The Rich Somers Report

In part 2 of Rich’s interview with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson, they talk about their experiences with masterminds, connecting with different types of people from varied backgrounds, what Tony is up to today & his long-term goals. He shares a story about a deal in Big Bear that ended up falling through and his biggest tak...

Today Rich sits down with Short Term Rental & Airbnb Investor, and Host of the BiggerPockets Rookie Podcast, Tony Robinson. They talk about how he transitioned from his full-time W2 job with Tesla, to managing short-term rentals and building a business with his wife, Sara. They dive into how Tony decides what markets to invest in, tips for updating your Airbnb listing to drive occupancy, as we...

In today’s episode, Rich highlights the three criteria he looks for when buying real estate and gives some specific examples on how you can apply these rules & principles in your own real estate journey. He shares a few stories on personal deals he’s done, including his very first deal in Cincinnati and what he learned from that experience. Join our investor waitlist and stay in the know about...

In part 2 of Rich’s interview with Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans, they discuss hard money loan products and some tips & advice for the listeners on these types of loans. They do a deep dive into a couple of Rich’s personal deals, and they go over the best lending options for those particular situations & scenarios. They also talk about their recent experiences with...

In today’s episode, Rich sits down with two of the best lenders in the industry, Jonathan Yoo and Dustin Rosenberg of Convoy Home Loans. They discuss interest rates in the investor space vs. the conventional space, QM and Non-QM products, and why they started their own business & got into the lending industry. They also talk about their experience funding Rich’s luxury Airbnb in Scottsdale (wi...

In today’s episode, Rich sits down for an interview with Antoine Bethea, 14-year retired NFL Vet, Super Bowl XLI Champion, and 3-time NFL Pro Bowler, along with Antoine’s right hand man Adam Vaughn. They discuss his time spent in the NFL, what he wish he would have known back then about real estate investing, and what he’s up to now in business & the commercial real estate space. They also tal...

In part 2 of Rich’s interview with Mike Sjogren and Emanuele Pani on their Short Term Rental Secrets podcast, they dive deeper into the Somers Capital business model and their return profile for investors. They give some advice on underwriting and analyzing deals, and talk about the importance of keeping it simple & being transparent. “A confused mind doesn’t act.” Join our investor waitlist a...

In Part 2 of this interview,  Kenny & Krystle Simpson share their experience on starting a property management company,  the challenges that come with it, interest rates, their 2023 forecast, and where they see opportunity over the next 12-18 months. Connect with Kenny & Krystle on Instagram: @kennybsimpson + @krystlersimpson / Email: kenny@simpson-team.com + krystle@pacificshorecapital.co...

On today’s episode, Rich is joined by two of the best in the industry - Kenny & Krystle Simpson of The Simpson Team & Pacific Shore Capital. They share their insight on what’s going on in today’s economy, the federal reserves, interest rates, and discuss what’s happening in the market. They dive into the pros and cons of real estate investing in California compared to other areas, and wher...

On this week’s episode, Rich sits down for an interview with hosts Mike Sjogren and Emanuele Pani on their Short Term Rental Secrets podcast. They discuss what Rich has been up to lately, and why he decided to invest in his business and build out the Somers Capital Team. They also dive into his progression from luxury STRs to boutique hotels over the last 12 months. “Anything in business, relation...

In this episode, Rich talks about his experience buying a 32 unit apartment building in Indiana, his value-add strategy, repositioning the property, and the business plan. He describes forcing the equity & appreciation, then exiting and selling the property 2 years later for three times what it was purchased for. Rich shares a lot of useful information in this episode, including his experience...

In today’s bonus episode, Rich talks about why good things happen when you're intentional about how you spend your time. He shares a couple personal dating stories that started out not so great, but ended up turning around and leading to some other good opportunities.  Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.co...

In this episode, Rich talks about why you should never listen to your parents, he opens up about his personal experience with his own parents, and a few caveats to this rule. He shares about his decision to cash out his 401k to buy his first deal, leaving his job as an air traffic controller to get started in real estate investing, and who he decided to listen to & who he did not during that p...

In today’s episode, Rich discusses his experience buying his first boutique hotel, the reasoning behind his pivot from multifamily, and why he sees an opportunity moving forward with boutique hotels. He also shares a story about how he found out an onsite manager had been stealing from the owner for years.   Join our investor waitlist and stay in the know about our next investor opportunity with S...

Tarek El Moussa is a real estate investor and television personality, who you might recognize from co-hosting HGTV’s Flip or Flop. In today’s episode, Tarek sits down with Rich and talks about how he got his start in real estate and the hurdles he’s faced along the way. He opens up about hitting “rock-bottom” multiple times in life and battling cancer twice. Tarek shares the story of how he met hi...

In today’s episode, Rich talks about his experience buying a luxury Airbnb in Scottsdale in the height of the real estate market. He discusses the full renovation, getting it back up and running, hosting celebrity guests, and a small hiccup he had with the appraisal process. Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.c...

In this episode, Rich discusses why partnerships break up - the good, the bad, and the ugly. He talks about the recent break up with his two partners and the lessons he’s learned from that experience. Rich dives into the first few deals they did together, and shares what worked & didn’t work.     Join our investor waitlist and stay in the know about our next investor opportunity with Somers Ca...

In today’s episode, Rich is joined by 10-year NFL Veteran & Super Bowl Champion, Cliff Avril. They dive into Cliff’s background and what it was like for him growing up in Jacksonville with his Haitian roots. Cliff talks about his time playing at Purdue, his years in the NFL, and he shares his experience of winning Super Bowl XLVIII with the Seattle Seahawks.  Join our investor waitlist and sta...

In this first intro episode, Rich talks about why he started the podcast, what you can expect on the show, a little bit about himself & how he got started in real estate investing. He also shares one of his biggest takeaways he’s learned that’s helped him grow in both his personal life and in business. Join our investor waitlist and stay in the know about our next investor opportunity with Som...