Ready to take control of your life and business? Rich Somers and Alex Johnson share how making intentional decisions and saying "no" to distractions can propel you to your biggest goals.

In this episode, Rich and Alex dive deep into the mindset of growth, sharing how saying no to the wrong things opens doors for the right opportunities. They discuss how identifying and eliminating bottlenecks—whether they’re personal habits, people, or projects—can unlock your true potential and accelerate your success.

From reflecting on their own experiences to offering practical advice, they challenge you to get clear on your life goals and take actionable steps toward making them a reality. Learn how focusing on what truly moves the needle will set you up for long-term growth and success in 2025.

If you’re ready to eliminate distractions, clarify your vision, and start making impactful moves, this episode is your roadmap to doing just that.

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.

Ready to build a multi-million-dollar real estate portfolio? Blake Rocha, who created a $40M portfolio by age 27, shares his journey of scaling short-term rentals and making bold investments that set him apart. From leveraging risk and consistency to mastering the mindset that drives long-term success, Blake reveals how he made his vision a reality—despite the challenges he faced along the way.

Blake also opens up about the importance of staying mentally and physically sharp, how strategic moves in multifamily investments fueled his growth, and the invaluable lessons he learned from his early deals. This episode isn’t just about real estate; it’s about how the right mindset can propel both financial and personal growth.

Whether you're just starting or scaling, tune in for actionable insights on how to navigate risk, make smarter investments, and achieve the success you’ve been chasing.

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.

Own real estate and ready to buy your first boutique hotel? Let’s talk—get on a call and start your journey before the year ends: www.hotelinvesting.com.

Ready to dive into the world of experiential boutique hotels and micro-resorts? Ben Wolff, Co-founder of Onera and Oasi, a leader in creating transformative hospitality experiences, shares his expertise on why these types of properties are revolutionizing the travel and investment landscape.

Ben talks about how the demand for experiential stays is reshaping the hospitality industry, why smaller, immersive properties are surpassing traditional hotels, and the key factors for successful projects. He also offers his proven strategies for identifying prime locations, curating unforgettable guest experiences, and securing financing for boutique hotel developments.

Rich Somers highlights how these unique properties are shaping the future of travel and creating lucrative opportunities for investors looking to tap into this growing market.

With Onera’s success, including their landmark sale of a landscape hotel to Summit Hotel REIT in 2022, and Oasi's innovative marketing strategies, Ben’s insights are invaluable for investors looking to break into experiential boutique hotels and micro-resorts.

This episode is a must-listen if you're interested in capitalizing on one of the most exciting trends in modern hospitality.

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 "Saturday Edition" episode, Rich joins DJ Young on his podcast - Conversations with DJ Young.  DJ grew up in Burriana, Spain and played played junior tennis competitively from ages 4 to 16. He was first introduced to pickleball at age 18 by his dad and has won numerous pickleball accolades since turning pro, including the World Pickleball Championships, MLP Season 2 Newport Beach (Ranchers), and a PPA silver medal in men’s doubles.

Rich and DJ start off by discussing how Rich got into real estate investing, the risks to jumping into doing real estate, ending partnerships and risk tolerance, Rich’s plan for the future, what advice Rich has for new investors, the easiest way to become a millionaire, and calculated risks.

They then reflect on the dedication it takes to see results, Alex Hormozi, maximizing productivity during the day, Rich’s daily schedule, why Rich tucks his ears into his hat, Fast Lane Drive, Rich’s affiliate partnership with BYLT, Rich’s book recommendations, and the people Rich looks up to the most.Lastly, they talk about building communities, action takers, Connor McGregor & Golden Tate, why Rich predominately hires women, where the opportunities are, the 80-20 rule, and their next pickleball session.

Connect with DJ on Instagram: @djyoungpb

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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 with Kenny Simpson - Mortgage Broker, Entrepreneur, and Co-host of the Get in the Cashflow Game podcast. Kenny has been in the mortgage broker game for 20 years, has funded over $1.5 Billion in loans and helped 5000+ clients. He used to manage several multifamily properties (properties with upwards of 2000 units,) but sold them and now focuses his time strictly on the mortgage business, his wife and 2 girls, and his podcast. He also personal owns 50+ units with a net cashflow of $350K. 

Rich and Kenny start off by discussing meeting initially, Rich’s first time speaking, what Kenny has been up to since they first met, the current rate environment, Kenny’s analysis of the current rates, credit card delinquencies, the potential for rate cuts, who is buying deals right now, why Rich and Kenny are bullish on San Diego, who’s buying homes in San Diego, Kenny’s portfolio, becoming the biggest influencer in mortgages, and the endless opportunities in real estate.
 

They then reflect on Kenny’s brokerage system, Fannie Freddie Loans, pricing for Non-QM Products, DSCR Loans, maximizing leverage with Non-QM loans, appraisals, ADUs, several properties that Rich is currently looking at, and the Pacific Beach market. 

Lastly, they talk about commercial real estate, the value of relationships, Ryan Serhant, relationships over transactions, standing out to lenders, where Kenny sees the rate environment going in the next year, whether we’ll ever see 3% rates, Grant Cardone, how the fed has locked out buyers, which neighborhoods Kenny is bullish on in San Diego, Little Italy, and how Hotel Zindel is doing. 

 

Connect with Kenny on Instagram: @kennybsimpson

 
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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 with Soli Cayetano - Real Estate Investor, Entrepreneur, and Founder of Out Of State Investor Academy. Soli is a 26 year old investor located in the Bay Area, CA with a portfolio of properties in Ohio, Georgia, and soon to be Palm Springs, CA. In her first 4 years of investing she’s built a $10M portfolio including 45 rentals and a 64 unit multifamily syndication. She started investing using long term and mid term rental strategies and is now expanding into the boutique hotel space to create unique experiences. In 2023 she founded Out of State Investor Academy which has helped hundreds of investors learn how to build cash flow in more affordable markets across the country.

Rich and Soli start off by discussing initially meeting, coordinating yacht meetups, Rich’s first deal, Soli’s experience speaking at the Mid Term Rental Summit, how to raise private capital, the BRRRR strategy, Rich’s first boutique hotel, Soli’s experience as a commercial real estate broker, how Soli got into real estate investing, the opportunities afforded by real estate investing, how Rich got into real estate investing, the price range that Soli buys in, Cincinnati, Georgia, Soli’s first boutique hotel, geodomes, finding the right market, learning experiences, and getting what you asked for.

They then reflect on the Palm Springs market, nude resorts, sending in credibility stacks, pushing ourselves outside our comfort zone, adding tremendous value to properties, cosmetic changes, the importance of wellness, modernism in Palm Springs, Soli’s new community, mastermind retreats, Jesse Vasquez, and Rich’s new idea for a San Diego conference. 

Lastly, they talk about posting daily content, the changing algorithm, Alex Hormozi, the differences between platforms, viral content and the value of a good hook, TRT, and whether everyone should be posting social media content.
 
Connect with Soli on Instagram: @lattes.and.leases

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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 with Vanessa Alfaro - Entrepreneur, Real Estate Investor, Founder of Venus Capital and LunaX.AI, Multifamily Syndicator, and Author of “10 paths.” Born in Venezuela, Vanessa founded Absot Marketing at 22, which quickly grew into a leading BTL firm. Expanding to Panama, she co-founded Octametro, hitting 7 figures in a year and earning the title “Woman of the Year.” Later, in Los Angeles, she co-established the top Hispanic content provider, Autoproyecto. Her real estate investment firm, Venus Capital, has earned $50M AUM in only three years under her leadership. She’s also a mother of 5 children.

