The Rich Somers Report

CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she’s not busy helping others with their taxes, she’s looking into the numbers to help leverage her own real estate portfolio. On today’s episode, she shares a wealth of knowledge on the best tax strategies and incentives for short-term rentals, multifamily, tips for W-2 employees, and passive investing in syndications. Rich and Amanda also do a deep dive into 1031 exchanges, 401(k)s, and self-directed IRAs. Connect with Amanda on Instagram: @amanda_han_cpa 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 with up-and-coming real estate investor and operator, Michael Garcia, who owns and controls $70M worth of multifamily apartments. Previously he worked as a bond trader in Chicago, where he started educating himself on real estate during his downtime. One day out of the blue, his CFO shut the business down and Michael decided to take the leap into real estate investing. They talk about what his portfolio looks like today, the key to getting off-market deals, and the types of assets & markets he’s targeting. They discuss the 506(b) & 506(c) models of structuring deals for investors, advice for new investors just getting started, and the biggest influences in Michael's career.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.

Justin Spaulding is arguably the top multifamily operator under the age of 35, and owns a portfolio of 1,800+ apartment units. In part 2 of Rich & Justin’s interview, they talk about a couple different refinancing scenarios they’re going through right now, interest rate caps and recaps, and the different types of investors they decide to work with or sometimes not work with. They discuss how you can get creative with seller financing, and Justin shares a specific story about a deal where the seller might actually be cutting him a check at closing. Connect with Justin on Instagram: @justinspauldingJoin 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 with Justin Spaulding – arguably the top multifamily operator under the age of 35, and owns a portfolio of 1,800+ apartment units. They talk about how he’s sourcing his deals and having success finding off-market properties given the current interest rate environment. Justin shares how he went from playing college football and having no idea what he wanted to do afterwards, to getting his start in real estate. They dive into Justin’s family life and striving to be successful in all areas of life (not just business), as well as the importance of prioritizing your health. They discuss the markets Justin is targeting, the operations within his company, and the lessons he’s learned as he’s scaling his business.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 with our very own Jennifer Bube – she’s worked with Rich since day one and helps manage all the boutique hotels & short-term rentals in the Excelsior Stays portfolio. They talk about how they first met & started talking about real estate investing which led to Jennifer and her fiance, Mark, buying their first short-term rental in National City. Jennifer shares some of the things they did to maximize the property by splitting it into multiple listings, as well as some of the biggest challenges they’ve faced. They discuss what it was like when she first started working with Rich, and some insight on the transition from managing & operating single-family listings to boutique hotels.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 with Frankie V – San Diego’s TV and radio personality, and host of Channel 933 in the mornings. They talk about how he got started in radio, what he and his brother are up to in the real estate space, and today’s market. Rich shares an update on the current Little Italy Boutique Hotel deal, the challenges that have come up, and how he’s gotten creative to solve them. They also discuss the success of the San Diego Padres, and Frankie shares a story about a DM from Rihanna asking for advice on performing at the Super Bowl. Connect with Frankie V on Instagram: @frankievizzleJoin 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.

Exploring real estate wholesaling, off-market deals, and contract assignments. Starting a co-hosting short-term rental company for cash flow and wealth building. Real estate investing strategies from scratch, networking tips, and wealth-building power of sweat equity.

In part 2 of Rich’s interview with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson, they talk about their experiences with masterminds, connecting with different types of people from varied backgrounds, what Tony is up to today & his long-term goals. He shares a story about a deal in Big Bear that ended up falling through and his biggest takeaways from that experience, as well as structuring deals with accredited vs. non-accredited investors. They also dive into short-term rental regulations & restrictions, advice for getting an STR license, the structure & operations of Tony's team, and what is his “why” in life. Connect with Tony on Instagram: @TonyJRobinson 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 Rich sits down with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson. They talk about how he transitioned from his full-time W2 job with Tesla, to managing short-term rentals and building a business with his wife, Sara. They dive into how Tony decides what markets to invest in, tips for updating your Airbnb listing to drive occupancy, as well as cleaning fees and pricing strategies. They also discuss what it’s like working with your spouse, starting their STR Summit, and Tony shares the story of how he became the host of the BiggerPockets Rookie podcast. Connect with Tony on Instagram: @TonyJRobinson 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 highlights the three criteria he looks for when buying real estate and gives some specific examples on how you can apply these rules & principles in your own real estate journey. He shares a few stories on personal deals he’s done, including his very first deal in Cincinnati and what he learned from that experience.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.