The Rich Somers Report cover image

The Rich Somers Report

Latest episodes

undefined
May 2, 2023 • 36min

Make More Cashflow with Less Headaches Using This Mid-Term Rental Strategy | Jesse Vasquez E44

In today’s episode, Rich sits down with Jesse Vasquez – mid-term rental mentor, investor, and host of the Mid-Term Rental Summit in San Diego. After 18 years in corporate sales training and leading million-dollar healthcare teams, he left his 6-figure W-2 healthcare sales management career to go all-in on real estate investing and his co-hosting, property management, and consulting businesses. He realized there was an untapped niche for traveling clinicians in the mid-term rental space, so he decided to dive straight in. Rich and Jesse discuss the importance of understanding your market, first steps for someone new wanting to get into mid-term rentals, and landlord-tenant laws in California. They do a deep dive into the types of properties that produce the most cashflow, the different lending options available for this asset class, and the reason why we’re seeing so many healthcare professionals feeling burnout. Connect with Jesse on Instagram: @therealjessevasquez--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.
undefined
Apr 27, 2023 • 1h 2min

Utilizing Creative Finance to Build a $300M Portfolio Using Zero of His Own Money | Pace Morby E43

In today’s episode, Rich sits down for another interview in the Scottsdale Speakeasy with Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets. Rich and Pace discuss the different projects he’s focusing on in 2023, how he’s scaled his business & delegates roles, and his innovative methods for convincing sellers to sell their properties to him despite failed attempts by agents. They dive into the most effective ways to find sub to deals, their predictions for the market’s future, and why “real estate is a gateway into thousands of opportunities”.Connect with Pace on Instagram: @pacemorby--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.
undefined
Apr 25, 2023 • 46min

She's a Top Luxury Designer & Investor Who's Using RE to Fund Her Passion For Music | Kara Beckmann E42

In today’s episode, Rich sits down in his Scottsdale Speakeasy for an interview with Kara Beckmann – real estate investor & luxury designer based in Arizona. Before she got into real estate investing, Kara went to culinary school and started saving money to open her own bakery. She’s a true creative and had a dream of owning her own wedding cake shop, but after working in the restaurant industry for many years it became very repetitive. Kara had the realization that “maybe she could do to a house what she used to do to a cake” and started flipping houses. Rich and Kara talk about her experience finally quitting her day job, diving straight in without really knowing what she was doing, and what her typical deals & projects are like today. They discuss trending designs for 2023, new developments she’s getting into, her passion for music and recently released songs. Kara also shares a few of her biggest mistakes and advice for someone new wanting to get into their first flip. Connect with Kara on Instagram: @beckmannhouse--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.
undefined
Apr 20, 2023 • 44min

"The Nine Degrees of Wealth" in Real Estate | Adrian Hernandez E41

In today’s episode, Rich sits down for an interview with Adrian Hernandez – real estate entrepreneur who has flipped over 250 homes and wholesaled over 400 deals. Adrian has a passion for helping real estate agents and helps them become investors. He owns a brokerage that supports everything he’s doing – the wholesaling, the flipping – and believes it's all one big ecosystem. Rich and Adrian discuss what it takes to make it in the real estate world, and give some great advice to anyone looking to get into the business. They dive into “the nine degrees of wealth” in real estate, some of the best marketing strategies & tactics, and he even shares the craziest experience he’s had with a homeowner when door-knocking. Connect with Adrian on Instagram: @adrianhernandez--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.
undefined
Apr 18, 2023 • 41min

Online Business Opportunities For Leaving Your 9-5 | Douglas James E40

In today’s episode, Rich sits down for an interview with Douglas James – a US Navy Veteran who now invests in self-storage facilities and builds & sells digital marketing businesses to entrepreneurs and investors. Doug is in the brick and mortar lead generation space and owns a successful $30M/year coaching business. Rich and Doug talk about his background and time spent in the Navy and how it led him to where he is today. They dive into his strategy partnering with fund managers to solicit and gather accredited investors by setting up online campaigns to drive traffic to webinar funnels. They also discuss investing with crypto and where they see the future with digital currency.Connect with Douglas on Instagram: @the_douglasjames--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.
undefined
Apr 13, 2023 • 43min

He's Planning to Disrupt the Way Residential Real Estate Transactions Are Done w/ this Startup Business | Brad Rice E39

