meta_pixel
Tapesearch Logo
Log in
The Rich Somers Report

The Journey From Full-Time Air Traffic Controller to $80M in Real Estate | E209

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 29 June 2024

⏱️ 51 minutes

🧾️ Download transcript

Summary

This episode is a re-cut from The Action Academy Podcast, hosted by Brian Luebben. The original episode aired on May 14th, 2024.In today's episode, Rich shares with Brian his key takeaways and learnings on how he went from his first deal to a portfolio of $80M+ of real estate, establishing how to get started in boutique hotels, apartment buildings, and short term rentals in 5 years.Connect with Brian on Instagram: @brianluebben--Connect with Rich on Instagram: @rich_somersInterested in invest...

Transcript

Click on a timestamp to play from that location

0:00.0

Actually, it was only 13 months after I did my first deal, I walked away from the

0:04.6

government pension, I walked away from the job security of having a government job,

0:08.0

and I went full-time into real estate investing and started building out my own thing, and

0:11.5

this is only five years ago and today I got about 80 million dollars of

0:15.8

real estate, boutique hotels, apartment buildings and short-term rentals and we

0:21.1

got a cool company, Podcast Studio here and we self-manage.

0:24.0

We've got a couple companies and we're rock and rolling dude and now, you know, I feel like I'm just getting warmed up man.

0:30.0

I'm 38 at 33 dude when I started I was like I was kind of like plateaued and I felt like I wasn't growing and now at 38 dude I feel like I'm younger than I've ever been I feel healthier than I've ever been I'm locked in'm focused, I feel like I'm just getting warmed up right now.

0:45.0

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building, all while keeping it real.

0:51.0

No fluff, no BS. I hope that you enjoy the show.

0:54.0

All right, all right, the man in the myth this summer's welcome to the action

1:03.4

copy podcast brother what's going on Brian dude uh appreciate you having me on to

1:07.8

just uh getting dialed in man we just had the sink of the mile weekend and

1:12.0

I'm like 11 days removed from giving up alcohol for a good

1:16.4

stretch a little season that I'm entering and I must say dude I'm really loving this new season

1:20.4

man.

1:21.4

Yeah I'm excited to dive into that I can't believe you flew out all this way for this podcast, man.

1:25.6

I know, man.

1:26.6

You left your doorstep, you came to your office, and now here we are in the sunny San

1:31.0

Diego, man, and it's a blast. I'm curious, you know, what may just settle on San Diego out of all the different places to live and run your office because we're sitting here in your studio. It's beautiful. Your full team is here in person. Why is San Diego and what made you choose to kind of go the opposite of remote work and keep everybody here in the office?

1:48.7

Yeah, so I came down to San Diego for college and I spent about five years down here and so I had a really good

1:53.3

taste of what that was like good weather beautiful beaches the vibe is cool the

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Rich Somers, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rich Somers and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.