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The Rich Somers Report

The Boomer Wealth Transfer ($2.5M/Yr Opportunity) │Boris and Amanda Palomino E507

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 23 May 2026

⏱️ 50 minutes

🧾️ Download transcript

Summary

Apply for the Palomino Yacht Mastermind Experience: Palominoseniorliving.com Accredited Investors: Catalina Island deal closes soon. Join waitlist: somerscapital.com/invest A massive demographic shift is already underway—and most investors aren’t paying attention. Rich Somers sits down with Boris and Amanda Palomino to break down why residential assisted living is quickly becoming one of the most compelling and recession-resistant real estate asset classes in the country. With millions of b...

Transcript

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0:00.0

Hey guys, we are buying two more boutique hotels along the California coast here with Summers Capital,

0:04.8

45 rooms off market in Catalina Island, and a second deal up in Vodega Bay, which will make a total

0:10.3

of eight boutique hotels owned and operated. Our investors get passive income, tax benefits,

0:14.7

and the best part is, unlike investing on Wall Street and a lot of these other asset classes

0:18.6

like multifamily, our investors get to go and stay and experience these boutique hotels firsthand to see how their money's working for them. And so if you want to learn to see if we can help you before this opportunity fills up, you can go to Summerscapital.com slash invest to book a free call with my team. Again, at Summerscapital.com slash invest to book a free call of my team. Now let's jump into the show. By 2030,

0:39.3

majority of the baby boomers are going to come into the age of care. The age of care is 65 and

0:45.0

older, right? Right now, I'm going to talk about California. California right now has six

0:50.0

million seniors. By 2030, that number is going to be at 9 million seniors. There is a massive

0:56.1

shortage of bets right now nationwide. It is projected that there's going to be a shortage of

1:01.8

500,000 bets minimum nationwide. This is a recession-proof business during COVID. People

1:09.3

preferred our boutique style homes versus the big facilities right here

1:13.5

here's a big thing too nobody's going to shut us down like they're shutting down Airbnb we are

1:18.5

getting a lot of students that they're shutting down their Airbnbs are losing money why think

1:24.7

about it who would shut me down who would lobby lobby against me? Big pharma? Not tapping into their pockets. Insurance? We're helping insurances. Why? Because they much rather, whether it's Medicaid, whether it's private pay, the resident pay me six, 10,000, versus them paying up to 50,000 for them to be in a skill nursing facility.

1:48.3

So they're not going to come after me.

1:50.5

There is nobody that really is going to come after us because we're helping the senior community, right?

1:56.7

We're not tapping into anybody's pocket.

1:58.8

That's why Uber started having problems. That's why Uber started having problems.

2:01.3

That's why Airbnb started having problems because they poke the hornets next.

2:06.9

All right, guys, today I got a husband and wife duo that are doing big things, making big moves in the residential assisted living space.

2:16.4

And they're going to be dropping a lot of game, a lot of value.

2:19.2

They are good friends of mine. And I got Boris and Amanda Palomino. Welcome to the show, guys.

...

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