, the covid pandemic, Brandon’s family history, the power of a smile, Brandon’s anecdote about an abandoned house, how the abnormal becomes the normal, their journey to sobriety, full circle moments, being the best version of ourselves, the confidence that sobriety creates, and realistic ways to become sober.
Connect with Brandon on Instagram: @brandon__novak
If you or a loved one are suffering with addiction call or text Brandon at (610) 314-6747

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

At What Age Do You Want To Have The Option To Work Or Not Work? | Thach Nguyen E196 Jun 04, 2024

On today’s episode, Rich sits down with Thach Nguyen – Entrepreneur, Founder of Thach Real Estate Group, Real Estate Broker, Investor, Developer. Thach is the CEO & Founder of Thach Real Estate Group, and principal of Springboard to Wealth. He’s a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300+ homes , townhouses, and multifamily units and completed over 100+ flips. Thach and his team have assisted more than 2,500+ families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.
Rich and Thach start off by discussing Thach’s experience in Newport Beach, Thach’s love for Seattle, Thach’s three person team, Thach’s childhood, how Thach went from a valet to a realtor, off market deals and rejections, Thach’s drive and his first deal, passive income, the pathway to $1 billion, and why people don’t get into real estate.
They then reflect on deals on the west coast, Rich’s first property, being bullish on San Diego and Seattle, investing in the midwest, the first deal and excuses not to invest, the best asset class in real estate right now, and the ADU game.
Lastly, they talk about townhomes in Seattle, Rich’s boutique hotel in San Diego, how to get started in real estate in 2024, licensing in San Diego, the new 1033 law in California, affordable housing in the US, renting vs living, cashflow and compounding appreciation, teaching kids the value of money, social media and content creation, short and long form content, when to start making content, the public school system, Thach’s cars, when to jump into real estate, and owning 5 rental properties.
Connect with Thach on Instagram: @thachnguyen

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

It’s Supposed To Be Hard, and You’re Supposed To Do It Anyway | Saturday Edition E195 Jun 01, 2024

On today's episode of the Saturday Edition, Rich starts off by talking about how he transitioned from a demanding FAA air traffic controller job to a successful entrepreneur, overcoming failures and warnings about real estate risks, founding Somers Capital transformed his life, emphasizing the necessity of hard work, discomfort, and continuous improvement, his most recent change of quitting alcohol enhanced his work ethic, illustrating the importance of sacrifices for growth. Lastly, Rich advises focusing on key goals and aligning activities with these objectives, showcasing resilience and perseverance in his journey.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Owns 9 Short Term Rentals & Just Bought His First Boutique Hotel | Kassidy Warren E194 May 30, 2024

On today’s episode, Rich sits down with Kassidy Warren – Real Estate Investor, Entrepreneur, Consultant and Former W2 Employee. Kassidy quit his job to turn to van life and consulting. In 2015, he started renting out his spare bedroom for $35/night and now has a $12 Million portfolio of properties across 5 states. He’s now a boutique hotel and short term rental investor.

Rich and Kassidy start off by discussing their journey to sobriety, living up to our full potential, Kassidy’s biggest drivers of growth and fitness, daily routines and the first 2 things Rich does when he starts his day.

They then reflect on Kassidy’s career path before real estate investing and how he got his start in real estate, Cashflow Quadrant, Rich’s experiences in Seattle, van life, Kassidy’s first property and the 20% rule, using real estate to buy more real estate, Rich’s advice for re-financing in the boutique hotel space, interest rates, and sunken costs on niche rentals.

Lastly, they talk about forcing appreciation, Kassidy’s first boutique hotel deal in Solvang, Rich’s Boutique Hotel Mastermind, underwriting conservatively, why boutique hotels are the best play in the current real estate market, a new deal that Kassidy is planning to co-partner on, being the pioneer in underwriting, cap rates in the 2020s, 10 year hold periods, Kassidy’s experience in Rich’s mastermind, the law of the first deal, and where the growth happens.

Connect with Kassidy on Instagram: @qkassidyw

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Your Money will Grow When Your “Mindset” Does | Jason Drees E193 May 28, 2024

On today’s episode, Rich sits down with Jason Drees – Entrepreneur, Coach, Founder and CEO of Jason Drees Coaching, Author of “Do The Impossible,” Host of the podcast show “Do the Impossible.” In August of 2020, Jason Drees Coaching was just him. He had a 1 on 1 coaching business supporting people like Brandon Turner and countless other high net worth individuals around the world. Fast forward 4 months, Jason’s business grew revenue by 10x in 120 days. Fast forward a year, his business is on pace to 3x revenue from his all time high. His coaching company is now 30+ people, and he’s been featured on NBC, CBS, Fox, Bigger Pockets, Gobundance, and Better Life.
Rich and Jason start off by discussing Rich’s new tattoo piece, why mindset is everything, why being successful can be lonely, the basic components of success, how to take action, Rich’s top 2 qualities he looks for in others, the dangers of partnerships, risk tolerance, being aligned with targets, why hard work doesn’t align with success, how to change core mindsets, Possible and Impossible targets, and making mistakes.
They then reflect on choosing the right target, Rich’s next focus and being humble, creating alignment for yourself, outgrowing components of success, bad hires and why culture is the key to success, reframing mindsets, frameshifting and your future self.
Lastly, they talk about identifying their future selves, 5 year goals, uncertainty and the unknown, feedback loops, finding clarity towards your passion, the phases of entrepreneurship, the right time to go all in, the love for the game, and Jason’s foundations to coaching.
Connect with Jason on Instagram: @thejasondrees

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Benefits of Becoming a Franchisee & Should You Buy Bitcoin? | Jake Rosenthal E192 May 25, 2024

On today’s episode, Rich sits down with Jake Rosenthal – Real Estate Investor, Entrepreneur, Founder of Pure Legacies, and Host of the “Life on Your Terms with Jake Rosenthal” podcast. While working full-time in tech sales, he built out a $10M real estate portfolio that enabled him to leave his W2 job at 30 years old. He owns a portfolio of luxury short term rentals in Saint Augustine, Florida, and the Pocono Mountains in Pennsylvania. In addition to real estate, Jake is now expanding his portfolio to include small businesses. Jake is also a “bitcoin bull” and continues to invest discretionary income into bitcoin, believing that it will continue to be of the best asset classes to invest in over the coming decades.
Rich and Jake start off by discussing Jake’s background in real estate, Jake’s goal to franchise through gobundance, circuit training at gyms, price breakdowns of owning gyms, Jake’s goals with franchise gyms, and the best real estate locations in San Diego. They then reflect on how gyms have evolved, Jake’s experience with restoration companies, insurance companies, Jake’s start in tech sales, how Jake got his first million, and why Bitcoin is a great buy. Lastly, they talk about Jake’s fiancée, Jake’s real estate portfolio, Jake’s new podcast, leaving W2 jobs, and fitness routines.
Connect with Jake on Instagram: @jake.r.rosenthal

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How She Went From $37,000/YR to 220 Doors in 5 Years | Avery Carl E191 May 23, 2024

On today’s episode, Rich sits down with Avery Carl – Real Estate Investor, Author of Amazon’s best-seller “Short Term Rental, Long Term Wealth,” Host of “The Short Term Show” Podcast, and CEO of The Short Term Shop. Avery’s company has connected investors with over 5,000 cash-flowing short-term rental properties since 2018. Avery went from a $37,000 salary to a real estate portfolio of over 220 doors in 5 years through strategically investing in short-term and vacation rentals.
Rich and Avery start off by discussing connecting for the first time, transitioning neighborhoods and 1031 exchanges, how Avery met her husband, how she went from playing music in dive bars to investing in real estate, and why Avery and Rich stopped drinking.
They then reflect on the opportunity for growth in San Diego, undesirable markets and cap rates, how Avery’s real estate strategy has shifted in the last few years, property damage and insurance claims, and the fundamentals of real estate.
Lastly, they talk about pent up demand in the market, how to get into real estate investing, transitioning into boutique hotels, buying real estate with your partner, what Avery is looking forward to in 2024, and Avery’s advice for new investors.
Connect with Avery on Instagram: @theshorttermshop

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Tax Loopholes & What To Do When You’re Audited | Amanda Han E190 May 21, 2024

On today’s episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. She’s been featured on Money Magazine, Google, and Forbes.
Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals, international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.
They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you’re audited, and cost segregation studies.
Lastly, they talk about down payments and roll overs, Amanda’s advice for Rich’s companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.
Connect with Amanda on Instagram: @amanda_han_cpa

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why I Stopped Drinking Alcohol & How to Build Your Personal Brand Starting From Zero | E189 May 18, 2024

On today's episode, Rich and Alex discuss Rich’s reasons for not drinking anymore, the advantages of podcasting and meetups, why people are afraid to post content, and the 5 reasons why content is important. Lastly, Rich announces a new content mastermind, The 7 Figure Creator, starting in June!
Visit the7figurecreator.com to book a free call with our team.
Editor's note: Rich's reference was to Episode 96 of the podcast - "How to start a meetup"

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Quit Your Job To Travel The World | Brian Luebben E188 May 16, 2024

On today’s episode, Rich sits down with Brian Luebben – Entrepreneur, Podcaster, Author, Coach. Brian left his corporate life, where he made it to #8 out 5072 in a Fortune 500 Sales organization, to travel full time around the world. He’s built two 7 Figure Companies and has fully replaced in $20k/month income from his w2 through cash-flowing real estate. Brian’s #1 Amazon Bestselling Book, “From Passive to Passionate”, has been featured in The New York Times, Wall Street Journal, and Publishers Weekly.

Rich and Brian start off by discussing traveling to Columbia, financial freedom, what Brian’s sales job looked like before he left, Rich’s experience as an air traffic controller, the power of podcasting, the WAMM method, building your first $1000/month in passive income, the 3 levels of clarity, starting with the where and ending with the how, being selfish, the enthusiastic beginner vs the grizzled educator, the secret sauce to podcasting, and what the algorithm exists for.

They then reflect on making content over the last few years, shamelessly promoting yourself, the fear of upsetting others, defining financial freedom, what makes for an entrepreneur, passionate income, relying on income, Rich’s takeaways on his break from alcohol, and the two different seasons of life to pivot between.

Lastly, they talk about the perfect Tuesday, drinking to have fun, online courses and why they don’t work, tracking engagement, how Brian built his community, building businesses based on feedback with just 3 steps, how Brian made $100,000 in 24 hours while vacationing in Brazil, the abundance mindset, pricing out masterminds, Brian’s hosted retreats, renting out boutique hotels, Rich’s mastermind retreats, building teams and helping others, 10/10 moments, documenting through podcasting, why Brian is choosing to invest in boutique hotels, the Walt Disney business method, podcasting 5 days a week, why people listen to podcasts, reposting content, and traveling this summer.

Connect with Brian on Instagram: @brianluebben

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

His Brokerage Has Done $10 Billion in Real Estate Sales | Oliver Graf E187 May 14, 2024

On today’s episode, Rich sits down with Oliver Graf – Entrepreneur, Speaker, Real Estate Investor, and Consultant. Oliver is the Co-Founder & President of Big Block Realty - recognized as one of the fastest growing brokerages in the country. He’s also the host of the Founders Club Podcast, the Co-founder of Closing Table - a high-level real estate mastermind, along with Sam Khorramian and Roland Frasier, the Manager and Co-creator of Real Closers, the 2nd largest Facebook group for realtors, has $10+ Billion in real estate sales, and a husband and father to two sons.
Rich and Oliver start off by discussing meeting back in college, catching up at Beers & Deals, 125% loan-to-value second mortgages, Rich’s first property he ever bought, a deep dive on short sales, short sale periods, the 2009 financial crisis, and the current rate environment and rate normalization.
They then reflect on Rich’s first piece of investment real estate, the San Diego market, Oliver’s first deal in Arizona, what two thing’s Rich needs in order to buy a new deal, adding value, the rent-by-the-room model, where the idea for Big Block Realty came from, concierge services in 2011, how many agents Big Block Realty has hired, the franchise model, the benefits of masterminds, Kent Clothier, the first steps to franchising, and why agents don’t buy real estate.
Lastly, they talk about the benefits of marrying a realtor, encouraging everyone to buy real estate, why partnerships are tough, CSU San Marcos, college fraternities, what Oliver is looking forward to, where realtors business comes from, and why consistency is key in all aspects of life.
Connect with Oliver on Instagram: @OliverGraf360

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Ability to Raise and Multiply Capital is a High Value Skill | Saturday Edition E186 May 11, 2024

On today's "Saturday Edition" episode, Rich is joined by James McCabe – Entrepreneur, Investor, Founder of The Placement Funds, and Podcast Host of “A Million Ways to Make a Million Bucks.” As an investor, capital raiser, and connector, James has facilitated over $100M for real estate projects in recent years. While James’ funds are primarily focused on Multifamily real estate they also have diversified interests to include businesses and structured lending. James also host the Podcast A Million Ways to Make a Million Bucks.
Rich and James start off by discussing the benefits of having a fund vs a syndication, as well as accredited and non-accredited investors. They then analyze the 80-20 rule of raising capital and providing value outside of the deal. Lastly, they talk about the value of podcasting and social media, the people that invest in the first deal, and who may not be a great fit to invest.
Connect with James on Instagram: @_jmccabe_

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Mid-term Rental Playbook | Ruben Kanya E185 May 09, 2024

On today’s episode, Rich sits down with Ruben Kanya – Mid-Term Rental Specialist & Investor, Co-Founder of Invested Escapes, Podcast Host of The Real Estate Experiment, and Author of Hospitable Hosts. Ruben helps real estate investors 3x their returns without changing or disrupting their existing short-term rental operation by adding the mid-term rental insurance strategy. Ruben owns half a dozen properties between Atlanta and Cape Cod, Massachusetts, and also controls more than 30 properties within his nationwide network — where he and his team have brokered and/or co-hosted mid-term rental insurance contracts for other investors.
Rich and Ruben start off by discussing Ruben’s takeaways from Jesse Vasquez’s mid-term rental conference, the benefits of real estate and mid-term rentals, the real estate market in Georgia, leveraging real estate, Codie Sanchez, the negotiation of equity, and the baby boomer business opportunities.
They then reflect on defining mid term rentals, Ruben’s negotiations with insurance companies, relocation and staffing agencies, hybrid modeling mid-term rentals, the issues that Ruben is solving in this community, the average premiums of mid-term rentals. insurance companies and public adjusters, what mid-term rentals rent for, and adding fees to reoccurring revenue.
Lastly, they talk about arbitraging, the biggest risks to mid-term rentals, corporate housing, depreciating cashflow, how to get started in mid-term rentals, the best places to list, how to list mid-term rentals on Airbnb, Ruben’s mastermind, Mike Sjogren, Ruben’s trip to the west coast, Ruben’s inspiration, and the benefits of podcasting.
Connect with Ruben on Instagram: @therealestateexperiment

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Spending Habits & Distractions that Come with Being an NFL Star | Golden Tate E184 May 07, 2024

On today’s episode, Rich sits down with Golden Tate - Former Wide Receiver for the Seattle Seahawks, Detroit Lions, Philadelphia Eagles, and New York Giants, Center Fielder for the Port Angeles Lefties, Husband, and Father. Golden, originally from Nashville, Tennessee, is a former NFL wide receiver and multi-sport athlete known for his exceptional talent and versatility. Tate's journey to professional sports began at the University of Notre Dame, where he excelled both on the football field and the baseball diamond. Tate became the first-ever Biletnikoff Award winner from Notre Dame. He was drafted twice for MLB, but ultimately chose the NFL and was drafted by the Seattle Seahawks in the 2nd round, 60th overall pick, in the 2010. During his four-year tenure with the Seahawks, Tate played a pivotal role in the team's victory at Super Bowl 48.
Tate earned numerous accolades, including a Pro Bowl selection in a standout season where he recorded an impressive 99 catches for over 1,330 yards. For 5 seasons from 2015-2019, Tate held the YAC King title throughout the NFL with 1,003 yards after the catch, (nearly doubling Larry Fitzgerald’s 674 YAC, in 2nd place). His peers recognized his talent and contributions, voting him as one of the NFL's Top 100 Players in 2015.
Rich and Golden start off by discussing Golden’s love for football and baseball, playing football and baseball at Notre Dame, getting drafted by the Arizona Diamondbacks and the San Francisco Giants, balancing sports and social life, comparing athletes now to 10 years ago, managing distractions, Golden’s wife Elise, David Goggins and mental toughness, never being satisfied with where you are, the transition into retirement for athletes, and the difficulty of being a wide receiver.
They then reflect on living in San Diego, Drew Brees, Golden’s experience playing ping pong, going pro in pickleball, Golden’s famous Hail Mary catch against the Packers, maximizing opportunities, Golden’s experience at the Super Bowl, his experience playing for the Detroit Lions and the New York Giants, negotiating contracts, why Golden left the Seahawks, and the fallout between Golden and Russell Wilson.
Lastly, they talk about Manti Te’o’s catfish story, where hate comes from, who makes for the best leaders, why life is all about perspective, Grant Cardone and pride, humility, Golden’s relationship to religion, accountability, athlete contracts and what agents make, Ohtani’s contract with the Dodgers, where money really goes for athletes, BYLT, flying private jets, investing in real estate through Avatar, and America’s best kept secret.
Connect with Golden on Instagram: @showtimetate
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Money Loves Speed, Poverty Loves Indecision | Saturday Edition E183 May 04, 2024

On today's "Saturday Edition" episode, Rich joins DJ Young on his podcast - Conversations with DJ Young. DJ grew up in Burriana, Spain and played played junior tennis competitively from ages 4 to 16. He was first introduced to pickleball at age 18 by his dad and has won numerous pickleball accolades since turning pro, including the World Pickleball Championships, MLP Season 2 Newport Beach (Ranchers), and a PPA silver medal in men’s doubles.
Rich and DJ start off by discussing how Rich got into real estate investing, the risks to jumping into doing real estate, ending partnerships and risk tolerance, Rich’s plan for the future, what advice Rich has for new investors, the easiest way to become a millionaire, and calculated risks.
They then reflect on the dedication it takes to see results, Alex Hormozi, maximizing productivity during the day, Rich’s daily schedule, why Rich tucks his ears into his hat, Fast Lane Drive, Rich’s affiliate partnership with BYLT, Rich’s book recommendations, and the people Rich looks up to the most.Lastly, they talk about building communities, action takers, Connor McGregor & Golden Tate, why Rich predominately hires women, where the opportunities are, the 80-20 rule, and their next pickleball session.
Connect with DJ on Instagram: @djyoungpb
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

2024 Real Estate Market Forecast & Is Right Now a Good Time to Buy? | Kenny Simpson E182 May 02, 2024

On today’s episode Rich sits down with Kenny Simpson - Mortgage Broker, Entrepreneur, and Co-host of the Get in the Cashflow Game podcast. Kenny has been in the mortgage broker game for 20 years, has funded over $1.5 Billion in loans and helped 5000+ clients. He used to manage several multifamily properties (properties with upwards of 2000 units,) but sold them and now focuses his time strictly on the mortgage business, his wife and 2 girls, and his podcast. He also personal owns 50+ units with a net cashflow of $350K.

Rich and Kenny start off by discussing meeting initially, Rich’s first time speaking, what Kenny has been up to since they first met, the current rate environment, Kenny’s analysis of the current rates, credit card delinquencies, the potential for rate cuts, who is buying deals right now, why Rich and Kenny are bullish on San Diego, who’s buying homes in San Diego, Kenny’s portfolio, becoming the biggest influencer in mortgages, and the endless opportunities in real estate.
They then reflect on Kenny’s brokerage system, Fannie Freddie Loans, pricing for Non-QM Products, DSCR Loans, maximizing leverage with Non-QM loans, appraisals, ADUs, several properties that Rich is currently looking at, and the Pacific Beach market.

Lastly, they talk about commercial real estate, the value of relationships, Ryan Serhant, relationships over transactions, standing out to lenders, where Kenny sees the rate environment going in the next year, whether we’ll ever see 3% rates, Grant Cardone, how the fed has locked out buyers, which neighborhoods Kenny is bullish on in San Diego, Little Italy, and how Hotel Zindel is doing.

Connect with Kenny on Instagram: @kennybsimpson
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How She Scaled to $10M+ in Real Estate by Age 26 Using Social Media | Soli Cayetano E181 Apr 30, 2024

On today’s episode Rich sits down with Soli Cayetano - Real Estate Investor, Entrepreneur, and Founder of Out Of State Investor Academy. Soli is a 26 year old investor located in the Bay Area, CA with a portfolio of properties in Ohio, Georgia, and soon to be Palm Springs, CA. In her first 4 years of investing she’s built a $10M portfolio including 45 rentals and a 64 unit multifamily syndication. She started investing using long term and mid term rental strategies and is now expanding into the boutique hotel space to create unique experiences. In 2023 she founded Out of State Investor Academy which has helped hundreds of investors learn how to build cash flow in more affordable markets across the country.
Rich and Soli start off by discussing initially meeting, coordinating yacht meetups, Rich’s first deal, Soli’s experience speaking at the Mid Term Rental Summit, how to raise private capital, the BRRRR strategy, Rich’s first boutique hotel, Soli’s experience as a commercial real estate broker, how Soli got into real estate investing, the opportunities afforded by real estate investing, how Rich got into real estate investing, the price range that Soli buys in, Cincinnati, Georgia, Soli’s first boutique hotel, geodomes, finding the right market, learning experiences, and getting what you asked for.
They then reflect on the Palm Springs market, nude resorts, sending in credibility stacks, pushing ourselves outside our comfort zone, adding tremendous value to properties, cosmetic changes, the importance of wellness, modernism in Palm Springs, Soli’s new community, mastermind retreats, Jesse Vasquez, and Rich’s new idea for a San Diego conference.
Lastly, they talk about posting daily content, the changing algorithm, Alex Hormozi, the differences between platforms, viral content and the value of a good hook, TRT, and whether everyone should be posting social media content.
Connect with Soli on Instagram: @lattes.and.leases
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Venezuela, Neuralink, & How To Use AI to Grow Your Business | Vanessa Alfaro E180 Apr 27, 2024

On today’s episode Rich sits down with Vanessa Alfaro - Entrepreneur, Real Estate Investor, Founder of Venus Capital and LunaX.AI, Multifamily Syndicator, and Author of “10 paths.” Born in Venezuela, Vanessa founded Absot Marketing at 22, which quickly grew into a leading BTL firm. Expanding to Panama, she co-founded Octametro, hitting 7 figures in a year and earning the title “Woman of the Year.” Later, in Los Angeles, she co-established the top Hispanic content provider, Autoproyecto. Her real estate investment firm, Venus Capital, has earned $50M AUM in only three years under her leadership. She’s also a mother of 5 children.

