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The Rich Somers Report

Mastering 1031 Exchanges & Understanding Return on Equity | Joseph Silva E325

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 27 March 2025

⏱️ 55 minutes

🧾️ Download transcript

Summary

Are your real estate investments truly working for you? In this episode of The Rich Somers Report, Rich sits down with Joseph Silva, co-founder of Coastal California Group, to break down how mom-and-pop real estate investors can unlock trapped equity, maximize returns, and create generational wealth through strategic 1031 exchanges and better portfolio planning. Rich and Joseph discuss: What return on equity actually means and why most investors are underperforming without realizing it How ...

Transcript

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0:00.0

And I think morals, man, bringing people that care, you know, that see the vision that want to be a part of the vision and want to push the vision forward that align core values.

0:10.1

You have to have pillars in your business that are defined.

0:12.8

And as long as they align with those core pillars, then you know that no matter what you guys are along that you have the right mindset and the right people are on the team

0:21.2

and maybe there is room for improvement you could push them and assuming they want to be a part of it

0:26.0

and they want to improve they're coachable and yeah that's what it's about welcome to the rich

0:30.9

drummer's report where we talk real estate business and wealth building all while keeping it real

0:35.4

no fluff no BS I hope that you enjoy the show.

0:43.6

All right, guys, welcome to another episode of The Report.

0:47.6

Today I got someone who's doing big things in the commercial real estate space

0:52.4

and in a niche that I have personally never heard of

0:55.8

until I met this man. He's very humble. He is Joseph Silva. Joseph, welcome to the show, my man.

1:01.2

I appreciate you coming on. I appreciate you having me, man. I really do. This is pretty cool.

1:06.3

First official podcast guesting, to be honest. First time ever you've been on a pod. I had my own pod and that's starting. I'm ramping up a little bit. Yeah, but guesting to be honest first time ever for you being on a pod i had my own pod and

1:11.9

that's starting i'm yeah yeah but guesting on a pod guesting on a pod location studio like this this is

1:17.6

second to none man i love it man i love it i love it you having me of course man and now i would never

1:22.0

know you're very cool and just like very calm and chill they got a certain value, man, that a lot of people don't have.

1:29.3

But anyways, and by the way, by the way, crazy story about you, you know, coming in with the federal

1:36.9

monument here in San Diego.

1:39.0

We'll have to circle back on that story later in the show.

1:41.3

But first things first, man, you're doing big things in the 1031

1:45.1

exchange space. This is a business model that I've never heard of before. Explain this business model

1:50.6

and how did it come to fruition. Well, let's just take it back. So I got my company, CCG, real estate

...

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