The Rich Somers Report

Latest Episodes:

He’s an Up & Coming Pop Singer & Song Writer Who Shares His Journey | Blake Schmitz E288 Dec 31, 2024

Show notes

How does a small-town farm kid become a rising star in the music industry? At just 21 years old, Blake Schmitz is making waves as a pop singer-songwriter with 150,000 monthly listeners on Spotify. From balancing life as a farm manager in Minnesota to performing on stage, Blake shares how he’s blending two completely different worlds to pursue his passion.

In this episode, Rich Somers and Blake explore the grit behind building a personal brand, growing a fanbase with innovative advertising strategies, and creating a lasting connection with audiences. Blake reveals the power of independent artistry, his approach to producing and marketing his music, and how his farm life fuels his entrepreneurial mindset.

Whether you’re an aspiring musician or looking for inspiration to chase your dreams, this episode dives deep into the journey of turning passion into purpose.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

Connect with Rich on Instagram: @rich_somers

The Greatest Transfer of Wealth in American History is About to Go Down | Mikey Taylor E287 Dec 28, 2024

Show notes

The greatest wealth transfer in U.S. history is here, and Rich Somers is making bold moves to take full advantage. Joining Mikey Taylor’s podcast, Rich shares his game plan for navigating this unprecedented shift as 40 million baby boomers retire in the next seven years. With a quarter of boutique hotels owned by this generation, Rich explains why now is the perfect time to pivot into this lucrative niche.

In this episode, Rich breaks down his strategy of targeting underperforming boutique hotels, utilizing creative seller financing, and implementing lean operational models to maximize returns. He also explains why the tightening of Airbnb regulations is pushing demand back toward boutique hotels—and how he’s staying ahead of the curve by playing offense, even in uncertain times.

Whether you’re an investor or entrepreneur, this conversation is packed with insights on how to capitalize on shifting markets, embrace risk, and stay in the game while others sit on the sidelines.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

Why Real Estate is the Easiest Path For the Everyday Person to Become a Millionaire | Thach Nguyen E286 Dec 26, 2024

Show notes

What’s the simplest way for the average person to build lasting wealth? Real estate. In this episode, Rich Somers brings on Thach Nguyen, a real estate mogul who started with nothing—literally $100 and a suitcase—and built a billion-dollar portfolio. Thach shares his incredible journey, from knocking on 100 doors a day to investing strategically in high-appreciation markets.

Rich and Thach explore why real estate is the ultimate long game for creating financial freedom, highlighting the power of compound appreciation, tax benefits, and leverage. Thach breaks down his simple strategy of owning just five paid-off rentals to achieve lifelong wealth and how delayed gratification plays a pivotal role in success.

Whether you’re looking to get started or scale up, this episode delivers a masterclass in mindset, strategy, and actionable steps. If you’ve ever wondered if real estate could be your path to financial independence, this conversation will give you the blueprint.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

What it Takes to Truly Win as an up and coming Real Estate Investor | Gideon Spencer E285 Dec 24, 2024

Show notes

Are you ready to discover what it really takes to succeed as a real estate investor? In this episode, Rich Somers sits down with Gideon Spencer, an up-and-coming investor who transitioned from short-term rentals to owning a 24-room boutique hotel in California wine country. Gideon shares how stepping into rooms where his dreams were others' realities helped him scale quickly and avoid costly mistakes.

Rich and Gideon unpack strategies for time management, making decisive moves, and cutting out distractions to accelerate your growth. Gideon reveals his actionable 3-step approach to landing commercial real estate deals, while Rich emphasizes the power of speed, precision, and leveraging relationships to outperform the competition.

Whether you’re just starting out or looking to level up, this episode dives deep into the mindset, systems, and habits that separate those who merely dream from those who execute and win.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

Is This a Good Time to Buy Real Estate? | Tyler Deveraux Saturday Edition E284 Dec 21, 2024

Show notes

Is this the time to invest, or should you wait? Tyler Deveraux believes the next 3–6 months are critical for investors ready to capitalize on opportunities created by the biggest wealth transfer in history. He breaks down proven strategies like value-add boutique hotels, ADUs, and luxury short-term rentals—offering insights on how to unlock hidden potential in today’s market.

Rich Somers adds his own perspective, sharing how he turned a 401K into an $80M portfolio by mastering the art of raising and multiplying capital.
From bold decision-making to building a personal brand that attracts opportunities, Tyler and Rich uncover the mindset shifts essential for sustained growth—even in challenging times.