Rich and Vanessa start off by discussing meeting at Tyler Deveraux’s conference, Vanessa’s first company, her experiences growing up in Venezuela, Jack McColl, entrepreneurial spirit, Rich’s experience traveling the world, and the dangers of living in the US.
They then reflect on the homelessness issues in the US, Vanessa’s experience with Invisible People and other non-profit organizations, Gavin Newsom’s $5 Billion deal to handle homelessness, how Vanessa met Jack Dorsey, Vanessa’s experience living in Panama, and utilizing AI in real estate investing and business.

Lastly, they talk about competing with other businesses utilizing AI, Artificial General Intelligence (AGI), super humans, Neuralink and Elon Musk, predictive personality tests and it’s uses in business,, SpaceX, utilizing AI with social media, how to use AI to underwrite deals, communicating with clients and friends, low and high risk entrepreneurs, Vanessa’s AI course, how Vanessa juggles running 3 companies and raising 5 children, and leveraging children and entrepreneurship.

Connect with Vanessa on Instagram: @vanessavenuscapital
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Pros & Cons of the Apartment Investing Game in 2024 | Eric Nelson E179 Apr 25, 2024

On today’s episode Rich sits down with Eric Nelson - Entrepreneur, Real Estate Investor, Founding Partner of Wild Oak Capital, and Host of “The Real Estate Mindset” Podcast. Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. He has been investing in real estate for over 10 years, and currently has over 650 units under management, with a team or with his wife.

Rich and Eric start off by discussing the challenges of multifamily investing, Michael Blank, living off of acquisition fees, Robert Martinez’s 2023 foreclosure, what killed deals during the COVID-19 pandemic, Rich’s multifamily portfolio, debt assumptions, the benefits of over-communicating in real estate, and why asset management is important.

They then reflect on why Rich is bullish on Multifamily, struggling asset classes, analysis paralysis, doing the reps and shortcutting the path to success, Eric’s new deal in Texas with Eric Chadderdon, what Eric is doing today to respond to cap rates, Eric’s portfolio, seller carries, and the cost of capital.

Lastly, they talk about private debt funds, raising capital through 401k funds, transitioning funds from 506b to 506c, Bethany LaFlam, Eric’s first multifamily deal, Rich’s first boutique hotel deal, and Eric’s search criteria for finding multifamily deals.

Connect with Eric on Instagram: @wildoakcapital

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She’s a Registered Nurse Buying Apartment Buildings & Helping Other Nurses Reach Financial Freedom | Savannah Arroyo E178 Apr 23, 2024

On today’s episode Rich sits down with Savannah Arroyo “The Networth Nurse” - Entrepreneur, Real Estate Investor, Part-time Nurse, CEO & Founder of Networth Nurse, Author, and Coach. Savannah has worked as a Registered Nurse for over ten years, with extensive experience in leadership and healthcare administration. Through her personal brand, Networth Nurse, Savannah has helped hundreds of nurses with their finances. With an emphasis on education, Savannah leveraged her brand to purchase over $15M of real estate, partnering primarily with healthcare professionals to scale her portfolio. Eager to address financial literacy for the entire healthcare community, Savannah sought to expand her efforts by creating InvestHealth, a Financial Health Benefit for Healthcare Companies.
Rich and Savannah start off by discussing meeting on Rich’s old podcast and what Savannah has been doing since, investing in startups, being passionate about the healthcare community, what it was like working in healthcare during the COVID-19 pandemic, Savannah’s work history as a nurse, Savannah’s real estate portfolio, the current market rate environment, thinking long term, and where Savannah sees opportunity in Oregon.
They then reflect on Savannah’s search criteria for deals, seller financing and loan servicing, Savannah’s startup - InvestHealth, financial literacy, paying off student loans, connecting Savannah’s company to healthcare companies, in-person speaking events, and active vs passive investing.
Lastly, they talk about the opportunity of investing with retirement funds, the opportunities of the tech space, the CARES Act, education and automation in real estate, withdrawing money from 401ks, Forex Trading, Savannah’s real estate portfolio, what she’s looking forward to in 2024, and celebrating financial freedom.
Connect with Savannah on Instagram: @thenetworthnurse
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The “9-5” pays the bills, the “5-9” builds your future | Saturday Edition E177 Apr 20, 2024

On today's "Saturday Edition" episode, Rich is joined by Savannah Arroyo, “The Networth Nurse”. Rich and Savannah start off by talking about their transformation from normal W2 employees to real estate investors. They then analyze useful literature, podcasts, and techniques that helped them live the life they wanted to live, utilizing the “5-9” approach after normal work hours, finding their “whys,” affording themselves the grace to make mistakes, and how they increased their productivity when they got started.
Connect with Savannah on Instagram: @thenetworthnurse

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Secure 0% Business Credit and Get 4-5X Points for Luxury Travel | Jack McColl “King of Debt” E176 Apr 18, 2024

On today’s episode Rich sits down with Jack McColl “The King of Debt” - Entrepreneur, Founder of Credit Stacking, and Business Credit Coach. Jack, better known as “The King of Debt,” has been featured on Market Watch, Disrupt Magazine, Yahoo Finance, and Forbes. He is a self-made mogul who went from having zero dollars in business credit to being approved for $500,000 in a little more than a year. Jack has mentored thousands of entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital to start, scale, and finance their businesses.
Rich and Jack start off by discussing Jack’s first episode with Rich (Episode 68), Jack’s 5 week trip to South America, Columbia and kitesurfing, skydiving in Venezuela, Jack’s passion for sports and hobbies, Jack’s favorite automated business services, optimizing business, and Jack joining the 800 club for testosterone levels and credit scores.
They then reflect on their favorite exercises, the importance of physical fitness, what it’s like showering on planes, comparing first class airlines, accumulating credit card points at different banks, Jack’s experience helping clients secure $150,000 0% interest business credit, the AmEx Business Gold and Platinum cards, and the Wells Fargo’s Autograph Journey Card.
Lastly, they talk about buying assets with business credit, the AmEx business card pros and cons, which cards Jack recommends using, the Bilt Credit Card, tools to keep track of debt payments, the Wheels Up AmEx Travel experience, Private Jets, Set Jet, Elon Musk’s Starlink Satellites, Jack’s big move to Utah, Rich’s experience as a pilot, and Kris Krohn.
Connect with Jack on Instagram: @jackmccoll
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Truth Behind Botox, Ozempic, and Testosterone Use | Dr. Alex Roher E175 Apr 16, 2024

On today’s episode Rich sits down with Dr. Alex Roher, MD - Entrepreneur, Board Certified Anesthesiologist, Nose Filler Specialist, and Owner/Medical Director of SD Botox and Weight Loss Shots. Dr. Roher realized that he wasn’t as fulfilled by his work as he could be. Anesthesia was rewarding, but it didn’t fulfill his artistic side. So to satisfy his creative yearning, he started doing Botox and dermal filler on his wife, and then her friends, and then her friend’s friends. As the business grew, he decided to change the course of his career and pursue a path that could help patients transform their lives for the better through aesthetics.

This vision came to fruition with the opening of SDBotox in 2013. Since then, Dr. Roher has grown his business to become one of the most sought-after medical aesthetic clinics in San Diego. Throughout the years, he has introduced several groundbreaking procedures to his patients in San Diego. He’s helped thousands achieve incredible results, which keeps them coming back time and time again for all of their cosmetic needs.

Rich and Dr. Roher start off by discussing how Dr. Roher got his start in Botox, leaving anesthesiology behind, the pros and cons of using Botox, Rich’s experience with Botox, the mindset of entrepreneurship, Dr. Roher’s impact on the San Diego community, what his business provides to clients, tattoo and hair removal, the best dosage for Botox, the history of botox, the various usage of Botox, lip and eye fillers, and the importance of moderation.
They then reflect on the therapeutic nature of Botox, Botox dosages, the botox family, Dr. Roher’s experience with COVID, generational reactions to Botox, taking care of ourselves, the healthcare system, Ozempic and how it relates to diabetes, the pros and cons to Ozempic, Uber Eats, Dr. Roher’s 7 day water fast, when we should start taking Ozempic, Dr. Roher’s business modeling, the history of Ozempic, the pharmaceutical industry, and why everyone hates insurance companies.

Lastly, they talk about real estate insurance, hormone replacement, testosterone injections in men and women, Dr. Roher’s experience with testosterone, the pros and cons of injecting testosterone, and nose fillers.

Connect with Alex on Instagram: @dralexnosebest
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Online Dating vs Organic Dating in 2024 | Saturday Edition E174 Apr 13, 2024

On today's "Saturday Edition" episode, Rich and Alex start off by talking about the Somers Capital yearly yacht meetups, which begin on May 11th. They then analyze the pros and cons of online dating, proper dating etiquette, and share some of their own first date stories.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What it Takes to Become an Elite Athlete & Controversial Topics Around Women's Sports | Lauren Fisher E173 Apr 11, 2024

On today’s episode Rich sits down with Lauren Fisher - 8x CrossFit Games athlete, real estate investor, and founder of Grown Strong, an online fitness community for women. When she’s not busy training, competing, or hosting fitness retreats, she enjoys learning about & investing in real estate with her husband and family.

Rich and Lauren start off by discussing working out at Compound (a San Diego fitness complex), Lauren’s new team, Lauren’s workout routine, a deep dive of CrossFit exercises, Rich’s workout routine, the benefits of lifting, how Lauren got into weightlifting and CrossFit, the importance of real estate investing, what it takes to be an elite athlete, coaching in CrossFit and real estate, and testing testosterone levels for athletes.

They then reflect on women bodybuilders, professional pickleball, natural supplements, misconceptions in CrossFit and weightlifting, transitioning athletes, planning mastermind and fitness retreats across the world, and returning members to retreats

Lastly, they talk about destination spots, wine tasting across the world, Lauren and her husbands new property in Denmark, airbnb restrictions, the rate environment, why Rich is bullish on San Diego, and Lauren’s PRs in Crossfit.

Connect with Lauren on Instagram: @laurenfisher

Join Lauren’s Fitness Retreat Community: https://retreats.grownstrong.com/
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Get in the Airbnb Game without Owning Real Estate | Michael Chang E172 Apr 09, 2024

On today’s episode Rich sits down with Michael Chang - Entrepreneur, Real Estate Investor, and co-Founder and partner at Trustbnb Vacation Rentals and Trustbnb Capital. Based in New York, Michael owns and operates a portfolio of short term rentals in Philadelphia, PA and the Smoky Mountains, TN. Prior to building Trustbnb, Michael was a New York City-based investment banker, who spent over a decade at Citigroup, Merrill Lynch, and Jefferies advising public companies, private equity firms, family offices, and venture capitalists. He has advised and executed over $40 billion in transaction value across 52 deals in his career.

Rich and Michael start off by discussing Manhattan, Wolfgang’s Steakhouse, Michael’s favorite sushi restaurant in New York, Brian Malarkey, Rich’s fourth boutique hotel closed, Michael’s portfolio, rental arbitrage, multifamily acquisition, the importance to investing into larger apartment buildings, the process to taking on large multifamily arbitrage deals, and looking for the right buildings to arbitrage in.

They then reflect on the biggest risks to the arbitrage model, Rich’s arbitrage deals across the US, the best markets to arbitrage in, what Michael recommends doing to start in arbitraging, Michael’s team layout, overseas virtual assistants, tracking KPIs, the CEO mindset, and buying in the Smokys.

Lastly, they talk about moving equity, buying conservatively, the current rate environment, cost segregation studies, picking the right accountant, Michael’s under-the-radar potential new market, what Michael’s the most excited about in the coming year, where happiness stems from, the perks of financial freedom, and how entrepreneurship is a little like thanksgiving.

Connect with Michael on Instagram: @michaelchangbnb
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Another Boutique Hotel Closed | Saturday Edition E171 Apr 06, 2024

On today's "Saturday Edition" episode, Rich starts off by talking about a several deal updates for the Somers Capital Mastermind. Rich then analyzes the journey he and his team have gone on as they closed on a 44 unit boutique hotel in Sonoma Coast, negotiations with the seller, the full pricing of the deal, a few mishaps that happened along the way, and how navigate through potential issues.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Overcoming Adversity Gives You Evidence You Can Do Things | Eric Chadderdon E170 Apr 04, 2024

On today’s episode Rich sits down with Eric Chadderdon - Entrepreneur, Multifamily Real Estate Investor, Co-Founder of Gibby’s Capital Investments, and a Wall Street Journal and USA Today Best Selling Author. Eric is headquartered in Houston, Texas and primarily focuses on Multifamily Acquisitions. He made the transition full time to multi-family real estate back in 2021 from direct sales and management.

In the last three and a half years, Eric has gone from 0-2043 doors as a General Partner, owning just over $260MM of Multifamily Real Estate. He’s been a guest on several podcasts, has articles written about him in both Yahoo Finance and the New York Weekly, is a Wall Street Journal and USA Today Best Selling Author for his book “All In,” and has been invited to speak at multifamily conferences across the nation.

Rich and Eric start off by discussing how they first connected in Orlando at Peak Partnership 2024 (an event hosted by Tyler Deveraux), meeting Tyler Deveraux, how Eric got started in real estate, learning from bad investments, Eric’s first property - a 220 unit multifamily property, partnering with mentors, Eric’s second property in Houston, the interest rate market, and Robert Martinez’s foreclosure.

They then reflect on their experiences with bridge lenders, raising capital for deals in a pinch, a deal that Somers Capital is going to be a co-GP on, where Eric got engaged, analysis paralysis, being a sole GP, in house property management vs third party management, what Eric recommends for the first deal, growing active communities, what Eric is focused on in 2024, and delayed gratification.

Lastly, they talk about learning how to raise money, the fear of the unknown and pushing through adversity, diet and fitness, starting with momentum, Lauren Fisher, the difference between success and failure, providing value to others, Rich’s experience with podcasting, the benefits of podcasting, Joe Rogan, and real estate meetups.

Connect with Eric on Instagram: @eric_chadderdon
Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Military to Millionaire | David Pere E169 Apr 02, 2024

On today’s episode Rich sits down with David Pere - Entrepreneur, Real Estate Investor, Podcast Host, Author, Public Speaker, and Financially Free Marine. Dave is a 13-year Marine Corps veteran. In 2015, he purchased his first real estate investment– a duplex he house hacked, and then went all in on real estate. In 5 years he went from a negative net worth, to a millionaire with 100+ rental units, and was able to transition off active duty to work for himself. He’s written two books now about building wealth while serving, and has a community of 60,000+ Military Millionaires.
Rich and Dave start off by discussing Rich’s Beers & Deal Meetup, Dave being able to exit the Marine Corps in December of 2023, Dave’s experience as a convoy truck driver, military pensions, why there’s no guarantee with pensions, the worst case scenario, Springfield, MO, Dave’s portfolio in Missouri, Dave’s new property in Tennessee, boutique hotels, increasing efficiency, and Patel Hotel Motels.
They then reflect on Dave’s portfolio in RV parks and boutique hotels, how Dave got started, the power of a brand, Connor McGregor and Road House, Dave’s experience renting on Turo, Fast Lane Drive, Rich’s G-Wagon, no money down loans and VA loans, barndominiums, living in places to entertain, Dave’s experience with social media, Dave’s Mastermind: The War Room, Rich and Dave’s biggest takeaway from getting into real estate, financial freedom, sleep schedules, and the highest and best use of Dave’s time.
Lastly, they talk about what Dave is most excited about for 2024, micro and macro-dosing, and prioritizing family.
Connect with David on Instagram: @frommilitarytomillionaire

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

This No Money Down Real Estate Play Can Make You Millions | Saturday Edition E168 Mar 30, 2024

On today's "Saturday Edition" episode, Rich is joined by co-host Mike Tighe to answer the top question of the week that was sent in by our listeners.
Rich and Mike start by talking about being able to co-host on a pod again. They then analyze no money down mortgages, VA loans, how both Mike and Rich got started with no money down loans, Mike’s portfolio, closing costs and agreements on terms, Rich’s portfolio, buying stocks, closing on properties with ADUs, why Rich was able to quit his job, capital gains taxes, and listening to experts and doing your own research.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Mike on Instagram: @miketighe_
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Cashed Out His 401K and Now Owns $80M in Real Estate | Mike Tighe E167 Mar 28, 2024

On today’s episode Rich sits down with Mike Tighe - Entrepreneur, Real Estate Investor, Author, Private Pilot, US Navy Veteran, Former Air Traffic Controller, and co-host of the Real Estate Takeoff Podcast. Mike left his $200,000 salary W2 job and now has over $80 Million in Real Estate, owned or built, and his podcast has over 250,000 downloads. He also happens to be one of Rich’s former partners and is responsible for getting Rich into the real estate game.

Rich and Mike start off by discussing how Mike introduced Rich into real estate, their first joint purchase, the law of reciprocity, why they love the multifamily asset class, why the Indianapolis market has been thriving, what Mike 1031 exchanged his portion of their first deal into, Joshua Tree and Big Bear, buying Airbnbs in 2022, oversaturated markets, the high interest rate market, pivoting into real estate development, why Mike wants to continue in the 30-60 unit build market, why Rich sees opportunity in Boutique Hotels, what Rich’s business coach has taught him, being bullish on San Diego, and the bonus ADU program that Mike utilizes.

They then reflect on Mike’s properties in San Diego, permitting processes and coastal development permits in San Diego, return profiles and quarterly distributions, leap of faith modeling, bridge debt and loan lending, loans-to-purchase and construction debt, not triggering capital gains, refinancing, what Mike is looking to purchase next, the best way to source development deals, buying rundown retail, Andrew Greer’s episode, and why Rich is bullish on San Diego.

Lastly, they talk about what’s next for Mike, business coaches, Hunter Thompson, how to attract capital, networking events, co-GP armies, capital raising, Rich and Mike’s experience beginning in real estate, Mike’s advice for anyone looking to get into real estate, getting around the right groups, why hate never comes from above, the pay-to-play model, Mike’s wedding, and Mike’s biggest takeaways.

Connect with Mike on Instagram: @miketighe_
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Makes $175,000/month in Passive Income at Age 26 | Blake Rocha E166 Mar 26, 2024

This episode is a re-run of Blake Rocha’s original episodes, which aired May 16th and 18th, 2023.
On today’s episode Rich sits down with Blake Rocha - Content Creator, Entrepreneur, Coach, ex-stock trader. Blake is the founder of BNB Profits Program and other 7 figure businesses. He’s only 26 years old and makes $175,000/month in passive income.

Rich and Blake start off by discussing meeting each other through Mikey Taylor, how Blake got into real estate, teaching audiences about financial freedom, how to effectively build passive income, reducing tax payments, how to get into real estate and finding effective mentors, reverse engineering, Blake’s first real estate deal, and Rich’s first mentors.

They then reflect on Blake’s portfolio, why real estate is the best asset class, Rich’s best performing asset, creating unique wealth-building opportunities, having active income, why 401ks are ineffective in building wealth, constructing business around your lifestyle, the grind-set mentality, the seasons of work, chasing excitement, traveling without itineraries, where happiness stems from, the highs and lows, why Blake loves the journey and being addicted to the game, Alex Hormozi, the only guarantee being death, cutting out negativity and partnerships, and effectively adding value.

Lastly, they talk about Blake’s airbnb business, being able to retire their parents, Blake’s coaching program, the value of podcasting, why Blake sees value in YouTube, Threads and X (aka Twitter,) growing social media followings, how Blake got into making content, the value of a hook in content creation, documenting the whole process, Ryan Serhant, Pace Morby, the advancement of technology, Blake’s process to creating content, thinking in content, utilizing other content creator’s processes, the value of saves and shares, becoming the expert through reacting, the benefits of rehearing content, hiring content managers, social media posting frequency, being perfectionists, Tai Lopez, playing stupid games, why real estate is evergreen, PPP Loans, and playing long term games.
Connect with Blake on Instagram: @mrfourtoeight

Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Importance of Buying in a Good Location | Saturday Edition E165 Mar 23, 2024

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex start by talking about their plans for the weekend and daylight savings. They then analyze the importance of buying in high growth markets, Rich’s first multifamily deals, chasing cashflow, what the first deal should look like and the fundamentals to a good deal, where Rich sees potential in the market right now, the importance of appreciation, and Rich shares several tips on what to look for when buying a property.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

220 Apartment Units by Age 32 | Christian Osgood E164 Mar 21, 2024

Rich sits down with Christian Osgood – Entrepreneur, CEO of Kenosha Property Management, and COO of Multifamily Strategy. Christian Osgood is a 32-year-old Real Estate Investor with a 200+ unit portfolio of Multifamily and Hospitality properties, based in Washington State and Texas. In 2020, Christian left a 4 year sales career at the Costar group to become a full time investor and with $100,000, utilized creative finance to purchase $24,000,000 in real estate assets.

Rich and Christian start off by discussing what Christian is doing in the multifamily space, the markets that Christian is in, the state of Washington, Gorge Amphitheater, Christian’s start as an investor at age 25, his portfolio of properties (including a 38-plex property that started with a chicken infestation), Rich’s 32-unit multifamily deal in Indianapolis, raising money, Christian’s boutique hotel in Washington, how Rich got into boutique hotels, the self-check in model, self managing properties versus third party management, having a full-time cleaning team on payroll, and why Rich enjoys real estate investing.

They then reflect on taking over multifamily properties, Christian’s experience with running a property management company, using Facebook marketplace to lease out units, decentralized property management, what rent runs for in central Washington, how Christian maintains 100% occupancy, the cash for keys technique, why Washington and California are not landlord friendly states, pickleball, and why Christian broke up his partnership.

Lastly, they talk about not burning bridges, disgruntled partnerships, Christian’s 28-unit mobile home park, Boeing’s influence in Washington, 6-month hotel stays, why Christian won’t change the zoning of one of his properties, what Christian is focused on in 2024, and what’s next after stabilization.

Connect with Christian on Instagram: @christianosgood
Interested in investing in this opportunity?
Visit somerscapital.com/invest to book a free call with our team.
*This offering is for accredited investors only*

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Harder it is to Buy, the Easier it is to Keep | Grant Cardone E163 Mar 19, 2024

This episode originally aired April 2020 on Rich’s old podcast “The Multifamily Takeoff”
Grant Cardone is the CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion.

The group starts off by discussing Grant’s background growing up in Louisiana, Grant’s first few deals, what initially attracted Grant to Multifamily homes compared to single family, why multifamilies did the best during the pandemic, and the importance of job growth.

They then reflect on the need to scale, maximizing value with deals purchased, why renters want to pay rent, looking at deals during the pandemic, why Grant won’t invest in Wall Street, modeling investing after Warren Buffett, stimulus checks, and where Grant predicted the markets would go after the pandemic.

