The Rich Somers Report

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 2 of their interview, Rich and Mikey discuss his pivot into commercial real estate investing, raising money for funds vs. syndications, self-storage, multifamily and ground-up development. They dive into how Mikey built his business, Commune Capital, strategies with investors, and some of the biggest risks he faces with his projects. Mikey also shares what he’s most excited for in 2023 and his biggest motivation for getting out of bed in the mornings. Connect with Mikey on Instagram: @mikeytaylorJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

Serial entrepreneur and former professional skateboarder, Mikey Taylor is the President and Managing Principal of Commune Capital, a private equity firm that invests in commercial real estate. After a successful 14 year skateboarding career, Mikey began the transition into entrepreneurship and business building, when he recognized an opportunity in the emerging craft beer industry. He utilized his marketing experience from skateboarding to co-found Saint Archer Brewery. In part 1 of their interview, Rich and Mikey discuss what it was like growing up skateboarding and going pro, his experience starting Saint Archer Brewing, and some key takeaways on building a successful business. Mikey also shares a hilarious story of a recent viral video with 2 skateboarders bringing their concerns to him at a City Council Meeting. Connect with Mikey on Instagram: @mikeytaylorJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today’s episode, Rich sits down for an interview with multifamily investor and best-selling author, Dre Evans. Dre has a very unique and different story than most – he grew up in the streets of Chicago and joined a gang when he was 12 years old, where his initiation was participating in a drive-by shooting. Eventually he and his triplet brothers decided to pave their own path and joined the U.S. Navy Academy. Today Dre is a successful real estate investor and national best-selling author, recently releasing his third book – Prove Them Wrong. Rich and Dre discuss his experience growing up, how he got into multifamily, and what it was like buying his first deal. They dive into permitting processes, short-term rental licenses, and both of their passions of mentoring youth. Connect with Dre on Instagram: @drmultifamilyCheck Out His New Book: Prove Them WrongJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today's episode, Rich discusses why you can't "save your way to wealth" and the importance of utilizing leverage to get ahead. He dives into several  examples of different forms leverage, including buying real estate deals, investing passively in real estate syndications or funds, creating social media content, hiring an assistant,  and the ability to raise & multiply money. Rich also talks about why it's a good idea to hire out certain tasks in order to reallocate the time saved and focus on higher producing activities. Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

Avery Carl interviews Rich Somers on multifamily properties merging with short-term rentals, his shift to boutique hotels, and advice for young investors. They discuss buying hotels with seller finance, unique financing models, and the importance of trust in real estate transactions. Rich shares tips for beginners in the 2023 market and the power of renovation in property investing.

In today’s episode, Rich sits down with Jesse Vasquez – mid-term rental mentor, investor, and host of the Mid-Term Rental Summit in San Diego. After 18 years in corporate sales training and leading million-dollar healthcare teams, he left his 6-figure W-2 healthcare sales management career to go all-in on real estate investing and his co-hosting, property management, and consulting businesses. He realized there was an untapped niche for traveling clinicians in the mid-term rental space, so he decided to dive straight in. Rich and Jesse discuss the importance of understanding your market, first steps for someone new wanting to get into mid-term rentals, and landlord-tenant laws in California. They do a deep dive into the types of properties that produce the most cashflow, the different lending options available for this asset class, and the reason why we’re seeing so many healthcare professionals feeling burnout. Connect with Jesse on Instagram: @therealjessevasquezJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today’s episode, Rich sits down for another interview in the Scottsdale Speakeasy with Pace Morby – creative real estate investor, expert in “subject to” and host of A&E’s Triple Digit Flip TV Show. Pace is the founder of Subto, a thriving real estate education program and community that teaches creative financing strategies to real estate investors of all experience levels in order to do deals without cash, credit, or credentials, and also has a bestselling book, Wealth Without Cash, that was recently released with BiggerPockets. Rich and Pace discuss the different projects he’s focusing on in 2023, how he’s scaled his business & delegates roles, and his innovative methods for convincing sellers to sell their properties to him despite failed attempts by agents. They dive into the most effective ways to find sub to deals, their predictions for the market’s future, and why “real estate is a gateway into thousands of opportunities”.Connect with Pace on Instagram: @pacemorbyJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today’s episode, Rich sits down in his Scottsdale Speakeasy for an interview with Kara Beckmann – real estate investor & luxury designer based in Arizona. Before she got into real estate investing, Kara went to culinary school and started saving money to open her own bakery. She’s a true creative and had a dream of owning her own wedding cake shop, but after working in the restaurant industry for many years it became very repetitive. Kara had the realization that “maybe she could do to a house what she used to do to a cake” and started flipping houses. Rich and Kara talk about her experience finally quitting her day job, diving straight in without really knowing what she was doing, and what her typical deals & projects are like today. They discuss trending designs for 2023, new developments she’s getting into, her passion for music and recently released songs. Kara also shares a few of her biggest mistakes and advice for someone new wanting to get into their first flip. Connect with Kara on Instagram: @beckmannhouseJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today’s episode, Rich sits down for an interview with Adrian Hernandez – real estate entrepreneur who has flipped over 250 homes and wholesaled over 400 deals. Adrian has a passion for helping real estate agents and helps them become investors. He owns a brokerage that supports everything he’s doing – the wholesaling, the flipping – and believes it's all one big ecosystem. Rich and Adrian discuss what it takes to make it in the real estate world, and give some great advice to anyone looking to get into the business. They dive into “the nine degrees of wealth” in real estate, some of the best marketing strategies & tactics, and he even shares the craziest experience he’s had with a homeowner when door-knocking. Connect with Adrian on Instagram: @adrianhernandezJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

In today’s episode, Rich sits down for an interview with Douglas James – a US Navy Veteran who now invests in self-storage facilities and builds & sells digital marketing businesses to entrepreneurs and investors. Doug is in the brick and mortar lead generation space and owns a successful $30M/year coaching business. Rich and Doug talk about his background and time spent in the Navy and how it led him to where he is today. They dive into his strategy partnering with fund managers to solicit and gather accredited investors by setting up online campaigns to drive traffic to webinar funnels. They also discuss investing with crypto and where they see the future with digital currency.Connect with Douglas on Instagram: @the_douglasjamesJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.