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The Rich Somers Report

Why Real Estate is the Easiest Path For the Everyday Person to Become a Millionaire | Thach Nguyen E286

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 26 December 2024

⏱️ 82 minutes

🧾️ Download transcript

Summary

What’s the simplest way for the average person to build lasting wealth? Real estate. In this episode, Rich Somers brings on Thach Nguyen, a real estate mogul who started with nothing—literally $100 and a suitcase—and built a billion-dollar portfolio. Thach shares his incredible journey, from knocking on 100 doors a day to investing strategically in high-appreciation markets. Rich and Thach explore why real estate is the ultimate long game for creating financial freedom, highlighting the power...

Transcript

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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

0:39.6

with my team. Now let's jump into the show. At what age do you want the option to work or not work?

0:47.3

Nobody really think that far. At what age do you want to work or not work to have the option to

0:52.7

work or not work? Because if you don't invest in real estate, you don't have an option.

0:56.5

You got to keep running on this treadmill until you're old and die.

1:00.5

I love a Warren Buffett says, if you don't find a way to make money while you're asleep,

1:04.2

you're going to work until you die.

1:06.2

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

1:10.5

all while

1:10.8

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

1:20.1

All right, guys, welcome to another episode of The Report today. I am super excited because I

1:25.3

got someone who's got an inspiring story, someone who's doing big things in the real estate space.

1:29.4

He's been in the game for quite some time.

...

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