The Rich Somers Report

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex discuss the benefits of starting a real estate networking event, if it’s worth it and how to get started. They also discuss how Somers Capital’s own meetup, Beers & Deals, began and how it’s evolved over the last 5 years.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 Gabe Kubanda - an alt-pop artist, singer/songwriter, co-creator of the Epic Proportions Tour, playing well over 750 shows on multiple continents, founder of the Non Profit “EduMusication” program promoting music education in schools, and Kubanda Properties, amassing vacation homes and rental cars in niche markets.Rich and Gabe discuss the intricacies of hosting vehicles on Turo, a car sharing marketplace, how Gabe got his start in the music industry and created with a group of fellow bands, and just how profitable being a musician actually is. They also reflect on being on the road, record labels, the collaborative experience of songwriting, being a content creator, Airbnbs, COVID, and the differences between arbitraging and cohosting. Lastly, Rich and Gabe talk about what a successful team looks like, the best automated services for rental properties, and what Gabe is looking forward to in the real estate space moving forward.  Connect with Gabe on Instagram: @gabekubandaJoin 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 Nick Marietta - a Real Estate Investor, Luxury Builder, and Fix & Flip Expert. He’s got over $600,000,000 in Construction & Real Estate transactions.   Rich and Nick discuss Nick’s connection to the Coach and Best Selling Author, Wes Watson, how Nick got his start as a Luxury Fix-and-Flipper, the extent of his wholesale deals across the country, and where Nick sees the most success in the market right now.  They also reflect on what it takes to flip a luxury home, “blue hair” modeling and staging homes, and Nick shares an anecdote about a recent car accident and how he’s overcome the challenges of it’s impact.  Lastly, Rich and Nick talk about health & wellness and how it pertains to self development and inner peace, Rich reveals a trip that he’ll be taking soon to visit Kris Krohn and Robert Martinez, the benefits of masterclasses and education programs, and Nick quizzes Rich about his own portfolio and real estate journey.  Connect with Nick on Instagram: @therealnickmariettaJoin 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 answers top questions of the week that are sent in by our listeners. Rich, Alex, and Jennifer discuss the biggest opportunities in the boutique hotel investing space right now, relaunching boutique hotels after closing, and the experience required in order to buy boutique hotels.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.

Today, join Rich as he guests on The Wealthy Way Podcast hosted by Ryan Pineda where they discuss marketing strategies, the pros and cons of listing hotels on Airbnb, the rise of shared experiences at restaurants, the Liver King, the importance of surrounding oneself with like-minded individuals, health and fitness, and celebrity golf tournaments. Rich also shares his expertise on boutique hotels and podcasting.Connect with Ryan on Instagram: @ryanpinedaJoin 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 Michael Elefante - a real estate investor, entrepreneur and social media influencer. Michael is the founder of BNB Investor Academy, a coaching program that has helped over 1,200 people find, invest in, design and manage short term rentals successfully. Michael became financially free at age 27, just one year after making his first investment into real estate. Within three years, he and his wife, Jill, have accumulated seven short term rental properties that bring in over $1M per year in rental income. He's found his true passion in helping others achieve financial freedom through short term rental investments. Rich and Michael discuss Michael’s recent trips across the world with his family, his recounting of cashing out his 401K, buying his first short term rental, and risky investments.  They also reflect on incremental progress, real estate investing as a side venture, using a short-term rental as a second home, growing management businesses, Michael’s connection to Somerled Designs, how to maximize investments when starting out, the current rate environment, and unique selling propositions.  Lastly, Rich and Michael talk about ownership changes, seller finance companies, creating content for social media, abundance mindsets, and what Michael is most excited about right now.  Connect with Michael on Instagram: @melefante6Join 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 answers top questions of the week that are sent in by our listeners. Rich and Alex discuss why real estate investing isn’t taught in schools, high cashflow vs high growth markets, and current trends in the Airbnb and Boutique Hotels spaces.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 Karl Gorman — the founder and CEO of GLH LLC; Managing Partner of Valhalla Capital; Co Founder of Black Future Foundation and board member of The University Club Atop Symphony Towers. Karl has been recognized as Top 50 Most Influential leader and has over 20 years of Corporate American experience where he worked for a few of the largest financial institutions in the world. He’s currently working on a $3B international lending company and running several multiple million dollar real estate projects.Rich and Karl discuss Karl’s journey with, and the intricacies of affordable housing, 1031 exchanges, Airbnbs, returns on investments, and a deep dive in Section 8 housing. They also reflect on tax abatements and tax credits, building generational wealth, capital stacking, the differences in permit processes between states, being a board member of The University Club, and Karl’s initiative to aid young black people in getting through college and learning financial literacy. Lastly, Rich and Karl talk about what an underfunded founder looks like in venture capital.  Connect with Karl on Instagram: @glh_capitalJoin 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 Tyler Deveraux -a sought-after international speaker, 9 figure Co-Founder & CEO of MF Capital Partners and Multifamily Mindset, an education company providing investors with guidance to acquire properties, and co-host of The Growthcast Podcast.Rich and Tyler discuss their first time meeting each other, Tyler’s mom's van being repossessed, how Tyler found his first multifamily deal, and how to unlock future growth. They also talk about being in the right room, raising and protecting capital, cap rates and market forecasts, the biggest challenges of transactions, the scarcity vs abundance mentalities, how to utilize resets, cutting off and reconnecting with friends, the most inspirational figures in the real estate investment world, and how money is a tool to create relationships. Lastly, Rich and Tyler reflect on Tyler’s experience living in Maui and his billion dollar goals. Connect with Tyler on Instagram: @tyler_deverauxJoin 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, we're doing the "Saturday Edition" where Rich answers top questions of the week that are sent in by our listeners. Rich and Alex discuss spending money to make money, the best areas in the US to invest in today, and what keeps the fire going everyday. 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.