Lastly, they talk about new money in multifamily, lenders in the pandemic, Grant’s cash reserves, Grant’s vision for his own future, Grant’s Gulfstream 550, Grant’s biggest mistakes he’s made, and his advice to new real estate investors.

Connect with Grant on Instagram: @GrantCardone
Connect with Mike Tighe on Instagram: @miketighe_

Connect with Shawn diMartile on Instagram: @shawn_dimartile

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Boats, Man Caves, and $500M in Real Estate | Ryan Garland E161 Mar 14, 2024

Rich sits down with Ryan Garland – Entrepreneur and Real Estate Investor, Founder and Chairman of Paradyme, Developer and Investment Manager, and Fund Manager. Ryan’s company, Paradyme, is a private equity firm that has been at the forefront of developing innovative investment solutions. Garland started his career in real estate by dealing with Single Family Residences (SFR). During the 2008 recession, he demonstrated his strategic skills by successfully closing over $2 billion of real estate transactions. He focused on distressed assets and "workout turnarounds" in the SFR and commercial sectors, which helped him become a top originator in California. His outstanding performance earned him recognition in the prestigious Top Producer Magazine. Garland oversees a $100M debt fund for 1st Trust Deed bridge loans.

Rich and Ryan start off by discussing first connecting Miami for Ryan’s Mastermind, befriending Jordan Belfort, politics driving migratory patterns, the volatility of the market, private funding, shifting borrower activities, why hard money lenders make so much money, why Ryan will foreclose on properties, networks being your networth, Rich’s Boutique Hotel deal in Washington, why Ryan appreciates Rich’s funneling model, the importance of inviting investors into our families, and live streaming the development of properties.

They then reflect on what it’s like starting a debt fund, the risks in underwriting and debt funds, Ryan’s preferred budget for debt funds, financing boats, why there’s more cash buyers in the market today, car buyers, the PPP loans taken out during the COVID-19 pandemic, Ryan’s experience in 2008 financial crisis, Ryan’s boat, how Ryan ships his boat across country, and what Ryan is doing in the man cave space.

Lastly, they talk about barndominium designs, self storage spaces and financing, where Ryan sees demand for barndominium man caves, why Ryan won’t use airbnb for renting out his barncaves, why everyone hates the HOA, HOA policies, the Lifetime fitness model of reducing HOA costs, Ryan’s real estate projects and wineries, and a deep dive on mezz debt.

Connect with Ryan on Instagram: @ryangarland_paradyme

Visit primecorporateservices.com/richsomers to book a free call
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Makes $300k/yr Playing Pickleball & Why This Sport Is Taking Over America | DJ Young E160 Mar 12, 2024

Rich sits down with DJ Young – Professional Pickleball Player. DJ grew up in Burriana, Spain and played played junior tennis competitively from ages 4 to 16. He was first introduced to Pickleball at age 18 by his dad and has won numerous Pickleball accolades since turning pro, including the World Pickleball Championships, MLP Season 2 Newport Beach (Ranchers), and a PPA silver medal in men’s doubles.
Rich and DJ start off by discussing DJ’s childhood, the benefits of living in San Diego, how Pickleball (PB) got it’s start, the differences between PB leagues, how profitable PB is compared to sports like Tennis, DJ’s daily training routine, how to effectively recover from injuries, and the recent escalation of competition in PB.
They then reflect on DJ’s connection to Tyson McGuffin, Hayden Patriquin, the ideal physicality to play Pickleball, Rich’s favorite things about being an entrepreneur, how Rich met Alex Johnson, what Rich was like before real estate investing, DJ’s idea to create his own podcast, how DJ met and became friends with Golden Tate, the pay scaling of PB, Jokovich’s prize money, the differences between Pickleball and Tennis, famous Tennis players, and the intricacies of PB competitions.
Lastly, they talk about DJ’s future competitions, different competitive strategies in PB, the differences between singles and doubles events, how to get into Professional Pickleball, playing with intent, PB coaching, and the investing opportunities in Pickleball.
Connect with DJ on Instagram: @djyoungpb
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Future of Boutique Hotels & The Power of Personal Branding | Saturday Edition E159 Mar 09, 2024

Rich joins co-hosts Thomas Castelli and Ryan Carriere on their podcast: Tax Smart Real Estate Investors. This episode originally aired in their feed on February 6th, 2024.
On this episode, they discuss Rich's journey and why he transitioned from multifamily value-add and STRs to boutique hotels, STR regulations and tax strategies, and personal branding tips for real estate investors.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Thomas: www.thomascastelli.com
Connect with Ryan: www.linkedin.com/in/ryancarriere

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Flipped Over 150 Houses in Southern California | Alex Camacho E158 Mar 07, 2024

Rich sits down with Alex Camacho – Real Estate Investor, Coach, and Mentor. Alex has a track record of over 150 real estate investment deals in the past five years. His primary focus has been on residential properties in California, and Hawaii, while he also owns a multifamily building in Phoenix, Arizona. Alex has been featured on numerous platforms, including the BiggerPockets Real Estate Podcast (Ep. 418), Wealthy Way Podcast (Ep. 058), and Real Estate Disruptors. He also hosts real estate investing meetups in Los Angeles, attracting over 150 attendees.
Rich and Alex start off by discussing Guadalajara and its culture, what Alex is doing in the real estate space in LA, Palmdale, what Alex is doing in the multi-family space, 1031-exchanges, Rich’s Scottsdale Airbnb, the benefits of Las Vegas, and the Bigger Pockets conference.
They then reflect on Alex’s current passion projects, the benefits to working with virtual assistants, Alex’s experience with hosting meetups in LA, promoting nightclubs in LA, the value of meetups, what Alex is focused on in 2024, why realtors don’t get into investing, how Alex got into Real Estate, how Alex’s family responded to him getting into investing, and how Alex responded to the interest rate hikes in 2022 and 2023.
Lastly, they talk about the rate environment today, wholesaling deals, ADUs in LA county, permanent debt and seller financing, DSDR loans, Rich’s Airbnb properties, why Rich and Alex love San Diego, living in Hawaii, what Alex would’ve done differently getting started, and Alex’s biggest mistake.
Connect with Alex on Instagram: @alexcamachotv
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.
Visit primecorporateservices.com/richsomers to book a free call.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What it Takes to Become the Greatest Version of Yourself | Simon Keith E157 Mar 05, 2024

Rich sits down with Simon Keith – Social Entrepreneur, Humanitarian, Philanthropist, and former professional soccer player. Simon received a heart transplant when he was 21 years old and is known as the world’s first heart transplant recipient to play a professional sport. He’s one of the longest-living organ transplant recipients in the world, and had a second transplant in 2019. Today Simon is a successful businessman who is recognized as an expert in the fields of organ donation; C-Suite, Board of Directors, and Management Team development; and entrepreneurship.
In 2012, he founded The Simon Keith Foundation, an organization dedicated to increasing organ donor awareness and educating transplant recipients. He also penned his autobiography, Heart for the Game – with a forward written by 2-time NBA MVP Steve Nash – that details his unique life journey. In the decade since, The Simon Keith Foundation has raised millions of dollars to support kids who have had transplants as well as spread organ donation awareness around the world.

Rich and Simon start off by discussing Las Vegas becoming a huge business hub, Simon’s experience playing professional soccer, the media attention that Simon experienced during his career, what Simon did after he retired from soccer, why athletes succeed as entrepreneurs, competitiveness & the difference between amateurs and professionals, Simon’s experience starting out as an entrepreneur in Las Vegas, going the extra mile in business, Simon’s first and second companies, staffing for stadiums, and Simon’s experience with Don King.

They then reflect on scaling companies and exiting companies, how Simon got into consulting, Simon’s experience doing an ESPN piece in 2011 and how it changed his life, Simon’s foundation and their mission, what Simon will typically speaks about during engagements, what young entrepreneurs need, becoming the best version of one’s self, what we’re most afraid of, taking risks that others won’t take, how entrepreneurs can scale businesses, and the importance of character & building relationships with others.

Lastly, they talk about the importance of choosing the right partner, the key to staying married, Simon’s second heart transplant, what Simon is doing in the consulting game, how Simon determines whether he’ll invest in companies, what Simon is looking forward to in 2024, success in politics, the key to success in business, the fear of failure and success, and our greatest purpose.

Connect with Simon on his website: www.simonkeith.com
Connect to the Simon Keith Foundation: www.thesimonkeithfoundation.com
Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What Are Virtual Assistants & How Can They Support My Company? | Saturday Edition E156 Mar 02, 2024

Rich is joined by co-host, Alex Camacho, on today’s episode of the Saturday Edition. They answer the top question of the week that was sent in by our listeners.
Rich and Alex reflect on their experiences working with Virtual Assistants (or VAs). They then analyze the many roles that VAs can perform inside a company and where real estate investors can find the best VAs.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Alex on Instagram: @alexcamachotv

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Built a 125 Unit Portfolio Starting with No Credit and $1,000 | Henry Washington E155 Feb 29, 2024

Rich sits down with Henry Washington – Real Estate Investor, Author, and Co-Host of Bigger Pockets. When Henry married he quickly realized that working 50 hours a week was still not giving him enough income to provide his family with the life they deserve. After a late-night panic attack and some Google searches, Henry found that real estate investing was a powerful tool for building generational wealth. He immediately took action by attending local investor meetups, listening to podcasts, and telling everyone that he was an investor. Henry closed on his first investment property only 90 days later. Now he's 6 years into his real estate investment journey, has over 100 cash-flowing properties, and flips about 20 houses a year.

Rich and Henry start off by discussing how Henry became a host with Bigger Pockets, STR Wealth Con and Nashville, Brandon Turner, how to network correctly, Henry’s other podcast: On The Market, avoiding fearmongers, current interest rates, rate cuts and the current election year, and what Henry’s portfolio looks like right now.

They then reflect on real estate being a people business, how Henry finds deals, radio ads, how Henry got his start in real estate, buying the first deal, the buy and hold strategy, whether one should flip or re-fi and hold properties, what Henry can typically pick up in his market, what working at Bigger Pockets is like, building trust with communities, Henry’s favorite members of Bigger Pockets, what Henry is most excited about in 2024, working with lenders, and what Henry teaches his students.

Lastly, they talk about hiring content managers, the benefits of utilizing social media, Ryan Pineda, different ways to add value, the value of hosting meet ups, successful real estate investors and those who give up, and growth and progress.

Connect with Henry on Instagram: @thehenrywashington

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Dresses the World’s Most Famous Names & Conor McGregor’s Viral Suit | David August E154 Feb 27, 2024

Rich sits down with David August – Founder, CEO, and Creative Director of David August Clothing and co-partner with Conor McGregor for August McGregor, a luxury lifestyle brand. Since 1989, David August Heil has crafted the finest custom men’s wardrobes for international leaders in business, sports and entertainment, like Tony Robbins, Frank Gehry, Jeff Koons, Sylvester Stallone, Chris Hemsworth, Robert Downey Jr., Lorenzo Fertitta, Warren Buffett, Dave Bautista, Brooks Koepka, Sean McVay, Elon Musk, Louis D'Esposito, Conor McGregor and many others.

Rich and David start off by discussing the gift that David gave to Rich prior to recording, Conor McGregor’s last fight, David’s brother - Duane, how David got into clothing design, David’s first company - David Rickey and Co, what David learned from his first mentor, and what it’s like dressing Calvin Klein.

They then reflect on the importance of personal branding, collaborating with others, how David met Conor McGregor, Dana White, David’s fashion collaboration with Conor McGregor - August McGregor, how August McGregor was announced, Conor’s famous suit, what being viral means, exclusivity in fashion and branding, Conor McGregor’s wardrobe, Conor McGregor’s fight with Floyd Mayweather, the next press tour that David will be on, how fashion has evolved in the last 20 years, and why fashion begins in Europe.

Lastly, they talk about why certain brands are considered more exclusive and luxurious than others, proper jean measurements, what David is looking forward to in 2024, David’s new clothing company, the difference in clothing styles between the east coast and west coast, and making fashion affordable.

Connect with David on Instagram: @davidaugustheil
Check out David August Clothing on Instagram: @davidaugustclothing

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Set Jet Recently Went Out of Business | Saturday Edition E153 Feb 24, 2024

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex reflect on their trip to Nashville for STR Wealth Con and the mastermind trip, co-hosted with Investor Girl Britt, in Cabo coming up in a few weeks. They then analyze why Set Jet, a charter airline with a membership-based and by-the-seat private jet program, went out of business. Rich then shares his insights to why real estate is the safest bet to invest in.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He's Sold 385 Homes with $0 in Ad Spend, Just YouTube | Levi Lascsak E152 Feb 22, 2024

Rich sits down with Levi Lascsak – Real Estate Agent, Video Creator, and Co-Founder of Living in Dallas Texas, Passive Prospecting, and Passive Productions. Levi and his partner, Travis, made $1 million in their first year marketing their real estate business on Youtube. They surpassed $2.6 Million in the first seven months of their second year. Also an Iraq combat veteran, Levi is a frequent speaker and entrepreneurial expert who has led new companies to seven figures in less than two years.

Rich and Levi start off by discussing Tyler Devereaux, hyper-learning subjects, what building out a successful YouTube channel looks like, what Levi recommends doing to grow on YouTube, Joe Rogan’s method of creating content, searchable content on YouTube, the most searched topics for real estate, titling videos on Youtube, tools to use with YouTube, the importance of a YouTube thumbnail, maximizing key words, and avoiding cross posting between channels.

They then reflect on Levi’s experience as an army veteran, Levi’s experience growing up in Texas, conflicts in the Middle East, changing views after traveling, Levi’s favorite countries to travel to, the Netflix show “Chef’s Table,” Peru and it’s cuisine, Jack McColl and Venezuela, Levi’s experience as a real estate agent, how to effectively have a partnership, generating organic leads, Levi’s tactics to creating content, providing service-based content, why Levi doesn’t look for views or subscriptions, and why the most visible real estate agent wins.

Lastly, they talk about confidence and leveraging the time to make content, TikTok, the different demographics of social media sites, building relationships with viewers, why like attracts like, Tarek El Moussa and his pitch to Rich, Levi’s experience being on HGTV’s House Hunters, whether being on television is worth it, and why all exposure is advantageous.

Connect with Levi on Instagram: @levilascsak
Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Communication Is Key in 2024 | Paul Alex E151 Feb 20, 2024

Rich sits down with Paul Alex – Entrepreneur, Founder of New American Dream, Former Law Enforcement Officer (LEO), and Author. Paul transitioned from a career as a detective in law enforcement to a serial entrepreneur in the world of digital marking. He’s generated $25+ Million in revenue through ATM ventures since January 2021 and achieved a recent milestone of $1 Million in revenue in his newest venture, MerchantAutomation.com.

Rich and Paul start off by discussing what it’s like being a cop in Oakland, the application process of being an officer, being solution driven, leading by example, transitioning from being a LEO to being an entrepreneur, Facebook ad funnels, the BLM movement, customer service jobs, simplicity equalling success, providing value in content, personal brands, and Alex Hormozi.

They then reflect on how much money would change our lives, being on Instagram, humble beginnings, Paul’s coaching program, what separates out success in entrepreneurship, nurturing client relationships, celebrating wins with clients, why success loves speed, making others successful, building out brands, merchant automation services and credit card fees, and financial freedom.

Lastly, they talk about success in content creation, converting organic followers, Instagram verification, vetting offers, hiring the first salesperson, becoming extroverted, treating employees well, having more options today, and what makes us happy.
Connect with Paul on Instagram: @thepaulalex
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Start Your Own Photography Business | Saturday Edition E150 Feb 17, 2024

Rich is joined by Co-Hosts, Jeff and Daniel Bommarito, on today’s Saturday Edition. They answer the top question of the week that was sent in by our listeners.

Rich and the Bommarito Brothers speak on meeting Ryan Garcia in Miami, planting the seeds of meeting others and what it takes to start your own photography and videography business. They also discuss the differences in camera lenses, finding the right mentors to help you get started, the right equipment to start and finding the path while making the path forward.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Jeff Bommarito on Instagram: @jeffbommarito
Connect with Daniel Bommarito on Instagram: @bommaritofineart

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Travel Hacking Debunked & How to Convert Points into Epic Trips | Eli Facenda E149 Feb 15, 2024

Rich sits down with Eli Facenda – Entrepreneur and Founder of Freedom Travel Systems, which helps other entrepreneurs maximize luxury travel points to unlock bucket list travel experiences. Eli has visited 42 countries in the last 5 years and is able to leverage credit card points to get on average around $100k of luxury travel per year.
Rich and Eli start off by discussing being connected through Jack McColl, travel hacking, millennials as sharers, utilizing credit cards effectively, Eli’s craziest trip that he’s paid for using only points, first class international flights, AmEx’s travel platform & revenue pricing models, Rich’s experience in Buenos Aires, maximizing credit point earnings and credit point values, the tax benefits of using credit card points, the fastest way to get to elite status, which cards Eli recommends for travel, AmEx Gold vs. AmEx Platinum, and the wrong way to use credit card points.
They then reflect on Eli’s company, Karlton Dennis, traveling without an itinerary, the best time to buy an airplane ticket, SetJet, the ROI of flying first class, the most limiting belief to credit card points, airport lounge access, Nectar Island, top tier status, the AmEx Centurion Card, what trips Eli is looking forward to this year, Norway in the summer, Eli’s top 3 cities he’s been to.
Lastly, they talk about Budapest, Ireland, Turkey, David August, Eli’s trip to Uganda, and the best way to go on a safari trip.
Connect with Eli on Instagram: @elitravelguy
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.
Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

This Pro Skater Had a $70M Exit and Now Runs a Real Estate Fund | Mikey Taylor E148 Feb 13, 2024

This episode is a re-run of Mikey Taylor's original episodes, which aired May 16th and 18th, 2023.
Rich sits down with Mikey Taylor- Serial entrepreneur and former professional skateboarder. Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery.
Rich and Mikey discuss what it was like growing up skateboarding and going pro, his experience starting Saint Archer Brewing, and some key takeaways on building a successful business. Mikey also shares a hilarious story of a recent viral video with 2 skateboarders bringing their concerns to him at a City Council Meeting.
Rich and Mikey then talk about his pivot into commercial real estate investing, raising money for funds vs. syndications, self-storage, multifamily and ground-up development. They dive into how Mikey built his business, Commune Capital, strategies with investors, and some of the biggest risks he faces with his projects.
Mikey also shares what he’s most excited for in 2023 and his biggest motivation for getting out of bed in the mornings.
Connect with Mikey on Instagram: @mikeytaylor

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What is Subject-To and Creative Finance? | Saturday Edition E147 Feb 10, 2024

Rich is joined by Co-Host, Pace Morby, on today’s Saturday Edition. They answer the top question of the week that was sent in by our listeners.

Rich and Pace speak on the fundamentals of subject-to real estate deal, the types of candidates that make for a good seller, defaulting on sub-to deals, positioning landlords to lenders, and negotiating with maximum leverage. They also discuss the willingness to over-paying on a property, amortization, and bank lending.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Pace on Instagram: @PaceMorby
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Value of “Community” | Pace Morby E146 Feb 08, 2024

Rich sits down with Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets.
Rich and Pace start off by discussing the first time Pace came on the pod, what Pace and Rich have been up to in the last 9 months, providing equity to employees, and aligning interests with employees.
They then reflect on what makes them happy as entrepreneurs, Pace’s A&E Show, the importance of sales and marketing, what makes for a successful entrepreneurs, operating in front of the camera, Alex Hormozi, and utilizing social media.

Lastly, they talk about Pace’s Mastermind, their experience at STR WealthCon 2024, American Airlines and Set Jet, promoting Mastermind members, how Pace got 1,000 units under contract in just over a month, and picking up vans with subject-to.
Connect with Pace on Instagram: @PaceMorby

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Life Rewards Those Who Go “All In” | Mike Sjogren E145 Feb 06, 2024

Rich sits down with Mike Sjogren – Podcast Host of Short Term Rental Secrets, Hotel & Short Term Rental Investor and Coach, and founder of the Short Term Rental Secrets Mastermind. Mike and his wife Krysten started their short-term rental investment and management company in 2017, as a vehicle to build passive income so they could stop trading away time from family for a paycheck. That vision came to fruition within 18 months when their short term rental portfolio replaced their income and Krysten, and Michael both left their corporate jobs. They are based out of Boston, MA, and currently have a portfolio of 43 short-term rental properties across four states, including 2 boutique hotels on Boston’s north shore.

Rich and Mike start off by discussing how they first met, what hosting live events is like, the importance of networking events, how Mike got into real estate investing, quitting W2 jobs, cashing out 401ks, creating your own fire, gaining the confidence and committing to starting, the power of masterminds, elevating how we think, shiny object syndrome, pushing two rocks up a hill, and mastering one thing before branching out.

They then reflect on changing your identity, aligning with others who elevate your interests, what happens when tomorrow isn’t guaranteed, Mike’s first co-hosting deal, Mike’s boutique hotels, commercial real estate, the difficulties of the first deal, having the right connections and finding the right partners, why boutique hotels are becoming more popular, the opportunities that boutique hotels create, the difference between boutique hotels and STRs, Mike’s 13-unit boutique hotel, Mike’s new 57-unit boutique hotel in Salem, and creating great experiences for guests.

Lastly, they talk about switching from in-house management to third party, business infrastructure and real estate strategies, the 80/20 rule, hiring A-level players, what separates great leaders from mediocre leaders, facilitating integrity, Elon Musk, accountability, their highest and best use of time, intentional scheduling, EOS coaching, what excites Mike currently, his Mastermind, Mike’s weekly schedule, Warren Buffett, compressing deadlines, Alex Hormozi, and making expedited decisions .

Connect with Mike on Instagram: @the_airbnbguy

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Find A Good Boutique Hotel Deal | Saturday Edition E144 Feb 03, 2024

How To Find A Good Boutique Hotel Deal | Saturday Edition 144On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich reflects on visiting Miami last weekend for a mastermind hosted by Ryan Garland and meeting Jordan Belfort, Wes Watson, and Ryan Garcia. Rich then analyzes the three things that support finding a good boutique hotel deals. Rich then discusses what he looks for in the next great deal, finding the right broker, direct-to-seller deals, underwriting deals, and setting up GP/LLC structures.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Shifting Demographics, Retiring "Baby Boomers" & Where Their Wealth Will Go | Mark Moss E143 Feb 01, 2024

Rich sits down with Mark Moss – Podcast Host, Radio Host, Founder of Market Disruptors and Co-Author of the bestselling book, The UnCommunist Manifesto. Mark’s show, The Mark Moss Show, analyzes such topics as Economics, Business, Bitcoin, and Freedom. Mark has founded seven companies that hit 7-8 figures in less than a year with multiple business exits including a high valuation Fortune 500 exit. He’s also fixed and flipped over 100 homes and developed over $25m in real estate.

