Claim OwnershipThe Rich Somers Report
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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 $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
265 Episodes
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What if mastering one key skill could unlock your success in real estate investing? In this episode, Rich Somers and Nathan St Cyr dive into the importance of understanding risk and how it plays a central role in every successful investment strategy—whether you’re a seasoned pro or just getting started. Rich shares insights from his own journey, discussing how patience, perseverance, and a keen understanding of risk were critical in scaling his hotel investments. From his first property to no...
As the political landscape shifts following Donald Trump's recent election victory, what does it mean for real estate investors? In this Saturday Edition, Rich Somers delves into seven pivotal factors that will reshape the real estate investing arena in the coming years. From anticipated changes in tax laws to evolving market dynamics, understanding these developments is crucial for investors aiming to capitalize on new opportunities. Tune in to gain insights into how the election's outcome w...
Curious about how exotic cars can unlock new networking opportunities? Join Rich Somers as he dives into a high-octane conversation with Clem Connor, founder of the exclusive car club, Fast Lane Drive, that transforms driving into a gateway for success.In this episode, Clem reveals how owning exotic cars can open doors to high-net-worth individuals and new business opportunities. He shares practical tips on the financial aspects of buying and leasing luxury vehicles and explains how to levera...
Discover the seven characteristics and personality traits that are consistent with people who are highly successful. In this quick rapid fire episode, Rich shares his insight on why these distinct qualities help to determine who is moving the needle, and who is not.--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.Looking to elevate your ...
Unlock the secrets of entrepreneurship as Rich Somers engages with Dan Martell, a WSJ bestselling author, serial entrepreneur, and growth coach. Journey with Dan as he shares his evolution from launching successful ventures like Clarity.fm and Flowtown to becoming an angel investor with a portfolio that boasts industry titans like Intercom and Udemy. Discover how Dan's fresh insights on business growth can empower you to create a venture you truly love. He explores essential topics, including...
What does it take to truly succeed in business and defy the odds? Join Rich Somers as he chats with Travis Chambers, the visionary behind Outpost X, a one-of-a-kind sci-fi movie set hotel in the Utah desert. After a remarkable $17 million exit from Chamber Media, Travis opens up about his journey—from a childhood filled with adversity to crafting an extraordinary experience that transports guests into another world.In this captivating episode, Rich engages Travis in an exploration of entrepre...
How does the "4 x 4 x 48" challenge parallel the journey of tripling the value of a multifamily property in less than two years? Join Rich Somers and Michael Garcia as they uncover the power of commercial real estate through Michael's remarkable transformation—from selling his single-family house to investing in a 12-unit multifamily deal that achieved outstanding results in just 23 months. Explore the challenges he faced, the invaluable lessons learned in his first deal, and why resilience i...
Think real estate rentals are the way out when you're broke? Rich Somers and Ryan Pineda challenge that assumption head-on, showing why focusing on active income is crucial before diving into rentals. Ryan shares smarter strategies to build wealth the right way, stack cash fast, and avoid low-yield investments. Make moves, not mistakes.--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community...
Discover how to turn tightening Airbnb regulations into your advantage by transitioning into the lucrative hotel industry. Learn the insider secrets to finding hotel deals, mastering operations, and securing the right partners to grow your portfolio. If you're ready to elevate your investment game, this episode has everything you need to get started!--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Master...
Rich sits down with real estate expert Jason Yarusi to discuss how he grew a $300M commercial real estate portfolio, key strategies for successful real estate investing, and the importance of market knowledge and focusing on niches.Jason Yarusi has built and exited a construction company, restaurants, a brewery and multiple large apartment communities. Jason is a Private fund manager of over $300M of Multifamily real estate. Since 2017 his company Yarusi Holdings has amassed over 2,500 apartm...
Naturopathic expert Dr. Pedi Mirdamadi joins Rich Somers to reveal surprising truths about health—from grocery store secrets and fertility killers like hot tubs and cell phones, to the heated debate over false eyelashes that earned millions of views. With eye-opening insights and practical advice, Dr. Pedi emphasizes the importance of taking control of your wellness, reminding us that "health is wealth."Dr. Pedi Mirdamadi is a Licensed Naturopathic Doctor and Holistic Nutritionist specializin...
Learn to master the art of raising capital for real estate with expert Hunter Thompson. In this episode, Rich Somers dives into Hunter’s top strategies for syndication, including how to attract accredited investors and navigate the common pitfalls that can derail your success. Packed with actionable insights and real-world examples, this conversation is essential for anyone serious about leveling up their investment game and avoiding costly mistakes.--Interested in learning more about how to ...
Access the secrets of personal branding in this episode with Rich Somers and Brandon Fortino as they share how to use powerful hooks and captivating stories to grab attention and monetize a small audience. Packed with actionable strategies, they cover creating impactful content, building community, and leveraging social media to achieve greater success. Whether you're just starting out or looking to scale, this episode is your blueprint for mastering personal branding and unlocking new opport...
Buckle up for an unforgettable ride that spans from the cockpit to the world of real estate. Captain Curt shares his wild adventures flying private jets and his bold transition into real estate investing. With near-miss stories, high-stakes flights, and wealth-building insights, this episode blends adrenaline with smart strategies.--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Boo...
Feeling stuck? In this episode, Mike Schmidt, the mastermind behind Superfood Superhuman, shows us how a simple shift in diet, sleep, and sobriety can unlock new levels of success. Rich Somers and Mike dive into the game plan for turning your health into your greatest asset. Get ready to transform your life from the inside out.--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a ...
From overcoming a gambling addiction to becoming a real estate expert and founder of The Brooklyn Bank, Rich sits down with Jude Bernard to discuss everything from learning from your past mistakes, the importance of time management, and the the do's and don'ts of networking and how to make connections. Jude Bernard is a real estate entrepenuer and founder of the Brooklyn Bank. BKBNK INC is a non-profit organization focused on providing underserved individuals of color the tools and educa...
Rich is interviewed by Brad Rice on the The Blueprint podcast where they discuss how Rich got started in the real estate business, the importance of a personal brand, and the various life challenges he had to overcome in the past that lead him to where he's at today.--Interested in learning more about how to build your boutique hotel portfolio? Dive into our proven process by joining the Boutique Hotel Mastermind Community. Book a free call here: www.hotelinvesting.com.Looking to elevate your...
Carl Dumesle went from surviving Haiti’s devastating earthquake to building a real estate empire in San Diego, amassing an impressive $40 million in assets under management. Rich Somers is here to unpack every bold move along the way. As a key member of the 7-Figure Creator Mastermind, Carl's relentless ambition and refusal to settle for anything less than success make his story truly inspiring. This episode is packed with real-life lessons on turning adversity into strength, overcoming ...
From a $20k dream to a $7M micro-resort, Isaac French built Live Oak Lake into an Instagram sensation with 150k followers and 80% direct bookings. Rich Somers dives deep with Isaac on building the brand, automating guest touchpoints, and what it takes to create a hospitality experience that’s both stunning and efficient. Get ready for insider strategies to level up your game.Isaac French is a former accountant turned hospitality entrepreneur and the creator of Live Oak Lake, a luxury micro-re...
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 willingness to over-paying on a property, amortization, and bank lending. Connect with Pace on Insta...
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