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
What You Need To Know About Developing Self Storage Facilities | Marc Kuhn E119 07.12.2023 49:45
Rich sits down with the Marc Kuhn - Real Estate Investor, Developer, Contractor. Marc started his construction career with his father in 1994. In 2010 he left his hourly job with $2,500 in his account and started MAK Construction, which has now grown to over $25 million a year. MAK Construction develops commercial projects both 3rd party and investment projects for their investors and since 2018 h...
Using Debt To Buy Real Estate | Todd Stichler & Paul Cortez E118 05.12.2023 41:52
Rich sits down with the Founders of Lendspark, Todd Stichler and Paul Cortez. Lendspark is a national licensed direct lender founded for the sole purpose of supporting the growth capital needs of small, middle market & public companies. Lendspark, founded in 2012, has arranged over $500 million to hundreds of businesses in a wide variety of industries, including Real Estate, Jet Rentals, and P...
Just Take Step 1 | Saturday Edition E117 02.12.2023 11:50
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 the last few weeks of the year and their holiday plans. They then analyze the mindset of taking one step and offer several ways to get the momentum back in making deals. If you have a question you'd like answered, please email info@somer...
Why Real Estate is the Best Hedge Against Inflation | “Investor Girl Britt” Brittany Arnason E116 30.11.2023 1:12:01
Rich sits down with Brittany Arnason - commercial real estate investor, real estate educator, and social media icon. Brittany, better known online as InvestorGirlBritt, has been part of over $80M in real estate transactions, including single family homes, new construction, short term rentals, apartment buildings, boutique hotels, and self-storage facilities. Rich and Britt start off by discussing...
Should You Get Your Real Estate License as an Investor? | Seth Struiksma E115 28.11.2023 38:18
Rich sits down with Seth Struiksma - real estate agent, realtor, developer, DJ, and investor. Seth has sold more than $100 Million in real estate sales and, in 2021, formed the San Diego-based real estate company, “The One Group.” Rich and Seth start off by discussing how Seth got into the real estate space, why Seth created The One Group, what’s in store for Seth moving forward, opportunity zones...
Everyone Has a Different RE Strategy, Who Can You Trust? | Saturday Edition E114 25.11.2023 11:48
Everyone Has a Different RE Strategy, Who Can You Trust? | Saturday Edition E114On 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 the thanksgiving break and everything happening with Somers Capital this last week. They then analyze an Instagram post made by Richard Garcia that states every en...
How to Take Advantage of Buying Businesses in 2024 | Dan Martell E113 23.11.2023 1:00:05
Rich sits down with Dan Martell - a WSJ best-selling author, serial entrepreneur, investor, and growth coach. Dan is the mastermind behind several successful companies, such as Clarity.fm, and Flowtown. He is also an angel investor with a diverse portfolio that includes companies like Intercom, Udemy, and Unbounce. Rich and Dan start off by discussing how they got connected, Dan’s jet and how to h...
He Develops Luxury Apartments in New York City | Richard Zavlyanov E112 21.11.2023 53:59
Rich sits down with Richard Zavlyanov - a Real Estate Developer, Investor, and Head of Development at Diamond Dev Group. Richard has a degree in business administration from Queens borough community college and continuing education of Real Estate Development from Baruch college. He’s worked closely with developers such as Bizzi & Partners Development, Extell development, Aronov development and...
A Tax Savings Strategy That Can Help You for 2023 | Saturday Edition E111 18.11.2023 13:26
On today's "Saturday Edition" episode, Rich is joined by co-host Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber, to answer the top question of the week that was sent in by our listeners. Rich and Karlton reflect on how to save on income taxes this year and fully analyze what cost segregation studies actually are. They also...
Tax Strategies Exposed & How The Rich Legally Pay $0 Taxes | Karlton Dennis E110 16.11.2023 49:43
Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.” Rich and Karlton start off by discussing the LA Lakers and Clippers, ho...
The Greatest Transfer of Wealth in American History is Going Down | (Hosted by Gideon Spencer) E109 14.11.2023 1:00:10
Today, join Rich as he guests on The Hunt For Incredible Podcast hosted by Gideon Spencer, where they discuss how Rich got into the real estate investing space, why the 401k is a flawed system, the difference between small and big deals, masterminds, building podcasts, and Rich’s market forecast. They also analyze the biggest transfer of wealth in US history, boutique hotels, how Rich effective...
Becoming a Millionaire Through Real Estate Just Got Much Easier | Saturday Edition E108 11.11.2023 21:32
On today's "Saturday Edition" episode, Rich is joined by co-host Gideon Spencer - Entrepreneur, Host of "The Hunt for Incredible" podcast, and Boutique Hotel Investor, to answer the top question of the week that was sent in by our listeners. Rich and Gideon reflect on the recently announced 5% down Fannie Mae payment option for multi-family homes and the opportunities it...
How This Former Drug Dealer Opened Multiple Successful Restaurant Brands | Ivan Flores E107 09.11.2023 49:46
Rich sits down with Ivan Flores - Restaurant Entrepreneur, Podcast Host, and CEO & Founder of Encinal Brands, home to several Mexican franchise restaurants including The Buffalo Spot, Blue Burro, and Taco Masa. Ivan grew up in Tijuana, Mexico and in 2013, he opened his first restaurant in Long Beach, California. Encinal Brands now has more than 50 restaurants across the United States and is on...
