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The Rich Somers Report

Latest episodes

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Aug 15, 2023 • 40min

Leaving Your 9-5 to go "all-in" on the Short-Term Rental Game | Patryk Swietek E74

Rich sits down with Patryk Swietek, a 26-year-old serial entrepreneur who started his first company at 14 years old making $40,000/year. He currently owns 6 properties and manages 20 for others in the Joshua Tree area. He’s become a thought leader in the STR space by putting on industry conferences, monthly meetups and a Facebook community of investors called STR Nation. He’s passionate about teaching other young people stuck in the 9-5 how to become financially free through short-term rental investing. Rich and Patryk discuss Patryk's earliest entrepreneurial inspiration, his college experience, and how to successfully scale short-term rentals. They also talk about Patryk's properties in Joshua Tree, following their passions when starting to invest, and building a real estate portfolio using property management companies.Connect with Patryk on Instagram: @patryk_swietek--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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Aug 10, 2023 • 38min

He Left Pro Basketball to Develop Luxury Homes and Apartment Buildings | Terry Harris E73

Rich sits down for an interview with Terry Harris – Former G-League NBA Player for the Delaware Blue Coats. His brother, Tobias Harris, is an NBA Pro player for the Philadelphia 76ers. At age 27, Terry is now the CEO of CSH Real Estate Corp, investing in luxury homes and apartment buildings in Joshua Tree and Los Angeles. He was first introduced into the world of real estate when he bought a home during his time in the G-League for $175,000, FHA 3% down, and selling it a year later for $320,000. Rich and Terry dive into all things NBA, Terry’s history with the G-League, and Terry’s vision for his luxury homes and apartment complexes. They also talk about the wholesale process, learning from their mistakes, and the best ways to connect with property managers, contractors and architects.Connect with Terry on Instagram: @terryharris15--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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Aug 8, 2023 • 1h 6min

He Makes $175K/month in Passive Income & Why Social Media is Changing the Real Estate Game | Blake Rocha E72

On today’s episode Rich sits down with Blake Rocha – a reformed stock trader turned content creator to now Airbnb investor and coach. He’s the founder of BNB Profits Program and multiple other 7 figure businesses. He thrives on helping people dream bigger, create their own future, all while accumulating assets that cash flow. Rich and Blake discuss what it means to be 26 years old in the investing community, successful ways for entrepreneurs to build their social media platforms, and winning in a saturated market. They also dive into developing a healthy work mindset, investing in Airbnbs, and working in this business with family.Connect with Blake on Instagram: @mrfourtoeight--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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Aug 3, 2023 • 54min

He Helps Entrepreneurs and Investors Maximize Their Performance, Longevity, and Quality of Life | Ryan Kennedy E71

On today’s episode Rich sits down with Ryan Kennedy – a Functional Medicine Practitioner, Traditional Naturopath, and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He hosts The Ryan Kennedy Show, a podcast that brings cutting edge information on health, fitness & functional medicine to improve his audience’s wellbeing in all areas of life.  Rich and Ryan discuss tips on how to sleep better, how to activate sensible sun exposure, and what healthy testosterone levels look like. They also dive into which meal subscriptions are the best, reducing screen time, and Rich tries Kratom, a natural herbal medicine, for the first time.Connect with Ryan on Instagram: @ryanckennedy--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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Aug 1, 2023 • 54min

Real Estate Tax Strategies Exposed | Ryan Bakke E70

On today’s episode, Rich sits down for an interview with Ryan Bakke – Real Estate Investor and CPA for over 200 Real Estate Investors. Ryan has a background in Accounting and Finance and previously worked at Deloitte for two years. Through his education business @LearnLikeACPA, he has educated thousands of investors on different ways that they can become tax smart. Ryan's investment portfolio consists of small multifamily, short-term rentals, campgrounds & RV parks. Rich and Ryan dive into all things RV Parks, Ryan’s history in accounting and as a CPA, and the importance of delegating tasks to reach your "Genius Zone".  They also talk about recent updates to investing, potential bonus depreciations, rate hikes, and why a 401k can only get you so far.Connect with Ryan on Instagram: @learnlikeacpa--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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Jul 27, 2023 • 36min

He was on Season 16 of The Bachelorette and Now He’s Changing the Solar Energy Game | Chasen Nick E69