Rich and Mark start off by discussing living in San Clemente, Mark’s studio, how Mark got his start in real estate, how certain events create wealth transfers, the greatest transfer of wealth in American history, the 2008 market crash, how 12 million businesses are owned by baby boomers, the opportunities to grow wealth, where baby boomers are putting their money, where millennials are putting their money, where real estate trends are heading, why millennials are considered nomads, South American real estate, and supply and demand.

They then reflect on the current market rates, a deep dive on cap rates and how they affect the economy, where Mark foresees rates going, how intertwined the Federal Reserve and the Treasury actually is, The Fed’s 2024 rate cuts, why Mark stays away from stocks and Wall Street, international investing, why people don’t actually want more money, why bitcoin is a great investment, the velocity of money, value add projects, and the difference between being rich and having wealth.
Lastly, they talk about the fundamentals of Bitcoin and why one should buy it in 2024, the decentralized revolution, authoritarian governments, when investors should sell, the volatility of bitcoin, and Mark’s fund.
Connect with Mark on Instagram: @markmoss
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Lending Market Update 2024 | Chris Groves E142 Jan 30, 2024

Rich sits down with Chris Groves – a serial entrepreneur who is leading the way in the lending industry and has funded over $7 billion in loans. He and his wife, Aleyna, started Groves Capital Inc, a family-owned mortgage company with the lowest rates in the industry. Groves Capital’s greatest accomplishments have been growing from 2 people to 575 across 25 states in fewer than three years; creating a family feel across the company where everyone works together to help others become successful; and doing billions in volume in such a short amount of time.
Rich and Chris start off by discussing Fast Lane Drive, Chris and Aleyna’s new TV Show “Vows to Ventures,” current market trends, the longevity of the baby boomer generation, re-fi loans, Chris’s new fourplex in Coronado, who funds traditional and non traditional loans, defaulting on loans, and payment penalty negotiations.
They then reflect on non-qm products, DSDR loans, partnering on loans, the importance of location, value add projects, what bridge lenders are capping loans at right now, ARV Percentages, appraising properties, Appraisal Management Companies, fighting and shopping appraisals, and Chris’s experience as an appraiser.
Lastly, they talk about re-financing into fixed debt, development deals, the risks of personally guaranteeing notes, DSDR thresholds, Insurance Rates in California, International lending, where Chris is lending currently, Belize becoming a hot zone, and where Chris plans to travel to in 2024.
Connect with Chris on Instagram: @ceogrovescapital
Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals
Visit primecorporateservices.com/richsomers to book a free call

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Building Wealth Outside of Wall Street | Saturday Edition E141 Jan 27, 2024

Rich joins Bethany LaFlam on her Bubbles with Bethany Mastermind, recorded in January 2024. Bethany is an Entrepreneur, Seasoned Deals Lawyer, Managing Partner of Premier Law Group, Mother, and Visionary. With more than 20 years of experience practicing law, Bethany has leveraged that expertise into her business life.
Rich and Bethany start off by discussing what Rich’s unique superpower is, Bethany’s experience becoming a lawyer, the benefits of getting into real estate, Rich’s Boutique Hotel Fund and how to join it, what wealth means to them, prioritizing health, Bethany’s boutique hotel in Belize, the most recent boutique hotel that Somers Capital has acquired, a new deal that Rich is currently looking at, and whether Rich’s Boutique Hotels are independent brands.
They then reflect on the benefits of masterminds, building communities, celebrating Beers & Deals, taking over underperforming properties, whether California is actually affordable for real estate, and Mikey Taylor.
Lastly, Rich and Bethany talk about Excelsior Stays, direct booking, Rich’s take on the Airbnb Crash, what a good operator looks like, the hold period for Boutique Hotels, current marketing trends, diversification, which locations are best for boutique hotels, InvestorGirlBritt, and then Bethany opens up a Q&A for her mastermind.
Connect with Bethany on Instagram: @bethany_laflam

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

We Both Cashed Out Our 401ks to Buy A 32-Unit Apartment Building | Shawn DiMartile E140 Jan 25, 2024

Rich brings on his old business partner, Shawn DiMartile - Real Estate Investor, Host of The Real Estate Takeoff Podcast, Co-Founder of Takeoff Capital, Author of California Gold, and US Navy Veteran. Before cashing out his 401k to get his start in real estate, Shawn worked as an Air Traffic Controller for 6 years and before that he was a Navy Controller. He now owns over 300 rental units, $50 million in real estate, and his podcast, The Real Estate Takeoff, has over 200,000 downloads.

Rich and Shawn start off by discussing a recent rain storm in San Diego, how they met each other and got into the real estate game, their first deal: a 32-unit property in Indianapolis, what Shawn and Mike Tighe (his business partner) are currently focused on, Bonus ADUs in San Diego, being bullish on San Diego and ADUs, current market trends, landlord tenant laws, investing in San Diego, the synergy Shawn and Rich still have, the top ten states with high income taxes, and property insurance.

They then reflect on cashing out their 401ks, Shawn’s new book “California Gold,” the stress of working as an Air Traffic Controller (ATC), the dangers of working graveyard shifts, the craziest stories they had as ATCs, Mike Tighe’s piloting skills, whether you can actually retire off of a 401k, the evergreen cashflow of real estate, the government profiting off of 401ks, and S&P Index Funds.
Lastly, Rich and Shawn talk about the trains of San Diego, what Shawn and Mike started focusing on after Rich left the partnership, a deep dive into Bonus ADUs, Takeoff Capital’s 10-unit Ocean Beach apartment complex, Takeofff Capital’s deal in Pacific Beach, appealable and non-appealable coastal zones, Rich’s new 3-Story ADU in Little Italy, underground parking for apartment complexes, third party property management, their 32-unit property in Indianapolis, listing vacancies on Craigslist and Facebook Marketplace, Tenants in Common, and then reflect on the last 5 years of success in real estate.

Connect with Shawn on Instagram: @shawn_dimartile

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The 6 Pillars Of Wealth | Adam Nelson & Braun Thueson E139 Jan 23, 2024

Rich sits down with Adam Nelson and Braun Thueson - Founders of Top1Percenter, a mentorship program that was created to inspire, influence, and help others to achieve life success, business success, and have success investing in real estate.

Rich, Adam, and Braun start off by discussing how Rich first met Adam, how Adam and Braun first got started in sales, traditional door-to-door sales, applying sales principals to all aspects of life, investing in real estate for long term wealth, cultivating a good foundation in real estate, buying real estate during The Great Recession, and the house hacking strategy.

They then reflect on the greatest key to success for Adam and Braun over the last two decades, how to offset taxable income, short term rentals in Oklahoma, what real estate is really about, real estate appreciation and principal pay down, what Top1Percenter is all about, the 6 most important pillars of life: money, craft, mind, body, people, and spirit, and the important of gratitude.
Lastly, they talk about the best techniques to elevate fitness, being intentional with morning routines, how to be intentional with all relationships, time blocking, what type of products Adam and Braun sell via Door-to-Door sales, the key to make $100 million in sales, inspiring leaders and finding the right people, sharing equity with employees, and moving the needle.

Connect with Adam on Instagram: @adamcnelly

Connect with Braun on Instagram: @braunthueson

Connect with Top1Percenter on TikTok: @top1percenter

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Make $250k/yr in Door-2-Door Sales | Saturday Edition E138 Jan 20, 2024

On today's "Saturday Edition" episode, Rich is joined by co-hosts Adam Nelson and Braun Thueson - Founders of Top1Percenter, a mentorship program that was created to inspire, influence, and help others to achieve life success, business success, and have success investing in real estate. They answer the top question of the week that was sent in by our listeners.

Rich, Adam, and Braun discuss how to be successful in door-2-door (d2d) sales. They analyze what the first step of d2d sales should be, what training looks like for d2d sales, identifying leaders, and immersing yourself into a business culture. They also discuss the importance of business, how to identify the right customer, if you should skip specific types of homes, and Adam shares his most uncomfortable experience with a d2d sale. Lastly, they speak on transitioning from a no to a yes, indecision in business, effective ways to break preoccupation, establishing trust and being organic, effectively closing a deal, and overcoming objection to price.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Adam on Instagram: @adamcnelly

Connect with Braun on Instagram: @braunthueson

Connect with Top1Percenter on TikTok: @top1percenter

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Scale a Turnkey Airbnb Business in 2024 | Elliott Caldwell E136 Jan 16, 2024

Rich sits down with Elliott Caldwell - Entrepreneur, Real Estate Investor, CEO, and Co-Founder of Home Team Vacation Rentals. On April 1st, 2022 Elliott sold his previous business. After a 2-3 month hiatus Elliott started a management company (Home Team) with Michael Elefante. In 16 months Home Team has become one of the fastest growing property management companies in the country with over 320 properties under management. Home Team has also launched Home Team Design and is soon launching their first fund through Home Team Capital to invest in luxury Airbnbs.
Rich and Elliott start off by discussing what Elliott does in the short term rental space, Elliott’s first company - a high school fundraising business, managing 300+ properties, providing value for Investors, Michael Elefante, the biggest challenge that Elliott’s company has faced, the challenges of accounting in-house, automated services and their benefits, the rundown of how Elliott’s company operates, and working with turnkey clients.
They then reflect on the over-saturation of Airbnb, performing in over-saturated markets, Rich’s luxury Airbnb in Scottsdale, the opportunity to buy rentals in San Diego, how markets will vary, when and why consumers will stay in short-term rentals versus hotels, the boutique hotel model, where Elliott sees his company heading in the next few months, starting real estate funds, and when to effectively utilize debt.
Lastly, Rich and Elliott talk about a new deal that Michael has in the works, the 20% rule, buying property management companies and what that looks like, the importance of the relationship between buyers and sellers, the retention rate of Elliot’s clients when they merged companies, what Elliot’s operations team looks like, dynamic pricing, scaling up companies, working with Somerled Designs, the current market trajectory, and the turnkey model.
Connect with Elliott on Instagram: @elliottcaldwell

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

2 Big LLC Changes in 2024 You Need To Know About | Saturday Edition E135 Jan 13, 2024

On today's "Saturday Edition" episode, Rich is joined by co-host Mauricio Rauld - Real Estate Syndication Attorney and Founder/CEO of Premier Law Group. Rich and Mauricio answer the top question of the week that was sent in by our listeners.
Rich and Mauricio discuss the two big LLC changes coming in 2024. They analyze the Corporate Transparency Act and what it means for LLC owners, speculate why the government will enact this decision. They also discuss the shift for Texas to becoming the fourth charging order protection state.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Mauricio on Instagram: @mauriciorauld

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Protect Yourself From Liability As A Real Estate Investor | Mauricio Rauld E134 Jan 11, 2024

Rich sits down with Mauricio Rauld - Real Estate Syndication Attorney and Founder/CEO of Premier Law Group. Known as one of the few lawyers that actually speaks English, Mauricio helps real estate syndicators, and those looking to tokenize their real estate offerings, stay out of jail by ensuring full compliance with Federal and State securities laws. Mauricio was recently featured on the cover of the Top 100 Magazine as a Top 100 Attorney and has previously been recognized as one of the top California attorneys under 40 by SuperLawyers magazine.

Mauricio acts as legal advisor to KenMcElroy.com (Rich Dad Advisor and owner of 10,000 Units) and represents real estate syndicators, like Robert Helms (host of TheReal Estate Guys™ Radio Show) and Brandon Turner (former host of the Bigger Pockets podcast).

Rich and Mauricio start off by discussing Mauricio’s plan for a new podcast, how Bethany LaFlam introduced Rich and Mauricio, how Bethany and Mauricio met, how to structure LLCs to prevent from liability, the definition of an LLC, non-charging states and how they vary, new LLC changes under the Corporate Transparency Act, the various filing companies to use, prime corporate services, major updates to asset protections and charging orders in 2024, and the benefits of having living trusts.

They then reflect on the differences between a will and a trust, the differences between a revocable and irrevocable trust, the issues with only having an insurance policy, an incident that happened at one of Rich’s properties, umbrella policies, being diligent when filling out paperwork and insurance claims, syndicating with multiple investors, paying other to raise money for you, raising money for boutique hotels, being a passive investor, accredited and non-accredited investors, pre-existing relationships according to the SEC, 506b and 506c exemptions, documenting every step of the way, if social media is considered advertising, the steps to switching between exemptions, advertising under 506c, syndicating for boutique hotels, and keeping an open fund.
Lastly, Rich and Mauricio talk about Grant Cardone, Reg A exemptions and how they work, debt funds, and potentially creating a boutique hotel mastermind event with InvestorGirlBritt.

Connect with Mauricio on Instagram: @mauriciorauld

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Are We Waiting? | Rick English E133 Jan 09, 2024

Rich sits down with Rick English - CEO, CFO, COO, VP of Operations, and now the founder of UP Advisors. After 22 years of experience as a business manager, Rick founded UP Advisors, a Business Consulting and Coaching program. Through his coaching, Rick works with entrepreneurs and companies who are burned out and need fresh insights.
Rich and Rick start off by discussing Rick’s trip to California, Rich’s upbringing as an entrepreneur, how Rich and Rick got connected, the EOS program, the types of clients that Rick works with, working with other who are accountable, the typical issues that clients will have, generating profit and the importance of time, the mom and pop mentality, and Dan Martell’s 1-3-1 method.
They then reflect on the tools and tips to effectively grow a business, the effective use of AI, clarity of goals, tools of accountability, effectively creating budgets, shifting roles in small business and the #1 skillset of successful entrepreneurs.
Connect with Rick via email: renglish@myupadvisors.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Business Owners Value Their Time | Saturday Edition E132 Jan 06, 2024

On today's "Saturday Edition" episode, Rich is joined by co-host Rick English who, after 22 years of experience as a CEO, CFO, COO, and VP of Operations, founded UP Advisors, Business Consulting and Coaching. Rich and Rick answer the top question of the week that was sent in by our listeners.

Rich and Rick discuss how Rick’s clients can effectively calculate the value of their time, targeting the right audiences, premium services deserving premium prices. They then analyze price changing strategies, the client qualifying process, and the impact of effective time management.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Rick via email: renglish@myupadvisors.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Buy Your First Boutique Hotel in 2024 Jan 04, 2024

We’re back in the studio for 2024!
On today's episode, Rich highlights his holiday break. He then offers his advice on why you should buy boutique hotels, the steps to take in order to buy boutique hotels, and what it takes to operate a boutique hotel. Rich then provides examples of several successful boutique hotels he’s bought and how Somers Capital got into the boutique hotel space.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Confronting Grant Cardone about Running For President | E130 Grant Cardone Jan 02, 2024

Happy New Year! On today's episode, Rich reveals the #1 spot for the most downloaded episodes of 2023: Grant Cardone (This episode is a re-run. Original airdate was on May 25th, 2023)
Grant Cardone is the CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion.
We’ll be back with our regular content on January 4th, 2024!
Connect with Grant on Instagram: @GrantCardone
If you have a question you'd like answered, please email info@somerscapital.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Utilizing Creative Finance to Build a $300M Portfolio | Pace Morby E129 Dec 30, 2023

Happy Holidays! On today's episode, Rich reveals the #2 spot for the most downloaded episodes of the year: Pace Morby (This episode is a re-run. Original airdate was on April 27th, 2023)
Pace Morby is a creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets.
Check in on Tuesday (1/2) to see who’s the #1 spot!
Connect with Pace on Instagram: @PaceMorby

If you have a question you'd like answered, please email info@somerscapital.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The King of Debt Reveals How to Successfully Build Your Credit Portfolio | Jack McColl E128 Dec 28, 2023

Happy Holidays! On today's episode, Rich reveals the #3 spot for the most downloaded episodes of the year: Jack McColl. (This episode is a re-run. Original airdate was on July 25th, 2023)
Jack, the founder of Credit Stacking, scaled from zero business credit to $500k in approved credit in just over 1 year, which he’s used to fund a variety of new businesses and investments. He now teaches his unique framework to over 2,000 entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital so they can start a business, scale a business, or finance any type of investment. He shows others how to optimize their credit profile and make themselves look attractive to lenders without showing any financials, including tax returns, bank statements, or verified income.
Check in on Saturday (12/30) to see who’s the #2 spot!
Connect with Jack on Instagram: @KingofDebt

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

You Deserve to Have It All | Kris Krohn E127 Dec 26, 2023

Happy Holidays! On today's episode, Rich reveals the #4 spot for the most downloaded episodes of the year: Kris Krohn. (This episode is a re-run. Original airdate was on October 17, 2023)
Kris is a Best Selling Author, Business Coach, Real Estate Investor, and Mentor. He is an expert wealth coach with 5,000 real estate deals, numerous businesses, and growing influence.
Check in on Thursday (12/28) to see who’s the #3 spot!
Connect with Kris on Instagram: @kriskrohn

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Progress & Challenges of 2023 and What’s To Come In 2024 | Saturday Edition 126 Dec 23, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Jennifer reflect on the last year of progress at Somers Capital and what’s to come in 2024. They then analyze what makes for launching a successful boutique hotel, being hospitable, automated management, and the biggest challenges of working in the boutique hotel space.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What it Takes to Win in Every Level of Life | Ryan Pineda E125 Dec 21, 2023

On today's episode, Rich reveals the #5 spot for the most downloaded episodes of the year: Ryan Pineda. (This episode is a re-run. Original airdate was on August 29, 2023)
Ryan is a serial entrepreneur and the CEO of seven different 7-8 figure businesses. In addition to that he owns 500+ rental properties, has received 500M+ views on social media, and is a retired pro baseball player. He also hosts The Wealthy Way Podcast, where he interviews top experts in business, health, faith, and relationships while sharing his own experiences.
Check in on Tuesday (12/26) to see who’s the #4 spot!
Connect with Ryan on Instagram: @ryanpineda
If you have a question you'd like answered, please email info@somerscapital.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How This Co-Founder Grew ClickUp To Be a $4 Billion Company | Chris Cunningham E124 Dec 19, 2023

Rich sits down with Chris Cunningham - Entrepreneur, Business Executive, and Head of Social Marketing of Clickup, a productivity and project management software company he was on the founding team of in 2017. Before founding ClickUp, Cunningham worked as a sales manager at Cvent. He was there as the company went public. Once he reached his ceiling there, he moved on to run FastFollowerz with Zeb Evans. Chris went on to do over 50 million in sales there.

He continued on with Zeb to help start ClickUp, a platform that simplifies and streamlines project management for businesses and individuals. He was the companies first sales rep, closing the first big deals in company history from Home Depot, Randstad, and many more.

Under Cunningham’s leadership, ClickUp has grown rapidly, attracting over 200,000 users within its first year and expanding to over one million users within its second year. ClickUp has been recognized as a top productivity app by numerous publications and has received funding from notable investors including Craft, Tiger, and AZ16. ClickUp has raised upwards of $400 Million in investor capital and a $4 billion valuation.

Rich and Chris start off by discussing an overview of ClickUp, different ClickUp competitors, how ClickUp got it’s start, ClickUp’s first big deals, ClickUp’s biggest challenges, comparative price points, and breakthrough moments.

They then reflect on building companies, Home Depot and Randstad, faking it ’til you make it, advertising in San Diego, being a household name, how it get’s easier with every deal, and being a $1 Billion company.

Lastly, Rich and Chris talk about the return profile of tech companies, selling companies or going public, where to raise capital, Brad Rice, the types of investors that Chris and ClickUp finds, the next steps for ClickUp, the advantages of project management, comparing CRMs, the Padres and the MLB, and living in South America.

Connect with Chris on Instagram: @cunningham

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Adding Value to Real Estate Without "Renovation" | Saturday Edition 123 Dec 16, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.

Rich and Alex reflect on closing the most recent Somers Capital deal up in Lake Chelan, WA and also take a look back at the last year of progress. They then analyze how to create value for real estate properties of all types and Rich shares a few stories about how he’s effectively added value to his own properties.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He's Flipped Over 2,400 Homes & Shares His Biggest Lessons Learned | Justin Colby E122 Dec 14, 2023

Rich sits down with Justin Colby - Real Estate Investor, Entrepreneur, Educator, and Coach. During his 15+ year career as a real estate investor, Justin has flipped over 2400 homes, done wholesaling, and is now getting into the real estate space. He typically buys between 2-5 houses a week.

Rich and Justin start off by discussing what Justin currently owns, how’d Justin got his start in house flipping, how Justin runs his team, when to flip or wholesale a home, the BRRRR method, refinancing, the current interest rate market compared to the last 50 years, and creating value.

They then reflect on where Justin is currently buying properties, the appreciating market in Florida, when and why someone should exit a deal, the problem with depreciation, Investor Girl Britt, Justin’s newest podcast “Entrepreneur DNA,” Dave Grutman and Brian Malarkey, the worst deal Justin’s ever made, taking risks, the differences between a $200,000 home and $1.1 million home, the magic zip code in Scottsdale, and making mistakes and learning from them.

Lastly, Rich and Justin talk about the adrenaline rush built by buying real estate, Justin’s purpose in real estate, happiness stemming from growth and progress, being lonely on the top of a mountain, what Justin’s best deal has been, how to handle lawsuits, and what’s next for Justin.

Connect with Justin on Instagram: @thejustincolby

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Difference Between Doers and Dreamers | Justin Brennan E121 Dec 12, 2023

Rich sits down with the Justin Brennan - General Contractor, Real Estate Broker, and CEO of The Brennan Pohle Group. Through this group, Justin is focused in the acquisition and development of apartments throughout the United States. With over 500+ units and $110M in assets under ownership, Justin and the team are growing towards 10,000+ units and $4B in assets in the next several years.

Rich and Justin start off by discussing surfing and skating, kitesurfing, the differences between mobile home parks and multi-family properties, Warren Buffett, the types of properties Justin owns, Walmart, the most optimal states to buy in, Dave Lindahl, and Justin’s first and biggest multi-family deals.

They then reflect on upscaling business, current interest rates in the market, re-financing, Grant Cardone, what it takes to get a deal to the finish line, successful operating techniques, managing managers, Justin’s current opportunity fund, and stacking new equity.

Lastly, Rich and Justin talk about rising cap rates, Justin’s market forecast, Tyler Deveraux, Rich’s morning and daily routines, habit stacking, putting out fires as an entrepreneur, pushing themselves out of their comfort zones, the difference between doers and dreamers, risk tolerance, Rich’s biggest fear, and the decrease in life expectancy of men.

Connect with Justin on Instagram: @justin.c.brennan

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Much Will the Fed Cut Rates in 2024? | Saturday Edition 120 Dec 09, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.