Rich and Vanessa start off by discussing meeting at Tyler Deveraux’s conference, Vanessa’s first company, her experiences growing up in Venezuela, Jack McColl, entrepreneurial spirit, Rich’s experience traveling the world, and the dangers of living in the US.
 

They then reflect on the homelessness issues in the US, Vanessa’s experience with Invisible People and other non-profit organizations, Gavin Newsom’s $5 Billion deal to handle homelessness, how Vanessa met Jack Dorsey, Vanessa’s experience living in Panama, and utilizing AI in real estate investing and business.

Lastly, they talk about competing with other businesses utilizing AI, Artificial General Intelligence (AGI), super humans, Neuralink and Elon Musk, predictive personality tests and it’s uses in business,, SpaceX, utilizing AI with social media, how to use AI to underwrite deals, communicating with clients and friends, low and high risk entrepreneurs, Vanessa’s AI course, how Vanessa juggles running 3 companies and raising 5 children, and leveraging children and entrepreneurship.

Connect with Vanessa on Instagram: @vanessavenuscapital
 

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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 with Eric Nelson - Entrepreneur, Real Estate Investor, Founding Partner of Wild Oak Capital, and Host of “The Real Estate Mindset” Podcast. Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. He has been investing in real estate for over 10 years, and currently has over 650 units under management, with a team or with his wife.

Rich and Eric start off by discussing the challenges of multifamily investing, Michael Blank, living off of acquisition fees, Robert Martinez’s 2023 foreclosure, what killed deals during the COVID-19 pandemic, Rich’s multifamily portfolio, debt assumptions, the benefits of over-communicating  in real estate, and why asset management is important.

They then reflect on why Rich is bullish on Multifamily, struggling asset classes, analysis paralysis, doing the reps and shortcutting the path to success, Eric’s new deal in Texas with Eric Chadderdon, what Eric is doing today to respond to cap rates, Eric’s portfolio, seller carries, and the cost of capital.

Lastly, they talk about private debt funds, raising capital through 401k funds, transitioning funds from 506b to 506c, Bethany LaFlam, Eric’s first multifamily deal, Rich’s first boutique hotel deal, and Eric’s search criteria for finding multifamily deals.

 

Connect with Eric on Instagram: @wildoakcapital

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase


Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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 with Savannah Arroyo “The Networth Nurse” - Entrepreneur, Real Estate Investor, Part-time Nurse, CEO & Founder of Networth Nurse, Author, and Coach. Savannah has worked as a Registered Nurse for over ten years, with extensive experience in leadership and healthcare administration. Through her personal brand, Networth Nurse, Savannah has helped hundreds of nurses with their finances. With an emphasis on education, Savannah leveraged her brand to purchase over $15M of real estate, partnering primarily with healthcare professionals to scale her portfolio. Eager to address financial literacy for the entire healthcare community, Savannah sought to expand her efforts by creating InvestHealth, a Financial Health Benefit for Healthcare Companies.

Rich and Savannah start off by discussing meeting on Rich’s old podcast and what Savannah has been doing since, investing in startups, being passionate about the healthcare community, what it was like working in healthcare during the COVID-19 pandemic, Savannah’s work history as a nurse, Savannah’s real estate portfolio, the current market rate environment, thinking long term, and where Savannah sees opportunity in Oregon.

They then reflect on Savannah’s search criteria for deals, seller financing and loan servicing, Savannah’s startup - InvestHealth, financial literacy, paying off student loans, connecting Savannah’s company to healthcare companies, in-person speaking events, and active vs passive investing.

Lastly, they talk about the opportunity of investing with retirement funds, the opportunities of the tech space, the CARES Act, education and automation in real estate, withdrawing money from 401ks, Forex Trading, Savannah’s real estate portfolio, what she’s looking forward to in 2024, and celebrating financial freedom.
 
Connect with Savannah on Instagram: @thenetworthnurse

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
 

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 "Saturday Edition" episode, Rich is joined by Savannah Arroyo, “The Networth Nurse”. Rich and Savannah start off by talking about their transformation from normal W2 employees to real estate investors. They then analyze useful literature, podcasts, and techniques that helped them live the life they wanted to live, utilizing the “5-9” approach after normal work hours, finding their “whys,” affording themselves the grace to make mistakes, and how they increased their productivity when they got started.

Connect with Savannah on Instagram: @thenetworthnurse

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 with Jack McColl “The King of Debt” - Entrepreneur, Founder of Credit Stacking, and Business Credit Coach. Jack, better known as “The King of Debt,” has been featured on Market Watch, Disrupt Magazine, Yahoo Finance, and Forbes. He is a self-made mogul who went from having zero dollars in business credit to being approved for $500,000 in a little more than a year. Jack has mentored thousands of entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital to start, scale, and finance their businesses. 

Rich and Jack start off by discussing Jack’s first episode with Rich (Episode 68), Jack’s 5 week trip to South America, Columbia and kitesurfing, skydiving in Venezuela, Jack’s passion for sports and hobbies, Jack’s favorite automated business services, optimizing business, and Jack joining the 800 club for testosterone levels and credit scores. 

They then reflect on their favorite exercises, the importance of physical fitness, what it’s like showering on planes, comparing first class airlines, accumulating credit card points at different banks, Jack’s experience helping clients secure $150,000 0% interest business credit, the AmEx Business Gold and Platinum cards, and the Wells Fargo’s Autograph Journey Card.

Lastly, they talk about buying assets with business credit, the AmEx business card pros and cons, which cards Jack recommends using, the Bilt Credit Card, tools to keep track of debt payments, the Wheels Up AmEx Travel experience, Private Jets, Set Jet, Elon Musk’s Starlink Satellites, Jack’s big move to Utah, Rich’s experience as a pilot, and Kris Krohn.
 
Connect with Jack on Instagram: @jackmccoll

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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 with Dr. Alex Roher, MD - Entrepreneur, Board Certified Anesthesiologist, Nose Filler Specialist, and Owner/Medical Director of SD Botox and Weight Loss Shots. Dr. Roher realized that he wasn’t as fulfilled by his work as he could be. Anesthesia was rewarding, but it didn’t fulfill his artistic side. So to satisfy his creative yearning, he started doing Botox and dermal filler on his wife, and then her friends, and then her friend’s friends. As the business grew, he decided to change the course of his career and pursue a path that could help patients transform their lives for the better through aesthetics.

This vision came to fruition with the opening of SDBotox in 2013. Since then, Dr. Roher has grown his business to become one of the most sought-after medical aesthetic clinics in San Diego. Throughout the years, he has introduced several groundbreaking procedures to his patients in San Diego. He’s helped thousands achieve incredible results, which keeps them coming back time and time again for all of their cosmetic needs.

Rich and Dr. Roher start off by discussing how Dr. Roher got his start in Botox, leaving anesthesiology behind, the pros and cons of using Botox, Rich’s experience with Botox, the mindset of entrepreneurship, Dr. Roher’s impact on the San Diego community, what his business provides to clients, tattoo and hair removal, the best dosage for Botox, the history of botox, the various usage of Botox, lip and eye fillers, and the importance of moderation.
 
