The Rich Somers Report
Rich Somers
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
Episodes
Mentioned books
12 snips
Nov 22, 2025 • 36min
The Boutique Hotel Blueprint: Scale Faster Than Airbnb Ever Could | E427
In this engaging conversation, George Acheampong and Carter Cofield delve into the world of boutique hotel investing. Rich Somers shares his journey from air traffic controller to owning a thriving hotel portfolio, emphasizing innovative strategies like seller financing and AI-driven revenue management. They explore the rise of unique, design-centric accommodations over traditional rentals, the impact of retiring baby boomers selling their properties, and how influencer partnerships can boost marketing. This blueprint could reshape your understanding of hospitality investing!
Nov 20, 2025 • 1h
How the Wealthy Pay $0 Taxes (Legally) : Tax-Free Wealth Strategies | Carter Cofield & George Acheampong E426
Join tax strategist Carter Cofield, known for his innovative tax strategies, and wealth management expert George Acheampong, as they unravel how the wealthy can legally pay $0 in taxes. They delve into eye-opening tactics like self-rentals as a write-off, the 'buy-borrow-die' model for tax-free wealth access, and strategies that allow rental properties to offset W-2 income. Discover the benefits of hiring your kids, trust distinctions, and how to use short-term rentals for maximum tax efficiency. Transform your understanding of wealth-building!
Nov 18, 2025 • 37min
How to Write Off Bitcoin — 100% Legally | Colin Yurcisin E425
Colin Yerkeson, a Bitcoin miner and entrepreneur, shares insider tips on legally writing off taxes using Bitcoin mining. He reveals how miners can take advantage of 100% bonus depreciation to offset ordinary income and discusses the booming profitability driven by data-center scarcity. Colin also highlights the risks of altcoins and past crypto failures, urging caution and a focus on Bitcoin as a stable investment. His journey from a hefty tax bill to discovering powerful tax strategies is both eye-opening and actionable for entrepreneurs!
11 snips
Nov 15, 2025 • 1h 11min
How to Buy Real Estate with $0 - Pace Morby's Exact Playbook | E424
Pace Morby, a creative finance expert and real estate investor, shares his remarkable journey of scaling his portfolio to nearly $450 million using innovative strategies like seller financing and subject-to deals. He reveals how to tap into motivated sellers and expired listings with minimal cash, and discusses the advantages of investing in boutique hotels and RV parks. Pace also highlights common mistakes that new investors make and offers his playbook for securing high-value assets while minimizing risk. This conversation is a treasure trove for aspiring real estate moguls!
Nov 13, 2025 • 51min
ADU Investing 101: What No One Tells You | Andrew Greer E423
In this conversation, real estate developer Andrew Greer shares his expertise on accessory dwelling units (ADUs) and their potential for profitability. He explains how to identify real ADU opportunities amid market oversaturation and discusses the benefits of the new AB 1033 law allowing backyard sales. Greer reveals the rapid construction timeline of prefab ADUs and the cost savings they offer. He emphasizes the importance of thoughtful unit design, optimal parking, and the risks of cutting corners in development. This talk is a must-listen for aspiring ADU investors!
32 snips
Nov 11, 2025 • 1h
The Mental Game of Wealth No One Talks About: Mindset Coach | Jason Drees E422
Jason Drees, a mindset coach for elite entrepreneurs and real estate investors, shares invaluable insights on reshaping your mental barriers to success. He discusses the power of overcoming fear, understanding alignment, and the importance of radical goals for growth. Jason emphasizes that true wealth begins in your mind and elaborates on tools for rewiring limiting beliefs. He also touches on handling judgment, the need for action over perfection, and how to find satisfaction without losing your drive. It's a masterclass for anyone looking to elevate their entrepreneurial mindset!
6 snips
Nov 8, 2025 • 6min
The Truth About Money, Masculinity, and Being a Provider | Albert Preciado E421
Albert Preciado, an entrepreneur and commentator, dives into the dynamics of money and masculinity. He challenges the norms around dating expenses, arguing that splitting bills reveals a scarcity mindset. Albert shares a pivotal moment with friend Bradley that reshaped his views on financial responsibility. The conversation explores how taking on the provider role can spur personal growth and shift perspectives on money management within relationships. With insights on the importance of surrounding yourself with success, this discussion encourages men to embrace their roles as leaders.
Nov 7, 2025 • 53min
Why the Average American is One Paycheck From Disaster : Economy Forecast 2026 | Kenny Simpson E420
Kenny Simpson, a capital markets and lending expert, discusses the precarious state of the American economy and why many are just one financial hiccup away from disaster. He dives into the implications of record-high credit card debt, the fragile job market, and rising car repossessions as signs of looming economic trouble. As savvy investors prepare for a potential buying window in 2026, Kenny shares strategies on navigating a high-rate, low-liquidity landscape and the impact of Fed policies on consumer behavior and real estate markets.
Nov 4, 2025 • 41min
The Truth About Botox, Fat Loss & Alcohol Recovery — Straight from a Doctor | Dr. Reza E419
Dr. Reza Tirgari, a cosmetic surgeon and founder of Avalon Laser, joins to reveal the truth behind today's anti-aging trends. Discover why Botox isn't just for women and how NAD and glutathione can combat cellular aging. He shares insights on effective hangover recovery with his After Party drink and discusses the impact of modern lifestyles on health. From fat loss shortcuts to the unexpected benefits of creatine, Dr. Reza provides a science-backed roadmap for feeling and looking your best.
Nov 1, 2025 • 47min
Tulum Retreat 2025: Real Estate Strategy From the World’s Largest Man Cave Developer | Ryan Garland E418
Ryan Garland, founder and chairman of a private equity firm specializing in hospitality and unique real estate, shares his journey from the 2008 crash to managing nearly $1B in assets. He emphasizes that capital raising hinges on trust and connection rather than mere tactics. Personal storytelling is key to engaging investors. Unlocking investor psychology and using transparency, like live site cameras, can ease anxieties. Ryan also discusses effective marketing, branding strategies, and the importance of assembling a solid institutional team for success.
