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The Rich Somers Report

The Rich Somers Report

By: Rich Somers
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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 $80M. 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

© 2025 The Rich Somers Report
Economics Leadership Management & Leadership Personal Finance
Episodes
  • Thinking of Developing Real Estate? Don't Do it Until You Hear These "67 Minutes" | Austin Schmidt E369
    Jul 8 2025

    Thinking about ground-up development? This episode might save you years—and millions.

    In this one, Rich sits down with Austin Schmidt, a real estate developer who’s lived through the chaos, wins, and war stories of building multifamily from scratch. From fighting the city to getting permits approved to making deals pencil after rising interest rates, Austin lays out the full, unfiltered blueprint for anyone who wants to get into development and actually win.

    They cover:

    • Why most developers quit after their first deal (and how to survive it)
    • What makes a city “developer-friendly” (and the red flags to watch for)
    • How to raise capital for your first ground-up project
    • The difference between theoretical spreadsheets and real-world construction delays
    • Why Austin still bets on development—and where he’s building next

    If you’re even thinking about going vertical, this is the 67 minutes you need.

    Let’s get into it.

    Connect with Austin on Instagram: @luxbuilders

    Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

    Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

    If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

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    1 hr and 14 mins
  • The Future of Travel: How Unique Stays Are Changing Real Estate Investing | Issac French E368
    Jul 5 2025

    Shipping container homes. Floating hotels. Golf-course-turned-micro-resorts. This is the future of travel—and it’s rewriting the rules for real estate investors.

    In this Saturday edition, Rich links up with Isaac French to explore how unique stays are disrupting the hospitality game and creating wildly profitable investment opportunities. From viral builds to zoning loopholes, they break down what’s working right now and how to get in early.

    They dive into:

    • How one guy turned $20K shipping containers into a $1K/night Airbnb and 1.5M followers
    • Why floating homes are skirting hotel regulations—and crushing waterfront returns
    • The ROI power of landscaping (and how it can beat depreciation)
    • What to do with dead golf courses, empty land, and old RV parks
    • How to build a stay so unique, it becomes a brand

    If you’re bored of duplexes and cookie-cutter STRs, this is your permission slip to think way bigger.

    Let’s build something worth talking about.

    Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

    Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

    If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

    Show More Show Less
    9 mins
  • The Ultimate Guide to Starting a Profitable Parking Lot Business | Jonny & Clay Velarde E367
    Jul 3 2025

    Ever thought about owning a parking lot? You should—because the margins are insane.

    In this episode, Rich brings on Johnny and Clay, the duo turning overlooked patches of asphalt into high-cashflow assets. They break down how to start, scale, and profit from the parking lot business—without ever swinging a hammer or managing tenants. If you’re looking for a low-maintenance, high-ROI play… this one’s it.

    They cover:

    • How they turned a $30K deal into $350K+ in revenue
    • Why parking lots are one of the most underrated real estate plays
    • The step-by-step process for finding, analyzing, and closing your first deal
    • How they use creative financing and JV deals to scale fast
    • What most investors get completely wrong about cash flow

    If you want to build passive income with less risk and less headache—this is the blueprint.

    Let’s go.

    Connect with Jonny & Clay on Instagram: @valetparkingpros

    Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

    Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

    If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

    Show More Show Less
    55 mins

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