They then reflect on the therapeutic nature of Botox, Botox dosages, the botox family, Dr. Roher’s experience with COVID, generational reactions to Botox, taking care of ourselves, the healthcare system, Ozempic and how it relates to diabetes, the pros and cons to Ozempic, Uber Eats, Dr. Roher’s 7 day water fast, when we should start taking Ozempic, Dr. Roher’s business modeling, the history of Ozempic, the pharmaceutical industry, and why everyone hates insurance companies.

Lastly, they talk about real estate insurance, hormone replacement, testosterone injections in men and women, Dr. Roher’s experience with testosterone, the pros and cons of injecting testosterone, and nose fillers.

 

Connect with Alex on Instagram: @dralexnosebest
 

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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 "Saturday Edition" episode, Rich and Alex start off by talking about the Somers Capital yearly yacht meetups, which begin on May 11th. They then analyze the pros and cons of online dating, proper dating etiquette, and share some of their own first date stories. 

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.

Ready to turn real estate into your ticket to millions in 2025? Kassidy Warren, a powerhouse investor with over $100 million in assets under management, reveals the three game-changing strategies that can transform your portfolio.

Kassidy breaks down how luxury flips, ADU builds, and value-add commercial properties are the key to creating serious wealth. These strategies aren't just theories—they’re the proven steps that have worked for Kassidy and countless others in the real estate game.

As a leader in the Boutique Hotel Investing Mastermind Community, led by Rich Somers and Somers Capital, Kassidy shares his expertise on how boutique hotels can unlock massive returns and diversify your portfolio.

If you're serious about scaling your portfolio, unlocking high-value opportunities, and accelerating your real estate success in 2025, this episode delivers the tools you need to take action.

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 with Lauren Fisher - 8x CrossFit Games athlete, real estate investor, and founder of Grown Strong, an online fitness community for women. When she’s not busy training, competing, or hosting fitness retreats, she enjoys learning about & investing in real estate with her husband and family.

Rich and Lauren start off by discussing working out at Compound (a San Diego fitness complex), Lauren’s new team, Lauren’s workout routine, a deep dive of CrossFit exercises, Rich’s workout routine, the benefits of lifting, how Lauren got into weightlifting and CrossFit, the importance of real estate investing, what it takes to be an elite athlete, coaching in CrossFit and real estate, and testing testosterone levels for athletes.

They then reflect on women bodybuilders, professional pickleball, natural supplements, misconceptions in CrossFit and weightlifting, transitioning athletes, planning mastermind and fitness retreats across the world, and returning members to retreats

Lastly, they talk about destination spots, wine tasting across the world, Lauren and her husbands new property in Denmark, airbnb restrictions, the rate environment, why Rich is bullish on San Diego, and Lauren’s PRs in Crossfit.

 

Connect with Lauren on Instagram: @laurenfisher

Join Lauren’s Fitness Retreat Community: https://retreats.grownstrong.com/

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers
 

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 with Michael Chang - Entrepreneur, Real Estate Investor, and co-Founder and partner at Trustbnb Vacation Rentals and Trustbnb Capital. Based in New York, Michael owns and operates a portfolio of short term rentals in Philadelphia, PA and the Smoky Mountains, TN. Prior to building Trustbnb, Michael was a New York City-based investment banker, who spent over a decade at Citigroup, Merrill Lynch, and Jefferies advising public companies, private equity firms, family offices, and venture capitalists. He has advised and executed over $40 billion in transaction value across 52 deals in his career. 

Rich and Michael start off by discussing Manhattan, Wolfgang’s Steakhouse, Michael’s favorite sushi restaurant in New York, Brian Malarkey, Rich’s fourth boutique hotel closed, Michael’s portfolio, rental arbitrage, multifamily acquisition, the importance to investing into larger apartment buildings, the process to taking on large multifamily arbitrage deals, and looking for the right buildings to arbitrage in.

They then reflect on the biggest risks to the arbitrage model, Rich’s arbitrage deals across the US, the best markets to arbitrage in, what Michael recommends doing to start in arbitraging, Michael’s team layout, overseas virtual assistants, tracking KPIs, the CEO mindset, and buying in the Smokys. 

Lastly, they talk about moving equity, buying conservatively, the current rate environment, cost segregation studies, picking the right accountant, Michael’s under-the-radar potential new market, what Michael’s the most excited about in the coming year, where happiness stems from, the perks of financial freedom, and how entrepreneurship is a little like thanksgiving.

 

Connect with Michael on Instagram: @michaelchangbnb


Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase


Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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 "Saturday Edition" episode, Rich starts off by talking about a several deal updates for the Somers Capital Mastermind. Rich then analyzes the journey he and his team have gone on as they closed on a 44 unit boutique hotel in Sonoma Coast, negotiations with the seller, the full pricing of the deal, a few mishaps that happened along the way, and how navigate through potential issues.

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 with Eric Chadderdon - Entrepreneur, Multifamily Real Estate Investor, Co-Founder of Gibby’s Capital Investments, and a Wall Street Journal and USA Today Best Selling Author. Eric is headquartered in Houston, Texas and primarily focuses on Multifamily Acquisitions. He made the transition full time to multi-family real estate back in 2021 from direct sales and management.

In the last three and a half years, Eric has gone from 0-2043 doors as a General Partner, owning just over $260MM of Multifamily Real Estate. He’s been a guest on several podcasts, has articles written about him in both Yahoo Finance and the New York Weekly, is a Wall Street Journal and USA Today Best Selling Author for his book “All In,” and has been invited to speak at multifamily conferences across the nation.

Rich and Eric start off by discussing how they first connected in Orlando at Peak Partnership 2024 (an event hosted by Tyler Deveraux), meeting Tyler Deveraux, how Eric got started in real estate, learning from bad investments, Eric’s first property - a 220 unit multifamily property, partnering with mentors, Eric’s second property in Houston, the interest rate market, and Robert Martinez’s foreclosure.

They then reflect on their experiences with bridge lenders, raising capital for deals in a pinch, a deal that Somers Capital is going to be a co-GP on, where Eric got engaged, analysis paralysis, being a sole GP, in house property management vs third party management, what Eric recommends for the first deal, growing active communities, what Eric is focused on in 2024, and delayed gratification.

Lastly, they talk about learning how to raise money, the fear of the unknown and pushing through adversity, diet and fitness, starting with momentum, Lauren Fisher, the difference between success and failure, providing value to others, Rich’s experience with podcasting, the benefits of podcasting, Joe Rogan, and real estate meetups.

 

Connect with Eric on Instagram: @eric_chadderdon
 

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers


Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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 with David Pere - Entrepreneur, Real Estate Investor, Podcast Host, Author, Public Speaker, and Financially Free Marine. Dave is a 13-year Marine Corps veteran. In 2015, he purchased his first real estate investment– a duplex he house hacked, and then went all in on real estate. In 5 years he went from a negative net worth, to a millionaire with 100+ rental units, and was able to transition off active duty to work for himself. He’s written two books now about building wealth while serving, and has a community of 60,000+ Military Millionaires. 

