The Rich Somers Report

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...

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...

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...

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...

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...

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...

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....

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...

In today’s episode, Rich is doing a deep dive into the current “Airbnb Revenue Collapse” that’s been sweeping the internet and social media. He challenges the questions – Is it real? Where did these facts come from? Is it the best time to get into this asset class? He pulls up some live data to compare the actual numbers with those that are being posted online, and also gives the listeners some ke...

In today’s episode, Rich is joined by special guest, Will Grimes, visiting us from Denver, Colorado. Will spent just under 10 years inside of the Marine Corps, then went on to serve his community as a police officer. After police work, Will ventured into entrepreneurship and now he’s a team owner in real estate and owns multiple 7-figure YouTube businesses. From his military mindset and leadership...

In today’s episode, Rich is joined by Vinny Lingham – tech investor, serial entrepreneur, and groundbreaker in the AI space. Vinny was born and raised in South Africa, studied at the University of Cape Town, and in 2003 started a business in his bedroom that quickly became one of the leading technology companies in South Africa. He moved to California in 2008, and has been grinding and building di...

In today’s episode, Rich sits down for an interview with Jorge Contreras – short-term & mid-term rental investor, ground up developer, and Airbnb arbitrage & purchasing coach. Since 2017, Jorge has been operating short-term rentals, and this year he closed on his first ground-up development project. Before real estate investing, he and his wife were working long hours at their day jobs, an...

In today’s episode, Rich dives into the 401k and IRA systems – the good, the bad, and how you can utilize them to invest in real estate. He discusses a recent article that reports the average 401k balances for Americans and examines whether this amount is sufficient for retirement in today’s economy, considering inflation and other factors. He talks about some of the drawbacks, such as the risk of...

In part 2 of Rich’s interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas, they dive deeper into his YouTube channel that boasts 485k subscribers and brings in $300k a year. They talk about one of the videos he created on "Why NBA Players Go Broke", and the reasons why these athletes would be much better off putting their money into real a...

In today’s episode, Rich sits down for an interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas. Spencer got into real estate investing in 2015 when he moved to Vegas from Oakland and met a buddy who rented out rooms in his place in order to live for free while also generating some additional cash flow. He then discovered the concept of house hackin...

On today’s episode, Rich sits down for an interview with good friends and key players in the short-term rental space – Craig Gerulski & Matt Floyd. They built a portfolio of 30+ properties while working full-time careers, and recently both just left their day jobs to pursue building their thriving business. They discuss officially being free from their W-2 jobs and the 3 models they use for th...

In today’s episode, Rich sits down for an interview with Michael Porche – former firefighter turned real estate investor and owner of a thriving short-term rental business. Michael is in San Diego preparing for his first live event, STR Legacies Live, from June 2-4 in which Rich will be speaking on Boutique Hotels. They discuss Michael’s difficult transition from being a firefighter into the real...

In today’s episode, Rich sits down for an interview with Andrew Greer, local San Diego realtor and real estate developer with a team of 30 agents who specializes in infill development and value-add projects. Andrew has a background in home construction and flipping houses, but was inspired by the IRS to protect his money and decided to pivot from flipping to buy-and-hold investments. They discuss...

In today’s episode, Rich sits down for an interview with very special guest Grant Cardone – 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. They dive into a wide range of topics in their conversation, and nothing is off limits. Rich and Grant discuss the concept of inflation and the govern...

On today's episode, Rich sits down for an interview with Jessie Rodriguez, the star of HGTV's Vintage Flip. With a decade of experience in house flipping and a portfolio of over 300 properties, Jessie shares his insights and expertise in the world of real estate investing and flipping. Rich and Jessie discuss his strategies for finding lucrative properties, navigating the permitting proc...

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...

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...

In today’s episode, Rich sits down for an interview with multifamily investor and best-selling author, Dre Evans. Dre has a very unique and different story than most – he grew up in the streets of Chicago and joined a gang when he was 12 years old, where his initiation was participating in a drive-by shooting. Eventually he and his triplet brothers decided to pave their own path and joined the U.S...

In today's episode, Rich discusses why you can't "save your way to wealth" and the importance of utilizing leverage to get ahead. He dives into several  examples of different forms leverage, including buying real estate deals, investing passively in real estate syndications or funds, creating social media content, hiring an assistant,  and the ability to raise & multiply mo...

In today’s episode, Rich sits down for an interview with host Avery Carl on her podcast, The Short Term Show. They discuss “the marriage of multifamily and short-term rentals”, the reasons behind Rich shifting his focus to boutique hotels, and his experience buying his first one. They talk about the way the deal was structured with investors, what gave him the confidence to move forward with this...