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The Rich Somers Report

The Greatest Transfer of Wealth in American History is About to Go Down | Mikey Taylor E287

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 28 December 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Own real estate and ready to buy your first boutique hotel? Let’s talk—get on a call and start your journey before the year ends: www.hotelinvesting.com.The greatest wealth transfer in U.S. history is here, and Rich Somers is making bold moves to take full advantage. Joining Mikey Taylor’s podcast, Rich shares his game plan for navigating this unprecedented shift as 40 million baby boomers retire in the next seven years. With a quarter of boutique hotels owned by this generation, Rich explain...

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, real quick before we get started, if you are investing in real estate right now,

0:03.7

maybe you're in the Airbnb space and you're looking to get in the boutique hotel game.

0:07.3

We have an awesome community with 75 members, 41 hotels owned collectively amongst the group,

0:13.8

six hotels currently under contract and being bought, partnership opportunities,

0:18.6

forward-thinking, like-minded individuals, folks that are moving the needle.

0:22.2

We don't accept everyone.

0:23.5

Most folks, we actually decline that apply.

0:25.6

If you are serious about getting the boutique hotel game, we're going to be opening up a couple spots between now and the end of 2024.

0:31.5

You can go to hotelinvesting.com to book a free call with my team.

0:36.4

Again, that's hotel investing.com to book a free call with my team. Again, that's hotel investing.com to book a free call with

0:39.8

my team. Now let's jump into the show. Why am I going to sit there and play a game where I got to sit on

0:44.6

the sidelines and wait and see, right? And so for me, I'd rather take action in the same time

0:50.4

period that, you know, someone sitting on the sidelines waiting for perfect conditions,

0:55.0

which, you know, in all reality, you're an entrepreneur, you're a real estate investor,

0:57.6

you know this better than anyone else. Perfect conditions don't exist. And so in that same time

1:02.4

frame that someone sitting on the sidelines for two, three, four, ten years waiting for perfect

1:06.6

conditions to get started, I've been playing the game, going through the ups, going through the

1:11.3

downs, and going through all the problems that arise as an entrepreneur and getting better

1:15.6

with every single rep.

1:17.5

Welcome to the Rich Strummers Report, where we talk real estate, business, and wealth building,

1:21.8

all while keeping it real.

1:23.1

No fluff, no BS.

...

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