Rich and Dave start off by discussing Rich’s Beers & Deal Meetup, Dave being able to exit the Marine Corps in December of 2023, Dave’s experience as a convoy truck driver, military pensions, why there’s no guarantee with pensions, the worst case scenario, Springfield, MO, Dave’s portfolio in Missouri, Dave’s new property in Tennessee, boutique hotels, increasing efficiency, and Patel Hotel Motels.

They then reflect on Dave’s portfolio in RV parks and boutique hotels, how Dave got started, the power of a brand, Connor McGregor and Road House, Dave’s experience renting on Turo, Fast Lane Drive, Rich’s G-Wagon, no money down loans and VA loans, barndominiums, living in places to entertain, Dave’s experience with social media, Dave’s Mastermind: The War Room, Rich and Dave’s biggest takeaway from getting into real estate, financial freedom, sleep schedules, and the highest and best use of Dave’s time.

Lastly, they talk about what Dave is most excited about for 2024, micro and macro-dosing, and prioritizing family.

Connect with David on Instagram: @frommilitarytomillionaire

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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 is joined by co-host Mike Tighe to answer the top question of the week that was sent in by our listeners. 

Rich and Mike start by talking about being able to co-host on a pod again. They then analyze no money down mortgages, VA loans, how both Mike and Rich got started with no money down loans, Mike’s portfolio, closing costs and agreements on terms, Rich’s portfolio, buying stocks, closing on properties with ADUs, why Rich was able to quit his job, capital gains taxes, and listening to experts and doing your own research.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Mike on Instagram: @miketighe_

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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 with Mike Tighe - Entrepreneur, Real Estate Investor, Author, Private Pilot, US Navy Veteran, Former Air Traffic Controller, and co-host of the Real Estate Takeoff Podcast. Mike left his $200,000 salary W2 job and now has over $80 Million in Real Estate, owned or built, and his podcast has over 250,000 downloads. He also happens to be one of Rich’s former partners and is responsible for getting Rich into the real estate game.

Rich and Mike start off by discussing how Mike introduced Rich into real estate, their first joint purchase, the law of reciprocity, why they love the multifamily asset class, why the Indianapolis market has been thriving, what Mike 1031 exchanged his portion of their first deal into, Joshua Tree and Big Bear, buying Airbnbs in 2022, oversaturated markets, the high interest rate market, pivoting into real estate development, why Mike wants to continue in the 30-60 unit build market, why Rich sees opportunity in Boutique Hotels, what Rich’s business coach has taught him, being bullish on San Diego, and the bonus ADU program that Mike utilizes. 

They then reflect on Mike’s properties in San Diego, permitting processes and coastal development permits in San Diego, return profiles and quarterly distributions, leap of faith modeling, bridge debt and loan lending, loans-to-purchase and construction debt, not triggering capital gains, refinancing, what Mike is looking to purchase next, the best way to source development deals, buying rundown retail, Andrew Greer’s episode, and why Rich is bullish on San Diego.

Lastly, they talk about what’s next for Mike, business coaches, Hunter Thompson, how to attract capital, networking events, co-GP armies, capital raising, Rich and Mike’s experience beginning in real estate, Mike’s advice for anyone looking to get into real estate, getting around the right groups, why hate never comes from above, the pay-to-play model, Mike’s wedding, and Mike’s biggest takeaways.
  

Connect with Mike on Instagram: @miketighe_
 

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This episode is a re-run of Blake Rocha’s original episodes, which aired May 16th and 18th, 2023. 
 
On today’s episode Rich sits down with Blake Rocha - Content Creator, Entrepreneur, Coach, ex-stock trader. Blake is the founder of BNB Profits Program and other 7 figure businesses. He’s only 26 years old and makes $175,000/month in passive income. 

Rich and Blake start off by discussing meeting each other through Mikey Taylor, how Blake got into real estate, teaching audiences about financial freedom, how to effectively build passive income, reducing tax payments, how to get into real estate and finding effective mentors, reverse engineering, Blake’s first real estate deal, and Rich’s first mentors.

They then reflect on Blake’s portfolio, why real estate is the best asset class, Rich’s best performing asset, creating unique wealth-building opportunities, having active income, why 401ks are ineffective in building wealth, constructing business around your lifestyle, the grind-set mentality, the seasons of work, chasing excitement, traveling without itineraries, where happiness stems from, the highs and lows, why Blake loves the journey and being addicted to the game, Alex Hormozi, the only guarantee being death, cutting out negativity and partnerships, and effectively adding value.

Lastly, they talk about Blake’s airbnb business, being able to retire their parents, Blake’s coaching program, the value of podcasting, why Blake sees value in YouTube, Threads and X (aka Twitter,) growing social media followings, how Blake got into making content, the value of a hook in content creation, documenting the whole process, Ryan Serhant, Pace Morby, the advancement of technology, Blake’s process to creating content, thinking in content, utilizing other content creator’s processes,  the value of saves and shares, becoming the expert through reacting, the benefits of rehearing content, hiring content managers, social media posting frequency, being perfectionists, Tai Lopez, playing stupid games, why real estate is evergreen, PPP Loans, and playing long term games.
 
Connect with Blake on Instagram: @mrfourtoeight

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On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. 

Rich and Alex start by talking about their plans for the weekend and daylight savings. They then analyze the importance of buying in high growth markets, Rich’s first multifamily deals, chasing cashflow, what the first deal should look like and the fundamentals to a good deal, where Rich sees potential in the market right now, the importance of appreciation, and Rich shares several tips on what to look for when buying a property.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

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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 Christian Osgood – Entrepreneur, CEO of Kenosha Property Management, and COO of Multifamily Strategy. Christian Osgood is a 32-year-old Real Estate Investor with a 200+ unit portfolio of Multifamily and Hospitality properties, based in Washington State and Texas. In 2020, Christian left a 4 year sales career at the Costar group to become a full time investor and with $100,000, utilized creative finance to purchase $24,000,000 in real estate assets.

Rich and Christian start off by discussing what Christian is doing in the multifamily space, the markets that Christian is in, the state of Washington, Gorge Amphitheater, Christian’s start as an investor at age 25, his portfolio of properties (including a 38-plex property that started with a chicken infestation), Rich’s 32-unit multifamily deal in Indianapolis, raising money, Christian’s boutique hotel in Washington, how Rich got into boutique hotels, the self-check in model, self managing properties versus third party management, having a full-time cleaning team on payroll, and why Rich enjoys real estate investing.

They then reflect on taking over multifamily properties, Christian’s experience with running a property management company, using Facebook marketplace to lease out units, decentralized property management, what rent runs for in central Washington, how Christian maintains 100% occupancy, the cash for keys technique, why Washington and California are not landlord friendly states, pickleball, and why Christian broke up his partnership.

Lastly, they talk about not burning bridges, disgruntled partnerships, Christian’s 28-unit mobile home park, Boeing’s influence in Washington, 6-month hotel stays, why Christian won’t change the zoning of one of his properties, what Christian is focused on in 2024, and what’s next after stabilization. 
 

Connect with Christian on Instagram: @christianosgood


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Mastering the art of raising and multiplying capital is non-negotiable, and John Azar is here to break it down. 

As the Founder and Managing Partner of Peak 15 Capital, John shares why the ability to raise capital is the ultimate game-changer in business. 