Rich and Alex celebrate this week’s soft launch of Hotel Zindel, a San Diego-based boutique hotel. They then analyze the reports that the Feds will have several rate cuts in 2024 and Rich offers his own predictions of where the interest rates will be by December 2024.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What You Need To Know About Developing Self Storage Facilities | Marc Kuhn E119 Dec 07, 2023

Rich sits down with the Marc Kuhn - Real Estate Investor, Developer, Contractor. Marc started his construction career with his father in 1994. In 2010 he left his hourly job with $2,500 in his account and started MAK Construction, which has now grown to over $25 million a year. MAK Construction develops commercial projects both 3rd party and investment projects for their investors and since 2018 has added over 200 units in the Midwest.

Rich and Marc start off by discussing the frigid winters in North Dakota, the benefits of self storage investing, automation and delinquencies in self storage, the biggest risks in self storage, rent control, living in self storage units, and the barriers to developing in self storage.
They then reflect on seller financing in self storage, mom and pop self storage businesses, rent growth and cap rates, optimal cities to develop in, the current market, the cashflow in boutique hotels, the ten year strategy, and whether Marc recommends getting into the industry.

Lastly, Rich and Marc talk about the differences the between 2023 and the 2008 financial crisis, being risk adverse, education in the self storage space, the development process of self storage, the metrics that Marc looks for in a deal, multi-family housing, how Marc got into self storage, concrete finishing, Grant Cardone, and what it takes to continue expanding in luxury storage.

Connect with Marc on Instagram: @marc.kuhn.mak

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Using Debt To Buy Real Estate | Todd Stichler & Paul Cortez E118 Dec 05, 2023

Rich sits down with the Founders of Lendspark, Todd Stichler and Paul Cortez. Lendspark is a national licensed direct lender founded for the sole purpose of supporting the growth capital needs of small, middle market & public companies. Lendspark, founded in 2012, has arranged over $500 million to hundreds of businesses in a wide variety of industries, including Real Estate, Jet Rentals, and Pharmacy Automation.

Rich, Todd, and Paul start off by discussing what Lendspark does in the lending space today, the high interest environment and how it’s affected the lending space, what Lendspark is looking for in clients, what funding and structuring funding deals looks like for the company, warehouse facilities, and how many funds investors are typically involved in.
They then reflect on debt service payments, Rich shares some info about a new property he’s picking up, what it’s like to take back properties, taking collateral from clients, how Paul and Todd got into the lending space, what Paul’s role as the VP of Real Estate looks like at Lendspark, the team structure of a lending company, the average deal size and largest deals for Lendspark, and how buyers qualify for lending.

Lastly, Rich, Todd, and Paul talk what successful buyers look like, real estate investing and lending, raising capital, Lendspark’s minimum fund qualifications, being forthcoming about good and bad deals with investors, creating content for social media, the Wall Street Casino, alternative assets and investments, the interest rate environment, and what Todd and Paul forecast the market looks like in the next two years.

Connect with Lendspark on Instagram: @lendspark

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Just Take Step 1 | Saturday Edition E117 Dec 02, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.

Rich and Alex reflect on the last few weeks of the year and their holiday plans. They then analyze the mindset of taking one step and offer several ways to get the momentum back in making deals.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Real Estate is the Best Hedge Against Inflation | “Investor Girl Britt” Brittany Arnason E116 Nov 30, 2023

Rich sits down with Brittany Arnason - commercial real estate investor, real estate educator, and social media icon. Brittany, better known online as InvestorGirlBritt, has been part of over $80M in real estate transactions, including single family homes, new construction, short term rentals, apartment buildings, boutique hotels, and self-storage facilities.
Rich and Britt start off by discussing the meetup they hosted in Miami during the Thanksgiving break, how Britt got to where she is today, Britt’s Boutique Hotel in Belize, how Britt got into self-storage and her role in it today, the benefits of partnering, recent incidents that happened on Rich’s and Britt’s properties, being okay with working with the unknown, and what Britt and Rich’s goals were when they started being in real estate.
They then reflect on growing as an entrepreneur, creating content and credibility, the benefits of social media content and building trust, upgrading to multi-family complexes, and breaking out of your comfort zone and taking risks.
Lastly, Rich and Britt talk about Britt’s Boutique Hotel in Belize, promoting financial freedom, how Britt learned to renovate homes, Canadian real estate, utilizing a macro-perspective, masterminds and getting to know others in the real estate space, when to hire new employees, the scarcity vs abundance mindset, the benefits of investing in real estate, who inspires Britt as an entrepreneur, what a fitness journey looks like, the life expectancy of men, 5-year-goals, Van life, flying first class, valuing time as a high income earner, branding as an entrepreneur, and what Britt’s plans are for the holiday break.
Connect with Britt on Instagram: @investorgirlbritt

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Should You Get Your Real Estate License as an Investor? | Seth Struiksma E115 Nov 28, 2023

Rich sits down with Seth Struiksma - real estate agent, realtor, developer, DJ, and investor. Seth has sold more than $100 Million in real estate sales and, in 2021, formed the San Diego-based real estate company, “The One Group.”
Rich and Seth start off by discussing how Seth got into the real estate space, why Seth created The One Group, what’s in store for Seth moving forward, opportunity zones, what makes Seth’s team successful, how to inspire others, the high interest environment, and how the market is affecting real estate agents today.
They then reflect on the benefits and opportunities to buying in San Diego, Seth’s current deals, the benefits of ADUs, why real estate agents don’t invest in real estate, and marrying for bonus depreciation.
Lastly, Rich and Seth talk about the new 5% down Fannie Mae loan, the benefits of hard money loans, the international interest rate environment, building communities, and what Seth recommends doing when starting out in the industry.
Connect with Seth on Instagram: @seth_struiksma

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Everyone Has a Different RE Strategy, Who Can You Trust? | Saturday Edition E114 Nov 25, 2023

Everyone Has a Different RE Strategy, Who Can You Trust? | Saturday Edition E114On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex reflect on the thanksgiving break and everything happening with Somers Capital this last week. They then analyze an Instagram post made by Richard Garcia that states every entrepreneur has their own opinions and personal strategy and share their own thoughts.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Take Advantage of Buying Businesses in 2024 | Dan Martell E113 Nov 23, 2023

Rich sits down with Dan Martell - a WSJ best-selling author, serial entrepreneur, investor, and growth coach. Dan is the mastermind behind several successful companies, such as Clarity.fm, and Flowtown. He is also an angel investor with a diverse portfolio that includes companies like Intercom, Udemy, and Unbounce.
Rich and Dan start off by discussing how they got connected, Dan’s jet and how to hire a pilot, the lack of tax benefits in Canada, connecting with Kent Clothier, Dan’s background and how he got into making content, where Dan sees the most opportunity for every day individuals, looking at trends in the market, the value of sales as a skillset, and the feedback loop.
They also reflect on public speaking and an author’s expertise, Joe Rogan and being passionate about what we are interested in, the highest gross margins in the tech industry, Grant Cardone and 10x Ventures, the ability to produce returns in capital, the benefits of reputation and being on social media, and Alex Hormozi and Warren Buffett.
Lastly, Rich and Dan talk about the skillset required of being a business owner, the value add components of buying companies, willingness to pay and changing pricing, what customers value, the due diligence period, the Winklevoss twins, the benefits of taking a company public, the success of Amazon as a company, Mr. Beast, the value of writing a book, and what makes an entrepreneur successful.
Connect with Dan on Instagram: @danmartell

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Develops Luxury Apartments in New York City | Richard Zavlyanov E112 Nov 21, 2023

Rich sits down with Richard Zavlyanov - a Real Estate Developer, Investor, and Head of Development at Diamond Dev Group. Richard has a degree in business administration from Queens borough community college and continuing education of Real Estate Development from Baruch college. He’s worked closely with developers such as Bizzi & Partners Development, Extell development, Aronov development and lastly AFI USA.
Rich and Richard start off by discussing how they met Terry Harris, what Richard currently does in the multi-family and condo spaces in NYC, the permitting processes in New York and California, Affordability housing in New York, multi-family cap-rates, the current rate environment, and hyper-depreciation.
They also reflect on the current pricing of condos, Richard’s current exit strategies, tax abatements and refinancing, rent control, the 421a tax abatement, tax freezes, and builder incentives in New York.
Lastly, Rich and Richard talk about the biggest real estate challenges Richard is currently facing, where Richard is sourcing his investor capital, the importance of reputation, the best deals Richard has ever done, forcing appreciation, how to get into real estate, the price-per-unit payout for Richard’s buildout, and what Richard would recommend doing when getting into real estate.
Connect with Richard on Instagram: @richiezav

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

A Tax Savings Strategy That Can Help You for 2023 | Saturday Edition E111 Nov 18, 2023

On today's "Saturday Edition" episode, Rich is joined by co-host Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber, to answer the top question of the week that was sent in by our listeners.
Rich and Karlton reflect on how to save on income taxes this year and fully analyze what cost segregation studies actually are. They also discuss the 14 day rule, the 7-7-1 strategy, grouping elections, the personal use test, and how to utilize ADUs.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Karlton on Instagram: @karltondennis

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Tax Strategies Exposed & How The Rich Legally Pay $0 Taxes | Karlton Dennis E110 Nov 16, 2023

Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”

Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers.
They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.

Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars.

Connect with Karlton on Instagram: @karltondennis

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Greatest Transfer of Wealth in American History is Going Down | (Hosted by Gideon Spencer) E109 Nov 13, 2023

Today, join Rich as he guests on The Hunt For Incredible Podcast hosted by Gideon Spencer, where they discuss how Rich got into the real estate investing space, why the 401k is a flawed system, the difference between small and big deals, masterminds, building podcasts, and Rich’s market forecast.
They also analyze the biggest transfer of wealth in US history, boutique hotels, how Rich effectively builds his teams, the benefits of creating content for social media, creating authentic connections through podcasting, falling in love with creating content, effective time management, being direct with others, and surrounding yourself with others of value.
Connect with Gideon on Instagram: @gideonspencer_

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Becoming a Millionaire Through Real Estate Just Got Much Easier | Saturday Edition E108 Nov 11, 2023

On today's "Saturday Edition" episode, Rich is joined by co-host Gideon Spencer - Entrepreneur, Host of "The Hunt for Incredible" podcast, and Boutique Hotel Investor, to answer the top question of the week that was sent in by our listeners.

Rich and Gideon reflect on the recently announced 5% down Fannie Mae payment option for multi-family homes and the opportunities it creates. They also discuss different options to raise the capital for these opportunities and the logistics to qualify for this loan.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!
Connect with Gideon on Instagram: @gideonspencer_

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How This Former Drug Dealer Opened Multiple Successful Restaurant Brands | Ivan Flores E107 Nov 09, 2023

Rich sits down with Ivan Flores - Restaurant Entrepreneur, Podcast Host, and CEO & Founder of Encinal Brands, home to several Mexican franchise restaurants including The Buffalo Spot, Blue Burro, and Taco Masa. Ivan grew up in Tijuana, Mexico and in 2013, he opened his first restaurant in Long Beach, California. Encinal Brands now has more than 50 restaurants across the United States and is on track to open 150 more in the next 5 years.
Rich and Ivan start off by analyzing what the drug dealing and smuggling space looked like during Ivan’s childhood in Tijuana. Rich and Ivan then discuss how Ivan got into the restaurant industry, the adrenaline working in a restaurant induces, Ivan’s key to successfully starting a restaurant, how to delight guests during their experience, following the In-N-Out model, soft launching restaurants and businesses, the success that social media creates, how important location is to opening a restaurant, Limited Time Offers (LTOs), the most profitable food at a restaurant, and the timeline to accessing a liquor license.
They also reflect on the restaurant franchise model, ensuring franchisees reach success, how the Chick-fil-a model of franchising works, the cost of opening a new location, the typical gross revenue for a restaurant, what could go wrong with the franchise model, the biggest marketing lever for restaurants, how uber eats can be a marketing tool, and the minimum wage in California.
Lastly, Rich and Ivan talk about consumer being less price sensitive towards food, the current market slowdowns in the restaurant industry, why Ivan and Rich invest their time in social media, the value of mentorship in the real estate and restaurant industry, the type of person that should open a restaurant, and what Ivan recommends doing in order to start a franchise.
Connect with Ivan on Instagram: @mr.ivanflores

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

“The World is Full of Over-Educated Broke People” | Kent Clothier E106 Nov 07, 2023

Rich sits down with Kent Clothier - nationally recognized entrepreneur, real estate investing expert, performance coach, and speaker. He got his start in business at 17, helping to create a grocery arbitrage company, ultimately building the company to $1.8 Billion in annual sales by the age of 30.
The Clothier family run real estate investment company has flipped more than 8,000 single family homes and the company currently manages a portfolio of over 7,500 single family homes in 11 markets. Kent and his partners are actively involved in managing a portfolio of multiple real estate funds with a variety of real estate assets, including Self Storage, Multi-Family, and Hospitality assets. Kent is also the CEO and Founder of Real Estate Worldwide and The Boardroom Mastermind, multifaceted organizations focused on software, training, and executive coaching, based in La Jolla, California.
Rich and Kent discuss the current US interest rates, the commercial assets that Kent is currently focused on, the self-storage and multi-family models, what makes for a good deal, the residential development on the Pendry in Palm Springs, and why Kent does not buy invest in real estate properties in California. They also reflect on living in San Diego, investing out-of-state, why investors should rent their primary residence, and the best way for someone to become an entrepreneur with no experience.
Lastly, Rich and Kent talk about how to elevate from the Hustler mentality to CEO mentality, setting 3-to-5 year plans, living life with intention, hiring the right person, how Kent’s first company built to $1.8 Billion, Kent’s shift to flipping houses, taking the time to live life in the moment, generating opportunities, monetizing leads, and direct response marketing.
Connect with Kent on Instagram: @KentClothier1

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Follow These 2 Rules When Buying Real Estate in Today’s Market | Saturday Edition E105 Nov 04, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex reflect on connecting with several private investors this week, and discuss next week’s Beers & Deals event. They also analyze the real estate market in the last 3 years, and Rich shares his two rules for what he needs before buying real estate with today’s high interest rate environment.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Owns 28,000 Apartment Units and $10.8 Billion of Real Estate | Jeff Gleiberman E104 Nov 02, 2023

Rich sits down with Jeff Gleiberman - President of MG Properties. He is responsible for overseeing investment transactions, operational strategies, and partner relations. During Jeff’s tenure, MG Properties has flourished into an NMHC Top 50 Apartment owner with over 28,000 units, 880 Employees, and $10.8 Billion in Real Estate.
Rich and Jeff discuss what kinds of markets MG Properties is in, the variance of multi-family markets across the US, the tax advantages of real estate investing, 5 and 10-year-holds, the current rate environment and the Chatham forward curve, variable vs. fixed rate debt, the cap rates of the 2010s, A-Class vs. B and C-Class Properties, and the exit plans and buyer pools for MG Properties.
They also reflect on the current trajectory of fixed rate debt buyers, which buyers are currently in the market and why, what Jeff’s smallest property is, Jeff’s market projections, coastal and desert markets, the biggest deal MG Properties has made, the San Diego market, the single mistake MG Properties has made, how to effectively increase cashflow, and current construction costs.
Lastly, Rich and Jeff talk about the amount of demand in the multi-family market since the ‘90s, how renters have become more financially savvy, cultivating bonds with investors, the importance of property management, the necessity of on-site managers for multi-family properties in California, value-add projects for newly purchased properties, the importance of online reviews, rent increases, 1031 exchanges, and what advice Jeff would give to his 25-year-old self.
Connect with Jeff: jgleiberman@mgproperties.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Starred in Multiple Seasons of Bravo’s Top Chef & Successfully Opened 30+ Restaurants | Brian Malarkey E103 Oct 31, 2023

Rich sits down with Brian Malarkey - a chef, restaurateur, cooking instructor, and creator of 15 separate restaurants across the United States. In 2012 he sold majority stake of his first restaurant group (Searsucker and Herringbone) to global Hakkasan Group for $25 million. He’s opened 10 different concepts in 5 years, including the nationally acclaimed Herb & Wood and Animae. Brian has appeared as a regular judge for shows like Food Network’s Guy’s Grocery Games, Tournament of Champions, and ABC’s The Taste. He was also a contestant on Top Chef (Season 3) and Top Chef All-Stars (Season 17).
Rich and Brian discuss how they first met, how Brian got his start as a chef, how Brian met Tony Hawk, the restaurant scene in San Diego, Richard Blais, the difficulty of mastering the restaurant experience, investing in the restaurant industry, and Brian’s newest restaurant Le Coq.
They also reflect on Brian’s San Diego based restaurants, high profit margins for restaurants, preserving the restaurant experience, building relationships with customers, Brian’s experience during COVID, and his recent release of Chef’s Life Oil to completely replace extra virgin olive oil.
Lastly, Rich and Brian talk about social media, the profit game of the cooking oil industry, introducing new products to restaurants, whether location matters to opening a restaurant, and whether or not guests are price sensitive at restaurants.
Connect with Brian on Instagram: @brianmalarkey

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Benefits of Podcasting & How to Start Your Own | Saturday Edition E102 Oct 28, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex analyze the benefits of podcasting, Rich shares his experience starting two different podcasts and what he’s learned from them, and Alex reveals some behind-the-scenes info about the podcast.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What to Know Before Buying Retail & Office Buildings in the Midwest | Daniel Kong E101 Oct 26, 2023

Rich sits down with Daniel Kong - a real estate investor flipping houses out in Hawaii. He was able to retire from his W2 after just 3 years using the BRRRR strategy. By acquiring rentals with no money out of pocket, he was able to replace his salary as a software engineer with passive income. Now he is a full-time investor - Flipping, running AirBnBs, and buying commercial properties in the Midwest.
Rich and Daniel discuss the next Beers & Deals real estate meetup host by Somers Capital, their favorite experiences on the Hawaii islands, fix-and-flipping, using the BRRRR strategy on the retail and office spaces, and how to breakdown the cost per space for commercial real estate.
They also reflect on what lending looks like for these types of properties, where and when to buy commercial buildings, investing in passion projects with close friends, cap rates and regulations in the current market, Airbnb restrictions and house flipping in Hawaii, the pros and cons of buying short term rentals in blue states, boutique hotels, and how the current lending environment is affecting commercial properties.
Lastly, Rich and Daniel talk about the biggest risks in buying commercial properties, competing with Amazon, purchasing recession-proof assets and where Daniel sees the most potential in the next few years.
Connect with Daniel on Instagram: @danielkong808

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How To Be A Higher Value Partner in Dating & Relationships | Michael Sartain E100 Oct 24, 2023

Rich sits down with Michael Sartain - Performance Coach, Air Force Navigator and Instructor, and Host. In 2019, Michael created Men of Action, a program that dedicates its time to teaching men how to increase their status, build an abundant lifestyle, find elite friends, and attend VIP events in under 25 days. Men of Action has had 400+ success stories. Michael is also the host of the Michael Sartain Show podcast.
Rich and Michael discuss meeting Miss Nevada - Lisa Song Sutton, how Michael’s nightclub promoter experience developed early on, traditional VIP experiences at night clubs, evolutionary psychology, how money is an allegory for survival and competency, new age feminism, and what women look for in viable partners.
They also reflect on what the Men of Action course teaches, what men look for in viable partners, who should pick up the bill on a date, how money creates the reality that you want, and how to introduce yourself to others at bars.
Lastly, Rich and Michael talk about “dad bods” and comfort cues, the two attractive attributes that a majority of women like in men, 3 recommendations for men to become more attractive, and how fame relates to the dating lifestyle.
Connect with Michael on Instagram: @michaelsartain

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Are Relationships or Strategy More Important in Real Estate Investing? | Saturday Edition E99 Oct 21, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex analyze how much of real estate investing is based on who you know vs what you know, and Rich shares an anecdote about a new opportunity in the Pacific Northwest.
If you have a question you'd like answered, please email infoSomerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Apartment Rockstar Shares His Market Forecast & Biggest Mistake Made Across 4,500 Units | Robert Martinez E98 Oct 19, 2023

Rich sits down with Robert Martinez - Founding Principal and CEO of Rockstar Capital. Robert has directed the growth of Rockstar Capital to 21 apartment communities, a total of 4,800 rental units across the state of Texas. Since 2011, he has directed the underwriting, acquisition, and management of 30 apartment communities consisting of more than 5,243 rental units. In 2023, third party company, MF1, filed to foreclose on a Rockstar Houston property, defaulting on a $51 million multi-family loan.
Rich and Robert discuss the fallout of the current high interest rate environment, the foreclosure on Rockstar’s $51 million loan, rate caps in Texas, potential ways to save deals from falling under, and all of the risks of using third party management companies for a property.
They also reflect on the attractive nature of Airbnbs, updating investors when the rug is pulled out from a deal, in-house recruiters and transitioning teams to maximize turnover, setting standards for new employees, and putting a spotlight on weak KPIs.

Lastly, Rich and Robert talk about all-things operations, rent growth, occupancy and supply in Texas, how Robert got his start in real estate, raising equity while working a full-time job, the 2008 Recession, Robert’s best deal he’s ever done, what it take’s to be successful, floating vs fixed rate debt, where Robert predicts interest rates will be by 2025, and what types of properties Rich is most excited about in the next 12 months.
Connect with Robert on Instagram: @apartmentrockstar

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

90% of Millionaires Are Created From Real Estate, 100% of Billionaires Are Created From Private Equity | Kris Krohn E97 Oct 17, 2023

Rich sits down with Kris Krohn - a Best Selling Author, Business Coach, Real Estate Investor, and Mentor. Kris is an expert wealth coach with 5,000 real estate deals, numerous businesses, and growing influence.
Rich and Kris discuss Kris’s beginnings, his financial influences & first financial failure, Kris’s first real estate deal at 23, and his current asset portfolio. They also reflect on automation in business, Kris’s investments in real estate and private equity, and why Millennials and Gen Z want to create experiences. They dive into how Kris optimizes his health and time, delegating out tasks to the best experts, views on the public school system and “world” schooling - private education without a private school, and whether entrepreneurs should go to college.
Lastly, Rich and Kris talk about Kris’s recent trip with his family to the Galapagos island, the tax benefits of owning jets, how Kris’s "why" has transformed over the last 5 years, the motivation to redistribute wealth on their own terms, what a successful team looks like, batching social media content, and what’s next for Kris Krohn.
Connect with Kris on Instagram: @kriskrohn

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Should You Start Your Own Meetup? | Saturday Edition E96 Oct 14, 2023

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.
Rich and Alex discuss the benefits of starting a real estate networking event, if it’s worth it and how to get started. They also discuss how Somers Capital’s own meetup, Beers & Deals, began and how it’s evolved over the last 5 years.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s a Musician & Song Writer Who’s Found a Passion in the Airbnb Space | Gabe Kubanda E95 Oct 12, 2023

Rich sits down with Gabe Kubanda - an alt-pop artist, singer/songwriter, co-creator of the Epic Proportions Tour, playing well over 750 shows on multiple continents, founder of the Non Profit “EduMusication” program promoting music education in schools, and Kubanda Properties, amassing vacation homes and rental cars in niche markets.