On today’s episode, Rich sits down with special guest and local San Diego resident, Chasen Nick. Chasen grew up in the Bay Area, was a D1 swimmer in college, and then ultimately ended up in San Diego where he worked in the recruitment industry for 9+ years. After hitting a ceiling in his 9-5 during Covid, he was asked to be a contestant on The Bachelorette. After his time on the show, he’s transitioned into solar energy, and now he’s focused on leveraging his network to build a referral partnership across different verticals. Rich and Chasen talk about his experience on The Bachelorette, what the casting process was like, and his key takeaways from being on a reality show. They dive into what his life looks like now, the process of building his book of business in the solar industry, and the importance of your network building into the future. Connect with Chasen on Instagram: @chasennick--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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Jul 25, 2023 • 47min

The “King of Debt” Exposes Credit Hacks to Grow Your Business or Real Estate Portfolio | Jack McColl E68

In today’s episode, Rich sits down for an interview with Jack McColl, the “King of Debt” – Jack, the founder of Credit Stacking, scaled from zero business credit to $500k in approved credit in just over 1 year, which he’s used to fund a variety of new businesses and investments. He now teaches his unique framework to over 2,000 entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital so they can start a business, scale a business, or finance any type of investment. He shows others how to optimize their credit profile and make themselves look attractive to lenders without showing any financials, including tax returns, bank statements, or verified income. Rich and Jack dive into exactly what the underwriters are looking for, the importance of bank relationships, and tips for building those relationships. They discuss the specific banks you want to prioritize building a relationship with, which credit card companies are the easiest to get funding from, and a few major hacks for transferring your limits on 0% credit cards. Jack shares a few key tips for luxury travel using points, and leaves the listeners with some tangible strategies for optimizing their personal credit profile. Book a call: https://go.creditstacking.com/scheduleConnect with Jack on Instagram: @kingofdebt--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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Jul 20, 2023 • 46min

He Founded an Exotic Car Community That’s Changing the Way Business and Networking is Done | Clement Connor E67

On today’s episode, Rich sits down for an interview with Clement Connor – CEO & Founder of Fast Lane Drive, an exclusive exotic car club with locations in Los Angeles, San Diego, Scottsdale, Las Vegas, Miami, Austin, Monaco, and Washington DC. They’ve cultivated a community of individuals who love driving their cars, meeting like-minded enthusiasts, and giving back to their community. Clement is also the COO and Co-Founder of Smartboost, a San Diego-based marketing agency specializing in AI-powered marketing strategies. Rich and Clem dive into the history of the car club, how the idea came to fruition, and the 3 major requirements to be considered for the club: 1.) Be a good human being. 2.) Be respectful to women. 3.) Make it a priority to give back. They also talk about his marketing company, Smartboost, and the importance of having multiple different businesses that connect full-circle. Connect with Clement on Instagram: @clemcnr--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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Jul 18, 2023 • 38min

How He Scaled to Over 70 STR Listings in Just 4 Years | Rafa Loza E66

On today’s episode Rich sits down with Rafa Loza – short-term rental & boutique hotel investor, who’s made his mark in the hospitality and short-term rental industry over the past six years. Originally leveraging an arbitrage model, Rafa seamlessly transitioned into boutique hotel operations, his entrepreneurial spirit fueling his growth. He now owns and operates a large-scale hospitality brand, managing over 72 short-term rentals and a boutique hotel, with his portfolio growing month after month. Rich and Rafa discuss the business plan for his boutique hotel, different lending options, how he found investors for that deal, and a breakdown of the renovation package. They dive into how Rafa got into real estate investing, an overview of the structure of his team, and some tips for new investors looking to get into the game. Connect with Rafa on Instagram: @itsrafaloza--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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Jul 13, 2023 • 45min

Where Interest Rates Are Headed & Lending Market Update | Jonathan Yoo and Dustin Rosenberg E65

On today’s episode, Rich sits down for a conversation with Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans. They do a deep dive into what’s going on in the market and the current interest rate environment. They discuss unemployment numbers & large company layoffs, tips for investors looking to get a DSCR loan, and some insight on how to make your appraisal process go smoothly. They also talk about different lending options for ADU’s, Rich’s “3 Immutable Laws of Real Estate Investing”, and where they predict things will settle down in Q3 & Q4.Dustin and Jonathan are the owners of Convoy Home Loans, the #5 ranked broker for Non Qm in the nation and #6 overall volume broker in the nation. When they started Convoy, they made it a purpose to have programs that catered to investors and clients of higher net worth. They grew their brokerage in the last 2.5 years and have funded over $1 billion in loans as a team. Dustin and Jonathan are the company’s owners but also the top producers. Their goal this year is to expand the company further and take advantage of the slower market by capturing as much market share as possible. They're passionate about helping investors grow their portfolios using creative financing options.Connect with Jonathan & Dustin on Instagram: @convoy_homeloans --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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