John and Rich break down how to attract the right investors, structure deals that work, and scale your business—whether you're just starting or already running an established operation. John also dives into the key steps for building strong investor relationships, managing deal flow, and securing the capital that will push your business to the next level.

Mastering capital raising is the key to unlocking true success and driving growth in any venture. If you're serious about leveling up, multiplying your capital, and opening doors to bigger opportunities, this episode is a must-listen.

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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.

This episode originally aired April 2020 on Rich’s old podcast “The Multifamily Takeoff”


Grant Cardone is the 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.

The group starts off by discussing Grant’s background growing up in Louisiana, Grant’s first few deals, what initially attracted Grant to Multifamily homes compared to single family, why multifamilies did the best during the pandemic, and the importance of job growth.

They then reflect on the need to scale, maximizing value with deals purchased, why renters want to pay rent, looking at deals during the pandemic, why Grant won’t invest in Wall Street, modeling investing after Warren Buffett, stimulus checks, and where Grant predicted the markets would go after the pandemic.

Lastly, they talk about new money in multifamily, lenders in the pandemic, Grant’s cash reserves, Grant’s vision for his own future, Grant’s Gulfstream 550, Grant’s biggest mistakes he’s made, and his advice to new real estate investors.

Connect with Grant on Instagram: @GrantCardone

Connect with Mike Tighe on Instagram: @miketighe_

Connect with Shawn diMartile on Instagram: @shawn_dimartile

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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 Ryan Garland – Entrepreneur and Real Estate Investor, Founder and Chairman of Paradyme, Developer and Investment Manager, and Fund Manager. Ryan’s company, Paradyme, is a private equity firm that has been at the forefront of developing innovative investment solutions. Garland started his career in real estate by dealing with Single Family Residences (SFR). During the 2008 recession, he demonstrated his strategic skills by successfully closing over $2 billion of real estate transactions. He focused on distressed assets and "workout turnarounds" in the SFR and commercial sectors, which helped him become a top originator in California. His outstanding performance earned him recognition in the prestigious Top Producer Magazine. Garland oversees a $100M debt fund for 1st Trust Deed bridge loans.

Rich and Ryan start off by discussing first connecting Miami for Ryan’s Mastermind, befriending Jordan Belfort, politics driving migratory patterns, the volatility of the market, private funding, shifting borrower activities, why hard money lenders make so much money, why Ryan will foreclose on properties, networks being your networth, Rich’s Boutique Hotel deal in Washington, why Ryan appreciates Rich’s funneling model, the importance of inviting investors into our families, and live streaming the development of properties.

They then reflect on what it’s like starting a debt fund, the risks in underwriting and debt funds, Ryan’s preferred budget for debt funds, financing boats, why there’s more cash buyers in the market today, car buyers, the PPP loans taken out during the COVID-19 pandemic, Ryan’s experience in 2008 financial crisis, Ryan’s boat, how Ryan ships his boat across country, and what Ryan is doing in the man cave space.

Lastly, they talk about barndominium designs, self storage spaces and financing, where Ryan sees demand for barndominium man caves, why Ryan won’t use airbnb for renting out his barncaves, why everyone hates the HOA, HOA policies, the Lifetime fitness model of reducing HOA costs, Ryan’s real estate projects and wineries, and a deep dive on mezz debt.
  

Connect with Ryan on Instagram: @ryangarland_paradyme

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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 DJ Young – Professional Pickleball Player.  DJ grew up in Burriana, Spain and played played junior tennis competitively from ages 4 to 16. He was first introduced to Pickleball at age 18 by his dad and has won numerous Pickleball accolades since turning pro, including the World Pickleball Championships, MLP Season 2 Newport Beach (Ranchers), and a PPA silver medal in men’s doubles.

Rich and DJ start off by discussing DJ’s childhood, the benefits of living in San Diego, how Pickleball (PB) got it’s start, the differences between PB leagues, how profitable PB is compared to sports like Tennis, DJ’s daily training routine, how to effectively recover from injuries, and the recent escalation of competition in PB. 

They then reflect on DJ’s connection to Tyson McGuffin, Hayden Patriquin, the ideal physicality to play Pickleball, Rich’s favorite things about being an entrepreneur, how Rich met Alex Johnson, what Rich was like before real estate investing, DJ’s idea to create his own podcast,  how DJ met and became friends with Golden Tate, the pay scaling of PB, Jokovich’s prize money, the differences between Pickleball and Tennis, famous Tennis players, and the intricacies of PB competitions.

Lastly, they talk about DJ’s future competitions, different competitive strategies in PB, the differences between singles and doubles events, how to get into Professional Pickleball, playing with intent, PB coaching, and the investing opportunities in Pickleball. 

Connect with DJ on Instagram: @djyoungpb

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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 joins co-hosts Thomas Castelli and Ryan Carriere on their podcast: Tax Smart Real Estate Investors. This episode originally aired in their feed on February 6th, 2024.
 
On this episode, they discuss Rich's journey and why he transitioned from multifamily value-add and STRs to boutique hotels, STR regulations and tax strategies, and personal branding tips for real estate investors.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Thomas: www.thomascastelli.com


Connect with Ryan: www.linkedin.com/in/ryancarriere

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Rich sits down with Alex Camacho – Real Estate Investor, Coach, and Mentor. Alex has a track record of over 150 real estate investment deals in the past five years. His primary focus has been on residential properties in California, and Hawaii, while he also owns a multifamily building in Phoenix, Arizona. Alex has been featured on numerous platforms, including the BiggerPockets Real Estate Podcast (Ep. 418), Wealthy Way Podcast (Ep. 058), and Real Estate Disruptors. He also hosts real estate investing meetups in Los Angeles, attracting over 150 attendees. 

Rich and Alex start off by discussing Guadalajara and its culture, what Alex is doing in the real estate space in LA, Palmdale, what Alex is doing in the multi-family space, 1031-exchanges, Rich’s Scottsdale Airbnb, the benefits of Las Vegas, and the Bigger Pockets conference.

They then reflect on Alex’s current passion projects, the benefits to working with virtual assistants, Alex’s experience with hosting meetups in LA, promoting nightclubs in LA, the value of meetups, what Alex is focused on in 2024, why realtors don’t get into investing, how Alex got into Real Estate, how Alex’s family responded to him getting into investing, and how Alex responded to the interest rate hikes in 2022 and 2023.

Lastly, they talk about the rate environment today, wholesaling deals, ADUs in LA county, permanent debt and seller financing, DSDR loans, Rich’s Airbnb properties, why Rich and Alex love San Diego, living in Hawaii, what Alex would’ve done differently getting started, and Alex’s biggest mistake.  

Connect with Alex on Instagram: @alexcamachotv

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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 Simon Keith – Social Entrepreneur, Humanitarian, Philanthropist, and former professional soccer player. Simon received a heart transplant when he was 21 years old and is known as the world’s first heart transplant recipient to play a professional sport. He’s one of the longest-living organ transplant recipients in the world, and had a second transplant in  2019. Today Simon is a successful businessman who is recognized as an expert in the fields of organ donation; C-Suite, Board of Directors, and Management Team development; and entrepreneurship. 
 
