The Rich Somers Report

Rich sits down with Brittany Arnason - commercial real estate investor, real estate educator, and social media icon. Brittany, better known online as InvestorGirlBritt, has been part of over $80M in real estate transactions, including single family homes, new construction, short term rentals, apartment buildings, boutique hotels, and self-storage facilities.Rich and Britt start off by discussing the meetup they hosted in Miami during the Thanksgiving break, how Britt got to where she is today, Britt’s Boutique Hotel in Belize, how Britt got into self-storage and her role in it today, the benefits of partnering, recent incidents that happened on Rich’s and Britt’s properties, being okay with working with the unknown, and what Britt and Rich’s goals were when they started being in real estate.  They then reflect on growing as an entrepreneur, creating content and credibility, the benefits of social media content and building trust, upgrading to multi-family complexes, and breaking out of your comfort zone and taking risks.Lastly, Rich and Britt talk about Britt’s Boutique Hotel in Belize, promoting financial freedom, how Britt learned to renovate homes, Canadian real estate, utilizing a macro-perspective, masterminds and getting to know others in the real estate space, when to hire new employees, the scarcity vs abundance mindset, the benefits of investing in real estate, who inspires Britt as an entrepreneur, what a fitness journey looks like, the life expectancy of men, 5-year-goals, Van life, flying first class, valuing time as a high income earner, branding as an entrepreneur, and what Britt’s plans are for the holiday break. Connect with Britt on Instagram: @investorgirlbrittJoin 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.

Rich sits down with Seth Struiksma - real estate agent, realtor, developer, DJ, and investor. Seth has sold more than $100 Million in real estate sales and, in 2021, formed the San Diego-based real estate company, “The One Group.”Rich and Seth start off by discussing how Seth got into the real estate space, why Seth created The One Group, what’s in store for Seth moving forward, opportunity zones, what makes Seth’s team successful, how to inspire others, the high interest environment, and how the market is affecting real estate agents today.They then reflect on the benefits and opportunities to buying in San Diego, Seth’s current deals, the benefits of ADUs, why real estate agents don’t invest in real estate, and marrying for bonus depreciation.Lastly, Rich and Seth talk about the new 5% down Fannie Mae loan, the benefits of hard money loans, the international interest rate environment, building communities, and what Seth recommends doing when starting out in the industry.Connect with Seth on Instagram: @seth_struiksmaJoin 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.

Everyone Has a Different RE Strategy, Who Can You Trust? | Saturday Edition E114On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex reflect on the thanksgiving break and everything happening with Somers Capital this last week. They then analyze an Instagram post made by Richard Garcia that states every entrepreneur has their own opinions and personal strategy and share their own thoughts.If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!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.

Rich sits down with Dan Martell - a WSJ best-selling author, serial entrepreneur, investor, and growth coach. Dan is the mastermind behind several successful companies, such as Clarity.fm, and Flowtown. He is also an angel investor with a diverse portfolio that includes companies like Intercom, Udemy, and Unbounce.Rich and Dan start off by discussing how they got connected, Dan’s jet and how to hire a pilot, the lack of tax benefits in Canada, connecting with Kent Clothier, Dan’s background and how he got into making content, where Dan sees the most opportunity for every day individuals, looking at trends in the market, the value of sales as a skillset, and the feedback loop.They also reflect on public speaking and an author’s expertise, Joe Rogan and being passionate about what we are interested in, the highest gross margins in the tech industry, Grant Cardone and 10x Ventures, the ability to produce returns in capital, the benefits of reputation and being on social media, and Alex Hormozi and Warren Buffett.Lastly, Rich and Dan talk about the skillset required of being a business owner, the value add components of buying companies, willingness to pay and changing pricing, what customers value, the due diligence period, the Winklevoss twins, the benefits of taking a company public, the success of Amazon as a company, Mr. Beast, the value of writing a book, and what makes an entrepreneur successful. Connect with Dan on Instagram: @danmartellJoin 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.