Rich and Gabe discuss the intricacies of hosting vehicles on Turo, a car sharing marketplace, how Gabe got his start in the music industry and created with a group of fellow bands, and just how profitable being a musician actually is.
They also reflect on being on the road, record labels, the collaborative experience of songwriting, being a content creator, Airbnbs, COVID, and the differences between arbitraging and cohosting.
Lastly, Rich and Gabe talk about what a successful team looks like, the best automated services for rental properties, and what Gabe is looking forward to in the real estate space moving forward.
Connect with Gabe on Instagram: @gabekubanda

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s a Luxury Developer Who’s Transacted Over $600M of Real Estate | Nick Marietta E94 Oct 10, 2023

Rich sits down with Nick Marietta - a Real Estate Investor, Luxury Builder, and Fix & Flip Expert. He’s got over $600,000,000 in Construction & Real Estate transactions.
Rich and Nick discuss Nick’s connection to the Coach and Best Selling Author, Wes Watson, how Nick got his start as a Luxury Fix-and-Flipper, the extent of his wholesale deals across the country, and where Nick sees the most success in the market right now.
They also reflect on what it takes to flip a luxury home, “blue hair” modeling and staging homes, and Nick shares an anecdote about a recent car accident and how he’s overcome the challenges of it’s impact.
Lastly, Rich and Nick talk about health & wellness and how it pertains to self development and inner peace, Rich reveals a trip that he’ll be taking soon to visit Kris Krohn and Robert Martinez, the benefits of masterclasses and education programs, and Nick quizzes Rich about his own portfolio and real estate journey.
Connect with Nick on Instagram: @therealnickmarietta

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Two Major Real Estate Opportunities Nobody is Talking About | Saturday Edition E93 Oct 07, 2023

On today's "Saturday Edition" episode, Rich answers top questions of the week that are sent in by our listeners.

Rich, Alex, and Jennifer discuss the biggest opportunities in the boutique hotel investing space right now, relaunching boutique hotels after closing, and the experience required in order to buy boutique hotels.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What You Need to Know About Boutique Hotel Investing | (Hosted by Ryan Pineda) E92 Oct 05, 2023

Today, join Rich as he guests on The Wealthy Way Podcast hosted by Ryan Pineda where they discuss marketing strategies, the pros and cons of listing hotels on Airbnb, the rise of shared experiences at restaurants, the Liver King, the importance of surrounding oneself with like-minded individuals, health and fitness, and celebrity golf tournaments. Rich also shares his expertise on boutique hotels and podcasting.
Connect with Ryan on Instagram: @ryanpineda

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Replacing Your 9-5 Income w/ Short-Term Rentals & Should You Cash Out Your 401K? | Michael Elefante E91 Oct 03, 2023

Rich sits down with Michael Elefante - a real estate investor, entrepreneur and social media influencer. Michael is the founder of BNB Investor Academy, a coaching program that has helped over 1,200 people find, invest in, design and manage short term rentals successfully.
Michael became financially free at age 27, just one year after making his first investment into real estate. Within three years, he and his wife, Jill, have accumulated seven short term rental properties that bring in over $1M per year in rental income. He's found his true passion in helping others achieve financial freedom through short term rental investments.
Rich and Michael discuss Michael’s recent trips across the world with his family, his recounting of cashing out his 401K, buying his first short term rental, and risky investments. They also reflect on incremental progress, real estate investing as a side venture, using a short-term rental as a second home, growing management businesses, Michael’s connection to Somerled Designs, how to maximize investments when starting out, the current rate environment, and unique selling propositions.
Lastly, Rich and Michael talk about ownership changes, seller finance companies, creating content for social media, abundance mindsets, and what Michael is most excited about right now.
Connect with Michael on Instagram: @melefante6

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Should You Buy For Cash Flow or Appreciation & Biggest Challenges of Buying Hotels | Saturday Edition E90 Sep 30, 2023

On today's "Saturday Edition" episode, Rich answers top questions of the week that are sent in by our listeners.
Rich and Alex discuss why real estate investing isn’t taught in schools, high cashflow vs high growth markets, and current trends in the Airbnb and Boutique Hotels spaces.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Investing in Affordable Housing & Is the Middle Class Mindset “Intentional”? | Karl Gorman E89 Sep 28, 2023

Rich sits down with Karl Gorman — the founder and CEO of GLH LLC; Managing Partner of Valhalla Capital; Co Founder of Black Future Foundation and board member of The University Club Atop Symphony Towers. Karl has been recognized as Top 50 Most Influential leader and has over 20 years of Corporate American experience where he worked for a few of the largest financial institutions in the world. He’s currently working on a $3B international lending company and running several multiple million dollar real estate projects.
Rich and Karl discuss Karl’s journey with, and the intricacies of affordable housing, 1031 exchanges, Airbnbs, returns on investments, and a deep dive in Section 8 housing. They also reflect on tax abatements and tax credits, building generational wealth, capital stacking, the differences in permit processes between states, being a board member of The University Club, and Karl’s initiative to aid young black people in getting through college and learning financial literacy. Lastly, Rich and Karl talk about what an underfunded founder looks like in venture capital.
Connect with Karl on Instagram: @glh_capital

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

From Broke to $400 Million in Real Estate | Tyler Deveraux E88 Sep 26, 2023

Rich sits down with Tyler Deveraux -a sought-after international speaker, 9 figure Co-Founder & CEO of MF Capital Partners and Multifamily Mindset, an education company providing investors with guidance to acquire properties, and co-host of The Growthcast Podcast.
Rich and Tyler discuss their first time meeting each other, Tyler’s mom's van being repossessed, how Tyler found his first multifamily deal, and how to unlock future growth. They also talk about being in the right room, raising and protecting capital, cap rates and market forecasts, the biggest challenges of transactions, the scarcity vs abundance mentalities, how to utilize resets, cutting off and reconnecting with friends, the most inspirational figures in the real estate investment world, and how money is a tool to create relationships.
Lastly, Rich and Tyler reflect on Tyler’s experience living in Maui and his billion dollar goals.
Connect with Tyler on Instagram: @tyler_deveraux

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Real Estate Market Forecast & Do You Need Money to Make Money? | Saturday Edition E87 Sep 23, 2023

On today's episode, we're doing the "Saturday Edition" where Rich answers top questions of the week that are sent in by our listeners.
Rich and Alex discuss spending money to make money, the best areas in the US to invest in today, and what keeps the fire going everyday.
If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What You Need to Know About Raising Money for Real Estate w/ Top SEC Attorney | Bethany LaFlam E86 Sep 21, 2023

Rich sits down with Bethany LaFlam - an entrepreneur, a seasoned deal lawyer, a mother, and a visionary. With more than 20 years of experience practicing law, Bethany has leveraged that expertise into her business life.
In her role as Managing Partner of Premier Law Group, Bethany focuses primarily on real estate syndications and funds, helping syndicators build their empires by safely leveraging OPE (Other People's EVERYTHING).
Rich and Bethany discuss Bethany’s background, how to leverage scaling businesses while following SEC guidelines, SEC Regulation A Offerings, and the differences between a 506b and 506c offering.
They also talk about what it means to find the right investor, single asset syndication businesses and building a fund, her journey in creating an AI platform on the block chain to aid investors in building a portfolio, and Bethany’s plan for her syndicated 11-unit Boutique Hotel in Belize. Lastly, Rich and Bethany review investing with the IRA model and the debt fund model.
Connect with Bethany on Instagram: @bethany_laflam

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Value, Acquire, and Optimize Small Businesses | Greg Wilson E85 Sep 19, 2023

Rich sits down with Greg Wilson - CFO, Investor, Coach, and CPA. Greg’s career has spanned over 14 years and he’s raised over $200 million in private capital. He’s the founder of the E-commerce Accelerator, an online course and accelerator program designed to help e-commerce businesses succeed.
Additionally, Greg serves as a managing partner at Precision Financial, a firm providing accounting, CFO, and consulting services to businesses. Greg is also an enthusiastic private investor in businesses, startups, funds, cryptocurrencies, and other non-traditional investments. His previous role included serving as CEO of the Colorado Division of a national financial consulting firm.
Rich and Greg discuss Greg’s background, e-commerce, all things pickleball, and what it takes to successfully raise capital. They also talk about what it means to find the right investors, using credit in the right way, how to correctly value and exit a business, building a brand, laundromat businesses, and testosterone therapy.
Connect with Greg on Instagram: @thegregmwilson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

New Real Estate Investor Tips & Importance of Knowing Your Why | Saturday Edition E84 Sep 16, 2023

On today's episode, we're rolling out a new segment called the "Saturday Edition" where Rich answers top questions of the week that are sent in by our listeners. If you have a question you'd like answered, please email info@somerscapital.com and stay tuned every Saturday to see if it's featured. We hope you like this new, interactive segment and appreciate your support + participation!

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s an ADU Developer Who’s Changing the Real Estate Game | Chris Luna E83 Sep 14, 2023

Rich sits down with Chris Luna - an entrepreneur, real estate investor, host of the On the Come Up podcast, and ADU Developer. Over the last 7 years, Chris has completed over 35 transactions in the sunny San Diego market. He’s on a mission to help a million people build generational wealth through practical development and starting in their own backyard.
Rich and Chris discuss the ADU business, Chris’s first real estate deal, the rent-by-the-room model, identifying the right architect, and the biggest challenges of doing the ADU game. They also talk about marketing to foreign exchange students, airbnb’ing properties, the real estate market in San Diego, floating-rate debt, and Chris’s ADU Development course “Backyard Billionaire.” Chris also shares an anecdote about doing a 1031 into a deal.
Connect with Chris on Instagram: @chrisj.luna

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Those Who Take Action Win the Game w/ Founder of EverBowl | Jeff Fenster E82 Sep 12, 2023

Rich sits down with Jeff Fenster, an entrepreneur, best selling author, podcast host and expert in relationship capital. He was named a top 100 Entrepreneur in America, Top 40 Executive under 40 by the Business Journal, and a Top Entrepreneur to Follow for 2022. Jeff is also the founder of the So Cal-based superfood brand, everbowl. everbowl is nationally recognized for making healthy superfoods accessible and affordable to everyone.
Rich and Jeff discuss all-things everbowl, whether the franchise model is a worthwhile pathway, Jeff’s start in the real estate space, and how to maximize businesses by team building. They also talk about leading with value, learning to pivot, Jeff’s company WeBuild, Jeff’s 7-year-plan, and the glorification of entrepreneurship.
Connect with Jeff on Instagram: @fensterjeff

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She’s Wholesaled and Flipped 100 Houses at Age 25 | Dominique Gunderson E81 Sep 07, 2023

Rich sits down with Dominique Gunderson – a 25-year-old house flipper, real estate investor and co-founder of Gunderson Homes with her husband, Mitch. Dominique has been investing in real estate since she was 17 years old, and has built up to owning a successful real estate investment company in New Orleans, Louisiana. Between wholesaling, flipping, and buy and hold investments, she has over 80 deals under her belt and is an expert at both acquisitions and renovations. Her main focus today is long distance fix and flip investing, as she lives in Colorado while running 12+ fix and flip projects at a time in New Orleans.
Rich and Dominique discuss how her passion for real estate came to fruition at the age of 17, her start as a wholesaler, and learning to delegate in the real estate space. They also talk about the intricacies of long distance fix-and-flips, the fundamentals of flipping houses, the current rate environment, and the most important members of a fix-and-flip business.
Connect with Dominique on Instagram: @dom_flips_nola

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

2X Your Cashflow Using this Short-Term Rental Design Strategy | Somerled Designs E80 Sep 05, 2023

Rich sits down with Jordan McDonough and Bri West – the founders of Somerled Designs. Somerled is a design firm specifically for short term rentals. Their main focus is designing spaces that help maximize their clients' cash flow and overall return on investment. They do this by studying the market, understanding customer preferences, and applying their design expertise. Somerled designs properties that produce higher revenue, attract more bookings, and stand out in competitive markets.
Rich, Bri, and Jordan discuss the importance of interior designing for short-term rentals, Somerled’s origin story, analyzing market data to maximize rental performance, and the biggest mistakes seen in design today. They also talk about target audiences, trending amenities, staging rental listing photos, the current state of the economic climate and its effects on the short-term rental space.
Connect with Somerled Designs on Instagram: @somerled.designs

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why “Broke” is Just a Mindset & Where Opportunity is Tomorrow | Ryan Pineda Pt. 2 E79 Aug 31, 2023

In part 2 of Rich's interview with Ryan Pineda, they discuss Ryan’s entrepreneurial mindset, the most successful daily routines, and the difference between a planner and a visionary. They also talk about choosing opportunities, Ryan’s ventures into acquiring companies and cars, and his experience with peptide therapy.
Ryan Pineda is a serial entrepreneur and the CEO of seven different 7-8 Figure businesses. In addition to that he owns 500+ rental properties, has received 500M+ views on social media, and is a retired pro baseball player. He also hosts The Wealthy Way Podcast, where he interviews top experts in business, health, faith, and relationships while sharing his own experiences.
Connect with Ryan on Instagram: @ryanpineda

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Pro-Baseball & Couch Flipping Paved his Path to Entrepreneurship | Ryan Pineda Pt. 1 E78 Aug 29, 2023

Rich sits down with Ryan Pineda – A serial entrepreneur and the CEO of seven different 7-8 Figure businesses. In addition to that he owns 500+ rental properties, has received 500M+ views on social media, and is a retired pro baseball player. He also hosts The Wealthy Way Podcast, where he interviews top experts in business, health, faith, and relationships while sharing his own experiences.
Rich and Ryan discuss Ryan’s journey as a pro baseball player, being a realtor in the early 2010s, and how Ryan got into couch flipping. They also talk about how Ryan got into creating content on social media platforms, house flipping, going against conventional wisdom, and the utility of masterminds.
Part 2 with Ryan Pineda will be released on Thursday, August 31st.
Connect with Ryan on Instagram: @ryanpineda

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Placed $7 Billion of Debt for Real Estate Investors & Entrepreneurs & Invests in Luxury Real Estate | Chris Groves E77 Aug 24, 2023

Rich sits down with Chris Groves – a serial entrepreneur who is leading the way in the lending industry and has funded over $7 billion in loans. He and his wife, Aleyna, started Groves Capital Inc, a family-owned mortgage company with the lowest rates in the industry. Groves Capital Inc. greatest accomplishments have been growing from 2 people to 575 across 25 states in fewer than three years; creating a family feel across the company where everyone works together to help others become successful; and doing billions in volume in such a short amount of time.

Chris grew up in a small town of 942 people and started working at farms at the age of 12. At the age of 18, he left his small hometown with only $300 in his pocket and headed to San Diego to pursue his dreams.
Rich and Chris discuss Chris and Aleyna’s recent 10-year anniversary trip to Europe, what a typical Fast Lane Drive event looks like, and Chris’s prior experience as a personal trainer. They also talk about real estate lending (residential and commercial), the current and projected interest rate environment, and luxury rental properties.

Connect with Chris on Instagram: @ceogrovescapital

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Moved Here From India with Zero Money and Now Owns 7 Hotels | Neil Shah E76 Aug 22, 2023

Rich sits down for an interview with Neil Shah – President of Inntech Management and a leader in the hospitality industry.
Neil started out as an electrical engineer in India, and at age 23, moved to California where he became a hotelier and a GM. Since then, Neil began investing in hotels and has grown to multiple properties in Arizona. Neil currently owns 7 boutique hotels. Rich and Neil discuss Neil’s fascinating beginnings in India and becoming a hotelier, the distinction between branded hotel properties and independent properties, and how to effectively cross-train staff. They also talk about becoming an investor after being in operations management, automating property processes, how the next generation views the boutique experience, and the current trajectory of interest rates.
Connect with Neil on LinkedIn: Neil-Shah-CHA

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Grow a Social Media Audience Starting From Zero Followers | Ryan Magin E75 Aug 17, 2023

Rich sits down with Ryan Magin, who is pioneering the way short form content is filmed, edited & directed. He invented the subtitles all your favorite influencers use on TikTok, Reels & Shorts today. He is an advocate of creating non-niche videos to get millions of views in order to build a loyal brand that you can profit from long term. Together with his team he has grown 7 accounts (including his own) to get over 100 million views on TikTok.
Rich and Ryan discuss a wide array of topics, including Ryan's journey from professional BMX racing, to building website domains, to creating content with influencers and entrepreneurs like Grant Cardone and Ryan Pineda. They also talk about streamlining social media management teams, how Ryan met his wife, and what proper nightlife attire actually looks like.

Connect with Ryan on Instagram: @ryanmagin

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Leaving Your 9-5 to go "all-in" on the Short-Term Rental Game | Patryk Swietek E74 Aug 15, 2023

Rich sits down with Patryk Swietek, a 26-year-old serial entrepreneur who started his first company at 14 years old making $40,000/year. He currently owns 6 properties and manages 20 for others in the Joshua Tree area. He’s become a thought leader in the STR space by putting on industry conferences, monthly meetups and a Facebook community of investors called STR Nation. He’s passionate about teaching other young people stuck in the 9-5 how to become financially free through short-term rental investing.
Rich and Patryk discuss Patryk's earliest entrepreneurial inspiration, his college experience, and how to successfully scale short-term rentals. They also talk about Patryk's properties in Joshua Tree, following their passions when starting to invest, and building a real estate portfolio using property management companies.
Connect with Patryk on Instagram: @patryk_swietek

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Left Pro Basketball to Develop Luxury Homes and Apartment Buildings | Terry Harris E73 Aug 10, 2023

Rich sits down for an interview with Terry Harris – Former G-League NBA Player for the Delaware Blue Coats. His brother, Tobias Harris, is an NBA Pro player for the Philadelphia 76ers.
At age 27, Terry is now the CEO of CSH Real Estate Corp, investing in luxury homes and apartment buildings in Joshua Tree and Los Angeles. He was first introduced into the world of real estate when he bought a home during his time in the G-League for $175,000, FHA 3% down, and selling it a year later for $320,000.
Rich and Terry dive into all things NBA, Terry’s history with the G-League, and Terry’s vision for his luxury homes and apartment complexes. They also talk about the wholesale process, learning from their mistakes, and the best ways to connect with property managers, contractors and architects.
Connect with Terry on Instagram: @terryharris15

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Makes $175K/month in Passive Income & Why Social Media is Changing the Real Estate Game | Blake Rocha E72 Aug 08, 2023

On today’s episode Rich sits down with Blake Rocha – a reformed stock trader turned content creator to now Airbnb investor and coach. He’s the founder of BNB Profits Program and multiple other 7 figure businesses. He thrives on helping people dream bigger, create their own future, all while accumulating assets that cash flow. Rich and Blake discuss what it means to be 26 years old in the investing community, successful ways for entrepreneurs to build their social media platforms, and winning in a saturated market. They also dive into developing a healthy work mindset, investing in Airbnbs, and working in this business with family.
Connect with Blake on Instagram: @mrfourtoeight

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Helps Entrepreneurs and Investors Maximize Their Performance, Longevity, and Quality of Life | Ryan Kennedy E71 Aug 03, 2023

On today’s episode Rich sits down with Ryan Kennedy – a Functional Medicine Practitioner, Traditional Naturopath, and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He hosts The Ryan Kennedy Show, a podcast that brings cutting edge information on health, fitness & functional medicine to improve his audience’s wellbeing in all areas of life. Rich and Ryan discuss tips on how to sleep better, how to activate sensible sun exposure, and what healthy testosterone levels look like. They also dive into which meal subscriptions are the best, reducing screen time, and Rich tries Kratom, a natural herbal medicine, for the first time.

Connect with Ryan on Instagram: @ryanckennedy

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Real Estate Tax Strategies Exposed | Ryan Bakke E70 Aug 01, 2023

On today’s episode, Rich sits down for an interview with Ryan Bakke – Real Estate Investor and CPA for over 200 Real Estate Investors. Ryan has a background in Accounting and Finance and previously worked at Deloitte for two years. Through his education business @LearnLikeACPA, he has educated thousands of investors on different ways that they can become tax smart. Ryan's investment portfolio consists of small multifamily, short-term rentals, campgrounds & RV parks. Rich and Ryan dive into all things RV Parks, Ryan’s history in accounting and as a CPA, and the importance of delegating tasks to reach your "Genius Zone". They also talk about recent updates to investing, potential bonus depreciations, rate hikes, and why a 401k can only get you so far.
Connect with Ryan on Instagram: @learnlikeacpa

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He was on Season 16 of The Bachelorette and Now He’s Changing the Solar Energy Game | Chasen Nick E69 Jul 27, 2023

On today’s episode, Rich sits down with special guest and local San Diego resident, Chasen Nick. Chasen grew up in the Bay Area, was a D1 swimmer in college, and then ultimately ended up in San Diego where he worked in the recruitment industry for 9+ years. After hitting a ceiling in his 9-5 during Covid, he was asked to be a contestant on The Bachelorette. After his time on the show, he’s transitioned into solar energy, and now he’s focused on leveraging his network to build a referral partnership across different verticals. Rich and Chasen talk about his experience on The Bachelorette, what the casting process was like, and his key takeaways from being on a reality show. They dive into what his life looks like now, the process of building his book of business in the solar industry, and the importance of your network building into the future.
Connect with Chasen on Instagram: @chasennick

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The “King of Debt” Exposes Credit Hacks to Grow Your Business or Real Estate Portfolio | Jack McColl E68 Jul 25, 2023

In today’s episode, Rich sits down for an interview with Jack McColl, the “King of Debt” – Jack, the founder of Credit Stacking, scaled from zero business credit to $500k in approved credit in just over 1 year, which he’s used to fund a variety of new businesses and investments. He now teaches his unique framework to over 2,000 entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital so they can start a business, scale a business, or finance any type of investment. He shows others how to optimize their credit profile and make themselves look attractive to lenders without showing any financials, including tax returns, bank statements, or verified income. Rich and Jack dive into exactly what the underwriters are looking for, the importance of bank relationships, and tips for building those relationships. They discuss the specific banks you want to prioritize building a relationship with, which credit card companies are the easiest to get funding from, and a few major hacks for transferring your limits on 0% credit cards. Jack shares a few key tips for luxury travel using points, and leaves the listeners with some tangible strategies for optimizing their personal credit profile.