In today’s episode, Rich sits down for an interview with Brad Rice – Founder and CEO of Amerifund Home Loans, a nationally recognized mortgage company and Homepie, a groundbreaking and disruptive online marketplace that enables anyone to sell their own home without paying excessive real estate commissions. During his 30-year career, Brad has scaled, owned, and operated several successful mortgage companies, an escrow company, a real estate brokerage, and real estate investment groups. Rich and Brad discuss Brad’s background in the mortgage business, what it was like for him during the 2007-2008 crash, how he got the idea to start Homepie, and his motivation behind building a technology that’s “like TurboTax for tax returns, but for real estate.”Connect with Brad: brad.rice@homepie.comhttps://homepie.com/--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.
undefined
Apr 11, 2023 • 52min

She's a World Famous CrossFit Athlete Sponsored by Nike w/ 1M+ Social Media Followers and Founder of Grown Strong | Lauren Fisher E38

In today’s episode, Rich sits down with special guest Lauren Fisher – 8x CrossFit Games athlete, real estate investor, and founder of Grown Strong, an online fitness community for women. When she’s not busy training, competing, or hosting fitness retreats, she enjoys learning about & investing in real estate with her husband and family. Rich and Lauren talk about how she first got started with CrossFit, what it was like growing up with three older brothers, the part they played in her becoming the strong woman she is today, and inspiring others to overcome obstacles. They discuss the San Diego real estate market, Lauren’s upcoming CrossFit Games (going for her 9th year), and some of the craziest experiences she’s had competing at past competitions. Connect with Lauren on Instagram: @laurenfisherUse Code: GSFIT50 for 50% off Lauren’s Fitness Community: https://grownstrong.com/More About Lauren: https://lauren-fisher.com/ Book a Room at Lauren’s Family Vacation Home in Nicaragua here: https://ranchosantana.com/accomodation/casa-linda --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.
undefined
Apr 6, 2023 • 40min

Transitioning from Short-Term Rentals to Boutique Hotels | TJ Tijani E37

In today’s episode, Rich sits down for an interview with hotel & short-term rental investor, TJ Tijani. Before getting into the real estate space, TJ was working as an engineer on offshore oil rigs when he started educating himself and learning about real estate investing. His original goal was to have 10 single-family homes then retire, but his circumstances changed and he decided to go all-in on real estate investing. He focuses on building relationships, and today he’s doubling down on boutique hotels and properties with multiple units in one location. Rich and TJ discuss the intersection of creative financing and short-term rentals, flagship hotel requirements, and converting apartment complexes into boutique hotels. They talk about pursuing what you’re truly passionate about in life and give some advice to new investors looking to leave their day job and make the jump into real estate. // Connect with TJ on Instagram: @tjtijani--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.
undefined
Apr 4, 2023 • 30min

Don't Rely on Airbnb, Build Your Own Direct Booking Platform | Mark Simpson E36

In today’s episode, Rich sits down with Mark Simpson, founder of Boostly – a company that gives hosts and property managers the tools, tactics, and training to increase their direct bookings. Mark is from the UK and grew up in the hospitality industry, which is where his passion began for helping other hosts. Rich and Mark talk about the importance of building your business using your own direct booking platform, and not fully relying on Airbnb, Booking.com, Expedia, or other platforms. They discuss building relationships and partnerships locally and nationally, the role SEO plays in your property’s performance, how to convert a “looker into a booker”, and the future of Airbnb along with a few key changes they’ll be rolling out soon. // Connect with Mark on Instagram: @boostlyuk / Website: https://boostly.co.uk/ --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.
undefined
Mar 30, 2023 • 1h 1min

The “Come-Up” as a Country Music Singer in Nashville | Todd Cameron E35

In today’s episode, Rich sits down in Nashville with up-and-coming country music star, Todd Cameron. They first met a couple months ago, when Todd was in San Diego for a show and connected with Rich to discuss real estate investing. Todd is a small town guy with country & rock roots from West Virginia, who moved to Nashville to pursue his music career after touring with Brett Michaels from Poison. They talk about how he got his start & rise in country music, the feeling of hitting rock bottom, and how he shifted his mindset to pull him back up again. He discusses breaking up with his previous band members to do his own thing, along with the pressure and motivation when everything is riding on your shoulders. They dive into what it takes to make it in the music industry, the importance of your fan base, and a near-death experience that completely changed Todd’s outlook on life. // Connect with Todd on Instagram: @toddcameronmusic / Listen to his Music on Spotify and Apple Music--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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode