Step-By-Step How To Buy Your First Boutique Hotel w/ Rich Somers

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 9 January 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's call is a live call in our Action Academy Community w/ Rich Somers (@rich_somers) Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses? 👔🏝️ Schedule A Free 15 Minute Coaching Call With Our Team Here To Get "Unstuck" Want to know which investment strategy is best for you? Take our Free Asset-Selection Quiz Check Out Our Bestselling Book : From Passive To Passionate: How To Quit Your Job - Grow Your Wealth - And Turn Your Passions...

Transcript

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0:00.0	What's up, Action Academy family? Welcome back to another episode of the Action Academy podcast,
0:04.8	Corporate America's least favorite podcast, the show that helps you replace corporate with
0:08.7	cash flow through buying small businesses and big old commercial real estate deals.
0:12.3	Today's episode is a really cool and unique one because not only is it a podcast episode
0:18.2	with a certified gangster real estate investor. But it also contains a live
0:23.9	Q&A with listeners to the podcast. You guys, Action Academy. So today, as we're learning
0:31.0	step by step how to buy your first boutique hotel from our guest, Rich Summers, you're not only
0:36.4	listening to me ask questions, but you're
0:38.3	hearing you guys ask the questions in a live Q&A format in the back half of today's episode.
0:44.8	Rich has been on this podcast before with over $80 million in hotel acquisitions within the last
0:49.9	few years. In today's podcast episode was a live private call within our Action Academy community
0:56.1	with about 200 of our members attending the call. If buying a hotel, if buying your first commercial
1:01.8	property, if buying a small business is on your list for 2025 and you want a community of people
1:06.2	to hold you accountable and show you how to do it, check out Actionacademy.com or go in the show
1:10.4	description and that is where you can be on these calls as well. Now, let's get to today's episode with Rich
1:15.6	Summers, How to Buy Your First Hotel. Let's roll. So Rich, I'll tell you a little bit about
1:21.6	our tribe here. Most of the folks on here got between five and 50 doors and multifamily storage, hospitality themselves,
1:29.9	business buying, and a lot of people are in commercial. So today, going into all things,
1:35.1	boutique hotels, all things, deal flow, acquisition, we're ready to rock, man. So what we'll do
1:41.1	is I'll let you introduce yourself to the folks. We'll go for about 20, 30 minutes.
1:45.5	We'll open it up to Q&A and then rock and roll. So for people that are unfamiliar and people
1:50.3	that haven't listened to the podcast, who the heck is Rich Summers? Oh, man. Hey, Brian, thank you
	...

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