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The Rich Somers Report

Latest News in the STR Market & How He Bought His First Boutique Hotel | Tony Robinson E222

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 30 July 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

On today's episode, Rich sits down with Tony Robinson -- real estate investor and co-host of the Bigger Pockets Real Estate Rookie Show. Tony brings his expertise in long-distance real estate investing, the BRRRR strategy, real estate partnerships, and short-term rentals. Tony has defied all odds as a young black male who became a father at 16, quickly scaled the corporate ladder at companies like Tesla, and has now become a full time real estate investor growing his portfolio to 30 short ter...

Transcript

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0:00.0

I know like when I first started investing in real estate there were a lot of people were like man I'm you know I'm not a great real estate

0:06.2

because I missed the O8 crash and everything didn't happen afterwards right and they're like I'm just waiting for the next crash and now it was like post COVID like well man COVID's here I don't you know

0:15.1

I don't know what I want to do like I need to wait you know and people who didn't

0:17.5

buy during COVID they're kicking themselves because property values doubled right now

0:20.7

it's like man interest rates were too high like I don't know if I want to buy because I want to

0:23.4

wait for rates to come down and now they're going to be complaining about affordability

0:26.4

next so for me it's like it doesn't matter where the market's at it's how can you adapt your

0:31.6

strategy to match with where we're at today?

0:34.0

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building, all

0:38.8

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

0:45.0

All right guys, welcome to another episode of the report. Today I got a good friend of mine back in the studio for a second time I was just out at his

0:56.2

conference out in Denver speaking connecting with him and his wife and his crowd that he had

1:01.8

out there I'm a big fan of my man, Tony

1:03.5

welcome back to the show brother.

1:05.3

Rich, thank you for having me on man. Second time's a charm and first I just got to

1:08.1

say dude I appreciate you coming out to Denver. People loved your presentation.

1:11.8

You gave a lot of tremendous value man so thank you for coming out

1:14.0

that I appreciate you man it was it was cool to get out there and and see the

1:17.6

community that you've built

1:19.3

and all the cool people out there that I met and connected with and even a lot of the other

1:23.1

guest speakers were great and phenomenal and so it was cool to catch up and and see I

1:28.2

don't think I had seen you in quite some time before that. It had been a bit

...

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