Packed with actionable strategies and inspiration, this episode equips you with the tools to stop waiting and start building the wealth you’ve been chasing.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

Figure Out The Life You Really Want, Then Say No To Everything That Isn’t That | Alex Johnson E283 Dec 19, 2024

Show notes

Ready to take control of your life and business? Rich Somers and Alex Johnson share how making intentional decisions and saying "no" to distractions can propel you to your biggest goals.

In this episode, Rich and Alex dive deep into the mindset of growth, sharing how saying no to the wrong things opens doors for the right opportunities. They discuss how identifying and eliminating bottlenecks—whether they’re personal habits, people, or projects—can unlock your true potential and accelerate your success.

From reflecting on their own experiences to offering practical advice, they challenge you to get clear on your life goals and take actionable steps toward making them a reality. Learn how focusing on what truly moves the needle will set you up for long-term growth and success in 2025.

If you’re ready to eliminate distractions, clarify your vision, and start making impactful moves, this episode is your roadmap to doing just that.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

How He Built a $40M Real Estate Portfolio by Age 27 | Blake Rocha E282 Dec 17, 2024

Show notes

Ready to build a multi-million-dollar real estate portfolio? Blake Rocha, who created a $40M portfolio by age 27, shares his journey of scaling short-term rentals and making bold investments that set him apart. From leveraging risk and consistency to mastering the mindset that drives long-term success, Blake reveals how he made his vision a reality—despite the challenges he faced along the way.

Blake also opens up about the importance of staying mentally and physically sharp, how strategic moves in multifamily investments fueled his growth, and the invaluable lessons he learned from his early deals. This episode isn’t just about real estate; it’s about how the right mindset can propel both financial and personal growth.

Whether you're just starting or scaling, tune in for actionable insights on how to navigate risk, make smarter investments, and achieve the success you’ve been chasing.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

This is the Worst Real Estate Investment You Can Possibly Make | Mikey Taylor E281 Dec 14, 2024

Show notes

Want to avoid one of the worst real estate mistakes you could make? In this episode, Rich Somers and Mikey Taylor on “Life with Mikey” dive deep into the biggest real estate blunders that could cost you big time. Mikey shares his journey, from navigating the complexities of high-stakes deals to realizing the importance of location and timing.

They break down the risks of overpaying in a hot market and why many investors, including top players, are finding themselves underwater due to aggressive strategies. Mikey explains how he shifted his approach to focus on value-add opportunities and buying underperforming assets at a discount, positioning himself for long-term success.

Learn the critical steps Mikey took to protect his investments and build wealth in a volatile market—plus, why having the right mindset and understanding the market fundamentals can set you up for success, even when things aren’t going your way.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

How He Escaped Near Death From Alcohol & The Biggest Life Hack Nobody Talks About | John Cleary E280 Dec 12, 2024

Show notes

What’s the biggest life hack that nobody talks about? John Cleary shares his incredible journey from battling alcohol addiction to discovering the life-changing power of sobriety—and how it unlocked his path to real success.

Having overcome multiple DUIs, jail time, and addiction, John now works with others to help them achieve long-term recovery and success. His journey of transformation will inspire anyone looking to break free from destructive habits and level up their life.

In this episode, John reveals the mindset shifts, daily actions, and key decisions that enabled him to reclaim control of his life. From the power of humility to the importance of small, daily actions, John shares the lessons that allowed him to rebuild his life from rock bottom.

This episode is for anyone struggling with addiction, personal setbacks, or simply looking for inspiration to make positive change. It’s a must-listen for anyone who’s ready to break free from limiting behaviors and step into their full potential.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

This Could be the Best Real Estate Play in 2025 | Kevin Trinh E279 Dec 10, 2024

Show notes

What if 2025 is the year you tap into one of the hottest real estate plays? In this episode, Kevin Trinh unveils why ADUs (Accessory Dwelling Units) are poised to skyrocket as a top investment strategy.

Kevin breaks down why ADUs are game-changers, especially in high-demand markets like San Diego. With zoning bonuses and the ability to force appreciation through development, the returns on ADUs can be massive. He shares his proven strategies for evaluating property potential, maximizing rental income, and navigating construction hurdles.

Rich Somers adds his perspective on how ADUs fit into long-term wealth-building and why they’re an essential strategy for real estate investors looking to capitalize on the market’s evolving landscape in 2025.

If you’re ready to unlock huge returns with ADU investments, this episode is your blueprint. Listen now to learn how to start building and scaling your real estate portfolio with ADUs.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

Connect with Rich on Instagram: @rich_somers

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