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The Rich Somers Report

Put Yourself in Situations Where the Hard Way is The Only Way | Brad Rice E345

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 13 May 2025

⏱️ 88 minutes

🧾️ Download transcript

Summary

Rich is interviewed by Brad Rice on the The Blueprint podcast where they discuss how Rich got started in the real estate business, the importance of a personal brand, and the various life challenges he had to overcome in the past that lead him to where he's at today. 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...

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, real quick before I get started, I'm hosting a free boutique hotel investing webinar

0:04.4

Wednesday, May 14th, outlining exactly how you can get started investing into boutique

0:09.6

hotels and taking advantage of the tightening Airbnb regs that are happening across the country

0:14.0

right now and these 40 million retiring baby boomers.

0:17.2

Guys, you do not want to miss this free webinar.

0:19.4

I'm going to be dropping so much game and so much value running through case studies of our live hotel deals,

0:24.8

breaking down some of the numbers, hosting plenty of live Q&A with you guys,

0:29.0

and even doing a special bill, Summers Capital giveaway to one lucky winner.

0:34.0

Guys, to register, go to hotelinvesting.com. Again, that's hotel investing.com to register

0:40.6

for the free webinar. Now, let's jump into the show. While I'm in San Diego, it's probably

0:44.7

eight years into my career. I get to a point where for the first time of my life, I felt like I

0:48.4

wasn't working towards something. And I always wanted to be the best. And so when I got to San Diego, I trained there. And for the first time I'm life, I was like, I was like, okay, what's next? And I was like looking around the room. And I'm like, fuck, like, they have a mandatory retirement at age 56. And these folks, when they retire, like, they don't look healthy. They look fucking. People are overweight. They got bad food in there. People are stressed out. I mean, it's one of the highest stress jobs in America.

1:11.2

This is the crazy part, Brad.

1:12.3

A lot of these guys would retire.

1:13.8

And, like, within six months, they'd be dead.

1:19.4

You were on the Bradley podcast, and I heard you.

1:22.6

And you were talking about boutique hotels.

1:24.5

And I thought, fuck, this is a really smart idea.

1:30.2

And the way I started to think about it was it's like buying short-term rentals on steroids that's the way I thought about it so you've got these

1:38.5

short-term rentals so people coming in you know into the boutique hotel staying a couple of nights staying a

1:43.8

night staying a night staying you know maybe a little bit longer hotel staying a couple of nights, staying a night, staying, you know,

1:45.0

maybe a little bit longer than that, and then they're gone. You remake the room, you bring

...

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