The Rich Somers Report

On today’s episode, Rich sits down with Breanna Fleschner – also known as the Dream House Girl. She's not just a real estate investor, entrepreneur, and property manager, but also a savvy STR interior designer. Bre is the visionary behind the Dream House Vacation Rental Brand, driven by her lifelong love for travel and hospitality. With a focus on high-travel destinations across the US, Bre's mission is clear: to curate a collection of themed instagramable properties tailored to women. Each stay guarantees unforgettable experiences and top-notch service, establishing a trusted brand that women eagerly return to time and time again for a more secure cashflow investment. Bre not only is working on her short term rental portfolio, but using her key principal skill to partner on a retro summer vibe boutique hotel. Rich and Bre dig into Bre’s expertise in the real estate space, her goal of building up rental properties across the United States, and how she tailors her property designs to specifically target women in heavy travel destinations. Bre dives into the boutique hotel she’s partnering on, some of the value-add features she implements in her projects, what she was doing before she got into real estate investing and how she got to where she is today. They also discuss growing your business through social media, how she benefited from a piece of content that went viral for her very first property, a couple of SubTo hybrid deals she’s done with Pace Morby and the power of creative financing. Bre shares her experience and advice with the listeners out there looking to get their foot in the door with real estate investing. Connect with Bre on Instagram: @thedreamhousegirlJoin 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.

On today’s episode, Rich sits down with Brandon Novak – Professional Skateboarder, MTV celebrity, alumnus of the Jackass motion picture series, star of the CKY skateboard video series, and author of the best-selling memoir “Dreamseller.” Brandon gives back by helping people into treatment celebrating 9 years clean and nearly 6 years tobacco free. He relates to millions of people across the US; 1 in 4 to be exact, who are directly affected by addiction in their family. He travels the country as one of the most in-demand addiction keynote speakers, bringing awareness and education to high schools across the nation. Brandon has impacted hundreds of thousands of lives through his story of sobriety.Rich and Brandon start off by discussing Mikey Taylor and Brandon Turner (the skateboarder), the synchronicity of life events and meeting Tony Hawk, Bucky Lasek and growing up in Baltimore, skateboarding and high intensity workouts, Brandon’s journey into the Jackass movies, Brandon’s worst injury on set, and Brandon share’s an anecdote of stealing a doctor’s script. They then reflect on Brandon’s drug usage, Rich’s journey through a Xanax addiction, Benzo addictions, prescribing drugs to children, and muscle memory.Lastly, they talk about happiness in growth and progress, the covid pandemic, Brandon’s family history, the power of a smile, Brandon’s anecdote about an abandoned house, how the abnormal becomes the normal, their journey to sobriety, full circle moments, being the best version of ourselves, the confidence that sobriety creates, and realistic ways to become sober.Connect with Brandon on Instagram: @brandon__novakIf you or a loved one are suffering with addiction call or text Brandon at (610) 314-6747Join 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.

On today’s episode, Rich sits down with Thach Nguyen –  Entrepreneur, Founder of Thach Real Estate Group, Real Estate Broker, Investor, Developer. Thach is the CEO & Founder of Thach Real Estate Group, and principal of Springboard to Wealth. He’s a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300+ homes , townhouses, and multifamily units and completed over 100+ flips. Thach and his team have assisted more than 2,500+ families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.Rich and Thach start off by discussing  Thach’s experience in Newport Beach, Thach’s love for Seattle, Thach’s three person team, Thach’s childhood, how Thach went from a valet to a realtor, off market deals and rejections, Thach’s drive and his first deal, passive income, the pathway to $1 billion, and why people don’t get into real estate.They then reflect on deals on the west coast, Rich’s first property, being bullish on San Diego and Seattle, investing in the midwest, the first deal and excuses not to invest, the best asset class in real estate right now, and the ADU game.Lastly, they talk about townhomes in Seattle, Rich’s boutique hotel in San Diego, how to get started in real estate in 2024, licensing in San Diego, the new 1033 law in California, affordable housing in the US, renting vs living, cashflow and compounding appreciation, teaching kids the value of money, social media and content creation, short and long form content, when to start making content, the public school system, Thach’s cars, when to jump into real estate, and owning 5 rental properties.Connect with Thach on Instagram: @thachnguyenJoin 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.

In this episode, Rich shares his journey from air traffic controller to entrepreneur, highlighting the importance of hard work and perseverance. He discusses overcoming failures in real estate, the benefits of quitting alcohol for productivity, and the value of sacrifices for growth. Rich emphasizes setting goals and aligning actions, showcasing resilience and dedication in his career.

On today’s episode, Rich sits down with Kassidy Warren –  Real Estate Investor, Entrepreneur, Consultant and Former W2 Employee. Kassidy quit his job to turn to van life and consulting. In 2015, he started renting out his spare bedroom for $35/night and now has a $12 Million portfolio of properties across 5 states. He’s now a boutique hotel and short term rental investor.Rich and Kassidy start off by discussing their journey to sobriety, living up to our full potential, Kassidy’s biggest drivers of growth and fitness, daily routines and the first 2 things Rich does when he starts his day. They then reflect on Kassidy’s career path before real estate investing and how he got his start in real estate, Cashflow Quadrant, Rich’s experiences in Seattle, van life, Kassidy’s first property and the 20% rule, using real estate to buy more real estate, Rich’s advice for re-financing in the boutique hotel space, interest rates, and sunken costs on niche rentals.Lastly, they talk about forcing appreciation, Kassidy’s first boutique hotel deal in Solvang, Rich’s Boutique Hotel Mastermind, underwriting conservatively, why boutique hotels are the best play in the current real estate market, a new deal that Kassidy is planning to co-partner on, being the pioneer in underwriting, cap rates in the 2020s, 10 year hold periods, Kassidy’s experience in Rich’s mastermind, the law of the first deal, and where the growth happens.  Connect with Kassidy on Instagram: @qkassidywJoin 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.