Rich sits down with Richard Zavlyanov - a Real Estate Developer, Investor, and Head of Development at Diamond Dev Group. Richard has a degree in business administration from Queens borough community college and continuing education of Real Estate Development from Baruch college. He’s worked closely with developers such as Bizzi & Partners Development, Extell development, Aronov development and lastly AFI USA.Rich and Richard start off by discussing how they met Terry Harris, what Richard currently does in the multi-family and condo spaces in NYC, the permitting processes in New York and California, Affordability housing in New York,  multi-family cap-rates, the current rate environment, and hyper-depreciation.They also reflect on the current pricing of condos, Richard’s current exit strategies, tax abatements and refinancing, rent control, the 421a tax abatement, tax freezes, and builder incentives in New York.Lastly, Rich and Richard talk about the biggest real estate challenges Richard is currently facing, where Richard is sourcing his investor capital, the importance of reputation, the best deals Richard has ever done, forcing appreciation, how to get into real estate, the price-per-unit payout for Richard’s buildout, and what Richard would recommend doing when getting into real estate.Connect with Richard on Instagram: @richiezavJoin 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 "Saturday Edition" episode, Rich is joined by co-host Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber, to answer the top question of the week that was sent in by our listeners. Rich and Karlton reflect on how to save on income taxes this year and fully analyze what cost segregation studies actually are. They also discuss the 14 day rule, the 7-7-1 strategy, grouping elections, the personal use test, and how to utilize ADUs. 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 Karlton on Instagram: @karltondennisJoin 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.

Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers. They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars. Connect with Karlton on Instagram: @karltondennisJoin 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.

Today, join Rich as he guests on The Hunt For Incredible Podcast hosted by Gideon Spencer, where they discuss how Rich got into the real estate investing space, why the 401k is a flawed system, the difference between small and big deals, masterminds, building podcasts, and Rich’s market forecast.  They also analyze the biggest transfer of wealth in US history, boutique hotels, how Rich effectively builds his teams, the benefits of creating content for social media, creating authentic connections through podcasting, falling in love with creating content, effective time management, being direct with others, and surrounding yourself with others of value.Connect with Gideon on Instagram: @gideonspencer_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.

On today's "Saturday Edition" episode, Rich is joined by co-host Gideon Spencer - Entrepreneur, Host of "The Hunt for Incredible" podcast, and Boutique Hotel Investor,  to answer the top question of the week that was sent in by our listeners. Rich and Gideon reflect on the recently announced 5% down Fannie Mae payment option for multi-family homes and the opportunities it creates. They also discuss different options to raise the capital for these opportunities and the logistics to qualify for this loan.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 Gideon on Instagram: @gideonspencer_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.

Rich sits down with Ivan Flores - Restaurant Entrepreneur, Podcast Host, and CEO & Founder of Encinal Brands, home to several Mexican franchise restaurants including The Buffalo Spot, Blue Burro, and Taco Masa. Ivan grew up in Tijuana, Mexico and in 2013, he opened his first restaurant in Long Beach, California. Encinal Brands now has more than 50 restaurants across the United States and is on track to open 150 more in the next 5 years.Rich and Ivan start off by analyzing what the drug dealing and smuggling space looked like during Ivan’s childhood in Tijuana. Rich and Ivan then discuss how Ivan got into the restaurant industry, the adrenaline working in a restaurant induces, Ivan’s key to successfully starting a restaurant, how to delight guests during their experience, following the In-N-Out model, soft launching restaurants and businesses, the success that social media creates, how important location is to opening a restaurant, Limited Time Offers (LTOs), the most profitable food at a restaurant, and the timeline to accessing a liquor license.They also reflect on the restaurant franchise model, ensuring franchisees reach success, how the Chick-fil-a model of franchising works, the cost of opening a new location, the typical gross revenue for a restaurant, what could go wrong with the franchise model, the biggest marketing lever for restaurants, how uber eats can be a marketing tool, and the minimum wage in California.Lastly, Rich and Ivan talk about consumer being less price sensitive towards food, the current market slowdowns in the restaurant industry,  why Ivan and Rich invest their time in social media, the value of mentorship in the real estate and restaurant industry, the type of person that should open a restaurant, and what Ivan recommends doing in order to start a franchise.Connect with Ivan on Instagram: @mr.ivanflores 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.