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The Rich Somers Report

From Military to Millionaire | David Pere E169

The Rich Somers Report

Rich Somers

Investing, Business

5.01K Ratings

🗓️ 2 April 2024

⏱️ 53 minutes

🧾️ Download transcript

Summary

On today’s episode Rich sits down with David Pere - Entrepreneur, Real Estate Investor, Podcast Host, Author, Public Speaker, and Financially Free Marine. Dave is a 13-year Marine Corps veteran. In 2015, he purchased his first real estate investment– a duplex he house hacked, and then went all in on real estate. In 5 years he went from a negative net worth, to a millionaire with 100+ rental units, and was able to transition off active duty to work for himself. He’s written two books now about...

Transcript

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0:00.0

It's interesting because in the military there's this whole culture right like once you pass the 10 year mark if you tell people you're getting out the whole world is like dude you're crazy.

0:07.5

What do you think and why not you know what I just realize like that pension is going to come out to at on the high end for me it would have

0:14.4

been four thousand five thousand dollars a month and and you know you're a real estate

0:19.1

guy and an entrepreneur and a business guy so if you sit down and you think can I make $5,000 a month

0:24.3

a recurring income in the next seven years if I have all the time in the world to

0:28.3

work on it yeah no brainer.

0:30.3

Welcome to the Rich Shummer's report where we talk real estate, business and wealth

0:34.8

building all while keeping it real. No fluff, no BS. I hope that you enjoy the

0:39.2

show. All right, guys, welcome to another episode of the report.

0:47.0

Today, we are back in the studio, and I got a guest who I've met multiple times at our

0:51.8

meet up here locally in San Diego and is very active in the space all different asset classes within real estate.

0:57.6

He just closed in 130 unit boutique hotel out in Townsend, Tennessee with my guy Blake Daly, my guy Curtis Marker, and he's also,

1:07.0

what, you just got out of the Navy, 13 years, man, no not Navy, Marine Corps.

1:11.0

I got my man man David Perrey.

1:14.0

David, welcome to the show.

1:15.0

Thanks for having me brother.

1:16.0

Yeah, I guess I've been out here to your meet up enough times that you thought I still lived

1:20.2

in San Diego.

1:21.2

I thought you lived here.

1:22.2

Yeah, I didn't know you moved out here.

1:24.0

Yeah, yeah.

1:25.0

You lived here when you were coming here though, right?

...

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