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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Episodes
Boats, Man Caves, and $500M in Real Estate | Ryan Garland E161 14.03.2024 1:17:11
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 reces...
He Makes $300k/yr Playing Pickleball & Why This Sport Is Taking Over America | DJ Young E160 12.03.2024 45:32
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 doub...
The Future of Boutique Hotels & The Power of Personal Branding | Saturday Edition E159 09.03.2024 34:02
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...
He’s Flipped Over 150 Houses in Southern California | Alex Camacho E158 07.03.2024 49:21
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 Podcas...
What it Takes to Become the Greatest Version of Yourself | Simon Keith E157 05.03.2024 53:22
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...
What Are Virtual Assistants & How Can They Support My Company? | Saturday Edition E156 02.03.2024 14:02
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&...
He Built a 125 Unit Portfolio Starting with No Credit and $1,000 | Henry Washington E155 29.02.2024 52:16
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...
He Dresses the World’s Most Famous Names & Conor McGregor’s Viral Suit | David August E154 27.02.2024 42:42
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,...
Why Set Jet Recently Went Out of Business | Saturday Edition E153 24.02.2024 16:39
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 prog...
He's Sold 385 Homes with $0 in Ad Spend, Just YouTube | Levi Lascsak E152 22.02.2024 52:27
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 spea...
Why Communication Is Key in 2024 | Paul Alex E151 20.02.2024 52:38
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...
How To Start Your Own Photography Business | Saturday Edition E150 17.02.2024 22:51
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, findin...
Travel Hacking Debunked & How to Convert Points into Epic Trips | Eli Facenda E149 15.02.2024 50:45
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...
This Pro Skater Had a $70M Exit and Now Runs a Real Estate Fund | Mikey Taylor E148 13.02.2024 1:28:54
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 tran...
What is Subject-To and Creative Finance? | Saturday Edition E147 10.02.2024 19:19
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 willingn...
The Value of “Community” | Pace Morby E146 08.02.2024 49:33
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...
Life Rewards Those Who Go “All In” | Mike Sjogren E145 06.02.2024 1:22:30
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 E144 03.02.2024 32:46
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...
Shifting Demographics, Retiring "Baby Boomers" & Where Their Wealth Will Go | Mark Moss E143 01.02.2024 1:03:54
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...
Lending Market Update 2024 | Chris Groves E142 30.01.2024 51:08
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...
Building Wealth Outside of Wall Street | Saturday Edition E141 27.01.2024 58:34
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...
We Both Cashed Out Our 401ks to Buy A 32-Unit Apartment Building | Shawn DiMartile E140 25.01.2024 1:13:43
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...
The 6 Pillars Of Wealth | Adam Nelson & Braun Thueson E139 23.01.2024 46:20
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...
How To Make $250k/yr in Door-2-Door Sales | Saturday Edition E138 20.01.2024 25:31
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...
How To Scale a Turnkey Airbnb Business in 2024 | Elliott Caldwell E136 16.01.2024 42:41
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...
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