The Importance of Buying in a Good Location | Saturday Edition E165

The Rich Somers Report

Rich Somers

Business, Investing

5.0 • 1K Ratings

🗓️ 23 March 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex start by talking about their plans for the weekend and daylight savings. They then analyze the importance of buying in high growth markets, Rich’s first multifamily deals, chasing cashflow, what the first deal should look like and the fundamentals to a good deal, where Rich sees potential in the market right now, the importance of appreciation, and Rich shar...

Transcript

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0:00.0	When I first got into the game, I was like chasing cash flow and I was chasing deals that, you know, were a cheaper price point.
0:08.0	Nothing wrong with that.
0:10.0	But now, as I've grown as I got more experience in the game, my
0:13.7	progression, my thought process and the way I strategize and look at deals
0:16.6	has evolved.
0:18.4	Now I'm only looking at stuff in high growth markets,
0:20.9	markets, sexy markets, you know, love stuff in San Diego love stuff in
0:24.4	Santa Barbara Scottsdale Nashville you know some of those type of markets
0:29.0	welcome to the rich summers report where we talk estate, business and wealth building all while keeping it real.
0:35.3	No fluff, no BS. I hope that you enjoy the show.
0:48.1	All right guys, welcome to another episode of the report, Saturday edition, and I got my co-host today, Miss Alex Johnson.
0:50.7	Alex, welcome to the show for the, what the second time in a row now.
0:53.2	Yeah, it's been a few times in a row.
0:55.0	It's going well.
0:56.2	How are you?
0:56.7	Really good.
0:57.7	I like hanging out with you.
0:58.7	So, yeah, it's going great.
0:59.7	Yeah, we got some sunshine here today.
1:02.1	I'm flying out to Orlando tonight on the red eye to go speak at
1:04.8	Tala Devro's multi-family event. Shout out to Nico and Stratt and the rest of his team, so excited for that.
1:10.9	That's gonna be fun. Just a little 24 hour trip out to Orlando and back.
	...

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