The Rich Somers Report

Austin Schmidt, a real estate developer and founder of Lux Builders, shares his firsthand experiences in luxury home construction. He reveals why most developers falter after their first project, helping listeners navigate the complexities of permits and city challenges. Discussions include raising capital for new developments, the stark difference between theoretical plans and real-life delays, and why developing remains a worthy bet. Austin's insights offer a valuable roadmap for anyone looking to succeed in real estate development.

In this engaging discussion, Isaac French, an expert in unique stay properties, reveals how innovative accommodations are reshaping the hospitality landscape. He shares fascinating stories of shipping container homes and floating hotels, explaining how both disrupt traditional real estate investing. Isaac examines zoning loopholes that make these unique stays viable and profitable. He also offers insights into revitalizing dead golf courses and transforming them into micro resorts. If you're ready to think outside the box and tap into exciting investment opportunities, this conversation is a must-listen!

Ever thought about owning a parking lot? You should—because the margins are insane.In this episode, Rich brings on Johnny and Clay, the duo turning overlooked patches of asphalt into high-cashflow assets. They break down how to start, scale, and profit from the parking lot business—without ever swinging a hammer or managing tenants. If you’re looking for a low-maintenance, high-ROI play… this one’s it.They cover:How they turned a $30K deal into $350K+ in revenueWhy parking lots are one of the most underrated real estate playsThe step-by-step process for finding, analyzing, and closing your first dealHow they use creative financing and JV deals to scale fastWhat most investors get completely wrong about cash flowIf you want to build passive income with less risk and less headache—this is the blueprint.Let’s go.Connect with Jonny & Clay on Instagram: @valetparkingprosJoin 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.

What do you learn after launching 13+ companies and generating over $300 million in revenue?In this episode, Rich sits down with Amrinder Kamboj—tech founder, app builder, and brand architect behind some of the most downloaded apps on the planet—to unpack the real business lessons most people don’t figure out until it’s too late. From launching with no capital to scaling tech startups with celebrity partners, Amrinder shares what it actually takes to build something that lasts.They dive into:Why most ideas fail (and how to test yours without wasting cash)The secret to building fast-moving teams that don’t burn outHow he landed partnerships with Shaq, Pitbull, and Chris BrownWhen to pivot, when to push through, and how to know the differenceWhat $300M in sales taught him about product-market fitWhether you're building an app, a brand, or a legacy business—this one’s a masterclass.Let’s tap in.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.

Still debating whether to chase cash flow or buy for appreciation?In this episode, Rich sits down with legendary real estate investor Thach Nguyen to unpack the truth about building long-term wealth—and why most investors are thinking way too small. From his first $15K-down rental to a billion-dollar net worth vision, Thach breaks down how to play the real game: buying assets that compound while you sleep.They cover:The biggest mistake broke investors make when chasing passive incomeWhy appreciation markets like San Diego and Seattle create generational wealthWhen to buy for cash flow—and when it’s time to trade upHow Thach turned one property into an empire with no outside investorsThe mindset shift that separates legacy builders from everyone elseIf you're in this for freedom and net worth, this episode is your blueprint.Let’s level up.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.

Are robots really taking over? Or is that just clickbait?In this episode, Rich sits down with Pace Morby for a wild deep dive into automation, AI, and the uncomfortable truth about the jobs that won’t exist in 10 years. From therapists and baristas to pilots and plastic surgeons, Pace makes the case that the shift isn’t coming—it’s already here. And if you’re not adapting, you’re getting left behind.They cover:Why 60% of jobs might vanish—and which ones are actually safeThe Starbucks moment that made Pace wish he could talk to a robot insteadHow AI therapy is already outperforming humans (and why that matters)What Japan’s collapsing population reveals about our futureWhy your kids might choose relationships with their phones over peopleIf you’ve been sleeping on what’s coming with AI, this is your wake-up call.Adapt or get replaced. Let’s get into it.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.

Still paying for flights in cash? You’re playing the wrong game.In this episode, Rich brings on credit king Jack McColl to expose the credit card hacks, travel tricks, and bank secrets that nobody’s teaching—but everyone should know. From stacking points to flying first class for free, Jack breaks down how to unlock the full power of credit without going into debt.They dive into:The biggest lies banks tell you about personal and business creditHow to turn credit cards into cash, travel perks, and investment leverageThe playbook for getting $500K+ in 0% interest fundingWhy the rich never use debit cards—and how you can stop todayHow Jack flies first class to Bali, Paris, and Tulum for pennies on the dollarIf you’ve ever felt like the system was rigged—this episode hands you the cheat codes.Play smarter. Travel better. Let’s go.Connect with Jack on Instagram: @jackmccollJoin 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.

Curious about how exotic cars can unlock new networking opportunities? Join Rich Somers as he dives into a high-octane conversation with Clem Connor, founder of the exclusive car club, Fast Lane Drive, that transforms driving into a gateway for success.In this episode, Clem reveals how owning exotic cars can open doors to high-net-worth individuals and new business opportunities. He shares practical tips on the financial aspects of buying and leasing luxury vehicles and explains how to leverage them for maximum visibility.Rich and Clem also discuss the strategic benefits of using exotic cars to enhance personal branding and build meaningful connections. If you want to understand how to use luxury cars to accelerate your career and expand your network, this episode is a must-listen!Connect with Clem on Instagram: @clemcnrJoin 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.

What does it take to truly succeed in business and defy the odds? Join Rich Somers as he chats with Travis Chambers, the visionary behind Outpost X, a one-of-a-kind sci-fi movie set hotel in the Utah desert. After a remarkable $17 million exit from Chamber Media, Travis opens up about his journey—from a childhood filled with adversity to crafting an extraordinary experience that transports guests into another world.In this captivating episode, Rich engages Travis in an exploration of entrepreneurship, where the importance of sales skills and meticulous attention to detail becomes paramount.They discuss how Outpost X is more than just a hotel; it’s a transformative space of healing and imaginative escape, inviting guests to immerse themselves in a truly unique experience.Travis reflects on the challenges he has faced, including the complex legacy tied to his father's involvement in the Roundup/Monsanto crisis, and how these experiences have shaped his mission.The conversation delves into workplace culture, the critical role of innovation in hospitality, and the unique challenges of funding unconventional stays in a market that often shies away from the new and untested.Travis shares invaluable insights on overcoming adversity and the transformative power of vision in entrepreneurship. With an adventurous spirit, he inspires listeners to embrace opportunities and challenge the status quo.Connect with Travis on Instagram: @travis_chambersJoin 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.

Broke? Here’s what most people do wrong—and exactly what to do instead.In this episode, Rich replays his interview with real estate investor and entrepreneur Ryan Pineda, diving into the mindset and strategy shift that took Ryan from broke athlete to multi-millionaire brand builder. This one’s not just about money—it’s about how to pivot fast, ditch victim mode, and take full control of your outcome.They break down:Why your first move out of survival mode shouldn’t be saving—here’s what to focus on insteadHow Ryan leveraged attention and personal brand to explode every business he builtThe myth of “work-life balance” (and why seasons of obsession matter)What broke entrepreneurs get wrong about scalingRyan’s best advice for anyone starting from scratch with zero capitalWhether you're on your last $100 or looking to reinvent yourself, this episode gives you a no-BS roadmap to make it happen.Let’s get into it.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.