Book a call: https://go.creditstacking.com/schedule
Connect with Jack on Instagram: @kingofdebt

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Founded an Exotic Car Community That’s Changing the Way Business and Networking is Done | Clement Connor E67 Jul 20, 2023

On today’s episode, Rich sits down for an interview with Clement Connor – CEO & Founder of Fast Lane Drive, an exclusive exotic car club with locations in Los Angeles, San Diego, Scottsdale, Las Vegas, Miami, Austin, Monaco, and Washington DC. They’ve cultivated a community of individuals who love driving their cars, meeting like-minded enthusiasts, and giving back to their community. Clement is also the COO and Co-Founder of Smartboost, a San Diego-based marketing agency specializing in AI-powered marketing strategies. Rich and Clem dive into the history of the car club, how the idea came to fruition, and the 3 major requirements to be considered for the club: 1.) Be a good human being. 2.) Be respectful to women. 3.) Make it a priority to give back. They also talk about his marketing company, Smartboost, and the importance of having multiple different businesses that connect full-circle.
Connect with Clement on Instagram: @clemcnr

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How He Scaled to Over 70 STR Listings in Just 4 Years | Rafa Loza E66 Jul 18, 2023

On today’s episode Rich sits down with Rafa Loza – short-term rental & boutique hotel investor, who’s made his mark in the hospitality and short-term rental industry over the past six years. Originally leveraging an arbitrage model, Rafa seamlessly transitioned into boutique hotel operations, his entrepreneurial spirit fueling his growth. He now owns and operates a large-scale hospitality brand, managing over 72 short-term rentals and a boutique hotel, with his portfolio growing month after month. Rich and Rafa discuss the business plan for his boutique hotel, different lending options, how he found investors for that deal, and a breakdown of the renovation package. They dive into how Rafa got into real estate investing, an overview of the structure of his team, and some tips for new investors looking to get into the game.

Connect with Rafa on Instagram: @itsrafaloza

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Where Interest Rates Are Headed & Lending Market Update | Jonathan Yoo and Dustin Rosenberg E65 Jul 13, 2023

On today’s episode, Rich sits down for a conversation with Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans. They do a deep dive into what’s going on in the market and the current interest rate environment. They discuss unemployment numbers & large company layoffs, tips for investors looking to get a DSCR loan, and some insight on how to make your appraisal process go smoothly. They also talk about different lending options for ADU’s, Rich’s “3 Immutable Laws of Real Estate Investing”, and where they predict things will settle down in Q3 & Q4.
Dustin and Jonathan are the owners of Convoy Home Loans, the #5 ranked broker for Non Qm in the nation and #6 overall volume broker in the nation. When they started Convoy, they made it a purpose to have programs that catered to investors and clients of higher net worth. They grew their brokerage in the last 2.5 years and have funded over $1 billion in loans as a team. Dustin and Jonathan are the company’s owners but also the top producers. Their goal this year is to expand the company further and take advantage of the slower market by capturing as much market share as possible. They're passionate about helping investors grow their portfolios using creative financing options.
Connect with Jonathan & Dustin on Instagram: @convoy_homeloans

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How Miss Nevada Makes $2,000,000 a Year from Mini-Mailboxes | Lisa Song Sutton E64 Jul 11, 2023

In today’s episode, Rich sits down for an interview with special guest Lisa Song Sutton – real estate investor and entrepreneur with a family office of $60M AUM. Lisa is former Miss Nevada, and now she's found a creative way to make $2 million a year through mailboxes. With a background in business litigation, Lisa began her career working in a top Las Vegas law firm before launching and scaling several companies across various industries including real estate, food and shipping retail. As the daughter of a USAF Vietnam War Veteran, Lisa is a strong advocate for the veteran community. She is currently a General Partner of The Veteran Fund, a $20M pre-seed venture capital fund that invests in veteran-led and military-spouse-led companies. Rich and Lisa discuss how she got started in the mailbox business, her current ventures in the real estate investment space, and key tips for entrepreneurs to stay focused with so many different distractions. They also dive into how her time as Miss Nevada allowed her to make such an impact in her community and led to many strong business connections & relationships that she still has 9 years later.
Connect with Lisa on Instagram: @lisasongsutton
Find more information about Lisa at www.lisasongsutton.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He’s Buying a 130 Unit Hotel & Why Lack of Time is Not an Excuse | Blake Dailey E63 Jul 06, 2023

In today’s episode, Rich sits down with special guest Blake Dailey. Blake is a boutique hotel and STR investor as well as an active duty Air Force officer. He started investing in short-term rental houses with ADUs and scaled quickly into commercial real estate. After surpassing his W2 income with his cash flow, Blake pivoted to commercial multifamily and syndicated his first large apartment deal. Combining his experience with raising money, doing commercial deals, and BRRRRing STR properties, Blake jumped into commercial short-term rentals with converting run-down hotels/motels into renovated boutique hotels. Blake has a $20M portfolio of apartments, 5 boutique hotels, and a mix of short-term rentals homes across California, Florida, and Utah. Rich and Blake dive into their similar paths from government workers to investors, the opportunities within the boutique hotel space, and key advice on the operations/management side of the business. They also talk about the importance of aligning yourself with those that will help and encourage you grow to your full potential.
Connect with Blake on Instagram: @blakejdailey

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How to Decide Which Real Estate Investing Path is Right for You | Omar Alfaro E62 Jul 04, 2023

In today’s episode, Rich sits down for an interview with Omar Alfaro – wholesaler, flipper, real estate broker & investor with 21 years of experience in the real estate space. He discusses the various aspects of his business, including buying & flipping houses, holding rentals & STRs, and developing property. They talk about the impact of the current interest rate environment on the real estate industry, the concept of “buying properties deeper”, and their thoughts on people being property rich but cash poor. Omar shares valuable tips for beginners interested in house flipping, such as finding deals at significant discounts and establishing relationships with sellers for off-market opportunities. They also dive into how to determine which deals to hold and which ones to flip, the Airbnb revenue collapse, and the importance of taking care of your database.
Connect with Omar on Instagram: @investwithomar

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Is the Airbnb Revenue Collapse Real? And Will Boutique Hotels Be The Next Big Thing? | E61 Jun 29, 2023

In today’s episode, Rich is doing a deep dive into the current “Airbnb Revenue Collapse” that’s been sweeping the internet and social media. He challenges the questions – Is it real? Where did these facts come from? Is it the best time to get into this asset class? He pulls up some live data to compare the actual numbers with those that are being posted online, and also gives the listeners some key tips for doing their own research in order to find successful short-term rentals.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Owns Multiple 7 Figure YouTube Businesses | Will Grimes E60 Jun 27, 2023

In today’s episode, Rich is joined by special guest, Will Grimes, visiting us from Denver, Colorado. Will spent just under 10 years inside of the Marine Corps, then went on to serve his community as a police officer. After police work, Will ventured into entrepreneurship and now he’s a team owner in real estate and owns multiple 7-figure YouTube businesses. From his military mindset and leadership skills, he leverages educating others through YouTube and focuses on bringing value to his audience. Rich and Will dive into how his background led him to where he is today, speaking your truth even if it goes against the popular opinion, and finding your purpose as an entrepreneur. They also talk about the importance of establishing an online presence to provide value to others with no obligation for someone to call or buy a service.
Connect with Will on Instagram: @will_grimes

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Interest Rates, Inflation, and How AI Technology is Disrupting the Economy | Vinny Lingham E59 Jun 22, 2023

In today’s episode, Rich is joined by Vinny Lingham – tech investor, serial entrepreneur, and groundbreaker in the AI space. Vinny was born and raised in South Africa, studied at the University of Cape Town, and in 2003 started a business in his bedroom that quickly became one of the leading technology companies in South Africa. He moved to California in 2008, and has been grinding and building different companies ever since. Rich and Vinny discuss the key to success for those wanting to start their own businesses, today’s interest rate environment, their thoughts on inflation, as well as the recent bank collapses. Vinny also talks about his company, Waitroom, a video conferencing platform powered by AI and how he feels it will affect the labor force in the next 12 to 18 months. He shares which job functions he predicts will be replaced by AI and a few key takeaways on how we can adapt and use the technology to our advantage moving forward.
Connect with Vinny on Instagram: @vinnylingham

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Middle Class Mindset Debunked & Why Most People Will Never Invest in Real Estate | Jorge Contreras E58 Jun 20, 2023

In today’s episode, Rich sits down for an interview with Jorge Contreras – short-term & mid-term rental investor, ground up developer, and Airbnb arbitrage & purchasing coach. Since 2017, Jorge has been operating short-term rentals, and this year he closed on his first ground-up development project. Before real estate investing, he and his wife were working long hours at their day jobs, and he was determined to find a way to financial freedom. Now he’s been able to retire himself, his wife, and his mom, and he’s passionate about helping others break free from the 9-to-5 shackles so they can do whatever is aligned with their purpose and what they were born to do. Rich and Jorge discuss key plays right now in the high interest rate environment, their responses to those that discourage investing in California, and the government & school system’s goals of creating employees. They talk about the importance of mindset and surrounding yourself with the right people instead of “dream killers” in order to become the greatest version of yourself and reach your full potential.
Connect with Jorge on Instagram: @thejorgecontreras

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Should You Use Your 401K or IRA to Invest in Real Estate? | E57 Jun 15, 2023

In today’s episode, Rich dives into the 401k and IRA systems – the good, the bad, and how you can utilize them to invest in real estate. He discusses a recent article that reports the average 401k balances for Americans and examines whether this amount is sufficient for retirement in today’s economy, considering inflation and other factors. He talks about some of the drawbacks, such as the risk of 401k devaluation, while also highlighting a few benefits like its effectiveness as a savings tool and the allure of company matching incentives. Additionally, he provides the audience with several alternative avenues to invest their retirement account to accelerate wealth growth.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Making $300,000 per Year on YouTube | Spencer Cornelia Pt. 2 E56 Jun 13, 2023

In part 2 of Rich’s interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas, they dive deeper into his YouTube channel that boasts 485k subscribers and brings in $300k a year. They talk about one of the videos he created on "Why NBA Players Go Broke", and the reasons why these athletes would be much better off putting their money into real assets. Spencer shares about his most viral video with 200M+ views, a few secrets on how he discovers his information during due diligence, and the key to putting a successful video on YouTube. They also discuss current controversy surrounding Grant Cardone and Spencer’s motives & incentives when creating a video that exposes someone.
Follow Spencer on Instagram: @spencercornelia1

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why "House-Hacking" Might Be the Easiest Way to Build Wealth Through Real Estate | Spencer Cornelia Pt. 1 E55 Jun 08, 2023

In today’s episode, Rich sits down for an interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas. Spencer got into real estate investing in 2015 when he moved to Vegas from Oakland and met a buddy who rented out rooms in his place in order to live for free while also generating some additional cash flow. He then discovered the concept of house hacking through the Bigger Pockets forums and bought his first condo. They dive into Spencer’s experience flipping houses and losing a bit of money with the wrong contractor, dipping into the midwest markets, lessons learned and what he would have done differently on those flips. They discuss advice for listener’s looking to do their first house hack, techniques for finding great tenants & setting boundaries, and the complexities of landlord-tenant laws. Spencer also shares the craziest roommate story he has (one of the many) which ended with cops and handcuffs.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

They Built an Airbnb Portfolio w/ 30+ Properties While Working Full-Time Careers | Craig Gerulski & Matt Floyd E54 Jun 06, 2023

On today’s episode, Rich sits down for an interview with good friends and key players in the short-term rental space – Craig Gerulski & Matt Floyd. They built a portfolio of 30+ properties while working full-time careers, and recently both just left their day jobs to pursue building their thriving business. They discuss officially being free from their W-2 jobs and the 3 models they use for their business: individual property ownership, a rental arbitrage company, and a management company. They share some invaluable advice on various strategies they use to grow their business by bringing in additional properties and driving revenue. Craig and Matt are passionate about helping others create passive income streams to gain financial & time freedom. They dive into their favorite markets, the concept of saturated markets, and essential tips for individuals embarking on their first short-term rental venture.

Connect with Craig & Matt: partner@stayclassyhomes.com / 619-738-6199

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How This Ex Firefighter Built an STR and Hospitality Business | Michael Porche E53 Jun 01, 2023

In today’s episode, Rich sits down for an interview with Michael Porche – former firefighter turned real estate investor and owner of a thriving short-term rental business. Michael is in San Diego preparing for his first live event, STR Legacies Live, from June 2-4 in which Rich will be speaking on Boutique Hotels. They discuss Michael’s difficult transition from being a firefighter into the real estate investing world, the growth of his short-term rental business & portfolio, and the excitement around hosting his live event. They dive into the recent acquisition of Michael’s first boutique hotel, the importance of “failing fast” and learning from those failures, and the most rewarding aspect of being an entrepreneur. Michael touches on his anticipations and plans for the upcoming year, and the concept of “your network is your network”. He also gives some valuable advice on surrounding yourself with like-minded individuals in the industry.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Specializes in Ground Up Development and ADU Builds in High Density Areas | Andrew Greer E52 May 30, 2023

In today’s episode, Rich sits down for an interview with Andrew Greer, local San Diego realtor and real estate developer with a team of 30 agents who specializes in infill development and value-add projects. Andrew has a background in home construction and flipping houses, but was inspired by the IRS to protect his money and decided to pivot from flipping to buy-and-hold investments. They discuss the pain points of building & selling new construction, office buildings, ADU permitting process timelines, and Andrew’s current projects. They also talk about his ideal unit mixes and do a deep dive into the San Diego market.
Connect with Andrew in Instagram: @realtyentrepreneur

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Chasing $10 Billion in Real Estate & Why This Cycle Will Be The Biggest Real Estate Opportunity of His Lifetime | Grant Cardone E51 May 25, 2023

In today’s episode, Rich sits down for an interview with very special guest Grant Cardone – CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion. They dive into a wide range of topics in their conversation, and nothing is off limits. Rich and Grant discuss the concept of inflation and the government’s role in printing money. They also touch upon the recent bank collapses and the Federal Reserve’s bailout of these institutions. Grant shares his experience of living in San Diego and doing his first deal in Vista, highlighting his mindset at the time and tips for shifting to an abundance mindset. They also talk about the biggest real estate deal he’s undertaken and a humorous story about running into Gavin Newsom at a recent event. Grant provides advice on how to navigate the current real estate climate, and his feelings on buying single-family homes. He also touches on the concept of his “10X Health” program, his new upcoming TV shows, and his experience homeschooling his two daughters. Grant even hints at the possibility of running for president in the future.
Connect with Grant on Instagram: @grantcardone

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He's Flipped Over 300 Houses and is the Star of HGTV's Vintage Flip | Jessie Rodriguez E50 May 23, 2023

On today's episode, Rich sits down for an interview with Jessie Rodriguez, the star of HGTV's Vintage Flip. With a decade of experience in house flipping and a portfolio of over 300 properties, Jessie shares his insights and expertise in the world of real estate investing and flipping. Rich and Jessie discuss his strategies for finding lucrative properties, navigating the permitting process, implementing renovation strategies, and ADU value-add opportunities. They also dive into Jessie’s other projects beyond flipping, such as restoring old packing houses while preserving their historical elements in urban development.
Connect with Jessie on Instagram: @jessierodriguez

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Benefits of a Real Estate Fund & How to Mitigate Risk in Today’s Economy | Mikey Taylor Pt. 2 E49 May 18, 2023

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 2 of their interview, Rich and Mikey discuss his pivot into commercial real estate investing, raising money for funds vs. syndications, self-storage, multifamily and ground-up development. They dive into how Mikey built his business, Commune Capital, strategies with investors, and some of the biggest risks he faces with his projects. Mikey also shares what he’s most excited for in 2023 and his biggest motivation for getting out of bed in the mornings.
Connect with Mikey on Instagram: @mikeytaylor

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Growing Up as a Pro Skater & How He Sold Saint Archer Brewing for $70M+ | Mikey Taylor Pt. 1 E48 May 16, 2023

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 1 of their interview, Rich and Mikey discuss what it was like growing up skateboarding and going pro, his experience starting Saint Archer Brewing, and some key takeaways on building a successful business. Mikey also shares a hilarious story of a recent viral video with 2 skateboarders bringing their concerns to him at a City Council Meeting.
Connect with Mikey on Instagram: @mikeytaylor

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

This Ex-Gang Member is Now a Best Selling Author & Real Estate Investor | Dre Evans E47 May 11, 2023

In today’s episode, Rich sits down for an interview with multifamily investor and best-selling author, Dre Evans. Dre has a very unique and different story than most – he grew up in the streets of Chicago and joined a gang when he was 12 years old, where his initiation was participating in a drive-by shooting. Eventually he and his triplet brothers decided to pave their own path and joined the U.S. Navy Academy. Today Dre is a successful real estate investor and national best-selling author, recently releasing his third book – Prove Them Wrong. Rich and Dre discuss his experience growing up, how he got into multifamily, and what it was like buying his first deal. They dive into permitting processes, short-term rental licenses, and both of their passions of mentoring youth.

Connect with Dre on Instagram: @drmultifamily

Check Out His New Book: Prove Them Wrong

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why You MUST Understand "Leverage" to Truly Build Wealth | E46 May 09, 2023

In today's episode, Rich discusses why you can't "save your way to wealth" and the importance of utilizing leverage to get ahead. He dives into several examples of different forms leverage, including buying real estate deals, investing passively in real estate syndications or funds, creating social media content, hiring an assistant, and the ability to raise & multiply money. Rich also talks about why it's a good idea to hire out certain tasks in order to reallocate the time saved and focus on higher producing activities.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Using Seller Finance to Buy a Boutique Hotel & Tips for Buying in 2023 | Avery Carl (Mar '23) E45 May 04, 2023

In today’s episode, Rich sits down for an interview with host Avery Carl on her podcast, The Short Term Show. They discuss “the marriage of multifamily and short-term rentals”, the reasons behind Rich shifting his focus to boutique hotels, and his experience buying his first one. They talk about the way the deal was structured with investors, what gave him the confidence to move forward with this particular deal, and the specific criteria he’s looking for when purchasing boutique hotels. He also shares the advice he’d give 20-year-old Rich, if he knew then what he knows now.
Connect with Avery: @theshorttermshop

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Make More Cashflow with Less Headaches Using This Mid-Term Rental Strategy | Jesse Vasquez E44 May 02, 2023

In today’s episode, Rich sits down with Jesse Vasquez – mid-term rental mentor, investor, and host of the Mid-Term Rental Summit in San Diego. After 18 years in corporate sales training and leading million-dollar healthcare teams, he left his 6-figure W-2 healthcare sales management career to go all-in on real estate investing and his co-hosting, property management, and consulting businesses. He realized there was an untapped niche for traveling clinicians in the mid-term rental space, so he decided to dive straight in. Rich and Jesse discuss the importance of understanding your market, first steps for someone new wanting to get into mid-term rentals, and landlord-tenant laws in California. They do a deep dive into the types of properties that produce the most cashflow, the different lending options available for this asset class, and the reason why we’re seeing so many healthcare professionals feeling burnout.

Connect with Jesse on Instagram: @therealjessevasquez

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Utilizing Creative Finance to Build a $300M Portfolio Using Zero of His Own Money | Pace Morby E43 Apr 27, 2023

In today’s episode, Rich sits down for another interview in the Scottsdale Speakeasy with Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets. Rich and Pace discuss the different projects he’s focusing on in 2023, how he’s scaled his business & delegates roles, and his innovative methods for convincing sellers to sell their properties to him despite failed attempts by agents. They dive into the most effective ways to find sub to deals, their predictions for the market’s future, and why “real estate is a gateway into thousands of opportunities”.
Connect with Pace on Instagram: @pacemorby

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She's a Top Luxury Designer & Investor Who's Using RE to Fund Her Passion For Music | Kara Beckmann E42 Apr 25, 2023

In today’s episode, Rich sits down in his Scottsdale Speakeasy for an interview with Kara Beckmann – real estate investor & luxury designer based in Arizona. Before she got into real estate investing, Kara went to culinary school and started saving money to open her own bakery. She’s a true creative and had a dream of owning her own wedding cake shop, but after working in the restaurant industry for many years it became very repetitive. Kara had the realization that “maybe she could do to a house what she used to do to a cake” and started flipping houses. Rich and Kara talk about her experience finally quitting her day job, diving straight in without really knowing what she was doing, and what her typical deals & projects are like today. They discuss trending designs for 2023, new developments she’s getting into, her passion for music and recently released songs. Kara also shares a few of her biggest mistakes and advice for someone new wanting to get into their first flip.
Connect with Kara on Instagram: @beckmannhouse

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

"The Nine Degrees of Wealth" in Real Estate | Adrian Hernandez E41 Apr 20, 2023

In today’s episode, Rich sits down for an interview with Adrian Hernandez – real estate entrepreneur who has flipped over 250 homes and wholesaled over 400 deals. Adrian has a passion for helping real estate agents and helps them become investors. He owns a brokerage that supports everything he’s doing – the wholesaling, the flipping – and believes it's all one big ecosystem. Rich and Adrian discuss what it takes to make it in the real estate world, and give some great advice to anyone looking to get into the business. They dive into “the nine degrees of wealth” in real estate, some of the best marketing strategies & tactics, and he even shares the craziest experience he’s had with a homeowner when door-knocking.
Connect with Adrian on Instagram: @adrianhernandez

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Online Business Opportunities For Leaving Your 9-5 | Douglas James E40 Apr 18, 2023

In today’s episode, Rich sits down for an interview with Douglas James – a US Navy Veteran who now invests in self-storage facilities and builds & sells digital marketing businesses to entrepreneurs and investors. Doug is in the brick and mortar lead generation space and owns a successful $30M/year coaching business. Rich and Doug talk about his background and time spent in the Navy and how it led him to where he is today. They dive into his strategy partnering with fund managers to solicit and gather accredited investors by setting up online campaigns to drive traffic to webinar funnels. They also discuss investing with crypto and where they see the future with digital currency.
Connect with Douglas on Instagram: @the_douglasjames

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He's Planning to Disrupt the Way Residential Real Estate Transactions Are Done w/ this Startup Business | Brad Rice E39 Apr 13, 2023

In today’s episode, Rich sits down for an interview with Brad Rice – Founder and CEO of Amerifund Home Loans, a nationally recognized mortgage company and Homepie, a groundbreaking and disruptive online marketplace that enables anyone to sell their own home without paying excessive real estate commissions. During his 30-year career, Brad has scaled, owned, and operated several successful mortgage companies, an escrow company, a real estate brokerage, and real estate investment groups. Rich and Brad discuss Brad’s background in the mortgage business, what it was like for him during the 2007-2008 crash, how he got the idea to start Homepie, and his motivation behind building a technology that’s “like TurboTax for tax returns, but for real estate.”
Connect with Brad: brad.rice@homepie.com
https://homepie.com/

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She's a World Famous CrossFit Athlete Sponsored by Nike w/ 1M+ Social Media Followers and Founder of Grown Strong | Lauren Fisher E38 Apr 11, 2023

