Rich Somers
The Rich Somers Report
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k...
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Epizody
What You Need to Know About Raising Money for Real Estate w/ Top SEC Attorney | Bethany LaFlam E86 21.09.2023 1:04:44
Rich sits down with Bethany LaFlam - an entrepreneur, a seasoned deal lawyer, a mother, and a visionary. With more than 20 years of experience practicing law, Bethany has leveraged that expertise into her business life. In her role as Managing Partner of Premier Law Group, Bethany focuses primarily on real estate syndications and funds, helping syndicators build their empires by safely leveraging...
How to Value, Acquire, and Optimize Small Businesses | Greg Wilson E85 19.09.2023 51:48
Rich sits down with Greg Wilson - CFO, Investor, Coach, and CPA. Greg’s career has spanned over 14 years and he’s raised over $200 million in private capital. He’s the founder of the E-commerce Accelerator, an online course and accelerator program designed to help e-commerce businesses succeed. Additionally, Greg serves as a managing partner at Precision Financial, a firm providing accounting, CF...
New Real Estate Investor Tips & Importance of Knowing Your Why | Saturday Edition E84 16.09.2023 22:51
On today's episode, we're rolling out a new segment called the "Saturday Edition" where Rich answers top questions of the week that are sent in by our listeners. If you have a question you'd like answered, please email info@somerscapital.com and stay tuned every Saturday to see if it's featured. We hope you like this new, interactive segment and appreciate your suppor...
He’s an ADU Developer Who’s Changing the Real Estate Game | Chris Luna E83 14.09.2023 42:42
Rich sits down with Chris Luna - an entrepreneur, real estate investor, host of the On the Come Up podcast, and ADU Developer. Over the last 7 years, Chris has completed over 35 transactions in the sunny San Diego market. He’s on a mission to help a million people build generational wealth through practical development and starting in their own backyard. Rich and Chris discuss the ADU business,...
Why Those Who Take Action Win the Game w/ Founder of EverBowl | Jeff Fenster E82 12.09.2023 1:19:08
Rich sits down with Jeff Fenster, an entrepreneur, best selling author, podcast host and expert in relationship capital. He was named a top 100 Entrepreneur in America, Top 40 Executive under 40 by the Business Journal, and a Top Entrepreneur to Follow for 2022. Jeff is also the founder of the So Cal-based superfood brand, everbowl. everbowl is nationally recognized for making healthy superfoods a...
She’s Wholesaled and Flipped 100 Houses at Age 25 | Dominique Gunderson E81 07.09.2023 53:36
Rich sits down with Dominique Gunderson – a 25-year-old house flipper, real estate investor and co-founder of Gunderson Homes with her husband, Mitch. Dominique has been investing in real estate since she was 17 years old, and has built up to owning a successful real estate investment company in New Orleans, Louisiana. Between wholesaling, flipping, and buy and hold investments, she has over 80 de...
2X Your Cashflow Using this Short-Term Rental Design Strategy | Somerled Designs E80 05.09.2023 55:49
Rich sits down with Jordan McDonough and Bri West – the founders of Somerled Designs. Somerled is a design firm specifically for short term rentals. Their main focus is designing spaces that help maximize their clients' cash flow and overall return on investment. They do this by studying the market, understanding customer preferences, and applying their design expertise. Somerled designs prop...
Why “Broke” is Just a Mindset & Where Opportunity is Tomorrow | Ryan Pineda Pt. 2 E79 31.08.2023 42:25
In part 2 of Rich's interview with Ryan Pineda, they discuss Ryan’s entrepreneurial mindset, the most successful daily routines, and the difference between a planner and a visionary. They also talk about choosing opportunities, Ryan’s ventures into acquiring companies and cars, and his experience with peptide therapy. Ryan Pineda is a serial entrepreneur and the CEO of seven different 7-8 Fig...