In 2012, he founded The Simon Keith Foundation, an organization dedicated to increasing organ donor awareness and educating transplant recipients. He also penned his autobiography, Heart for the Game – with a forward written by 2-time NBA MVP Steve Nash – that details his unique life journey. In the decade since, The Simon Keith Foundation has raised millions of dollars to support kids who have had transplants as well as spread organ donation awareness around the world.

Rich and Simon start off by discussing Las Vegas becoming a huge business hub, Simon’s experience playing professional soccer, the media attention that Simon experienced during his career, what Simon did after he retired from soccer, why athletes succeed as entrepreneurs, competitiveness & the difference between amateurs and professionals, Simon’s experience starting out as an entrepreneur in Las Vegas, going the extra mile in business, Simon’s first and second companies, staffing for stadiums, and Simon’s experience with Don King.

They then reflect on scaling companies and exiting companies, how Simon got into consulting, Simon’s experience doing an ESPN piece in 2011 and how it changed his life, Simon’s foundation and their mission, what Simon will typically speaks about during engagements, what young entrepreneurs need,  becoming the best version of one’s self, what we’re most afraid of, taking risks that others won’t take, how entrepreneurs can scale businesses, and the importance of character & building relationships with others.

Lastly, they talk about the importance of choosing the right partner, the key to staying married, Simon’s second heart transplant, what Simon is doing in the consulting game, how Simon determines whether he’ll invest in companies, what Simon is looking forward to in 2024, success in politics, the key to success in business, the fear of failure and success, and our greatest purpose.

Connect with Simon on his website: www.simonkeith.com

Connect to the Simon Keith Foundation: www.thesimonkeithfoundation.com

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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 is joined by co-host, Alex Camacho, on today’s episode of the Saturday Edition. They answer the top question of the week that was sent in by our listeners. 

Rich and Alex reflect on their experiences working with Virtual Assistants (or VAs). They then analyze the many roles that VAs can perform inside a company and where real estate investors can find the best VAs.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Alex on Instagram: @alexcamachotv

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 Henry Washington – Real Estate Investor, Author, and Co-Host of Bigger Pockets. When Henry married he quickly realized that working 50 hours a week was still not giving him enough income to provide his family with the life they deserve. After a late-night panic attack and some Google searches, Henry found that real estate investing was a powerful tool for building generational wealth. He immediately took action by attending local investor meetups, listening to podcasts, and telling everyone that he was an investor. Henry closed on his first investment property only 90 days later. Now he's 6 years into his real estate investment journey, has over 100 cash-flowing properties, and flips about 20 houses a year.
 

Rich and Henry start off by discussing how Henry became a host with Bigger Pockets, STR Wealth Con and Nashville, Brandon Turner, how to network correctly, Henry’s other podcast: On The Market, avoiding fearmongers, current interest rates, rate cuts and the current election year, and what Henry’s portfolio looks like right now.

They then reflect on real estate being a people business, how Henry finds deals, radio ads, how Henry got his start in real estate, buying the first deal, the buy and hold strategy,  whether one should flip or re-fi and hold properties, what Henry can typically pick up in his market, what working at Bigger Pockets is like, building trust with communities, Henry’s favorite members of Bigger Pockets, what Henry is most excited about in 2024, working with lenders, and what Henry teaches his students.

Lastly, they talk about hiring content managers, the benefits of utilizing social media, Ryan Pineda, different ways to add value, the value of hosting meet ups, successful real estate investors and those who give up, and growth and progress.
  

Connect with Henry on Instagram: @thehenrywashington

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 David August – Founder, CEO, and Creative Director of David August Clothing and co-partner with Conor McGregor for August McGregor, a luxury lifestyle brand. Since 1989, David August Heil has crafted the finest custom men’s wardrobes for international leaders in business, sports and entertainment, like Tony Robbins, Frank Gehry, Jeff Koons, Sylvester Stallone, Chris Hemsworth, Robert Downey Jr., Lorenzo Fertitta, Warren Buffett, Dave Bautista, Brooks Koepka, Sean McVay, Elon Musk, Louis D'Esposito, Conor McGregor and many others.

Rich and David start off by discussing the gift that David gave to Rich prior to recording, Conor McGregor’s last fight, David’s brother - Duane, how David got into clothing design, David’s first company - David Rickey and Co, what David learned from his first mentor, and what it’s like dressing Calvin Klein.

They then reflect on the importance of personal branding, collaborating with others, how David met Conor McGregor, Dana White, David’s fashion collaboration with Conor McGregor - August McGregor, how August McGregor was announced, Conor’s famous suit, what being viral means, exclusivity in fashion and branding, Conor McGregor’s wardrobe, Conor McGregor’s fight with Floyd Mayweather, the next press tour that David will be on, how fashion has evolved in the last 20 years, and why fashion begins in Europe.

Lastly, they talk about why certain brands are considered more exclusive and luxurious than others, proper jean measurements, what David is looking forward to in 2024, David’s new clothing company, the difference in clothing styles between the east coast and west coast, and making fashion affordable.

Connect with David on Instagram: @davidaugustheil
 
 Check out David August Clothing on Instagram: @davidaugustclothing

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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 the top question of the week that was sent in by our listeners. 

Rich and Alex reflect on their trip to Nashville for STR Wealth Con and the mastermind trip, co-hosted with Investor Girl Britt, in Cabo coming up in a few weeks. They then analyze why Set Jet, a charter airline with a membership-based and by-the-seat private jet program, went out of business. Rich then shares his insights to why real estate is the safest bet to invest in.

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.

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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.

Asset protection is a game-changer for real estate investors, and Mauricio Rauld is pulling back the curtain on how to structure your LLCs for maximum security. 

With over two decades of experience as the founder of Premier Law Group, Mauricio is a trusted authority in asset protection and tax strategies for real estate professionals. In this episode, he dives deep into the importance of setting up LLCs properly to protect your assets and minimize liability risks.

Mauricio breaks down step-by-step how to structure your LLCs to shield your wealth from potential threats, offering actionable advice whether you're new to real estate or a seasoned investor. 

He also reveals how the right legal framework can help you navigate both liability protection and tax efficiency—crucial elements for building long-term wealth.

Rich Somers offers his perspective on how structuring LLCs and protecting assets has been a crucial part of his own real estate strategy, enabling him to scale his portfolio to $80M AUM.

Gain key insights into LLC structures, risk minimization, and safeguarding your assets against unforeseen challenges in this must-listen episode.

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 Levi Lascsak – Real Estate Agent, Video Creator, and Co-Founder of Living in Dallas Texas, Passive Prospecting, and Passive Productions. Levi and his partner, Travis, made $1 million in their first year marketing their real estate business on Youtube. They surpassed $2.6 Million in the first seven months of their second year. Also an Iraq combat veteran, Levi is a frequent speaker and entrepreneurial expert who has led new companies to seven figures in less than two years. 

Rich and Levi start off by discussing Tyler Devereaux, hyper-learning subjects, what building out a successful YouTube channel looks like, what Levi recommends doing to grow on YouTube, Joe Rogan’s method of creating content, searchable content on YouTube, the most searched topics for real estate, titling videos on Youtube, tools to use with YouTube, the importance of a YouTube thumbnail, maximizing key words, and avoiding cross posting between channels.