“The World is Full of Over-Educated Broke People” | Kent Clothier E106 07.11.2023 1:07:13
Rich sits down with Kent Clothier - nationally recognized entrepreneur, real estate investing expert, performance coach, and speaker. He got his start in business at 17, helping to create a grocery arbitrage company, ultimately building the company to $1.8 Billion in annual sales by the age of 30. The Clothier family run real estate investment company has flipped more than 8,000 single family home...
Follow These 2 Rules When Buying Real Estate in Today’s Market | Saturday Edition E105 04.11.2023 15:54
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 connecting with several private investors this week, and discuss next week’s Beers & Deals event. They also analyze the real estate market in the last 3 years, and Rich shares his two rules for what he needs before buying real estate with...
He Owns 28,000 Apartment Units and $10.8 Billion of Real Estate | Jeff Gleiberman E104 02.11.2023 1:00:43
Rich sits down with Jeff Gleiberman - President of MG Properties. He is responsible for overseeing investment transactions, operational strategies, and partner relations. During Jeff’s tenure, MG Properties has flourished into an NMHC Top 50 Apartment owner with over 28,000 units, 880 Employees, and $10.8 Billion in Real Estate. Rich and Jeff discuss what kinds of markets MG Properties is in, the...
He’s Starred in Multiple Seasons of Bravo’s Top Chef & Successfully Opened 30+ Restaurants | Brian Malarkey E103 31.10.2023 51:58
Rich sits down with Brian Malarkey - a chef, restaurateur, cooking instructor, and creator of 15 separate restaurants across the United States. In 2012 he sold majority stake of his first restaurant group (Searsucker and Herringbone) to global Hakkasan Group for $25 million. He’s opened 10 different concepts in 5 years, including the nationally acclaimed Herb & Wood and Animae. Brian has appea...
The Benefits of Podcasting & How to Start Your Own | Saturday Edition E102 28.10.2023 30:09
On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex analyze the benefits of podcasting, Rich shares his experience starting two different podcasts and what he’s learned from them, and Alex reveals some behind-the-scenes info about the podcast. If you have a question you'd like answered, please email...
What to Know Before Buying Retail & Office Buildings in the Midwest | Daniel Kong E101 26.10.2023 48:49
Rich sits down with Daniel Kong - a real estate investor flipping houses out in Hawaii. He was able to retire from his W2 after just 3 years using the BRRRR strategy. By acquiring rentals with no money out of pocket, he was able to replace his salary as a software engineer with passive income. Now he is a full-time investor - Flipping, running AirBnBs, and buying commercial properties in the Midw...
How To Be A Higher Value Partner in Dating & Relationships | Michael Sartain E100 24.10.2023 48:34
Rich sits down with Michael Sartain - Performance Coach, Air Force Navigator and Instructor, and Host. In 2019, Michael created Men of Action, a program that dedicates its time to teaching men how to increase their status, build an abundant lifestyle, find elite friends, and attend VIP events in under 25 days. Men of Action has had 400+ success stories. Michael is also the host of the Michael Sart...
Are Relationships or Strategy More Important in Real Estate Investing? | Saturday Edition E99 21.10.2023 19:18
On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex analyze how much of real estate investing is based on who you know vs what you know, and Rich shares an anecdote about a new opportunity in the Pacific Northwest. If you have a question you'd like answered, please email infoSomerscapital.com. Stay...
The Apartment Rockstar Shares His Market Forecast & Biggest Mistake Made Across 4,500 Units | Robert Martinez E98 19.10.2023 1:09:21
Rich sits down with Robert Martinez - Founding Principal and CEO of Rockstar Capital. Robert has directed the growth of Rockstar Capital to 21 apartment communities, a total of 4,800 rental units across the state of Texas. Since 2011, he has directed the underwriting, acquisition, and management of 30 apartment communities consisting of more than 5,243 rental units. In 2023, third party company, M...
90% of Millionaires Are Created From Real Estate, 100% of Billionaires Are Created From Private Equity | Kris Krohn E97 17.10.2023 1:06:50
Rich sits down with Kris Krohn - a Best Selling Author, Business Coach, Real Estate Investor, and Mentor. Kris is an expert wealth coach with 5,000 real estate deals, numerous businesses, and growing influence. Rich and Kris discuss Kris’s beginnings, his financial influences & first financial failure, Kris’s first real estate deal at 23, and his current asset portfolio. They also reflect on...
Should You Start Your Own Meetup? | Saturday Edition E96 14.10.2023 22:00
On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex discuss the benefits of starting a real estate networking event, if it’s worth it and how to get started. They also discuss how Somers Capital’s own meetup, Beers & Deals, began and how it’s evolved over the last 5 years. If you have a question you&a...
He’s a Musician & Song Writer Who’s Found a Passion in the Airbnb Space | Gabe Kubanda E95 12.10.2023 53:49
Rich sits down with Gabe Kubanda - an alt-pop artist, singer/songwriter, co-creator of the Epic Proportions Tour, playing well over 750 shows on multiple continents, founder of the Non Profit “EduMusication” program promoting music education in schools, and Kubanda Properties, amassing vacation homes and rental cars in niche markets. Rich and Gabe discuss the intricacies of hosting vehicles on Tur...
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