On today’s episode, Rich sits down with Jason Drees –  Entrepreneur, Coach, Founder and CEO of Jason Drees Coaching, Author of “Do The Impossible,” Host of the podcast show “Do the Impossible.” In August of 2020, Jason Drees Coaching was just him. He had a 1 on 1 coaching business supporting people like Brandon Turner and countless other high net worth individuals around the world. Fast forward 4 months, Jason’s business grew revenue by 10x in 120 days. Fast forward a year, his business is on pace to 3x revenue from his all time high. His coaching company is now 30+ people, and he’s been featured on NBC, CBS, Fox, Bigger Pockets, Gobundance, and Better Life. Rich and Jason start off by discussing Rich’s new tattoo piece, why mindset is everything, why being successful can be lonely, the basic components of success, how to take action, Rich’s top 2 qualities he looks for in others, the dangers of partnerships, risk tolerance, being aligned with targets, why hard work doesn’t align with success, how to change core mindsets, Possible and Impossible targets, and making mistakes.They then reflect on choosing the right target, Rich’s next focus and being humble, creating alignment for yourself, outgrowing components of success, bad hires and why culture is the key to success, reframing mindsets, frameshifting and your future self.Lastly, they talk about identifying their future selves, 5 year goals, uncertainty and the unknown, feedback loops, finding clarity towards your passion, the phases of entrepreneurship, the right time to go all in, the love for the game, and Jason’s foundations to coaching.Connect with Jason on Instagram: @thejasondreesJoin 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.

On today’s episode, Rich sits down with Jake Rosenthal – Real Estate Investor, Entrepreneur, Founder of Pure Legacies, and Host of the “Life on Your Terms with Jake Rosenthal” podcast. While working full-time in tech sales, he built out a $10M real estate portfolio that enabled him to leave his W2 job at 30 years old. He owns a portfolio of luxury short term rentals in Saint Augustine, Florida, and the Pocono Mountains in Pennsylvania. In addition to real estate, Jake is now expanding his portfolio to include small businesses. Jake is also a “bitcoin bull” and continues to invest discretionary income into bitcoin, believing that it will continue to be of the best asset classes to invest in over the coming decades. Rich and Jake start off by discussing Jake’s background in real estate, Jake’s goal to franchise through gobundance, circuit training at gyms, price breakdowns of owning gyms, Jake’s goals with franchise gyms, and the best real estate locations in San Diego. They then reflect on how gyms have evolved, Jake’s experience with restoration companies, insurance companies, Jake’s start in tech sales, how Jake got his first million, and why Bitcoin is a great buy. Lastly, they talk about Jake’s fiancée, Jake’s real estate portfolio, Jake’s new podcast, leaving W2 jobs, and fitness routines.Connect with Jake on Instagram: @jake.r.rosenthalJoin 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.

On today’s episode, Rich sits down with Avery Carl – Real Estate Investor, Author of Amazon’s best-seller “Short Term Rental, Long Term Wealth,” Host of “The Short Term Show” Podcast, and CEO of The Short Term Shop. Avery’s company has connected investors with over 5,000 cash-flowing short-term rental properties since 2018. Avery went from a $37,000 salary to a real estate portfolio of over 220 doors in 5 years through strategically investing in short-term and vacation rentals. Rich and Avery start off by discussing connecting for the first time, transitioning neighborhoods and 1031 exchanges, how Avery met her husband, how she went from playing music in dive bars to investing in real estate, and why Avery and Rich stopped drinking.They then reflect on the opportunity for growth in San Diego, undesirable markets and cap rates, how Avery’s real estate strategy has shifted in the last few years, property damage and insurance claims, and the fundamentals of real estate.Lastly, they talk about pent up demand in the market, how to get into real estate investing, transitioning into boutique hotels, buying real estate with your partner, what Avery is looking forward to in 2024, and Avery’s advice for new investors. Connect with Avery on Instagram: @theshorttermshopJoin 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.

On today’s episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. She’s been featured on Money Magazine, Google, and Forbes.Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals,  international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you’re audited, and cost segregation studies. Lastly, they talk about down payments and roll overs, Amanda’s advice for Rich’s companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.Connect with Amanda on Instagram: @amanda_han_cpaJoin 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.

On today's episode, Rich and Alex discuss Rich’s reasons for not drinking anymore, the advantages of podcasting and meetups, why people are afraid to post content, and the 5 reasons why content is important. Lastly, Rich announces a new content mastermind, The 7 Figure Creator, starting in June!Visit the7figurecreator.com to book a free call with our team.Editor's note: Rich's reference was to  Episode 96 of the podcast - "How to start a meetup" 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.