In today’s episode, Rich sits down with special guest Lauren Fisher – 8x CrossFit Games athlete, real estate investor, and founder of Grown Strong, an online fitness community for women. When she’s not busy training, competing, or hosting fitness retreats, she enjoys learning about & investing in real estate with her husband and family. Rich and Lauren talk about how she first got started with CrossFit, what it was like growing up with three older brothers, the part they played in her becoming the strong woman she is today, and inspiring others to overcome obstacles. They discuss the San Diego real estate market, Lauren’s upcoming CrossFit Games (going for her 9th year), and some of the craziest experiences she’s had competing at past competitions.
Connect with Lauren on Instagram: @laurenfisher

Use Code: GSFIT50 for 50% off Lauren’s Fitness Community: https://grownstrong.com/

More About Lauren: https://lauren-fisher.com/

Book a Room at Lauren’s Family Vacation Home in Nicaragua here: https://ranchosantana.com/accomodation/casa-linda

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Transitioning from Short-Term Rentals to Boutique Hotels | TJ Tijani E37 Apr 06, 2023

In today’s episode, Rich sits down for an interview with hotel & short-term rental investor, TJ Tijani. Before getting into the real estate space, TJ was working as an engineer on offshore oil rigs when he started educating himself and learning about real estate investing. His original goal was to have 10 single-family homes then retire, but his circumstances changed and he decided to go all-in on real estate investing. He focuses on building relationships, and today he’s doubling down on boutique hotels and properties with multiple units in one location. Rich and TJ discuss the intersection of creative financing and short-term rentals, flagship hotel requirements, and converting apartment complexes into boutique hotels. They talk about pursuing what you’re truly passionate about in life and give some advice to new investors looking to leave their day job and make the jump into real estate. // Connect with TJ on Instagram: @tjtijani

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Don't Rely on Airbnb, Build Your Own Direct Booking Platform | Mark Simpson E36 Apr 04, 2023

In today’s episode, Rich sits down with Mark Simpson, founder of Boostly – a company that gives hosts and property managers the tools, tactics, and training to increase their direct bookings. Mark is from the UK and grew up in the hospitality industry, which is where his passion began for helping other hosts. Rich and Mark talk about the importance of building your business using your own direct booking platform, and not fully relying on Airbnb, Booking.com, Expedia, or other platforms. They discuss building relationships and partnerships locally and nationally, the role SEO plays in your property’s performance, how to convert a “looker into a booker”, and the future of Airbnb along with a few key changes they’ll be rolling out soon. // Connect with Mark on Instagram: @boostlyuk / Website: https://boostly.co.uk/

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The “Come-Up” as a Country Music Singer in Nashville | Todd Cameron E35 Mar 30, 2023

In today’s episode, Rich sits down in Nashville with up-and-coming country music star, Todd Cameron. They first met a couple months ago, when Todd was in San Diego for a show and connected with Rich to discuss real estate investing. Todd is a small town guy with country & rock roots from West Virginia, who moved to Nashville to pursue his music career after touring with Brett Michaels from Poison. They talk about how he got his start & rise in country music, the feeling of hitting rock bottom, and how he shifted his mindset to pull him back up again. He discusses breaking up with his previous band members to do his own thing, along with the pressure and motivation when everything is riding on your shoulders. They dive into what it takes to make it in the music industry, the importance of your fan base, and a near-death experience that completely changed Todd’s outlook on life. // Connect with Todd on Instagram: @toddcameronmusic / Listen to his Music on Spotify and Apple Music

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

This Former Walmart Employee Solved a Major Gap in the Airbnb Industry | Marc Hostovsky (CEO/Founder Minoan) E34 Mar 28, 2023

In today’s episode, Rich sits down with Marc Hostovksy – Founder & CEO of Minoan, an all-in-one procurement and retail platform for the short-term rental industry. After spending nearly 6 years working at Jet.com and then Walmart (acquired Jet.com in 2016) managing a $400M business, he quickly realized that the best product experiences don't happen on screens or shelves, they happen in real moments of use. Marc believes hosts and hospitality professionals should be seen as marketing partners instead of customers, and he’s passionate about connecting hosts with brands, creating a centralized place to manage everything they need to order, and transforming their properties into a shoppable, revenue driving experience. Rich and Marc discuss the balance of art & science with your STRs, the importance of design as well as operations, and one crucial item you should splurge on for your property. They dive into Marc’s experience raising money for his business and his plan for Minoan moving forward. // Connect with Marc on Instagram: @minoanexperience

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

She Invests in Multifamily and Short-Term Rentals While Raising Two Kids and Running a Full-Time Business | Avery Carl E33 Mar 23, 2023

Today Rich sits down in Nashville for an interview with Avery Carl – CEO and founder of The Short Term Shop, a real estate sales team that specializes in helping investors locate, analyze, and acquire profitable short-term rentals in the top vacation rental markets around the country. Avery is a strategic investor herself and currently holds 250 doors, including short-term rentals as well as buy-and-hold single-family & multifamily properties. Rich and Avery discuss the high interest rate environment and how it’s affected the short-term rental industry, the “Airbnb Boom + Airbnb Bust”, and why your style of management matters just as much as the property itself. They dive into diversifying your portfolio, the importance of managing your time between business & family, advice on key markets for new investors, and where she’s putting her money in 2023 moving forward. // Connect with Avery on Instagram: @theshorttermshop

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Buys Assisted Living and Behavioral Health Properties to Maximize Cashflow Potential | Serg Lupescu E32 Mar 21, 2023

In today’s episode, Rich sits down with Serg Lupescu, who specializes in investing in assisted living facilities and behavioral health properties in Arizona. They discuss how he got his start in this niche market — from majoring in nursing and deciding it wasn’t for him, then moving to Arizona to open his own facility. They dive into the operations of these properties, the challenges faced throughout the pandemic, criteria that he looks for when searching for properties to convert, and the lending options for these types of deals. Rich and Serg also talk about the current situation with the banks collapsing and the importance of diversifying your investment portfolio. // Connect with Serg: sergiulupescu1@gmail.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Buying Properties on Large Lots to Build Additional Units (ADU Value-Add Strategy) | Maxwell Ventura E31 Mar 16, 2023

In today’s episode Rich sits down with Maxwell Ventura – a local residential Broker Associate who specializes in working with new investors for single-family residences up to the 4-unit range. He focuses on value-add opportunities for his clients, including renovation plays, adding additional units, and leveraging the non-optimized zoning on a given parcel of land. They dive into the ADU permitting process, California Coastal Commission Zoning, bonus density, and creative ways of utilizing lot codes to maximize potential. Rich also shares what his exact strategy would be if he was a new investor, to live for free while still creating equity and cashflow. // Connect with Max on Instagram: @maxwellbventura / Email: maxwellbryan.realty@gmail.com / Phone: (619) 944-2580

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Sells and Leases Office, Retail, and Industrial Buildings | Emmett Cahill E30 Mar 14, 2023

In today’s episode, Rich sits down for a conversation with Emmett Cahill – Commercial Real Estate Broker and Vice President of QFC Real Estate in Downtown San Diego. Emmett is a local Little Italy resident, and was actually the broker who assisted Rich in finding the space that is now home to Somers Capital Headquarters and the podcast studio. They talk about how retail, office, and industrial spaces are bouncing back after the pandemic, and whether or not the shift to work-from-home is here to stay. They dive into tenant improvement allowances, co-working spaces, HOA fees, and leasing vs. buying your office space. Emmett is passionate about helping people find spaces for their businesses, and would love to help you if you’re in the Southern California area. // Connect with Emmett: ECahill@qfcre.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Are Airbnbs and Multifamily Over Crowded? | Bonus Episode E29 Mar 11, 2023

In today’s bonus episode, Rich highlights an asset class he’s currently focused on buying and why he’s bullish on it. He goes over the reasons why he’s shifting his focus from Airbnb’s and multifamily, even though he owns both short-term rentals and multifamily real estate. Rich dives into regulations, competition, and the natural progression to the next big thing.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Boutique Hotels are the Next Big Thing | Brad Lea’s Dropping Bombs Interview w/ Rich (Dec 2022) E28 Mar 09, 2023

In today’s episode, Rich sits down for an interview with Brad Lea on his Dropping Bombs podcast. They talk about how Rich got his start in real estate investing, from his 11-year career as an air traffic controller to cashing out his 401k to buy his first deal. They dive into the business model & focus of Somers Capital – buying Boutique Hotels that are tired but well-located, fully renovating, re-branding & re-launching these properties, then managing the hotel with their in-house team. Brad & Rich discuss raising capital, structuring deals with accredited vs. non-accredited investors, and possibly even doing a deal together in the near future. // Connect with Brad on Instagram: @therealbradlea

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

The Truth About Nutrition & Fitness as a Busy Professional or Entrepreneur | Dr. Jordan Feigenbaum E27 Mar 07, 2023

In today’s episode, Rich sits down with Dr. Jordan Feigenbaum of Barbell Medicine – a company he started in 2012 that brings the best of modern medicine together with strength, conditioning, and nutrition. After going to medical school, he noticed a disconnect between modern medicine and the fitness industry and saw a need for joining the two together. As a business owner and entrepreneur himself, he shares some useful everyday tips on fitness & nutrition for busy professionals. Rich and Jordan discuss contributing to your “physical 401(k)”, setting realistic expectations, why certain behaviors stick, and the importance of your health & mindset in order to level up in life. // Connect with Jordan on Instagram: @jordan_barbellmedicine

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Best Real Estate Tax Strategies and Loopholes in 2023 | Amanda Han E26 Mar 02, 2023

CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. On today’s episode, she shares a wealth of knowledge on the best tax strategies and incentives for short-term rentals, multifamily, tips for W-2 employees, and passive investing in syndications. Rich and Amanda also do a deep dive into 1031 exchanges, 401(k)s, and self-directed IRAs. Connect with Amanda on Instagram: @amanda_han_cpa

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How This Man Built a $70M Multifamily Portfolio in Just 3 Years | Michael Garcia E25 Feb 28, 2023

In today’s episode, Rich sits down with up-and-coming real estate investor and operator, Michael Garcia, who owns and controls $70M worth of multifamily apartments. Previously he worked as a bond trader in Chicago, where he started educating himself on real estate during his downtime. One day out of the blue, his CFO shut the business down and Michael decided to take the leap into real estate investing. They talk about what his portfolio looks like today, the key to getting off-market deals, and the types of assets & markets he’s targeting. They discuss the 506(b) & 506(c) models of structuring deals for investors, advice for new investors just getting started, and the biggest influences in Michael's career.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

College Football Player Turns Real Estate Mogul, He Owns and Operates 1,800 Apartment Units at Age 33 Pt. 2 | Justin Spaulding E24 Feb 23, 2023

Justin Spaulding is arguably the top multifamily operator under the age of 35, and owns a portfolio of 1,800+ apartment units. In part 2 of Rich & Justin’s interview, they talk about a couple different refinancing scenarios they’re going through right now, interest rate caps and recaps, and the different types of investors they decide to work with or sometimes not work with. They discuss how you can get creative with seller financing, and Justin shares a specific story about a deal where the seller might actually be cutting him a check at closing. Connect with Justin on Instagram: @justinspaulding

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

College Football Player Turns Real Estate Mogul, He Owns and Operates 1,800 Apartment Units at Age 33 Pt. 1 | Justin Spaulding E23 Feb 21, 2023

In today’s episode, Rich sits down with Justin Spaulding – arguably the top multifamily operator under the age of 35, and owns a portfolio of 1,800+ apartment units. They talk about how he’s sourcing his deals and having success finding off-market properties given the current interest rate environment. Justin shares how he went from playing college football and having no idea what he wanted to do afterwards, to getting his start in real estate. They dive into Justin’s family life and striving to be successful in all areas of life (not just business), as well as the importance of prioritizing your health. They discuss the markets Justin is targeting, the operations within his company, and the lessons he’s learned as he’s scaling his business.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Buying Your First Investment Property During The Pandemic and How to Grow a Hospitality Business | Jennifer Bube E22 Feb 16, 2023

In today’s episode, Rich sits down with our very own Jennifer Bube – she’s worked with Rich since day one and helps manage all the boutique hotels & short-term rentals in the Excelsior Stays portfolio. They talk about how they first met & started talking about real estate investing which led to Jennifer and her fiance, Mark, buying their first short-term rental in National City. Jennifer shares some of the things they did to maximize the property by splitting it into multiple listings, as well as some of the biggest challenges they’ve faced. They discuss what it was like when she first started working with Rich, and some insight on the transition from managing & operating single-family listings to boutique hotels.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

San Diego’s TV and Radio Personality Who’s Found a Side Hustle Investing in Real Estate | DJ Frankie V E21 Feb 14, 2023

In today’s episode, Rich sits down with Frankie V – San Diego’s TV and radio personality, and host of Channel 933 in the mornings. They talk about how he got started in radio, what he and his brother are up to in the real estate space, and today’s market. Rich shares an update on the current Little Italy Boutique Hotel deal, the challenges that have come up, and how he’s gotten creative to solve them. They also discuss the success of the San Diego Padres, and Frankie shares a story about a DM from Rihanna asking for advice on performing at the Super Bowl. Connect with Frankie V on Instagram: @frankievizzle

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

If I Was Starting Over From Zero Knowing What I Know Today | E20 Feb 09, 2023

In today’s episode, Rich highlights three key things he would do if he was starting all over from zero – with no real estate, no net worth…but with the knowledge that he has today. He shares some great advice with the listeners on how to get your feet wet in real estate investing by putting in your time or “sweat equity”, and without requiring a ton of capital.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Built a $10M Airbnb Portfolio in 2 Years and Now He's Pursuing Boutique Hotels Pt. 2 | Tony Robinson E19 Feb 07, 2023

In part 2 of Rich’s interview with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson, they talk about their experiences with masterminds, connecting with different types of people from varied backgrounds, what Tony is up to today & his long-term goals. He shares a story about a deal in Big Bear that ended up falling through and his biggest takeaways from that experience, as well as structuring deals with accredited vs. non-accredited investors. They also dive into short-term rental regulations & restrictions, advice for getting an STR license, the structure & operations of Tony's team, and what is his “why” in life. Connect with Tony on Instagram: @TonyJRobinson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Built a $10M Airbnb Portfolio in 2 Years and Now He's Pursuing Boutique Hotels Pt. 1 | Tony Robinson E18 Feb 02, 2023

Today Rich sits down with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson. They talk about how he transitioned from his full-time W2 job with Tesla, to managing short-term rentals and building a business with his wife, Sara. They dive into how Tony decides what markets to invest in, tips for updating your Airbnb listing to drive occupancy, as well as cleaning fees and pricing strategies. They also discuss what it’s like working with your spouse, starting their STR Summit, and Tony shares the story of how he became the host of the BiggerPockets Rookie podcast. Connect with Tony on Instagram: @TonyJRobinson

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

3 Rules to Buy Real Estate in 2023 | E17 Jan 31, 2023

In today’s episode, Rich highlights the three criteria he looks for when buying real estate and gives some specific examples on how you can apply these rules & principles in your own real estate journey. He shares a few stories on personal deals he’s done, including his very first deal in Cincinnati and what he learned from that experience.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What’s Happening w/ the Capital Markets Today, Interest Rates, and How to Finance Your Deals in 2023 Pt. 2 | Jonathan Yoo and Dustin Rosenberg E16 Jan 26, 2023

In part 2 of Rich’s interview with Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans, they discuss hard money loan products and some tips & advice for the listeners on these types of loans. They do a deep dive into a couple of Rich’s personal deals, and they go over the best lending options for those particular situations & scenarios. They also talk about their recent experiences with appraisals in the current market. Connect with Jonathan & Dustin on Instagram: @convoy_homeloans / Email: jonathan@convoyhomeloans.com + dustin@convoyhomeloans.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What’s Happening w/ the Capital Markets Today, Interest Rates, and How to Finance Your Deals in 2023 Pt. 1 | Jonathan Yoo and Dustin Rosenberg E15 Jan 24, 2023

In today’s episode, Rich sits down with two of the best lenders in the industry, Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans. They discuss interest rates in the investor space vs. the conventional space, QM and Non-QM products, and why they started their own business & got into the lending industry. They also talk about their experience funding Rich’s luxury Airbnb in Scottsdale (with no debt-to-income ratio and no tax returns). Connect with Jonathan & Dustin on Instagram: @convoy_homeloans / Email: jonathan@convoyhomeloans.com + dustin@convoyhomeloans.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

He Intercepted Tom Brady 3 Times During His 14-Year NFL Career and Now He's Investing in Businesses and Real Estate | Antoine Bethea (w/ Adam Vaughn) E14 Jan 19, 2023

In today’s episode, Rich sits down for an interview with Antoine Bethea, 14-year retired NFL Vet, Super Bowl XLI Champion, and 3-time NFL Pro Bowler, along with Antoine’s right hand man Adam Vaughn. They discuss his time spent in the NFL, what he wish he would have known back then about real estate investing, and what he’s up to now in business & the commercial real estate space. They also talk about the power of social media, and Antoine shares what really goes down at the NFL Rookie dinners.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Importance of Knowing Your Buy Box and Search Criteria as a Real Estate Investor | Mike Sjogren & Emanuele Pani Pt. 2 E13 Jan 17, 2023

In part 2 of Rich’s interview with Mike Sjogren and Emanuele Pani on their Short Term Rental Secrets podcast, they dive deeper into the Somers Capital business model and their return profile for investors. They give some advice on underwriting and analyzing deals, and talk about the importance of keeping it simple & being transparent. “A confused mind doesn’t act.”

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

State of the Economy, Interest Rates, and Where Opportunities Are in 2023 | Kenny & Krystle Simpson Pt. 2 E12 Jan 12, 2023

In Part 2 of this interview, Kenny & Krystle Simpson share their experience on starting a property management company, the challenges that come with it, interest rates, their 2023 forecast, and where they see opportunity over the next 12-18 months. Connect with Kenny & Krystle on Instagram: @kennybsimpson + @krystlersimpson / Email: kenny@simpson-team.com + krystle@pacificshorecapital.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

State of the Economy, Interest Rates, and Where Opportunities Are in 2023 | Kenny & Krystle Simpson Pt. 1 E11 Jan 10, 2023

On today’s episode, Rich is joined by two of the best in the industry - Kenny & Krystle Simpson of The Simpson Team & Pacific Shore Capital. They share their insight on what’s going on in today’s economy, the federal reserves, interest rates, and discuss what’s happening in the market. They dive into the pros and cons of real estate investing in California compared to other areas, and where they see opportunity in 2023. Connect with Kenny & Krystle on Instagram: @kennybsimpson + @krystlersimpson / Email: kenny@simpson-team.com + krystle@pacificshorecapital.com

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Prioritizing Mindset and Team is Important Before Scaling | Mike Sjogren & Emanuele Pani Pt. 1 E10 Jan 05, 2023

On this week’s episode, Rich sits down for an interview with hosts Mike Sjogren and Emanuele Pani on their Short Term Rental Secrets podcast. They discuss what Rich has been up to lately, and why he decided to invest in his business and build out the Somers Capital Team. They also dive into his progression from luxury STRs to boutique hotels over the last 12 months. “Anything in business, relationships, or life, is a yes or no. The maybes are the ones that suck time out of your life.”

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Buying and Selling a 32 Unit Apartment Building For 3X Returns and Lessons Learned | E9 Jan 03, 2023

In this episode, Rich talks about his experience buying a 32 unit apartment building in Indiana, his value-add strategy, repositioning the property, and the business plan. He describes forcing the equity & appreciation, then exiting and selling the property 2 years later for three times what it was purchased for. Rich shares a lot of useful information in this episode, including his experience 1031 exchanging out of that deal into more real estate.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Good Things Happen When You’re Intentional About How You “Spend Time” | E8 Dec 29, 2022

In today’s bonus episode, Rich talks about why good things happen when you're intentional about how you spend your time. He shares a couple personal dating stories that started out not so great, but ended up turning around and leading to some other good opportunities.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why You Should Never Listen to Your Parents | E7 Dec 27, 2022

In this episode, Rich talks about why you should never listen to your parents, he opens up about his personal experience with his own parents, and a few caveats to this rule. He shares about his decision to cash out his 401k to buy his first deal, leaving his job as an air traffic controller to get started in real estate investing, and who he decided to listen to & who he did not during that process. “Success is not a straight line, and we fail our way to success.”

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

How I Bought My First Boutique Hotel and Where I See Opportunity Over the Next 18 Months | E6 Dec 20, 2022

In today’s episode, Rich discusses his experience buying his first boutique hotel, the reasoning behind his pivot from multifamily, and why he sees an opportunity moving forward with boutique hotels. He also shares a story about how he found out an onsite manager had been stealing from the owner for years.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Buying a Luxury Airbnb at the Top of the Real Estate Market | E5 Dec 13, 2022

In today’s episode, Rich talks about his experience buying a luxury Airbnb in Scottsdale in the height of the real estate market. He discusses the full renovation, getting it back up and running, hosting celebrity guests, and a small hiccup he had with the appraisal process.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

What It's Like Playing 10 Years In the NFL and His Transition to Real Estate Investing Post Football | Cliff Avril E4 Dec 13, 2022

In today’s episode, Rich is joined by 10-year NFL Veteran & Super Bowl Champion, Cliff Avril. They dive into Cliff’s background and what it was like for him growing up in Jacksonville with his Haitian roots. Cliff talks about his time playing at Purdue, his years in the NFL, and he shares his experience of winning Super Bowl XLVIII with the Seattle Seahawks.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

Why Partnerships Break Up | E3 Dec 13, 2022

In this episode, Rich discusses why partnerships break up - the good, the bad, and the ugly. He talks about the recent break up with his two partners and the lessons he’s learned from that experience. Rich dives into the first few deals they did together, and shares what worked & didn’t work.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

"There's No Successful Real Estate Investor That Would Ever Tell Someone Not to Become a Real Estate Investor" | Tarek El Moussa E2 Dec 13, 2022

Tarek El Moussa is a real estate investor and television personality, who you might recognize from co-hosting HGTV’s Flip or Flop. In today’s episode, Tarek sits down with Rich and talks about how he got his start in real estate and the hurdles he’s faced along the way. He opens up about hitting “rock-bottom” multiple times in life and battling cancer twice. Tarek shares the story of how he met his wife, Heather, and his goals for the future.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

You Are the Sum of the People You Hang Out With | E1 Dec 11, 2022

In this first intro episode, Rich talks about why he started the podcast, what you can expect on the show, a little bit about himself & how he got started in real estate investing. He also shares one of his biggest takeaways he’s learned that’s helped him grow in both his personal life and in business.

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Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.
Looking to elevate your personal brand to the next level? Join The 7 Figure Creator Mastermind Community. Book your free intro call today at www.the7figurecreator.com and discover the strategies that will transform your success.
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Looking for STR/Boutique Hotel Management? Schedule a free consultation at www.excelsiorstays.com/management.

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