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The Rich Somers Report

Should You Buy For Cash Flow or Appreciation & Biggest Challenges of Buying Hotels | Saturday Edition E90

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 30 September 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

On today's "Saturday Edition" episode, Rich answers top questions of the week that are sent in by our listeners. Rich and Alex discuss why real estate investing isn’t taught in schools, high cashflow vs high growth markets, and current trends in the Airbnb and Boutique Hotels spaces.If you have a question you'd like answered, please email [email protected]. Stay tuned every Saturday to see if it's featured!--Connect with Rich on Instagram: @rich_somersInterested in investing with So...

Transcript

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0:00.0

You know, like most people, I was taught this way as well.

0:03.0

Go to school, get good grades, go to college, and get a job.

0:06.4

And when you do those things, it benefits those three pillars.

0:09.2

So when you go to college, you know, they slap on some student loan debt, that's cash flow for the banking system.

0:15.3

And then what do they tell you?

0:16.2

They say, go get a high paying job, but when you have a high paying W2 job, you pay the highest

0:20.2

taxes, and that's cash flow for the government and then they tell you play it

0:24.1

safe diversify investing in your 401k and that's cash flow for Wall Street in the

0:28.8

form of fees and then they tell you go buy a you know a single family

0:32.2

home start a family and then now they tell you go buy a single family home,

0:32.8

start a family, and then now they lock you in a 30 year mortgage,

0:36.3

and that's cash flow for the central baking system.

0:39.3

Welcome to the Rich Shummers Report,

0:40.7

where we talk real estate, business, and wealth building, all while keeping it real.

0:44.8

No fluff, no BS.

0:46.3

I hope that you enjoy the show.

0:49.8

All right guys, welcome to another episode of the report another Saturday

0:57.5

edition and with that I got my co-host Alex Alex.

1:03.0

Thank you, how's it going?

1:04.0

It's going really good.

1:06.0

We've had a busy last week.

1:08.0

We had a couple meetups last week.

...

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