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The Rich Somers Report

Latest episodes

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Sep 21, 2024 • 27min

How to Buy Your First Gym | Bo DePaoli Saturday Edition E245

Want to learn how to buy a gym? Rich and Bo discuss the key factors of gym investing, how to maintain additional streams of revenue while owning a gym, and the importance of muscle building.Bo DePaoli is the founder of D3 Enterprises, he's recently ventured into the fitness sector, successfully turning around two failing gyms within a year of their acquisition.--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.
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Sep 20, 2024 • 34min

The Journey From Air Traffic Controller to $80M in Real Estate | E244

Rich is interviewed by Ryan Bakke on the LearnLikeACPA podcast where Rich shares his journey cashing out his 401k to buy his first couple of deals, and scaling to $80M, through the real estate investing space and his approach to investments and deals. Ryan Bakke is a real estate tax strategist, and also a investor in the Somers Capital Boutique Hotel Fund.--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.
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Sep 17, 2024 • 58min

How to Buy a Laundromat | Tom Donnelly E243

Want to learn how to buy a laundromat business? Rich and Tom Donnelly chat all things laundromat investing, the biggest mistakes to avoid, how to find and analyze the best locations and deals, value-add strategies, and how you can buy your first laundromat in 2024! Tom Donnelly is an experienced entrepreneur and investor who has been buying laundromats for the past 5 years (owns 3, building out a 4th) and investing in real estate for 6 years. Connect with Tom Donnelly on Instagram: @mrtomdonnelly--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.
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Sep 14, 2024 • 5min

The Real Problem With the Public School System | Grant Cardone Saturday Edition E242

In this Saturday Edition episode, Rich sits down with Grant Cardone to discuss the pros and cons of homeschooling and the public school system.Grant Cardone is an American businessman, Equity Fund Manager ($4B Assets Under Management), Real Estate Investor, Business author and Founder of 10X Growth Conference, 10X Health System, Cardone Ventures & 10X Studios. Also author of seven best selling business books, creator of Cardone U online education and The 10X Growth Conferences (the largest business conference in the USA.)    --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.
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Sep 12, 2024 • 58min

How He Lost $100k Buying Real Estate With the Wrong People and How to Find the “Right People” To Partner With | Diego Corzo E241

In this episode, Rich sits down with Forbes-featured millennial real estate entrepreneur Diego Corzo to discuss his journey from Peru to the US at the age of 9,  buying his first property at age 23, and the steps he took to build passive income streams through real estate which led to him becoming a millionaire under the age of 30.Diego Corzo is a millennial real estate entrepreneur, investor, mentor, and TEDx speaker. Diego's story has now been featured in Forbes, CNN Money, Inc.com, Entreprenuer.com, Fox News, Telemundo and Univision. He aspires to help others become financially free and reach their full potential. --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.
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Sep 10, 2024 • 49min

How You Can Use AI to Level Up Your Business | Scott Empringham E240

On today's episode, Rich sits down with Scott Empringham to discuss how AI is disrupting the marketing game, how to create an entire marketing plan utilizing AI, and how he generated $1 billion in sales while working with Ford Motor Company.Scott Empringham is an owner/CEO of Empringham Media Group, a turnkey AI-Powered digital marketing agency that helps clients accelerate their growth. With over 20 years of experience in marketing communications, online marketing, and creative direction, Scott is a recognized leader and innovator in his field.--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.
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Sep 7, 2024 • 13min

Should You Buy for Cash Flow or Appreciation? | Saturday Edition E239

On today’s episode, Rich sits down with Thach Nguyen –  Entrepreneur, Founder of Thach Real Estate Group, Real Estate Broker, Investor, Developer. Thach is the CEO & Founder of Thach Real Estate Group, and principal of Springboard to Wealth. He’s a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300+ homes , townhouses, and multifamily units and completed over 100+ flips. Thach and his team have assisted more than 2,500+ families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.--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.
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Sep 5, 2024 • 55min

The Pros & Cons of Testosterone Use Exposed | Dr. Adam Silberman E238

In this episode, Rich sits down with Dr. Adam Silberman to discuss the pros & cons of hormone & testosterone treatment, the importance of hormone optimization, and new research discoveries regarding optimizing cognitive performance & muscle mass.Dr. Adam Silberman, NMD is an expert in natural, functional, and integrative approaches to family medicine. He offers face-to-face as well as online remote consultations. He works with regulatory agencies, universities, corporations, expert witness, and the pharmaceutical/nutraceutical industry as an expert in natural therapies.--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.
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Sep 3, 2024 • 1h 1min

From Living in His Car to Running His Own Real Estate Brokerage | Mark Quesada E237

In this episode, Rich sits down with Mark Quesada to discuss his rags to riches origin story of transitioning from being a server to getting started in real estate, why he started his own brokerage, and the current state of the rate environment within his industry.Mark Quesada is the President of Black Label Realty and the team lead for The Quesada Group Ltd, overseeing real estate transactions in the San Diego, Chicago, Tampa Bay, and Miami markets. Under his leadership, Mark and his team consistently rank in the top 1% of agents in current production, a testament to their unmatched professionalism and access to exclusive tools and resources.--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.
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Aug 31, 2024 • 17min

5 Steps to Becoming a Top Commercial Broker | Saturday Edition Dan Blackwell E236

In this Saturday Edition, Rich sits down with Multifamily Real Estate Investment specialist Dan Blackwell to discuss the importance of market selection, how to make your first $500,000 through real estate, and the benefits of building a team.Dan Blackwell has specialized in Multifamily Investment Sales since 2008 and currently leads the Southern California Multifamily Investment Sales division for CBRE. He and his team have closed over $1.5 billion in multifamily property sales - over 450 transactions and growing.Connect with Dan on Instagram: @multifamilysocal--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.

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