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!--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.

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: @christianosgoodInterested 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--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.

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: @GrantCardoneConnect with Mike Tighe on Instagram: @miketighe_Connect with Shawn diMartile on Instagram: @shawn_dimartileVisit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals--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.

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

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: @djyoungpbVisit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals--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.

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.comConnect with Ryan: www.linkedin.com/in/ryancarriere--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.

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

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.comVisit --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.

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--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.

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--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.