They then reflect on Levi’s experience as an army veteran, Levi’s experience growing up in Texas, conflicts in the Middle East, changing views after traveling, Levi’s favorite countries to travel to, the Netflix show “Chef’s Table,” Peru and it’s cuisine, Jack McColl and Venezuela, Levi’s experience as a real estate agent, how to effectively have a partnership, generating organic leads, Levi’s tactics to creating content, providing service-based content, why Levi doesn’t look for views or subscriptions, and why the most visible real estate agent wins.

Lastly, they talk about confidence and leveraging the time to make content, TikTok, the different demographics of social media sites, building relationships with viewers, why like attracts like, Tarek El Moussa and his pitch to Rich, Levi’s experience being on HGTV’s House Hunters, whether being on television is worth it, and why all exposure is advantageous.  

Connect with Levi on Instagram: @levilascsak

Visit primecorporateservices.com/richsomers to book a free call

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 Paul Alex – Entrepreneur, Founder of New American Dream, Former Law Enforcement Officer (LEO), and Author. Paul transitioned from a career as a detective in law enforcement to a serial entrepreneur in the world of digital marking. He’s generated $25+ Million in revenue through ATM ventures since January 2021 and achieved a recent milestone of $1 Million in revenue in his newest venture, MerchantAutomation.com.

Rich and Paul start off by discussing what it’s like being a cop in Oakland, the application process of being an officer, being solution driven, leading by example, transitioning from being a LEO to being an entrepreneur, Facebook ad funnels, the BLM movement, customer service jobs, simplicity equalling success, providing value in content, personal brands, and Alex Hormozi.

 They then reflect on how much money would change our lives, being on Instagram, humble beginnings, Paul’s coaching program, what separates out success in entrepreneurship, nurturing client relationships, celebrating wins with clients, why success loves speed, making others successful, building out brands, merchant automation services and credit card fees, and financial freedom.

Lastly, they talk about success in content creation, converting organic followers, Instagram verification, vetting offers, hiring the first salesperson, becoming extroverted, treating employees well, having more options today, and what makes us happy.

Connect with Paul on Instagram: @thepaulalex

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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 is joined by Co-Hosts, Jeff and Daniel Bommarito, on today’s Saturday Edition. They answer the top question of the week that was sent in by our listeners.

Rich and the Bommarito Brothers speak on meeting Ryan Garcia in Miami, planting the seeds of meeting others and what it takes to start your own photography and videography business. They also discuss the differences in camera lenses, finding the right mentors to help you get started, the right equipment to start and finding the path while making the path forward.

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Jeff Bommarito on Instagram: @jeffbommarito
Connect with Daniel Bommarito on Instagram: @bommaritofineart

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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 Eli Facenda – Entrepreneur and Founder of Freedom Travel Systems, which helps other entrepreneurs maximize luxury travel points to unlock bucket list travel experiences. Eli has visited 42 countries in the last 5 years and is able to leverage credit card points to get on average around $100k of luxury travel per year.

Rich and Eli start off by discussing being connected through Jack McColl, travel hacking, millennials as sharers, utilizing credit cards effectively, Eli’s craziest trip that he’s paid for using only points, first class international flights, AmEx’s travel platform & revenue pricing models, Rich’s experience in Buenos Aires, maximizing credit point earnings and credit point values, the tax benefits of using credit card points, the fastest way to get to elite status, which cards Eli recommends for travel, AmEx Gold vs. AmEx Platinum, and the wrong way to use credit card points.

They then reflect on Eli’s company, Karlton Dennis, traveling without an itinerary, the best time to buy an airplane ticket, SetJet,  the ROI of flying first class, the most limiting belief to credit card points, airport lounge access, Nectar Island, top tier status, the AmEx Centurion Card, what trips Eli is looking forward to this year, Norway in the summer, Eli’s top 3 cities he’s been to.

Lastly, they talk about Budapest, Ireland, Turkey, David August, Eli’s trip to Uganda, and the best way to go on a safari trip.
 
Connect with Eli on Instagram: @elitravelguy

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.

Visit primecorporateservices.com/richsomers to book a free call

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.

This episode is a re-run of Mikey Taylor's original episodes, which aired May 16th and 18th, 2023.

Rich sits down with Mikey Taylor- 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. 

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. 

Rich and Mikey then talk about 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: @mikeytaylor

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 is joined by Co-Host, Pace Morby, on today’s Saturday Edition. They answer the top question of the week that was sent in by our listeners.

Rich and Pace speak on the fundamentals of subject-to real estate deal, the types of candidates that make for a good seller, defaulting on sub-to deals, positioning landlords to lenders, and negotiating with maximum leverage. They also discuss the willingness to over-paying on a property, amortization, and bank lending.  

If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!

Connect with Pace on Instagram: @PaceMorby

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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 Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets.

Rich and Pace start off by discussing the first time Pace came on the pod, what Pace and Rich have been up to in the last 9 months, providing equity to employees, and aligning interests with employees.

They then reflect on what makes them happy as entrepreneurs, Pace’s A&E Show, the importance of sales and marketing, what makes for a successful entrepreneurs, operating in front of the camera, Alex Hormozi, and utilizing social media.

Lastly, they talk about Pace’s Mastermind, their experience at STR WealthCon 2024, American Airlines and Set Jet, promoting Mastermind members, how Pace got 1,000 units under contract in just over a month, and picking up vans with subject-to.

Connect with Pace on Instagram: @PaceMorby

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 Mike Sjogren – Podcast Host of Short Term Rental Secrets, Hotel & Short Term Rental Investor and Coach, and founder of the Short Term Rental Secrets Mastermind. Mike and his wife Krysten started their short-term rental investment and management company in 2017, as a vehicle to build passive income so they could stop trading away time from family for a paycheck. That vision came to fruition within 18 months when their short term rental portfolio replaced their income and Krysten, and Michael both left their corporate jobs. They are based out of Boston, MA, and currently have a portfolio of 43 short-term rental properties across four states, including 2 boutique hotels on Boston’s north shore.

Rich and Mike start off by discussing how they first met, what hosting live events is like, the importance of networking events, how Mike got into real estate investing, quitting W2 jobs, cashing out 401ks, creating your own fire, gaining the confidence and committing to starting, the power of masterminds, elevating how we think, shiny object syndrome, pushing two rocks up a hill, and mastering one thing before branching out.

They then reflect on changing your identity, aligning with others who elevate your interests, what happens when tomorrow isn’t guaranteed, Mike’s first co-hosting deal, Mike’s boutique hotels, commercial real estate, the difficulties of the first deal, having the right connections and finding the right partners, why boutique hotels are becoming more popular, the opportunities that boutique hotels create, the difference between boutique hotels and STRs, Mike’s 13-unit boutique hotel, Mike’s new 57-unit boutique hotel in Salem, and creating great experiences for guests.

Lastly, they talk about switching from in-house management to third party, business infrastructure and real estate strategies, the 80/20 rule, hiring A-level players,  what separates great leaders from mediocre leaders, facilitating integrity, Elon Musk, accountability, their highest and best use of time, intentional scheduling, EOS coaching, what excites Mike currently, his Mastermind, Mike’s weekly schedule, Warren Buffett, compressing deadlines, Alex Hormozi, and making expedited decisions .

 

Connect with Mike on Instagram: @the_airbnbguy

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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.

How To Find A Good Boutique Hotel Deal | Saturday Edition 144On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. 

