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The Rich Somers Report

Latest episodes

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Dec 21, 2024 • 19min

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

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.--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 19, 2024 • 15min

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

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.--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 17, 2024 • 1h 13min

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

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.--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 14, 2024 • 11min

This is the Worst Real Estate Investment You Can Possibly Make | Mikey Taylor E281

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..--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 12, 2024 • 37min

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

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.--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 10, 2024 • 1h 1min

This Could be the Best Real Estate Play in 2025 | Kevin Trinh E279

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.--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 7, 2024 • 21min

What Rich People Know About 401k’s That You Don’t | Kassidy Warren Saturday Edition E278

Tired of following the traditional 401(k) path? In this episode, Rich Somers and Cassidy Warren break down why the 401(k) might not be the best investment vehicle for building wealth and how the system benefits Wall Street more than it does the average American.They challenge conventional wisdom on retirement savings and explain why investing in real estate or leveraging your money in other ways can lead to far greater returns. Rich and Cassidy share their personal experiences, revealing how pulling money out of a 401(k) and investing in real estate helped them build wealth faster than sticking to traditional retirement plans.Learn how the 401(k) system works against you and why you might be better off taking control of your own investments. This episode will change the way you think about your retirement, and provide the insight you need to start creating long-term wealth on your own terms.Don’t wait until you’re 59 ½ to see the full benefits. Find out how you can make your money work harder for you now!--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 5, 2024 • 1h 5min

The Truth About ADHD, Anxiety Disorder, Alcohol Use & Mental Health | Dr. Dan Sullivan E277

Struggling with ADHD, anxiety, or mental health challenges? Dr. Dan Sullivan, a leading expert in mental wellness, joins Rich Somers to break down the truth about these often misunderstood conditions and share actionable strategies to take control of your mental health.In this episode, Dr. Sullivan reveals how ADHD and anxiety often go undiagnosed, and why the foundation of your health—from gut function to nutrient deficiencies—can significantly impact your mental well-being. He discusses the key lifestyle changes that can improve focus and emotional stability, from managing blood sugar to optimizing your sleep. Dr. Sullivan explains why mental health is not just about medication, but a holistic approach that includes diet, exercise, and emotional support.Rich Somers emphasizes how understanding these foundational elements can empower you to make better business decisions, improve your relationships, and ultimately, build a healthier mindset.This episode will arm you with practical steps to better manage your mental health, enhance focus, and unlock new levels of success in all areas of life.--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 3, 2024 • 1h 31min

How to Attract & Become a Higher Status Partner | Garin & Yesi E276

Want to attract a higher-status partner and level up your relationships? In this episode, Rich Somers sits down with Garin and Yesi to uncover the mindset and strategies that help you become the type of person who naturally attracts the best partners—whether in business or life.They dive deep into why working on yourself first is key, explaining how understanding your values, creating non-negotiables, and gaining clarity on what you want sets the foundation for long-lasting, fulfilling partnerships. They share how taking time for self-growth before entering relationships leads to more authentic connections and avoids repeating past cycles.Garin and Yesi also discuss the importance of energy, respect, and communication in relationships, emphasizing that it’s not just about physical attraction but the shared values and mutual respect that make a partnership thrive. They dive into their own personal journey, revealing how doing the internal work attracts higher-status individuals who match their energy.If you're looking to elevate your relationship game, this episode provides powerful insights on becoming the person who attracts the highest quality connections—whether for love or business.--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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Nov 30, 2024 • 30min

11 Life Secrets That Will Help You Become Successful | Kassidy Warren Saturday Edition E275

Own real estate and ready to buy your first boutique hotel? Let’s talk—get on a call and start your journey before the year ends: www.hotelinvesting.com.Want to unlock the 11 life secrets that can fast-track your success? Kassidy Warren joins Rich Somers to dive deep into mindset shifts and strategies that set successful entrepreneurs apart. From overcoming fear of failure to taking action and making bold decisions, these life-changing secrets will help you level up in your business and personal life.Kassidy reveals why getting uncomfortable is essential for growth, how focusing on action over perfection is key, and how surrounding yourself with smarter people can accelerate your progress. He emphasizes that success is about taking risks, being resilient, and making decisions quickly.If you're looking for ways to elevate your life and business, including building a profitable real estate portfolio, Kassidy shares essential advice on how to approach hotel investing and how taking calculated risks can unlock wealth-building opportunities.  --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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