The Rich Somers Report

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...

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 b...

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...

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; creati...

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, Betha...

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 mil...

Rich sits down with Adam Nelson and Braun Thueson - Founders of Top1Percenter, a mentorship program that was created to inspire, influence, and help others to achieve life success, business success, and have success investing in real estate. Rich, Adam, and Braun start off by discussing how Rich first met Adam, how Adam and Braun first got started in sales, traditional door-to-door sales, applying...

On today's "Saturday Edition" episode, Rich is joined by co-hosts Adam Nelson and Braun Thueson - Founders of Top1Percenter, a mentorship program that was created to inspire, influence, and help others to achieve life success, business success, and have success investing in real estate.  They answer the top question of the week that was sent in by our listeners.  Rich, Adam, and Bra...

Rich sits down with Elliott Caldwell - Entrepreneur, Real Estate Investor, CEO, and Co-Founder of Home Team Vacation Rentals.  On April 1st, 2022 Elliott sold his previous business.  After a 2-3 month hiatus Elliott started a management company (Home Team) with Michael Elefante. In 16 months Home Team has become one of the fastest growing property management companies in the country with over 320...

On today's "Saturday Edition" episode, Rich is joined by co-host Mauricio Rauld -  Real Estate Syndication Attorney and Founder/CEO of Premier Law Group. Rich and Mauricio answer the top question of the week that was sent in by our listeners. Rich and Mauricio discuss the two big LLC changes coming in 2024. They analyze the Corporate Transparency Act and what it means for LLC owners...

Rich sits down with Mauricio Rauld - Real Estate Syndication Attorney and Founder/CEO of Premier Law Group. Known as one of the few lawyers that actually speaks English, Mauricio helps real estate syndicators, and those looking to tokenize their real estate offerings, stay out of jail by ensuring full compliance with Federal and State securities laws. Mauricio was recently featured on the cover of...

Rich sits down with Rick English - CEO, CFO, COO, VP of Operations, and now the founder of UP Advisors. After 22 years of experience as a business manager, Rick founded UP Advisors, a Business Consulting and Coaching program. Through his coaching, Rick works with entrepreneurs and companies who are burned out and need fresh insights. Rich and Rick start off by discussing Rick’s trip to California,...

On today's "Saturday Edition" episode, Rich is joined by co-host Rick English who, after 22 years of experience as a CEO, CFO, COO, and VP of Operations, founded UP Advisors, Business Consulting and Coaching. Rich and Rick answer the top question of the week that was sent in by our listeners.  Rich and Rick discuss how Rick’s clients can effectively calculate the value of their time...

We’re back in the studio for 2024!  On today's episode, Rich highlights his holiday break. He then offers his advice on why you should buy boutique hotels, the steps to take in order to buy boutique hotels, and what it takes to operate a boutique hotel. Rich then provides examples of several successful boutique hotels he’s bought and how Somers Capital got into the boutique hotel space. Join...

Happy New Year! On today's episode, Rich reveals the #1 spot for the most downloaded episodes of 2023: Grant Cardone (This episode is a re-run. Original airdate was on May 25th, 2023) 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. We’ll be back with our regular c...

Happy Holidays! On today's episode, Rich reveals the #2 spot for the most downloaded episodes of the year: Pace Morby  (This episode is a re-run. Original airdate was on April 27th, 2023) Pace Morby is a 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 tha...

Happy Holidays! On today's episode, Rich reveals the #3 spot for the most downloaded episodes of the year: Jack McColl.  (This episode is a re-run. Original airdate was on July 25th, 2023) 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 hi...

Happy Holidays! On today's episode, Rich reveals the #4 spot for the most downloaded episodes of the year: Kris Krohn.  (This episode is a re-run. Original airdate was on October 17, 2023) Kris is a Best Selling Author, Business Coach, Real Estate Investor, and Mentor. He is an expert wealth coach with 5,000 real estate deals, numerous businesses, and growing influence. Check in on Thursday (...

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.  Rich and Jennifer reflect on the last year of progress at Somers Capital and what’s to come in 2024. They then analyze what makes for launching a successful boutique hotel, being hospitable, automated management, and the biggest challenges of working in the boutique h...

On today's episode, Rich reveals the #5 spot for the most downloaded episodes of the year: Ryan Pineda. (This episode is a re-run. Original airdate was on August 29, 2023) Ryan is 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...

Rich sits down with Chris Cunningham - Entrepreneur, Business Executive, and Head of Social Marketing of Clickup, a productivity and project management software company he was on the founding team of in 2017. Before founding ClickUp, Cunningham worked as a sales manager at Cvent. He was there as the company went public. Once he reached his ceiling there, he moved on to run FastFollowerz with Zeb E...

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 closing the most recent Somers Capital deal up in Lake Chelan, WA and also take a look back at the last year of progress. They then analyze how to create value for real estate properties of all types and Rich shares a few stories about how he’s...

Rich sits down with Justin Colby - Real Estate Investor, Entrepreneur, Educator, and Coach. During his 15+ year career as a real estate investor, Justin has flipped over 2400 homes, done wholesaling, and is now getting into the real estate space. He typically buys between 2-5 houses a week. Rich and Justin start off by discussing what Justin currently owns, how’d Justin got his start in house flip...

Rich sits down with the Justin Brennan - General Contractor, Real Estate Broker, and CEO of The Brennan Pohle Group. Through this group, Justin is focused in the acquisition and development of apartments throughout the United States. With over 500+ units and $110M in assets under ownership, Justin and the team are growing towards 10,000+ units and $4B in assets in the next several years. Rich and...

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners.  Rich and Alex celebrate this week’s soft launch of Hotel Zindel, a San Diego-based boutique hotel. They then analyze the reports that the Feds will have several rate cuts in 2024 and Rich offers his own predictions of where the interest rates will be by December 2024....