Rich reflects on visiting Miami last weekend for a mastermind hosted by Ryan Garland and meeting Jordan Belfort, Wes Watson, and Ryan Garcia. Rich then analyzes the three things that support finding a good boutique hotel deals. Rich then discusses what he looks for in the next great deal, finding the right broker, direct-to-seller deals, underwriting deals, and setting up GP/LLC structures.

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 Mark Moss – Podcast Host, Radio Host, Founder of Market Disruptors and Co-Author of the bestselling book, The UnCommunist Manifesto.  Mark’s show, The Mark Moss Show, analyzes such topics as Economics, Business, Bitcoin, and Freedom. Mark has founded seven companies that hit 7-8 figures in less than a year with multiple business exits including a high valuation Fortune 500 exit. He’s also fixed and flipped over 100 homes and developed over $25m in real estate.

Rich and Mark start off by discussing living in San Clemente, Mark’s studio, how Mark got his start in real estate, how certain events create wealth transfers, the greatest transfer of wealth in American history, the 2008 market crash, how 12 million businesses are owned by baby boomers, the opportunities to grow wealth, where baby boomers are putting their money, where millennials are putting their money, where real estate trends are heading, why millennials are considered nomads, South American real estate, and supply and demand.

They then reflect on the current market rates, a deep dive on cap rates and how they affect the economy, where Mark foresees rates going, how intertwined the Federal Reserve and the Treasury actually is, The Fed’s 2024 rate cuts, why Mark stays away from stocks and Wall Street, international investing, why people don’t actually want more money, why bitcoin is a great investment, the velocity of money, value add projects, and the difference between being rich and having wealth.
 
Lastly, they talk about the fundamentals of Bitcoin and why one should buy it in 2024, the decentralized revolution, authoritarian governments, when investors should sell, the volatility of bitcoin, and Mark’s fund.

Connect with Mark on Instagram: @markmoss
 
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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.

What’s the real impact of the post-2024 election for real estate investors? Rich Somers sits down with Mauricio Rauld, a seasoned securities attorney and founder of Premier Law Group, to break down the 5 major shifts that could seriously change the game. With Trump’s victory, things like bonus depreciation coming back, a more relaxed definition of accredited investors, and the potential to see the Corporate Transparency Act repealed—these changes are a huge opportunity for investors who are ready to act.

Mauricio, who’s helped numerous investors navigate securities law and raise capital through syndications, dives into how deregulation in crowdfunding and the ability to get paid for connecting investors could transform the capital-raising game. Rich gives his take on how these changes are more than just political—this is the kind of shift that opens up massive potential for those who know how to capitalize on it. Tune in to hear how you can seize the moment and get ahead of the curve.

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 Chris Groves – a serial entrepreneur who is leading the way in the lending industry and has funded over $7 billion in loans. He and his wife, Aleyna, started Groves Capital Inc, a family-owned mortgage company with the lowest rates in the industry. Groves Capital’s greatest accomplishments have been growing from 2 people to 575 across 25 states in fewer than three years; creating a family feel across the company where everyone works together to help others become successful; and doing billions in volume in such a short amount of time.

Rich and Chris start off by discussing Fast Lane Drive, Chris and Aleyna’s new TV Show “Vows to Ventures,” current market trends, the longevity of the baby boomer generation, re-fi loans, Chris’s new fourplex in Coronado, who funds traditional and non traditional loans, defaulting on loans, and payment penalty negotiations.

They then reflect on non-qm products, DSDR loans, partnering on loans, the importance of location, value add projects, what bridge lenders are capping loans at right now, ARV Percentages,  appraising properties, Appraisal Management Companies, fighting and shopping appraisals, and Chris’s experience as an appraiser.

Lastly, they talk about re-financing into fixed debt, development deals, the risks of personally guaranteeing notes, DSDR thresholds, Insurance Rates in California, International lending, where Chris is lending currently, Belize becoming a hot zone, and where Chris plans to travel to in 2024.
 
Connect with Chris on Instagram: @ceogrovescapital

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

Visit primecorporateservices.com/richsomers to book a free call

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 joins Bethany LaFlam on her Bubbles with Bethany Mastermind, recorded in January 2024. Bethany is an Entrepreneur, Seasoned Deals Lawyer, Managing Partner of Premier Law Group, Mother, and Visionary. With more than 20 years of experience practicing law, Bethany has leveraged that expertise into her business life.

Rich and Bethany start off by discussing what Rich’s unique superpower is, Bethany’s experience becoming a lawyer, the benefits of getting into real estate, Rich’s Boutique Hotel Fund and how to join it, what wealth means to them, prioritizing health, Bethany’s boutique hotel in Belize, the most recent boutique hotel that Somers Capital has acquired, a new deal that Rich is currently looking at, and whether Rich’s Boutique Hotels are independent brands.

They then reflect on the benefits of masterminds, building communities, celebrating Beers & Deals, taking over underperforming properties, whether California is actually affordable for real estate, and Mikey Taylor.

Lastly, Rich and Bethany talk about Excelsior Stays, direct booking, Rich’s take on the Airbnb Crash, what a good operator looks like, the hold period for Boutique Hotels, current marketing trends, diversification, which locations are best for boutique hotels, InvestorGirlBritt, and then Bethany opens up a Q&A for her mastermind. 
 
Connect with Bethany on Instagram: @bethany_laflam

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 brings on his old business partner, Shawn DiMartile - Real Estate Investor, Host of The Real Estate Takeoff Podcast, Co-Founder of Takeoff Capital, Author of California Gold, and US Navy Veteran. Before cashing out his 401k to get his start in real estate, Shawn worked as an Air Traffic Controller for 6 years and before that he was a Navy Controller. He now owns over 300 rental units, $50 million in real estate, and his podcast, The Real Estate Takeoff, has over 200,000 downloads. 
 

Rich and Shawn start off by discussing a recent rain storm in San Diego, how they met each other and got into the real estate game, their first deal: a 32-unit property in Indianapolis, what Shawn and Mike Tighe (his business partner) are currently focused on, Bonus ADUs in San Diego, being bullish on San Diego and ADUs, current market trends, landlord tenant laws, investing in San Diego, the synergy Shawn and Rich still have, the top ten states with high income taxes, and property insurance.

They then reflect on cashing out their 401ks, Shawn’s new book “California Gold,” the stress of working as an Air Traffic Controller (ATC), the dangers of working graveyard shifts, the craziest stories they had as ATCs, Mike Tighe’s piloting skills, whether you can actually retire off of a 401k, the evergreen cashflow of real estate, the government profiting off of 401ks, and S&P Index Funds.
 
Lastly, Rich and Shawn talk about the trains of San Diego, what Shawn and Mike started focusing on after Rich left the partnership, a deep dive into Bonus ADUs, Takeoff Capital’s 10-unit Ocean Beach apartment complex,  Takeofff Capital’s deal in Pacific Beach, appealable and non-appealable coastal zones, Rich’s new 3-Story ADU in Little Italy, underground parking for apartment complexes, third party property management, their 32-unit property in Indianapolis, listing vacancies on Craigslist and Facebook Marketplace, Tenants in Common, and then reflect on the last 5 years of success in real estate.

Connect with Shawn on Instagram: @shawn_dimartile

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.