On today's "Saturday Edition" episode, Rich joins DJ Young on his podcast - Conversations with DJ Young. DJ grew up in Burriana, Spain and played played junior tennis competitively from ages 4 to 16. He was first introduced to pickleball at age 18 by his dad and has won numerous pickleball accolades since turning pro, including the World Pickleball Championships, MLP Season 2 Newport Beach (Ranchers), and a PPA silver medal in men’s doubles.

Rich and DJ start off by discussing how Rich got into real estate investing, the risks to jumping into doing real estate, ending partnerships and risk tolerance, Rich’s plan for the future, what advice Rich has for new investors, the easiest way to become a millionaire, and calculated risks.

They then reflect on the dedication it takes to see results, Alex Hormozi, maximizing productivity during the day, Rich’s daily schedule, why Rich tucks his ears into his hat, Fast Lane Drive, Rich’s affiliate partnership with BYLT, Rich’s book recommendations, and the people Rich looks up to the most.Lastly, they talk about building communities, action takers, Connor McGregor & Golden Tate, why Rich predominately hires women, where the opportunities are, the 80-20 rule, and their next pickleball session.

Connect with DJ on Instagram: @djyoungpb

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase.

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

On today’s episode Rich sits down with Kenny Simpson - Mortgage Broker, Entrepreneur, and Co-host of the Get in the Cashflow Game podcast. Kenny has been in the mortgage broker game for 20 years, has funded over $1.5 Billion in loans and helped 5000+ clients. He used to manage several multifamily properties (properties with upwards of 2000 units,) but sold them and now focuses his time strictly on the mortgage business, his wife and 2 girls, and his podcast. He also personal owns 50+ units with a net cashflow of $350K.

Rich and Kenny start off by discussing meeting initially, Rich’s first time speaking, what Kenny has been up to since they first met, the current rate environment, Kenny’s analysis of the current rates, credit card delinquencies, the potential for rate cuts, who is buying deals right now, why Rich and Kenny are bullish on San Diego, who’s buying homes in San Diego, Kenny’s portfolio, becoming the biggest influencer in mortgages, and the endless opportunities in real estate.


They then reflect on Kenny’s brokerage system, Fannie Freddie Loans, pricing for Non-QM Products, DSCR Loans, maximizing leverage with Non-QM loans, appraisals, ADUs, several properties that Rich is currently looking at, and the Pacific Beach market.

Lastly, they talk about commercial real estate, the value of relationships, Ryan Serhant, relationships over transactions, standing out to lenders, where Kenny sees the rate environment going in the next year, whether we’ll ever see 3% rates, Grant Cardone, how the fed has locked out buyers, which neighborhoods Kenny is bullish on in San Diego, Little Italy, and how Hotel Zindel is doing.

Connect with Kenny on Instagram: @kennybsimpson


Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

Book a free call with Prime Corporate Services to create a business strategy primecorporateservices.com/richsomers

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Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

On today’s episode Rich sits down with Soli Cayetano - Real Estate Investor, Entrepreneur, and Founder of Out Of State Investor Academy. Soli is a 26 year old investor located in the Bay Area, CA with a portfolio of properties in Ohio, Georgia, and soon to be Palm Springs, CA. In her first 4 years of investing she’s built a $10M portfolio including 45 rentals and a 64 unit multifamily syndication. She started investing using long term and mid term rental strategies and is now expanding into the boutique hotel space to create unique experiences. In 2023 she founded Out of State Investor Academy which has helped hundreds of investors learn how to build cash flow in more affordable markets across the country.

Rich and Soli start off by discussing initially meeting, coordinating yacht meetups, Rich’s first deal, Soli’s experience speaking at the Mid Term Rental Summit, how to raise private capital, the BRRRR strategy, Rich’s first boutique hotel, Soli’s experience as a commercial real estate broker, how Soli got into real estate investing, the opportunities afforded by real estate investing, how Rich got into real estate investing, the price range that Soli buys in, Cincinnati, Georgia, Soli’s first boutique hotel, geodomes, finding the right market, learning experiences, and getting what you asked for.

They then reflect on the Palm Springs market, nude resorts, sending in credibility stacks, pushing ourselves outside our comfort zone, adding tremendous value to properties, cosmetic changes, the importance of wellness, modernism in Palm Springs, Soli’s new community, mastermind retreats, Jesse Vasquez, and Rich’s new idea for a San Diego conference.

Lastly, they talk about posting daily content, the changing algorithm, Alex Hormozi, the differences between platforms, viral content and the value of a good hook, TRT, and whether everyone should be posting social media content.

Connect with Soli on Instagram: @lattes.and.leases

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase

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Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.

Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.