The Rich Somers Report

In part 2 of Rich’s interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas, they dive deeper into his YouTube channel that boasts 485k subscribers and brings in $300k a year. They talk about one of the videos he created on "Why NBA Players Go Broke", and the reasons why these athletes would be much better off putting their money into real assets. Spencer shares about his most viral video with 200M+ views, a few secrets on how he discovers his information during due diligence, and the key to putting a successful video on YouTube. They also discuss current controversy surrounding Grant Cardone and Spencer’s motives & incentives when creating a video that exposes someone. Follow Spencer on Instagram: @spencercornelia1Join 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 today’s episode, Rich sits down for an interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas. Spencer got into real estate investing in 2015 when he moved to Vegas from Oakland and met a buddy who rented out rooms in his place in order to live for free while also generating some additional cash flow. He then discovered the concept of house hacking through the Bigger Pockets forums and bought his first condo. They dive into Spencer’s experience flipping houses and losing a bit of money with the wrong contractor, dipping into the midwest markets, lessons learned and what he would have done differently on those flips. They discuss advice for listener’s looking to do their first house hack, techniques for finding great tenants & setting boundaries, and the complexities of landlord-tenant laws. Spencer also shares the craziest roommate story he has (one of the many) which ended with cops and handcuffs. 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 episode, Rich sits down for an interview with good friends and key players in the short-term rental space – Craig Gerulski & Matt Floyd. They built a portfolio of 30+ properties while working full-time careers, and recently both just left their day jobs to pursue building their thriving business. They discuss officially being free from their W-2 jobs and the 3 models they use for their business:  individual property ownership, a rental arbitrage company, and a management company. They share some invaluable advice on various strategies they use to grow their business by bringing in additional properties and driving revenue. Craig and Matt are passionate about helping others create passive income streams to gain financial & time freedom. They dive into their favorite markets, the concept of saturated markets, and essential tips for individuals embarking on their first short-term rental venture.Connect with Craig & Matt: partner@stayclassyhomes.com / 619-738-6199Join 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 today’s episode, Rich sits down for an interview with Michael Porche – former firefighter turned real estate investor and owner of a thriving short-term rental business. Michael is in San Diego preparing for his first live event, STR Legacies Live, from June 2-4 in which Rich will be speaking on Boutique Hotels. They discuss Michael’s difficult transition from being a firefighter into the real estate investing world, the growth of his short-term rental business & portfolio, and the excitement around hosting his live event. They dive into the recent acquisition of Michael’s first boutique hotel, the importance of “failing fast” and learning from those failures, and the most rewarding aspect of being an entrepreneur. Michael touches on his anticipations and plans for the upcoming year, and the concept of “your network is your network”. He also gives some valuable advice on surrounding yourself with like-minded individuals in the industry. 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.

In today’s episode, Rich sits down for an interview with Andrew Greer, local San Diego realtor and real estate developer with a team of 30 agents who specializes in infill development and value-add projects. Andrew has a background in home construction and flipping houses, but was inspired by the IRS to protect his money and decided to pivot from flipping to buy-and-hold investments. They discuss the pain points of building & selling new construction, office buildings, ADU permitting process timelines, and Andrew’s current projects. They also talk about his ideal unit mixes and do a deep dive into the San Diego market. Connect with Andrew in Instagram: @realtyentrepreneurJoin 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 today’s episode, Rich sits down for an interview with very special guest Grant Cardone – CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion. They dive into a wide range of topics in their conversation, and nothing is off limits. Rich and Grant discuss the concept of inflation and the government’s role in printing money. They also touch upon the recent bank collapses and the Federal Reserve’s bailout of these institutions. Grant shares his experience of living in San Diego and doing his first deal in Vista, highlighting his mindset at the time and tips for shifting to an abundance mindset. They also talk about the biggest real estate deal he’s undertaken and a humorous story about running into Gavin Newsom at a recent event. Grant provides advice on how to navigate the current real estate climate, and his feelings on buying single-family homes. He also touches on the concept of his “10X Health” program, his new upcoming TV shows, and his experience homeschooling his two daughters. Grant even hints at the possibility of running for president in the future.Connect with Grant on Instagram: @grantcardoneJoin 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 for an interview with Jessie Rodriguez, the star of HGTV's Vintage Flip. With a decade of experience in house flipping and a portfolio of over 300 properties, Jessie shares his insights and expertise in the world of real estate investing and flipping. Rich and Jessie discuss his strategies for finding lucrative properties, navigating the permitting process, implementing renovation strategies, and ADU value-add opportunities. They also dive into Jessie’s other projects beyond flipping, such as restoring old packing houses while preserving their historical elements in urban development. Connect with Jessie on Instagram: @jessierodriguezJoin 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.

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 2 of their interview, Rich and Mikey discuss his pivot into commercial real estate investing, raising money for funds vs. syndications, self-storage, multifamily and ground-up development. They dive into how Mikey built his business, Commune Capital, strategies with investors, and some of the biggest risks he faces with his projects. Mikey also shares what he’s most excited for in 2023 and his biggest motivation for getting out of bed in the mornings. Connect with Mikey on Instagram: @mikeytaylorJoin 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.

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 1 of their interview, Rich and Mikey discuss what it was like growing up skateboarding and going pro, his experience starting Saint Archer Brewing, and some key takeaways on building a successful business. Mikey also shares a hilarious story of a recent viral video with 2 skateboarders bringing their concerns to him at a City Council Meeting. Connect with Mikey on Instagram: @mikeytaylorJoin 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 today’s episode, Rich sits down for an interview with multifamily investor and best-selling author, Dre Evans. Dre has a very unique and different story than most – he grew up in the streets of Chicago and joined a gang when he was 12 years old, where his initiation was participating in a drive-by shooting. Eventually he and his triplet brothers decided to pave their own path and joined the U.S. Navy Academy. Today Dre is a successful real estate investor and national best-selling author, recently releasing his third book – Prove Them Wrong. Rich and Dre discuss his experience growing up, how he got into multifamily, and what it was like buying his first deal. They dive into permitting processes, short-term rental licenses, and both of their passions of mentoring youth. Connect with Dre on Instagram: @drmultifamilyCheck Out His New Book: Prove Them WrongJoin 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.