How Pro-Baseball & Couch Flipping Paved his Path to Entrepreneurship | Ryan Pineda Pt. 1 E78 29.08.2023 39:22
Rich sits down with Ryan Pineda – A serial entrepreneur and the CEO of seven different 7-8 Figure businesses. In addition to that he owns 500+ rental properties, has received 500M+ views on social media, and is a retired pro baseball player. He also hosts The Wealthy Way Podcast, where he interviews top experts in business, health, faith, and relationships while sharing his own experiences. Rich a...
He’s Placed $7 Billion of Debt for Real Estate Investors & Entrepreneurs & Invests in Luxury Real Estate | Chris Groves E77 24.08.2023 39:28
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 Inc. greatest accomplishments have been growing from 2 people to 575 across 25 states in fewer than three years; cre...
He Moved Here From India with Zero Money and Now Owns 7 Hotels | Neil Shah E76 22.08.2023 51:11
Rich sits down for an interview with Neil Shah – President of Inntech Management and a leader in the hospitality industry. Neil started out as an electrical engineer in India, and at age 23, moved to California where he became a hotelier and a GM. Since then, Neil began investing in hotels and has grown to multiple properties in Arizona. Neil currently owns 7 boutique hotels. Rich and Neil discus...
How to Grow a Social Media Audience Starting From Zero Followers | Ryan Magin E75 17.08.2023 1:13:51
Rich sits down with Ryan Magin, who is pioneering the way short form content is filmed, edited & directed. He invented the subtitles all your favorite influencers use on TikTok, Reels & Shorts today. He is an advocate of creating non-niche videos to get millions of views in order to build a loyal brand that you can profit from long term. Together with his team he has grown 7 accounts (incl...
Leaving Your 9-5 to go "all-in" on the Short-Term Rental Game | Patryk Swietek E74 15.08.2023 40:12
Rich sits down with Patryk Swietek, a 26-year-old serial entrepreneur who started his first company at 14 years old making $40,000/year. He currently owns 6 properties and manages 20 for others in the Joshua Tree area. He’s become a thought leader in the STR space by putting on industry conferences, monthly meetups and a Facebook community of investors called STR Nation. He’s passionate about teac...
He Left Pro Basketball to Develop Luxury Homes and Apartment Buildings | Terry Harris E73 10.08.2023 38:16
Rich sits down for an interview with Terry Harris – Former G-League NBA Player for the Delaware Blue Coats. His brother, Tobias Harris, is an NBA Pro player for the Philadelphia 76ers. At age 27, Terry is now the CEO of CSH Real Estate Corp, investing in luxury homes and apartment buildings in Joshua Tree and Los Angeles. He was first introduced into the world of real estate when he bought a home...
He Makes $175K/month in Passive Income & Why Social Media is Changing the Real Estate Game | Blake Rocha E72 08.08.2023 1:06:33
On today’s episode Rich sits down with Blake Rocha – a reformed stock trader turned content creator to now Airbnb investor and coach. He’s the founder of BNB Profits Program and multiple other 7 figure businesses. He thrives on helping people dream bigger, create their own future, all while accumulating assets that cash flow. Rich and Blake discuss what it means to be 26 years old in the investing...
He Helps Entrepreneurs and Investors Maximize Their Performance, Longevity, and Quality of Life | Ryan Kennedy E71 03.08.2023 54:23
On today’s episode Rich sits down with Ryan Kennedy – a Functional Medicine Practitioner, Traditional Naturopath, and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He hosts The Ryan Kennedy Show, a podcast that brings cutting edge information on health, fitness & functional medicine to improve his audience’s wellbeing in all...
Real Estate Tax Strategies Exposed | Ryan Bakke E70 01.08.2023 55:06
On today’s episode, Rich sits down for an interview with Ryan Bakke – Real Estate Investor and CPA for over 200 Real Estate Investors. Ryan has a background in Accounting and Finance and previously worked at Deloitte for two years. Through his education business @LearnLikeACPA, he has educated thousands of investors on different ways that they can become tax smart. Ryan's investment portfolio...
