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The Rich Somers Report

Latest episodes

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Jan 14, 2025 • 49min

He’s Built a $400M Real Estate Portfolio Utilizing No Money Down, and No Credit | Pace Morby E294

What if you could build wealth through real estate with little to no money down? In this episode, Rich Somers sits down with Pace Morby at the TR Wealth Conference in Nashville to explore the art of creative financing. From seller financing to subject-to deals and targeting expired listings, Pace reveals how he’s acquired over 2,000 doors and built a thriving real estate empire without relying on traditional methods.The conversation goes beyond strategies, diving into the importance of authentic branding and building loyal communities. Pace shares his approach to creating impactful relationships through his meetups and his 150,000-member Facebook group, where students learn by helping others close their first deals. Together, Rich and Pace discuss leveraging social media platforms for different audiences, staying genuine in a world of “flashy” success, and why being yourself is the ultimate business strategy.If you’re looking to grow your portfolio, tap into the biggest transfer of wealth in American history, or learn how to creatively fund your next deal, this episode is packed with actionable insights and inspiration to help you succeed.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Jan 11, 2025 • 18min

What Are You Going To Say No To This Year? | Alex Johnson Saturday Edition E293

What does it take to stay laser-focused and eliminate distractions in the new year? In this episode, Rich Somers and Alex Johnson kick off 2025 by reflecting on the power of intentional decision-making. They discuss the importance of setting boundaries, aligning with your goals, and saying "no" to the things that no longer serve you—whether in business, relationships, or personal habits.Rich shares his commitment to disciplined routines, including his 90-day no-alcohol challenge, early mornings in the gym, and strategies for scaling his hotel investment fund. Alex opens up about her approach to creating alignment in life and work, choosing meaningful priorities, and breaking free from distractions.Whether you’re building a business, refining your habits, or rethinking your goals, this episode is packed with actionable insights to help you focus, grow, and make 2025 your best year yet.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Jan 9, 2025 • 49min

Why this Real Estate Market is Exploding South of the Border | Blake Harrington E292

Is Cabo San Lucas the next big destination for luxury real estate? In this episode, Rich Somers sits down with Blake Harrington, owner of Corcoran Baja Real Estate, to explore why this market is booming. Blake shares insights on Cabo’s unmatched lifestyle appeal, from its quick connectivity to the U.S. to its world-class amenities, luxury developments, and stunning natural beauty.Rich and Blake dive into the challenges and opportunities of investing in Cabo, including the all-cash market, the evolving buyer demographic, and how developers are redefining the region with high-end projects. They also discuss the importance of community, local culture, and why Cabo is becoming a mainstay for high-net-worth individuals seeking second, third, or even fourth homes.Whether you’re a seasoned investor or just curious about the hottest spots south of the border, this episode delivers the inside scoop on why Cabo San Lucas is trending as a premier destination for luxury living and smart investments.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Jan 7, 2025 • 16min

Live at our Holiday Party with the Ying Yang Twins | Ying Yang Twins E291

How do you stay relevant, authentic, and thriving in a constantly evolving music industry? Recorded live at the Somers Capital 2024 Black Tie Holiday Event, this episode features a high-energy conversation with the legendary Ying Yang Twins, D-Rock and Kaine. Rich Somers dives into their incredible journey, from hustling in the pre-internet days to collaborating with icons like Lil Jon and Britney Spears.The Twins share their story of grinding on the streets, building their fanbase one person at a time, and staying true to their roots. They reflect on the pivotal moments that shaped their careers, the power of live shows in an artist’s success, and their unfiltered take on today’s music industry.Whether you're an entrepreneur, creative, or fan of their music, this episode offers valuable lessons on resilience, authenticity, and what it takes to sustain a legacy.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Jan 4, 2025 • 8min

Put Yourself in Situations Where the Hard Way is the Only Way | Tyler Deveraux Saturday Edition E290

What does it take to embrace challenges and unlock your full potential? In this episode, Rich Somers and Tyler Deveraux dive into the mindset and strategies that lead to exponential growth in life and business. Tyler shares how he’s built a thriving real estate portfolio by making bold decisions, overcoming doubts, and leaning into hard situations that forced him to level up.Tyler and Rich offer actionable insights on the power of quick decision-making, setting non-negotiable goals, and putting yourself in environments that demand excellence. From navigating partnerships to scaling value-add opportunities, this conversation is packed with strategies for anyone ready to step up and take control of their future.Whether you’re just getting started or scaling your investments, this episode delivers real talk and practical takeaways to help you thrive in the face of challenges.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Jan 2, 2025 • 1h 1min

How He’s Built a $4 Billion Real Estate Portfolio Using the 10X Strategy | Grant Cardone E289

What does it take to scale a $4 billion real estate portfolio? Grant Cardone reveals his 10x strategy and the mindset that has propelled him to the top of the real estate investing world. From acquiring $3 billion worth of assets during the pandemic to leveraging debt as a tool for growth, Grant breaks down the exact moves that helped him achieve monumental success.In this episode, Rich Somers dives deep with Grant to uncover how he navigates high-interest rate environments, identifies institutional-grade opportunities, and builds long-term wealth through strategic acquisitions. Grant also shares his no-BS take on inflation, the importance of controlling assets, and why now is the perfect time to capitalize on market uncertainty.Whether you’re an aspiring investor or a seasoned pro, this episode is packed with actionable insights, mindset shifts, and powerful strategies to help you think bigger and achieve more.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Dec 31, 2024 • 44min

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

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.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Dec 28, 2024 • 27min

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

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.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Dec 26, 2024 • 1h 21min

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

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.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.
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Dec 24, 2024 • 58min

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

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.--Ready to build your boutique hotel portfolio and take your investing to the next level? Unlock our proven system by joining the Boutique Hotel Mastermind Community. Reserve your spot for a free consultation today: 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.Want to invest with Somers Capital and take advantage of high-performing boutique hotel opportunities? Learn more about how to get involved: www.somerscapital.com/invest. Need expert management for your short-term rentals or boutique hotel? Experience unmatched service by scheduling a free consultation with Excelsior Stays today: www.excelsiorstays.com/management.

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