He was on Season 16 of The Bachelorette and Now He’s Changing the Solar Energy Game | Chasen Nick E69 27.07.2023 36:25
On today’s episode, Rich sits down with special guest and local San Diego resident, Chasen Nick. Chasen grew up in the Bay Area, was a D1 swimmer in college, and then ultimately ended up in San Diego where he worked in the recruitment industry for 9+ years. After hitting a ceiling in his 9-5 during Covid, he was asked to be a contestant on The Bachelorette. After his time on the show, he’s transit...
The “King of Debt” Exposes Credit Hacks to Grow Your Business or Real Estate Portfolio | Jack McColl E68 25.07.2023 47:58
In today’s episode, Rich sits down for an interview with Jack McColl, the “King of Debt” – Jack, the founder of Credit Stacking, scaled from zero business credit to $500k in approved credit in just over 1 year, which he’s used to fund a variety of new businesses and investments. He now teaches his unique framework to over 2,000 entrepreneurs, helping them get access to hundreds of thousands of dol...
He Founded an Exotic Car Community That’s Changing the Way Business and Networking is Done | Clement Connor E67 20.07.2023 46:51
On today’s episode, Rich sits down for an interview with Clement Connor – CEO & Founder of Fast Lane Drive, an exclusive exotic car club with locations in Los Angeles, San Diego, Scottsdale, Las Vegas, Miami, Austin, Monaco, and Washington DC. They’ve cultivated a community of individuals who love driving their cars, meeting like-minded enthusiasts, and giving back to their community. Clement...
How He Scaled to Over 70 STR Listings in Just 4 Years | Rafa Loza E66 18.07.2023 39:03
On today’s episode Rich sits down with Rafa Loza – short-term rental & boutique hotel investor, who’s made his mark in the hospitality and short-term rental industry over the past six years. Originally leveraging an arbitrage model, Rafa seamlessly transitioned into boutique hotel operations, his entrepreneurial spirit fueling his growth. He now owns and operates a large-scale hospitality bran...
Where Interest Rates Are Headed & Lending Market Update | Jonathan Yoo and Dustin Rosenberg E65 13.07.2023 45:42
On today’s episode, Rich sits down for a conversation with Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans. They do a deep dive into what’s going on in the market and the current interest rate environment. They discuss unemployment numbers & large company layoffs, tips for investors looking to get a DSCR loan, and some insight on how to make your appraisal process go smoothly. They also...
How Miss Nevada Makes $2,000,000 a Year from Mini-Mailboxes | Lisa Song Sutton E64 11.07.2023 44:40
In today’s episode, Rich sits down for an interview with special guest Lisa Song Sutton – real estate investor and entrepreneur with a family office of $60M AUM. Lisa is former Miss Nevada, and now she's found a creative way to make $2 million a year through mailboxes. With a background in business litigation, Lisa began her career working in a top Las Vegas law firm before launching and scal...
He’s Buying a 130 Unit Hotel & Why Lack of Time is Not an Excuse | Blake Dailey E63 06.07.2023 53:50
In today’s episode, Rich sits down with special guest Blake Dailey. Blake is a boutique hotel and STR investor as well as an active duty Air Force officer. He started investing in short-term rental houses with ADUs and scaled quickly into commercial real estate. After surpassing his W2 income with his cash flow, Blake pivoted to commercial multifamily and syndicated his first large apartment deal....
How to Decide Which Real Estate Investing Path is Right for You | Omar Alfaro E62 04.07.2023 51:49
In today’s episode, Rich sits down for an interview with Omar Alfaro – wholesaler, flipper, real estate broker & investor with 21 years of experience in the real estate space. He discusses the various aspects of his business, including buying & flipping houses, holding rentals & STRs, and developing property. They talk about the impact of the current interest rate environment on the re...
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